Lower Your 1991 BMW 5 Series Insurance Quotes

Wish you could get out of an overpriced insurance policy? Don’t sweat it because you’re not the only one.

Due to the increasing number of choices, it can be challenging to pick the right company.

The purpose of this post is to teach you how to get online quotes and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these techniques. But car owners benefit from understanding how insurance companies price insurance differently.

The quickest way to compare rates is to know the trick most insurance companies actually pay money for the chance to give free rates quotes. All consumers are required to do is give them rating details like how much education you have, how much you drive, an estimate of your credit level, and any included safety features. Your information is submitted instantly to multiple car insurance providers and you should receive rate quotes almost instantly.

Save a ton by applying discounts

Some companies don’t necessarily list the complete list of policy discounts very well, so here is a list a few of the more common and also the more inconspicuous savings tricks you should be using when you buy insurance online.

Discount for Low Mileage – Driving less can earn slightly better rates than normal.
Membership in Organizations – Joining specific professional or occupational memberships or organizations could earn you a nice discount on insurance.
Savings for New Vehicles – Insuring a vehicle that is new can save up to 30% because new model year vehicles keep occupants safer.
Responsible Driver Discount – Drivers who avoid accidents can pay as much as 50% less for 5 Series insurance than their less cautious counterparts.
Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts can receive discounts of 25 to 30%.

Remember that some credits don’t apply to the entire cost. Most only reduce individual premiums such as liability, collision or medical payments. Despite the fact that it seems like it’s possible to get free car insurance, companies don’t profit that way.

The best insurance companies and some of the premium reductions they offer can be found below.

State Farm offers discounts for multiple policy, Steer Clear safe driver discount, accident-free, good student, and passive restraint.
Geico may offer discounts for membership and employees, emergency military deployment, seat belt use, military active duty, multi-policy, and federal employee.
SAFECO has savings for safe driver, homeowner, drive less, multi-car, and teen safe driver.
Farmers Insurance has discounts for bundle discounts, alternative fuel, teen driver, mature driver, and youthful driver.
AAA offers discounts including good driver, multi-car, multi-policy, good student, education and occupation, and anti-theft.
USAA may have discounts that include defensive driver, good student, annual mileage, loyalty savings, multi-policy, family discount, and new vehicle.

If you need lower rates, check with every company to give you their best rates. Depending on the company, some discounts may not apply to policyholders in your area. To see a list of insurers who offer cheap insurance quotes, click this link.

Your insurance coverage should be tailored to you

When buying proper insurance coverage, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions might point out if your insurance needs might need professional guidance.

Will my insurance pay for OEM parts?
Do I get a pro-rated refund if I cancel my policy early?
Are my tools covered if they get stolen from my vehicle?
Does medical payments coverage apply to all occupants?
Am I covered when driving in Canada or Mexico?
Am I better off with higher deductibles on my 1991 BMW 5 Series?
Which companies will insure high-risk drivers?
Does my policy cover my teen driver if they drive my company car?
Does my 1991 BMW 5 Series need full coverage?
What is high-risk coverage and where do I buy it?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Coverage specifics

Having a good grasp of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are typical coverage types found on most car insurance policies.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like rehabilitation expenses, EMT expenses and prosthetic devices. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

Comprehensive auto coverage

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

Comprehensive can pay for things like damage from a tornado or hurricane, hail damage, damage from flooding and a broken windshield. The most your car insurance company will pay 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.

Coverage for liability

Liability insurance provides protection from injuries or damage you cause to people or other property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims like pain and suffering, loss of income, legal defense fees and medical services. How much coverage you buy is up to you, but you should buy as much as you can afford.

Coverage for collisions

This coverage will pay to fix damage to your 5 Series resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as damaging your car on a curb, sustaining damage from a pot hole, backing into a parked car, colliding with another moving vehicle and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also raise the deductible to bring the cost down.