View 2013 BMW 5 Series Gran Turismo Car Insurance Cost

Trying to find the cheapest car insurance rates for your BMW 5 Series Gran Turismo? Are you drained from not being able to scrape enough together to pay your car insurance bill each month? You are in the same boat as many other consumers. Having so many options, it’s difficult to find the cheapest insurance company.

Finding affordable coverage is not that difficult. If you currently have car insurance, you should be able to lower your premiums substantially using these tips. Vehicle owners just need to learn the best way to buy car insurance over the internet.

Why you might pay inflated rates

Many factors are part of the equation when premium rates are determined. Some are pretty understandable such as traffic violations, but other factors are less obvious like your vehicle usage or your vehicle rating.One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that aid in calculating the rates you pay for auto insurance. When consumers understand what controls the rates you pay, this enables you to make decisions that could result in lower auto insurance prices.

  • Rates increase with driving citations – A bad driving record can have a huge impact on auto insurance premiums. Having just one speeding ticket may increase your cost to the point where it’s not affordable. Good drivers tend to pay less for car insurance compared to drivers with tickets. People who have careless violations such as DWI, reckless driving or hit and run convictions may find that they have to to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
  • Cheaper rates by combining – Lots of insurers will give lower prices to buyers that buy multiple policies. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even with this discount, consumers should still comparison shop to ensure the best deal. Drivers may still find a better deal by buying from different companies
  • The higher your credit rating the lower your rates – An insured’s credit score can be a huge factor in calculating your auto insurance rates. If your credit can be improved, you may save money insuring your 2013 BMW 5 Series Gran Turismo if you improve your credit rating. Drivers with very good credit scores tend to be less risk to insure than drivers who have poor credit.
  • Females tend to be lower risk – Over time, data shows women are more cautious behind the wheel. Now that doesn’t mean women are better drivers. Both sexes cause accidents at about the same rate, but the males cause more damage and cost insurance companies more money. In addition to higher claims, males also receive more major tickets such as DWI and reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore pay the highest rates.
  • Your address can push rates up or down – Being located in a small town is a good thing if you are looking for the lowest rates. Drivers in populated areas regularly have more traffic problems and a longer drive to work. Fewer drivers means fewer accidents and also fewer theft and vandalism claims.
  • Better prices on safer cars – Cars with high safety ratings are cheaper to insure. Highly rated vehicles result in less severe injuries and fewer injuries means less claims paid and thus lower rates. If your BMW 5 Series Gran Turismo is rated at a minimum four stars on Safercar.gov it is probably cheaper to insure.
  • Vehicle features that lower auto insurance rates – Driving a car that has a built-in theft deterrent system can save you some money. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder your car from being stolen.

Car insurance quotes comparison

There are multiple methods you can shop for car insurance and some are easier and takes less work. You can spend countless hours discussing policy coverages with agents in your area, or you can utilize the web to get rate comparisons in just a few minutes.

Many insurance companies participate in an industry program where insurance shoppers send in one quote, and every company then gives them pricing based on that data. This saves time by eliminating quote requests for every car insurance company.

To find out what other companies charge click here to start a free quote.

The single downside to using this type of system is that you can’t choose which providers you want pricing from. So if you prefer to choose from a list of companies to compare prices, we have a listing of low cost car insurance companies in your area. Click here to view list.

Compare rates however you want, just do your best to use the exact same coverage limits and deductibles with every price quote. If you are comparing different values for each quote it’s not possible to make an equal comparison.

Are insurance companies telling the truth?

Consumers get pounded daily by advertisements for the lowest price insurance from the likes of State Farm, Geico and Progressive. All the ads make the same claim about savings if you move your coverage.

But how can every company have lower policy pricing? This is the trick they use.

Insurance companies give the cheapest rates for the type of driver that will be a good risk. A good example of this type of insured could possibly be a mature driver, has a low-risk occupation, and drives less than 5,000 miles a year. Any new insured who matches that profile will probably get cheap rates and will probably save money with a new company.

Drivers who fall outside these standards will be quoted higher prices and ends up with the customer not purchasing. The ads say “customers who switch” but not “everyone who gets a quote” save that much. That’s why insurance companies can confidently advertise the savings. This really illustrates why you really need to get price quotes at each policy renewal. It is impossible to guess which company will be your best fit.

Save with with these discounts

Companies do not advertise every possible discount very well, so the list below details a few of the more well known as well as some of the hidden credits that you can use to lower your rates. If you’re not getting every credit possible, you’re paying more than you need to.

  • Accident-Free Discounts – Insureds who avoid accidents and claims can earn big discounts as compared to drivers who are more careless.
  • Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts may qualify for discounts up to 30%.
  • Life Insurance Discount – If the company offers life insurance, you could get a lower price if you buy some life insurance too.
  • Paperwork-free – A handful of insurance companies will give you a small discount for buying a policy and signing up digitally online.
  • Military Rewards – Being on active deployment in the military can result in better rates.

Please keep in mind that some credits don’t apply the the whole policy. Some only apply to individual premiums such as medical payments or collision. If you do the math and it seems like you could get a free auto insurance policy, you’re out of luck.

A list of auto insurance companies and a selection of discounts are shown below.

  • 21st Century may have discounts that include air bags, theft prevention, anti-lock brakes, early bird, and teen driver.
  • Progressive may offer discounts for continuous coverage, multi-policy, multi-vehicle, online quote discount, homeowner, and good student.
  • State Farm policyholders can earn discounts including Drive Safe & Save, student away at school, passive restraint, good student, defensive driving training, anti-theft, and multiple autos.
  • Nationwide offers discounts including easy pay, good student, family plan, accident-free, anti-theft, and defensive driving.
  • Esurance includes discounts for renters, anti-lock brakes, anti-theft, defensive driver, Switch & Save, and claim free.
  • The Hartford may include discounts for defensive driver, driver training, vehicle fuel type, anti-theft, bundle, good student, and air bag.

Before you buy a policy, ask each insurance company which discounts can lower your rates. All car insurance discounts may not apply everywhere. To choose insurers that offer many of these discounts, follow this link.

Your situation helps dictate your coverage

When choosing coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether you would benefit from professional advice.

  • Do I have coverage when pulling a U-Haul trailer?
  • Where can I get insurance after a DUI in my state?
  • What are the best liability limits?
  • How many claims can I have before being cancelled?
  • When would I need additional glass coverage?
  • How can I get my company to pay me more for my totalled car?
  • Do I need added coverage for expensive stereo equipment?
  • Does insurance cover tools stolen from my truck?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Car insurance coverages explained

Having a good grasp of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverages available from car insurance companies.

Comprehensive protection

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from getting keyed, a broken windshield, vandalism and rock chips in glass. The maximum amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability

This provides protection from injuries or damage you cause to other’s property or people by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like legal defense fees, structural damage, bail bonds and medical expenses. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your 2013 BMW 5 Series Gran Turismo.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for expenses for EMT expenses, funeral costs, hospital visits, pain medications and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This covers damage to your 5 Series Gran Turismo resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as scraping a guard rail, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

A penny saved is a penny earned

As you shop your coverage around, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, drivers have reduced uninsured motorist or liability limits only to regret at claim time that it was a big error on their part. The ultimate goal is to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

We just showed you many ways to save on 2013 BMW 5 Series Gran Turismo insurance. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your premium rates. Drivers may discover the lowest car insurance rates come from an unexpected company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.

More information is located at the links below