Want better auto insurance rates for your BMW 5 Series? Shopping for lower priced auto insurance online is somewhat intimidating for consumers new to comparing rates and buying auto insurance on the web. Since there are so many companies competing online, how are consumers expected to have the ability to compare them all to find the cheapest available price?
All major car insurance companies like State Farm, Allstate and Geico give prices from their websites. The process is very simple as you just enter into a form. Once you submit the form, their rating system will obtain reports for credit and driving violations and generates a price based on these factors.
This simplifies rate comparisons, but the time it takes to visit multiple sites and type in your information can be a bit repetitive. But it is imperative to perform this step if you are searching for better car insurance pricing.
There is a better way to compare rates
The easiest way to lower your car insurance bill uses just one form that obtains quotes from more than one company. It saves time, requires much less work on your part, and makes online shopping much simpler. As soon as you send your information, it is rated and you can choose any one of the quotes returned. If you find a better price you can simply submit the application and buy the policy. The entire process can be completed in a matter of minutes and may save quite a bit of money.
To quickly find out how much you can save on car insurance, click here to open in new window and submit the form. If you currently have coverage, we recommend you enter your coverages identical to your current policy. This helps ensure you will receive rate comparison quotes based on similar coverages.
Consumers need to have an understanding of some of the factors that help calculate your policy premiums. When you understand what determines premiums, this helps enable you to make changes that may reward you with lower car insurance prices. Many different elements are taken into consideration when you quote your car insurance policy. Most are fairly basic like an MVR report, although some other factors are more transparent such as your credit history or your commute time.
Companies offering auto insurance don’t always publicize all possible discounts very well, so the following is a list of some of the best known in addition to some of the lesser obvious discounts that you may qualify for.
Consumers should know that some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like comprehensive or collision. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.
Larger insurance companies and some of the discounts are included below.
Before you buy a policy, ask every prospective company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply to policyholders in every state.
When it comes to buying adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique.
For example, these questions may help highlight if you will benefit from professional help.
If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Knowing the specifics of auto insurance helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Medical costs insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses such as funeral costs, EMT expenses, doctor visits and nursing services. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Liability auto insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.
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 commonly see values of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.
Liability insurance covers things like repair costs for stationary objects, structural damage, pain and suffering, loss of income and legal defense fees. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Collision coverage – Collision insurance pays for damage to your 5 Series resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims such as hitting a mailbox, hitting a parking meter, driving through your garage door, crashing into a ditch and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Comprehensive or Other Than Collision – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as fire damage, vandalism and hitting a deer. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
UM/UIM Coverage – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.
A few companies do not offer online rate quotes and usually these small insurance companies work with local independent agents. Cheap 2016 BMW 5 Series insurance can be bought online in addition to many insurance agents, and you need to price shop both to have the best rate selection.
When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In many cases, someone sacrificed liability limits or collision coverage to discover at claim time that the savings was not a smart move. The goal is to buy enough coverage at the best cost, not the least amount of coverage.
We just showed you some good ideas how to shop for 2016 BMW 5 Series insurance online. It’s most important to understand that the more companies you get prices for, the better likelihood of getting cheaper auto insurance. You may be surprised to find that the lowest priced insurance coverage comes from the least-expected company.
Found cheapest coverage with USAA for my 5 Series and saved about $350 a year. Left Hartford to switch.
2016 BMW 5 Series + 21st Century = GOOD RATES!
Cheaper not always better. I live on the east side of Pittsburgh, Pennsylvania. Quoted with 21st Century, Amica, and Encompass for my BMW and I think I saved around $40 each month. I even had a DUI years ago. Bought it from an online quote.
If you don’t have tickets and live in the vicinity of Owensboro, KY, check out Allstate. I saved quite a bit. Insured with GMAC before. I think they have home insurance too. Not sure if rates are cheaper online or not.
Does South Dakota require liability coverage?
Compared auto insurance prices with Allstate and GEICO but still not cheap enough.
If you have a good history and live in the vicinity of Cleveland, OH, check out GEICO. You might save some money. Left Allstate to switch.
Found cheapest coverage with Eastwood for my BMW and am saving around $280 a year. Insured with The General before. I have a couple other vehicles on the policy. Online quotes are the way to go.
I’ve had 21st Century for years. I’m in Little Rock, Arkansas.
If you’re a decent driver and live in the vicinity of Fargo, ND, check out GEICO. You might get cheaper rates. Hopefully won’t need it.
What exactly does liability cover?
Just my two cents. I live in a small town just outside of Aurora, IL. Checked online prices for a 2016 BMW 5 Series. Ended up at about $220 savings annually. Went with State Farm. They have free quotes online.