Truthfully, the best way to get the cheapest BMW 328i insurance in Fort Wayne is to start doing an annual price comparison from different companies in Indiana.
First, try to comprehend how your policy works and the factors you can control to prevent expensive coverage. Many risk factors that result in higher rates such as at-fault accidents, speeding tickets, and an unacceptable credit rating can be amended by making minor changes in your lifestyle. This article provides more information to find cheap rates and find additional discounts you may qualify for.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from many different companies.
Third, compare the price quotes to your existing coverage to see if cheaper 328i coverage is available in Fort Wayne. If you find a better price and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, tell your current company of your intention to cancel your current policy. Submit the completed application along with a down payment for the new coverage. Once the paperwork is finalized, safely store the certificate of insurance with the vehicle registration.
A key point to remember is that you use identical coverages on each quote and and to analyze every company you can. This guarantees a level playing field and plenty of rates choose from.
It’s well known that auto insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for a cheaper policy will probably move their business because there is a high probability of finding a lower-priced company. A survey found that drivers who make a habit of shopping around saved about $860 a year compared to people who never shopped for cheaper rates.
If saving money on BMW 328i insurance is the reason you’re here, then learning about how to find companies and compare auto insurance can help you succeed in finding affordable rates.
Finding a lower price on insurance can be surprisingly simple. All that’s required is to take a couple of minutes comparing rate quotes from online providers.
The companies in the list below can provide price quotes in Indiana. To find cheaper auto insurance in Indiana, we suggest you click on several of them in order to get a fair rate comparison.
Rates and data analysis
The data table shown below outlines detailed analysis of policy rates for BMW 328i models. Having a better idea how insurance rates are formulated can help customers make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $268 | $592 | $340 | $20 | $102 | $1,322 | $110 |
| 328I 4-Dr Sedan | $268 | $592 | $340 | $20 | $102 | $1,322 | $110 |
| 328I Station Wagon | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| 328I 2-Dr Coupe | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| 328I 2-Dr Coupe | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| 328I xDrive 4-Dr Sedan | $298 | $680 | $340 | $20 | $102 | $1,440 | $120 |
| 328I xDrive 4-Dr Sedan | $298 | $680 | $340 | $20 | $102 | $1,440 | $120 |
| 328I 2-Dr Convertible | $298 | $680 | $340 | $20 | $102 | $1,440 | $120 |
| 328I 2-Dr Convertible | $298 | $680 | $340 | $20 | $102 | $1,440 | $120 |
| 328I 2-Dr Coupe | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| 328I xDrive 2-Dr Coupe | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| 328I xDrive Station Wagon | $298 | $680 | $288 | $18 | $86 | $1,370 | $114 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in zip code location which can revise premiums considerably.
Where to set your deductibles
When shopping for car insurance, a common question is which deductibles should you choose. The data tables below determine how much more rates are when you select higher and lower physical damage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $244 | $430 | $280 | $16 | $84 | $1,079 | $90 |
| 328I 4-Dr Sedan | $244 | $430 | $280 | $16 | $84 | $1,079 | $90 |
| 328I Station Wagon | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| 328I 2-Dr Coupe | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| 328I 2-Dr Coupe | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| 328I xDrive 4-Dr Sedan | $272 | $496 | $280 | $16 | $84 | $1,173 | $98 |
| 328I xDrive 4-Dr Sedan | $272 | $496 | $280 | $16 | $84 | $1,173 | $98 |
| 328I 2-Dr Convertible | $272 | $496 | $280 | $16 | $84 | $1,173 | $98 |
| 328I 2-Dr Convertible | $272 | $496 | $280 | $16 | $84 | $1,173 | $98 |
| 328I 2-Dr Coupe | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| 328I xDrive 2-Dr Coupe | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| 328I xDrive Station Wagon | $272 | $496 | $238 | $14 | $72 | $1,117 | $93 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 328I 4-Dr Sedan | $200 | $348 | $280 | $16 | $84 | $928 | $77 |
| 328I Station Wagon | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| 328I 2-Dr Coupe | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| 328I 2-Dr Coupe | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| 328I xDrive 4-Dr Sedan | $222 | $400 | $280 | $16 | $84 | $1,002 | $84 |
| 328I xDrive 4-Dr Sedan | $222 | $400 | $280 | $16 | $84 | $1,002 | $84 |
| 328I 2-Dr Convertible | $222 | $400 | $280 | $16 | $84 | $1,002 | $84 |
| 328I 2-Dr Convertible | $222 | $400 | $280 | $16 | $84 | $1,002 | $84 |
| 328I 2-Dr Coupe | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| 328I xDrive 2-Dr Coupe | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| 328I xDrive Station Wagon | $222 | $400 | $238 | $14 | $72 | $946 | $79 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in specific garaging location which can alter price quotes greatly.
Based on the above data, using a $250 deductible would cost the average driver about $14 more each month or $168 each year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at least 18 months between claims, you would probably come out ahead going with the higher deductible.
The chart below demonstrates how choosing different deductibles and can increase or decrease BMW 328i insurance prices for different age groups of insureds. The data assumes a single male driver, full coverage, and no policy discounts are applied.
Responsible drivers pay cheaper Fort Wayne car insurance rates
The chart below shows how traffic citations and at-fault claims influence BMW 328i insurance premiums for each different age group. The premiums assume a single female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.
Insurance is not optional
Despite the fact that insurance is not cheap in Fort Wayne, insurance is most likely required but also gives you several important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to buy specific minimum amounts of liability protection if you want to drive legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your 328i with a loan, almost all lenders will stipulate that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your BMW for a lot more money and require you to reimburse them for it.
- Insurance protects both your vehicle and your personal assets. It will also provide coverage for medical bills incurred in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your insurance policy will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance more than cancel out the cost, especially for larger claims. According to a 2015 survey, the average American driver overpays as much as $800 each year so it’s important to compare rates each time the policy renews to ensure rates are competitive.
Lower-cost BMW 328i insurance in Fort Wayne
Companies offering auto insurance don’t always publicize all possible discounts very clearly, so the next list breaks down some of the best known in addition to some of the lesser obvious savings tricks you should be using when you buy Fort Wayne auto insurance online.
- Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more than drivers with accidents.
- Active Military Service – Being on active deployment in the military could mean lower rates.
- Early Switch Discount – A few companies allow discounts for buying a policy before your current coverage expires. It could save around 10% when you buy Fort Wayne auto insurance online.
- Low Miles Discount – Maintaining low annual mileage can qualify you for discounted premium rates on garaged vehicles.
- No Claim Discounts – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
- No Charge for an Accident – Not necessarily a discount, but some companies like Liberty Mutual, GEICO and Allstate will forgive one accident before your rates go up as long as you don’t have any claims for a set time period.
Discounts save money, but please remember that many deductions do not apply to the entire cost. Most only reduce specific coverage prices like comp or med pay. Even though it may seem like it’s possible to get free car insurance, that’s just not realistic.
The example below compares BMW 328i insurance premiums with and without discounts applied to the policy premium. The rates are based on a male driver, no tickets, no at-fault accidents, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, safe-driver, multi-car, claim-free, and multi-policy discounts applied.
A few popular companies and a selection of discounts are included below.
- GEICO has discounts for anti-theft, good student, air bags, emergency military deployment, military active duty, defensive driver, and anti-lock brakes.
- Travelers may have discounts that include multi-policy, payment discounts, hybrid/electric vehicle, good student, and save driver.
- Nationwide has savings for Farm Bureau membership, multi-policy, anti-theft, easy pay, and business or organization.
- Farmers Insurance discounts include teen driver, electronic funds transfer, good student, distant student, alternative fuel, and business and professional.
- Esurance offers discounts including defensive driver, paid-in-full, good student, good driver, emergency road assistance, and multi-policy.
- State Farm includes discounts for passive restraint, safe vehicle, defensive driving training, multiple policy, good student, and multiple autos.
- Progressive may offer discounts for online quote discount, online signing, multi-policy, homeowner, and good student.
- Mercury Insurance offers discounts for accident-free, anti-theft, ease of repair, multi-policy, multi-car, and low natural disaster claims.
When getting a coverage quote, ask every company which credits you are entitled to. Savings may not apply to policies in every state. To find providers with discount insurance rates in Fort Wayne, follow this link.
Shop online but buy locally
Many people still prefer to get professional advice from a licensed agent and doing so can bring peace of mind Agents can answer important questions and help you file claims. An additional benefit of comparing car insurance online is that you can find cheap rate quotes and still have an agent to talk to.
To make it easy to find an agent, after completing this short form, your coverage information is emailed to local insurance agents in Fort Wayne who will give competitive quotes and help you find cheaper coverage. There is no reason to visit any agencies since rate quotes are delivered to your email. If you have a need to quote rates from a specific company, don’t hesitate to jump over to their website and fill out the quote form the provide.
Picking an company is decision based upon more than just the bottom line cost. Ask your prospective agent these questions:
- Does the agency support the community they serve?
- Do the agents have professional certifications like CPCU or CIC?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Do they offer rental car reimbursement?
- Is the agent and/or agency licensed to do business in Indiana?
- How does the company pay claims for a total loss?
- How often do they review coverages?
Shown below are Fort Wayne insurers that can give you rate quotes for BMW 328i insurance in Fort Wayne.
- Nationwide Insurance: Thompson Insurance and Financial Services Inc
10355 Dawsons Creek Blvd A – Fort Wayne, IN 46825 – (260) 347-4722 – View Map - Mathews Insurance Agency, Inc.
807 Lincoln Hwy W – New Haven, IN 46774 – (260) 749-9696 – View Map - Connie Stickler – State Farm Insurance Agent
7105 Old Trail Rd – Fort Wayne, IN 46809 – (260) 747-2626 – View Map - John Hayes – State Farm Insurance Agent
6407 Stellhorn Rd – Fort Wayne, IN 46815 – (260) 486-4711 – View Map
Specifics of your car insurance policy
Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and coverage can change by endorsement.
Uninsured and underinsured coverage – This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many Indiana drivers carry very low liability coverage limits (25/50/10), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like funeral costs, surgery, hospital visits, nursing services and chiropractic care. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage
Liability insurance – This coverage provides protection from damages or injuries you inflict on other’s property or people. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.
Liability can pay for things such as emergency aid, repair bills for other people’s vehicles, medical services, pain and suffering and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford. Indiana state minimum liability requirements are 25/50/10 but drivers should carry more liability than the minimum.
The next chart shows why low liability limits may not be adequate.
Collision – This pays for damage to your 328i caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as sustaining damage from a pot hole, backing into a parked car, scraping a guard rail and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to choose a higher deductible on your 328i to bring the cost down.
Comprehensive coverages – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like hitting a bird, rock chips in glass and damage from a tornado or hurricane. The most your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Keep this in mind when shopping around
As you go through the steps to switch your coverage, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where an insured cut physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.
People who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, policy cancellation, policy non-renewal or being labeled a high risk driver. Regardless of your reason for switching companies, switching car insurance companies is less work than it seems.
Some companies do not offer online rate quotes and these smaller providers prefer to sell through independent agents. Cheaper BMW 328i insurance in Fort Wayne is definitely available online and with local Fort Wayne insurance agents, and you need to price shop both to have the best selection.
More information is available on the following sites:
- Alcohol Impaired Driving FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance for Lyft Drivers in Fort Wayne? (FAQ)
- Who Has the Cheapest Auto Insurance for 18 Year Olds in Fort Wayne? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Ford Explorer in Fort Wayne? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Low Mileage Drivers in Fort Wayne? (FAQ)
- What Car Insurance is Cheapest for a Honda CR-V in Fort Wayne? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Good Credit in Fort Wayne? (FAQ)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Drunk Driving Statistics (Insurance Information Institute)
- Safety Features for Your New Car (State Farm)