Cheap 1998 BMW 5 Series Insurance Quotes

Looking for lower insurance rates for your BMW 5 Series? Finding low-cost insurance for your BMW 5 Series could be difficult, but you can follow the following methods to make it easier.

There is a right way and a wrong way to shop for insurance and we’ll show you the best way to compare rates on a BMW and find the best price possible.

The quickest method to compare rates takes advantage of the fact auto insurance companies pay for the opportunity to compare rate quotes. All you need to do is provide the companies a bit of rating information like if it has an alarm system, how old drivers are, whether the vehicles are used for commuting, and distance driven. Your rating data is then sent to multiple top-rated companies and you will get price comparisons immediately.

To start a rate quote now, click here and complete the form.

Discounts for affordable insurance quotes

Auto insurance companies do not list their entire list of discounts very clearly, so the list below details a few of the more common and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Discount for Swiching Early – Some insurance companies give discounts for buying a policy early. You could save around 10% when you buy insurance coverage online.
  • Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you can actually save on your bill.
  • Buy New and Save – Insuring a new car can save up to 30% since newer vehicles have better safety ratings.
  • Accident Waiver – but a few companies such as GEICO and Allstate will forgive one accident without raising rates if you have no claims prior to the accident.
  • Driving Data Discount – Insureds who allow driving data submission to look at their driving habits through the use of a telematics system like Allstate’s Drivewise may get a rate reduction if they are good drivers.
  • Responsible Driver Discounts – Drivers who avoid accidents can pay as much as 50% less for 5 Series insurance than drivers with accidents.

Don’t be shocked that some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way.

To choose insurance companies that offer many of these discounts, click here to view.

You may need specialized car insurance coverage

When choosing the right insurance coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s advice.

  • How much underlying liability do I need for an umbrella policy?
  • Does car insurance cover theft of personal property?
  • Do I need to file an SR-22 for a DUI in my state?
  • At what point should I drop full coverage?
  • Is my teen driver covered when they drive my company car?
  • Will my insurance pay for OEM parts?
  • Is a new car covered when I drive it off the dealer lot?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Do I need replacement cost coverage on my 1998 BMW 5 Series?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage considerations

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

Uninsured Motorist or Underinsured Motorist insurance

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your BMW 5 Series.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Insurance for medical payments

Med pay and PIP coverage pay for short-term medical expenses such as chiropractic care, rehabilitation expenses, X-ray expenses, hospital visits and funeral costs. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive coverage (or Other than Collision)

This covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as vandalism, damage from a tornado or hurricane, hitting a bird and hitting a deer. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision protection

This coverage will pay to fix damage to your 5 Series resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also increase the deductible to bring the cost down.

Auto liability

This coverage can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like emergency aid, bail bonds, structural damage and medical services. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.