It takes a little time, but the best way to find better pricing on BMW 328i insurance in New Orleans is to start comparing rates regularly from different companies who can sell car insurance in Louisiana. You can compare prices by following these steps.
- First, take a little time to learn about how auto insurance works and the things you can change to prevent expensive coverage. Many things that cause high rates like traffic citations, accidents, and an imperfect credit rating can be improved by improving your driving habits or financial responsibility. Read the full article for additional tips to get affordable coverage and find available discounts that you may qualify for.
- Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive or State Farm, while agents who are independent can provide prices from multiple insurance companies.
- Third, compare the price quotes to the price on your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, provide notification to your current company of your decision to cancel the current policy and submit payment along with a signed and completed policy application to your new carrier. As soon as you can, place the new certificate of insurance in a readily accessible location in your vehicle.
An important note is to use similar deductibles and liability limits on every quote and and to get quotes from as many companies as possible. This helps ensure the most accurate price comparison and a better comparison of the market.
A recent survey discovered that a large majority of consumers have remained with the same car insurance company for well over three years, and practically 40% of car insurance customers have never even compared rates from other companies. Most drivers in New Orleans could cut their rates by $900 a year just by comparing rates, but most undervalue the amount of savings they would get if they bought a different policy.
Locating the best rates in New Orleans is much easier if you have a good place to start. In essence, every person who shops for insurance will more than likely get a lower-priced policy. Nevertheless, Louisiana drivers need to learn how insurance companies determine premium rates because rates are impacted by many factors.
The best way to get rate comparisons for BMW 328i insurance in New Orleans is to know the fact most insurance companies actually pay money for the chance to provide you with a free rate quote. To start a quote, the only thing you need to do is provide the companies a bit of rating information such as if the vehicle is leased, your credit rating estimate, if you require a SR-22, and driver ages. The rating information is automatically sent to multiple different insurance companies and they return rate quotes instantly.
To get price quotes for your BMW 328i now, click here and enter your zip code.
The providers in the list below can provide quotes in Louisiana. To buy the best cheap auto insurance in New Orleans, we recommend you compare several of them to get the best price comparison.
BMW 328i detailed coverage information
The rate information below highlights detailed analysis of insurance costs for BMW 328i models. Learning more about how insurance policy rates are determined can be useful when making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $284 | $564 | $524 | $32 | $158 | $1,562 | $130 |
| 328I 4-Dr Sedan | $284 | $564 | $524 | $32 | $158 | $1,562 | $130 |
| 328I Station Wagon | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| 328I 2-Dr Coupe | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| 328I 2-Dr Coupe | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| 328I xDrive 4-Dr Sedan | $316 | $648 | $524 | $32 | $158 | $1,678 | $140 |
| 328I xDrive 4-Dr Sedan | $316 | $648 | $524 | $32 | $158 | $1,678 | $140 |
| 328I 2-Dr Convertible | $316 | $648 | $524 | $32 | $158 | $1,678 | $140 |
| 328I 2-Dr Convertible | $316 | $648 | $524 | $32 | $158 | $1,678 | $140 |
| 328I 2-Dr Coupe | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| 328I xDrive 2-Dr Coupe | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| 328I xDrive Station Wagon | $316 | $648 | $446 | $26 | $134 | $1,570 | $131 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in vehicle garaging location which can alter premiums substantially.
Insurance deductibles
One of the hardest decisions when shopping for insurance is at what level do you set your deductibles. The comparisons below outline the costs and benefits between high and low policy deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $452 | $850 | $464 | $28 | $140 | $1,959 | $163 |
| 328I 4-Dr Sedan | $452 | $850 | $464 | $28 | $140 | $1,959 | $163 |
| 328I Station Wagon | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| 328I 2-Dr Coupe | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| 328I 2-Dr Coupe | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| 328I xDrive 4-Dr Sedan | $502 | $980 | $464 | $28 | $140 | $2,139 | $178 |
| 328I xDrive 4-Dr Sedan | $502 | $980 | $464 | $28 | $140 | $2,139 | $178 |
| 328I 2-Dr Convertible | $502 | $980 | $464 | $28 | $140 | $2,139 | $178 |
| 328I 2-Dr Convertible | $502 | $980 | $464 | $28 | $140 | $2,139 | $178 |
| 328I 2-Dr Coupe | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| 328I xDrive 2-Dr Coupe | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| 328I xDrive Station Wagon | $502 | $980 | $394 | $24 | $118 | $2,043 | $170 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| 328I 4-Dr Sedan | $330 | $574 | $464 | $28 | $140 | $1,536 | $128 |
| 328I Station Wagon | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| 328I 2-Dr Coupe | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| 328I 2-Dr Coupe | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| 328I xDrive 4-Dr Sedan | $366 | $662 | $464 | $28 | $140 | $1,660 | $138 |
| 328I xDrive 4-Dr Sedan | $366 | $662 | $464 | $28 | $140 | $1,660 | $138 |
| 328I 2-Dr Convertible | $366 | $662 | $464 | $28 | $140 | $1,660 | $138 |
| 328I 2-Dr Convertible | $366 | $662 | $464 | $28 | $140 | $1,660 | $138 |
| 328I 2-Dr Coupe | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| 328I xDrive 2-Dr Coupe | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| 328I xDrive Station Wagon | $366 | $662 | $394 | $24 | $118 | $1,564 | $130 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific location which can impact insurance rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $40 more each month or $480 annually than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally average more than 10 months between claim filings, you would probably come out ahead going with the higher deductible.
The chart below demonstrates how choosing different deductibles and can influence BMW 328i insurance rates for each different age group. Data assumes a single male driver, full coverage, and no policy discounts are applied.
Cost of full coverage in New Orleans
The chart below illustrates the difference between BMW 328i car insurance rates when comparing full coverage to liability only. Data assumes no accidents or driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
When to switch to liability coverage only
There isn’t a written rule of when to drop full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your BMW 328i claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the policy deductible has been paid. If it’s costing you more than $700 a year for full coverage, then you might consider buying liability only.
There are a few cases where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Local agents and auto insurance
A lot of people would rather sit down with an agent. One of the best bonuses of getting free rate quotes online is the fact that drivers can get cheap auto insurance rates but also keep your business local.
To help locate an agent, after submitting this short form, the coverage information is transmitted to local insurance agents in New Orleans who will give you quotes for your insurance coverage. You never need to visit any agencies due to the fact that quote results will go to the email address you provide. You can get cheaper auto insurance rates AND an agent nearby. In the event you want to get a price quote from a specific auto insurance provider, you would need to go to their quote page to submit a rate quote request.
Deciding on an insurer requires you to look at more than just a cheap quote. These are some questions you should get answers to.
- Which family members are covered?
- Is the agent and/or agency licensed to do business in Louisiana?
- Can they provide you with a list of referrals?
- How much experience to they have in personal lines coverages?
- Is there any savings for paying the full premium?
If you need to find a reliable agent, you need to know there are two different types of agencies and how they can service your needs differently. Agencies in New Orleans can be classified as either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Exclusive agents have only one company to place business with and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company’s prices so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents. Some insured continue to buy insurance from these agents primarily because of the prominence of the brand and the convenience of having a single billing for all their coverages.
The following is a list of exclusive insurance agencies in New Orleans who may provide you with rate quotes.
- Allstate Insurance: John Carbo Jr.
621 Homedale St – New Orleans, LA 70124 – (504) 488-0070 – View Map - Chase Dardar – State Farm Insurance Agent
6301 S Claiborne Ave – New Orleans, LA 70125 – (504) 861-4529 – View Map - Beth Anne Naugher – State Farm Insurance Agent
3536 Holiday Dr a – New Orleans, LA 70114 – (504) 367-6660 – View Map
Independent Insurance Agents
Agents in the independent channel are not limited to a single company so as a result can place your coverage with a variety of different insurance companies and help determine which has the cheapest rates. If they find a lower price, your policy is moved internally and you don’t have to find a new agent. If you are comparing rate quotes, you absolutely need to get several quotes from a few independent agents to ensure the widest selection of prices. Most independent agents also contract with small regional insurance companies which could offer lower prices.
Below is a list of independent insurance agents in New Orleans that can give you rate quotes.
- ABC Insurance
4101 S Carrollton Ave c – New Orleans, LA 70119 – (504) 486-0123 – View Map - Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901 – View Map - KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519 – View Map