Save Money on BMW 328i Insurance in Greensboro

Insurance rates BMW 328i in GreensboroHas it been over a year since you last compared quotes for the cheapest BMW 328i insurance in Greensboro? No car owner looks forward to buying car insurance, especially knowing their premiums are too high.

Unbelievable but true according to a study almost 70% of insureds have remained with the same car insurance company for over three years, and nearly 40% of drivers have never compared rate quotes at all. With the average premium in North Carolina being $980, drivers could save 10% every year just by shopping around, but they underestimate the amount of money they would save if they bought a different policy.

Due to the fact that there are so many different company options, it can be challenging to choose the lowest price car insurance provider.

You need to quote other rates as often as possible due to the fact that insurance prices change quite often. If you had the best price on BMW 328i insurance in Greensboro two years ago you can probably find a better rate now. Forget all the misinformation about car insurance because you’re about to learn the proper way to properly buy coverages while reducing your premium.

Quoting and comparing rates for more affordable auto insurance in Greensboro is not as hard as you think. Virtually anyone who is overpaying for auto insurance will find better rates. Although North Carolina vehicle owners need to have an understanding of how insurance companies compete online and take advantage of how the system works.

Choices You Make Can Impact Your Insurance Rates

Many different elements are used when quoting car insurance. Some factors are common sense such as traffic violations, but other criteria are less apparent such as your marital status or how safe your car is.

The following are some of the factors that factor into your premiums.

Use one insurance company and save – Lots of companies provide discounts to people who consolidate policies with them such as combining an auto and homeowners policy. Even if you already get this discount, consumers should still compare other company rates to help ensure you have the lowest rates.

Annual mileage and car insurance costs – Driving more miles each year the higher your rates will be. A lot of companies charge rates based on their usage. Vehicles used primarily for pleasure use cost less to insure compared to those used for work or business. Having the wrong rating on your 328i can cost quite a bit. It’s always a good idea to double check that your vehicle rating is rated on the correct usage.

Accidents can be expensive – Your driving citation history has a lot to do with how much you pay for insurance. Just one chargeable violation can increase rates forty percent or more. Drivers who don’t get tickets tend to pay less for car insurance as compared to careless drivers. Drivers who have serious citations such as DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to prevent a license revocation.

The example below highlights how speeding tickets and fender-benders can raise BMW 328i car insurance rates for different ages of insureds. The premium estimates are based on a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.

Deter theft and save money – Buying a car with a theft deterrent system can help bring down rates. Advanced theft deterrents like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent your vehicle from being stolen.

Know your vehicle’s safety rating – Safer cars can get you lower premiums. These vehicles have better occupant injury protection and reduced instances of injuries translates directly to fewer claims and lower rates for you.

Rates may be lower depending on your job – Jobs such as fire fighters, air traffic controllers, and medical professionals generally have the highest rates attributed to high stress and long work days. On the other hand, occupations such as actors, engineers and performers generally pay rates lower than average.

Teen vs. mature drivers – Inexperience drivers are statistically proven to be more careless with other occupants in the car so auto insurance rates are higher. Older, more experienced drivers tend to be more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets.

The chart below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Bad credit hurts insurance prices – A driver’s credit score can be an important factor in determining what you pay. People with excellent credit tend to be better drivers and file fewer claims than drivers with worse credit. If your credit score is lower than you’d like, you could potentially save money when insuring your BMW 328i by improving your credit score.

BMW 328i detailed coverage information

The table displayed below outlines detailed analysis of insurance rates for BMW 328i models. Having a good understanding how policy rates are calculated is important for you to make smart choices when comparing insurance quotes.


BMW 328i Insurance Rates in Greensboro, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $174 $354 $302 $18 $90 $938 $78
328I 4-Dr Sedan $174 $354 $302 $18 $90 $938 $78
328I Station Wagon $192 $408 $256 $16 $76 $948 $79
328I 2-Dr Coupe $192 $408 $256 $16 $76 $948 $79
328I 2-Dr Coupe $192 $408 $256 $16 $76 $948 $79
328I xDrive 4-Dr Sedan $192 $408 $302 $18 $90 $1,010 $84
328I xDrive 4-Dr Sedan $192 $408 $302 $18 $90 $1,010 $84
328I 2-Dr Convertible $192 $408 $302 $18 $90 $1,010 $84
328I 2-Dr Convertible $192 $408 $302 $18 $90 $1,010 $84
328I 2-Dr Coupe $192 $408 $256 $16 $76 $948 $79
328I xDrive 2-Dr Coupe $192 $408 $256 $16 $76 $948 $79
328I xDrive Station Wagon $192 $408 $256 $16 $76 $948 $79
Get Your Own Custom Quote Go

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can alter coverage rates significantly.

Higher deductibles save money

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The data tables below can help you understand the cost difference between high and low comp and collision deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.


BMW 328i insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
328I 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
328I Station Wagon $242 $440 $212 $12 $64 $995 $83
328I 2-Dr Coupe $242 $440 $212 $12 $64 $995 $83
328I 2-Dr Coupe $242 $440 $212 $12 $64 $995 $83
328I xDrive 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
328I xDrive 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
328I 2-Dr Convertible $242 $440 $250 $14 $74 $1,045 $87
328I 2-Dr Convertible $242 $440 $250 $14 $74 $1,045 $87
328I 2-Dr Coupe $242 $440 $212 $12 $64 $995 $83
328I xDrive 2-Dr Coupe $242 $440 $212 $12 $64 $995 $83
328I xDrive Station Wagon $242 $440 $212 $12 $64 $995 $83
Get Your Own Custom Quote Go

BMW 328i insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $134 $240 $250 $14 $74 $712 $59
328I 4-Dr Sedan $134 $240 $250 $14 $74 $712 $59
328I Station Wagon $150 $276 $212 $12 $64 $714 $60
328I 2-Dr Coupe $150 $276 $212 $12 $64 $714 $60
328I 2-Dr Coupe $150 $276 $212 $12 $64 $714 $60
328I xDrive 4-Dr Sedan $150 $276 $250 $14 $74 $764 $64
328I xDrive 4-Dr Sedan $150 $276 $250 $14 $74 $764 $64
328I 2-Dr Convertible $150 $276 $250 $14 $74 $764 $64
328I 2-Dr Convertible $150 $276 $250 $14 $74 $764 $64
328I 2-Dr Coupe $150 $276 $212 $12 $64 $714 $60
328I xDrive 2-Dr Coupe $150 $276 $212 $12 $64 $714 $60
328I xDrive Station Wagon $150 $276 $212 $12 $64 $714 $60
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price information does not factor in garaging location in Greensboro which can alter coverage rates considerably.

Based on the data above, we can derive that using a $250 deductible will cost you about $23 more each month or $276 annually than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 33 months between claims, you would more than likely save some money by going with a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $84
Average monthly premium for $1,000 deductibles (subtract): – $61
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

The diagram below shows how different deductible levels and can affect BMW 328i yearly insurance costs for each age group. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

BMW 328i insurance rates by gender

The illustration below visualizes the comparison of BMW 328i premium costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are factored in.

Cost difference between full coverage and liability

The information below compares BMW 328i car insurance rates when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no definitive formula of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your BMW 328i settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after paying your policy deductible. If you are paying in excess of $700 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Greensboro auto insurance discounts

Insurance can cost an arm and a leg, but you might find some hidden discounts that can drop the cost substantially. Some of these discounts will be visible at the time you complete a quote, but a few must be requested specifically before you will receive the discount.Save money with discounts

You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The chart below shows the difference between BMW 328i car insurance costs with and without discounts applied to the rates. Data assumes a female driver, no driving violations, no at-fault accidents, North Carolina 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 claim-free, homeowner, safe-driver, multi-car, multi-policy, and marriage discounts applied.

The best auto insurance companies and a summarized list of policyholder discounts can be found below.

When getting free Greensboro auto insurance quotes, it’s a good idea to each company or agent which discounts can lower your rates. Savings may not be offered in Greensboro. If you would like to see a list of insurance companies with the best discounts in Greensboro, click here.

Lower rates by being persistent

Drivers change insurance companies for any number of reasons including unfair underwriting practices, policy cancellation, high prices and even high rates after DUI convictions. Regardless of your reason for switching companies, choosing a new insurance company is pretty easy and you might even save some money in the process.

Low-cost BMW 328i insurance in Greensboro can be bought both online as well as from insurance agents, so get free Greensboro auto insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not offer rate quotes online and many times these regional carriers sell through local independent agents.

In this article, we presented some good ideas how to save on BMW 328i insurance in Greensboro. The most important thing to understand is the more you quote Greensboro auto insurance, the higher the chance of saving money. You may even discover the lowest priced insurance comes from a small mutual company.

Steps to finding cheaper rates for BMW 328i insurance in Greensboro

The easiest way to get budget car insurance rates in Greensboro is to start comparing prices regularly from providers in North Carolina. Rates can be compared by following these guidelines.

First, spend a few minutes and learn about how insurance works and the measures you can take to keep rates down. Many risk factors that result in higher prices such as traffic violations, accidents, and bad credit can be eliminated by making small lifestyle or driving habit changes.

Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple companies.

Third, compare the new quotes to the premium of your current policy to see if a cheaper price is available in Greensboro. If you find a lower rate, ensure coverage does not lapse between policies.

An important bit of advice to remember is that you’ll want to make sure you compare identical coverages on every quote request and and to get rate quotes from every insurance company. This ensures a fair rate comparison and a better comparison of the market.

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