Compare BMW M3 Insurance Quotes in Honolulu

Insurance for BMW M3No one likes having to buy car insurance, particularly when they could lower their rates if they shopped around.

It’s safe to assume that car insurance companies don’t want you comparing rates. Consumers who perform rate comparisons will presumably move their business because of the good chance of finding a lower rate. A recent survey revealed that drivers who regularly compared rates saved over $3,450 over four years compared to those who didn’t regularly shop around.

If finding the best price on auto insurance in Honolulu is your ultimate goal, then learning about how to shop and compare insurance premiums can make it easier for you to save money.

Due to the fact that there are so many insurance providers from which to choose, it can be difficult for drivers to choose a lower cost car insurance provider.

Lower Your Honolulu Insurance Premiums

Part of the auto insurance buying process is learning some of the things that aid in calculating the level of your policy premiums. If you know what determines premiums, this allows you to make educated decisions that may result in cheaper rates.

The items below are a few of the “ingredients” companies use to determine your prices.

Keep in mind that having more price comparisons increases the chance that you will find the best offered rates.

The companies shown below are ready to provide quotes in Hawaii. If multiple providers are shown, we suggest you visit several of them to get the most affordable price.

BMW M3 insurance analysis

The rate information displayed below showcases detailed analysis of rate quotes for BMW M3 models. Learning as much as possible about how insurance premiums are formulated can be useful when making informed decisions.

BMW M3 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
M3 4-Dr Sedan $224 $418 $270 $16 $80 $1,008 $84
M3 CI 2-Dr Coupe $244 $466 $270 $16 $80 $1,076 $90
M3 2-Dr Convertible $244 $466 $270 $16 $80 $1,076 $90
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Table data does not factor in specific location which can alter prices significantly.

Safe drivers pay less for insurance

The information below highlights how speeding tickets and accidents can increase BMW M3 yearly insurance costs for each age group. The premium estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

Car insurance in Hawaii serves several purposes

Despite the high cost, maintaining insurance is required in Hawaii but also provides important benefits.

First, just about all states have mandatory liability insurance requirements which means state laws require a specific level of liability coverage if you drive a vehicle. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your M3, it’s most likely the lender will make it mandatory that you buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank will be required to insure your BMW at an extremely high rate and require you to reimburse them much more than you were paying before.

Third, insurance safeguards not only your vehicle but also your financial assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are named as a defendant in an auto accident. If you have damage to your BMW as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.

The benefits of buying enough insurance more than offset the price you pay, particularly for liability claims. But the average American driver is overpaying more than $865 each year so compare quotes from several companies at every renewal to help ensure money is not being wasted.

You may qualify for discounts for BMW M3 insurance in Honolulu

Car insurance companies don’t list the entire discount list very well, so we researched both well-publicized as well as the least known credits that may apply to you.Discount car insurance

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, that’s just not realistic.

The information below compares BMW M3 insurance premiums with and without discounts applied to the premium. Data assumes a male driver, no claims or violations, Hawaii state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, claim-free, multi-car, and marriage discounts applied.

A few of the larger companies and a partial list of their discounts can be read below.

Check with each insurance company what discounts are available to you. All car insurance discounts may not apply to policyholders in your area. If you would like to see a list of companies that can offer you the previously mentioned discounts in Honolulu, follow this link.

Insurance agents are trained to help

Many drivers would rather buy from a local agent and that can be a great decision The best thing about getting online price quotes is that drivers can save money and get cheap auto insurance quotes and still have an agent to talk to.

Honolulu insurance agentsAfter completing this quick form, your coverage information is emailed to local insurance agents in Honolulu who want to provide quotes for your business. You won’t need to visit any agencies as quotes are delivered to your email. It’s the lowest rates AND a local agent. If you need to get a price quote from a specific company, you can always find their quoting web page and complete a quote there.

Selecting a provider requires more thought than just the premium amount. The following questions are important to ask.

If you want a good Honolulu insurance agent, you should know the types of agencies and how they differ in how they quote coverages. Insurance agencies in Honolulu can be classified as either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agencies

Agents that choose to be exclusive can only quote rates from one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot place coverage with different providers so keep that in mind. Exclusive agents are trained well on their company’s products which helps them compete with independent agents.

The following are exclusive insurance agencies in Honolulu willing to provide price quote information.

560 N Nimitz Hwy #217fHonolulu, HI 96817(808) 524-9997View Map

1259 S Beretania St Ste 1Honolulu, HI 96814(808) 593-8844View Map

2024 N King St #101bHonolulu, HI 96819(808) 842-5844View Map

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Independent Agencies or Brokers

These type of agents are not employed by any specific company so as a result can place your coverage through many companies and find you cheaper rates. If your premiums go up, they simply move the coverage in-house which makes it simple for you.

When comparing auto insurance rates, you need to get rate quotes from multiple independent agents to maximize your price options.

Listed below are Honolulu independent insurance agents willing to provide comparison quotes.

1022 Bethel StHonolulu, HI 96813(808) 643-4000View Map

1440 Kapiolani Blvd # 950Honolulu, HI 96814(808) 942-5353View Map

819 S Beretania StHonolulu, HI 96813(808) 539-1600View Map

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Once you have good responses to all your questions as well as a price you’re happy with, you may have just found an insurance agency that can be relied on to adequately provide auto insurance.

Best auto insurance company in Honolulu

Picking a good quality insurance provider is hard considering how many different companies insure vehicles in Hawaii. The company information shown next can help you pick which auto insurers to look at comparing rate quotes with.

Top 10 Honolulu Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. State Farm – A++
  3. GEICO – A++
  4. Esurance – A+
  5. Nationwide – A+
  6. Allstate – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. AAA Insurance – A
  10. Liberty Mutual – A

Final considerations

While you’re price shopping online, never buy less coverage just to save a little money. In too many instances, an insured cut liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The aim is to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.

We just showed you a lot of ways to find cheap BMW M3 insurance in Honolulu. The most important thing to understand is the more companies you get prices for, the higher the chance of saving money. Consumers may even find the best price on car insurance is with an unexpected company. Smaller companies can often provide lower prices in certain areas than their larger competitors like Progressive or GEICO.

How to quote cheaper BMW M3 insurance in Honolulu

To save the most money, the best way to find the cheapest price for BMW M3 insurance in Honolulu is to make a habit of regularly comparing prices from insurers that sell auto insurance in Hawaii.

A good tip to remember is to try to use identical limits and deductibles on every quote and and to analyze as many companies as possible. This provides an accurate price comparison and plenty of rates choose from.

Even more information can be found by following these links: