Trying to find better insurance prices for a BMW 760i can turn out to be a painful process, but you can follow a few tricks and make it easy. There is a right way and a wrong way to find car insurance online and you need to know the proper way to get price quotes for a new or used BMW and obtain the best price possible.
Consumers need to get comparison quotes as often as possible because rates tend to go up over time. Just because you found the best premium rates on 760i insurance six months ago there may be better deals available now. You can find a lot of wrong information about car insurance on the web, but you can learn the best ways to find cheap car insurance.
Finding the best rates is not that difficult. Basically, everyone who buys car insurance will most likely be able to lower their premiums. But consumers do need to learn the way companies sell insurance online because it can help you find the best coverage.
Use discounts on car insurance
Companies offering auto insurance don’t necessarily list their entire list of discounts in a way that’s easy to find, so the below list has some of the more common and the harder-to-find credits available to bring down your rates.
- Defensive Driver Discounts – Taking time to complete a defensive driver class can save you 5% or more and easily pay for the cost of the class.
- Resident Student – Youth drivers who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
- Student Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class if it’s offered in school.
- Government Employees – Active or retired federal employment could provide a small rate reduction on 760i insurance with select insurance companies.
- Air Bag Discount – Options like air bags or motorized seat belts can receive discounts up to 30%.
Remember that many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, you aren’t that lucky.
A list of companies and a summarized list of policyholder discounts are included below.
- State Farm may include discounts for student away at school, Steer Clear safe driver discount, multiple policy, driver’s education, defensive driving training, and accident-free.
- GEICO includes discounts for driver training, multi-vehicle, daytime running lights, multi-policy, emergency military deployment, and good student.
- Liberty Mutual discounts include new move discount, hybrid vehicle, multi-policy, newly married, newly retired, safety features, and teen driver discount.
- The Hartford offers premium reductions for vehicle fuel type, driver training, good student, air bag, bundle, and anti-theft.
- MetLife offers discounts for good student, claim-free, accident-free, defensive driver, and multi-policy.
- Progressive has discounts for multi-policy, multi-vehicle, continuous coverage, homeowner, and good student.
When getting , it’s a good idea to every company which discounts can lower your rates. Depending on the company, some discounts may not be available in your area. If you would like to see a list of companies who offer free car insurance quotes, follow this link.
Car insurance quotes comparison
Performing a rate comparison can be exhausting if you don’t know the most efficient way. You can spend countless hours talking about coverages with insurance companies in your area, or you could save time and use the internet to accomplish the same thing much quicker.
Many popular insurance companies participate in a marketplace where prospective buyers submit their information once, and each company then returns a price quote based on that information. This system prevents you from having to do form submissions for each company you want a rate for.
To find out what other companies charge click here (opens in new window).
The single downside to comparing rates this way is you cannot specify which providers you want pricing from. If you prefer to choose specific providers to compare, we have a listing of companies who write car insurance in your area. View list of insurance companies.
However you get your quotes, do your best to enter equivalent coverages and limits for every quote you compare. If the quotes have different limits and deductibles on each one it will be impossible to make an equal comparison. Just slight variations in coverages may result in large price differences. Just remember that getting more free quotes gives you a better chance of getting a better price. Not every company provides price estimates online, so you should also compare quotes on coverage from those companies, too.
Captive and independent auto insurance agents
Many people still like to talk to a local agent and that is just fine! One of the benefits of comparing insurance prices online is the fact that drivers can get cheaper prices and still choose a local agent.
To make it easy to find an agent, after completing this form (opens in new window), the coverage information is transmitted to companies who can give free rate quotes for your business. You won’t need to find an agent since price quotes are sent to you instantly. You can find better rates and work with a local agent. If you need to compare prices from a particular provider, feel free to visit that company’s website and complete a quote there.
Picking the best insurer is decision based upon more than just a cheap quote. Get answers to these questions too.
- What is the financial rating for the quoted company?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Can they help ensure a fair claim settlement?
- Is there a local claims center?
- Are they giving you every discount you deserve?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is there a 24/7 contact number?
To see a list of insurance agents near you, find a local insurance agent.
What car insurance coverages do you need?
Understanding the coverages of car insurance can be of help when determining the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for expenses like X-ray expenses, chiropractic care, prosthetic devices and funeral costs. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay
Liability auto insurance – This can cover damage that occurs to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability can pay for things such as court costs, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your BMW 760i.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.
Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like hitting a bird, theft, vandalism, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision – This coverage covers damage to your 760i from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as crashing into a building, hitting a mailbox, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Best coverage at the best price
We just covered a lot of information how to compare BMW 760i insurance auto insurance rates online. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest auto insurance rates are with a company that doesn’t do a lot of advertising.
Drivers who switch companies do it for a variety of reasons including delays in responding to claim requests, policy non-renewal, high prices or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding a great new company is actually quite simple.
As you , make sure you don’t sacrifice coverage to reduce premiums. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits only to find out that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.