Cheap 2015 BMW 5 Series Car Insurance Rates

Feel like you have high-priced insurance? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out. Lots of insurers contend for your business, and because of this it can be hard to compare insurers and uncover the absolute cheapest price

If you are insured now or need a new policy, you can use these tips to get lower rates while maintaining coverages. Finding the best rates is quite easy. Drivers just need to understand how to compare company rates over the internet.

The most recommended method to compare car insurance company rates utilizes the fact most of the larger companies participate in online systems to compare rate quotes. The one thing you need to do is provide details like how old drivers are, which vehicles you own, whether you have decent credit, and if you have an active license. Those rating factors is submitted instantly to many different companies and they respond with quotes immediately.

To find lower rates now, click here and find out if lower rates are available.

Do you qualify for discounts?

Companies offering auto insurance don’t necessarily list every discount they offer in a way that’s easy to find, so here is a list both the well known and the harder-to-find ways to save on insurance coverage.

  • Driver Education Discount – It’s a good idea to have your young drivers participate in a local driver’s education class if offered at their school.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts can save 10% or more off the personal injury premium cost.
  • Driver Training Discounts – Participating in a course in driver safety could earn you a small percentage discount and make you a better driver.
  • Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems could see savings of 20% or more.
  • Auto/Life Discount – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.

You can save money using discounts, but some credits don’t apply to the entire policy premium. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though it appears all those discounts means the company will pay you, it just doesn’t work that way.

A list of companies and their possible discounts are:

  • American Family may include discounts for mySafetyValet, defensive driver, multi-vehicle, good driver, and early bird.
  • Farm Bureau may offer discounts for good student, driver training, safe driver, multi-policy, 55 and retired, and renewal discount.
  • State Farm has savings for defensive driving training, multiple policy, anti-theft, passive restraint, multiple autos, and safe vehicle.
  • Travelers discounts include save driver, continuous insurance, student away at school, hybrid/electric vehicle, home ownership, good student, and early quote.
  • The Hartford includes discounts for anti-theft, air bag, defensive driver, driver training, bundle, good student, and vehicle fuel type.
  • GEICO may have discounts that include driver training, multi-vehicle, anti-lock brakes, military active duty, and anti-theft.
  • Progressive has discounts for online signing, good student, continuous coverage, homeowner, multi-vehicle, and multi-policy.

Check with each company or agent how many discounts you can get. Some of the earlier mentioned discounts may not be offered in every state. To find companies that provide some of the discounts listed above, click here.

Choices you make can impact your insurance rates

An important part of buying insurance is that you know some of the elements that play a part in calculating insurance coverage rates. If you understand what influences your rates, this enables informed choices that will entitle you to big savings. Lots of factors are taken into consideration when you quote your car insurance policy. Some are pretty understandable such as your driving history, but other criteria are more obscure like your vehicle usage or how safe your car is.

  • Credit history impacts premiums – A driver’s credit score is a large factor in your rate calculation. Therefore, if your credit score leaves room for improvement, you could save money insuring your 2015 BMW 5 Series by spending a little time repairing your credit. Drivers who have high credit scores tend to file fewer claims and have better driving records than those with poor credit.
  • You might want pay the minor insurance claims yourself – Companies provide cheaper rates to people that do not abuse their auto insurance. If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Your insurance policy is intended for claims that you cannot pay yourself.
  • The more you drive the more you pay – The more you drive your BMW annually the more you’ll pay to insure it. Almost all companies charge to insure your cars determined by how the vehicle is used. Autos that have low annual miles can be on a lower rate level than vehicles that have high annual mileage. It’s always a good idea to double check that your vehicle rating states the correct usage. A policy that improperly rates your 5 Series can cost quite a bit.
  • How much liability – Your insurance coverage policy’s liability coverage is the protection in the event that a jury decides you are liable for personal injury or accident damage. Liability insurance provides legal defense coverage starting from day one. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.
  • Expect high rates for teens – Older insureds are viewed as being more responsible, tend to file fewer claims .Young drivers are statistically shown to be easily distracted in a vehicle so insurance coverage rates are higher.
  • Marriage pays dividends – Having a wife or husband helps lower the price on your insurance coverage bill. Marriage translates into being more mature than a single person and insurance companies like that married couples file fewer claims.
  • Don’t get traffic citations – Even one speeding ticket can increase the cost of insurance by twenty percent. Good drivers receive lower rates compared to drivers with tickets. Drivers with dangerous violations like DUI or willful reckless driving may be required to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to legally drive a vehicle.

Don’t assume everyone needs the same insurance coverage

When buying the best insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s needs are different so your insurance should reflect that These are some specific questions can help discover if you could use an agent’s help.

  • When can my company non-renew my policy?
  • I have a DUI can I still get coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • When should my teen driver be added to my policy?
  • What is high-risk coverage and where do I buy it?
  • Am I covered if I drive in a foreign country?
  • Is my trailer covered?
  • How can I get my company to pay me more for my totalled car?
  • When should I remove comp and collision on my 2015 BMW 5 Series?
  • What are the financial responsibility laws in my state?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Auto insurance coverages and their meanings

Understanding the coverages of auto insurance can help you determine the right coverages for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverage types available from auto insurance companies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for chiropractic care, X-ray expenses, hospital visits, pain medications and nursing services. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your 2015 BMW 5 Series.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive coverage

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like theft, damage from flooding, damage from getting keyed and a broken windshield. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage protection

This pays for damage to your 5 Series resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as sideswiping another vehicle, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Liability coverages

This protects you from damage or injury you incur to other’s property or people by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as repair costs for stationary objects, structural damage, attorney fees and pain and suffering. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

The bottom line

We’ve covered some good ideas how you can shop for 2015 BMW 5 Series insurance online. It’s most important to understand that the more quotes you get, the better likelihood of getting affordable insurance coverage. You may even find the lowest priced insurance coverage comes from a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as Allstate or State Farm.

Cheaper insurance coverage can be found on the web in addition to local insurance agencies, so get free insurance coverage quotes from both of them so you have a total pricing picture. Some insurance coverage companies do not provide the ability to get a quote online and most of the time these regional insurance providers only sell through independent insurance agents.

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Comments About 2015 BMW 5 Series Insurance

  1. Carol Phillips

    Cheaper car insurance is a myth. Located in Nampa, Idaho. Received rates from Amica, Nationwide, and Western Auto Insurance for my 5 Series and saved just over $280 a year.

  2. Ross Franklin

    Like your site, BTW. I live in a small town just outside of Hilo, HI. Compared quite a few companies. Saved roughly $30 a month. Allstate was the most affordable for me. BTW speeding tickets are not good. God forbid I actually have a claim.

  3. Miranda Tyson

    Does Allstate insure at replacement cost?

  4. Ta Jacobson

    From Lewiston, ME. Not sure of all the companies but I ended up saving about $40 each month. Insured with Nationwide before. It was easy to get rates.

  5. Bonita Morgan

    Will Allstate raise rates for a rock chip claim?

  6. Lionel Joseph

    I live in a small town just outside of Cranston, Rhode Island, and State Farm rates were best. Insured with Farmers before. I think they have home insurance too. :P

  7. Leo Greene

    I’m from Atlanta, Georgia. Received rates from Amica, Mercury, and some smaller one I can’t remember the name of for my 2015 BMW 5 Series and I think I saved around $60 each month. Left Hartford to switch.

  8. Ray Carey

    State Farm is decent in Birmingham, AL.

  9. Shizuko Mcconnell

    If you have a good history and live in the vicinity of Hartford, Connecticut, check out GEICO. You might save some money. Did it all online.

  10. Eleonora Curry

    Quoted with Safeco for my 2015 BMW 5 Series and cut my rates about $180 a year. Insured with AIG Insurance before. Still almost need a second mortgage.

  11. Bernice Blake

    Here’s my quote info. Got a quote with MetLife for my 2015 BMW 5 Series and cut my rates about $480 a year.

  12. Roberto Colon

    I’m in the suburbs of Charleston, SC. Received prices from Sentry, Esurance, Progressive, and American Family for my 2015 BMW 5 Series and I think I saved about $40 each month. It’s still not cheap enough.