Affordable Insurance for a BMW 328i in Dallas

Insurance for BMW 328iThe most effective way to get cheaper BMW 328i insurance in Dallas is to start doing a yearly price comparison from different companies who can sell car insurance in Texas.

  1. Get a basic knowledge of how companies price auto insurance and the changes you can make to prevent expensive coverage. Many things that cause high rates such as speeding tickets, careless driving and a bad credit rating can be improved by making minor changes to your lifestyle. Keep reading for more details to help reduce prices and get additional discounts that may be available.
  2. Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like GEICO and Allstate, while independent agencies can provide prices from multiple insurance companies.
  3. Compare the new rates to your existing rates and see if there is a cheaper rate. If you find a lower rate and switch companies, ensure coverage does not lapse between policies.

One thing to point out is to make sure you enter similar deductibles and liability limits on every quote and and to get price quotes from as many different insurance providers as possible. Doing this enables a level playing field and a thorough price selection.

A recent survey discovered that 70% of consumers have remained with the same car insurance company for at least four years, and practically 40% of car insurance customers have never compared rate quotes at all. With the average premium in Texas being $2,679, drivers could save an average of 70% each year, but they just assume it takes a lot of time to do a rate comparison.

Lower Insurance Rates with These Tips

When buying insurance it’s important to understand the rating factors that go into determining insurance rates. If you understand what determines base rates, this allows you to make good choices that could help you find lower rates.

The list below includes a few of the things used by insurance companies to determine premiums.

Insurance analysis for a BMW 328i

The price information below showcases different policy rates for BMW 328i models. Being more informed about how insurance prices are figured is important for drivers to make smart choices when comparing insurance quotes.


BMW 328i Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
328I 4-Dr Sedan $264 $542 $462 $28 $138 $1,434 $120
328I 4-Dr Sedan $264 $542 $462 $28 $138 $1,434 $120
328I Station Wagon $294 $624 $392 $24 $118 $1,452 $121
328I 2-Dr Coupe $294 $624 $392 $24 $118 $1,452 $121
328I 2-Dr Coupe $294 $624 $392 $24 $118 $1,452 $121
328I xDrive 4-Dr Sedan $294 $624 $462 $28 $138 $1,546 $129
328I xDrive 4-Dr Sedan $294 $624 $462 $28 $138 $1,546 $129
328I 2-Dr Convertible $294 $624 $462 $28 $138 $1,546 $129
328I 2-Dr Convertible $294 $624 $462 $28 $138 $1,546 $129
328I 2-Dr Coupe $294 $624 $392 $24 $118 $1,452 $121
328I xDrive 2-Dr Coupe $294 $624 $392 $24 $118 $1,452 $121
328I xDrive Station Wagon $294 $624 $392 $24 $118 $1,452 $121
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate information does not factor in specific zip code location which can increase or decrease premium rates significantly.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The comparisons below determine the differences in premium rates when you buy lower versus higher policy deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price grid 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 $332 $584 $382 $22 $114 $1,459 $122
328I 4-Dr Sedan $332 $584 $382 $22 $114 $1,459 $122
328I Station Wagon $370 $672 $324 $20 $96 $1,507 $126
328I 2-Dr Coupe $370 $672 $324 $20 $96 $1,507 $126
328I 2-Dr Coupe $370 $672 $324 $20 $96 $1,507 $126
328I xDrive 4-Dr Sedan $370 $672 $382 $22 $114 $1,585 $132
328I xDrive 4-Dr Sedan $370 $672 $382 $22 $114 $1,585 $132
328I 2-Dr Convertible $370 $672 $382 $22 $114 $1,585 $132
328I 2-Dr Convertible $370 $672 $382 $22 $114 $1,585 $132
328I 2-Dr Coupe $370 $672 $324 $20 $96 $1,507 $126
328I xDrive 2-Dr Coupe $370 $672 $324 $20 $96 $1,507 $126
328I xDrive Station Wagon $370 $672 $324 $20 $96 $1,507 $126
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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 $206 $368 $382 $22 $114 $1,092 $91
328I 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
328I Station Wagon $228 $424 $324 $20 $96 $1,092 $91
328I 2-Dr Coupe $228 $424 $324 $20 $96 $1,092 $91
328I 2-Dr Coupe $228 $424 $324 $20 $96 $1,092 $91
328I xDrive 4-Dr Sedan $228 $424 $382 $22 $114 $1,170 $98
328I xDrive 4-Dr Sedan $228 $424 $382 $22 $114 $1,170 $98
328I 2-Dr Convertible $228 $424 $382 $22 $114 $1,170 $98
328I 2-Dr Convertible $228 $424 $382 $22 $114 $1,170 $98
328I 2-Dr Coupe $228 $424 $324 $20 $96 $1,092 $91
328I xDrive 2-Dr Coupe $228 $424 $324 $20 $96 $1,092 $91
328I xDrive Station Wagon $228 $424 $324 $20 $96 $1,092 $91
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in Dallas location which can modify coverage prices greatly.

Based on this data, using a $250 deductible costs approximately $34 more each month or $408 for a full year across all BMW 328i models than selecting the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at least 22 months between claim filings, you would save more money if you choose the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $127
Average monthly premium for $1,000 deductibles (subtract): – $93
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One important caveat is that raising deductibles to get cheaper rates results in having to pay to pay more out-of-pocket when you do file a claim. You need to have enough extra money in order to pay the deductible.

The example below demonstrates how choosing different deductibles and can change BMW 328i premium costs for each age group. The information is based on a single male driver, full coverage, and no additional discounts are factored in.

Cost comparison with and without full coverage

The illustration below compares BMW 328i yearly insurance costs with liability coverage only compared to full coverage. The premiums are based on no violations or accidents, $1,000 deductibles, single status, and no discounts are applied.

When to switch to liability coverage only

There is no exact rule for dropping physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your BMW 328i replacement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the policy deductible has been paid. If premium cost is more than $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Discounts mean cheaper rates for BMW 328i insurance in Dallas

Properly insuring your vehicles can get expensive, but you may be missing some discounts to reduce the price significantly. A few discounts will be applied at the time of purchase, but occasionally some discounts must be requested specifically in order for you to get them.Save money with discounts

You can save money using discounts, but most of the big mark downs will not be given to the entire policy premium. Some only reduce individual premiums such as liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, it just doesn’t work that way.

The chart below shows the difference between BMW 328i yearly insurance costs with and without discounts applied. The premium estimates are based on a male driver, no claims or driving citations, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, multi-car, marriage, and safe-driver discounts applied.

A list of car insurance companies and some of the premium reductions they offer are detailed below.

If you want the cheapest BMW 328i rate quotes, ask each company which discounts can lower your rates. Some of the discounts discussed earlier may not apply to policyholders in Dallas. To see a list of insurance companies with the best BMW 328i insurance discounts in Texas, click here.

One last thing about your coverage

While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. There have been many situations where drivers have reduced uninsured motorist or liability limits only to regret that it was a big error on their part. The goal is to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.

Cheap BMW 328i insurance in Dallas is available online as well as from independent agents in Dallas, and you should compare rates from both in order to have the best price selection to choose from. There are still a few companies who may not provide the ability to get quotes online and these regional carriers prefer to sell through independent agents.

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