Car Insurance Rates for a BMW 328i in Arlington

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A recent auto insurance study revealed that a large majority of drivers have been with the same company for over three years, and roughly 40% of drivers have never taken the time to shop around. Texas drivers could save nearly $1,800 every year just by shopping around, but they just don't want to do a rate comparison.

Insurance for BMW 328iThe recommended way to get budget BMW 328i insurance is to compare quotes annually from providers who sell insurance in Arlington.

Step 1: Learn about policy coverages and the measures you can control to keep rates down. Many risk factors that cause rate increases such as speeding tickets, accidents and a poor credit rating can be eliminated by making minor changes in your lifestyle. Keep reading for additional ideas to help prevent costly coverage and earn larger discounts.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while independent agencies can give you price quotes from many different companies.

Step 3: Compare the price quotes to your current policy and see if you can save money. If you can save money, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your current coverage. Submit the required down payment along with the signed application to your new company or agent. When you receive it, put the proof of insurance certificate in your vehicle.

One key aspect of rate comparisons is to make sure you're comparing identical coverage information on every quote and and to get quotes from every insurance company. This guarantees the most accurate price comparison and a thorough price selection.

Facts and figures for BMW 328i insurance

The price information below covers different insurance policy prices for BMW 328i models. Being more informed about how insurance quotes are formulated can be of help when making decisions when choosing a new policy provider.

BMW 328i Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $300 $580 $514 $30 $154 $1,578 $132
328I 4-Dr Sedan $300 $580 $514 $30 $154 $1,578 $132
328I Station Wagon $334 $668 $438 $26 $130 $1,596 $133
328I 2-Dr Coupe $334 $668 $438 $26 $130 $1,596 $133
328I 2-Dr Coupe $334 $668 $438 $26 $130 $1,596 $133
328I xDrive 4-Dr Sedan $334 $668 $514 $30 $154 $1,700 $142
328I xDrive 4-Dr Sedan $334 $668 $514 $30 $154 $1,700 $142
328I 2-Dr Convertible $334 $668 $514 $30 $154 $1,700 $142
328I 2-Dr Convertible $334 $668 $514 $30 $154 $1,700 $142
328I 2-Dr Coupe $334 $668 $438 $26 $130 $1,596 $133
328I xDrive 2-Dr Coupe $334 $668 $438 $26 $130 $1,596 $133
328I xDrive Station Wagon $334 $668 $438 $26 $130 $1,596 $133
Get Your Own Custom Quote Go

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium amounts do not factor in your specific Arlington location which can increase or decrease rates greatly.

Higher deductibles lower rates

One of the most common car insurance questions is how low should you set your deductibles. The data tables below lay out the price difference between low and high coverage deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second pricing table uses a $500 deductible.

BMW 328i insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
328I 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
328I Station Wagon $412 $804 $324 $20 $96 $1,681 $140
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive 4-Dr Sedan $412 $804 $382 $22 $114 $1,759 $147
328I xDrive 4-Dr Sedan $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Convertible $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Convertible $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive Station Wagon $412 $804 $324 $20 $96 $1,681 $140
Get Your Own Custom Quote Go
BMW 328i insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $270 $472 $382 $22 $114 $1,260 $105
328I 4-Dr Sedan $270 $472 $382 $22 $114 $1,260 $105
328I Station Wagon $300 $542 $324 $20 $96 $1,282 $107
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive 4-Dr Sedan $300 $542 $382 $22 $114 $1,360 $113
328I xDrive 4-Dr Sedan $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive Station Wagon $300 $542 $324 $20 $96 $1,282 $107
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Estimates do not factor in vehicle garaging location which can change price quotes significantly.

Based on this data, using a $100 deductible costs an average of $32 more each month or $384 every year than opting for the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 13 months between claim filings, you would save more money if you opt for a higher deductible.

Save money on BMW 328i insurance in Arlington with these seven discounts

Insurance is not cheap nor is it fun to buy but there could be available discounts to cut the cost considerably. Certain discounts will be applied at the time of purchase, but a few need to be manually applied before they will apply.Insurance discounts

  • Service Members Pay Less - Having a deployed family member may lower your premium rates slightly.
  • Early Switch Discount - A few insurance companies give discounts for switching to them prior to the expiration date on your current 328i insurance policy. This can save 10% or more.
  • Discounts for Multiple Vehicles - Purchasing coverage when you have several vehicles on one policy can reduce rates for all insured vehicles.
  • 55 and Retired - If you qualify as a senior citizen, you could receive a small decrease in premiums.
  • Paper-free Discount - Certain companies will provide an incentive for buying your policy on your computer.
  • Theft Prevention System - Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
  • Government Employee Discount - Having worked for a branch of the government can save as much as 8% with some insurance companies.

A quick disclaimer, many deductions do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Even though the math looks like you can get free auto insurance, that's just not realistic.

The diagram below shows the comparison of BMW 328i yearly insurance costs with and without discounts applied to the policy rates. The premiums are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, marriage, multi-policy, and claim-free discounts applied.

Popular insurance companies and their possible discounts are:

  • State Farm may have discounts that include good driver, multiple autos, Steer Clear safe driver discount, passive restraint, good student, and anti-theft.
  • Progressive includes discounts for online quote discount, good student, multi-vehicle, continuous coverage, homeowner, and online signing.
  • Travelers offers premium reductions for home ownership, multi-policy, new car, save driver, student away at school, early quote, and driver training.
  • American Family has savings for bundled insurance, good driver, multi-vehicle, TimeAway discount, air bags, defensive driver, and accident-free.
  • Liberty Mutual discounts include newly married, safety features, multi-car, preferred payment discount, new vehicle discount, and exclusive group savings.

Before buying, ask each insurance company which discounts they offer. Some discounts listed above might not be available to policyholders in your area.

Learn about auto insurance coverages for a BMW 328i

Having a good grasp of your policy can be of help when determining the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive coverage - This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as theft, damage from flooding and fire damage. The highest amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it's probably time to drop comprehensive insurance.

Collision coverage - Collision insurance pays for damage to your 328i resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like sustaining damage from a pot hole, driving through your garage door and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible on your 328i in order to get cheaper collision rates.

Liability auto insurance - Liability coverage can cover damages or injuries you inflict on other's property or people that is your fault. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 30/60/25 which stand for $30,000 in coverage for each person's injuries, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against things like legal defense fees, repair bills for other people's vehicles, emergency aid and medical services. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford. Texas requires drivers to carry at least 30/60/25 but drivers should carry better liability coverage.

The illustration below demonstrates why buying minimum limits may not be high enough to cover claims.

Medical payments coverage and PIP - Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for prosthetic devices, chiropractic care and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage - This coverage provides protection when the "other guys" either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your BMW 328i.

Since many Texas drivers only carry the minimum required liability limits (30/60/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages do not exceed the liability coverage limits.

Smart consumers save more

You just read a lot of ways to reduce BMW 328i insurance prices online in Arlington. It's most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even discover the most savings is with a small mutual company.

As you prepare to switch companies, make sure you don't buy poor coverage just to save money. Too many times, drivers have reduced uninsured motorist or liability limits only to regret that it was a big mistake. The goal is to buy a smart amount of coverage at the best possible price but still have enough coverage for asset protection.

More affordable car insurance in Arlington is definitely available on the web as well as from independent agents in Arlington, and you need to comparison shop both to get a complete price analysis. Some companies do not provide online quoting and usually these small, regional companies only sell coverage through local independent agencies.

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