1990 BMW 5 Series Insurance Quotes – 8 Tips for Best Rates

Want cheaper insurance coverage rates for your BMW 5 Series? Nobody I know likes paying for insurance coverage, particularly when they could find better prices if they shop around.

Having so many companies and agents to choose from, it can be diffult for drivers to locate a more affordable insurance company.

How to get low cost car insurance

Most companies such as State Farm, Geico and Progressive make it easy to get prices for coverage direct online. Getting prices online is very simple as you just type in the coverage amounts you desire into the form. When complete, their quoting system automatically orders credit information and your driving record and returns a price quote determined by many factors. Online price quotes makes it easy to compare insurance prices but the process of having to visit different websites and type in the same information can be a bit tiresome and repetitive. But it’s necessary to compare as many rates as possible if you want to get the lowest car insurance rates.

A more efficient way to compare rates uses just one form that analyzes rates from many companies. It saves time, requires less work, and makes online shopping much easier to do. Immediately after you send the form, it gets priced and you are able to buy any or none of the returned quotes.

If the quotes result in lower rates, you simply finish the application and purchase coverage. It takes 15 minutes at the most and you will find out if you’re overpaying now.

To quickly fill out one form to compare multiple rates now, click here to open in new window and input your coverage information. To compare your current rates, we recommend you duplicate identical to your current policy. This guarantees you will have a rate comparison using the same coverage and limits.

Lower-cost car insurance rates with discounts

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Most are applied at the time of quoting, but occassionally some discounts must be specially asked for before being credited. If they aren’t giving you every credit possible, you could be paying more than you need to.

  • Accident-Free Discounts – Drivers who don’t have accidents pay much less as compared to drivers with a long claim history.
  • Accident Forgiveness – Not necessarily a discount, but companies like Geico and Allstate will let one accident slide before hitting you with a surcharge so long as you are claim-free for a set time period.
  • Theft Prevention System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • More Vehicles More Savings – Buying a policy with more than one vehicle with one company may reduce the rate for each vehicle.
  • College Student – Kids who are enrolled in a college that is more than 100 miles from home and do not take a car to college could qualify for this discount.
  • Fewer Miles Equal More Savings – Keeping the miles down on your BMW could qualify for lower premium rates on the low mileage vehicles.
  • Discount for Multiple Policies – If you combine your home and auto policies with the same insurance company you may earn at least 10 to 15 percent or more.
  • Senior Discount – Drivers over the age of 55 may receive a small discount on rates for 5 Series coverage.

It’s important to understand that many deductions do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears all the discounts add up to a free policy, you won’t be that lucky. But all discounts will lower your policy premium.

To locate car insurance companies with the best discounts, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying adequate coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions might point out if you could use an agent’s help.

  • How much can I save by bundling my policies?
  • Why does it cost so much to insure a teen driver?
  • What is the rate difference between pleasure use and commuting?
  • Should I have combined single limit or split liability limits?
  • Am I covered when delivering products for my home-based business?
  • Can my teen driver be rated on a liability-only vehicle?
  • How high should my medical payments coverage be?

If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Auto insurance coverage information

Learning about specific coverages of insurance can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by insurance companies.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your 1990 BMW 5 Series.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.

Coverage for liability

Liability coverage provides protection from injuries or damage you cause to a person or their property. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability insurance covers claims such as bail bonds, funeral expenses, court costs, emergency aid and medical expenses. How much coverage you buy is your choice, but buy as much as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for things like nursing services, chiropractic care, doctor visits, prosthetic devices and funeral costs. They are used in conjunction with a health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, a tree branch falling on your vehicle, a broken windshield, damage from flooding and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

A penny earned…

We’ve covered a lot of tips how to lower your 1990 BMW 5 Series insurance rates. The key concept to understand is the more companies you get car insurance rates for, the more likely it is that you will get a better rate. You may be surprised to find that the biggest savings come from a lesser-known regional company. Smaller companies may have significantly lower car insurance rates on certain market segments than their larger competitors like State Farm and Allstate.

Cheaper insurance can be bought online in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. Some companies may not offer the ability to get quotes online and most of the time these regional insurance providers only sell through independent agents.

More tips and info about insurance is located by following these links: