View 2016 BMW ActiveHybrid 5 Insurance Rates

Are you kicking yourself for buying high-priced insurance? You’re in good company because many drivers feel the same as you.

Popular companies such as Allstate and Progressive constantly bombard you with TV and radio ads and consumers find it hard to separate fact from fiction and take the time to shop coverage around.

Smart consumers take time to get comparison quotes before your next renewal because prices are constantly changing. If you had the best rates for ActiveHybrid 5 coverage a few years ago a different company probably has better premium rates today. There is a lot of bad information regarding insurance online but in just a couple of minutes you can learn a bunch of ideas how to put money back in your pocket.

Ways to get insurance coverage rate quotes

Comparing insurance coverage rates can be a daunting task if you don’t utilize the most efficient way. You can waste a few hours (or days) talking to local insurance agents in your area, or you can utilize the internet to achieve your goal.

Many companies participate in an industry program where insurance shoppers only type in their quote data once, and each participating company returns a competitive quote based on the submitted data. This eliminates the need for repetitive form submissions for every insurance coverage company.

To compare rates now click here to start a free quote.

The only downside to pricing coverage this way is you don’t know exactly the companies you want pricing from. So if you want to select individual companies to compare, we have a page of insurance coverage companies in your area. Click to view list.

It’s up to you which method you use, but make darn sure you compare equivalent coverages with every price quote. If you have different liability limits you will not be able to find the best deal for your BMW ActiveHybrid 5. Just a small difference in limits may result in a large different in cost. And when quoting insurance coverage, remember that more quotes gives you a better chance of getting a lower rate.

Discounts to earn affordable car insurance rates

Car insurance is easily one of your largest bills, but there’s a good chance there are discounts that many consumers don’t even know exist. A few discounts will be applied at the time of quoting, but a few need to be specially asked for before you will receive the discount.

  • Theft Deterent – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and will save you 10% or more.
  • Seat Belts Save more than Lives – Forcing all vehicle occupants to buckle up before driving could cut 10% or more on medical payment and PIP coverage.
  • Auto/Life Discount – Select insurance companies reward you with a small discount if you purchase some life insurance in addition to your auto policy.
  • Student Driver Training – It’s a good idea to have your young drivers successfully complete driver’s ed class if offered at their school.
  • Mature Driver Discount – Older drivers may qualify for a slight reduction on a insurance quote for ActiveHybrid 5 coverage.
  • Full Payment Discount – If paying your policy premium upfront rather than paying in monthly installments you can actually save on your bill.
  • Employee of Federal Government – Federal government employees could qualify for a slight premium decrease for ActiveHybrid 5 coverage with a few car insurance companies.
  • Accident Forgiveness Coverage – This one isn’t a discount, but certain companies permit an accident without raising rates as long as you don’t have any claims prior to the accident.

One last thing about discounts, most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like collision or personal injury protection. Despite the fact that it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

To choose insurance companies with significant discounts, click here to view.

Components of your BMW ActiveHybrid 5 insurance premiums

Consumers need to have an understanding of a few of the rating criteria that play a part in calculating the price you pay for auto insurance. When consumers understand what determines premiums, this enables informed choices that may result in cheaper rates. Lots of factors are part of the equation when premium rates are determined. Most are fairly basic like your driving record, although some other factors are more obscure such as your marital status or your vehicle rating.

Shown below are a few of the things that factor into your rates.

  • Lower rates by increasing coverage deductibles – Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your BMW. Some examples of covered claims would be a broken windshield, hitting a deer, and burglary. Your deductibles state the amount of money the insured will be required to pay if you file a covered claim. The more the insured is willing to pay, the lower your rates will be for ActiveHybrid 5 coverage.
  • Insurance prices and driver gender – The statistics show that women are safer drivers than men. It does not mean females are better drivers. Both sexes have at-fault accidents at a similar rate, but the male of the species tend to have more serious accidents. Not only that, but men also receive more major tickets like DWI (DUI) or reckless driving.
  • Protect yourself with liability insurance – Liability coverage is the coverage that protects you in the event that you are found liable for causing damage or personal injury in an accident. Liability provides you with a defense in court which can cost a lot. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Combining policies can get discounts – Lots of auto insurance companies allow a discount for people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to check prices from other companies to help ensure you have the lowest rates.
  • Single drivers may get higher premiums – Walking down the aisle helps lower the price when buying auto insurance. Marriage means you’re less irresponsible and statistics prove married drivers tend to file fewer claims.
  • Always have auto insurance – Driving with no insurance can get your license suspended and as a result your rates will increase for letting your coverage have a gap. And not only will your rates increase, not being able to provide proof of insurance could earn you a license revocation or jail time.

Tailor your insurance coverage to you

When it comes to choosing coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help highlight if you may require specific advice.

  • What can I do if my company won’t pay a claim?
  • What is covered by UM/UIM coverage?
  • Do I need rental car coverage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Will I lose any money if I cancel my policy before it expires?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How can I get my company to pay me more for my totalled car?
  • What is the ISO rating for a 2016 BMW ActiveHybrid 5?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Insurance coverages 101

Knowing the specifics of your policy can help you determine the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.

Collision coverage protection

This will pay to fix damage to your ActiveHybrid 5 resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as crashing into a building, rolling your car, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as rock chips in glass, a broken windshield, hitting a bird and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Auto liability

This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things such as court costs, medical services, repair costs for stationary objects and legal defense fees. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for short-term medical expenses for things like dental work, chiropractic care and surgery. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Saving money makes a lot of cents

You just learned some good ideas how you can save on 2016 BMW ActiveHybrid 5 insurance. The most important thing to understand is the more you quote insurance, the higher your chance of finding the cheapest insurance. You may be surprised to find that the lowest auto insurance rates come from a lesser-known regional company. These smaller insurers often have lower premium rates on specific markets than their larger competitors like State Farm or Progressive.

When getting insurance quotes online, make sure you don’t reduce needed coverages to save money. Too many times, drivers have reduced physical damage coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best cost while still protecting your assets.

Some companies don’t offer rate quotes online and usually these smaller providers provide coverage only through independent agents. Cheaper 2016 BMW ActiveHybrid 5 insurance can be found both online as well as from insurance agents, so you should be comparing quotes from both to have the best rate selection.

Additional car insurance information can be found at these links: