To save the most money, the best way to find low-cost prices for BMW 328i insurance in Nashville is to regularly compare prices from insurance carriers who sell insurance in Tennessee. Drivers can shop around by following these steps.
- First, it will benefit you to learn about how companies price auto insurance and the measures you can control to keep rates low. Many risk factors that cause high rates like getting speeding tickets and a not-so-good credit rating can be eliminated by paying attention to minor details. Continue reading for ideas to help prevent costly coverage and find overlooked discounts.
- Second, quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes from many different companies. Begin your rate comparison
- Third, compare the new quotes to your current policy premium to see if a cheaper rate is available. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
- Fourth, provide adequate notice to your current company to cancel your current coverage and submit payment and a signed application for the new policy. Once the paperwork is finalized, keep your new proof of insurance paperwork along with the vehicle’s registration papers.
The most important part of shopping around is that you use the same level of coverage on every price quote and and to look at as many auto insurance providers as possible. This provides an accurate price comparison and a complete rate analysis.
Everyone knows that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop for lower prices are highly likely to switch to a new company because of the good chance of getting low-cost coverage. A study discovered that drivers who compared price quotes annually saved approximately $850 each year as compared to drivers who never compared prices.
If finding the cheapest rates on BMW 328i insurance in Nashville is the reason for your visit, understanding how to quote prices and compare coverages can make the process less intimidating.
Best companies for BMW 328i insurance
The providers in the list below are our best choices to provide price quotes in Nashville, TN. To get the cheapest car insurance in Tennessee, it’s a good idea that you compare several of them to get the best price comparison.
Rates and other information
The information displayed next covers detailed analysis of insurance coverage prices for BMW 328i models. Being aware of how auto insurance prices are formulated can assist in making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| 328I 4-Dr Sedan | $172 | $342 | $390 | $24 | $116 | $1,044 | $87 |
| 328I Station Wagon | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| 328I 2-Dr Coupe | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| 328I 2-Dr Coupe | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| 328I xDrive 4-Dr Sedan | $192 | $394 | $390 | $24 | $116 | $1,116 | $93 |
| 328I xDrive 4-Dr Sedan | $192 | $394 | $390 | $24 | $116 | $1,116 | $93 |
| 328I 2-Dr Convertible | $192 | $394 | $390 | $24 | $116 | $1,116 | $93 |
| 328I 2-Dr Convertible | $192 | $394 | $390 | $24 | $116 | $1,116 | $93 |
| 328I 2-Dr Coupe | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| 328I xDrive 2-Dr Coupe | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| 328I xDrive Station Wagon | $192 | $394 | $332 | $20 | $100 | $1,038 | $87 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in specific location information which can increase or decrease auto insurance rates substantially.
Higher deductibles save money
One common question asked by Nashville drivers is at what level do you set your deductibles. The tables below illustrate the rate difference between high and low deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| 328I 4-Dr Sedan | $280 | $528 | $288 | $18 | $86 | $1,225 | $102 |
| 328I Station Wagon | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| 328I 2-Dr Coupe | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| 328I 2-Dr Coupe | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| 328I xDrive 4-Dr Sedan | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| 328I xDrive 4-Dr Sedan | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| 328I 2-Dr Convertible | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| 328I 2-Dr Convertible | $312 | $608 | $288 | $18 | $86 | $1,337 | $111 |
| 328I 2-Dr Coupe | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| 328I xDrive 2-Dr Coupe | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| 328I xDrive Station Wagon | $312 | $608 | $246 | $14 | $74 | $1,279 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $156 | $278 | $288 | $18 | $86 | $826 | $69 |
| 328I 4-Dr Sedan | $156 | $278 | $288 | $18 | $86 | $826 | $69 |
| 328I Station Wagon | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| 328I 2-Dr Coupe | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| 328I 2-Dr Coupe | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| 328I xDrive 4-Dr Sedan | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| 328I xDrive 4-Dr Sedan | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| 328I 2-Dr Convertible | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| 328I 2-Dr Convertible | $174 | $320 | $288 | $18 | $86 | $886 | $74 |
| 328I 2-Dr Coupe | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| 328I xDrive 2-Dr Coupe | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| 328I xDrive Station Wagon | $174 | $320 | $246 | $14 | $74 | $828 | $69 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Premium amounts do not factor in garaging location in Nashville which can affect prices greatly.
We can estimate from the data above that using a $100 deductible costs an average of $37 more each month or $444 annually than quoting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 24 months between claim filings, you would most likely save money if you choose a higher deductible.
How to decide to raise your deductibles
| Average monthly premium for $100 deductibles: | $108 |
| Average monthly premium for $1,000 deductibles (subtract): | – $71 |
| Monthly savings from raising deductible: | $37 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $37 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
One thing to be aware of is that raising deductibles to get cheaper rates results in more money out-of-pocket when you have a physical damage claim. You need to make sure you have some extra savings in order to pay the higher deductible.
Insurance premiums for males and females
The illustration below compares BMW 328i car insurance costs for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, single status, and no discounts are taken into consideration.
Score discounts on Nashville car insurance
Not many people think insurance is cheap, but you may be missing some discounts that can help lower your rates. Certain discounts will be triggered automatically when you quote, but lesser-known reductions have to be manually applied before they will apply. If you’re not getting every credit you qualify for, you could be paying more than you need to.
- Driver Education Discount – It’s a good idea to have your young drivers take driver’s ed class in school or through a local driver safety program.
- Pay Early and Save – By paying your entire bill at once rather than paying in monthly installments you can avoid the installment charge.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and therefore earn up to a 10% discount.
- Driver Safety – Taking time to complete a course teaching defensive driver skills is a good idea and can lower rates depending on where you live.
- Seat Belt Discounts – Buckling up and requiring all passengers to buckle their seat belts may be able to save a few bucks off the personal injury premium cost.
- Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy auto and life insurance together.
- Policy Bundle Discount – If you can bundle your home and auto insurance with the same insurance company you could save up to 20% off your total 328i insurance premium.
- Telematics Discount – Policyholders that allow driving data collection to look at driving patterns by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts as long as they are good drivers.
- Discounts for Responsible Drivers – Insureds without accidents can pay as much as 50% less as compared to drivers with claims.
- Claim Free – Insureds who avoid accidents and claims have much lower rates as opposed to frequent claim filers.
Discounts reduce rates, but you should keep in mind that some credits don’t apply to the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, companies don’t profit that way. Any amount of discount should help reduce your policy premium.
The diagram below compares BMW 328i yearly insurance costs with and without some available policy discounts. The price estimates are based on a female driver, no claims or driving violations, Tennessee 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 marriage, multi-policy, safe-driver, claim-free, multi-car, and homeowner discounts applied.
A list of companies and their possible discounts can be found below.
- Farm Bureau offers discounts for 55 and retired, good student, renewal discount, youthful driver, driver training, and multi-policy.
- State Farm offers discounts including Drive Safe & Save, multiple autos, passive restraint, defensive driving training, driver’s education, good driver, and good student.
- Progressive may include discounts for good student, online quote discount, online signing, multi-policy, continuous coverage, homeowner, and multi-vehicle.
- Allstate may offer discounts for premier discount, anti-theft, FullPay discount, multi-policy, EZ pay plan discount, and senior citizen.
- Nationwide discounts include business or organization, good student, easy pay, Farm Bureau membership, accident-free, anti-theft, and family plan.
- MetLife has discounts for good student, multi-policy, accident-free, claim-free, and good driver.
Before you buy a policy, ask each insurance company how you can save money. Some credits might not apply in Nashville. For a list of companies offering car insurance discounts in Nashville, click here to view.
Smart Buyers Know How to Get Car Insurance for Less
Many things are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving history, although some other factors are less obvious like your vehicle usage or your commute time.
- What are your deductibles? – Comp and collision deductibles are how much you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Some coverage claims are collision with another vehicle, animal collisions, or theft of your vehicle. The more of the claim you pay before a claim is paid (deductible), the less your company will charge you for insurance.
- Small claims can cost you – If you are a frequent claim filer, you can expect much higher rates or policy non-renewal. Insurance companies in Tennessee award cheaper rates to insureds who file claims infrequently. Your car insurance is intended for larger claims.
- How much liability insurance – The liability coverage on your policy will protect you if ever you are responsible for personal injury or accident damage. Your liability coverage provides you with a defense in court starting from day one. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
- Policy add-ons add up – Insurance policies have a lot of additional coverages that can add up if you aren’t diligent. Things like rental car reimbursement, better glass coverage, and motor club memberships could be just wasting money. They may sound like good ideas initially, but your needs may have changed so remove them from your policy.
Insurance is available from local insurance agents
Many drivers still like to have an agent’s advice and doing that can be a smart decision Good agents are trained to spot inefficiencies and help you file claims. One of the best bonuses of price shopping on the web is you may find cheap rate quotes but also keep your business local.
After completing this short form, your information is submitted to insurance agents in Nashville that can give you free Nashville auto insurance quotes for your insurance coverage. It’s much easier because you don’t need to leave your house as quotes are delivered immediately to your email address. If you want to get a price quote from a particular provider, you would need to search and find their rate quote page to submit a rate quote request.
Selecting a company requires more thought than just a low price. Here are some questions you might want to ask.
- Can they give you a list of client referrals?
- What is the financial rating for the quoted company?
- How long has their agency been open in Nashville?
- Do they carry Errors and Omissions coverage?
- Will the company cover a rental car if your car is getting fixed?
If you’re trying to find a reputable agency, there are two types of agencies and how they work. Insurance policy providers are considered either independent (non-exclusive) or exclusive. Both can sell and service insurance coverage, but it’s important to point out why they differ because it can impact which agent you choose.
Exclusive Agencies
Agents in the exclusive channel can only quote rates from one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. They are well trained on what they offer which helps them sell insurance even at higher premiums.
Below is a short list of exclusive insurance agents in Nashville who may provide you with price quote information.
Wally Knox – State Farm Insurance Agent
5110 Delaware Ave – Nashville, TN 37209 – (615) 297-3527 – View Map
Barbara Stewart – State Farm Insurance Agent
3055 Lebanon Pike #2103 – Nashville, TN 37214 – (615) 391-5300 – View Map
Jerry Matthews – State Farm Insurance Agent
2010 Old Murfreesboro Rd – Nashville, TN 37217 – (615) 361-1516 – View Map
Independent Insurance Agents
Independent agents are not employed by any specific company so they can write business with an assortment of companies and potentially find a lower price. If your agent finds better pricing, they simply move your policy to a different company which is easy for the insured.
When comparing rates, you will want to include a couple of independent agencies to maximize your price options.
Shown below is a short list of independent insurance agents in Nashville that can give you rate quotes.
Nationwide Insurance: Gaffney Insurance Agency and Financial Services LLC
946 Jefferson St #103 – Nashville, TN 37208 – (615) 733-3133 – View Map
Varallo Insurance Agency
296 White Bridge Pike – Nashville, TN 37209 – (615) 352-5747 – View Map
Eby Insurance
65 Parris Ave – Nashville, TN 37210 – (615) 254-8343 – View Map
After getting good answers to any questions you may have and a low price estimate, you have narrowed it down to an insurance agent that can be trusted to service your policy.
Compare but don’t skimp
We covered some good ideas how to shop for BMW 328i insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding the cheapest BMW 328i rate quotes. Consumers may even find the lowest priced auto insurance comes from some of the lesser-known companies. Regional companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as State Farm or Progressive.
Discount BMW 328i insurance in Nashville is attainable online in addition to local insurance agencies, so you need to quote Nashville auto insurance with both so you have a total pricing picture. Some companies may not have rate quotes online and many times these regional insurance providers work with independent insurance agencies.
More tips and info about auto insurance is available by following these links:
- Young Drivers: The High Risk Years Video (iihs.org)
- What Auto Insurance is Cheapest for a Ford Explorer in Nashville? (FAQ)
- Who Has Affordable Car Insurance Rates for High Mileage Drivers in Nashville? (FAQ)
- Who Has Affordable Car Insurance for Hybrid Vehicles in Nashville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in Nashville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Low Credit Scores in Nashville? (FAQ)
- Who Has Affordable Nashville Auto Insurance Quotes for 4×4 Vehicles? (FAQ)
- How Much are Auto Insurance Quotes for State Employees in Nashville? (FAQ)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Distracted Driving (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)
- Choosing a Car for Your Teen (State Farm)