Shocking but true, over 70% of drivers have been with the same company for four years or more, and almost half have never compared rates with other companies. With the average insurance premium being $1,470, Kansas City drivers could save as much as $320 each year just by comparing rates, but they don’t invest the time required to compare rates and save money.
The best way to get more affordable BMW M3 insurance in Kansas City is to regularly compare prices from insurance carriers in Missouri.
Step 1: Get a basic knowledge of how your policy works and the factors you can control to prevent high rates. Many policy risk factors that result in higher rates like accidents, careless driving, and a bad credit rating can be controlled by making lifestyle changes or driving safer. This article gives more information to help prevent expensive coverage and get additional discounts that may be available.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices from multiple sources.
Step 3: Compare the new quotes to the premium of your current policy and determine if cheaper M3 coverage is available. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
One piece of advice is that you use the same deductibles and limits on each quote request and to quote with as many companies as you can. Doing this helps ensure a fair price comparison and a better comparison of the market.
If you have a current auto insurance policy or need a new policy, use these techniques to cut your premiums while maximizing coverage. Buying the cheapest auto insurance in Kansas City is actually quite easy if you know where to start. Shoppers just have to use the most effective way to quote multiple rates over the internet.
The companies shown below provide price comparisons in Kansas City, MO. If multiple companies are listed, we recommend you get prices from several of them to get a more complete price comparison.
Cheaper rates with these five discounts on BMW M3 insurance in Kansas City
Some insurers don’t necessarily list all possible discounts very clearly, so the following list contains a few of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Kansas City car insurance online. If you check and find you aren’t receiving every discount you deserve, you could be paying more than you need to.
- Membership in Organizations – Being a member of a qualifying organization could trigger savings when shopping for car insurance.
- Good Student Discount – Getting good grades can save 20 to 25%. The good student discount can last well after school through age 25.
- Include Life Insurance and Save – Some car insurance companies give a lower rate if you buy life insurance.
- Resident Student – Youth drivers who are attending college and leave their car at home may qualify for this discount.
- Telematics Discount – Drivers that enable their insurance company to monitor vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they are good drivers.
Just know that most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, that’s just not realistic.
The chart below illustrates the difference between BMW M3 insurance costs with and without discounts applied. The data is based on a female driver, no claims or driving citations, Missouri 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 safe-driver, homeowner, claim-free, multi-policy, marriage, and multi-car discounts applied.
To see a list of insurers who offer car insurance discounts in Kansas City, follow this link.
Coverage analysis
The rate table displayed next covers different coverage costs for BMW M3 models. Learning how insurance prices are established helps drivers make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $222 | $452 | $256 | $16 | $76 | $1,022 | $85 |
| M3 CI 2-Dr Coupe | $244 | $506 | $256 | $16 | $76 | $1,098 | $92 |
| M3 2-Dr Convertible | $244 | $506 | $256 | $16 | $76 | $1,098 | $92 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can raise or lower auto insurance rates noticeably.
Policy deductibles
The hardest decision when buying coverage is how low should you set your deductibles. The tables below summarize the price difference of buying low and high insurance deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $286 | $532 | $266 | $16 | $80 | $1,205 | $100 |
| M3 CI 2-Dr Coupe | $312 | $594 | $266 | $16 | $80 | $1,293 | $108 |
| M3 2-Dr Convertible | $312 | $594 | $266 | $16 | $80 | $1,293 | $108 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M3 4-Dr Sedan | $176 | $334 | $266 | $16 | $80 | $872 | $73 |
| M3 CI 2-Dr Coupe | $192 | $374 | $266 | $16 | $80 | $928 | $77 |
| M3 2-Dr Convertible | $192 | $374 | $266 | $16 | $80 | $928 | $77 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Prices do not factor in garaging location in Kansas City which can change auto insurance rates considerably.
Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $29 more each month or $348 each year averaged for all M3 models than quoting 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 usually have at least 26 months between claims, you would come out ahead if you opt for a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $105 |
| Average monthly premium for $1,000 deductibles (subtract): | – $76 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 26 months |
An important sidenote is that increasing deductibles to lower your rates means you will have to pay more when you do file a claim. That will require enough extra money in the event you need to pay the deductible to have repairs made.
The example below shows how choosing a deductible and can change BMW M3 yearly insurance costs for different age groups of insureds. The costs are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Poor driving habits will raise your auto insurance rates
The information below demonstrates how citations and accidents raise BMW M3 premium costs for each age group. Data assumes a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Insurance quotes from local Kansas City insurance agencies
Many drivers would rather sit down and talk to an agent and often times that is recommended Professional insurance agents are trained to spot inefficiencies and help submit paperwork. One of the benefits of getting free rate quotes online is the fact that you can find lower prices and still have a local agent. Buying from and supporting local agencies is important particularly in Kansas City.
To find an agent, once you fill out this short form, your coverage information is emailed to local insurance agents in Kansas City who can give free rate quotes for your business. There is no need to visit any agencies due to the fact that quote results will go directly to you. In the event you want to get a comparison quote for a specific company, just jump over to their website and fill out their quote form.
If you want to use a local agent, there are a couple of types of agencies and how they function. Agents in Kansas City are classified as either exclusive or independent. Both types can sell affordable insurance policies, but it’s worth learning the difference between them because it may have an impact on the type of agent you choose.
Independent Insurance Agencies
Agents that elect to be independent are not employed by one company and that enables them to quote your coverage through many companies and potentially find a lower price. If your agent finds better pricing, they can switch companies in-house and you don’t have to find a new agent.
When searching for an agent, you will definitely want to include rate quotes from a couple of independent agencies in order to have the best price comparison.
Below are independent insurance agencies in Kansas City who may provide cheap rate quotes.
Heartland Insurance Agency, Inc.
7301 Mission Rd #242, Prairie Village, KS 66208 – Prairie Village, MO 66208 – (800) 701-5909 – View Map
DeMasters Insurance, LLC
1130 Westport Rd – Kansas City, MO 64111 – (816) 531-1000 – View Map
SIMONE Insurance Agency, LLC
7138 N Norton Ave – Kansas City, MO 64119 – (816) 739-8995 – View Map
Exclusive Agencies
These type of agents can only place business with one company like Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are highly trained on their company’s products which helps offset the inability to provide other markets.
Listed below are Kansas City exclusive agents that are able to give comparison quotes.
Andy Patton – State Farm Insurance Agent
5500 N Oak Trafficway #100 – Kansas City, MO 64118 – (816) 453-6220 – View Map
American Family Insurance – Dewey Osborn
6405 N Oak Trafficway – Kansas City, MO 64118 – (816) 436-7300 – View Map
Farmers Insurance – Deborah York
5775 NW 64th Terrace #201 – Kansas City, MO 64151 – (816) 746-4443 – View Map
Finding a good car insurance agent shouldn’t rely on just a cheap price quote. Any agent in Kansas City should have no problem answering these questions:
- Are aftermarket or OEM parts used to repair vehicles?
- Does the company allow you to choose your own collision repair facility?
- How often do they review coverages?
- Does the agency provide any after hours assistance?
- How long has their agency been open in Kansas City?
- What company do they have the most business with?
- Will they take your side in the event of a claim?
Don’t assume everyone needs the same insurance coverage
Keep in mind that when it comes to choosing a policy, there really is no cookie cutter policy. Your needs are unique to you.
Here are some questions about coverages that can help discover whether or not you might need professional guidance.
- How can I get the company to pay a claim?
- When would I need rental car insurance?
- Does rental coverage apply when I am renting a car?
- Why am I required to buy high-risk coverage?
- Does having multiple vehicles earn me a discount?
- Why am I required to buy liability insurance?
- Is my teenager covered with friends in the car?
- Can I use my car for my catering business?
- Does every company file a SR-22 automatically?
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can help protect your family.
Auto insurance is not optional in Missouri
Even though Kansas City M3 insurance rates can get expensive, buying auto insurance may be required for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability insurance if you want to drive legally. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your M3 has a loan, it’s guaranteed your bank will make it mandatory that you have physical damage coverage to protect their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your BMW for a lot more money and make you pay for the much more expensive policy.
- Insurance safeguards your vehicle and your assets. It will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers legal expenses in the event you are sued. If your BMW gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car greatly outweigh the cost, particularly when you have a large claim. According to a recent study, the average American driver overpays as much as $865 each year so compare quotes from several companies once a year at a minimum to ensure rates are inline.
Educate yourself about insurance coverages
Knowing the specifics of your insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your BMW M3.
Since a lot of drivers carry very low liability coverage limits (25/50/10 in Missouri), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive insurance
This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things like a broken windshield, hitting a deer, damage from flooding and theft. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Coverage for medical expenses
Med pay and PIP coverage provide coverage for short-term medical expenses such as hospital visits, nursing services, ambulance fees and EMT expenses. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Collision insurance
Collision insurance covers damage to your M3 caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things like hitting a parking meter, sustaining damage from a pot hole, hitting a mailbox, rolling your car and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also raise the deductible on your M3 to get cheaper collision coverage.
Liability insurance
Liability coverage can cover damages or injuries you inflict on other people or property. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/10 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage pays for claims like loss of income, medical expenses, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is up to you, but consider buying higher limits if possible. Missouri state law requires minimum liability limits of 25/50/10 but you should think about purchasing higher limits.
The next chart demonstrates why low liability limits may not provide adequate coverage.
Best auto insurance company in Missouri
Picking the highest-rated car insurance company can be challenging considering how many different insurance companies sell coverage in Missouri. The company rank data listed below can help you pick which insurers you want to consider when looking for cheaper rates.
Top 10 Kansas City Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
- Progressive – 87%
Top 10 Kansas City Car Insurance Companies Ranked by Value
- USAA
- GEICO
- AAA Insurance
- State Farm
- Liberty Mutual
- Allstate
- Safeco Insurance
- 21st Century
- Travelers
- Titan Insurance
Affordable car insurance is out there
When you buy Kansas City car insurance online, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an insured cut liability coverage limits only to find out they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.
Throughout this article, we presented many ideas to get a better price on BMW M3 insurance in Kansas City. The key thing to remember is the more companies you get rates for, the higher your chance of finding the cheapest BMW M3 rate quotes. You may even discover the lowest prices come from a small local company.
Insureds switch companies for many reasons like being labeled a high risk driver, an unsatisfactory settlement offer, not issuing a premium refund and even questionable increases in premium. No matter why you want to switch, switching car insurance companies is actually quite simple.
Additional information is available on the following sites:
- State Car Insurance Guides (GEICO)
- How Much are Kansas City Car Insurance Rates for Unemployed Drivers? (FAQ)
- What Insurance is Cheapest for Low Mileage Drivers in Kansas City? (FAQ)
- Who Has Cheap Auto Insurance Rates for Electric Cars in Kansas City? (FAQ)
- Who Has Cheap Kansas City Auto Insurance for Welfare Recipients? (FAQ)
- How Much is Kansas City Auto Insurance for Drivers with Good Credit? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Uninsured Drivers in Kansas City? (FAQ)
- How to Avoid Common Accidents (State Farm)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)
- Prom Night Tips for Teen Drivers (State Farm)