Really, the only way to get the cheapest BMW 328i insurance is to make a habit of regularly comparing prices from providers in Aurora.
- Step 1: Spend a few minutes and learn about what is in your policy and the factors you can control to prevent expensive coverage. Many things that cause high rates like tickets, at-fault accidents, and an imperfect credit rating can be improved by making lifestyle changes or driving safer.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can quote prices from multiple sources.
- Step 3: Compare the new rates to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote, make sure there is no coverage gap between policies.
A tip to remember is to use the same coverage limits and deductibles on every quote request and and to get rate quotes from all possible companies. This ensures a fair rate comparison and plenty of rates choose from.
Smart shoppers know that insurance companies want to keep you from comparing rates. Consumers who rate shop once a year will most likely switch companies because of the high probability of finding coverage at a cheaper rate. A recent car insurance study revealed that consumers who compared rates once a year saved as much as $865 annually compared to those who never shopped around.
If finding the cheapest price for insurance in Aurora is your intention, then having an understanding of the best ways to find and compare insurance rates can make it easier to shop your coverage around.
If you have a current insurance policy or are just looking to switch companies, you will benefit by learning to reduce premiums and still get good coverage. Shopping for the best-priced insurance in Aurora is not as difficult as people think. Smart buyers only have to learn the most efficient way to get comparison rates instantly.
Do you qualify for discounts on BMW 328i insurance in Aurora?
Properly insuring your vehicles can get expensive, but there could be available discounts to help bring down the price. Some of these discounts will be visible at the time you complete a quote, but lesser-known reductions have to be manually applied before you will receive the discount.
- Good Student – Performing well in school may save as much as 25% on a Aurora car insurance quote. This discount can apply up until you turn 25.
- Policy Bundle Discount – If you insure your home and vehicles with one insurance company you may save up to 20% and get you inexpensive BMW 328i insurance in Aurora.
- Safety Course Discount – Taking part in a safe driver course is a good idea and can lower rates and easily recoup the cost of the course.
- Mature Driver Discount – Older drivers may receive a slight reduction on a Aurora car insurance quote.
- Government Employees – Active or retired federal employment could cut as much as 10% off but check with your company.
Keep in mind that most credits do not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way.
The example below shows the comparison of BMW 328i premium costs with and without discounts applied to the policy premium. The prices are based on a female driver, no violations or claims, Colorado state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, marriage, claim-free, and homeowner discounts applied.
Large car insurance companies and a selection of discounts can be found below.
- Progressive may have discounts that include multi-policy, continuous coverage, online signing, multi-vehicle, homeowner, online quote discount, and good student.
- Farmers Insurance policyholders can earn discounts including pay in full, multi-car, alternative fuel, distant student, teen driver, business and professional, and early shopping.
- Farm Bureau may include discounts for youthful driver, multi-vehicle, safe driver, multi-policy, 55 and retired, driver training, and good student.
- State Farm has discounts for driver’s education, defensive driving training, passive restraint, anti-theft, Steer Clear safe driver discount, multiple autos, and safe vehicle.
- GEICO offers premium reductions for seat belt use, anti-lock brakes, five-year accident-free, daytime running lights, military active duty, driver training, and multi-policy.
- SAFECO includes discounts for multi-car, safe driver, anti-lock brakes, drive less, homeowner, teen safe driver, and teen safety rewards.
- Liberty Mutual discounts include new move discount, newly married, teen driver discount, multi-car, exclusive group savings, and newly retired.
When getting a coverage quote, ask all the companies how many discounts you can get. Some of the discounts discussed earlier may not be available in Aurora.
Getting cheap BMW 328i insurance pricing is pretty simple and can save money. The only thing you need to do is spend a few minutes on the computer to get quotes online with multiple companies.
The companies shown below are ready to provide free rate quotes in Aurora, CO. In order to find cheap car insurance in Aurora, it’s a good idea that you visit as many as you can to get the lowest price.
BMW 328i insurance charts and tables
The rate information displayed below covers estimates of insurance prices for BMW 328i models. Having a good grasp of how rates are figured can be useful when making smart choices when purchasing an insurance policy.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
328I 4-Dr Sedan | $172 | $312 | $362 | $22 | $108 | $976 | $81 |
328I 4-Dr Sedan | $172 | $312 | $362 | $22 | $108 | $976 | $81 |
328I Station Wagon | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
328I 2-Dr Coupe | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
328I 2-Dr Coupe | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
328I xDrive 4-Dr Sedan | $192 | $360 | $362 | $22 | $108 | $1,044 | $87 |
328I xDrive 4-Dr Sedan | $192 | $360 | $362 | $22 | $108 | $1,044 | $87 |
328I 2-Dr Convertible | $192 | $360 | $362 | $22 | $108 | $1,044 | $87 |
328I 2-Dr Convertible | $192 | $360 | $362 | $22 | $108 | $1,044 | $87 |
328I 2-Dr Coupe | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
328I xDrive 2-Dr Coupe | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
328I xDrive Station Wagon | $192 | $360 | $308 | $18 | $92 | $970 | $81 |
Get Your Own Custom Quote Go |
Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Table data does not factor in garaging location in Aurora which can affect premiums greatly.
Policy deductible comparison
One of the more difficult decisions when buying car insurance is where should you set your physical damage deductibles. The data tables below lay out the costs and benefits when you buy lower versus higher comp and collision deductibles. The first set of prices uses a $100 deductible for physical damage and the second pricing table uses a $1,000 deductible.
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
328I 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
328I 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
328I Station Wagon | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
328I 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
328I 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
328I xDrive 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
328I xDrive 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
328I 2-Dr Convertible | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
328I 2-Dr Convertible | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
328I 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
328I xDrive 2-Dr Coupe | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
328I xDrive Station Wagon | $380 | $740 | $298 | $18 | $90 | $1,551 | $129 |
Get Your Own Custom Quote Go |
Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
---|---|---|---|---|---|---|---|
328I 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
328I 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
328I Station Wagon | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
328I 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
328I 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
328I xDrive 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
328I xDrive 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
328I 2-Dr Convertible | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
328I 2-Dr Convertible | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
328I 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
328I xDrive 2-Dr Coupe | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
328I xDrive Station Wagon | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
Get Your Own Custom Quote Go |
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Estimates do not factor in vehicle location which can affect prices substantially.
Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $44 more each month or $528 annually than requesting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 20 months between claims, you would probably come out ahead by selecting a higher deductible.
The example below demonstrates how choosing different deductibles and can increase or decrease BMW 328i insurance costs for different age groups. Data assumes a single male driver, full physical damage coverage, and no policy discounts are applied.
Annual premiums for males compared to females
The diagram below shows the difference between BMW 328i car insurance costs for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Full coverage versus liability only rates
The chart below illustrates the comparison of BMW 328i insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The rate quotes are based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no specific rule to delete physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your BMW 328i replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after you pay the deductible. If you are paying in excess of $400 annually for full coverage, then it may be the right time to buy liability only.
There are some cases where removing full coverage is not a good plan. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Auto insurance can get complicated
When choosing coverage online or from an agent, there really isn’t a “perfect” insurance plan. Your needs are not the same as everyone else’s and your auto insurance should unique, too. For instance, these questions might point out if your situation may require specific advice.
- Will my rates increase for filing one claim?
- What is PIP insurance?
- Do I have any recourse if my insurance company denies a claim?
- Why does it cost so much to insure a teen driver in Aurora?
- Are rock-chip repairs free?
- How long can I keep a teen driver on my policy?
- Do I have coverage if I rent a car in Mexico?
- When would I need rental car insurance?
- Am I covered if I drive in a foreign country?
If you can’t answer these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.
Buying auto insurance from Aurora car insurance agents
Certain consumers just want to have an agent’s advice and that is just fine! Professional insurance agents are trained risk managers and give you someone to call. A good thing about getting free rate quotes online is the fact that drivers can get the best rates and still have an agent to talk to. Supporting neighborhood agents is important particularly in Aurora.
To help locate an agent, after submitting this simple form, the coverage information is transmitted to companies in Aurora who want to provide quotes to get your business. It’s much easier because you don’t need to find an agent on your own because prices are sent to your email. If you wish to compare rates from a specific company, feel free to navigate to their website and fill out the quote form the provide.
Exclusive and independent Aurora auto insurance agents
If you’re trying to find a reliable insurance agent, it’s important to understand the different types of agents to choose from. Agencies in Aurora can be described as either independent (non-exclusive) or exclusive. Either one can provide auto insurance policies, but it’s good to learn the difference between them since it may influence your agent selection.
Independent Insurance Agents
Independent insurance agents do not have single company limitations and that allows them to write policies through lots of different companies and find the cheapest rate. If you want to switch companies, an independent agent can move your coverage and the insured can keep the same agent.
When comparing auto insurance prices, we recommend you compare prices from at least one independent agent in order to compare the most rates. Many independent agencies also insure through smaller companies which can be an advantage.
Shown below is a list of independent agents in Aurora that can possibly get you free rate quotes.
- Dickson Insurance Agency
4093 S Olathe Ct – Aurora, CO 80013 – (303) 693-1936 – View Map - Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220 – View Map - MG Insurance Brokers Llc
2600 S Parker Rd # 263 – Aurora, CO 80014 – (303) 309-6200 – View Map
Exclusive Auto Insurance Agencies
Agents of this type can only provide pricing for a single company like Allstate and State Farm. Exclusive agents cannot provide rate quotes from other companies so always compare other rates. Exclusive insurance agents are usually well trained on their company’s products which helps them sell insurance even at higher premiums. Some people will only buy from the same agent for years partially due to loyalty to the company and the convenience of having all coverages with one company.
The following are exclusive agencies in Aurora willing to provide comparison quotes.
- American Family Insurance – Daniel Kane
1730 S Abilene St # I-201 – Aurora, CO 80012 – (303) 873-1277 – View Map - Denise Smith – State Farm Insurance
1278 S Chambers Rd – Aurora, CO 80017 – (303) 343-3515 – View Map - American Family Insurance – Rick Laikola Agency Inc.
3102 S Parker Rd Ste A16 – Aurora, CO 80014 – (303) 696-2666 – View Map
Finding the right insurance agent should depend on more than just a cheap quote. Any agent in Aurora should be forthright in answering these questions:
- How does the company pay claims for a total loss?
- Do they have any clout with companies to ensure a fair claim settlement?
- What are the financial ratings for the companies they represent?
- Do the agents have professional certifications like CPCU or CIC?
- What is the agency’s Better Business Bureau rating?
- Is auto insurance their primary focus in Aurora?
- When do they do a full risk review?
- Does the agency provide any after hours assistance?
If you feel you receive positive feedback to any questions you have and a low price estimate, you may have just found an auto insurance agent that can be trusted to properly insure your vehicles. Just remember you are able to cancel a policy whenever you choose to so don’t think you are locked into a policy indefinitely.
Why auto insurance is not optional
Despite the high cost of buying insurance for a BMW 328i in Aurora, paying for auto insurance may not be optional for several reasons.
- Most states have compulsory liability insurance requirements which means you are required to carry specific limits of liability insurance in order to license the vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your vehicle has a lienholder, almost every bank will make it mandatory that you buy full coverage to guarantee loan repayment. If you do not keep the policy in force, the lender may insure your BMW at a significantly higher premium and require you to reimburse them the higher price.
- Insurance protects both your BMW and your assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance greatly outweigh the cost, especially for larger claims. Today the average American driver is currently overpaying as much as $855 a year so compare quotes from several companies at least once a year to ensure rates are inline.
Insurance coverage basics
Understanding the coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on the average insurance policy.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since many Colorado drivers carry very low liability coverage limits (25/50/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liability limits.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as nursing services, prosthetic devices, dental work, surgery and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible
Liability coverages
Liability coverage can cover damages or injuries you inflict on other’s property or people that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/15 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $15,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for things like emergency aid, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but drivers should carry better liability coverage.
The next chart shows why buying low liability limits may not be high enough to cover claims.
Collision coverage
This will pay to fix damage to your 328i resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like scraping a guard rail, damaging your car on a curb and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible on your 328i in order to get cheaper collision rates.
Comprehensive coverage
This pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things like hitting a bird, vandalism and fire damage. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Insurance savings summarized
Some companies may not have rates over the internet and many times these smaller providers work with independent agents. Budget-friendly insurance in Aurora is definitely available both online in addition to many Aurora insurance agents, so you should be comparing quotes from both so you have a total pricing picture.
You just learned many tips how you can reduce BMW 328i insurance prices online in Aurora. The key thing to remember is the more rate quotes you have, the better your comparison will be. You may even be surprised to find that the best price on insurance is with some of the smallest insurance companies. Some small companies may cover specific market segments cheaper compared to the large companies like Allstate, GEICO and Progressive.
When you buy Aurora car insurance online, never reduce coverage to reduce premium. In many instances, an insured cut comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the best price while not skimping on critical coverages.
More detailed insurance information can be found in the articles below:
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Who Has Cheap Aurora Car Insurance for a Subaru Outback? (FAQ)
- How Much is Auto Insurance for a Nissan Altima in Aurora? (FAQ)
- What Auto Insurance is Cheapest for Handicapped Drivers in Aurora? (FAQ)
- How Much are Aurora Car Insurance Quotes for 18 Year Olds? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Coverage Information (Progressive Insurance)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Understanding your Policy (NAIC.org)