Trying to find the cheapest insurance for a new or used BMW 325i in North Carolina can normally be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to shop for auto insurance and you need to know the quickest way to price shop coverage for your BMW and locate the lowest price.
It's a good idea to get comparison quotes on a regular basis because insurance prices change frequently. Even if you got the lowest price on BMW 325i insurance in Raleigh a couple years back there may be better deals available now. Block out anything you think you know about auto insurance because you're going to learn one of the easiest ways to lower your annual insurance bill.
Lower rates by qualifying for these six discounts
Some providers do not advertise all available discounts in a way that's easy to find, so the below list has a few of the more common in addition to some of the lesser obvious discounts that may be available.
- Anti-lock Brake Discount - Cars and trucks with anti-lock braking systems can reduce accidents and earn discounts up to 10%.
- College Student Discount - Any of your kids who are enrolled in a college that is more than 100 miles from Raleigh and don't have a car could get you a discount.
- Early Signing - Select larger companies give a discount for signing up prior to your current 325i insurance policy expiring. Ten percent is about the average savings.
- Homeowners Savings - Simply owning a home may earn you a small savings since owning and maintaining a home requires personal responsibility.
- Drive Safe and Save - Accident-free drivers can get discounts for up to 45% lower rates than drivers with accidents.
- Driver Education Discount - Cut your cost by having your teen driver participate in a local driver's education class in high school.
It's important to understand that most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, nobody gets a free ride.
To view insurance companies that offer some of these discounts in Raleigh, click here to view.
The quickest way to compare rates for BMW 325i insurance in Raleigh is to understand almost all companies actually pay money for the chance to give free rates quotes. To get started, all you need to do is provide information such as your general credit rating, if you lease or own, any included safety features, and whether you are single or married. Your rating data gets sent immediately to multiple car insurance providers and you should receive rate quotes almost instantly.
To start a quote now, click here and enter the information requested.
The following companies provide quotes in North Carolina. If multiple companies are listed, it's highly recommended you visit as many as you can to get the best price comparison.
Situations that may require an agent's advice
Keep in mind that when it comes to choosing a policy, there really is not a single plan that fits everyone. Every insured's situation is different.
For instance, these questions might point out whether you would benefit from professional advice.
- When do I need to add a new car to my policy?
- Should I bundle my homeowners policy with my auto?
- What policy terms are available?
- Why do I only qualify for high-risk insurance?
- When should I drop full coverage on my BMW 325i?
- What is motorclub and do I need it?
- Why do I have to buy liability insurance?
- Does my BMW 325i need full coverage?
- Are my friends covered when driving my car?
If it's difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It's fast, doesn't cost anything and can provide invaluable advice.
Insurance agent or online?
Some people would rather buy from a local agent and we recommend doing that Insurance agents can help determine the best coverages and help submit paperwork. The biggest benefit of getting free rate quotes online is that drivers can save money and get cheap rate quotes and still choose a local agent.
To help locate an agent, after submitting this simple form, the coverage information is emailed to participating agents in Raleigh who want to provide quotes for your insurance coverage. You never need to find an agent on your own since price quotes are sent immediately to your email address. If for some reason you want to compare prices from a particular provider, feel free to navigate to their website and submit a quote form there.
Deciding on an company needs to be determined by more than just a cheap price quote. These are some valid questions you should ask.
- If your car is in the repair shop, do you have coverage for a rental car?
- What insurance companies do they recommend if they are an independent agent?
- Which companies can they place coverage with?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do they have designations such as AIC, CPCU, or CIC?
- If you have an accident, will your rates go up?
- Do you need full coverage on every vehicle?
- Can they help ensure a fair claim settlement?
If you would like to find an insurance agent, there are a couple of types of insurance agents and how they are distinctly different. Agents may be either exclusive or independent (non-exclusive). Both write policy coverage, but it's worth mentioning the difference between them since it can affect buying decisions.
Agents of this type have only one company to place business with such as Farmers Insurance, State Farm, Allstate, and AAA. They are unable to provide prices from multiple companies so if the price isn't competitive there isn't much they can do. Exclusive agents are highly trained on their company's products which helps offset the inability to provide other markets. Some consumers prefer to choose to use a exclusive agent mainly due to high brand loyalty and the convenience of having all coverages with one company.
The following is a short list of exclusive agents in Raleigh that are able to give price quotes.
- John Hill - State Farm Insurance Agent
7320 Six Forks Rd #200 - Raleigh, NC 27615 - (919) 848-0644 - View Map
- Danny Newton - State Farm Insurance Agent
6021 Poyner Village Pkwy #109 - Raleigh, NC 27616 - (919) 875-1955 - View Map
- Anthony Sykes - State Farm Insurance Agent
4030 Wake Forest Rd Ste 106 - Raleigh, NC 27609 - (919) 850-0560 - View Map
Independent Auto Insurance Agencies
Agents of this type can quote rates with many companies so as a result can place your coverage with any number of different companies and find the cheapest rate. If you want to switch companies, they simply switch companies in-house and you don't have to switch agencies.
When comparing auto insurance prices, you absolutely need to include rate quotes from a few independent agents for maximum quote selection. Most also have access to companies you've never heard of which may have better rates.
Listed below are Raleigh independent agencies willing to provide rate quotes.
- Green and Wooten Insurance
800 Salem Woods Dr - Raleigh, NC 27615 - (919) 870-0021 - View Map
- David White Insurance Agency
6512 Six Forks Rd #102c - Raleigh, NC 27615 - (919) 870-9191 - View Map
- Carolina Insurance Professionals
5540 Centerview Dr - Raleigh, NC 27606 - (919) 285-4732 - View Map
After you get good feedback and a low price estimate, it's possible that you found a car insurance agent that can be trusted to adequately provide auto insurance. Keep in mind you can always cancel your policy at any point so never feel that you're stuck with any specific agency for a certain time period.
Insuring your vehicle just makes sense
Despite the high insurance cost for a BMW 325i in Raleigh, car insurance may be required for several reasons.
First, the majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability in order to drive the car legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your vehicle, almost every bank will force you to have physical damage coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may buy a policy for your BMW at a much higher premium rate and require you to pay a much higher amount than you were paying before.
Third, car insurance preserves both your BMW and your personal assets. It also can pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance will also pay to defend you if anyone sues you for causing an accident. If your BMW gets damaged, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of insuring your car greatly outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $869 every year so you should quote rates at every renewal to ensure rates are inline.
Insurance coverage specifics
Having a good grasp of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.
This coverage will pay to fix damage to your 325i caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as sustaining damage from a pot hole, scraping a guard rail, hitting a parking meter, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible on your 325i to bring the cost down.
Coverage for liability
Liability coverage will cover damage that occurs to other's property or people by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 30/60/25 that means you have $30,000 bodily injury coverage, $60,000 for the entire accident, and $25,000 of coverage for damaged property.
Liability can pay for claims like emergency aid, medical services and repair bills for other people's vehicles. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible. North Carolina state law requires minimum liability limits of 30/60/25 but it's recommended drivers buy more coverage.
Uninsured and underinsured coverage
This coverage protects you and your vehicle when the "other guys" are uninsured or don't have enough coverage. This coverage pays for injuries sustained by your vehicle's occupants and also any damage incurred to your BMW 325i.
Due to the fact that many North Carolina drivers carry very low liability coverage limits (which is 30/60/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like nursing services, EMT expenses, prosthetic devices, hospital visits and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like rock chips in glass, fire damage, falling objects and damage from flooding. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.
Shop around and save
You just learned a lot of information how to get a better price on BMW 325i insurance in Raleigh. The most important thing to understand is the more quotes you get, the better chance you'll have of finding affordable BMW 325i insurance quotes. Drivers may even discover the lowest premium rates are with a lesser-known regional company.
Lower-priced BMW 325i insurance in Raleigh can be bought on the web and from local agencies, so you need to shop Raleigh car insurance with both to get a complete price analysis. Some auto insurance companies don't offer online quoting and many times these regional carriers work with independent insurance agencies.
Consumers who switch companies do it for any number of reasons including delays in paying claims, high prices, high rates after DUI convictions and denial of a claim. It doesn't matter what your reason, choosing a new company is easier than you think.
Additional learning opportunities
- Teen Driving and Texting (State Farm)
- How Much is Auto Insurance for a Jeep Wrangler in North Carolina? (FAQ)
- Who Has Affordable North Carolina Car Insurance Rates for Safe Drivers? (FAQ)
- What Auto Insurance is Cheapest for Infrequent Drivers in North Carolina? (FAQ)
- How Much is Auto Insurance for Uninsured Drivers in North Carolina? (FAQ)
- What Car Insurance is Cheapest for a 20 Year Old Female in North Carolina? (FAQ)
- Which Company has the Cheapest Auto Insurance in High Point, NC? (FAQ)
- What is the Best Car Insurance in Charlotte, NC? (FAQ)
- What is the Cheapest Auto Insurance in Apex, North Carolina? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Teen Driving Statistics (iihs.org)
- Frontal Crash Tests (iihs.org)
- Rental Car Insurance Tips (Insurance Information Institute)