Unbelievable but true, most Florida auto insurance customers renewed their policy with the same company for four years or more, and almost 40% of drivers have never quoted rates to find affordable coverage. With the average auto insurance premium being $1,847, American drivers could save themselves roughly $850 a year just by comparing rates, but most just don’t grasp the actual amount they would save if they switched to a cheaper policy.
The preferred way to find discount car insurance rates in Jacksonville is to regularly compare price quotes from providers who sell auto insurance in Florida. Drivers can shop around by following these steps.
First, try to comprehend coverages and the steps you can take to keep rates in check. Many policy risk factors that result in higher rates like inattentive driving and a poor credit rating can be eliminated by paying attention to minor details. Continue reading for the details to help prevent costly coverage and find more discounts that you may not know about.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive or Allstate, while independent agents can give you price quotes from many different companies.
Third, compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a lower rate quote, make sure there is no coverage gap between policies.
One thing to point out is that you’ll want to compare identical coverages on every quote request and and to compare every company you can. Doing this ensures a level playing field and a complete price analysis.
Learn How to Lower Your Insurance Costs
Many different elements are taken into consideration when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but others are not as apparent like where you live and annual miles driven.
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High performance vehicles cost more to insure – The performance level of the car you need insurance for makes a significant difference in your rates. The cheapest insurance rates are for smaller low performance passenger vehicles, but other factors influence the final cost greatly.
The data below uses these variables: married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The chart compares BMW 328i car insurance rates compared to other makes and models that have a range of performance rating factors.
- Rates and occupation – Did you know your job can affect your rates? Occupational choices like fire fighters, airline pilots, and medical professionals generally pay higher rates than average attributed to high stress levels and long work hours. On the other hand, occupations such as actors, historians and homemakers have lower than average premiums.
- Liability coverage claims can be big – The liability coverage on your policy is the coverage that protects you in the event that you are responsible for damages from an accident. This coverage provides legal defense up to the limits shown on your policy. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should carry high limits.
- Rates are affected by your address – Having an address in small towns and rural areas is a positive aspect when trying to find low car insurance rates. Fewer people means less chance of accidents and lower theft and vandalism rates. City drivers regularly have much more traffic and much longer commute distances. More time on the road means higher likelihood of an accident.
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Teenage drivers pay more – More experienced drivers tend to be more responsible, tend to cause fewer accidents, and receive fewer citations. Youthful drivers are proven to be inattentive in a vehicle and because of this, their car insurance rates are much higher.
The chart below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
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Premiums increase with driving tickets – Getting just one speeding ticket or other violation can boost insurance rates to the point where it’s not affordable. Drivers with clean records tend to pay less for car insurance compared to bad drivers. Drivers who get multiple violations like DUI or willful reckless driving may find they need to maintain a SR-22 with the DMV in their state in order to keep their license.
The information below illustrates how violations and at-fault collisions influence BMW 328i yearly insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
The easiest way to compare insurance rates in your area is to realize most larger insurance companies allow for online access to quote your coverage. All consumers are required to do is give them rating details such as whether you drive to work or school, if your license is active, whether you are married, and the make and model of your vehicles. That rating information is instantly sent to many different companies and they return rate quotes within a short period of time.
To get price quotes for your BMW 328i now, click here and find out if you can get cheaper insurance in Jacksonville.
The following companies offer price comparisons in Florida. If several companies are displayed, it’s a good idea that you compare several of them to get a more complete price comparison.
BMW 328i insurance rate analysis
The premium table below outlines detailed analysis of coverage prices for BMW 328i models. Knowing how auto insurance policy rates are calculated can help customers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $230 | $438 | $400 | $24 | $120 | $1,212 | $101 |
| 328I 4-Dr Sedan | $230 | $438 | $400 | $24 | $120 | $1,212 | $101 |
| 328I Station Wagon | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| 328I 2-Dr Coupe | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| 328I 2-Dr Coupe | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| 328I xDrive 4-Dr Sedan | $256 | $506 | $400 | $24 | $120 | $1,306 | $109 |
| 328I xDrive 4-Dr Sedan | $256 | $506 | $400 | $24 | $120 | $1,306 | $109 |
| 328I 2-Dr Convertible | $256 | $506 | $400 | $24 | $120 | $1,306 | $109 |
| 328I 2-Dr Convertible | $256 | $506 | $400 | $24 | $120 | $1,306 | $109 |
| 328I 2-Dr Coupe | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| 328I xDrive 2-Dr Coupe | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| 328I xDrive Station Wagon | $256 | $506 | $340 | $20 | $102 | $1,224 | $102 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can revise premium rates considerably.
Can higher deductibles save money?
One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The figures shown below may help you to understand the price difference when you select higher and lower comp and collision deductibles. The first table uses a $250 deductible for comp and collision and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $364 | $640 | $418 | $24 | $124 | $1,595 | $133 |
| 328I 4-Dr Sedan | $364 | $640 | $418 | $24 | $124 | $1,595 | $133 |
| 328I Station Wagon | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| 328I 2-Dr Coupe | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| 328I 2-Dr Coupe | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| 328I xDrive 4-Dr Sedan | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
| 328I xDrive 4-Dr Sedan | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
| 328I 2-Dr Convertible | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
| 328I 2-Dr Convertible | $406 | $736 | $418 | $24 | $124 | $1,733 | $144 |
| 328I 2-Dr Coupe | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| 328I xDrive 2-Dr Coupe | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| 328I xDrive Station Wagon | $406 | $736 | $354 | $20 | $106 | $1,647 | $137 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 328I 4-Dr Sedan | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| 328I 4-Dr Sedan | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| 328I Station Wagon | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| 328I 2-Dr Coupe | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| 328I 2-Dr Coupe | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| 328I xDrive 4-Dr Sedan | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
| 328I xDrive 4-Dr Sedan | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
| 328I 2-Dr Convertible | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
| 328I 2-Dr Convertible | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
| 328I 2-Dr Coupe | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| 328I xDrive 2-Dr Coupe | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| 328I xDrive Station Wagon | $330 | $594 | $354 | $20 | $106 | $1,404 | $117 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in garaging location in Jacksonville which can raise or lower price quotes considerably.
Based on the above data, using a $250 deductible will cost in the ballpark of $20 more each month or $240 every year averaged for all 328i models than choosing the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 13 months between claim filings, you would save more money going with the higher deductible.
The chart below illustrates how your deductible choice and can affect BMW 328i insurance costs for different age groups of insureds. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Age-based auto insurance rates by gender in Jacksonville
The illustration below illustrates the comparison of BMW 328i yearly insurance costs for male and female drivers. The data assumes no violations or claims, full physical damage coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.
How much more does full coverage cost?
The information below shows the difference between BMW 328i auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no accidents or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There is no exact formula to stop buying full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s say your BMW 328i claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after the deductible is paid. If premium cost is more than $800 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some circumstances where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Here’s why insurance is not optional
Despite the potentially high cost of BMW 328i insurance, buying insurance serves a purpose in several ways.
- Just about all states have compulsory liability insurance requirements which means state laws require specific limits of liability coverage in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your BMW 328i, it’s guaranteed your bank will make it a condition of the loan that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank may buy a policy for your BMW at a much higher premium rate and require you to fork over much more than you were paying before.
- Insurance protects both your vehicle and your assets. Insurance will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying insurance greatly outweigh the cost, especially when you need to use it. An average driver in America overpays as much as $700 annually so smart consumers compare quotes at every policy renewal to save money.
Get cheaper rates on BMW 328i insurance in Jacksonville with these discounts
Insurance is expensive, but there’s a good chance there are discounts that may help make it more affordable. Some discounts apply automatically at the time you complete a quote, but a few must be requested specifically before you get the savings.
- Air Bags and Passive Restraints – Vehicles with factory air bags or automatic seat belts may earn rate discounts as much as 30%.
- E-sign Discounts – A handful of insurance companies will give a small break for buying a policy and signing up online.
- Multi-policy Discount – If you can bundle your home and auto insurance with one company you could save up to 20% and get you affordable BMW 328i insurance rates in Jacksonville.
- Seat Belt Usage – Drivers who require all vehicle occupants to buckle up can save a little on medical payment and PIP coverage.
- Payment Discounts – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
- Responsible Driver Discount – Accident-free drivers can save up to 40% or more on their Jacksonville car insurance quote compared to rates paid by drivers with frequent claims.
- Military Rewards – Being on active duty in the military could trigger a small discount.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire cost. Most cut individual premiums such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way. But all discounts will positively reduce your policy cost.
The diagram below illustrates the comparison of BMW 328i insurance prices with and without discounts applied to the policy rates. Data assumes a male driver, no violations or accidents, Florida state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, safe-driver, homeowner, and claim-free discounts applied.
A list of insurance companies and the discounts they provide are:
- State Farm policyholders can earn discounts including defensive driving training, Drive Safe & Save, safe vehicle, passive restraint, driver’s education, and accident-free.
- Farmers Insurance includes discounts for bundle discounts, early shopping, business and professional, youthful driver, good student, and distant student.
- GEICO may have discounts that include membership and employees, multi-vehicle, emergency military deployment, five-year accident-free, and good student.
- American Family may include discounts for air bags, defensive driver, early bird, accident-free, multi-vehicle, TimeAway discount, and Steer into Savings.
- Nationwide has savings for Farm Bureau membership, good student, family plan, easy pay, and business or organization.
- Progressive offers discounts including good student, multi-policy, continuous coverage, homeowner, and online signing.
When quoting, ask all the companies which discounts you may be entitled to. Savings might not be offered in Jacksonville. To view companies that offer multiple discounts in Florida, follow this link.
Compare rates but still have a local neighborhood Jacksonville car insurance agent
A lot of people prefer to get advice from a local agent and that is just fine! Good agents will help you protect your assets and will help you if you have claims. A nice benefit of comparing car insurance online is the fact that you can find lower rates but also keep your business local. Supporting local insurance agents is still important in Jacksonville.
After completing this short form, the coverage information is immediately sent to insurance agents in Jacksonville that give free quotes for your business. It makes it easy because there is no need to leave your computer since rate quotes are delivered directly to you. If you need to get a rate quote from a specific company, you can always navigate to their website and submit a quote form there.
Compare rates from both independent and exclusive car insurance agents
If you want to use a good Jacksonville insurance agent, it helps to know the two types of agencies and how they are slightly different. Car insurance agents can be categorized as either independent or exclusive. Either one can insure your vehicles properly, but it is a good idea to know the difference between them because it can impact buying decisions.
Independent Agencies or Brokers
Independent insurance agents do not sell for just one brand so as a result can place your coverage through lots of different companies enabling the ability to shop coverage around. If your agent finds better pricing, they simply move your policy to a different company which requires no work on your part.
When searching for an agent, we recommend you check rates from a couple of independent agencies to maximize your price options. Most also write with less well-known companies that may have much lower rates than larger companies.
Shown below are independent agencies in Jacksonville that may be able to give you competitive price quotes.
- Giella Insurance Agency
7855 Argyle Forest Blvd #502 – Jacksonville, FL 32244 – (904) 783-3388 – View Map - Frye Insurance Agency, Inc.
1851 University Blvd S – Jacksonville, FL 32216 – (888) 812-2985 – View Map - All Lines Insurance Agency
4828 Blanding Blvd Suite 1 – Jacksonville, FL 32210 – (904) 376-7200 – View Map
Exclusive Car Insurance Agents
Agents that choose to be exclusive have only one company to place business with such as State Farm or Allstate. They are unable to compare rates from other companies so they are skilled at selling on more than just price. Exclusive agents are very knowledgeable on sales techniques and that can be a competitive advantage. Many people buy from the same agent for years mainly due to the prominent brand name and the convenience of having a single billing for all their coverages.
Listed below is a list of exclusive agents in Jacksonville that are able to give rate quotes.
- Jim Haskins – State Farm Insurance Agent
6983 103rd St #2 – Jacksonville, FL 32210 – (904) 777-4577 – View Map - Allstate Insurance: Jeff Bernard
7530 103rd St Ste 13 – Jacksonville, FL 32210 – (904) 777-3130 – View Map - Denny Doyle – State Farm Insurance Agent
7807 Baymeadows Rd E #100 – Jacksonville, FL 32256 – (904) 737-3777 – View Map
Picking an car insurance agent should depend on more than just the premium amount. Some important questions to ask are:
- Does the agent recommend any additional coverage?
- Do they have any clout with companies to ensure a fair claim settlement?
- Will you work with the agent or an assistant?
- Do you qualify for any additional discounts?
- Does the agency have a current Errors and Omissions policy?
If you receive acceptable answers to these questions and locked in a price quote, you may have found a car insurance agent that is professional and can properly insure your vehicles.
You may need specialized insurance coverage
When choosing your policy, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and your insurance should unique, too.
Here are some questions about coverages that may help you determine whether your personal situation would benefit from an agent’s advice.
- Why do I only qualify for high-risk insurance?
- Do I have coverage when making deliveries for my home business?
- What is glass protection for?
- Can I get a multi-policy discount?
- Will my insurance pay for OEM parts?
- Can I rent a car in Mexico?
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.
Persistence will pay off
We’ve covered many ways to find cheap BMW 328i insurance in Jacksonville. It’s most important to understand that the more times you quote, the better your comparison will be. You may even find the lowest prices come from some of the lesser-known companies. Some small companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.
As you restructure your insurance plan, don’t be tempted to buy poor coverage just to save money. In many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The aim is to get the best coverage possible at the best cost but still have enough coverage for asset protection.
Additional detailed information can be read at these sites:
- What is Full Coverage? (Allstate)
- Who Has the Cheapest Auto Insurance Rates for a Kia Forte in Jacksonville? (FAQ)
- Who Has the Cheapest Jacksonville Car Insurance Quotes for a Honda Accord? (FAQ)
- Safety Belts FAQ (iihs.org)
- Determining Auto Insurance Rates (GEICO)
- Avoiding Deer Collisions (Insurance Information Institute)