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: Aug 22, 2018

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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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Feel like you have an overpriced auto insurance policy? It’s quite common and many consumers are feeling buyer’s remorse and feel like there’s no way out.

Insurance companies such as GEICO and Progressive continually hit you with catchy ads and consumers find it hard to avoid their marketing magic and find the best price available.

You should make it a habit to shop coverage around yearly since prices change quite often. Even if you got the best rates on 5 Series insurance six months ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re about to find out how to use the internet to buy cheaper auto insurance.

How to buy insurance

There are several ways to compare insurance quotes, but some are easier and takes less work. You could waste time talking to insurance companies in your area, or you could use the internet to get rate comparisons in just a few minutes.

The majority of car insurance companies are enrolled in a marketplace where prospective buyers enter their coverage request one time, and every company then gives them pricing. This eliminates the need for form submissions for each company you want a rate for.

To compare pricing click here (opens in new window).

The one disadvantage to doing it this way is you are unable to specify which providers to receive prices from. If you wish to select from a list of companies to compare rates, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just try to keep nearly identical quote information on every quote you get. If your comparisons have different coverage information you will not be able to determine which rate is truly the best. Just slight variations in limits can make a big difference in price. And when price shopping your coverage, making a lot of price comparisons helps increase your odds of locating the best price. Not every company provides quotes online, so you need to compare prices from them, too.

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

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Lower rate quotes with these six discounts

Car insurance companies don’t list every discount they offer in an easy-to-find place, so the list below contains some of the more common as well as some of the hidden discounts you could be receiving when you buy insurance online.

  • Safety Course Discount – Participating in a course in defensive driving can save you 5% or more depending on where you live.
  • Payment Discounts – By making one initial payment rather than spreading payments over time you could save up to 5%.
  • Driver’s Education for Students – It’s a good idea to have your young drivers enroll in driver’s education as it can save substantially.
  • More Vehicles More Savings – Buying a policy with multiple cars on a single policy can reduce the rates for all insured vehicles.
  • Telematics Devices – Drivers that enable their company to study driving patterns by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction if their driving habits are good.
  • Clubs and Organizations – Participating in a civic or occupational organization could trigger savings on your next renewal.

Policy discounts save money, but most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.

The best insurance companies and some of the discounts can be found below.

  • American Family offers premium reductions for bundled insurance, TimeAway discount, multi-vehicle, early bird, accident-free, Steer into Savings, and good student.
  • State Farm may offer discounts for anti-theft, passive restraint, safe vehicle, multiple policy, Drive Safe & Save, good student, and Steer Clear safe driver discount.
  • 21st Century has savings for defensive driver, air bags, theft prevention, student driver, and teen driver.
  • Travelers may include discounts for home ownership, continuous insurance, new car, driver training, and student away at school.
  • GEICO includes discounts for federal employee, five-year accident-free, anti-lock brakes, anti-theft, and multi-policy.

When getting free insurance quotes, it’s a good idea to every insurance company the best way to save money. A few discounts might not be available to policyholders in your area.

What is the best auto insurance coverage?

When choosing proper insurance coverage, there is no “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that Here are some questions about coverages that might point out if your situation will benefit from professional help.

  • Am I covered if I wreck a rental car?
  • Who is covered when they drive my 2013 BMW 5 Series?
  • Do I have coverage if my license is suspended?
  • Is upholstery damage covered by car insurance?
  • Should I buy additional glass protection?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I need an umbrella policy?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is no-fault insurance?
  • Is there coverage for injuries to my pets?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Car insurance coverage information

Learning about specific coverages of your policy helps when choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on most auto insurance policies.

Coverage for collisions

Collision insurance pays for damage to your 5 Series caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as backing into a parked car, rolling your car, crashing into a ditch, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Liability auto insurance

This coverage provides protection from damage that occurs to people or other property that is your fault. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things such as legal defense fees, funeral expenses and bail bonds. How much coverage you buy is your choice, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as prosthetic devices, surgery, EMT expenses and chiropractic care. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as theft, falling objects, damage from getting keyed and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

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

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A tidy conclusion

Cheap 2013 BMW 5 Series insurance is attainable online and with local insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who don’t offer rate quotes online and most of the time these regional insurance providers only sell coverage through local independent agents.

We covered many tips how you can reduce 2013 BMW 5 Series insurance rates online. The key concept to understand is the more you quote insurance, the better chance you’ll have of finding cheap insurance. You may even discover the lowest rates come from a small mutual company. They may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.

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