Want to know an easy way to compare the cheapest auto insurance rates in San Diego, CA? San Diego consumers have lots of choices when looking for the lowest priced BMW M3 insurance. They can either spend hours contacting agents trying to get quotes or save time using the internet to make rate comparisons.
There is a better way to buy auto insurance so you’re going to learn the quickest way to price shop coverage for a new or used BMW and locate the lowest price from San Diego insurance agents and online providers.
Smart consumers take time to do rate comparisons yearly because auto insurance prices trend upward over time. Even if you got the best price on BMW M3 insurance in San Diego on your last policy there may be better deals available now. You can search a lot of M3 insurance online, but you can learn some solid techniques on how to reduce your auto insurance bill.
Cheaper rates with these five discounts
Car insurance is easily one of your largest bills, but you may qualify for discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you purchase, but once in a while a discount must be specially asked for prior to getting the savings. If you don’t get every credit possible, you are throwing money away.
- Telematics Devices – San Diego drivers who agree to allow their insurance company to look at driving manner by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts if they show good driving skills.
- Safe Driver Discount – Safe drivers can pay as much as 50% less than drivers with accidents.
- Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. Earning this discount can benefit you up until you turn 25.
- Own a Home and Save – Owning a home in San Diego can save a few bucks because of the fact that having a home means you have a higher level of financial diligence.
- Driver Safety – Successfully completing a defensive driver course can save you 5% or more if your company offers it.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Most only apply to individual premiums such as liability, collision or medical payments. Even though the math looks like it’s possible to get free car insurance, companies wouldn’t make money that way. But all discounts will help reduce your premiums.
Larger car insurance companies and a summarized list of policyholder discounts are detailed below.
- State Farm policyholders can earn discounts including Drive Safe & Save, driver’s education, student away at school, multiple autos, and passive restraint.
- Esurance may offer discounts for multi-car, good student, claim free, safety device, and homeowner.
- Progressive offers premium reductions for online signing, continuous coverage, online quote discount, good student, multi-vehicle, and multi-policy.
- Liberty Mutual has savings for multi-policy, teen driver discount, preferred payment discount, newly retired, new move discount, and new vehicle discount.
- Auto-Owners Insurance may have discounts that include paperless, group or association, air bags, good student, and mature driver.
- GEICO may include discounts for anti-theft, emergency military deployment, seat belt use, good student, defensive driver, and air bags.
When comparing rates, check with all companies you are considering which discounts you may be entitled to. Some of the earlier mentioned discounts may not be offered in San Diego. To view providers offering car insurance discounts in San Diego, click this link.
Finding a lower price on insurance can be relatively painless. Just spend a few minutes comparing rates to see which company has cheaper San Diego car insurance quotes.
The providers in the list below can provide comparison quotes in San Diego, CA. If multiple companies are shown, it’s highly recommended you visit two to three different companies to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $226 | $460 | $416 | $24 | $124 | $1,250 | $104 |
| M3 CI 2-Dr Coupe | $656 | $1176 | $578 | $34 | $174 | $2,618 | $218 |
| M3 2-Dr Convertible | $496 | $1212 | $500 | $30 | $150 | $2,388 | $199 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate information does not factor in specific San Diego garaging location which can revise price quotes considerably.
Higher deductibles lower rates
The example below demonstrates how choosing different deductibles and can increase or decrease BMW M3 yearly insurance costs for different age groups. The rates are based on a single male driver, full coverage, and no discounts are taken into consideration.
Comparison of auto insurance rates by gender and age in San Diego
The chart below shows the comparison of BMW M3 insurance rates for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full physical damage coverage, $100 deductibles, single marital status, and no discounts are applied.
Insurance rate increases from tickets or accidents
The chart below shows how traffic citations and at-fault collisions can raise BMW M3 car insurance rates for each age group. The rates are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.
Do I need an insurance agent?
Many people just want to get advice from a local agent and often times that is recommended Insurance agents are highly skilled in risk management and help you file claims. One of the benefits of price shopping on the web is that drivers can save money and get better rates and also buy local. Buying from small agencies is still important in San Diego.
After completing this simple form, the quote information is transmitted to companies in San Diego that can give you free San Diego car insurance quotes and help you find cheaper coverage. There is no reason to contact an agency due to the fact that quote results will go to the email address you provide. If you want to get a rate quote from one company in particular, feel free to find their quoting web page and fill out their quote form.
Is an exclusive or independent auto insurance agent right for you?
If you would like to find a reliable insurance agent, there are two types of agencies to choose from. Agents in San Diego can be described as either exclusive or independent. Either one can properly insure your vehicles, but it’s good to learn the subtle differences since it could factor into the type of agent you choose.
Independent Insurance Agents
Independent agencies are not restricted to one company and that allows them to write policies with a variety of different insurance companies and find you cheaper rates. If premiums increase, the agent simply finds a different carrier and you won’t have to switch agencies. When comparing car insurance rates, you definitely need to include price quotes from a few independent agents to get the most accurate price comparison. Most have the option of insuring with companies you’ve never heard of which can save you money.
Featured below are independent agencies in San Diego who may provide price quotes.
- Oversea Insurance Agency, Inc
1274 Scott St – San Diego, CA 92106 – (800) 266-2662 – View Map - Springbrook Insurance Agency
10650 Treena St #105 – San Diego, CA 92131 – (858) 391-3001 ext. 105 – View Map - Curtis Moring Insurance Agency Inc.
5425 Oberlin Dr #201 – San Diego, CA 92121 – (619) 718-7578 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel can only place business with one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot provide prices from multiple companies so they really need to provide good service. Exclusive insurance agents are very knowledgeable on the products they sell which aids in selling service over price. Consumers sometimes use the same agent mostly because of the prominent brand name rather than low price.
Below is a list of exclusive insurance agencies in San Diego willing to provide rate quotes.
- Mike Moore – State Farm Insurance Agent
12880 Rancho Penasquitos Blvd d – San Diego, CA 92129 – (858) 484-1297 – View Map - Allstate Insurance: Brian McMullen
4455 Lamont St #1 – San Diego, CA 92109 – (858) 274-2377 – View Map - Duane Werner – State Farm Insurance Agent
6663 El Cajon Blvd j – San Diego, CA 92115 – (619) 668-5414 – View Map
Picking the best insurance agency should depend on more than just a cheap price quote. Below are some questions you should ask.
- Will high miles depreciate repair valuations?
- How long have they been in business?
- What insurance companies do they work with in San Diego?
- Are claims handled at the agent’s location?
- Do you work with a CSR or direct with the agent?
- Do they offer accident forgiveness?
Buying the right BMW vehicle insurance in California is an important decision
Even though it’s not necessarily cheap to insure a BMW in San Diego, insuring your vehicle is required for several reasons.
First, most states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you bought your BMW M3 with a loan, it’s most likely the lender will force you to have comprehensive coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender will be forced to insure your BMW for a much higher rate and force you to pay for the expensive policy.
Third, insurance safeguards both your car and your assets. It will also pay for all forms of medical expenses incurred in an accident. Liability coverage also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of buying car insurance are without a doubt worth the cost, especially with large liability claims. But the average American driver is wasting up to $830 a year so we recommend shopping around each time the policy renews to save money.
Auto insurance specifics
Having a good grasp of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.
Collision insurance
Collision coverage pays for damage to your M3 resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as scraping a guard rail, hitting a parking meter and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible on your M3 to get cheaper collision coverage.
Liability auto insurance
Liability insurance protects you from damage that occurs to other people or property by causing an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 15/30/5 which stand for $15,000 bodily injury coverage, a total of $30,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims such as loss of income, medical expenses and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible. California requires drivers to carry at least 15/30/5 but you should consider buying higher limits.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for EMT expenses, X-ray expenses and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Protection from uninsured/underinsured drivers
This gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your BMW M3.
Because many people have only the minimum liability required by law (which is 15/30/5), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like hitting a deer, falling objects, damage from flooding, damage from a tornado or hurricane and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Shop around and save
Consumers change insurance companies for any number of reasons including high prices, policy cancellation, lack of trust in their agent or an unsatisfactory settlement offer. No matter why you want to switch, finding a new company is pretty simple and you could end up saving a buck or two.
Low-cost BMW M3 insurance in San Diego can be found from both online companies and from local insurance agents, so you need to quote San Diego car insurance with both in order to have the best chance of saving money. Some insurance providers do not offer the ability to get quotes online and usually these smaller companies work with independent agents.
We just covered a lot of information how to save on BMW M3 insurance in San Diego. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest car insurance rates come from a small mutual company.
To learn more, feel free to browse the resources below:
- Shopping for a Safe Car (Insurance Information Institute)
- Who Has Affordable Car Insurance Rates for Veterans in San Diego? (FAQ)
- How Much are Car Insurance Quotes for a Company Car in San Diego? (FAQ)
- Who Has Cheap Car Insurance for Drivers with Accidents in San Diego? (FAQ)
- How Much is Auto Insurance for State Employees in San Diego? (FAQ)
- Who Has Affordable Auto Insurance for Seniors in San Diego? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)