2014 BMW 5 Series Gran Turismo Insurance Quotes

No sane person loves paying for car insurance, especially knowing the prices are way too high.

Companies like Progressive, GEICO and Farmers Insurance continually bombard you with ads and consumers find it hard to ignore the flashy ads and effectively compare rates to find the best deal.

You need to quote other rates as often as possible because car insurance prices change frequently. Even if you think you had the best deal for 5 Series Gran Turismo coverage at your last renewal a different company probably has better rates today. There are a lot of ways to save on car insurance online, but you can learn some proven techniques to buy car insurance cheaper.

If you are paying for car insurance now, you should be able to save some money using this strategy. Buying car insurance is not that difficult. But drivers must know how companies price online insurance.

The quickest way to compare insurance rates from multiple companies is to know the trick car insurance companies pay for the opportunity to quote your coverage. To get started, all you need to do is provide a little information such as if you have an active license, the ages of drivers, the year, make and model of vehicles, and how many miles driven. Your information is then sent to many of the top insurers and they return cost estimate with very little delay.

To check 2014 BMW 5 Series Gran Turismo insurance prices now, click here and enter your coverage details.

Are you receiving every discount?

Insurance coverage is neither fun to buy or cheap, but there are discounts available that you may not know about. Some trigger automatically at the time of quoting, but some must be manually applied prior to getting the savings. If you do not check that you are getting every discount possible, it’s possible you qualify for a lower rate.

  • Pay Early and Save – By making one initial payment rather than paying monthly you could save up to 5%.
  • Claim-Free Discount – Drivers who stay claim-free pay less compared to bad drivers.
  • Accident Waiver – Not really a discount, but certain companies permit an accident before raising your premiums so long as you haven’t had any claims for a specific time period.
  • Seat Belts Save – Requiring all passengers to use a seat belt may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Theft Deterent – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Clubs and Organizations – Being a member of a civic or occupational organization could earn you a nice discount on your next insurance coverage statement.
  • Multiple Cars – Buying coverage for multiple cars on one policy may reduce the rate for each vehicle.
  • Save over 55 – Seniors are able to get a discount up to 10% for 5 Series Gran Turismo coverage.

Please keep in mind that most discount credits are not given to your bottom line cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though you would think you could get a free insurance coverage policy, you won’t be that lucky.

Insurance companies that have many of the previously listed discounts include:

Before purchasing a policy, check with each company to apply every possible discount. Some of the discounts discussed earlier may not apply in your area.

What affects BMW 5 Series Gran Turismo insurance rates?

Lots of factors are considered when you get a price on insurance. Most are fairly basic such as your driving record, but other criteria are less apparent such as whether you are married or how safe your car is.A large part of saving on car insurance is knowing a few of the rating criteria that aid in calculating your car insurance rates. When consumers understand what impacts premium levels, this enables informed choices that can earn you lower rates.

  • Avoid car insurance lapses – Not maintaining insurance is against the law and companies may charge more for letting your insurance lapse for non-payment. Not only will you pay higher rates, not being able to provide proof of insurance can result in fines and jail time. You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • How do annual miles impact costs? – The higher the mileage driven annually the higher the price you pay to insure it. Many insurance companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than vehicles that are driven to work every day. An improperly rated 5 Series Gran Turismo may be costing you higher rates. It’s always a good idea to double check that your policy states the correct usage for each vehicle.
  • An active claims history can cost more – Insurance companies give the lowest premiums to policyholders who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Teenage drivers pay higher rates – Older drivers are more cautious drivers, are lower risk to insure and tend to be get fewer driving tickets.Young drivers have a tendency to be inattentive and easily distracted with other occupants in the car so car insurance rates are higher.

When in doubt talk to an agent

When choosing coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if you may require specific advice.

  • When would I need rental car insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Can I drive in Mexico and have coverage?
  • Which companies will insure high-risk drivers?
  • Does my policy pay for OEM or aftermarket parts?
  • Can I rent a car in Mexico?
  • Does my liability insurance cover pulling a trailer or camper?
  • Why am I required to get a high-risk car insurance policy?
  • What is PIP insurance?
  • Should I carry comprehensive and collision coverage?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Why you might not save $412 a year

Well-known insurance companies like Allstate and Progressive consistently run ads in print and on television. They all seem to make the promise that drivers will save a bundle if you move to them. How does every insurance company charge lower premium rates? It’s all in the words they use.

Insurance companies look for specific characteristics for the type of driver that will add to their bottom line. For instance, a desirable risk might be described as between 30 and 50, has never had a claim, and drives a car with an anti-theft system. A customer who fits that profile will qualify for the lowest car insurance rates and will also save quite a bit of money when switching.

Potential customers who do not meet this stringent profile will be quoted more expensive rates which usually ends up with business not being written. The ads state “customers that switch” but not “all drivers who get quotes” can save as much as they claim. That is how companies can make those claims.

Different companies use different criteria so it’s extremely important to compare many company’s rates. It’s not possible to predict with any certainty which company will have the best prices at this point in time.

Insurance coverage considerations

Learning about specific coverages of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your BMW 5 Series Gran Turismo.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently these limits are identical to your policy’s liability coverage.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like rehabilitation expenses, EMT expenses, doctor visits and prosthetic devices. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage

This covers damage to your 5 Series Gran Turismo from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like hitting a mailbox, sustaining damage from a pot hole, colliding with another moving vehicle, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, a tree branch falling on your vehicle, hail damage, damage from getting keyed and rock chips in glass. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability insurance

Liability coverage protects you from damage or injury you incur to people or other property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims like pain and suffering, structural damage and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

One last thing

Some auto insurance companies may not have online quoting and many times these regional insurance providers sell through independent insurance agents. Lower-priced auto insurance is possible on the web and from local agencies, and you need to comparison shop both to have the best rate selection.

We just showed you a lot of techniques to get a better price on 2014 BMW 5 Series Gran Turismo insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. You may be surprised to find that the lowest premium rates are with a lesser-known regional company. These companies often have lower prices on specific markets compared to the large companies like Allstate, GEICO and Progressive.

Additional auto insurance information is available below: