1992 BMW M5 Car Insurance Quotes

Looking for better car insurance rates for your BMW M5? Shopping for more affordable car insurance on the internet can be problematic for drivers not familiar with comparing rates on the internet. With dozens of online companies available, how are drivers able to effectively compare all the different companies and get the best pricing?

It’s a good idea to price shop coverage before your next renewal due to the fact that insurance prices change quite often. If you had the best deal for M5 coverage a couple years back you will most likely find a better rate quote today. Forget all the misinformation about car insurance because you’re about to find out one of the quickest ways to get good coverage at a lower rate.

Which car insurance is cheapest?

Most companies such as State Farm and Allstate provide coverage price quotes online. Getting online rates is quite easy because you just enter your required coverages as requested by the quote form. Upon sending the form, their quoting system obtains your driving and credit reports and provides a quote based on the data you entered.

Online price quotes makes it easy to compare insurance prices but the time it takes to visit several different sites and enter the same data into a form can be a bit repetitive. But it is imperative to compare as many rates as possible if you want to get the best price possible.

The better way to compare rates

The quickest way to find lower prices makes use of a single form that gets price quotes from more than one company. The form is fast, reduces the work, and makes online shopping much simpler. Once the form is submitted, it gets priced and you can select any or none of the returned quotes. If a lower price is quoted, it’s easy to complete the application and purchase coverage. The entire process takes less than 15 minutes and you’ll know if lower rates are available.

To compare rates now, simply click here to open in new window and enter your vehicle and coverage information. To compare your current rates, we recommend you replicate just like they are on your policy. This way, you’re receiving a price comparison for the exact same coverage.

Discounts to earn cheap auto insurance rates

Auto insurance is not cheap nor is it fun to buy but you may be missing some discounts that could drop your premiums quite a bit. Certain reductions will be credited at the time of purchase, but a few need to be manually applied prior to receiving the credit.

  • Accident Waiver – but a handful of insurance companies may permit one accident before raising your premiums with the catch being you have to be claim-free before the accident.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up can save a little on the medical payments or PIP coverage costs.
  • Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and therefore earn up to a 10% discount.
  • Save with a New Car – Insuring a new car can cost up to 25% less due to better safety requirements for newer vehicles.
  • Military Rewards – Having a deployed family member could be rewarded with lower premium rates.
  • Pay Now and Pay Less – By paying your entire bill at once rather than paying monthly you may have a lower total premium amount.
  • E-sign – Some companies will give you a small discount just for signing your application on the web.

Drivers should understand that most credits do not apply the the whole policy. Most only reduce individual premiums such as liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride.

A partial list of companies that have these benefits are:

When getting a coverage quote, ask all the companies to apply every possible discount. Some discounts might not be offered in your area. If you would like to view companies with the best auto insurance discounts, follow this link.

Tailor your insurance coverage coverage to you

When choosing the best insurance coverage coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different.

These are some specific questions may help highlight if your insurance needs might need professional guidance.

  • What is medical payments coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is motorclub coverage worth it?
  • How do I buy GAP insurance?
  • Should I buy more coverage than the required minimum liability coverage?
  • Should I rate my 1992 BMW M5 as pleasure use or commute?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form.

Auto insurance 101

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Collision insurance

This coverage pays to fix your vehicle from damage from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like backing into a parked car, sideswiping another vehicle, colliding with another moving vehicle, crashing into a building and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.


Liability coverage can cover damages or injuries you inflict on a person or their property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has 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 $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things such as repair costs for stationary objects, medical expenses, attorney fees, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is your choice, but buy higher limits if possible.

Comprehensive insurance

This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from getting keyed, rock chips in glass, fire damage, falling objects and damage from flooding. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 1992 BMW M5.

Due to the fact that many 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.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for EMT expenses, rehabilitation expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Knowledge is power

Some insurance coverage companies do not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through independent agents. Affordable 1992 BMW M5 insurance is attainable both online as well as from insurance agents, so you need to compare both in order to have the best chance of saving money.

When you buy car insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage for the lowest cost, not the least amount of coverage.

People leave their current company for any number of reasons including delays in responding to claim requests, delays in paying claims, unfair underwriting practices and even high prices. It doesn’t matter why you want to switch finding a new insurance coverage company is not as hard as you think.

More detailed insurance coverage information is located at these sites:

Comments About 1992 BMW M5 Insurance

  1. Shanda Ferguson

    Cheapest quote for my 1992 BMW M5 was with Esurance.

  2. Joette Edwards

    This is too expensive. I live south of San Jose, CA. Received quotes with 21st Century, Hanover, and Encompass for my BMW and saved $77 a year. I even had a DUI years ago. Book value doesn’t justify full coverage anymore.

  3. Myron Wall

    I was with Liberty Mutual last year but switched to 21st Century. I live in Norfolk, VA. Left Western Auto Insurance to switch. Thankfully I have a good driving record. Just waiting to see how claims go.

  4. Delfina Duke

    Cheaper not always better. Proud to be from Lincoln, Nebraska. I quoted with Travelers, AAA, Liberty Mutual, and MetLife for my 1992 BMW M5 and saved just over $100 a year. Good savings if you bundle. Liability only on my M5.

  5. Michaela Garner

    Looking for cheaper 1992 BMW M5 insurance in Green Bay, WI. Help!

  6. Tessa Freeman

    I compared a lot of rate quotes for a 1992 BMW M5 in Kansas City, Missouri. Ended up at right around $70 every six months with American Family. Insured with Progressive before. Book value doesn’t justify full coverage anymore.

  7. Pablo Carroll

    Nice post. Checking in from Cincinnati, OH. I compared lots of rates. Saved right around $20 a month. GEICO was the cheapest for me. Ask about discounts. I used their online quote form to compare rates.

  8. Royal Butler

    When do I drop full coverage?

  9. Jenette Trujillo

    If you have a good history and live near West Valley City, Utah, check out State Farm. They seem to be cheaper. Insured with 21st Century before. Ask about discounts.

  10. Silva Lester

    Found cheapest coverage with AIG Insurance for my M5 and cut my rates about $100 a year. It never hurts to quote around. I only have liability coverage on it.

  11. Jesse Rodriquez

    Cheap car insurance? What’s that? Checking in from Fayetteville, AR. Quoted with GEICO, AAA, and Erie for my 1992 BMW M5 and saved $106 a year. BTW speeding tickets are not good. It never hurts to quote around.

  12. Zula Bray

    If you have a good history and live in the vicinity of Lexington, Kentucky, check out Progressive. You might get cheaper rates. I’m a pretty good driver though. I quoted rates online then called them. I’m thinking about dropping full coverage though.

  13. Erik Harrison

    Great info, thanks for posting. I’m from Paterson, NJ. Quoted with Hanover, AAA, MetLife, and a couple others for my BMW and I think I saved about $20 each month. Ask about discounts. LOL Not worth enough to pay for comprehensive and collision.