Compare BMW M3 Insurance Rates in Austin

How many times have you said it’s time to compare low-cost BMW M3 insurance in Austin? Purchasing more affordable Austin BMW M3 insurance quotes can appear to be challenging for drivers that are not comfortable with quoting and price shopping on the internet. With a ridiculous number of companies competing online, how can drivers have the ability to compare every company in order to find better car insurance prices?

Insurance rates BMW M3 in AustinShocking but true, the vast majority of consumers in Texas have been with the same company for over three years, and virtually 40% of consumers have never shopped around. Drivers in the United States could save 47% a year just by comparing rates, but they underestimate how much they could save if they just switched companies.

The goal of this article is to teach you the best way to quote coverages and some money-saving tips. If you currently have auto insurance, you should be able to reduce the price you pay using these tips. Although Texas car owners benefit from understanding how big insurance companies sell online because rates fluctuate considerably.

When price shopping your coverage, comparing a large number of companies provides better odds of finding better pricing. Not every company does price estimates online, so you should also compare prices from them, too.

The auto insurance companies shown below are ready to provide free quotes in Texas. If multiple providers are shown, it’s highly recommended you visit several of them in order to find the lowest rates.

BMW M3 Insurance Costs in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $216 $470 $430 $26 $128 $1,270 $106
M3 CI 2-Dr Coupe $508 $850 $500 $30 $150 $2,038 $170
M3 2-Dr Convertible $384 $876 $430 $26 $128 $1,844 $154
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price information does not factor in zip code location which can decrease or increase coverage prices significantly.

An analysis of deductible level

The information below shows how choosing a deductible and can influence BMW M3 premium costs for different age groups. The data is based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Bad driving habits will cost you more

The diagram below highlights how traffic violations and at-fault fender-benders increase BMW M3 insurance costs for each age group. The rates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Can higher deductibles save money?

One frequently asked question is at what level do you set your deductibles. The following insurance rates can help you visualize how much more rates are when you choose different comp and collision deductibles. The first set of rates uses a $100 physical damage deductible and the second data table uses a $500 deductible.

BMW M3 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $454 $908 $382 $22 $114 $1,905 $159
M3 CI 2-Dr Coupe $496 $1014 $382 $22 $114 $2,053 $171
M3 2-Dr Convertible $496 $1014 $382 $22 $114 $2,053 $171
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BMW M3 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $332 $614 $382 $22 $114 $1,464 $122
M3 CI 2-Dr Coupe $362 $686 $382 $22 $114 $1,566 $131
M3 2-Dr Convertible $362 $686 $382 $22 $114 $1,566 $131
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in specific zip code location which can lower or raise coverage prices substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs an average of $39 more each month or $468 every year than selecting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you average more than 10 months between claims, you would save money if you choose a higher deductible.

Take policy discounts and save on BMW M3 insurance in Austin

Some providers don’t necessarily list all available discounts very clearly, so the next list breaks down both well-publicized and the more hidden credits available to you.Insurance discounts

One thing to note about discounts is that most discounts do not apply to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. So even though you would think you could get a free insurance policy, it doesn’t quite work that way. Any amount of discount will positively reduce your policy premiums.

A partial list of companies that may have most of the discounts above include:

Check with each company or agent which discounts they offer. A few discounts might not apply in Austin. If you would like to choose from a list of insurance companies that have a full spectrum of discounts in Austin, click here.

Local Austin insurance agents

Some people just want to talk to a local agent and doing so can bring peace of mind An additional benefit of comparing rate quotes online is you may find lower rates but still work with a licensed agent. And buying from local agents is important particularly in Austin.

Insurance agents in AustinTo help locate an agent, after submitting this short form, your insurance coverage information is emailed to agents in your area who will return price quotes for your insurance coverage. There is no reason to visit any agencies as quotes are delivered directly to you. You’ll get the best rates without the usual hassles of price shopping. If you need to get a price quote from a specific insurance company, you would need to find their quoting web page and give them your coverage information.

Best car insurance agent in Austin

If you are searching for a good Austin insurance agent, it’s helpful to know the different types of agencies that you can choose from. Auto insurance policy providers can either be independent (non-exclusive) or exclusive.

Independent Agencies or Brokers

Agents that choose to be independent are not limited to a single company and that allows them to write policies through many companies and find you the best rates. If they find a lower price, your policy is moved internally and that require little work on your part. When searching for an agent, we recommend you include rate quotes from independent agents to have the most options to choose from. Most also write with lesser-known insurance companies which can save you money.

Listed below is a short list of independent agencies in Austin that may be able to give price quote information.

More Austin agents

Exclusive Auto Insurance Agencies

These agents write business for a single company and some examples include State Farm, Allstate and AAA. Exclusive agents are unable to give you multiple price quotes so they have no alternatives for high prices. Exclusive agents are trained well on what they offer which helps them sell insurance even at higher premiums. A lot of people use the same exclusive agent primarily because of loyalty to the company and the convenience of having a single billing for all their coverages.

The following are Austin exclusive agents that can give you price quotes.

More Austin agents

Finding the right insurance agent should depend on more than just a cheap quote. The answers to these questions are important, too.

Lower Your Austin Insurance Rates

Lots of things are part of the calculation when premium rates are determined. Some are pretty understandable like a motor vehicle report, but others are less obvious such as whether you are married and annual miles driven.

The items below are just a few of the factors used by your company to calculate your rates.

Protect your M3 and other assets

Even though Austin M3 insurance rates can get expensive, maintaining insurance may be required for several reasons.

The benefits of buying car insurance are without a doubt worth the cost, especially if you ever need it. According to a 2015 survey, the average American driver is wasting up to $855 a year so shop around each time the policy renews to ensure rates are inline.

Quote more to save more

We covered many ways to compare BMW M3 insurance rates in Austin. The most important thing to understand is the more times you quote, the better your chances of lowering your auto insurance rates. Consumers may even find the most savings is with some of the smallest insurance companies.

When buying insurance coverage, you should never buy less coverage just to save a little money. In many cases, an insured cut full coverage and discovered at claim time they didn’t purchase enough coverage. The ultimate goal is to buy enough coverage at the best possible price, but do not skimp to save money.

Low-cost BMW M3 insurance in Austin can be purchased on the web as well as from independent agents in Austin, so you should compare both to have the best selection. Some insurance providers do not offer price quotes online and many times these smaller companies prefer to sell through local independent agents.

More tips and info about car insurance can be found by following these links: