Do you want lower-priced car insurance rates in Long Beach, CA? Long Beach buyers have a choice when searching for low-cost BMW M3 insurance. They can either waste time struggling with agents to get rate comparisons or use the internet to make rate comparisons.
There is a right way and a wrong way to shop for car insurance so we’re going to tell you the best way to quote coverages for a new or used BMW and find the best price possible.
You need to check car insurance prices before your policy renews because insurance rates change frequently. Even if you think you had the best rate on BMW M3 insurance in Long Beach six months ago the chances are good that you can find a lower price today. Forget all the misinformation about car insurance because you’re going to get a crash course in one of the quickest ways to save on car insurance.
The best way we recommend to compare car insurance company rates for BMW M3 insurance in Long Beach is to know auto insurance companies participate in a system to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details like how much coverage you want, what your job is, how many miles driven, and whether you are single or married. The rating information is instantly provided to all major companies and you should receive rate quotes instantly to find the best rate.
If you would like to start a quote now, click here and enter your zip code.
The following companies can provide quotes in California. To find cheap car insurance in Long Beach, we suggest you visit several of them to find the cheapest car insurance rates.
Earn discounts to get lower-cost Long Beach car insurance quotes
Car insurance is not cheap, but you might find some hidden discounts to cut the cost considerably. Most are applied when you complete an application, but once in a while a discount must be inquired about in order for you to get them.
- Air Bags and Passive Restraints – Factory options such as air bags could see savings of 25 to 30%.
- Discounts for Federal Employees – Employees or retirees of the government can earn a discount up to 10% with certain companies.
- Professional Organizations – Belonging to qualifying employment or professional organizations is a simple method to lower premiums on your next car insurance statement.
- Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy a life policy as well.
- No Claims – Long Beach drivers who stay claim-free have much lower rates when compared with drivers with a long claim history.
- Save over 55 – If you qualify as a senior citizen, you can get better car insurance rates.
- Bundled Policy Discount – If you can combine your auto and home policy with one company you could earn a discount of at least 10% off all policies.
- Discount for New Cars – Buying coverage on a new vehicle is cheaper because newer vehicles keep occupants safer.
- Accident Waiver – This one isn’t a discount, but a handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free before the accident.
It’s important to understand that most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. Just because it seems like all those discounts means the company will pay you, that’s just not realistic.
The information below visualizes the comparison of BMW M3 annual premium costs with and without discounts applied to the premium. The rate quotes are based on a male driver, no violations or accidents, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, multi-car, claim-free, and marriage discounts applied.
Larger car insurance companies and their offered discounts can be read below.
- State Farm policyholders can earn discounts including good driver, multiple autos, passive restraint, student away at school, accident-free, good student, and anti-theft.
- Progressive offers discounts for online quote discount, good student, multi-policy, multi-vehicle, homeowner, online signing, and continuous coverage.
- Progressive may have discounts that include online quote discount, homeowner, multi-policy, online signing, multi-vehicle, and good student.
- MetLife discounts include defensive driver, good driver, accident-free, claim-free, good student, multi-policy
- Farm Bureau has savings for multi-policy, 55 and retired, safe driver, youthful driver, and driver training.
- GEICO may offer discounts for defensive driver, anti-lock brakes, air bags, emergency military deployment, and good student.
- SAFECO offers discounts including bundle discounts, teen safe driver, anti-theft, safe driver, multi-car, accident prevention training, and drive less.
If you are trying to find affordable BMW M3 insurance quotes, ask all companies you are considering what discounts are available to you. Discounts might not apply in every state.
Rates and statistics
The rate information shown below outlines estimates of insurance premium costs for BMW M3 models. Having a good understanding how insurance policy premiums are formulated is important for drivers to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $280 | $628 | $574 | $34 | $172 | $1,688 | $141 |
| M3 CI 2-Dr Coupe | $306 | $700 | $574 | $34 | $172 | $1,786 | $149 |
| M3 2-Dr Convertible | $306 | $700 | $574 | $34 | $172 | $1,786 | $149 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in vehicle location which can impact coverage rates noticeably.
Can higher deductibles save money?
One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The rates below can help show the premium difference when you choose different deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $474 | $882 | $442 | $26 | $132 | $1,981 | $165 |
| M3 CI 2-Dr Coupe | $518 | $986 | $442 | $26 | $132 | $2,129 | $177 |
| M3 2-Dr Convertible | $518 | $986 | $442 | $26 | $132 | $2,129 | $177 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $292 | $556 | $442 | $26 | $132 | $1,448 | $121 |
| M3 CI 2-Dr Coupe | $320 | $620 | $442 | $26 | $132 | $1,540 | $128 |
| M3 2-Dr Convertible | $320 | $620 | $442 | $26 | $132 | $1,540 | $128 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in garaging location in Long Beach which can impact rates substantially.
Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $47 more each month or $564 a year than opting for the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 16 months between claims, you would save more money if you decide on a higher deductible.
The example below highlights how deductible choice and can change BMW M3 insurance costs for each different age category. The data is based on a single female driver, full physical damage coverage, and no discounts are factored in.
Violations and accidents raise rates
The illustration below shows how traffic citations and at-fault accidents can impact BMW M3 auto insurance costs for different age groups. The information is based on a married female driver, full coverage, $250 deductibles, and no other discounts are factored in.
Auto insurance rates based on gender
The information below illustrates the comparison of BMW M3 car insurance rates for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
What if I want to buy from local Long Beach auto insurance agents?
Certain consumers still like to go talk to an agent and there is nothing wrong with that. Agents are trained risk managers and give you someone to call. An additional benefit of price shopping on the web is that you can obtain cheap rate quotes but still work with a licensed agent. Buying from and supporting local agents is important especially in Long Beach.
For easy comparison, once you complete this quick form, your insurance coverage information is sent to participating agents in Long Beach who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to contact an agency due to the fact that quote results will go straight to your inbox. In the event you want to compare rates from a specific company, you would need to jump over to their website and fill out their quote form.
If you want a good Long Beach insurance agent, it’s important to understand the types of agencies and how they work. Car insurance agents in Long Beach may be either independent agents or exclusive agents. Either can provide car insurance policies, but it is a good idea to know the subtle differences since it may influence which agent you choose.
Independent Car Insurance Agents (or Brokers)
These agents are not limited to a single company and that enables them to quote your coverage with an assortment of companies and get you the best rates possible. If prices rise, your agent can switch companies and you don’t have to find a new agent. If you are comparing rate quotes, you definitely need to check rates from at least one independent agent in order to have the best price comparison. Most also write with small regional insurance companies which can be an advantage.
Featured below is a small list of independent agents in Long Beach that can give you rate quotes.
- Galaxy Insurance Service, Inc
2411 E Anaheim St – Long Beach, CA 90804 – (562) 438-7000 – View Map - Long Beach Insurance Services
2316 E 7th St – Long Beach, CA 90804 – (562) 439-0244 – View Map - Jennifer Lee Insurance Agency
4252 Atlantic Ave – Long Beach, CA 90807 – (562) 427-1109 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only place business with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot place coverage with different providers so always compare other rates. Exclusive agents are well trained on what they offer which helps overcome the inability to quote other rates. Consumers frequently buy insurance from these agents mostly because of the brand name and the convenience of having all coverages with one company.
Shown below are exclusive insurance agents in Long Beach who can help you get rate quotes.
- Ed Ratleff – State Farm Insurance Agent
1190 N Studebaker Rd f – Long Beach, CA 90815 – (562) 799-0291 – View Map - Jose Olguin – State Farm Insurance Agent
4464 California Pl – Long Beach, CA 90807 – (562) 427-2014 – View Map - Farmers Insurance – Edmund Janik
3505 Long Beach Blvd #2o – Long Beach, CA 90807 – (562) 285-0816 – View Map
Finding the right auto insurance agent requires you to look at more than just a low price. Any agent in Long Beach should be willing to answer these questions.
- What is the financial rating for the quoted company?
- Are claim adjusters local or do you have to take your car somewhere else?
- Do they offer rental car reimbursement?
- Will your rates increase after a single accident?
- How much experience to they have in personal lines coverages?
- Do they see any coverage gaps in your plan?
- Does the agency support the community they serve?
Once you have received positive responses as well as an affordable premium quote, you’ve probably found an insurance agent that will service your policy.
How do I know if I need professional advice?
When quoting and comparing insurance from an agent or online for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that.
These are some specific questions could help you determine if you would benefit from an agent’s advice.
- How much liability coverage do I need in California?
- At what point should I drop full coverage?
- What does roadside assistance cover?
- What is motorclub and do I need it?
- Should I rate my BMW M3 as pleasure use or commute?
- Is business property covered if stolen from my car?
- What policy terms are available?
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.
Four Things That Affect Your Insurance Premiums
Many things are part of the equation when you get a price on insurance. Some of the criteria are obvious such as your driving record, but other factors are not quite as obvious such as your credit history and annual miles driven. The best way to find cheaper car insurance is to take a look at the factors that are used to determine the level of your policy premiums. When consumers understand what controls the rates you pay, this allows you to make educated decisions that could help you find better car insurance rates.
The items below are a partial list of the pieces car insurance companies consider when setting your rates.
- Employer stress can affect prices – Do you have a high-stress occupation? Careers such as lawyers, airline pilots, and financial analysts usually pay higher average rates in part from intense work-related stress and incredibly demanding work hours. Other careers such as farmers, athletes and performers have lower than average premiums.
- Safer cars save money – Vehicles with good safety scores get lower rates. The safest vehicles protect occupants better and reduced instances of injuries means less claims paid which can mean better rates for you.
- Discounts for married couples – Having a spouse may earn you lower rates when buying car insurance. Having a spouse demonstrates that you tend to be more mature and insurance companies reward insureds because married couples file fewer claims.
- Pay more if you have a long commute – Having an address in less populated areas is a positive aspect when insuring your vehicles. People who live in big cities regularly have more aggressive driving styles and more time behind the wheel. Less people means reduced accidents in addition to fewer liability claims.
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Insurance loss data for a BMW M3 – Insurers take into consideration historical loss data for every vehicle to help calculate a profitable premium rate. Models that have higher claim frequency or loss amount will have higher premium rates.
The next table shows the loss history for BMW M3 vehicles. For each policy coverage, the loss probability for all vehicles averaged together is set at 100. Percentages below 100 suggest losses that are better than average, while values that are 100 or greater indicate more frequent claims or statistically larger losses.
Car Insurance Loss Data for BMW M3 Models Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury BMW M3 4dr 302 186 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Best reasons to buy insurance in California
Despite the high cost of buying insurance for a BMW M3 in Long Beach, insurance is mandatory in California but it also protects more than you think.
First, almost all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability coverage in order to license the vehicle. 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 took out a loan on your car, it’s most likely the lender will make it a condition of the loan that you have comprehensive coverage to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your BMW at a much higher premium rate and require you to reimburse them for the much more expensive policy.
Third, insurance protects not only your car but also your assets. It also can pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance also covers all legal expenses up to the policy limit in the event you are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of having insurance outweigh the cost, particularly for liability claims. Despite what companies tell you, the average driver is overpaying more than $850 per year so it’s important to compare rates every year to make sure the price is not too high.
Compare. Compare. Compare.
Cheap BMW M3 insurance in Long Beach is definitely available online and from local agencies, so get free Long Beach auto insurance quotes from both of them in order to have the best chance of saving money. A few companies do not provide the ability to get quotes online and usually these smaller providers only sell coverage through independent insurance agents.
We just covered quite a bit of information on how to get a better price on BMW M3 insurance in Long Beach. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest priced insurance comes from a small mutual company. Regional companies can often provide lower prices in certain areas than their larger competitors like Progressive and GEICO.
How to buy discount BMW M3 insurance in Long Beach
It takes a little time, but the best way to find affordable quotes for car insurance rates is to start comparing prices regularly from different companies in Long Beach.
- First, get an understanding of what coverages are included in your policy and the factors you can control to prevent expensive coverage. Many policy risk factors that result in higher rates such as accidents, traffic violations, and a poor credit score can be amended by being financially responsible and driving safely.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote rates from multiple companies.
- Third, compare the price quotes to your existing policy to determine if you can save on M3 insurance in Long Beach. If you can save money and make a switch, make sure coverage is continuous and does not lapse.
- Fourth, notify your current company of your intention to cancel your existing policy and submit a down payment and signed policy application for your new coverage. As soon as you can, place the new proof of insurance certificate along with the vehicle’s registration papers.
A good piece of advice is to make sure you enter identical limits and deductibles on each quote and and to get price quotes from every company you can. Doing this provides an accurate price comparison and and a good selection of different prices.
More learning opportunities
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has the Cheapest Long Beach Auto Insurance Quotes for a Ford Edge? (FAQ)
- What Insurance is Cheapest for Government Employees in Long Beach? (FAQ)
- Who Has Affordable Car Insurance Quotes for Uninsured Drivers in Long Beach? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- Event Data Recorders FAQ (iihs.org)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)