Cheapest Insurance for a BMW 328i in Virginia Beach

Insurance rates BMW 328i in Virginia BeachIt takes a few minutes, but the best way to get cheaper car insurance rates is to compare quotes annually from insurance carriers that insure vehicles in Virginia Beach. Rates can be compared by completing these steps.

  1. Try to comprehend what coverages are included in your policy and the things you can control to prevent expensive coverage. Many risk factors that result in higher rates such as getting speeding tickets and poor credit history can be remedied by making minor changes to your lifestyle. Read the full article for more information to prevent expensive rate increases and find missing discounts.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can quote rates for a wide range of insurance providers.
  3. Compare the quotes to your existing rates and determine if there is any savings. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.

A good tip to remember is to use the same physical damage deductibles and liability limits on every price quote and and to look at as many companies as possible. Doing this ensures a fair rate comparison and a good representation of prices.

It’s well known that auto insurance companies don’t want their customers to go rate shopping. Insureds who shop for lower rates will, in all likelihood, switch companies because there is a high probability of finding lower rate quotes. A study showed that consumers who compared rates regularly saved approximately $3,500 over four years as compared to drivers who never compared rates.

If finding the lowest rates on BMW 328i insurance is your ultimate goal, then having a grasp of the best way to shop and compare insurance can save money and time.

If you are insured now or want to find a cheaper company, use these cost-cutting techniques to shop for the lowest rates without reducing protection. Buying the cheapest car insurance in Virginia Beach can be easy if you know a few tricks. You just need to know the most effective way to get comparison quotes online from multiple companies.

Getting cheap insurance pricing isn’t really that difficult. You just need to invest a few minutes comparing rate quotes to discover which company has affordable Virginia Beach auto insurance quotes.

Getting free rate quotes online is quite simple, and it takes the place of having to call or drive to insurance agencies in your area. Quoting and buying BMW 328i insurance online eliminates this option unless your situation requires the professional advice that only a licensed agent can provide. Although you can price shop your coverage online but buy the policy through an agent.

The following companies provide free rate quotes in Virginia Beach, VA. To buy the best auto insurance in Virginia Beach, we suggest you visit two to three different companies to get the best price comparison.

Why you need 328i insurance in Virginia

Despite the high cost of buying insurance for a BMW 328i in Virginia Beach, maintaining insurance is most likely required but also gives you several important benefits.

The benefits of having insurance more than offset the price you pay, especially when you need to use it. According to a recent study, the average American driver is overpaying over $810 a year so it’s recommended you shop around each time the policy renews to ensure rates are inline.

Rates and other information

The price information below outlines estimates of insurance premium costs for BMW 328i models. Having a good understanding how insurance rates are calculated helps drivers make smart policy decisions.


BMW 328i Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $250 $472 $258 $16 $78 $1,074 $90
328I 4-Dr Sedan $250 $472 $258 $16 $78 $1,074 $90
328I Station Wagon $278 $542 $218 $12 $66 $1,116 $93
328I 2-Dr Coupe $278 $542 $218 $12 $66 $1,116 $93
328I 2-Dr Coupe $278 $542 $218 $12 $66 $1,116 $93
328I xDrive 4-Dr Sedan $278 $542 $258 $16 $78 $1,172 $98
328I xDrive 4-Dr Sedan $278 $542 $258 $16 $78 $1,172 $98
328I 2-Dr Convertible $278 $542 $258 $16 $78 $1,172 $98
328I 2-Dr Convertible $278 $542 $258 $16 $78 $1,172 $98
328I 2-Dr Coupe $278 $542 $218 $12 $66 $1,116 $93
328I xDrive 2-Dr Coupe $278 $542 $218 $12 $66 $1,116 $93
328I xDrive Station Wagon $278 $542 $218 $12 $66 $1,116 $93
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rate information does not factor in vehicle location which can influence coverage rates greatly.

Deductible comparison

When comparing insurance rates, the most common question is how high should the deductibles for physical damage be. The rates shown below can help you visualize the premium difference when you buy lower versus higher policy deductibles. The first set of rates uses a $250 deductible and the second data table uses a $1,000 deductible.


BMW 328i insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $224 $394 $258 $16 $78 $995 $83
328I 4-Dr Sedan $224 $394 $258 $16 $78 $995 $83
328I Station Wagon $250 $454 $218 $12 $66 $1,025 $85
328I 2-Dr Coupe $250 $454 $218 $12 $66 $1,025 $85
328I 2-Dr Coupe $250 $454 $218 $12 $66 $1,025 $85
328I xDrive 4-Dr Sedan $250 $454 $258 $16 $78 $1,081 $90
328I xDrive 4-Dr Sedan $250 $454 $258 $16 $78 $1,081 $90
328I 2-Dr Convertible $250 $454 $258 $16 $78 $1,081 $90
328I 2-Dr Convertible $250 $454 $258 $16 $78 $1,081 $90
328I 2-Dr Coupe $250 $454 $218 $12 $66 $1,025 $85
328I xDrive 2-Dr Coupe $250 $454 $218 $12 $66 $1,025 $85
328I xDrive Station Wagon $250 $454 $218 $12 $66 $1,025 $85
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BMW 328i insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $138 $248 $258 $16 $78 $738 $62
328I 4-Dr Sedan $138 $248 $258 $16 $78 $738 $62
328I Station Wagon $154 $286 $218 $12 $66 $736 $61
328I 2-Dr Coupe $154 $286 $218 $12 $66 $736 $61
328I 2-Dr Coupe $154 $286 $218 $12 $66 $736 $61
328I xDrive 4-Dr Sedan $154 $286 $258 $16 $78 $792 $66
328I xDrive 4-Dr Sedan $154 $286 $258 $16 $78 $792 $66
328I 2-Dr Convertible $154 $286 $258 $16 $78 $792 $66
328I 2-Dr Convertible $154 $286 $258 $16 $78 $792 $66
328I 2-Dr Coupe $154 $286 $218 $12 $66 $736 $61
328I xDrive 2-Dr Coupe $154 $286 $218 $12 $66 $736 $61
328I xDrive Station Wagon $154 $286 $218 $12 $66 $736 $61
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in your specific Virginia Beach location which can affect insurance rates considerably.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $23 more each month or $276 every year across all BMW 328i models than choosing the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 33 months between claim filings, you would probably save some money by selecting a higher deductible. The illustration below shows an example of how you can make this decision for your own policy.

Average monthly premium for $250 deductibles: $86
Average monthly premium for $1,000 deductibles (subtract): – $63
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

Does it make sense to buy full coverage?

The illustration below illustrates the comparison of BMW 328i annual premium costs when comparing full coverage to state minimum liability only. The premiums are based on no violations or claims, $100 deductibles, single status, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no set rule that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your BMW 328i settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $2,000 after you pay the deductible. If you are currently paying more than $200 a year for full coverage, then you might want to consider buying only liability coverage.

There are some conditions where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Car insurance policy discounts you can’t miss

Companies that sell car insurance do not list every discount available in an easy-to-find place, so we took the time to find both well-publicized and the harder-to-find discounts you could be receiving when you buy Virginia Beach auto insurance online. If you are not receiving all the discounts possible, you may be paying too high a price.Save money with discounts

As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, it’s just not the way it works.

The chart below visualizes the comparison of BMW 328i insurance prices with and without discounts applied to the policy premium. The data is based on a female driver, no accidents or driving violations, Virginia state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, claim-free, and multi-policy discounts applied.

Large car insurance companies and their offered discounts are outlined below.

Before buying, ask each company what discounts are available to you. Some discounts listed above might not be offered on policies in your state. To find providers who offer car insurance discounts in Virginia Beach, click here to view.

Best car insurance company in Virginia Beach

Ending up with a high-quality auto insurance company can be difficult considering how many choices there are in Virginia. The information in the lists below could help you pick which companies to look at shopping your coverage with.

Top Car Insurance Companies in Virginia Beach
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
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies