2012 BMW ActiveHybrid 5 Insurance Cost – 6 Ideas for Best Prices

Wish you could get out of an expensive auto insurance policy? You’re preaching to the choir because many consumers feel financially strained by their auto insurance policy. Numerous car insurance companies battle to insure your vehicles, so it’s not easy to compare every company and uncover the absolute lowest price

Shop auto insurance online

There are a lot of ways to compare auto insurance prices but one way is easier and takes less work. You can waste hours discussing policy coverages with insurance companies in your area, or you could save time and use online quoting to get the quickest rates.

Many of the larger companies belong to an insurance system that allows shoppers to enter their policy data once, and at least one company then gives them pricing based on that data. This system prevents you from having to do quote requests for every auto insurance company.

To enter your information into the quoting system, click to open in new window.

The only downside to getting quotes like this is you don’t know exactly which insurance companies you will receive quotes from. So if you prefer to pick specific insurance companies to receive pricing from, we have a listing of auto insurance companies in your area. Click here to view list.

It’s your choice how you get your quotes, but make absolute certain that you use equivalent coverage information for every company. If you have different data it will be impossible to truly determine the lowest rate.

Insurance coverage advertising gotchas

Drivers can’t avoid all the ads that promise big savings for switching from companies such as Progressive, Geico, Allstate and State Farm. All the companies convey the message about saving some big amount just by switching your coverage to them.

How is it plausible that every one can say the same thing? This is the trick they use.

All companies have specific characteristics for the type of driver that earns them the highest profit. An example of a desirable insured could possibly be married and over the age of 30, has a low-risk occupation, and chooses high deductibles. A customer who meets those qualifications receives the best prices and as a result will probably cut their rates if they switch.

People who do not fit the “perfect” profile will have to pay a more expensive rate which results in the customer buying from a different company. The trick is to say “customers that switch” not “all people who quote” can save as much as they claim. This is how companies can make the claims of big savings. Different companies use different criteria so drivers should compare quotes as often as possible. It’s not possible to predict the company that will have the best prices at this point in time.

Do you qualify for discount car insurance?

Companies offering auto insurance do not advertise every policy discount very well, so the following is a list of a few of the more common and also the more inconspicuous savings tricks you should be using when you buy insurance online.

  • Pay Now and Pay Less – By making one initial payment rather than paying monthly you can avoid the installment charge.
  • Accident Free – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance quote in comparison to drivers who are more careless.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use a seat belt can save up to 15% off the PIP or medical payment premium.
  • College Student Discount – Any of your kids who live away from home to go to college and do not take a car to college may be able to be covered for less.
  • Senior Citizen Discount – Older drivers may qualify for a slight reduction on a insurance quote for ActiveHybrid 5 coverage.
  • Military Discounts – Being on active deployment in the military could mean lower rates.

It’s important to note that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like liability and collision coverage. If you do the math and it seems like you would end up receiving a 100% discount, it’s just not the way it works.

A list of companies and their possible discounts are shown below.

  • Travelers policyholders can earn discounts including new car, good student, IntelliDrive, payment discounts, early quote, home ownership, and driver training.
  • 21st Century may include discounts for driver training, teen driver, defensive driver, homeowners, good student, and 55 and older.
  • State Farm may have discounts that include safe vehicle, good student, student away at school, Steer Clear safe driver discount, good driver, and passive restraint.
  • Geico may offer discounts for emergency military deployment, anti-theft, anti-lock brakes, membership and employees, and air bags.
  • SAFECO has savings for multi-car, teen safe driver, drive less, homeowner, and anti-theft.
  • AAA has discounts for pay-in-full, good driver, multi-policy, AAA membership discount, anti-theft, and multi-car.

If you are trying to find cheaper insurance quotes, ask each company or agent to apply every possible discount. Some of the discounts discussed earlier may not be available in your area. To view car insurance companies who offer free car insurance quotes, follow this link.

What insurance coverages do I need?

When it comes to choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. These are some specific questions may help highlight if you will benefit from professional help.

  • Is a blown tire covered by insurance?
  • Is pleasure use cheaper than using my 2012 BMW ActiveHybrid 5 to commute?
  • How much liability do I need to cover my assets?
  • Can I get a multi-policy discount?
  • Will I lose any money if I cancel my policy before it expires?
  • Are rock chip repairs covered?
  • Why do I only qualify for high-risk insurance?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What companies insure drivers after a DUI or DWI?
  • What if I total my 2012 BMW ActiveHybrid 5 and owe more than it’s worth?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Auto insurance coverages explained

Understanding the coverages of a auto insurance policy can help you determine which coverages you need and proper limits and deductibles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by auto insurance companies.

Collision insurance

Collision coverage covers damage to your ActiveHybrid 5 caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with a tree, crashing into a ditch, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as falling objects, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW ActiveHybrid 5.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for bills for things like nursing services, hospital visits and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to people or other property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers things such as pain and suffering, emergency aid, funeral expenses, court costs and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

More choices the merrier

Cost effective 2012 BMW ActiveHybrid 5 insurance can be sourced from both online companies as well as from insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who don’t offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

When getting insurance quotes online, don’t be tempted to buy less coverage just to save a little money. In many cases, someone dropped uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. The proper strategy is to buy a smart amount of coverage at the best price, but do not skimp to save money.

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