Save on BMW 328i Insurance in Plano

  1. Home
  2. >
  3. Plano Auto Insurance
  4. >
  5. BMW 328i

Insurance rates BMW 328i in PlanoHaving to pay for expensive BMW 328i insurance in Plano can consume your personal savings and force you to prioritize other expenses. Comparing rates annually is a smart way to make ends meet.

Regrettably, a large majority of drivers have stayed with the same insurance company for a minimum of four years, and nearly 40% of drivers have never even compared rates from other companies. Consumers in Texas could pocket 70% a year, but they don't want to take the time to find affordable insurance by shopping around.

Lots of insurance companies contend to insure your vehicles, so it's not easy to compare every company and get the definite lowest cost out there.

Most of the larger companies such as State Farm, Allstate and GEICO provide price estimates direct online. Comparing BMW 328i insurance rates online can be done by anyone because it's just a matter of typing in the amount of coverage you want into a form. After you complete the form, the system will obtain your credit score and driving record and returns pricing information based on many factors. This makes it easy to compare insurance prices and it's very important to get many rate quotes in order to find a better rate.

To get comparison pricing now, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you type in deductibles and limits exactly as shown on your declarations page. This ensures you're receiving an apples-to-apples comparison based on the exact same insurance coverage.

The auto insurance companies shown below provide price comparisons in Plano, TX. To get cheap car insurance in Texas, we recommend you visit two to three different companies in order to get a fair rate comparison.

Insurance coverage analysis

The data table displayed below covers estimates of coverage costs for BMW 328i models. Having insight into how insurance policy premiums are formulated is important for you to make smart choices when selecting a coverage provider.

BMW 328i Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $288 $594 $366 $22 $110 $1,380 $115
328I 4-Dr Sedan $288 $594 $366 $22 $110 $1,380 $115
328I Station Wagon $322 $682 $310 $18 $94 $1,426 $119
328I 2-Dr Coupe $322 $682 $310 $18 $94 $1,426 $119
328I 2-Dr Coupe $322 $682 $310 $18 $94 $1,426 $119
328I xDrive 4-Dr Sedan $322 $682 $366 $22 $110 $1,502 $125
328I xDrive 4-Dr Sedan $322 $682 $366 $22 $110 $1,502 $125
328I 2-Dr Convertible $322 $682 $366 $22 $110 $1,502 $125
328I 2-Dr Convertible $322 $682 $366 $22 $110 $1,502 $125
328I 2-Dr Coupe $322 $682 $310 $18 $94 $1,426 $119
328I xDrive 2-Dr Coupe $322 $682 $310 $18 $94 $1,426 $119
328I xDrive Station Wagon $322 $682 $310 $18 $94 $1,426 $119
Get Your Own Custom Quote Go

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in vehicle location which can alter coverage prices significantly.

Higher deductibles save money

One frequently asked question is what deductibles to buy. The comparison tables below approximate the differences in price when you choose different physical damage coverage deductibles. The first rate table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

BMW 328i insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
328I 4-Dr Sedan $370 $698 $382 $22 $114 $1,611 $134
328I Station Wagon $412 $804 $324 $20 $96 $1,681 $140
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive 4-Dr Sedan $412 $804 $382 $22 $114 $1,759 $147
328I xDrive 4-Dr Sedan $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Convertible $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Convertible $412 $804 $382 $22 $114 $1,759 $147
328I 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive 2-Dr Coupe $412 $804 $324 $20 $96 $1,681 $140
328I xDrive Station Wagon $412 $804 $324 $20 $96 $1,681 $140
Get Your Own Custom Quote Go
BMW 328i insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $270 $472 $382 $22 $114 $1,260 $105
328I 4-Dr Sedan $270 $472 $382 $22 $114 $1,260 $105
328I Station Wagon $300 $542 $324 $20 $96 $1,282 $107
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive 4-Dr Sedan $300 $542 $382 $22 $114 $1,360 $113
328I xDrive 4-Dr Sedan $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Convertible $300 $542 $382 $22 $114 $1,360 $113
328I 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive 2-Dr Coupe $300 $542 $324 $20 $96 $1,282 $107
328I xDrive Station Wagon $300 $542 $324 $20 $96 $1,282 $107
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price estimates do not factor in specific location information which can raise or lower coverage prices greatly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $32 more each month or $384 a year across all BMW 328i models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go more than 13 months between claim filings, you would save more money if you elect the higher deductible. Below is a better example of how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $141
Average monthly premium for $500 deductibles (subtract): - $109
Monthly savings from raising deductible: $32
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One big caveat is that higher deductibles results in having to pay to pay more out-of-pocket when you do file a claim. It will be required that you have enough disposable income in order to pay the deductible.

The illustration below shows how choosing a deductible and can affect BMW 328i insurance premiums for different insured age categories. The costs are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Learn How to Get Car Insurance More Affordably

It's important that you understand some of the things that go into determining the price you pay for car insurance. When consumers understand what determines premiums, this enables you to make decisions that can help you get lower car insurance prices. Many things are used in the calculation when you get your auto insurance bill. Some factors are common sense like an MVR report, but other criteria are more transparent such as whether you are married or how safe your car is.

The items below are a few of the "ingredients" used by companies to determine your premiums.

Good drivers pay the best rates - Whether or not you get tickets can have a huge impact on auto insurance premiums. Careful drivers have lower premiums than bad drivers. Having just one speeding ticket or other violation can bump up the cost by twenty percent. Drivers with license-revoking violations such as DUI or reckless driving may need to complete a SR-22 with their state DMV in order to prevent their license from being revoked.

The illustration below shows how speeding tickets and at-fault claims can affect BMW 328i insurance rates for each age group. The data assumes a married female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

High physical damage deductibles lower rates - Comp and collision deductibles tell how much you are required to spend if the claim is covered. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims are collision with another vehicle, collision with a deer, and damage from wind. The more damage repair cost you have to pay, the less money you will pay for car insurance.

Too many car insurance claims will drive car insurance rates up - Companies in Texas provide discounts to policyholders who file claims infrequently. If you file claims often, you can look forward to either higher rates or even cancellation. Insurance coverage is designed for the large, substantial claims.

Rate your vehicle for proper use - The more you drive each year the higher your rate. Many insurance companies apply a rate based on how the vehicle is used. Cars that do not get driven very much qualify for better rates than vehicles that have high annual mileage. A policy that improperly rates your 328i can cost quite a bit. Verify your car insurance declarations sheet is showing the right rating data, because it can save money.

Three main reasons to buy auto insurance

Despite the high cost, insurance may not be optional for several reasons.

  • Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your vehicle has a lienholder, it's guaranteed your bank will stipulate that you buy insurance to guarantee loan repayment. If you let the policy lapse, the bank may buy a policy for your BMW for a lot more money and require you to fork over the higher price.
  • Insurance protects both your assets and your vehicle. It will also cover most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If your BMW gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having auto insurance greatly outweigh the cost, particularly if you ever have a claim. On average, a vehicle owner in Plano is overpaying over $800 each year so we recommend shopping around once a year at a minimum to save money.