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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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: Jul 13, 2018

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Are you sick and tired of scraping the payment together to pay your car insurance bill each month? You have the same problem as many other consumers.

You have so many insurance companies to pick from, and even though it’s nice to have multiple companies, having more car insurance companies makes it harder to get the best deal.

You should take the time to compare prices every six months because car insurance rates change regularly. Just because you found the lowest rate for 5 Series Gran Turismo coverage a couple years back other companies may now be cheaper. Forget all the misinformation about car insurance because you’re going to get a crash course in the things you must know in order to find better rates and still maintain coverage.

This information will let you in on the most effective way to quote insurance and some tricks to saving. If you are paying for car insurance now, you will most likely be able to save some money using this strategy. Nevertheless, consumers do need to understand how companies determine prices.

Auto insurance discounts are available to cut your rates

Auto insurance is neither fun to buy or cheap, but discounts can save money and there are some available that may help make it more affordable. Many discounts should be triggered when you quote, but some need to be specially asked for prior to getting the savings. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Paperless Signup – A handful of companies will give you a small discount get car insurance online.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of 20 to 30 percent.
  • Driver’s Education for Students – Teen drivers should sucessfully take a drivers education course in high school.
  • Accident Waiver – Not a discount per se, but certain companies allow you one accident before they charge you more for coverage so long as you are claim-free for a set time period.
  • Multi-line Discount – If the company offers life insurance, you could get a discounted auto insurance rate on car insurance if you buy some life insurance in addition to your auto policy.
  • Pay Early and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Distant College Student Discount – College-age children living away from home attending college and do not take a car to college could get you a discount.

Discounts save money, but please remember that many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, you aren’t that lucky. But all discounts will definitely lower your premiums.

If you would like to see a list of providers that offer many of these discounts, follow this link.

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

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Everyone needs different insurance coverage coverages

When it comes to choosing coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions may help highlight whether you will benefit from professional help.

  • Do I need rental car coverage?
  • Is pleasure use cheaper than using my 2010 BMW 5 Series Gran Turismo to commute?
  • When should my teen driver be added to my policy?
  • Should I rate my 2010 BMW 5 Series Gran Turismo as pleasure use or commute?
  • Which companies will insure high-risk drivers?
  • Do I need an umbrella policy?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Why does it cost so much to insure a teen driver?

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 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.

Are you falling for claims of savings?

Insurance coverage providers like GEICO, State Farm and Progressive consistently run ads on television and other media. They all advertise claims that drivers will save a bundle if you just switch your policy. How can each company charge you less for car insurance?

Companies give the best rates for the type of customer that will add to their bottom line. For example, this type of risk profile may need to be a married female, owns a home, and has a short commute. Anybody that matches those criteria will get very good rates as well as cut their rates if they switch.

People who are not a match for these standards will see higher premium rates and ends up with the customer not buying. Company advertisements say “drivers that switch” not “everybody who quotes” will save that much if they switch. That is how insurance companies can claim big savings.

Because of this risk profiling, you absolutely need to get car insurance quotes from several different companies. You cannot predict which company will provide the lowest rates.

Auto insurance specifics

Learning about specific coverages of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from auto insurance companies.

Uninsured or underinsured coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries 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. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Coverage for liability

This coverage protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for claims like medical expenses, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like falling objects, hitting a deer, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision protection

Collision coverage pays for damage to your 5 Series Gran Turismo resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for bills for chiropractic care, X-ray expenses, doctor visits and EMT expenses. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

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

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You can do this!

We’ve covered a lot of ways to lower your 2010 BMW 5 Series Gran Turismo insurance prices. It’s most important to understand that the more times you quote, the higher the chance of saving money. Consumers could even find that the lowest prices come from a small local company. They may cover specific market segments cheaper as compared to the big name companies such as Allstate, GEICO and Progressive.

More affordable car insurance is possible from both online companies and with local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not offer the ability to get quotes online and many times these regional carriers sell through local independent agencies.

More tips and info about car insurance can be found at these sites: