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BMW 5 Series Gran Turismo Insurance Cost

Comparing auto insurance online is easy and at the same time you can save money. The key is to get rates from all companies in order to have all possible prices.

Beginners to comparison shopping may think finding low-cost 5 Series Gran Turismo insurance is very challenging. Finding cheaper coverage prices is not rocket science. All you need to do is take the time getting comparison quotes from different insurance companies. This can be done by comparing rates here.

What factors impact 5 Series Gran Turismo insurance quotes?

Car insurance premiums on a BMW 5 Series Gran Turismo can fluctuate considerably based upon several criteria. Taken into consideration are:

  • Your driving record
  • Credit rating impacts rates
  • Men typically pay more than women
  • Deductible amount directly impacts your rate
  • Your vehicle's safety rating
  • Your claim history
  • Maintaining coverage lowers rates
  • Whether you rent or own your home

An additional factor that can impact 5 Series Gran Turismo insurance cost is the year of the vehicle. Newer models have a higher value than older models so repair costs are higher which may result in higher rates. But more recent BMW vehicles may have safety features including forward-collision avoidance, sideview assist mirrors, and all-wheel drive which may lower rates.

To get more specific information about how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability coverage

Liability insurance will cover damages or injuries you inflict on people or other property. Liability can pay for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so you should buy as high a limit as you can afford.

Collision protection

This coverage will pay to fix damage to your BMW resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder. Collision coverage for your 5 Series Gran Turismo can be pricey, so consider dropping it from older vehicles. You can also raise the deductible to save money on collision insurance.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage. The most you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured or underinsured coverage

This protects you and your vehicle's occupants when the "other guys" are uninsured or don't have enough coverage. Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. PIP is only offered in select states and gives slightly broader coverage than med pay.

How Much are BMW 5 Series Gran Turismo Insurance Rates?