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The 3 Series–a large family sedan–is manufactured by BMW. The luxury car has a 5-star safety rating on the Euro NCAP crash tests. With a starting ex-showroom price of ₹46.90 Lakh (Delhi), the 3 Series comes with an engine capacity of up to 2998cc. Though this four-wheeler is equipped with a traction control system, ABS, 6 airbags, and other safety features, the car cannot protect you against unforeseen threats like accidents, theft, man-made disasters, etc. That’s when comprehensive car insurance comes into play. It offers coverage against all the aforementioned threats and more. In this article, let’s understand more about various BMW 3 Series insurance, variants, prices, and more.

BMW 3 Series Car Variants

The below table highlights the ex-showroom price, fuel type, and estimated third-party insurance premium of different BMW 3 Series variants:

BMW 3 Series Car Variants

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium**

3 Series 330i Sport

₹46.90 Lakh

Petrol

₹7,897

3 Series Luxury Edition

₹50.90 Lakh

Diesel

₹7,897

3 Series 330i M Sport

₹52.90 Lakh

Petrol

₹7,897

3 Series M340i Xdrive

₹65.90 Lakh

Petrol

₹7,897

3 Series M340i Xdrive 50

Jahre M Edition

₹68.90 Lakh

Petrol

₹7,897

*The BMW 3 Series ex-showroom prices are for Delhi and are subject to change based on the city.

 

**Third-party premium rates are indicative. The actual BMW 3 Series car insurance premium cost that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your car insurance policy.

How to Buy BMW 3 Series Car Insurance Online Easily

You can avail BMW 3 Series car insurance at an affordable amount with Bajaj Markets:

 

Step 1: Go to the ‘car insurance premium calculator’ page on the Bajaj Markets website.

 

Step 2: Fill in the vehicle registration number and contact number.

 

Step 3: Choose a suitable coverage for your BMW four-wheeler.

 

Step 4: Fill in the online form and submit your car’s details.

 

Step 5: Complete the payment of your BMW 3 Series Insurance.

 

Step 6: Your car insurance plan will be issued soon!

How to Renew BMW 3 Series Car Insurance Online

Renew your BMW 3 Series insurance in the following way:

 

Step 1: Go to the ‘car insurance renewal’ page on your insurance provider’s website.

 

Step 2: Enter your registration number and mobile number.

 

Step 3: Provide your previous policy details.

 

Step 4: Check your renewal premium.

 

Step 5: Make an instant online payment.

 

Step 6: Download your insurance policy copy.

Why is it Important to Insure Your BMW 3 Series?

Protecting your 3 Series against accidental damages or disasters such as fire or explosion is mandatory amid increasing traffic on the road. If a vehicle is involved in an unfortunate mishap, the cost of replacing car accessories and other damaged parts can be more than ₹1 Lakh for any low-end car. So, imagine the cost to repair a luxury sedan like the BMW 3 Series. But a car insurance policy takes away the monetary burden of covering the repair expenses and manages the legal formalities in case of an accident.

Comprehensive or Third-Party Car Insurance: Which One Should You Buy?

  • Third-Party Car Insurance

Third-party car insurance plans safeguard you against third-party liabilities in case your BMW 3 Series causes an accident. This policy will help you compensate for third-party losses like their property, bodily injuries, or even death. Moreover, third-party liability car insurance is mandatory under the Motor Vehicles Act, 1988, which means, you cannot opt out of it. However, the third-party cover is limited to the losses of a victim.

  • Comprehensive Car Insurance

Comprehensive car insurance secures your BMW against a myriad of perils like calamities, theft, third-party liabilities, etc.. Though this BMW 3 Series car insurance price is higher than the basic plan, its extensive coverage is worth every dime. You not only get a comprehensive cover but also a chance to extend it further with add-on covers!

What’s Covered Under Car Insurance

Third-party insurance covers loss or damage caused to the third party, bodily injuries, death of the victim and offers a personal accident cover. However, with a comprehensive BMW 3 Series car insurance plan, you are protected against expenses incurred due to own damage, third-party liabilities, theft, calamities, and other such perils.

What’s Not Covered Under Car Insurance

The exclusions of BMW 3 Series car insurance are damage resulting from drunk driving, electrical or mechanical breakdown, driving without a valid licence, using a private vehicle for commercial purposes, etc.

Add-On Covers for BMW 3 Series Car Insurance

Opt for the following add-on covers separately with your BMW 3 Series car insurance plan for extra protection:

  • Engine & Tyre Protect Cover

Get the cost of repairing your car’s engine and tyres covered under the engine and tyre protection add-on.

  • Zero Depreciation Cover

With zero depreciation cover, the insurer won’t consider the depreciation rate of your BMW 3 Series and pay out the entire claim amount.

  • Lock & Key Replacement Cover

Have the cost of replacing your car keys covered with the lock and key replacement cover.

  • Roadside Assistance Cover

The roadside assistance add-on cover allows you to seek help in case you are stranded on the road due to a car-related issue.

File a Claim Under BMW 3 Series Car Insurance

Submit the following documents to raise a car insurance claim:

 

  • BMW 3 Series car insurance policy

  • Vehicle details

  • Insurer details

  • Registration Certificate

  • Details of the incident

  • FIR copy in case of theft

  • Original bills and receipts of the vehicle repair

There are two types of BMW 3 Series car insurance claims:

  • Cashless Claim Under Car Insurance

With a cashless claim facility, you can take your BMW 3 Series to a network garage where the bill will be settled by the insurer. You only need to cover the applicable deductibles under the policy.

  • Reimbursement Claim Under Car Insurance

With a reimbursement claim, you can opt for a preferred garage in the case of damage. Here, you need to cover the repair cost and later raise a claim to get the compensation.

How to Avail Lower BMW 3 Series Car Insurance Premium

Make great savings with the below tips to reduce your BMW 3 Series car insurance prices:

  • Opt for No Claim Bonus

The No Claim Bonus (NCB) in Car insurance is a reward that you can avail on your renewal premium for not making any claims during the policy year.

  • Compare Plans Online

You can get a cost-effective BMW 3 Series car insurance quote by comparing plans offered by various insurers.

  • Abide by Traffic Laws

You shall incur fewer claims by following the traffic rules and driving your 3 Series cautiously.

  • Install Anti-Theft Devices

To get an additional reward on your premium, installing ARAI-approved anti-theft devices is a must!

  • Pay for Smaller Claims

Secure the NCB reward by paying for smaller insurance claims if you can afford to cover them.

  • Maintain Your Vehicle

Servicing your BMW regularly and getting it checked for issues will help you keep the insurance claims on the low!

How to Keep Your BMW 3 Series in Pristine Condition

  • Check the Battery

Ascertain that the battery of your 3 Series is in good condition, moreover, cleaning it is a must!

  • Go Through the User Manual

Since the car user manual has all the information regarding your 3 Series, read it carefully and avoid car troubles in the future.

  • Maintain the Tyre Pressure

Before you go on a drive with your BMW, check the tyre pressure and maintain it regularly.

  • Look Out for Warning Lights

In case of any issues, the dashboard of your car shall flash warning lights, so make sure to look out for such signs.

BMW 3 Series Maintenance Cost

You can contact any authorised BMW service centre to get the BMW 3 Series maintenance cost and service schedule.

BMW 3 Series Specifications

Check out the below table to know the key specs of the BMW 3 Series:

Details

Specifications

BMW 3 Series Mileage

11.86 kmpl

Engine Displacement

2998 cc

Transmission Type

Automatic

Max Power

382.19bhp@5800rpm

Max Torque

500Nm@1850-5000rpm

BMW 3 Series Seating Capacity

5

 

BMW 3 Series Fuel Tank Capacity

 

59 Litres

No. of Cylinder

6

Boot Space (Litres)

450

Ground Clearance Unladen

165 mm

BMW 3 Series On-Road Price

Want to know the on-road price for the base model of the BMW 3 Series? Glance through the below table:

City

BMW 3 Series On-Road Price (Base Model)

Chennai

₹62.59 Lakh

Pune

₹61.29 Lakh

Surat

₹56.66 Lakh

Delhi

₹59.95 Lakh

Bangalore

₹64.87 Lakh

Mumbai

₹62.36 Lakh

BMW 3 Series Features

Here are a few features of the BMW 3 Series:

Power Steering

Anti-Lock Braking System

Air Conditioner

Multi-Function Steering Wheel

Driver Airbag

Passenger Airbag

Fog Lamps (Front)

Automatic Climate Control

Cup Holders (Front and Rear)

Odometer

Alloy Wheels

Final Thoughts!

Now that you know the BMW 3 Series car insurance features and importance, you must opt for the right policy to avoid any financial burden. If you own a discontinued BMW 3 Series variant, you can rest assured, as at Bajaj Markets, you can get coverage for such four-wheelers! So, don’t put off the task of purchasing car insurance for your BMW and head over to our platform now.

FAQs on BMW 3 Series Car Insurance

Should I buy the petrol or diesel variant of the BMW 3 Series?

You can choose between the petrol or diesel variant based on how much you use the car every day.

What is the BMW 3 Series top model’s price?

The BMW 3 Series M340i xDrive 50 Jahre M Edition (Petrol) is the top model available at an ex-showroom price of ₹68.90 Lakh in Delhi.

Is the BMW 3 Series safe for Indian roads?

Yes, the BMW 3 Series is extremely safe with a 5-star rating at the Euro NCAP crash test.

Do I have to purchase comprehensive insurance when I buy the 3 Series?

No. Comprehensive insurance is an optional cover, however, it is recommended to opt for it to enjoy extensive coverage against risks.

Can I declare a low Insured Declared Value for BMW 3 Series?

It is advised to always declare the correct Insured Declared Value (IDV) of your car to get the right compensation in case of damage.

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