Cheapest Insurance for a BMW 328i in Los Angeles

Want to learn the secrets to finding cheaper BMW 328i insurance in Los Angeles? Trying to come up with a payment for expensive auto insurance can bleed your savings and possibly require postponing other expenditures. Getting a rate comparison is a great way to make ends meet.

Smart shoppers know that car insurance companies don’t want you to look at other companies. Drivers who shop around for a cheaper policy will probably buy a new policy because there are good odds of finding a more affordable policy premium. A study discovered that people who regularly compared rates saved an average of $3,400 over four years compared to people who don’t make a habit of comparing rates.

If finding budget-friendly auto insurance in Los Angeles is the reason you’re reading this, then learning a little about how to quote prices and compare car insurance can help simplify the task of finding more affordable coverage. Multiple car insurance companies compete for your business, and because of this it can be hard to compare auto insurance companies to find the best price available on BMW 328i insurance in Los Angeles.

It’s a good idea to get comparison quotes at least once a year because auto insurance prices trend upward over time. Even if you got the lowest price on BMW 328i insurance in Los Angeles last year other companies may now be cheaper. There are a lot of ways to save on 328i insurance on the internet, but in a few minutes you can learn some good information on how to put money back in your pocket.

Affordable Los Angeles auto insurance rates with discounts

Some providers do not list every possible discount very clearly, so we took the time to find some of the best known and the more hidden credits available to bring down your rates.

• Discount for Life Insurance – Select insurance companies reward you with a discounted premium rate on car insurance if you buy auto and life insurance together.
• New Vehicle Savings – Insuring a vehicle that is new can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• Accident Forgiveness Coverage – This one is not really a discount per se, but certain companies permit an accident before they charge you more for coverage if you are claim-free for a specific time period.
• Organization Discounts – Belonging to specific professional or occupational memberships or organizations may earn a discount on your policy.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes prevent accidents and the ABS can save up to 10%.
• Passenger Safety Discount – Factory air bags and/or automatic seat belt systems could see savings of more than 20%.
• Military Deployment Discount – Having a family member in the military may qualify for rate reductions.
• Save with More Vehicles Insured – Insuring more than one vehicle with the same auto insurance company may reduce the rate for each vehicle.

It’s important to understand that some of the credits will not apply to the entire policy premium. Most only cut specific coverage prices like liability, collision or medical payments. Even though it appears it’s possible to get free car insurance, auto insurance companies aren’t that generous.

The example below illustrates the comparison of BMW 328i insurance rates with and without discounts applied. The premium estimates are based on a male driver, no accidents or driving violations, California state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, multi-car, safe-driver, and multi-policy discounts applied.

Larger auto insurance companies and the discounts they provide can be read below.

• Progressive may have discounts that include multi-vehicle, continuous coverage, multi-policy, good student, homeowner, and online quote discount.
• Farmers Insurance may offer discounts for good student, electronic funds transfer, teen driver, distant student, multi-car, mature driver, and alternative fuel.
• Farm Bureau includes discounts for 55 and retired, driver training, youthful driver, multi-vehicle, good student, multi-policy, and safe driver.
• State Farm offers premium reductions for good driver, driver’s education, student away at school, defensive driving training, multiple policy, and safe vehicle.
• GEICO offers discounts including military active duty, anti-theft, multi-policy, membership and employees, and five-year accident-free.
• SAFECO offers discounts for multi-car, safe driver, anti-lock brakes, accident prevention training, bundle discounts, and anti-theft.
• Liberty Mutual may include discounts for teen driver discount, preferred payment discount, exclusive group savings, new graduate, and hybrid vehicle.

When comparing rates, check with all the companies the best way to save money. Savings might not apply in Los Angeles. To see a list of insurers with discount auto insurance rates in Los Angeles, click here.

Lowering your BMW 328i car insurance rates is an easy way to save money. Drivers just need to take a couple of minutes comparing price quotes to see which company has cheaper Los Angeles car insurance quotes.

Doing online price quotes comparisons is so easy that it makes it obsolete to make phone calls or go to insurance agencies in your area. Comparing online rate quotes eliminates this option unless you’re the type of person who wants the professional abilities that only a licensed agent can provide. It is possible to get the lowest quotes online but purchase the actual policy in an agency.

The providers in the list below are ready to provide price quotes in Los Angeles, CA. If multiple companies are listed, we recommend you visit several of them in order to find the most affordable rates.

Rates and data analysis

The rate information displayed next outlines a range of rate quotes for BMW 328i models. Learning how insurance policy rates are formulated can be of help when making smart choices when purchasing an auto insurance policy.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in specific location which can change coverage rates noticeably.

How high should deductibles be?

The hardest decision when buying coverage is where should you set your physical damage deductibles. The comparison tables below summarize the costs and benefits when you choose different comp and collision deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Prices do not factor in specific location which can impact premium rates substantially.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $38 more each month or $456 every year than selecting the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at least 11 months between claim filings, you would save more money by selecting a higher deductible.

Auto insurance rates are higher with tickets and accidents

The chart below illustrates how violations and at-fault fender-benders can impact BMW 328i car insurance rates for each age group. The premium estimates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

BMW 328i insurance premiums by gender and age

The chart below illustrates the difference between BMW 328i car insurance rates for male and female drivers. The data assumes no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Learn How to Lower Your Insurance Prices

Lots of factors are part of the equation when you get a price on insurance. Some are pretty understandable such as traffic violations, although others are not quite as obvious such as your marital status or your vehicle rating. It’s important that you understand the different types of things that help determine your policy premiums. If you have some idea of what impacts premium levels, this enables you to make decisions that may result in lower premium levels.

The list below includes most of the major factors that factor into your rate level.

• What are your coverage deductibles? – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, protects your BMW from damage. Examples of some claims that would be covered are a broken side mirror, damage caused by hail, and rolling your vehicle. Your deductibles represent how much money the insured will be required to pay if a covered claim is submitted. The larger the amount you pay before a claim is paid (deductible), the lower your rates will be.
• Policy add-ons add up – Insurance companies have many extra add-on coverages that may not really be needed on your 328i policy. Coverage for things like roadside assistance, high-cost glass coverage, and extra life insurance coverage are examples of these. You may think they are a good idea initially, but if you don’t need them consider taking them off your policy.

• What type of car do you drive? – The type of vehicle you drive makes a big difference in your car insurance bill. The cheapest rates are usually for smaller low performance passenger cars, but your final cost has many other factors.

  The following chart uses these variables: single male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It compares BMW 328i car insurance rates compared to other vehicles that have a range of performance rating factors.

• Your stress level may be raising your premiums – Did you know your job can affect your rates? Occupational choices like fire fighters, airline pilots, and dentists tend to have higher rates than the rest of us because of stressful work requirements and lots of time spent at work. On the flip side, jobs like professors, engineers and homemakers pay lower than average rates.
• Your address can influence costs – Living in areas with lower population is a positive aspect when it comes to insurance. Fewer drivers on the road means reduced accidents. Urban drivers tend to have traffic congestion and a longer drive to work. More time commuting translates into higher accident risk.

• Teenagers are high risk – Older drivers are more cautious drivers, tend to file fewer claims, and are generally more financially stable. Beginning drivers have a tendency to be inattentive and easily distracted when at the wheel of a vehicle and because of this, their insurance rates are much higher.

  The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Will just any policy work for me?

When buying a policy for your personal vehicles, there is no cookie cutter policy. Your needs are unique to you.

For instance, these questions might point out if your insurance needs would benefit from professional advice.

• If my car is totaled with they pay enough to replace it?
• Why am I required to buy high-risk coverage?
• Does my policy cover me when driving someone else’s vehicle?
• What is an adequate liability insurance limit?
• Am I covered when delivering products for my home-based business?
• How high should my medical payments coverage be?
• What companies insure drivers after a DUI or DWI?
• Is there coverage for my trailer?
• Do I have any recourse if my insurance company denies a claim?
• Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

You may need help from an insurance agent

Certain consumers would prefer to sit down with an agent and doing so can bring peace of mind Good insurance agents are very good at helping people manage risk and help file insurance claims. An additional benefit of comparing insurance online is that drivers can save money and get cheap insurance quotes but still work with a licensed agent. Supporting local insurance agencies is especially important in Los Angeles.

To help locate an agent, after submitting this quick form, your insurance coverage information is transmitted to insurance agents in Los Angeles that give free quotes for your insurance coverage. You won’t even need to contact any insurance agencies because prices are sent to the email address you provide. If you need to compare rates from a specific company, don’t hesitate to search and find their rate quote page to submit a rate quote request.

Deciding on an company needs to be determined by more than just a cheap price. The questions below may impact your decision as well.

• Does the agent help file claims?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Do they offer rental car reimbursement?
• How many years of experience in personal auto insurance do they have?
• Does the company allow you to choose your own collision repair facility?
• What is the agency’s Better Business Bureau rating?
• What are their preferred companies if they are an independent agency?

Once you have received good feedback to any questions you may have in addition to an acceptable price estimate, it’s a good possibility that you have found an insurer that is reputable and can adequately provide insurance.

Choosing the best BMW 328i insurance in California is an important decision

Despite the high cost, insurance may not be optional for several reasons.

• The majority of states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability protection in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you have a loan on your vehicle, most banks will have a requirement that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank may buy a policy for your BMW at a much higher rate and force you to pay the higher price.
• Auto insurance preserves both your car and your assets. Insurance will pay for medical expenses incurred in an accident. Liability coverage will also pay attorney fees if you cause an accident and are sued. If mother nature or an accident damages your car, your policy will pay to restore your vehicle to like-new condition.

The benefits of buying auto insurance outweigh the cost, particularly if you ever have a claim. On average, a vehicle owner in Los Angeles overpays more than $825 a year so compare rates each time the policy renews to ensure rates are competitive.

Quote. Compare. Save.

As you restructure your insurance plan, you should never sacrifice coverage to reduce premiums. Too many times, someone sacrificed liability coverage limits to discover at claim time they didn’t purchase enough coverage. The proper strategy is to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

Consumers switch companies for a variety of reasons including high prices, questionable increases in premium, delays in paying claims and even unfair underwriting practices. Whatever your reason, choosing a new insurance company is less work than it seems.

Some car insurance companies do not offer online quoting and these regional carriers only sell coverage through local independent agencies. Cheaper car insurance in Los Angeles is attainable online and with local Los Angeles insurance agents, so you should compare both in order to have the best chance of saving money.

Much more information about car insurance in California is located on the following sites:

• Keeping Children Safe in Crashes Video (iihs.org)
• Who Has Cheap Los Angeles Auto Insurance for College Graduates? (FAQ)
• What is the Cheapest Car Insurance in Los Angeles, CA? (FAQ)
• Who Has the Cheapest Auto Insurance for Single Moms in Los Angeles? (FAQ)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• Senior Drivers (Insurance Information Institute)