View 2011 BMW 5 Series Gran Turismo Insurance Quotes

Want lower insurance rates for your BMW 5 Series Gran Turismo? Are you a victim of high-priced insurance? It’s quite common and there are lots of residents who feel the same. Many insurance companies vie for your business, and it can be difficult to compare rates and get the definite cheapest price

It’s important to do rate comparisons quite often because prices are usually higher with each renewal. Even if you got the lowest rates on 5 Series Gran Turismo coverage last year you may be paying too much now. Block out anything you think you know about insurance because I’m going to let you in on the secrets to the fastest and easiest way to lower your rates without sacrificing coverage.

If you have a current insurance policy or need new coverage, you can use these techniques to shop for the lowest rates and still get good coverage. Buying car insurance is not rocket science. Consumers only need to know the tricks to get comparison rates online.

The easiest way to compare policy rates utilizes the fact auto insurance companies actually pay money for the chance to compare their rates. The only thing you need to do is provide details such as your credit rating estimate, how your vehicles are used, how much education you have, and if the car is leased. Your details is then submitted to multiple different insurance companies and they return rate quotes within a short period of time.

Don’t listen to company ads

Consumers can’t escape the ads that claim the cheapest premium rates by GEICO, State Farm and Progressive. All the companies try to convey promises about saving some big amount if you get a free insurance coverage quote and switch your coverage to them.

Is it even possible that every company can charge lower premium rates? Just pay attention to how they say it.

All the different companies provide the lowest rates for the type of customer that earns them a profit. For instance, a driver they prefer could be between 25 and 40, owns a home, and chooses high deductibles. Any customer who fits those characteristics receives the best premium rates and is almost guaranteed to save if they switch.

People who do not fit those criteria will get higher premiums and ends up with the customer buying from someone else. The ad wording is “drivers that switch” but not “everyone who gets a quote” save that much when switching. That is how companies can make claims that they all have the best car insurance rates.

Because of the profiling, drivers must do a rate comparison at every renewal. Because you never know the company that will have the best rates.

Smart buyers know how to find insurance at a discount

Many factors are used when quoting car insurance. Some factors are common sense such as traffic violations, but others are not quite as obvious like where you live or your vehicle rating.

  • Optional features impact prices – Purchasing a vehicle with advanced anti-theft systems can help lower your rates. Theft prevention features like OnStar, LoJack tracking, and tamper alarms help track and prevent your vehicle from being stolen.
  • Gals tend to cost less – The statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that females are better drivers. Females and males cause at-fault accidents in similar numbers, but males tend to have higher claims. They also get more serious tickets such as DWI and reckless driving. Male teenagers are most likely to cause an accident so they pay the highest premiums.
  • More traffic equals higher prices – Choosing to live in areas with lower population has definite advantages when trying to find low car insurance rates. Fewer people means reduced accidents in addition to fewer liability claims. Urban drivers have to deal with more traffic problems and more severe claims. Longer commute distances means higher likelihood of an accident.
  • How old are your drivers? – Inexperience drivers are proven to get distracted easily with other occupants in the car and because of this, their insurance rates are much higher. Having to add a youthful driver to your policy can be quite pricey. Mature drivers tend to be more responsible, tend to cause fewer accidents .
  • Only buy coverage you need – Insurance companies have many additional coverages that can waste your money if you don’t pay attention. Coverages for replacement cost coverage, accident forgiveness, and motor club memberships may be wasting your money. You may think they are a good idea when deciding what coverages you need, but if you’ve never needed them in the past think about removing them and cutting costs.
  • Less chance of injury means lower prices – Cars with high safety ratings tend to have better insurance rates. Vehicles built for safety result in less severe injuries and any reduction in injury severity means less claims paid which can mean better rates for you. If your BMW 5 Series Gran Turismo scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
  • Prices impacted by vehicle usage – The more you drive in a year’s time the higher your rates will be. A lot of companies price each vehicle’s coverage based upon how you use the vehicle. Cars that have low annual miles can be on a lower rate level than those used for commuting. A policy that improperly rates your 5 Series Gran Turismo may be wasting your money. It’s a smart idea to ensure your insurance coverage shows annual mileage.

Lower rate quotes with these insurance coverage discounts

The cost of insuring your cars can be expensive, but you might be missing out on some discounts to reduce the price significantly. A few discounts will automatically apply when you get a quote, but a few must be asked for before they will apply.

  • Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • One Accident Forgiven – This isn’t a discount exactly, but some insurance companies will forgive one accident before raising your premiums if your claims history is clear prior to being involved in the accident.
  • Club Memberships – Participating in a qualifying organization could qualify you for a break on your policy.
  • Drivers Education – Have your child participate in a local driver’s education class in high school.
  • Service Members Pay Less – Being on active deployment in the military may lower your prices slightly.

Drivers should understand that many deductions do not apply to the entire cost. Some only apply to individual premiums such as liability, collision or medical payments. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Popular insurance coverage companies and the discounts they provide are:

  • GEICO offers discounts including emergency military deployment, seat belt use, good student, anti-theft, and military active duty.
  • MetLife has savings for good student, accident-free, defensive driver, good driver, and multi-policy.
  • State Farm offers discounts for Drive Safe & Save, anti-theft, multiple policy, Steer Clear safe driver discount, and driver’s education.
  • Progressive discounts include good student, multi-vehicle, online quote discount, online signing, and continuous coverage.
  • Mercury Insurance may include discounts for professional/association, age of vehicle, good driver, location of vehicle, low natural disaster claims, good student, and type of vehicle.
  • 21st Century has discounts for theft prevention, early bird, defensive driver, teen driver, automatic seat belts, and good student.
  • Allstate policyholders can earn discounts including passive restraint, premier plus, EZ pay plan discount, farm vehicle, anti-theft, safe driver, and resident student.

Before buying, ask every prospective company which discounts you may be entitled to. Savings may not apply to policies in your area. For a list of insurers that offer some of these discounts, follow this link.

Car insurance can get complicated

When it comes to buying coverage, there is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. For instance, these questions might point out if your situation would benefit from professional advice.

  • Is my cargo covered for damage or theft?
  • Can I rate high risk drivers on liability-only vehicles?
  • Should I carry comprehensive and collision coverage?
  • Why is insurance for a teen driver so high?
  • Does my 2011 BMW 5 Series Gran Turismo qualify for pleasure use?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • I have health insurance so do I need medical payments coverage?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Detailed coverages of your auto insurance policy

Having a good grasp of a auto insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by auto insurance companies.

Auto liability insurance

This coverage will cover damage that occurs to other people or property that is your fault. It 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: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like structural damage, medical services, medical expenses and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Collision coverage

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like backing into a parked car, sideswiping another vehicle, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hail damage, damage from a tornado or hurricane, hitting a deer, theft and falling objects. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP pay for bills like chiropractic care, nursing services and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW 5 Series Gran Turismo.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.

Final thoughts

Cheap 2011 BMW 5 Series Gran Turismo insurance is definitely available online as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance coverage companies may not have rate quotes online and usually these smaller providers only sell coverage through independent agents.

While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. In many instances, drivers have reduced collision coverage only to discover later that it was a big mistake. The ultimate goal is to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.

Additional information is located on the following sites:

Comments About 2011 BMW 5 Series Gran Turismo Insurance

  1. Dane Morrison

    I got decent rates for a 2011 BMW 5 Series Gran Turismo in Chesapeake, Virginia. Ended up at darn near $140 every six months with American Family. Insured with State Farm before.

  2. Linwood Stevens

    Cheaper not always better. I live just to the east of Saint Paul, MN. Checked online prices for a 2011 BMW 5 Series Gran Turismo. Ended up at about $460 savings annually. Went with Progressive. Insured with Encompass before.

  3. Pamala Mcconnell

    Cheap car insurance? What’s that? I’m in Louisville, Kentucky. Got car insurance quotes with Allstate, Auto-Owners, Farmers, and Hanover for my 2011 BMW 5 Series Gran Turismo and I’m now saving $34 a month. Left Amica to switch. Still almost need a second mortgage.

  4. Del Holder

    Where is cheaper car insurance? I live just to the south of Green Bay, Wisconsin. Got car insurance quotes with Allstate, Auto-Owners, and Eastwood for my 5 Series Gran Turismo and saved $542 a year. Was with 21st Century. Can still barely afford it.

  5. Suzy Hines

    Affordable car insurance is a myth. I live on the east side of Missoula, MT. Quoted with State Farm, AAA, and Esurance for my 5 Series Gran Turismo and I’m now saving $61 a month. I got prices on the web.

  6. Else Hancock

    Got pretty cheap 2011 BMW 5 Series Gran Turismo insurance from Progressive in San Diego, California.

  7. Jacqui Mathis

    If you don’t have tickets and live in the vicinity of Hartford, CT, check out State Farm. They seem to be cheaper.

  8. Cathrine Benton

    I’m from Cleveland, OH. I don’t recall every quote but I ended up saving about $30 each month. It was easy to get rates.

  9. Lindsey Goodman

    I think I’m paying too much. I’m from Fayetteville, AR. Received prices from Allstate, The General, and Farmers for my 5 Series Gran Turismo and saved $385 a year. I have several vehicles insured with them. It’s still not cheap enough.

  10. Deirdre Mcbride

    Cheapest quote for my 2011 BMW 5 Series Gran Turismo was with Erie.

  11. Divina Franks

    I’m just north of Little Rock, AR. Got car insurance prices from Allstate, Auto-Owners, Encompass, and Hartford for my BMW and saved $127 a year. Was with Hartford. Got better coverage too.

  12. Malka Yang

    Mine is so expensive. I’m in the south part of Kansas City, MO. Quoted prices from American Family, Safeco, and some smaller one I can’t remember the name of for my 2011 BMW 5 Series Gran Turismo and I’m now saving $51 a month. Insured with AIG Insurance before. My new agent seems to be really good. Can still barely afford it.

  13. France Bentley

    From east side of Chicago, IL. I got free rates from Liberty Mutual, Amica, Safeco, and a couple others for my BMW and I’m now saving $60 a month. Bought it from an online quote.