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: Oct 6, 2015

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Searching for the cheapest car insurance rates for your BMW ActiveHybrid 5? Are you drained from robbing Peter to pay Paul each month for car insurance? You have the same problem as most other people.

Due to the large number of options when it comes to car insurance, it can be hard to pick the most affordable insurance company.

Finding the lowest cost protection is easy if you know what you’re doing. Just about every vehicle owner who has to buy car insurance will more than likely be able to find better rates. But drivers must know how big insurance companies determine prices because it can help you find the best coverage.

Insurance quotes and discounts

Car insurance can cost a lot, but you might already qualify for some discounts that could help you make your next renewal payment. Some trigger automatically when you purchase, but once in a while a discount must be specifically requested before you get the savings.

  • Own a Home – Owning a house may earn you a small savings because of the fact that having a home means you have a higher level of financial diligence.
  • Anti-lock Brakes – Cars and trucks with ABS and/or traction control are safer to drive and therefore earn up to a 10% discount.
  • Accident Forgiveness Coverage – Not a discount per se, but some companies like GEICO, State Farm, and Progressive may permit one accident without the usual rate increase with the catch being you have to be claim-free for a particular time prior to the accident.
  • Claim-Free Discount – Drivers who stay claim-free pay less when compared with policyholders that have many claims.
  • Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and that can save you a little bit as well.
  • Cautious Driver Discount – Insureds who avoid accidents may save up to 50% more on ActiveHybrid 5 coverage than drivers with accidents.

One last thing about discounts, most discount credits are not given to the entire cost. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, nobody gets a free ride.

A list of companies and some of the discounts are included below.

  • Farm Bureau offers discounts for multi-vehicle, driver training, youthful driver, safe driver, good student, renewal discount, and 55 and retired.
  • MetLife includes discounts for multi-policy, good driver, claim-free, good student, accident-free, and defensive driver.
  • Progressive may include discounts for online signing, homeowner, multi-vehicle, online quote discount, good student, multi-policy, and continuous coverage.
  • AAA offers premium reductions for good driver, good student, pay-in-full, education and occupation, and AAA membership discount.
  • American Family offers discounts including accident-free, bundled insurance, Steer into Savings, good driver, defensive driver, good student, and mySafetyValet.
  • GEICO may offer discounts for anti-theft, military active duty, defensive driver, daytime running lights, seat belt use, and federal employee.
  • State Farm has discounts for multiple policy, safe vehicle, accident-free, anti-theft, and good driver.

If you want cheap car insurance quotes, ask each company which discounts they offer. Some discounts listed above may not be offered in your area. If you would like to choose from a list of insurance companies that have a full spectrum of discounts, follow this link.

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

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How much does insurance cost?

Comparing insurance rates can be a daunting task if you aren’t aware of the fastest way to get free quotes. You can waste hours driving to local insurance agents in your area, or you could use the internet to get prices fast.

Most car insurance companies participate in an industry program where insurance shoppers enter their policy data once, and at least one company returns a rated price based on that data. This eliminates the need for form submissions for each company you want a rate for.

To use this form to compare rates click here to start a free quote.

The only downside to pricing coverage this way is buyers cannot specifically choose which carriers you want pricing from. So if you want to select from a list of companies for rate comparison, we have a listing of companies who write insurance in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just be sure to compare the same quote information on every quote you get. If you enter different liability limits you will not be able to determine the lowest rate for your BMW ActiveHybrid 5. Just slight variations in limits may result in a large different in cost. It’s important to know that comparing all the rates in your area helps improve the odds of finding the best rates.

Situations that may require an agent’s advice

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. For example, these questions may help highlight whether you would benefit from professional advice.

  • Do I need roadside assistance coverage?
  • Is my camper covered by my car insurance policy?
  • Will my insurance pay for OEM parts?
  • How do I file an SR-22 for a DUI in my state?
  • Should I rate my 2015 BMW ActiveHybrid 5 as pleasure use or commute?
  • Is my BMW ActiveHybrid 5 covered if I use it for business?
  • What exactly is covered by my policy?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Car insurance coverages for a BMW ActiveHybrid 5

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Comprehensive coverages

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hitting a bird, damage from getting keyed and hail damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability

This coverage will cover injuries or damage you cause to other people or property by causing an accident. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three 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 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as repair costs for stationary objects, attorney fees, bail bonds and medical expenses. How much coverage you buy is up to you, but buy higher limits if possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your BMW ActiveHybrid 5.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses such as pain medications, EMT expenses and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage will pay to fix damage to your ActiveHybrid 5 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a ditch, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

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

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Affordable insurance is out there

More affordable auto insurance is available on the web and with local insurance agents, so get free car insurance quotes from both of them to have the best rate selection. Some insurance providers do not provide online quoting and many times these regional carriers sell through local independent agents.

As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where an insured cut full coverage only to discover later that it was a big error on their part. Your objective should be to find the BEST coverage at the best cost, not the least amount of coverage.

We covered some good ideas how to save on 2015 BMW ActiveHybrid 5 insurance. The key thing to remember is the more times you quote, the better chance you’ll have of finding cheaper car insurance. You may even discover the lowest prices come from a smaller regional carrier. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

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