Compare BMW M3 Insurance Rate Quotes in Pittsburgh

Discount BMW M3 insuranceThe preferred way to find cheaper quotes for car insurance rates is to start comparing prices yearly from insurers in Pittsburgh.

First, try to comprehend what is in your policy and the measures you can take to prevent high rates. Many rating factors that cause rate increases such as traffic tickets, fender benders, and a poor credit score can be eliminated by making minor driving habit or lifestyle changes. Read the full article for more details to help reduce premium rates and get additional discounts that may have been overlooked.

Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies.

Third, compare the new quotes to your existing policy to see if you can save by switching companies. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.

Fourth, give notification to your agent or company of your intention to cancel your existing policy. Submit the application along with any required down payment for your new coverage. Once the paperwork is finalized, keep the new certificate verifying proof of insurance in your vehicle’s glove compartment or console.

One bit of advice is to make sure you enter identical limits and deductibles on each quote request and and to compare as many auto insurance providers as possible. Doing this helps ensure the most accurate price comparison and a better comparison of the market.

Unthinkable but true, most consumers in Pennsylvania have stayed with the same insurance company for over three years, and approximately 38% of consumers have never quoted rates to find cheap coverage. American drivers could save themselves roughly 47% a year just by getting comparison quotes, but they won’t spend time to shop their coverage around.

Companies offering BMW M3 insurance in Pennsylvania

The companies shown below have been selected to offer price comparisons in Pittsburgh, PA. If multiple companies are listed, we suggest you click on several of them to find the most competitive car insurance rates.

Statistics and details

The price information shown next highlights detailed analysis of coverage prices for BMW M3 models. Learning as much as possible about how auto insurance prices are calculated can aid in making decisions when choosing a new policy provider.

BMW M3 Insurance Rates in Pittsburgh, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $338 $808 $372 $22 $112 $1,652 $138
M3 CI 2-Dr Coupe $370 $902 $372 $22 $112 $1,778 $148
M3 2-Dr Convertible $370 $902 $372 $22 $112 $1,778 $148
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rates do not factor in Pittsburgh location which can lower or raise coverage prices greatly.

Car insurance deductibles

One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The premium rates below may help to illustrate the premium difference between low and high physical damage deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second rate chart uses a $500 deductible.

BMW M3 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $352 $658 $330 $20 $98 $1,483 $124
M3 CI 2-Dr Coupe $386 $734 $330 $20 $98 $1,593 $133
M3 2-Dr Convertible $386 $734 $330 $20 $98 $1,593 $133
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BMW M3 insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $286 $530 $330 $20 $98 $1,264 $105
M3 CI 2-Dr Coupe $314 $592 $330 $20 $98 $1,354 $113
M3 2-Dr Convertible $314 $592 $330 $20 $98 $1,354 $113
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in vehicle garaging location which can modify premiums greatly.

Based on the above data, using a $250 deductible costs roughly $20 more each month or $240 a year than quoting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 13 months between claim filings, you would most likely save money if you opt for a higher deductible.

The chart below shows how choosing a deductible and can affect BMW M3 annual premium costs for different insured age categories. The information is based on a married female driver, full coverage, and no discounts are applied.

Men versus women drivers and insurance cost

The illustration below illustrates the comparison of BMW M3 insurance prices for male and female drivers. Data assumes no violations or claims, full physical damage coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.

Cost of full coverage

The information below illustrates the difference between BMW M3 annual premium costs with full coverage and liability only. The price estimates are based on no claims or driving citations, $250 deductibles, marital status is single, and no other discounts are factored in.

When to eliminate full coverage

There is no definitive guideline for phasing out full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your BMW M3 replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after paying your policy deductible. If you are paying over $500 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some conditions where removing full coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

How do Insurance Companies Determine BMW M3 Insurance Premiums?

Lots of things are taken into consideration when you get your auto insurance bill. Some are obvious like an MVR report, but others are less obvious like where you live or how financially stable you are. Consumers need to have an understanding of a few of the rating criteria that are used to determine the rates you pay for insurance. If you know what determines premiums, this helps enable you to make changes that could help you find lower premium levels.

Higher prices for specific employers – Did you know your job can affect your rates? Careers like real estate brokers, airline pilots, and stock brokers have higher premiums than the average policyholder due to job stress and long work days. On the flip side, careers like farmers, historians and retirees have lower than average premiums.

How your age affects premiums – Youthful drivers in Pennsylvania have a tendency to be inattentive when driving with friends therefore insurance rates are much higher. Mature drivers are more responsible, cause fewer claims and accidents, and are generally more financially stable.

The following data is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

Only buy incidental coverages you need – There are many extra coverages that can add up on your M3 policy. Insurance for things like rental car reimbursement, accident forgiveness, and extra equipment coverage are probably not needed. They may sound like good ideas initially, but if you have no use for them eliminate them to save money.

High credit score translates to low rates – Having a bad credit score is likely to be a major factor in determining premium rates. Therefore, if your credit history could use some work, you could save money insuring your BMW M3 by improving your rating. Insureds that have excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores.

Insurance losses for a BMW M3 – Companies analyze the history of losses when setting rates for each model. Models that statistically have increased losses will be charged more to insure. The table shown below demonstrates the loss history for BMW M3 vehicles.

For each coverage type, the claim probability for all vehicles, as a total average, is represented as 100. Numbers below 100 suggest a better than average loss history, while values over 100 indicate higher probability of having a loss or an increased chance of a larger loss.

Auto Insurance Loss Data for BMW M3 Models
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
BMW M3 4dr 302 186

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Insurance discounts help lower rates for BMW M3 insurance in Pittsburgh

Insuring your vehicles can cost a lot, but you might already qualify for some discounts to cut the cost considerably. Some discounts apply automatically when you get a quote, but a few need to be specifically requested before you get the savings.Save money with discounts

It’s important to note that most discounts do not apply to all coverage premiums. Most cut specific coverage prices like collision or personal injury protection. Even though the math looks like you could get a free insurance policy, you’re out of luck.

The chart below illustrates the comparison of BMW M3 annual premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, a clean driving record, no at-fault accidents, Pennsylvania state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, marriage, safe-driver, and claim-free discounts applied.

A few of the larger companies and a partial list of their discounts are included below.

Double check with each insurance company to give you their best rates. Some credits may not apply to policyholders in Pittsburgh. To choose insurance companies offering insurance discounts in Pennsylvania, follow this link.

When to get advice from an agent

Some people just prefer to go talk to an agent. Good agents can help you choose the best coverages and help in the event of a claim. One of the benefits of getting free rate quotes online is you may find the lowest rates and still have a local agent.

Insurance agents in PittsburghAfter filling out this quick form, your insurance data is sent to agents in your area who will give you quotes for your car insurance coverage. You won’t even need to search for an agent since rate quotes are delivered to you instantly. In the event you want to quote rates from a specific insurance company, you can always find their quoting web page and give them your coverage information.

Picking an insurer should include more criteria than just the price. Any good agent in Pittsburgh should know the answers to these questions.

Pick the best car insurance agent in Pittsburgh for you

If you want a reliable insurance agent, you must know there are a couple different types of agencies and how they can write your policy. Agents can either be independent or exclusive depending on the company they work for. Both write car insurance policies, but it’s important to know how they are different because it may have an impact on the selection process.

Exclusive Car Insurance Agents

Agents that choose to be exclusive can only write with one company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agencies are unable to give you multiple price quotes so you might not find the best rates. These agents are usually quite knowledgeable on sales techniques which aids in selling service over price.

Listed below are Pittsburgh exclusive insurance agents that are able to give comparison quotes.

Mike Dudenas – State Farm Insurance Agent
901 Castle Shannon BlvdPittsburgh, PA 15234(412) 561-5012View Map

9026 St Simon WayPittsburgh, PA 15237(412) 364-7170View Map

984 Greentree RdPittsburgh, PA 15220(412) 922-2622View Map

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Independent Insurance Agents

Agents in the independent channel do not write with just one company so as a result can place your coverage with many different companies and get you the best rates possible. If your agent finds better pricing, the agent simply finds a different carrier and that require little work on your part. If you need lower rates, it’s a good idea to get quotes from at a minimum one independent agency to maximize your price options.

Shown below are independent agents in Pittsburgh that are able to give price quotes.

9800B McKnight Rd #226Pittsburgh, PA 15237(412) 847-3743View Map

700 River Ave # 433Pittsburgh, PA 15212(412) 325-1650View Map

124 Ingram AvePittsburgh, PA 15205(412) 922-1126View Map

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Upon receiving acceptable answers as well as inexpensive BMW M3 insurance in Pittsburgh quotes, chances are good that you have found an insurance agent that is a good match to properly service your car insurance policy. Keep in mind consumers can cancel your policy at any point so never feel you’re contractually obligated to any specific agency for the entire policy term.

Best auto insurance company in Pittsburgh

Ending up with a high-quality auto insurance provider can be challenging considering how many companies provide coverage in Pittsburgh. The ranking data below can help you analyze which car insurance providers you want to consider comparing rates from.

Pittsburgh, Pennsylvania Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
Titan Insurance 87 96 94 93% A+ 92.9
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Erie Insurance 79 93 90 87% A+ 88.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies

Compare but don’t skimp

We covered a lot of techniques to compare BMW M3 insurance rates in Pittsburgh. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the lowest rates come from the least-expected company. These companies may only write in your state and offer lower car insurance rates as compared to the big name companies such as Allstate, GEICO and Progressive.

When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. There are a lot of situations where an insured cut liability limits or collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase plenty of coverage at the lowest possible cost.

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