Compare 1991 BMW 5 Series Car Insurance Cost

Overpriced BMW 5 Series insurance can drain your budget and force you to make sacrifices. Getting a rate comparison is recommended to make sure you’re not throwing money away.

There is such a variety of car insurance companies to buy insurance from, and though it is a good thing to be able to choose, it makes it harder to find the best rates.

You should take the time to compare premium rates before your next renewal because insurance prices are variable and change quite frequently. Just because you had the best rate on 5 Series insurance on your last policy other companies may now be cheaper. Block out anything you think you know about insurance because we’re going to demonstrate the best methods to eliminate unnecessary coverages and save money.

The purpose of this article is to introduce you to how to get online quotes and some tricks to saving. If you are paying for car insurance now, you should be able to save some money using these techniques. But drivers need to have an understanding of the way insurance companies determine prices and take advantage of how the system works.

Low cost insurance coverage prices

All the larger insurance coverage companies like State Farm, GEICO and Progressive provide prices on their websites. Comparing prices online is fairly straightforward because you just enter your coverage preferences as requested by the quote form. When the form is submitted, their system requests your driving record and credit report and generates a price based on the data you entered. This streamlines rate comparisons, but the process of having to visit a lot of sites and enter the same data into a form is monotonous and tiresome. But it’s very important to do this in order to find the best price possible.

An easier way to get multiple rate quotes uses one simple form to get prices from a lot of companies. It saves time, eliminates repetitive work, and makes comparison shopping a lot less work. Once the form is submitted, it is rated and you can choose any of the returned quotes.

If a lower price is quoted, it’s easy to complete the application and buy the new coverage. The whole process just takes a couple of minutes and could lower your rates considerably.

If you want to compare rates using this form now, click here and begin entering your coverage information. If you have coverage now, it’s recommended you input the coverage information identical to your current policy. This makes sure you will get a fair comparison based on the exact same insurance coverage.

Do you qualify for discount insurance coverage?

Some insurance providers don’t necessarily list every discount very well, so the next list breaks down some of the best known as well as the least known discounts that you may qualify for. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • E-sign – Many insurance companies will give a small break for buying a policy and signing up over the internet.
  • Discounts for New Vehicles – Insuring a vehicle that is new can save you some money compared to insuring an older model.
  • No Claims – Drivers who don’t have accidents are rewarded with significantly better rates on auto insurance quote as opposed to accident-prone drivers.
  • Discounts for Responsible Drivers – Insureds without accidents can save up to 40% or more on their auto insurance quote on 5 Series insurance compared to accident prone drivers.
  • Professional Memberships – Being in qualifying clubs or civic groups could trigger savings on insurance coverage.
  • Theft Deterent Discount – Cars and trucks with anti-theft systems help deter theft and that can save you a little bit as well.
  • ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
  • Payment Discounts – By paying your policy upfront instead of paying each month you may have a lower total premium amount.

Please keep in mind that most discounts do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. Even though the math looks like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

A few popular companies and their offered discounts can be read below.

  • GEICO offers discounts including anti-lock brakes, good student, daytime running lights, anti-theft, defensive driver, military active duty, and federal employee.
  • MetLife may have discounts that include defensive driver, good student, claim-free, multi-policy, good driver, and accident-free.
  • Progressive may include discounts for continuous coverage, homeowner, online signing, multi-policy, online quote discount, and multi-vehicle.
  • Travelers includes discounts for home ownership, multi-car, payment discounts, save driver, and good student.
  • SAFECO discounts include anti-lock brakes, homeowner, multi-car, drive less, and teen safety rewards.
  • AAA offers discounts for AAA membership discount, pay-in-full, multi-policy, good driver, education and occupation, and good student.

Before purchasing a policy, check with every prospective company to give you their best rates. A few discounts may not apply to policyholders in your area. If you would like to see a list of companies who offer cheap insurance coverage quotes, click here to view.

What insurance coverages do I need?

When it comes to buying proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that These are some specific questions could help you determine if your situation might need an agent’s assistance.

  • Is my BMW 5 Series covered if I use it for business?
  • Do I need rental car coverage?
  • Do I need higher collision deductibles?
  • Am I getting all the discounts available?
  • Are my friends covered when driving my car?
  • Do I have any recourse if my insurance company denies a claim?
  • What can I do if my company denied a claim?
  • What are the best liability limits?
  • Am I covered if I crash into my own garage door?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Car insurance coverage information

Having a good grasp of a auto insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages available from auto insurance companies.

Liability coverage

This protects you from injuries or damage you cause to a person or their property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against things such as legal defense fees, bail bonds, loss of income and structural damage. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive protection

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

Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane, vandalism, a broken windshield and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as surgery, rehabilitation expenses, prosthetic devices and X-ray expenses. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Coverage for collisions

This pays for damage to your 5 Series resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like damaging your car on a curb, driving through your garage door, sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comments About 1991 BMW 5 Series Insurance

  1. Lorraine Francis

    Progressive and Allstate had the best prices I found in Ohio.

  2. Adalberto Rowland

    Mine is so expensive. Live in Detroit, MI. Checked online prices for a 1991 BMW 5 Series. Ended up at about $120 savings annually. Went with Allstate. Insured with Western Auto Insurance before. They have free quotes online. I’m thinking about dropping full coverage though.

  3. Bula Bennett

    For me, Progressive was by far the cheapest in Providence, Rhode Island.

  4. Jacqualine Mckenzie

    I live just outside Gulfport, Mississippi. Compared quite a few companies. Saved roughly $30 a month. GEICO was the best choice for me.

  5. Eldora Allen

    I’m looking for cheaper coverage. I’m in the west part of Allentown, Pennsylvania. Quoted with Liberty Mutual, AAA, MetLife, and a couple others for my BMW and I’m now saving $24 a month. I get a discount for insuring multiple vehicles. Might find lower rates online.

  6. Irving Noble

    Cheap is relative. I live in Parkersburg, WV. Quoted quotes with Auto-Owners, Farmers, and Nationwide for my 5 Series and saved just over $60 a year. Was with Hanover.

  7. Ella Wilcox

    All insurance companies are crooks.

  8. Felton Heath

    I live just outside Parkersburg, West Virginia. Got car insurance prices from American Family, Safeco, and a few others for my 1991 BMW 5 Series and saved just over $110 a year. Insured with 21st Century before. They have a lot of discounts available. Did it all online. I don’t insure for physical damage though.

  9. Gregory Cruz

    I live west of Parkersburg, West Virginia. Quoted with Hanover, AIG Insurance, Nationwide, and a couple others for my 1991 BMW 5 Series and I think I am saving around $20 each month. Get lots of quotes to find the best rate. Book value doesn’t justify full coverage anymore.

  10. Francisco Horn

    Went with Sentry for my BMW and saved around $110 a year. Still almost need a second mortgage. Next renewal I’ll just do liability.