Consumers Five Minute Guide to Quoting BMW 750Li Insurance

Have you had enough of scraping the payment together each month for car insurance? Your situation is no different than many other drivers.

Numerous insurance companies battle to insure your vehicles, so it can be very hard to choose a company and get the best coverage at the lowest price

You should take the time to shop coverage around once or twice a year because rates change regularly. If you had the best price for 750Li coverage two years ago there may be better deals available now. So forget all the misinformation about car insurance because you’re going to get a crash course in the fastest way to save on car insurance.

BMW 750Li rates are made up of many parts

It’s important that you understand the factors that go into determining the price you pay for car insurance. Having a good understanding of what influences your rates enables informed choices that could result in big savings.

Being married is a good thing – Having a wife or husband can get you a discount on your policy. It means you’re more mature and statistics show drivers who are married are more cautious.
More miles equals more premium – The more miles you rack up on your BMW each year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates compared to those used for work or business. Ask your agent if your car insurance policy shows how each vehicle is driven. Incorrect usage on your 750Li may be wasting your money.
Do you work long hours in a high stress job? – Occupations like real estate brokers, executives and financial analysts are shown to have higher average rates attributed to job stress and lengthy work days. Conversely, occupations such as actors, engineers and retirees pay the least for 750Li coverage.
Discounts for multiple policies – The majority of insurers will give a discount to customers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even with this discount, you may still want to compare rates to ensure the best deal.
Safer occupants lowers premiums – Vehicles with high crash test scores are cheaper to insure. Safer cars result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your BMW earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Do you know you’re credit rating? – Credit score is a large factor in calculating your car insurance rates. Therefore, if your credit is lower than you’d like, you could be paying less to insure your BMW 750Li by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure than drivers with poor credit.
You might want pay the small claims yourself – Auto insurance companies award discounts to insureds who do not file claims often. If you are a frequent claim filer, you can definitely plan on higher rates. Car insurance is designed for larger claims.
Do you need those extra coverages? – There are many extra bells and whistles that you can buy if you aren’t careful. Things like personal injury protection, towing coverage and motor club memberships may be costing you every month. These coverages may sound good when talking to your agent, but if you don’t need them remove them from your policy.

Take discounts and save

Companies offering auto insurance don’t always list all available discounts in a way that’s easy to find, so here is a list some of the more common and the harder-to-find savings tricks you should be using.

Homeowners Discount – Being a homeowner may trigger a car insurance policy discount due to the fact that maintaining a home shows financial diligence.
Auto/Home Discount – When you combine your home and auto insurance with the same company you will save up to 20% off your total premium.
Sign Online – A handful of insurance companies will give a small break simply for signing online.
Driver’s Ed – Cut your cost by having your teen driver complete a driver education course in high school.
Passive Restraints and Air Bags – Vehicles with factory air bags can receive discounts of more than 20%.

Consumers should know that most discounts do not apply to the entire cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you could get a free car insurance policy, car insurance companies aren’t that generous.

Price shop online but buy from a local agent

Certain consumers would rather sit down with an agent and that is a personal choice. One of the great benefits of comparing insurance prices online is that you can obtain better rates but also keep your business local.

For easy comparison, once you complete this quick form, the quote information is instantly submitted to local insurance agents who will compete for your coverage. You don’t have to leave your computer because quoted prices will be sent directly to your email. How’s that for easy! You can find the lowest rates AND an agent nearby. insurance prices

Picking an insurance company should depend on more than just a cheap price. These are valid questions to ask:

Which company do they place the most coverage with?
Does the company allow you to choose your own collision repair facility?
Is their price quote a firm figure or are their hidden costs?
How long has their agency been open?
How long have they worked with personal auto insurance coverage?
Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
Do they make recommendations based only on price?

Not all insurance agencies are the same

If you’re trying to find a good insurance agency, there are two types of agencies that differ in how they can insure your vehicles. Insurance agencies can either be captive or independent.

Captive Insurance Agents

This type of agents can only place business with one company and examples are American Family, Liberty Mutual and AAA. They generally cannot compare other company’s rates so they are skilled at selling on more than just price. Captive agencies are trained well in insurance sales and that can be a competitive advantage.

Independent Insurance Agents

These agents are not employed by any specific company so they can insure your vehicles with multiple insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, the agent simply finds a different carrier without you having to go to a different agency. When comparing rates, it’s a good idea to get quotes from at least one independent agent for the best price selection.

For a full directory of agents, visit this page.

After receiving positive responses to your questions and an acceptable price quote, most likely you have located an auto insurance agent that can service your policy.

Don’t be fooled by advertising claims

Car insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all say the same thing that you’ll save big if you switch to their company. How do they all make the same claim? This is how they do it.

All companies are able to cherry pick for the type of customer that is profitable for them. A good example of a preferred risk might be between 25 and 40, owns a home, and has great credit. Any new insured who meets those qualifications receives the best rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who are not a match for the requirements must pay a higher premium and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that much. That’s why insurance companies can make the claims of big savings. This illustrates why it is so important to get as many comparisons as possible. You cannot predict which insurance companies will give you the biggest savings.

In the end, you save

Discount BMW 750Li insurance is definitely available online in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies do not provide you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped uninsured motorist or liability limits only to discover later they didn’t have enough coverage. Your goal should be to get the best coverage possible at the best price, not the least amount of coverage.