Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Nov 15, 2018

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Want lower auto insurance rates for your BMW 5 Series? If you’re shopping for lower-priced insurance online, are you frustrated by the crazy number of auto insurance sources? Lot’s of other drivers are too. There are so many choices that it is a challenge to locate the lowest rates.

Finding affordable coverage is easy if you know what you’re doing. Basically, every vehicle owner who carries auto insurance will be able to lower their premiums. But consumers need to have an understanding of the way insurance companies market insurance on the web because it can help you find the best coverage.

How to lower your insurance coverage cost

Performing a rate comparison can be a lot of work if you don’t utilize the best way to get rate quotes. You can spend your afternoon discussing policy coverages with insurance companies in your area, or you can utilize online quotes to accomplish the same thing much quicker.

The majority of car insurance companies are enrolled in a marketplace that enables customers to enter their policy data once, and every company then returns a price quote for coverage. This system prevents you from having to do quote requests to each company.

To use this form to compare rates click here to open in new window.

The one disadvantage to comparing rates this way is that you can’t choose the providers to get pricing from. If you would rather choose from a list of companies for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. Click here to view list.

The approach you take is up to you, just ensure you’re using identical coverage limits with each company. If you are comparing different values for each quote you will not be able to find the best deal for your BMW 5 Series. Even a minor difference in coverages can make a big difference in price. Just keep in mind that more quotes helps improve the odds of finding lower pricing.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Auto insurance discounts help slash rates

Auto insurance is neither fun to buy or cheap, but there could be significant discounts that could help you make your next renewal payment. A few discounts will be applied when you purchase, but occassionally some discounts must be inquired about before you get the savings.

  • Professional Organizations – Having an affiliation with a qualifying organization could qualify you for a break when getting a car insurance quote.
  • Student Discount for Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class as it will make them better drivers and lower rates.
  • Federal Government Employee – Employees or retirees of the government could provide a small rate reduction for 5 Series insurance with some auto insurance companies.
  • Distant Student – Older children who attend college more than 100 miles from home and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Buy New and Save – Insuring a vehicle that is new can save you some money due to better safety requirements for new model year vehicles.
  • Sign Online – Certain insurance companies will give a small break for buying your policy over the internet.
  • Telematics Devices – Drivers who agree to allow driving data collection to study driving patterns remotely such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates if they show good driving skills.
  • Accident-Free Discounts – Insureds with no claims or accidents get the best auto insurance rates when compared with accident-prone drivers.

As a footnote on discounts, most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, nobody gets a free ride. Any qualifying discounts should help reduce your auto insurance premiums.

To locate auto insurance companies that have a full spectrum of discounts, click here to view.

Why informed drivers pay less for BMW 5 Series insurance

Smart consumers have a good feel for some of the things that play a part in calculating your premiums. If you know what influences your rates, this allows you to make good choices that could help you find lower premium levels. Many factors are considered when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but some are not as apparent like your vehicle usage or your commute time.

The itemized list below are a few of the things used by your company to calculate premiums.

  • Single drivers take more risk – Having a wife or husband can get you a discount on your insurance bill. Having a spouse usually means you are less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.
  • Can a thief steal your car? – Choosing a vehicle with a theft deterrent system can save you some money. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent vehicle theft.
  • Battle of the sexes – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Women and men are in auto accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also receive more major tickets like DWI (DUI) or reckless driving. Youthful male drivers generally have the highest accident percentage so they pay the highest premiums.
  • How do annual miles impact rates? – Driving more miles every year the higher your rates will be. A lot of companies rate vehicles based upon how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates compared to those used for work or business. It’s always a good idea to double check that your insurance coverage is showing the proper vehicle usage. Having the wrong rating on your 5 Series can cost quite a bit.
  • Responsible drivers pay less – A bad driving record impacts your car insurance rates tremendously. Having just one ticket can boost insurance rates by twenty percent. Attentive drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers who have gotten license-revoking violations such as reckless driving, hit and run or driving under the influence may face state-mandated requirements to submit a SR-22 form with their state in order to keep their license.

Which is the best auto insurance?

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.

For example, these questions can help discover whether or not you would benefit from professional advice.

  • Will my rates increase for filing one claim?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does my insurance cover my expensive audio equipment?
  • Can I make deliveries for my home business?
  • Am I covered if I hit a deer?
  • How much underlying liability do I need for an umbrella policy?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Why am I required to get a high-risk car insurance policy?
  • When do I need to add a new car to my policy?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Coverage specifics

Learning about specific coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Collision protection

Collision coverage covers damage to your 5 Series resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sustaining damage from a pot hole, scraping a guard rail, colliding with another moving vehicle, rolling your car and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hail damage, hitting a deer, vandalism and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as pain medications, surgery, prosthetic devices, rehabilitation expenses and dental work. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability insurance

Liability insurance will cover damage that occurs to other’s property or people by causing an accident. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three 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 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims like loss of income, bail bonds, repair bills for other people’s vehicles, court costs and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Quote more, save more

Lower-priced 1990 BMW 5 Series insurance can be sourced both online as well as from independent agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide rates over the internet and many times these small insurance companies work with local independent agents.

Throughout this article, we presented some good ideas how to save on 1990 BMW 5 Series insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding inexpensive car insurance. You may be surprised to find that the lowest car insurance rates come from a lesser-known regional company.

People who switch companies do it for a variety of reasons including lack of trust in their agent, delays in paying claims, high prices or an unsatisfactory settlement offer. No matter why you want to switch, finding a great new company can be pretty painless.

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