How long has it been since the last time you looked for more affordable BMW 328i insurance in Colorado Springs? No one fancies paying their premiums for insurance, particularly when they could get a better deal.
A recent study showed that 70% of consumers kept buying from the same company for at least the last four years, and 38% of customers have never quoted insurance rates at all. With the average insurance premium being $1,847, American drivers can save hundreds of dollars each year by just comparing quotes, but they underestimate the actual amount they would save if they bought a different policy.
How to find affordable BMW 328i insurance in Colorado Springs
Really, the only way to get affordable BMW 328i insurance is to compare prices regularly from different companies that insure vehicles in Colorado Springs. Rate comparisons can be done by following these guidelines.
- First, take a little time to learn about how insurance works and the steps you can take to prevent rate increases. Many rating factors that result in higher rates such as tickets, at-fault accidents, and a low credit score can be rectified by being financially responsible and driving safely.
- Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide rate quotes for a wide range of insurance providers.
- Third, compare the new quotes to the price on your current policy to see if a cheaper rate is available in Colorado Springs. If you find better rates and switch companies, ensure coverage does not lapse between policies.
The key aspect of shopping around is to try to compare the same amount of coverage on each quote request and and to analyze as many companies as possible. This guarantees a level playing field and the best price quote selection.
Due to the large number of companies and agents to choose from, it can be impossible to locate a more affordable insurer.
This article will help educate you on the best way to quote coverages. If you have car insurance now, you will most likely be able to save money using the concepts covered in this article. Nevertheless, Colorado car owners do need to learn the way companies compete online because rates are impacted by many factors.
Most companies make it easy to get prices for coverage on the web. Getting quotes for BMW 328i insurance in Colorado Springs is pretty painless as you just type in the coverage amounts you desire into the form. When the form is submitted, the company’s rating system automatically orders your credit score and driving record and quotes a price based on these factors. Being able to quote online for BMW 328i insurance in Colorado Springs simplifies rate comparisons, and it’s absolutely necessary to get many rate quotes in order to get the cheapest possible prices on insurance.
If you want to find out if lower rates are available, compare rates now from the companies shown below. If you have coverage now, it’s recommended you type in deductibles and limits exactly as they are listed on your policy. This makes sure you’re receiving rate comparison quotes for exact coverage.
The companies shown below can provide comparison quotes in Colorado. If multiple companies are listed, it’s a good idea that you visit as many as you can to get a more complete price comparison.
Insurance policy discounts for BMW 328i insurance in Colorado Springs
Some insurance providers do not list every policy discount very well, so the next list breaks down a few of the more common and the harder-to-find discounts that you can inquire about if you buy Colorado Springs auto insurance online.
- Paperless Signup – A few larger companies will provide an incentive for buying your policy online.
- Homeowners Savings – Owning your own home or condo may trigger a policy discount on insurance since owning and maintaining a home requires personal responsibility.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more on 328i insurance in Colorado Springs.
- Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can avoid monthly service charges.
- Renewal Discounts – Select insurance companies give a discount for switching to them before your current expiration date. You can save around 10% with this discount.
Please keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like comp or med pay. So even though it sounds like it’s possible to get free car insurance, company stockholders wouldn’t be very happy.
The diagram below shows the comparison of BMW 328i insurance costs with and without discounts applied. The information is based on a female driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, safe-driver, and multi-policy discounts applied.
The best insurance companies and some of the premium reductions they offer are shown below.
- Progressive has discounts for continuous coverage, multi-policy, multi-vehicle, good student, online quote discount, and online signing.
- SAFECO discounts include homeowner, safe driver, bundle discounts, anti-lock brakes, accident prevention training, and drive less.
- American Family has savings for TimeAway discount, multi-vehicle, Steer into Savings, early bird, accident-free, and air bags.
- MetLife may have discounts that include accident-free, defensive driver, good student, good driver, and multi-policy.
- GEICO policyholders can earn discounts including multi-vehicle, driver training, anti-lock brakes, federal employee, defensive driver, good student, and anti-theft.
- The Hartford may include discounts for good student, vehicle fuel type, defensive driver, bundle, driver training, and anti-theft.
If you want affordable Colorado Springs auto insurance quotes, ask every prospective company how you can save money. A few discounts may not apply to policies everywhere. To see companies who offer cheap BMW 328i insurance quotes in Colorado Springs, click this link.
BMW 328i insurance charts and tables
The table shown below showcases detailed analysis of insurance coverage prices for BMW 328i models. Having a good understanding how insurance prices are formulated is important to be able to make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $278 | $496 | $362 | $22 | $108 | $1,266 | $106 |
| 328I 4-Dr Sedan | $278 | $496 | $362 | $22 | $108 | $1,266 | $106 |
| 328I Station Wagon | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| 328I 2-Dr Coupe | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| 328I 2-Dr Coupe | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| 328I xDrive 4-Dr Sedan | $310 | $570 | $362 | $22 | $108 | $1,372 | $114 |
| 328I xDrive 4-Dr Sedan | $310 | $570 | $362 | $22 | $108 | $1,372 | $114 |
| 328I 2-Dr Convertible | $310 | $570 | $362 | $22 | $108 | $1,372 | $114 |
| 328I 2-Dr Convertible | $310 | $570 | $362 | $22 | $108 | $1,372 | $114 |
| 328I 2-Dr Coupe | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| 328I xDrive 2-Dr Coupe | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| 328I xDrive Station Wagon | $310 | $570 | $308 | $18 | $92 | $1,298 | $108 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Colorado Springs garaging location which can affect coverage rates substantially.
Comparison of policy deductibles
One common question asked by Colorado Springs drivers is how high should the deductibles for physical damage be. The premium rates below can help you visualize the rate fluctuation between high and low coverage deductibles. The first data set uses a $100 physical damage coverage deductible and the second rate chart 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 | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price information does not factor in garaging location in Colorado Springs which can influence price quotes noticeably.
Based on these figures, using a $100 deductible costs roughly $44 more each month or $528 a year than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 20 months between claims, you would probably save some money if you choose the higher deductible.
Gender-based insurance rates by age
The example below shows the difference between BMW 328i insurance prices for male and female drivers. The information is based on no accidents, no driving violations, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Comparison of full coverage and liability-only policies
The example below compares BMW 328i premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or driving violations, $250 deductibles, marital status is single, and no discounts are factored in.
Should you be buying full coverage?
There is no clear-cut rule to exclude comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your BMW 328i settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your policy deductible. If you are paying over $200 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some circumstances where only buying liability is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Neighborhood insurance agents
Many people prefer to get advice from a local agent and that is not a bad decision One of the best bonuses of comparing insurance online is that you can find the best rates and also buy local. And buying from local insurance agencies is still important in Colorado Springs.
To help locate an agent, after submitting this simple form, your insurance data is submitted to local insurance agents in Colorado Springs who will give you quotes for your insurance coverage. You don’t have to contact an agency because quoted prices will be sent to your email. It’s the lowest rates and an insurance agent to talk to. If for some reason you want to compare rates from a specific insurance company, don’t hesitate to find their quoting web page and give them your coverage information.
If you need to find a reputable insurance agent or broker, there are two types of insurance agents and how they operate. Insurance agents are categorized either exclusive agents or independent agents.
Independent Insurance Agents (or Brokers)
Independent insurance agents are normally appointed by many insurers so they can write business amongst many companies and help determine which has the cheapest rates. To transfer your coverage to a different company, an independent agent can move your coverage and that require little work on your part. When comparison shopping, you will want to include price quotes from multiple independent agents so that you have a good selection of quotes to compare.
Below is a partial list of independent agents in Colorado Springs who may provide free insurance quotes.
Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 – View Map
CIA-Leavitt Insurance Agency
5585 Erindale Dr #107 – Colorado Springs, CO 80918 – (719) 528-1884 – View Map
Springs Insurance Brokers
1837 Austin Bluffs Pkwy #101 – Colorado Springs, CO 80918 – (719) 268-1300 – View Map
View more Colorado Springs agents
Exclusive Agents
Agents that elect to be exclusive can only quote rates from one company and some examples include State Farm, Allstate and AAA. They generally cannot compare rates from other companies so it’s a take it or leave it situation. They are highly trained on the products they sell and that can be a competitive advantage.
The following are Colorado Springs exclusive agencies that can give you comparison quotes.
Farmers Insurance – Michael Hendrickson
24 S Weber St #135 – Colorado Springs, CO 80903 – (719) 572-5938 – View Map
Dave Beadles – State Farm Insurance Agent
308 W Fillmore St #106 – Colorado Springs, CO 80907 – (719) 632-5433 – View Map
Connie Slater – State Farm Insurance Agent
5731 Silverstone Terrace #120 – Colorado Springs, CO 80919 – (719) 268-9003 – View Map
View more Colorado Springs agents
Selecting an insurance agent should include more criteria than just the price. Any agent in Colorado Springs should be willing to answer these questions.
- Does their agency support local causes in Colorado Springs?
- Is insurance their full-time profession?
- Is coverage determined by price?
- Which company do they place the most coverage with?
- Will the agent help in case of a claim?
- What companies can they write with?
- Does the agency have a positive business rating?
- Does the agent recommend any additional coverage?
When do I need an agent’s advice?
When it comes to buying the best car insurance coverage for your vehicles, there really is not a best way to insure your cars. Each situation is unique so your insurance should reflect that
Here are some questions about coverages that might help in determining whether you might need professional guidance.
- How can I get my company to pay me more for my totaled car?
- What is the ISO rating for a BMW 328i?
- Is my camper covered for physical damage?
- What states are considered no-fault?
- Is my ex-spouse still covered by my policy?
- If my BMW 328i is totaled, can I afford another vehicle?
- If I drive on a suspended license am I covered?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Car insurance coverage information
Knowing the specifics of a car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types found on the average car insurance policy.
Uninsured or underinsured coverage – This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your BMW 328i.
Since a lot of drivers carry very low liability coverage limits (25/50/15), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive protection – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like a broken windshield, damage from a tornado or hurricane, hitting a bird, vandalism and falling objects. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability auto insurance – Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/15 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $15,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against claims such as repair bills for other people’s vehicles, repair costs for stationary objects, attorney fees and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should consider buying higher limits.
The next chart shows why buying minimum limits may not be enough coverage.
Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses like ambulance fees, funeral costs, X-ray expenses and prosthetic devices. They are often utilized in addition to your health insurance plan or if you do not have health coverage. They cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Collision – Collision insurance will pay to fix damage to your 328i resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims like sideswiping another vehicle, colliding with a tree, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible on your 328i to get cheaper collision coverage.
In conclusion
Some insurance providers may not provide the ability to get a quote online and usually these small insurance companies prefer to sell through independent agencies. Cost effective BMW 328i insurance can be sourced on the web in addition to many Colorado Springs insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.
When shopping online for auto insurance, it’s a bad idea to buy poor coverage just to save money. In many instances, someone sacrificed collision coverage only to regret that they should have had better coverage. The goal is to buy the best coverage you can find at the best cost.
How to buy cheaper BMW 328i insurance in Colorado Springs
Truthfully, the best way to find cheaper auto insurance rates in Colorado Springs is to make a habit of regularly comparing prices from providers that insure vehicles in Colorado. You can shop around by following these guidelines.
First, read about coverages and the measures you can control to keep rates low. Many rating criteria that result in higher prices such as careless driving and a not-so-good credit history can be rectified by making minor changes in your lifestyle.
Second, request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can quote prices for a wide range of insurance providers.
Third, compare the new rates to your existing coverage to see if cheaper 328i coverage is available. If you find a lower rate and decide to switch, make sure coverage does not lapse between policies.
One piece of advice is to try to compare identical coverages on each quote and to quote with every insurance company. Doing this ensures a fair rate comparison and a good representation of prices.
Other learning opportunities
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- How Much are Colorado Springs Car Insurance Quotes for Immigrants? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with Accidents in Colorado Springs? (FAQ)
- Who Has Affordable Colorado Springs Car Insurance Rates for Drivers Under 25? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Veterans in Colorado Springs? (FAQ)
- What Car Insurance is Cheapest for College Students in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Quotes for Inexperienced Drivers in Colorado Springs? (FAQ)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)