Do you want to save money by finding the cheapest BMW M3 insurance in Oklahoma City? Finding cheap premium rates on BMW M3 insurance in Oklahoma City might be very difficult for people new to quoting and comparing prices online. You have so many companies to choose from that it can quickly become more work than you anticipated to find the best premium rates.
How to find discount BMW M3 insurance in Oklahoma City
The easiest way to find the cheapest price for car insurance rates in Oklahoma City is to annually compare prices from insurers in Oklahoma.
- Step 1: Try to understand coverages and the changes you can make to drop your rates. Many things that increase rates such as high-risk driving behaviors and a negative credit score can be amended by being financially responsible and driving safely.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while agents who are independent can quote prices from multiple insurance companies.
- Step 3: Compare the new rate quotes to the premium of your current policy to see if cheaper M3 coverage is available. If you find better rates and make a switch, ensure there is no coverage lapse between policies.
The key thing to remember is that you’ll want to make sure you compare identical deductibles and limits on every quote request and and to get price quotes from as many carriers as you can. This provides a fair price comparison and the best rate selection.
It’s amazing but a large majority of drivers have bought insurance from the same company for well over three years, and 38% of customers have never even shopped around for cheap coverage. Consumers in Oklahoma City could save an average of up to 35% each year just by comparing rates, but they don’t want to take the time to find cheap insurance rates.
If you currently have a car insurance policy, you will surely be able to find the best rates using the concepts you’re about to learn. The intent of this article is to teach you the most effective way to quote insurance and how you can save the most money. Nevertheless, Oklahoma car owners must learn the way companies sell insurance online because it varies considerably.
The easiest way to get rate comparisons for BMW M3 insurance in Oklahoma City is to understand most of the bigger providers have advanced systems to quote your coverage. The only thing you need to do is give them rating details including if your license is active, what you do for a living, if it has an anti-theft system, and how you use your vehicles. That rating data is instantly provided to many different companies and they respond with quotes within a short period of time.
To get price quotes for your BMW M3 now, click here and enter the information requested.
The providers in the list below are ready to provide price comparisons in Oklahoma City, OK. If multiple providers are shown, we recommend you visit as many as you can in order to find the most affordable rates.
Rates and detailed analysis
The coverage information below covers different policy rates for BMW M3 models. Having a good understanding how auto insurance policy rates are established can help you make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $288 | $552 | $458 | $28 | $136 | $1,462 | $122 |
| M3 CI 2-Dr Coupe | $314 | $616 | $458 | $28 | $136 | $1,552 | $129 |
| M3 2-Dr Convertible | $314 | $616 | $458 | $28 | $136 | $1,552 | $129 |
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in specific location which can decrease or increase premiums substantially.
Deductible analysis
One frequently asked question is at what level do you set your deductibles. The rates below determine the difference in cost between high and low deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $480 | $896 | $448 | $26 | $134 | $2,009 | $167 |
| M3 CI 2-Dr Coupe | $524 | $1000 | $448 | $26 | $134 | $2,157 | $180 |
| M3 2-Dr Convertible | $524 | $1000 | $448 | $26 | $134 | $2,157 | $180 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $390 | $722 | $448 | $26 | $134 | $1,720 | $143 |
| M3 CI 2-Dr Coupe | $426 | $806 | $448 | $26 | $134 | $1,840 | $153 |
| M3 2-Dr Convertible | $426 | $806 | $448 | $26 | $134 | $1,840 | $153 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Information does not factor in vehicle location which can influence price quotes greatly.
Based on the above data, using a $250 deductible will cost you roughly $26 more each month or $312 every year across all BMW M3 models than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go more than 10 months between claims, you would come out ahead going with the higher deductible.
Cheap BMW M3 insurance rates in Oklahoma City
Not too many consumers would say car insurance is affordable, but there’s a good chance there are discounts that you may not even know about. Some discounts will apply when you get a quote, but some discounts are required to be requested specifically before being credited.
- Pay Now and Pay Less – By paying your policy upfront rather than spreading payments over time you can avoid monthly service charges.
- Government Employee Discount – Employees or retirees of the government could qualify for a slight premium decrease with a few car insurance companies.
- Discounts for Multiple Vehicles – Having primary and secondary vehicles on the same car insurance policy qualifies for this discount.
- Anti-lock Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
- Safety Restraint Discount – Drivers who require all occupants to buckle up can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
- Savings for New Vehicles – Buying a new car instead of a used M3 can save up to 30% due to better safety requirements for new model year vehicles.
- Low Mileage Discounts – Driving fewer miles may allow you to get better rates on cars that stay parked.
- Claim Free – Insureds who avoid accidents and claims pay much less as opposed to accident-prone drivers.
A quick disclaimer, most discount credits are not given to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. So even though you would think it’s possible to get free car insurance, insurance companies wouldn’t stay in business. Any qualifying discounts will reduce your policy cost.
The illustration below illustrates the comparison of BMW M3 annual premium costs with and without discounts applied to the policy premium. The prices are based on a female driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, safe-driver, claim-free, and homeowner discounts applied.
To view insurance companies who offer discounts in Oklahoma, follow this link.
Why you need to buy auto insurance
Despite the fact that auto insurance is not cheap in Oklahoma City, insuring your vehicle is required in Oklahoma but also provides important benefits.
- Just about all states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your BMW has a loan, most lenders will stipulate that you buy full coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank will be required to insure your BMW at a much higher premium rate and force you to reimburse them for the much more expensive policy.
- Insurance protects both your BMW and your assets. It will also cover medical bills for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If your BMW gets damaged, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance outweigh the cost, especially if you ever need it. An average driver in America is overpaying more than $865 each year so we recommend shopping around each time the policy renews to make sure the price is not too high.
Oklahoma car insurance company ratings
Choosing the best insurance company is difficult considering how many choices there are in Oklahoma. The company ratings listed below could help you choose which insurers you want to consider shopping prices with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Insurance is available from local insurance agents
Some consumers just want to get professional advice from a licensed agent and doing that can be a smart decision One of the great benefits of comparing insurance prices online is the fact that you can find cheap insurance quotes and still have a local agent. Buying from local insurance agencies is still important in Oklahoma City.
Upon completion of this short form, your insurance coverage information gets sent to agents in your area who will give you bids for your coverage. You won’t even need to leave your computer because quoted prices will be sent to you instantly. You’ll get the best rates without requiring a lot of work. If you want to quote rates from one company in particular, don’t hesitate to search and find their rate quote page and fill out the quote form the provide.
If you prefer to buy insurance from an insurance agent, it can be helpful to understand the different types of agents and how they are distinctly different. Insurance agents in Oklahoma City are classified as either independent or exclusive.
Independent Agencies or Brokers
Independent agencies do not work for one specific company and that is an advantage because they can write policies through lots of different companies enabling the ability to shop coverage around. If your agent finds better pricing, your policy is moved internally and you don’t have to do anything. When comparing rate quotes, you will definitely want to get quotes from a couple of independent agencies to have the most options to choose from. Most have the option of insuring with smaller companies which could offer lower prices.
Featured below is a list of independent insurance agencies in Oklahoma City that may be able to provide comparison quotes.
- Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106 – View Map - 3000 Insurance Group Alexander and Strunk
3000 NW 149th St – Oklahoma City, OK 73134 – (405) 751-8356 – View Map - Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111 – View Map
Exclusive Agencies
Agents that elect to be exclusive work for only one company and some examples include State Farm, Allstate and AAA. Exclusive agencies are unable to compare rates from other companies so you need to shop around if the rates are high. Exclusive agents are trained well on their company’s products which helps them compete with independent agents. Drivers often choose to use an exclusive agent mainly due to the brand name and the convenience of having all coverages with one company.
The following are Oklahoma City exclusive agents who can help you get price quote information.
- Matt Pryor – State Farm Insurance Agent
2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100 – View Map - Rita Wallenberg – State Farm Insurance Agent
2833 SW 119th St – Oklahoma City, OK 73170 – (405) 691-2464 – View Map - Charles Reagan – State Farm Insurance Agent
5001 N Pennsylvania Ave #305 – Oklahoma City, OK 73112 – (405) 840-3731 – View Map
Finding the right insurance agent should include more criteria than just a cheap quote. The answers to these questions are important, too.
- Does the agency provide any after hours assistance?
- How long has their agency been open in Oklahoma City?
- Which insurance company do they prefer to write with?
- Do the agents have professional certifications like CPCU or CIC?
- Is vehicle mileage a factor when determining depreciation for repairs?
Once you have positive feedback to any questions you may have and a good coverage price, you may have just found a car insurance agent that is professional and can adequately provide insurance.