When searching for the best auto insurance for your bmw 3 series, it pays to shop around. Each company will offer different insurance quotes, even for the same car. comparing bmw 3 series insurance rates from various companies can help you find the best deal possible.
Your choice of auto insurance company plays a large role in BMW 3 Series insurance rates. While the average annual cost of insurance for a BMW 3 Series is $1,560, premiums can be higher or more low, according to the insurer. The cheapest average insurance quote for this vehicle is USAA, at $1,249 per year. allstate offers the highest rates, with an average annual premium of $1,947. depending on the company you choose, you could save up to $698.
Reading: How much is insurance for a bmw 3 series
average annual cost of bmw 3 series insurance per company
For this study, Moneygeek collected average car insurance rates from different providers using a sample driver profile. rates are for one driver with 100/300/100 liability insurance and comprehensive and collision coverage.
average cost to insure a bmw 3 series by company
Auto insurance providers consider many factors when determining rates for a given model. they typically charge higher rates to insure more expensive vehicles. Because it is quite an expensive car, BMW 3 Series insurance rates are also expensive. High repair costs, theft rates, and power ratings can also contribute to the high cost of BMW 3 Series insurance.
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the cost of insurance is an important factor. However, it should not be the only consideration when choosing a policy for a BMW 3 Series. The best auto insurance company will be the one that provides you with a positive experience, an accurate policy, and a fair price.
moneygeek used a unique rating system based on affordability, customer complaints, customer satisfaction, and financial stability. Based on these factors, moneygeek found:
- usaa is the best option when insuring a bmw 3 series, but the company only offers its policies to current and former military and their families.
- progressive is the second best option for drivers with bmw 3 series. it is worth considering if you are not qualified for a usa policy. uu.
Depending on the version of your BMW 3 Series, car insurance rates fluctuate. older versions tend to have cheaper rates because a car’s value depreciates over time: lower value results in less expensive collision and comprehensive insurance. For example, the average premium for a 2014 BMW 3 Series is $1,332 per year. instead, the average annual cost of insurance for the 2020 version is $1,666, or $334 more.
Other insurance providers may offer lower rates depending on the model year of your BMW 3 Series. USAA offers the most affordable average auto insurance rate for a 2020 BMW 3 Series at $1,278 per year. Consider checking the specific model year of your car below and compare rates from different insurers, as the cheapest option may change depending on your model.
the average cost to insure a bmw 3 series by model year
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the bmw 3 series has relatively expensive auto insurance rates. average insurance for bmw 3 series costs $1,560 per year. the average cost of insurance for other car models is only $1,427 a year. however, insurance on a bmw 3 series is relatively cheaper than the average cost of luxury brands like tesla.
The age of the driver can also be a determining factor in BMW 3 Series insurance rates. Insurers tend to charge younger drivers more due to lack of experience. The average cost of BMW 3 Series insurance for an 18-year-old driver is $5,092 per year. that’s $3,532 more expensive than the average rate for a 40-year-old. below are annual plus average rates for young drivers ages 16-25.
Teen drivers who want to save money on car insurance may want to consider having the same policy as their parents, since purchasing a separate policy is significantly more expensive.
average cost to insure a bmw 3 series by age of driver
The prices specified in this article are based on national average rates for a BMW 3 Series. However, where you live will have a major impact on your auto insurance rates. Learn more about auto insurance rates in individual states with moneygeek’s state page analysis.
When determining auto insurance rates, companies take into account the model of your car. however, it is not the only factor they take into account. Learn more about BMW 3 Series insurance rates through Moneygeek’s FAQ.
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