View 2014 BMW 5 Series Gran Turismo Insurance Rates

Looking for the cheapest insurance coverage rates for your BMW 5 Series Gran Turismo? Are you drained from not being able to scrape enough together each month for insurance coverage? You’re in the same situation as many other drivers. Many auto insurance companies vie for your insurance dollar, and because of this it can be hard to compare auto insurance companies to find the best price available.

What determines BMW 5 Series Gran Turismo insurance costs?

Many factors are considered when premium rates are determined. Some factors are common sense such as your driving record, but other factors are less apparent like your vehicle usage and annual miles driven.

  • Gender and insurance rates – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that men are WORSE drivers than women. Females and males are in at-fault accidents in similar percentages, but men have accidents that have higher claims. Not only that, but men also have more aggressive citations like DUI and reckless driving.
  • Never go without auto insurance – Allowing your auto insurance policy to lapse can be a quick way to increase your auto insurance rates. In addition to paying higher rates, failure to provide proof of insurance could result in a license revocation or jail time.
  • Low coverage deductibles cost more – Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if a claim is determined to be covered. Coverage for physical damage, also called ‘full coverage’, insures against damage to your car. Examples of some claims that would be covered could be colliding with a stationary object, collision with a deer, and having a roll-over accident. The more damage repair cost you choose to pay out-of-pocket, the less your auto insurance will be for 5 Series Gran Turismo insurance.
  • Premiums are high for teenagers – Mature drivers have been proven to be more responsible, are lower risk to insure , and are generally more financially stable.Teen drivers are statistically proven to be more careless with other occupants in the car and because of this, their auto insurance rates are much higher.
  • More than one policy can earn a discount – Most insurance companies apply discounts to policyholders who buy several policies from them in the form of a multi-policy discount. Even if you already get this discount, it’s always a smart idea to compare other company rates to make sure you are getting the best deal.
  • Annual miles is a factor – The higher the mileage driven every year the more you’ll pay to insure your vehicle. Most companies rate vehicles determined by how the vehicle is used. Autos left parked in the garage receive lower rates than vehicles that are driven to work every day. It’s always a good idea to double check that your auto insurance coverage is showing annual mileage. Incorrect rating for your 5 Series Gran Turismo may be wasting your money.
  • Employer reflects on prices – Do you have a high-stress occupation? Jobs like lawyers, social workers and financial analysts generally have higher rates than average in part from stressful work requirements and lots of time spent at work. Other careers like scientists, engineers and homemakers have lower than average premiums for 5 Series Gran Turismo insurance.
  • Is your vehicle theft-ready? – Driving a car that has a built-in theft deterrent system can earn a premium discount. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your car from being stolen.

The fastest way that we advise to compare insurance rates from multiple companies is to know the trick most of the larger companies allow for online access to compare their rates. The only thing you need to do is provide a small amount of information like what you do for a living, your general credit rating, the make and model of your vehicles, and whether or not you need a SR-22. Your information gets sent immediately to multiple companies and they provide comparison quotes within a short period of time.

To compare rates for your 2014 BMW 5 Series Gran Turismo now, click here and enter your coverage details.

Are auto insurance companies telling the truth?

Consumers can’t get away from ads that claim the lowest rates by State Farm, Allstate and GEICO. They all make the point about how much you will save if you just switch your policy.

But how can every company claim to save you money? It’s all in the numbers.

Many companies are able to cherry pick for the type of customer that will not have excessive claims. One example of a desirable risk might be over the age of 40, has a clean driving record, and drives less than 10,000 miles a year. A customer who matches that profile is entitled to the best price as well as save a lot of money.

Drivers who are not a match for these standards must pay more expensive rates which usually ends up with the driver buying from a lower-cost company. The ad wording is “customers that switch” but not “all drivers who get quotes” can save as much as they claim. That’s the way insurance companies can confidently make the claims of big savings.

This really emphasizes why it’s extremely important to get auto insurance quotes from several different companies. It’s just too difficult to predict which insurance companies will have the lowest prices for your situation.

Discounts for lower-cost insurance coverage rates

Insurance coverage is neither fun to buy or cheap, but there are discounts available that can help lower your rates. Some of these disounts will be visible when you get a quote, but occassionally some discounts must be asked about in order for you to get them.

  • Anti-lock Brake System – Cars, trucks, and SUVs that have steering control and anti-lock brakes have fewer accidents and therefore earn up to a 10% discount.
  • Professional Organizations – Joining qualifying employment or professional organizations could trigger savings when getting a auto insurance quote.
  • Savings for New Vehicles – Adding a new car to your policy can be considerably cheaper compared to insuring an older model.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Good Grades Discount – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount up to age 25.
  • Cautious Driver Discount – Drivers who avoid accidents may receive a discount up to 45% for 5 Series Gran Turismo insurance compared to rates paid by drivers with frequent claims.

Drivers should understand that some credits don’t apply to the entire cost. A few only apply to specific coverage prices like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, nobody gets a free ride.

A few of the larger companies and their possible discounts are outlined below.

  • State Farm may offer discounts for anti-theft, passive restraint, Steer Clear safe driver discount, good student, defensive driving training, driver’s education, and accident-free.
  • American Family discounts include good student, accident-free, bundled insurance, good driver, and defensive driver.
  • GEICO may include discounts for emergency military deployment, five-year accident-free, air bags, defensive driver, and daytime running lights.
  • 21st Century offers premium reductions for homeowners, teen driver, good student, early bird, anti-lock brakes, and 55 and older.
  • Progressive offers discounts including homeowner, continuous coverage, good student, online quote discount, online signing, and multi-vehicle.

Before purchasing a policy, check with all companies you are considering which discounts can lower your rates. Some discounts listed above might not be available to policyholders in your area. If you would like to see a list of insurance companies with significant discounts, click here.

Tailor your insurance coverage coverage to you

When choosing adequate coverage, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that can help discover whether you might need professional guidance.

  • Do I need medical payments coverage since I have good health insurance?
  • Is my trailer covered?
  • What is the minimum liability in my state?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my camper covered by my car insurance policy?
  • I have health insurance so do I need medical payments coverage?
  • Will my insurance pay for OEM parts?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I pay less for low miles?

If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Learn about auto insurance coverages for a 2014 BMW 5 Series Gran Turismo

Knowing the specifics of a auto insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by auto insurance companies.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for funeral costs, surgery, hospital visits and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Collision – Collision coverage covers damage to your 5 Series Gran Turismo resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as hitting a mailbox, colliding with a tree, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision – This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like fire damage, hitting a bird, damage from getting keyed, rock chips in glass and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability auto insurance – Liability insurance protects you from damage or injury you incur to a person or their property. This insurance protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as repair bills for other people’s vehicles, funeral expenses and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your BMW 5 Series Gran Turismo.

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 a good idea. Normally these limits are similar to your liability insurance amounts.

Smart shoppers get results

The cheapest 2014 BMW 5 Series Gran Turismo insurance can be purchased both online and from local agencies, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not have internet price quotes and these smaller companies sell through local independent agencies.

When shopping online for auto insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. Your strategy should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

More tips and info about auto insurance is located at these sites:

Comments About 2014 BMW 5 Series Gran Turismo Insurance

  1. Velma Vaughn

    Found cheapest coverage with Sentry for my 2014 BMW 5 Series Gran Turismo and saved around $250 a year. They were helpful in switching over.

  2. Anastasia Leblanc

    I was with GMAC last year but switched to GEICO. Located in Virginia Beach, Virginia. Insured with Mercury before. LOL

  3. Muoi Henson

    Does State Farm use ACV or replacement cost?

  4. Normand Walls

    I’m in Saint Louis, MO. Got prices from AIG Insurance, Mercury, and Western Auto Insurance for my BMW and saved just over $170 a year.

  5. Dovie Houston

    I got a good deal I think. Checking in from Jacksonville, FL. Compared quite a few companies. Saved about $30 a month. Allstate was the cheapest for me. A clean driving record helps.

  6. Lucas Gilbert

    Got pretty cheap 2014 BMW 5 Series Gran Turismo insurance from State Farm in Idaho Falls, ID.