If you are a novice to online car insurance shopping, it’s easy to get bewildered thanks to the vast number of insurance providers that all say they have the best rates for BMW 328i insurance in Louisville.
Steps to finding better rates for BMW 328i insurance in Louisville
The easiest way to get budget auto insurance rates is to compare quotes annually from different companies in Louisville.
- Spend a few minutes and learn about how companies price auto insurance and the things you can control to keep rates in check. Many rating criteria that result in higher rates like inattentive driving and a poor credit rating can be rectified by making minor changes to your lifestyle. This article gives the details to get low prices and find available discounts that you may qualify for.
- Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like Progressive or State Farm, while agents who are independent can quote rates for a wide range of companies.
- Compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Louisville. If you find a better price, make sure there is no coverage gap between policies.
- Provide notification to your current agent or company of your intention to cancel your current auto insurance policy. Submit the completed application along with a down payment for the new coverage. Be sure to keep your new certificate of insurance with your registration paperwork.
One key aspect when comparing rates is to compare the same amount of coverage on every price quote and and to get rates from as many different companies as possible. Doing this guarantees an apples-to-apples comparison and maximum price selection.
It’s safe to conclude that auto insurance companies don’t want you shop around. People who shop around once a year will, in all likelihood, switch car insurance companies because there is a significant possibility of finding a lower-cost company. A study showed that people who compared prices regularly saved $72 a month compared to people who never shopped around for better prices.
If saving money on auto insurance is why you’re here, then having some insight into how to find and compare insurance coverage can help you be more efficient.
If you currently have car insurance, you will definitely be able to cut your premiums using the techniques presented in this article. Pricing affordable policy in Louisville is actually quite simple. But Kentucky consumers must comprehend how big insurance companies price insurance differently and apply this information to your search.
The quickest method we recommend to compare insurance rates in your area is to know the trick all the major auto insurance companies participate in online systems to give you rate quotes. To begin a comparison, all you need to do is take a few minutes to give details including how much you drive, if a SR-22 is required, the type of vehicles you drive, and the ages of drivers. Your details is sent automatically to many different companies and they return rate quotes within a short period of time.
To check BMW 328i insurance prices now, click here and complete the quick form.
The providers in the list below are ready to provide price quotes in Kentucky. If multiple companies are listed, we recommend you compare several of them to get the cheapest price.
Best reasons to buy auto insurance in Kentucky
Despite the high cost, buying auto insurance may be required and benefits you in several ways.
- Just about all states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance in order to drive the car. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your BMW has a lienholder, it’s guaranteed your bank will require that you carry insurance to protect their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your BMW at an extremely high rate and force you to pay for the expensive policy.
- Insurance protects both your car and your personal assets. It also can pay for all forms of medical expenses incurred in an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of your driving. If you have damage to your BMW as the result of the weather or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance are definitely more than the cost, especially if you ever need it. Unknowingly, the average driver is overpaying over $869 every year so it’s important to compare rates at least once a year to help ensure money is not being wasted.
BMW 328i insurance rates and statistics
The coverage information shown next outlines a range of policy rates for BMW 328i models. Knowing how insurance policy rates are established is important to be able to make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $288 | $550 | $336 | $20 | $100 | $1,294 | $108 |
| 328I 4-Dr Sedan | $288 | $550 | $336 | $20 | $100 | $1,294 | $108 |
| 328I Station Wagon | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
| 328I 2-Dr Coupe | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
| 328I 2-Dr Coupe | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
| 328I xDrive 4-Dr Sedan | $322 | $634 | $336 | $20 | $100 | $1,412 | $118 |
| 328I xDrive 4-Dr Sedan | $322 | $634 | $336 | $20 | $100 | $1,412 | $118 |
| 328I 2-Dr Convertible | $322 | $634 | $336 | $20 | $100 | $1,412 | $118 |
| 328I 2-Dr Convertible | $322 | $634 | $336 | $20 | $100 | $1,412 | $118 |
| 328I 2-Dr Coupe | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
| 328I xDrive 2-Dr Coupe | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
| 328I xDrive Station Wagon | $322 | $634 | $286 | $16 | $86 | $1,344 | $112 |
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific garaging location which can influence insurance rates substantially.
The illustration below illustrates how your deductible choice and can affect BMW 328i yearly insurance costs for each age group. The premium estimates are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
Drive safe and save
The example below illustrates how speeding tickets and at-fault claims can increase BMW 328i insurance rates for each different age group. The information is based on a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
Comparison of car insurance rates by gender
The illustration below illustrates the difference between BMW 328i insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Cheaper rates on BMW 328i insurance in Louisville with these car insurance discounts
Car insurance is easily one of your largest bills, but you can get discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time of quoting, but some must be asked for prior to getting the savings. If you are not receiving all the discounts you qualify for, you’re just leaving money on the table.
- Discounts for Good Drivers – Drivers who don’t get into accidents may save up to 50% more compared to accident prone drivers.
- Auto/Life Discount – If the company offers life insurance, you could get lower car insurance rates if you buy life insurance from them.
- Louisville Homeowners Discount – Owning your own home or condo can save a few bucks due to the fact that maintaining a home is proof of financial responsibility.
- Senior Discount – Drivers that qualify as senior citizens can possibly qualify for a discount up to 10%.
- Good Grades Discount – Getting good grades may save as much as 25% on a Louisville car insurance quote. Earning this discount can benefit you up to age 25.
Discounts save money, but please remember that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.
The chart below shows the comparison of BMW 328i insurance rates with and without discounts applied. The data is based on a male driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, claim-free, safe-driver, and multi-car discounts applied.
For a list of insurers who offer car insurance discounts in Kentucky, click this link.