Compare BMW M3 Insurance Rate Quotes in Lubbock

It’s hard to fathom, but the vast majority of consumers kept buying from the same company for well over three years, and nearly the majority have never compared rate quotes at all. Drivers in Texas could cut their rates by 70% a year, but they just don’t understand how much savings they would realize if they just switched companies.

Discount BMW M3 insuranceIt takes a little time, but the best way to get discount BMW M3 insurance in Lubbock is to begin comparing prices regularly from insurance carriers in Texas.

  1. Gain an understanding of how insurance companies determine prices and the things you can control to prevent high rates. Many rating criteria that result in higher rates such as multiple speeding tickets and a substandard credit history can be eliminated by making small lifestyle or driving habit changes.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of companies.
  3. Compare the price quotes to your existing policy and see if there is a cheaper rate. If you can save money and buy the policy, make sure there is no lapse in coverage.

A key point to remember is to use the same liability limits and deductibles on every quote and and to look at as many carriers as you can. Doing this ensures a level playing field and a complete price analysis.

The intent of this article is to teach you a little about the best methods to compare rates. If you currently have insurance, you will most likely be able to get lower rates using this information. Drivers only need to know the quickest way to shop for insurance from many companies at once.

Reduce Insurance Rates with These Tips

When buying auto insurance it’s important to understand the different types of things that come into play when calculating the price you pay for auto insurance. If you understand what determines base rates, this empowers consumers to make smart changes that can help you get lower rates.

Insurance rate breakdown

The rate information shown next highlights a range of insurance premium costs for BMW M3 models. Having knowledge of how prices are determined can benefit drivers when making decisions on the best policy to buy.


BMW M3 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $252 $478 $382 $22 $114 $1,248 $104
M3 CI 2-Dr Coupe $276 $534 $382 $22 $114 $1,328 $111
M3 2-Dr Convertible $276 $534 $382 $22 $114 $1,328 $111
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in specific Lubbock garaging location which can change coverage rates significantly.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is what deductibles to buy. The rates below determine the differences in premium rates between low and high insurance deductibles. The first data set uses a $100 comprehensive and collision deductible and the second set of prices uses a $500 deductible.


BMW M3 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $454 $908 $382 $22 $114 $1,905 $159
M3 CI 2-Dr Coupe $496 $1014 $382 $22 $114 $2,053 $171
M3 2-Dr Convertible $496 $1014 $382 $22 $114 $2,053 $171
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BMW M3 insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $332 $614 $382 $22 $114 $1,464 $122
M3 CI 2-Dr Coupe $362 $686 $382 $22 $114 $1,566 $131
M3 2-Dr Convertible $362 $686 $382 $22 $114 $1,566 $131
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in specific garaging location which can impact premiums substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $39 more each month or $468 a year than choosing the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at a minimum 10 months between claims, you would probably be better off by selecting a higher deductible.

Careless driving habits raise car insurance rates

The information below illustrates how violations and accidents can influence BMW M3 auto insurance costs for different ages of insureds. The data assumes a single male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Reduce your car insurance rates with discounts

Properly insuring your vehicles can get expensive, but you may be missing some discounts that could help you make your next renewal payment. A few discounts will automatically apply when you purchase, but some may not be applied and must be inquired about before being credited.Car insurance discounts

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The illustration below illustrates the difference between BMW M3 car insurance rates with and without discounts applied to the policy premium. Data assumes a female driver, no violations or claims, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, homeowner, multi-car, and safe-driver discounts applied.

A list of car insurance companies and their offered discounts are outlined below.

It’s a good idea to ask each company or agent the best way to save money. Discounts might not be available to policyholders in every state. If you would like to view companies that offer the discounts shown above in Texas, click here to view.

What is YOUR best insurance company?

Budget-friendly car insurance in Lubbock is possible online and from local insurance agents, so you need to shop Lubbock car insurance with both to have the best rate selection. There are still a few companies who may not provide online quoting and most of the time these small, regional companies only sell coverage through independent agents.

We just showed you quite a bit of information on how to compare BMW M3 insurance prices in Lubbock. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. Consumers may even find the most savings is with some of the smallest insurance companies. These companies often have lower rates on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.

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