Do you need a better way to compare more competitive BMW M3 insurance in Atlanta? If you are a novice to online insurance shopping, there’s a good chance you are overwhelmed thanks to all the different types local agents and online companies all advertising big savings for BMW M3 insurance in Atlanta.
Shockingly, the vast majority of consumers have bought insurance from the same company for a minimum of four years, and just short of a majority have never shopped around. Consumers in Atlanta can cut their rates by approximately $960 a year just by shopping around, but most tend to underestimate how much savings they would realize if they swap their current policy for a cheaper one.
You should make it a habit to get comparison quotes every six months since prices are rarely the same from one policy term to another. Despite the fact that you may have had the lowest quotes on BMW M3 insurance in Atlanta at your last renewal there is a good chance you can find better rates now. There is a lot of bad information regarding M3 insurance on the web, but in this article, you’re going to get some solid techniques on how to put money back in your pocket.
Choosing the best rates in Atlanta can really be easy if you know what you’re doing. Practically every car owner who is shopping for insurance most likely will get better rates. Nevertheless, Georgia consumers benefit from understanding how big insurance companies sell online and apply this information to your search.
How to get Atlanta BMW M3 insurance rate quotes
Most major insurance companies give prices for coverage directly from their websites. Doing online quotes for BMW M3 insurance in Atlanta is fairly straightforward as you just type in your personal and coverage information as requested by the quote form. Once entered, their system makes automated requests for your driving record and credit report and provides a quote based on the data you entered.
Quoting online for BMW M3 insurance in Atlanta makes it a lot easier to compare rates and it is imperative to perform this step in order to get lower-cost auto insurance pricing.
In order to find out what other companies charge, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it’s recommended you enter coverages and limits identical to your current policy. This guarantees you will get rate quotes using the same coverage and limits.
The providers in the list below offer quotes in Georgia. If more than one company is shown, we suggest you visit several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $224 | $484 | $414 | $24 | $124 | $1,270 | $106 |
| M3 CI 2-Dr Coupe | $292 | $602 | $378 | $22 | $114 | $1,408 | $117 |
| M3 2-Dr Convertible | $400 | $890 | $378 | $22 | $114 | $1,804 | $150 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Georgia minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in your specific Atlanta location which can impact premiums considerably.
Higher deductibles lower rates
The diagram below shows how choosing a deductible and can affect BMW M3 insurance costs for each different age category. The premiums are based on a married male driver, comp and collision included, and no discounts are factored in.
Can higher deductibles save money?
One of the most common car insurance questions is which deductibles should you choose. The following insurance rates determine the premium difference between low and high physical damage deductibles. The first data table uses a $250 deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $422 | $786 | $394 | $24 | $118 | $1,769 | $147 |
| M3 CI 2-Dr Coupe | $460 | $878 | $394 | $24 | $118 | $1,899 | $158 |
| M3 2-Dr Convertible | $460 | $878 | $394 | $24 | $118 | $1,899 | $158 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $342 | $634 | $394 | $24 | $118 | $1,512 | $126 |
| M3 CI 2-Dr Coupe | $374 | $708 | $394 | $24 | $118 | $1,618 | $135 |
| M3 2-Dr Convertible | $374 | $708 | $394 | $24 | $118 | $1,618 | $135 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Georgia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in specific Atlanta garaging location which can alter coverage rates noticeably.
Based on the data above, we can derive that using a $250 deductible will cost you about $22 more each month or $264 every year than choosing the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 11 months between claim filings, you would come out ahead if you opt for a higher deductible.
Insurance policy discounts you can’t miss
Auto insurance companies don’t always list every possible discount in a way that’s easy to find, so the following list contains some of the best known and the more hidden credits that you can use to lower your rates.
- Accident Free – Insureds who avoid accidents and claims can save substantially compared to insureds who have frequent claims or accidents.
- Fewer Miles Equal More Savings – Fewer annual miles on your BMW could earn cheaper premium rates.
- Discount for Good Grades – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
- Accident Forgiveness – This isn’t a discount exactly, but certain companies will turn a blind eye to one accident without getting socked with a rate hike if your claims history is clear prior to the accident.
- New Car Discount – Buying a new car model can save up to 30% since newer models are generally safer.
- Professional Memberships – Participating in specific professional or occupational memberships or organizations is a simple method to lower premiums on your policy.
- College Student – Older children who are attending college and won’t have access to an insured vehicle may qualify for this discount.
Discounts save money, but please remember that some credits don’t apply to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount should help reduce the cost of coverage.
To locate companies with significant discounts in Georgia, follow this link.
Buying from insurance agencies
A lot of people just prefer to go talk to an agent and that is OK! One of the great benefits of price shopping on the web is you may find cheap insurance quotes but still work with a licensed agent.
Upon completion of this short form, your insurance coverage information is instantly submitted to local insurance agents who will give you quotes to get your business. It makes it easy because there is no need to find an agent because quoted prices will be sent to your email. You’ll get the best rates without a big time investment. If you need to get a rate quote from a specific insurance company, you would need to visit that company’s website and fill out the quote form the provide.
Picking an provider requires you to look at more than just a cheap quote. Any agent in Atlanta should be willing to answer these questions.
- Does the agency provide any after hours assistance?
- Does the agent help file claims?
- Do they specialize in personal lines coverage in Atlanta?
- Which companies do they recommend if they are an independent agency?
- What insurance companies do they work with in Atlanta?
- Are they able to provide referrals?
When finding a reliable agent, it’s helpful to know the different types of agents and how they can service your needs differently. Atlanta agents are either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
Agents that choose to be exclusive normally can only provide a single company’s rates like Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are usually quite knowledgeable on their company’s products and that enables them to sell even at higher rates. Many people use the same agent primarily because of the brand rather than low rates.
The following is a short list of exclusive agencies in Atlanta willing to provide price quote information.
- Trevor Nollner – State Farm Insurance Agent
881 Ponce De Leon Ave NE #17 – Atlanta, GA 30306 – (678) 515-8297 – View Map - Eddie Sanders – State Farm Insurance Agent
47 Perimeter Center E #130 – Atlanta, GA 30346 – (770) 394-5068 – View Map - Allstate Insurance: Arlisher Jones
1176 Ralph David Abernathy Blvd SW – Atlanta, GA 30310 – (404) 752-7056 – View Map
Independent Insurance Agencies
Agents that choose to be independent are not required to write business for one company so as a result can place your coverage with an assortment of companies and help determine which has the cheapest rates. If they find a cheaper price, your agent can switch companies and you don’t have to do anything.
If you need cheaper insurance rates, you absolutely need to contact several independent agencies to have the most options to choose from. Most have the option of insuring with smaller mutual companies who may have lower rates.
Below are independent agents in Atlanta willing to provide price quotes.
- White and White Insurance
2882 E Point St – Atlanta, GA 30344 – (404) 766-9390 – View Map - Perimeter Insurance Agency
5855 Buford Hwy NE # E – Atlanta, GA 30340 – (770) 452-8881 – View Map - Morris and Templeton Insurance
3405 Piedmont Rd NE #500 – Atlanta, GA 30305 – (912) 355-4549 – View Map
What Affects BMW M3 Insurance Prices?
Consumers need to have an understanding of the factors that come into play when calculating the rates you pay for car insurance. If you understand what controls the rates you pay, this enables informed choices that will entitle you to cheaper rates. Lots of factors are taken into consideration when you get a price on insurance. Some are obvious such as your driving history, but some are not quite as obvious like your continuous coverage and annual miles driven.
Do you save by driving less? – Driving a lot of miles in a year the higher your rates will be. Almost all companies price each vehicle’s coverage based on their usage. Cars and trucks used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. Make sure your car insurance policy states the correct driver usage, because improper ratings can cost you money. An incorrectly rated M3 is just wasting money.
More traffic equals higher costs – Residing in less populated areas of the country can save you money when it comes to car insurance. Lower population means less chance of accidents. Urban drivers regularly have much more traffic and higher rates of accident claims. The longer drive time means a statistically higher chance of an accident.
Raise your deductibles for better prices – Comprehensive and collision coverage deductibles define how much you are willing to pay if a claim is determined to be covered. Physical damage protection, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply are rearending another vehicle, hail damage, and damage from wind. The more money you pay before a claim is paid (deductible), the less your car insurance will be.
How many coverages with the same company – Most companies will give discounts to people who have multiple policies with them in the form of a multi-policy discount. This can amount to five, ten or even twenty percent. Even if you’re getting this discount drivers will still want to compare other Atlanta M3 insurance rates to help guarantee you have the best rates. You may still save even more even if you insure with multiple companies
BMW M3 historical loss data – Auto insurance companies use historical loss data when they calculate premium rates for each model. Models that the statistics show to have a higher amount or frequency of claims will have higher rates for specific coverages. The data below shows the historical insurance loss data for BMW M3 vehicles.
For each policy coverage, the claim probability for all vehicles averaged together is equal to 100. Values under 100 are indicative of better than average losses, while percentage numbers above 100 indicate more frequent losses or a tendency for losses to be larger than average.
Auto Insurance Loss Data for BMW M3 Models
| Specific BMW Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| BMW M3 4dr | 302 | 186 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why you need BMW vehicle insurance in Georgia
Even though Atlanta M3 insurance rates can get expensive, paying for car insurance is required in Georgia but also provides important benefits.
- Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance if you drive a vehicle. In Georgia these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, it’s most likely the lender will have a requirement that you have comprehensive coverage to ensure loan repayment if the vehicle is totalled. If you do not pay your insurance premiums, the bank may insure your BMW at a much higher premium rate and force you to pay much more than you were paying before.
- Car insurance preserves both your assets and your vehicle. Insurance will also pay for many types of medical costs that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of buying enough insurance more than offset the price you pay, specifically if you ever have a liability claim. But the average American driver overpays as much as $865 each year so shop around at every policy renewal to be sure current rates are still competitive.
Smart consumers save more
Consumers who switch companies do it for many reasons like policy non-renewal, extreme rates for teen drivers, being labeled a high risk driver or even delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
Budget-friendly insurance in Atlanta can be sourced both online in addition to many Atlanta insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies don’t offer online price quotes and these smaller providers provide coverage only through independent insurance agencies.
We just presented a lot of techniques to shop for BMW M3 insurance online. The key thing to remember is the more price quotes you have, the higher your chance of finding affordable Atlanta car insurance quotes. You may even find the lowest premium rates come from the smaller companies.
More information
- Teen Driver Licensing Information (iihs.org)
- Who Has Cheap Atlanta Auto Insurance Quotes for 18 Year Olds? (FAQ)
- Who Has Affordable Atlanta Car Insurance for Drivers Over Age 50? (FAQ)
- How Much is Atlanta Car Insurance for a Chevrolet Silverado? (FAQ)
- Who Has Affordable Atlanta Car Insurance for Drivers Under 21? (FAQ)
- Who Has Affordable Auto Insurance for a Nissan Rogue in Atlanta? (FAQ)
- Distracted Driving (Insurance Information Institute)
- Auto Theft Statistics (Insurance Information Institute)
- Get the Right Protection (InsureUonline.org)
- State Car Insurance Guides (GEICO)