Find Affordable BMW 328i Insurance in Minneapolis

Insurance for BMW 328iReally, the only way to find more affordable car insurance rates in Minneapolis is to do a yearly price comparison from insurance carriers who provide auto insurance in Minnesota.

First, try to understand car insurance and the modifications you can make to lower rates. Many things that are responsible for high rates like traffic citations and an unacceptable credit score can be eliminated by making minor driving habit or lifestyle changes. Keep reading for additional ideas to help prevent high rates and get additional discounts.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers. View companies

Third, compare the new rate quotes to the price on your current policy and see if you can save money. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide written notification to your current company of your decision to cancel your existing policy. Submit the required down payment along with the signed application to the new insurer. Don’t forget to place your new certificate of insurance in an easily accessible location.

An important note is to try to compare the same liability limits and deductibles on every quote and and to get price estimates from as many auto insurance providers as possible. This ensures an accurate price comparison and a thorough price selection.

Astonishing but true, a large majority of drivers in Minnesota kept their coverage with the same car insurance company for at least four years, and just short of a majority have never shopped around. Consumers in the United States could save approximately $859 each year by just comparing quotes, but they just assume it’s a time-consuming process to find affordable insurance by shopping around.

If you are paying for car insurance now, you will be able to save money using these tips. Comparison shopping for the most affordable insurance coverage in Minneapolis is not as confusing as people think. Although Minnesota car owners should learn how insurance companies determine how much to charge and use this information to your advantage.

The majority of larger companies provide insurance quotes direct online. Comparing BMW 328i insurance rates online is easy for anyone as you simply type in your personal and coverage information into the form. Behind the scenes, the system obtains your driving and credit reports and provides a quote based on many factors.

Being able to quote online for BMW 328i insurance in Minneapolis makes it a lot easier to compare rates and it’s necessary to have as many quotes as possible if you want to get cheap auto insurance pricing.

To use this form to compare rates, take a look at the companies shown below. If you have your current policy handy, we recommend you complete the form with the insurance coverages exactly as they are listed on your policy. This guarantees you will have a price comparison using the exact same coverages.

The companies shown below can provide price quotes in Minnesota. In order to find cheaper auto insurance in Minneapolis, it’s a good idea that you visit as many as you can to find the most affordable auto insurance rates.

Car insurance does more than just repair your car

Despite the high insurance cost for a BMW 328i in Minneapolis, paying for car insurance may be required for several reasons.

First, almost all states have minimum liability requirements which means you are required to carry a minimum amount of liability coverage in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a loan, almost every bank will require that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank will be required to insure your BMW for a much higher rate and make you pay for the much more expensive policy.

Third, insurance safeguards not only your BMW but also your financial assets. Insurance will pay for many types of medical costs that are the result of an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you cause an accident and are sued. If your car is damaged in a storm or accident, your car insurance policy will pay to repair the damage.

The benefits of insuring your 328i definitely exceed the price paid, specifically if you ever have a liability claim. The average driver in America is overpaying over $750 every year so it’s important to compare rates once a year at a minimum to be sure current rates are still competitive.

Rates and statistics

The premium table below highlights different insurance prices for BMW 328i models. Understanding how rate quotes are formulated can help customers make smart policy decisions.


BMW 328i Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $276 $486 $318 $18 $94 $1,192 $99
328I 4-Dr Sedan $276 $486 $318 $18 $94 $1,192 $99
328I Station Wagon $308 $560 $270 $16 $80 $1,234 $103
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,234 $103
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,234 $103
328I xDrive 4-Dr Sedan $308 $560 $318 $18 $94 $1,298 $108
328I xDrive 4-Dr Sedan $308 $560 $318 $18 $94 $1,298 $108
328I 2-Dr Convertible $308 $560 $318 $18 $94 $1,298 $108
328I 2-Dr Convertible $308 $560 $318 $18 $94 $1,298 $108
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,234 $103
328I xDrive 2-Dr Coupe $308 $560 $270 $16 $80 $1,234 $103
328I xDrive Station Wagon $308 $560 $270 $16 $80 $1,234 $103
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rate quotes do not factor in zip code location which can modify price quotes substantially.

Raise deductibles and save

One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The following insurance rates may help to conceptualize the costs and benefits when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $250 deductible and the second rate table uses a $500 deductible.


BMW 328i insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $276 $486 $318 $18 $94 $1,217 $101
328I 4-Dr Sedan $276 $486 $318 $18 $94 $1,217 $101
328I Station Wagon $308 $560 $270 $16 $80 $1,259 $105
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,259 $105
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,259 $105
328I xDrive 4-Dr Sedan $308 $560 $318 $18 $94 $1,323 $110
328I xDrive 4-Dr Sedan $308 $560 $318 $18 $94 $1,323 $110
328I 2-Dr Convertible $308 $560 $318 $18 $94 $1,323 $110
328I 2-Dr Convertible $308 $560 $318 $18 $94 $1,323 $110
328I 2-Dr Coupe $308 $560 $270 $16 $80 $1,259 $105
328I xDrive 2-Dr Coupe $308 $560 $270 $16 $80 $1,259 $105
328I xDrive Station Wagon $308 $560 $270 $16 $80 $1,259 $105
Get Your Own Custom Quote Go

BMW 328i insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $224 $392 $318 $18 $94 $1,046 $87
328I 4-Dr Sedan $224 $392 $318 $18 $94 $1,046 $87
328I Station Wagon $250 $452 $270 $16 $80 $1,068 $89
328I 2-Dr Coupe $250 $452 $270 $16 $80 $1,068 $89
328I 2-Dr Coupe $250 $452 $270 $16 $80 $1,068 $89
328I xDrive 4-Dr Sedan $250 $452 $318 $18 $94 $1,132 $94
328I xDrive 4-Dr Sedan $250 $452 $318 $18 $94 $1,132 $94
328I 2-Dr Convertible $250 $452 $318 $18 $94 $1,132 $94
328I 2-Dr Convertible $250 $452 $318 $18 $94 $1,132 $94
328I 2-Dr Coupe $250 $452 $270 $16 $80 $1,068 $89
328I xDrive 2-Dr Coupe $250 $452 $270 $16 $80 $1,068 $89
328I xDrive Station Wagon $250 $452 $270 $16 $80 $1,068 $89
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium costs do not factor in specific location which can modify price quotes significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $16 more each month or $192 every year averaged for all 328i models than opting for the higher $500 deductible. Because you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go more than 16 months between claim filings, you would more than likely save some money if you opt for a higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $106
Average monthly premium for $500 deductibles (subtract): – $90
Monthly savings from raising deductible: $16
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important caveat is that a higher deductible results in a higher out-of-pocket expense when you file a claim. That will necessitate enough extra savings in the event you have to pay more for the deductible.

Slash your auto insurance rates with discounts

Auto insurance is expensive, but there could be available discounts to help bring down the price. Certain credits will be shown at quote time, but a few need to be inquired about before being credited.Save money with discounts

Drivers should understand that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

The diagram below shows the comparison of BMW 328i car insurance rates with and without discounts. The premiums assume a male driver, no driving violations, no at-fault accidents, Minnesota state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, claim-free, marriage, and multi-policy discounts applied.

Larger auto insurance companies and a summarized list of policyholder discounts are included below.

Before buying, ask every insurance company how many discounts you can get. Depending on the company, some discounts might not apply in every state. To choose insurers who offer cheap BMW 328i insurance quotes in Minneapolis, click here.

Do I need special coverages?

When buying the best auto insurance coverage, there really is no single plan that fits everyone. Each situation is unique and your auto insurance should unique, too.Safe vehicles cost less to insure
These are some specific questions might point out whether you could use an agent’s help.

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier