1997 BMW 5 Series Car Insurance Quotes – 7 Tips for Best Rates

Want better insurance coverage rates for your BMW 5 Series? Having to pay for high-priced BMW 5 Series insurance can dwindle your savings account and put the squeeze on your family’s finances. Shopping your coverage around is a smart way to reduce premiums and put more money in your pocket.

Popular companies such as State Farm and Geico constantly bombard you with advertising and it can be hard to separate fact from fiction and find the best price available.

The fastest way that we advise to get policy rate comparisons is to realize car insurance companies pay for the opportunity to compare rate quotes. All you need to do is provide a small amount of information like how you use your vehicles, which vehicles you own, whether you are single or married, and if a SR-22 is required. The rating information is instantly sent to insurance companies and they return cost estimate instantly to find the best rate.

If you would like to compare rates now, click here then complete the form.

Earn discounts on insurance coverage

Companies offering auto insurance don’t always list every policy discount in a way that’s easy to find, so the list below contains a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy insurance coverage online.

• First Accident Forgiveness – This one is not really a discount per se, but companies like Geico, State Farm, and Progressive permit an accident before they charge you more for coverage with the catch being you have to be claim-free for a set time period.
• Defensive Driver – Taking a driver safety class can save you 5% or more if your company offers it.
• Government Employee Discount – Being employed by or retired from a federal job can save as much as 8% for 5 Series insurance but check with your company.
• Seat Belts Save more than Lives – Forcing all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
• Claim-Free Discount – Drivers who stay claim-free pay less in comparison with policyholders that have many claims.
• Telematics Discount – Drivers that enable their insurance coverage company to study vehicle usage through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive may see discounts if their driving habits are good.
• Fewer Miles Equal More Savings – Maintaining low annual mileage may allow you to get lower rates on the low mileage vehicles.

Policy discounts save money, but most of the big mark downs will not be given to your bottom line cost. Most cut individual premiums such as liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way.

To see providers with discount rates, click here to view.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there really is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions may help highlight if you will benefit from professional help.

• Is a new car covered when I drive it off the dealer lot?
• If my pet gets injured in an accident are they covered?
• When should I drop full coverage on my 1997 BMW 5 Series?
• Is other people’s property covered if stolen from my vehicle?
• Am I insured when driving a different vehicle?
• Do I need replacement cost coverage?
• What can I do if my company denied a claim?

If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverages and their meanings

Having a good grasp of your insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Protection from uninsured/underinsured drivers

This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your BMW 5 Series.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Comprehensive (Other than Collision)

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, rock chips in glass and damage from flooding. 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 consider dropping full coverage.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for expenses like doctor visits, pain medications, nursing services, EMT expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Liability

This will cover damage that occurs to a person or their property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for things like repair bills for other people’s vehicles, court costs, structural damage and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage protection

This covers damage to your 5 Series resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a mailbox, damaging your car on a curb, backing into a parked car, sideswiping another vehicle and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Have the Midas touch

When searching for affordable insurance coverage quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your objective should be to get the best coverage possible at the best cost, but do not sacrifice coverage to save money.

A few companies do not provide online price quotes and these small insurance companies sell through independent insurance agencies. Discount 1997 BMW 5 Series insurance can be found on the web and from local agencies, so you should compare both in order to have the best chance of saving money.

Much more information about insurance can be read at these links:

• Understanding Car Crashes Video (iihs.org)
• Frontal Crash Tests (iihs.org)
• A Tree Fell on Your Car: Now What? (Allstate)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Auto Crash Statistics (Insurance Information Insitute)