2014 BMW ActiveHybrid 5 Insurance Rates – 9 Ideas for Cheaper Quotes

Looking for better insurance rates for your BMW ActiveHybrid 5? Pricey BMW ActiveHybrid 5 insurance can empty your bank account and force you to tighten up your finances. Getting a rate comparison can be a smart way to lower your bills every month.

Drivers have many auto insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, too many choices makes it more difficult to locate the cheapest rates.

The purpose of this article is to instruct you on the best way to quote coverages and some money-saving tips. If you have car insurance now, you stand a good chance to be able to cut costs considerably using these methods. But vehicle owners must learn the way companies determine prices and use this information to your advantage.

Affordable auto insurance quotes online

When comparison shopping, there are several ways to compare rate quotes from all the different companies. The quickest method to find the lowest 2014 BMW ActiveHybrid 5 rates consists of shopping online. It’s really quite simple and can be done in a couple minutes as outlined below.

  • Without a doubt, the easiest way to get quotes for comparison is to use a rate comparison form (click to open form in new window). This easy form eliminates the need for separate quotes for each company you want a rate for. Completing one form gets you price quotes from all major companies.
  • A more difficult way to obtain and compare quotes online is to take the time to go to each individual company website to complete their respective quote request forms. For sake of this example, let’s assume you want to see prices from Allstate, Safeco and Farmers. To get rate quotes you would need to go to every website to enter the same coverage data repeatedly, which can get old fast. To view a list of companies in your area, click here.
  • The most time-consuming way to quote and compare insurance rates is calling or driving to insurance agents’ offices. Quoting and buying insurance online has made agencies unnecessary unless you require the professional guidance of a local agent. It is possible to compare the best prices online but still have the advice of a local agent.

You can choose any of those ways to find more affodable coverage, but be sure to compare exactly the same coverage data on every price quote you get. If you are comparing different liability limits it’s not possible to get a fair rate comparison. Slightly different coverages could mean much higher rates. And when quoting auto insurance, remember that getting more free quotes increases your odds of finding the best offered rates. Some insurance companies are not set up to provide prices over the internet, so it’s recommended that you also compare prices from the smaller companies as well.

Insurance companies offer many types of discounts

The cost of insuring your cars can be expensive, but you can get discounts to reduce the price significantly. A few discounts will automatically apply when you get a quote, but some must be requested specifically prior to receiving the credit. If you do not double check each discount possible, you are not getting the best rate possible.

  • ABS Brakes – Cars with ABS and/or traction control prevent accidents and therefore earn up to a 10% discount.
  • Senior Citizen Discount – Older drivers could receive better insurance rates on ActiveHybrid 5 insurance.
  • Sign Online – Many companies will give you a small discount for buying a policy and signing up digitally online.
  • Driver’s Education for Students – Cut your cost by having your teen driver sucessfully take a drivers education course in school or through a local driver safety program.
  • Switch and Save Discount – Some companies reward drivers for signing up prior to the expiration date on your current policy. Ten percent is about the average savings.
  • Defensive Driver Discount – Taking part in a class that teaches safe driver techniques is a good idea and can lower rates if your company offers it.
  • Government Employee Discount – Active or former government employment may reduce rates when you quote insurance on ActiveHybrid 5 insurance with select insurance companies.
  • Multiple Policy Discount – If you combine your auto and homeowners policies with one insurance company you could save as much as 10 to 15 percent.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of up to 25% or more.

While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, insurance companies aren’t that generous.

Popular insurance companies and some of the discounts are detailed below.

  • State Farm includes discounts for anti-theft, passive restraint, multiple autos, student away at school, Steer Clear safe driver discount, and good student.
  • Liberty Mutual policyholders can earn discounts including hybrid vehicle, new move discount, newly retired, exclusive group savings, new vehicle discount, and teen driver discount.
  • American Family has discounts for air bags, bundled insurance, Steer into Savings, good driver, TimeAway discount, multi-vehicle, and early bird.
  • Progressive offers premium reductions for online signing, continuous coverage, good student, multi-policy, homeowner, multi-vehicle, and online quote discount.
  • Farmers Insurance may offer discounts for bundle discounts, multi-car, youthful driver, distant student, business and professional, and electronic funds transfer.
  • Auto-Owners Insurance offers discounts including anti-lock brakes, multi-policy, safe vehicle, paperless, mature driver, and company car.
  • SAFECO has savings for homeowner, bundle discounts, anti-theft, anti-lock brakes, and teen safety rewards.

When getting free insurance quotes, it’s a good idea to each company or agent to give you their best rates. Some discounts listed above may not be available in your area. To view providers with significant discounts, click here.

Do I just need basic coverages?

When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that can help discover whether your personal situation would benefit from professional advice.

  • Why am I required to get a high-risk car insurance policy?
  • Are all vehicle passengers covered by medical payments coverage?
  • Should I bundle my homeowners policy with my auto?
  • Can I rate high risk drivers on liability-only vehicles?
  • Will filing a claim cost me more?
  • How much can I save by bundling my policies?
  • Should I have a commercial auto policy?
  • Why am I required to buy liability insurance?
  • Do I have coverage when making deliveries for my home business?
  • Does my 2014 BMW ActiveHybrid 5 qualify for pleasure use?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Insurance coverages explained

Learning about specific coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.

Collision insurance

This covers damage to your ActiveHybrid 5 resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, driving through your garage door, sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your BMW ActiveHybrid 5.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are identical to your policy’s liability coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as chiropractic care, X-ray expenses and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Liability auto insurance

Liability coverage protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things such as loss of income, emergency aid and court costs. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive coverage

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a bird, hail damage and a broken windshield. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.