Unthinkable but true, the vast majority of consumers kept buying from the same company for more than four years, and just short of a majority have never compared insurance rates at all. U.S. consumers could save an average of approximately $850 each year by just comparing rate quotes, but they just don’t understand the big savings they would realize if they switch to a new company.
Truthfully, the best way to find cheaper quotes for BMW 328i insurance is to annually compare prices from insurers that sell auto insurance in Omaha.
- Step 1: Get an understanding of how companies set rates and the measures you can take to prevent rate increases. Many policy risk factors that result in higher rates like traffic citations, accidents, and poor credit history can be amended by paying attention to minor details. Later in this article we will cover ideas to keep prices down and get bigger discounts.
- Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like GEICO or Allstate, while independent agents can provide prices for many different companies.
- Step 3: Compare the new rates to your current policy and determine if cheaper 328i coverage is available in Omaha. If you can save some money, ensure coverage does not lapse between policies.
- Step 4: Provide written notification to your current company of your decision to cancel your current auto insurance policy and submit the required down payment along with the signed application for your new policy. Be sure to put the new certificate verifying proof of insurance in a readily accessible location in your vehicle.
One thing to point out is to try to compare similar deductibles and liability limits on each price quote and and to get rate quotes from as many different insurance providers as possible. This provides a level playing field and and a good selection of different prices.
Insurance policy discounts for BMW 328i insurance in Omaha
Companies that sell car insurance don’t necessarily list all discounts very well, so here is a list some of the best known in addition to some of the lesser obvious discounts that you can inquire about if you buy Omaha auto insurance online. If they aren’t giving you every credit available, you may be paying too high a price.
- Discounts for Multiple Vehicles – Buying insurance for all your vehicles on one policy can reduce the rates for all insured vehicles.
- Student Discounts – Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Mature Driver Discount – If you’re over the age of 55, you may be able to get better insurance rates.
- Paperwork-free – Some insurance companies give back up to $50 get Omaha auto insurance on the internet.
- Renewal Discounts – Some insurance companies reward drivers for switching policies prior to your current 328i insurance policy expiration. This can save 10% or more.
While discounts sound great, it’s important to understand that most discount credits are not given to the whole policy. Most cut the cost of specific coverages such as comprehensive or collision. So when the math indicates you can get free auto insurance, insurance companies aren’t that generous.
The illustration below shows the comparison of BMW 328i car insurance rates with and without discounts applied to the premium. The premium estimates are based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, marriage, safe-driver, homeowner, and multi-car discounts applied.
To see a list of insurance companies with discount rates in Nebraska, follow this link.
Just keep in mind that getting more free quotes will enable you to find more affordable rates. Some companies don’t provide price estimates online, so it’s necessary to compare quotes from the smaller companies as well.
The companies shown below are ready to provide price quotes in Nebraska. If you want to find the cheapest auto insurance in Omaha, we recommend you compare several of them to get a more complete price comparison.
Auto insurance statistics for a BMW 328i
The data table shown below showcases estimates of coverage costs for BMW 328i models. Being more informed about how insurance quotes are determined can be useful when making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $250 | $520 | $390 | $24 | $116 | $1,300 | $108 |
| 328I 4-Dr Sedan | $250 | $520 | $390 | $24 | $116 | $1,300 | $108 |
| 328I Station Wagon | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| 328I 2-Dr Coupe | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| 328I 2-Dr Coupe | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| 328I xDrive 4-Dr Sedan | $280 | $598 | $390 | $24 | $116 | $1,408 | $117 |
| 328I xDrive 4-Dr Sedan | $280 | $598 | $390 | $24 | $116 | $1,408 | $117 |
| 328I 2-Dr Convertible | $280 | $598 | $390 | $24 | $116 | $1,408 | $117 |
| 328I 2-Dr Convertible | $280 | $598 | $390 | $24 | $116 | $1,408 | $117 |
| 328I 2-Dr Coupe | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| 328I xDrive 2-Dr Coupe | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| 328I xDrive Station Wagon | $280 | $598 | $332 | $20 | $100 | $1,330 | $111 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in specific location which can alter premium rates substantially.
Comparison of policy deductibles
One of the hardest decisions when shopping for auto insurance is at what level do you set your deductibles. The rates shown below outline the differences in premium rates when you buy lower versus higher coverage deductibles. The first data set uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| 328I 4-Dr Sedan | $262 | $460 | $300 | $18 | $90 | $1,155 | $96 |
| 328I Station Wagon | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| 328I 2-Dr Coupe | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| 328I 2-Dr Coupe | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| 328I xDrive 4-Dr Sedan | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| 328I xDrive 4-Dr Sedan | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| 328I 2-Dr Convertible | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| 328I 2-Dr Convertible | $292 | $530 | $300 | $18 | $90 | $1,255 | $105 |
| 328I 2-Dr Coupe | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| 328I xDrive 2-Dr Coupe | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| 328I xDrive Station Wagon | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| 328I 4-Dr Sedan | $212 | $370 | $300 | $18 | $90 | $990 | $83 |
| 328I Station Wagon | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| 328I 2-Dr Coupe | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| 328I 2-Dr Coupe | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| 328I xDrive 4-Dr Sedan | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| 328I xDrive 4-Dr Sedan | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| 328I 2-Dr Convertible | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| 328I 2-Dr Convertible | $236 | $428 | $300 | $18 | $90 | $1,072 | $89 |
| 328I 2-Dr Coupe | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| 328I xDrive 2-Dr Coupe | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| 328I xDrive Station Wagon | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Rate quotes do not factor in your specific Omaha location which can increase or decrease premiums noticeably.
Using the data above, we can ascertain that using a $250 deductible costs roughly $15 more each month or $180 every year than requesting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 17 months between claims, you would probably come out ahead if you opt for a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $101 |
| Average monthly premium for $500 deductibles (subtract): | – $86 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
An important sidenote is that raising deductibles to get cheaper rates means you will have to cover more of the damage yourself when you do file a claim. You need to have a higher level of savings in the event you need to pay more for the deductible.
The diagram below highlights how deductible choice and can impact BMW 328i insurance costs for different ages of insureds. The price estimates are based on a single male driver, comp and collision included, and no discounts are applied to the premium.
Auto insurance rates by gender and age in Omaha
The chart below shows the comparison of BMW 328i premium costs for male and female drivers. The rate quotes are based on no accidents or driving violations, comp and collision included, $1,000 deductibles, single marital status, and no other discounts are factored in.
Should you buy full coverage?
The example below compares BMW 328i yearly insurance costs with full coverage and liability only. The rate quotes are based on no claims or driving violations, $100 deductibles, single marital status, and no discounts are applied.
When to eliminate full coverage
There is no definitive rule to stop paying for full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let’s say your BMW 328i book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Eight factors that impact insurance prices
Part of the car insurance buying process is learning the factors that play a part in calculating your policy premiums. If you have a feel for what controls the rates you pay, this helps enable you to make changes that can help you get better car insurance rates.
The following are a partial list of the pieces that factor into your rates.
Marriage reduces risk – Having a significant other may earn you lower rates on your car insurance bill. Having a spouse generally demonstrates drivers are more financially stable and it’s proven that drivers who are married file infrequent claims.
Your occupation can affect premiums – Jobs such as fire fighters, architects, and financial analysts generally pay higher average rates attributed to intense work requirements and incredibly demanding work hours. On the other hand, occupations like professors, athletes and retirees have the lowest average rates.
Liability insurance safeguards assets – The liability section of your policy will afford coverage if a court rules you are at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage which can cost thousands of dollars. Liability insurance is pretty cheap compared to physical damage coverage, so do not skimp.
Policy add-ons could be costing you – There are many optional add-on coverages that may not really be needed on your car insurance policy. Coverages for vanishing deductibles, death and dismemberment, and extra life insurance coverage may be wasting your money. These coverages may sound good when buying your policy, but if you have no use for them get rid of them and save.
Your car’s features help determine car insurance rates – Choosing to buy a car with an alarm system can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder vehicle theft.
More performance means more cost – The make and model of the vehicle you are buying insurance for makes a substantial difference in your car insurance bill. The lowest base rates are usually for small economy passenger cars, but the final cost of insurance is determined by many other factors.
The following data is based on a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The data compares BMW 328i policy rates compared to other models of vehicles that have a range of risk factors.
Your age impacts your costs – Teenage drivers in Nebraska have a tendency to get distracted easily when at the wheel of a vehicle so they pay higher car insurance rates. If you’ve ever had to add a first-time driver onto a policy can cause a big jump in price. Mature drivers are more responsible, tend to file fewer claims, and tend to be get fewer driving tickets.
The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Stay claim-free and lower rates – Insurance companies in Nebraska provide lower rates to insureds who only file infrequent claims. If you are the type of insured that files lots of claims you can expect increased rates or even have your policy non-renewed. Insurance coverage is intended for major claims that would cause financial hardship.
When should I discuss my situation with an agent?
When it comes to adequate coverage, there is no best way to insure your cars. Your needs are unique to you.
These are some specific questions could help you determine if your insurance needs might need professional guidance.
- How many claims can I have before being canceled?
- Who is covered by my policy?
- If I drive on a suspended license am I covered?
- Are my friends covered when driving my car?
- Does having multiple vehicles earn me a discount?
- How can I find cheaper teen driver insurance?
- Does my car insurance cover rental cars?
- How does medical payments coverage work?
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form.
Can’t I compare rate quotes from local Omaha auto insurance agents?
Certain consumers just want to buy from a licensed agent and that is not a bad decision One of the benefits of price shopping on the web is that drivers can save money and get lower rates and still buy from a local agent. And providing support for local insurance agencies is definitely important in Omaha.
After filling out this short form, your insurance data is submitted to local insurance agents in Omaha who will give competitive quotes for your car insurance coverage. You won’t even need to do any legwork since price quotes are sent straight to your inbox. Get lower rates without the usual hassles of price shopping. If you need to get a price quote from a specific car insurance provider, you just need to visit that company’s website and fill out the quote form the provide.
Finding a good provider needs to be determined by more than just the premium amount. Agents should be asked these questions:
- What is the financial rating for the quoted company?
- Who is covered by the car insurance policy?
- Can they give you a list of client referrals?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Can glass claims be handled at your home?
- Will the agent help in case of a claim?
- Do they offer claims assistance after hours?
- Which insurance company do they prefer to write with?
Choosing 328i insurance is an important decision
Even though it can be expensive, insurance is required for several reasons.
- The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to drive the car. In Nebraska 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 lien on your BMW 328i, it’s most likely the lender will stipulate that you buy full coverage to guarantee loan repayment. If the policy lapses, the bank may buy a policy for your BMW for a much higher rate and force you to pay for the expensive policy.
- Insurance protects not only your BMW 328i but also your assets. It also can pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of your driving. If you have damage to your BMW as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance more than cancel out the cost, especially if you ever need it. But the average American driver overpays as much as $865 each year so it’s very important to do a rate comparison at every renewal to ensure rates are inline.
Nebraska car insurance company ratings
Picking a high-quality auto insurance provider can be difficult considering how many companies provide coverage in Nebraska. The company information shown next may help you choose which car insurance providers you want to consider when shopping your coverage around.
Top 10 Omaha Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Top 10 Omaha Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Mercury Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Be persistent to save money
As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where someone dropped physical damage coverage and discovered at claim time that they should have had better coverage. Your aim should be to get the best coverage possible at the best price, but do not skimp to save money.
Consumers switch companies for a number of reasons such as denial of a claim, high prices, delays in paying claims or even not issuing a premium refund. No matter why you want to switch, choosing a new company is less work than it seems.
Cheap BMW 328i insurance in Omaha is available on the web as well as from independent agents in Omaha, and you need to price shop both to have the best selection. There are still a few companies who don’t offer price quotes online and usually these small insurance companies only sell coverage through independent insurance agencies.
Additional detailed information can be found in these articles:
- Understanding Rental Car Insurance (Insurance Information Institute)
- How Much are Auto Insurance Rates for Single Moms in Omaha? (FAQ)
- Who Has Cheap Omaha Auto Insurance Quotes for Used Cars? (FAQ)
- Distracted Driving Statistics (Insurance Information Institute)
- Driving in Bad Weather (Insurance Information Institute)