Compare BMW 328i Insurance Rates in Tulsa

Having to pay for overpriced insurance in Tulsa can take a big chunk out of your bank account, especially in this economy. Performing a price comparison is recommended to reduce premiums and put more money in your pocket.

Insurance rates BMW 328i in TulsaA recent study revealed that almost 70% of drivers in Oklahoma kept buying from the same company for at least four years, and nearly half have never compared insurance rates at all. Consumers in the U.S. could save themselves approximately $860 a year just by getting comparison quotes, but they just feel it’s too hard to find cheap insurance rates.

Insurance companies such as GEICO, Farmers Insurance and State Farm promote their brand names with fancy advertisements and consumers find it hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

You should take the time to compare rates before your next renewal because prices tend to go up over time. Even if you got the best price on BMW 328i insurance in Tulsa a few years ago there is a good chance you can find better rate quotes now. There are a lot of ways to save on 328i insurance online, but I’m going to show you some proven techniques to lower your insurance rates in Tulsa.

When comparing insurance rates, know that comparing more quotes helps you find more affordable insurance.

The auto insurance companies shown below can provide free rate quotes in Tulsa, OK. If you wish to find the best cheap auto insurance in Oklahoma, we suggest you click on several of them to get a more complete price comparison.

Auto insurance statistics and figures

The coverage information below covers detailed analysis of insurance policy prices for BMW 328i models. Understanding how insurance policy premiums are determined is important for making decisions on which coverage to buy.

BMW 328i Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $446 $688 $588 $34 $176 $1,932 $161
328I 4-Dr Sedan $446 $688 $588 $34 $176 $1,932 $161
328I Station Wagon $496 $792 $500 $30 $150 $1,968 $164
328I 2-Dr Coupe $496 $792 $500 $30 $150 $1,968 $164
328I 2-Dr Coupe $496 $792 $500 $30 $150 $1,968 $164
328I xDrive 4-Dr Sedan $496 $792 $588 $34 $176 $2,086 $174
328I xDrive 4-Dr Sedan $496 $792 $588 $34 $176 $2,086 $174
328I 2-Dr Convertible $496 $792 $588 $34 $176 $2,086 $174
328I 2-Dr Convertible $496 $792 $588 $34 $176 $2,086 $174
328I 2-Dr Coupe $496 $792 $500 $30 $150 $1,968 $164
328I xDrive 2-Dr Coupe $496 $792 $500 $30 $150 $1,968 $164
328I xDrive Station Wagon $496 $792 $500 $30 $150 $1,968 $164
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Estimates do not factor in vehicle garaging location which can change coverage prices significantly.

The diagram below shows how different deductible levels and can increase or decrease BMW 328i insurance costs for different age categories. The data is based on a married male driver, full physical damage coverage, and no policy discounts are applied.

Liability only or full coverage

The illustration below shows the difference between BMW 328i insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.

When to switch to liability coverage only

There is no set guideline to stop paying for physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s say your BMW 328i settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after you pay the deductible. If you are paying in excess of $700 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are a few situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Why Informed Consumers Pay Less for BMW 328i Insurance

Multiple criteria are part of the calculation when quoting car insurance. Some of the criteria are obvious like an MVR report, but other criteria are not quite as obvious such as your credit history or your financial responsibility. Consumers need to have an understanding of some of the things that help calculate the price you pay for auto insurance. If you know what influences your rates, this enables you to make decisions that can earn you lower rates.

The list below includes some of the most rate-impacting factors utilized by car insurance companies to help set your prices.

Why you need quality insurance for your BMW vehicle

Despite the high insurance cost for a BMW 328i in Tulsa, buying insurance is required in Oklahoma but also provides important benefits.

The benefits of carrying enough insurance greatly outweigh the cost, especially with large liability claims. An average driver in America overpays more than $850 per year so you should quote and compare rates each time the policy renews to make sure the price is not too high.