2014 BMW 5 Series Car Insurance Quotes

Shoppers have lots of choices when shopping for low-cost BMW 5 Series insurance. You can either spend your time driving around trying to get quotes or save time using the internet to compare rates.

There is a better way to buy insurance coverage and we’ll show you the absolute fastest way to compare rates on a BMW and locate the lowest possible price from local insurance agents and online providers.

The easiest way to compare policy rates utilizes the fact almost all companies will pay a fee to give rate comparisons. To get started, all you need to do is provide the companies a bit of rating information like how much education you have, the year, make and model of vehicles, whether or not you need a SR-22, and if you are currently licensed. Your details gets sent immediately to all major companies and you will receive price estimates within a short period of time.

Discounts can really help lower rates

Auto insurance is expensive, but there are discounts available that you may not know about. Many of these discounts will be applied automatically at the time of quoting, but a few need to be inquired about in order for you to get them.

• No Claims – Good drivers with no accidents pay less as opposed to accident-prone drivers.
• Theft Deterent – Vehicles equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
• Resident Student – Youth drivers living away from home attending college and won’t have access to an insured vehicle could qualify for this discount.
• Own a Home – Simply owning a home can save a few bucks because maintaining a house requires a higher level of personal finance.
• Switch and Save Discount – A few auto insurance companies offer discounts for renewing your policy before your current expiration date. It could save around 10% when you buy auto insurance online.
• Online Discount – A handful of auto insurance companies give back up to $50 simply for signing on their website.
• Anti-lock Brake System – Vehicles that have anti-lock braking systems have fewer accidents and earn discounts up to 10%.
• Seat Belts Save – Buckling up and requiring all passengers to buckle up can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Data Collection Discounts – Drivers who agree to allow their company to look at where and when they drive by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if their driving habits are good.
• Lower Rates for Military – Being on active duty in the military could qualify you for better auto insurance rates.

While discounts sound great, it’s important to understand that some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of providers that can offer you the previously mentioned discounts, follow this link.

Will just any policy work for me?

When choosing the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different.

For example, these questions may help highlight if you might need professional guidance.

• Can I pay claims out-of-pocket if I buy high deductibles?
• Can I get a multi-policy discount?
• Is upholstery damage covered by car insurance?
• Am I covered when using my vehicle for business?
• Do I need PIP coverage since I have good health insurance?
• Am I covered by my spouse’s policy after a separation?
• Are rock chip repairs covered?
• Do I have coverage if my license is suspended?
• Does my medical payments coverage pay my health insurance deductible?
• Why am I be forced to buy a membership to get insurance from some companies?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.

Coverages available on your insurance policy

Knowing the specifics of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a deer, rock chips in glass, a tree branch falling on your vehicle, fire damage and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Collision coverages – This will pay to fix damage to your 5 Series from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as sustaining damage from a pot hole, colliding with a tree, hitting a parking meter, backing into a parked car and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Insurance for medical payments – Med pay and PIP coverage provide coverage for immediate expenses like rehabilitation expenses, doctor visits, dental work and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Liability – This coverage can cover damage that occurs to people or other property in an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things such as bail bonds, court costs, medical expenses and emergency aid. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.