Cheap 2018 BMW 5 Series Car Insurance Quotes

Wish you could get out of an overpriced insurance coverage policy? Trust us, there are many drivers thinking the same thing.

People have multiple car insurance companies to purchase coverage from, and though it is a good thing to have a choice, more options can take longer to compare rates.

It’s important to price shop coverage at least once a year because prices are variable and change quite frequently. Even if you think you had the lowest quotes on 5 Series coverage at your last renewal there may be better deals available now. Forget anything you know (or think you know) about insurance coverage because you’re about to find out the right way to save money, get proper deductibles and limits, all at the lowest rate.

Compare insurance coverage rate quotes online

Comparing insurance coverage rates can be challenging if you don’t understand the best way to get rate quotes. You can waste a few hours (or days) talking to local insurance agents in your area, or you could use the internet to get rates in a matter of minutes.

Many of the larger companies enroll in a system that allows shoppers to enter their policy data once, and at least one company can give them a price for coverage. This prevents consumers from doing repetitive form submissions for each company you want a rate for. To find out how much you’re overpaying now click to open in new window.

One minor caviat to doing it this way is that you can’t choose which insurance companies you want pricing from. If you wish to select from a list of companies for rate comparison, we have assembled a list of the cheapest insurance coverage companies in your area. Click to view list.

Compare rates however you want, just do your best to use exactly the same coverage limits and deductibles for each comparison quote. If the quotes have mixed coverages it’s impossible to get a fair rate comparison. Having just a slight variation in limits could skew the results. And when comparing insurance coverage rates, know that comparing a wide range of rates helps locate more affordable rates. Some regional insurers cannot provide online rate quotes, so it’s important to also get price quotes from the smaller companies as well.

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Find discounts on car insurance

Companies that sell car insurance don’t necessarily list all possible discounts in an easy-to-find place, so we break down both the well known in addition to some of the lesser obvious credits that may apply to you.

• One Accident Forgiven – Not necessarily a discount, but some companies like Geico and Allstate allow you one accident before hitting you with a surcharge if you are claim-free prior to the accident.
• Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems may get savings as much as 30%.
• Defensive Driving Course – Passing a defensive driving class could save 5% or more if you qualify.
• Student in College – living away from home attending college and do not take a car to college may be insured at a cheaper rate.
• Low Mileage – Low mileage vehicles may allow you to get substantially lower prices.
• Senior Citizen Discount – Drivers that qualify as senior citizens could receive better car insurance rates on 5 Series coverage.
• Claim-Free Discount – Insureds who avoid accidents and claims can earn big discounts in comparison to frequent claim filers.
• ABS Brakes – Cars that have steering control and anti-lock brakes are safer to drive and the ABS can save up to 10%.

One last thing about discounts, some credits don’t apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, nobody gets a free ride.

For a list of car insurance companies that can offer you the previously mentioned discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage, there really is not a best way to insure your cars. Each situation is unique so your insurance should reflect that For instance, these questions may help highlight if your situation might need professional guidance.

• Who is covered by my policy?
• When should I buy a commercial auto policy?
• What is no-fault insurance?
• What companies insure drivers after a DUI or DWI?
• How can I get high-risk coverage after a DUI?
• Are my friends covered when driving my 2018 BMW 5 Series?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• What if I don’t agree with a claim settlement offer?

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 a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on most insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your BMW 5 Series.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Frequently these limits are similar to your liability insurance amounts.

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hail damage, a broken windshield and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability

This coverage provides protection from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as medical expenses, loss of income and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like rehabilitation expenses, X-ray expenses, hospital visits and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Better coverage you can count on

When trying to cut insurance costs, never reduce coverage to reduce premium. There are many occasions where an insured dropped collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible at an affordable rate while still protecting your assets.

In this article, we covered many ideas to lower your 2018 BMW 5 Series insurance car insurance rates. The key thing to remember is the more price quotes you have, the better your chances of lowering your premium rates. Drivers may discover the lowest priced insurance comes from a smaller regional carrier. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Geico and State Farm.

Additional information

• Distracted Driving (Insurance Information Insitute)
• Red Light Cameras (State Farm)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• How do I File a Claim? (Insurance Information Insitute)

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