2013 BMW 5 Series Gran Turismo Car Insurance Cost – 7 Tips for Cheapest Prices

Looking for better insurance rates for your BMW 5 Series Gran Turismo? Finding lower-cost insurance might seem impossible for consumers who are beginners to quoting and comparing prices on the web. With so many insurance agents and insurance companies available, how can you efficiently compare every company to locate the best available rates?

Consumers need to get comparison quotes every six months because rates go up and down regularly. Despite the fact that you may have had the best deal for 5 Series Gran Turismo insurance at your last renewal a different company probably has better prices today. There is lot of inaccurate information about insurance out there, but in just a couple of minutes you can learn some of the best techniques to find cheap insurance.

Take these seven policy discounts and save

The cost of insuring your cars can be expensive, but companies offer discounts that you may not even be aware of. Certain discounts will be applied at the time you complete a quote, but once in a while a discount must be specifically requested prior to getting the savings. If you check and find you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.

  • New Car Discount – Buying a new car model is cheaper since newer vehicles are generally safer.
  • Own a Home and Save – Simply owning a home can get you a discount since home ownership demonstrates responsibility.
  • Early Renewal Discounts – A few insurance companies allow discounts for signing up prior to your current policy expiring. You may see this discount when you get insurance coverage quotes online.
  • Drive Safe and Save – Safe drivers could pay up to 40% less for 5 Series Gran Turismo insurance compared to rates paid by drivers with frequent claims.
  • Distant Student Discount – Children who live away from home at college and do not take a car to college can be insured at a reduced rate.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the medical payments premium.
  • Passive Restraints – Factory air bags and/or automatic seat belt systems could see savings of 20% or more.

It’s important to note that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

To view insurance companies with discount rates, click this link.

Buy auto insurance online

There are a variety of methods to compare auto insurance prices but there is one way that is more efficient than others. You can waste a few hours (or days) driving to insurance companies in your area, or you could save time and use online quotes to get prices fast.

Many companies are enrolled in a marketplace that allows shoppers to submit their information once, and each company can give them a price based on the submitted data. This system prevents you from having to do form submissions for each company you want a rate for.

To find out what other companies charge click to open in new window.

The single downside to pricing coverage this way is that consumers can’t choose which companies to get quotes from. So if you prefer to choose specific insurance companies to receive pricing from, we have assembled a list of companies who write auto insurance in your area. Click here to view list.

Whichever way you use, do your best to enter equivalent coverage data on every price quote you get. If you enter unequal deductibles or liability limits you can’t possibly decipher which rate is best. Even a minor difference in insurance coverages or limits may result in large price differences. And when price shopping your coverage, comparing a large number of companies helps increase your odds of locating a better price.

Which policy gives me the best coverage?

When choosing the right insurance coverage, there really is not a single plan that fits everyone. Each situation is unique.

For instance, these questions can help discover whether you would benefit from professional advice.

  • Am I better off with higher deductibles on my 2013 BMW 5 Series Gran Turismo?
  • Is my nanny covered when driving my vehicle?
  • Should I buy full coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Is my dog or cat covered if injured in an accident?
  • Does my policy cover me when driving someone else’s vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Insurance coverage companies are expert advertisers

Companies like GEICO, State Farm and Progressive consistently run ads in print and on television. All the companies advertise the message of big savings just by switching to them. How does each company charge lower premium rates? You have to listen carefully.

Different companies give the cheapest rates for the type of insured that will be a good risk. An example of a profitable insured could possibly be a mature driver, has a clean driving record, and drives a lower-performance vehicle. Anyone who meets those qualifications will most likely get cheap rates and will cut their rates substantially.

Potential customers who are not a match for these standards may be forced to pay higher prices and this results in business not being written. The trick companies use is to say “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. This is how insurance companies can make the claims of big savings. That is why it is so important to compare many company’s rates. Because you never know which company will have the lowest rate quotes.

Car insurance coverage information

Understanding the coverages of your insurance policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hail damage, rock chips in glass, a tree branch falling on your vehicle, damage from a tornado or hurricane and vandalism. The most your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability

Liability coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for things such as medical expenses, legal defense fees, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like nursing services, ambulance fees, funeral costs, pain medications and chiropractic care. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your 2013 BMW 5 Series Gran Turismo.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage

This will pay to fix damage to your 5 Series Gran Turismo from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a mailbox, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Buy online or local, you save

When you buy insurance coverage online, you should never sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage at a price you can afford but still have enough coverage for asset protection.

Discount 2013 BMW 5 Series Gran Turismo insurance can be bought on the web in addition to many insurance agents, so you need to quote insurance coverage with both so you have a total pricing picture. A few companies do not provide the ability to get quotes online and usually these regional insurance providers sell through independent agents.

Consumers who switch companies do it for a number of reasons such as not issuing a premium refund, policy cancellation, high rates after DUI convictions or even policy non-renewal. No matter why you want to switch, finding a new insurance coverage company can be pretty painless.

Additional detailed information can be read in the articles below:

Comments About 2013 BMW 5 Series Gran Turismo Insurance

  1. Clarita Santos

    I’m in the north part of Colorado Springs, CO, and State Farm rates were best.

  2. Nerissa Adams

    Live in Seattle, WA. Quoted with AIG Insurance, Mercury, and some smaller one I can’t remember the name of for my BMW and saved $493 a year.

  3. Lea Mccarthy

    I think I’m paying too much. Got a quote with Travelers for my 5 Series Gran Turismo and saved about $310 a year. I used their website to get prices.

  4. Lorita Hoover

    Thought I’d throw in my experience. I live in a small town just outside of Little Rock, AR. I got free quotes with USAA, AIG Insurance, Hartford, and Mercury for my BMW and I’m now saving $32 a month. Teenage drivers are expensive!

  5. Thurman Fischer

    Cheap car insurance? What’s that? From west side of Tulsa, Oklahoma. Quoted prices online for a 2013 BMW 5 Series Gran Turismo. Ended up at about $430 savings annually. Went with State Farm. Insured with Esurance before. Good multi-policy discounts. I quoted rates online then called them.

  6. Anya Owens

    Nice info. Checking in from Lexington, KY. Quoted with GEICO, AAA, and Encompass for my 5 Series Gran Turismo and saved just over $490 a year. I recommend comparing lots of rates.

  7. Vern Delaney

    Well-written and thought out article. I live in a small town just outside of Salt Lake City, UT. Got car insurance prices from AIG Insurance, Nationwide, and some smaller one I can’t remember the name of for my 2013 BMW 5 Series Gran Turismo and saved just over $200 a year.

  8. Claretha Bowen

    I think I’m paying too much. I live on the east side of Worcester, MA. Got prices from MetLife, Eastwood, GEICO, and AAA for my 2013 BMW 5 Series Gran Turismo and I’m now saving $30 a month. Not sure if rates are cheaper online or not.

  9. Janelle Gilbert

    Cheap car insurance? What’s that? Quoted with State Farm for my BMW and saved about $330 a year. Was with Auto-Owners. I got prices on the web.

  10. Dodie Barrett

    I’m in Madison, Wisconsin. Received quotes with Hartford, AIG Insurance, Mercury, and a couple others for my 5 Series Gran Turismo and saved just over $310 a year. I have a couple other vehicles on the policy. Hardly afford to drive anymore.

  11. Evie Avery

    I’m in the south part of Fairbanks, AK. Compared rates from a lot of places. Saved darn near $30 a month. State Farm was the most affordable for me. Was with AAA.

  12. Ora Decker

    Will 21st Century raise rates after an accident?

  13. Cassondra Rocha

    Mine is so expensive. I live in Fairbanks, AK. I quoted with MetLife, Erie, GEICO, and American Family for my BMW and saved around $460 a year. I increased coverages a little too.

  14. Cherlyn Franks

    I found pretty cheap rate quotes for a 2013 BMW 5 Series Gran Turismo in Parkersburg, West Virginia. Ended up at roughly $480 every six months with American Family. I have a teen driver too. Still almost need a second mortgage.