2017 BMW 5 Series Insurance Quotes

Trying to find the cheapest insurance rates for your BMW 5 Series? Searching for the cheapest insurance for a BMW 5 Series can turn out to be a lot of work, but you can learn these tips to save time.

There are both good and bad ways to find insurance online so we’re going to tell you the proper way to price shop coverage for a BMW and obtain the cheapest rates either online or from local insurance agents.

The best way we recommend to compare insurance rates in your area is to know the fact most insurance companies allow for online access to compare their rates. All consumers are required to do is give them rating details including distance driven, whether you have decent credit, your occupation, and whether you drive to work or school. Your insurance information is submitted instantly to many highly-rated insurers and they respond with quotes instantly to find the best rate.

To compare multiple company rates now, click here and see if a lower rate is available.

Do you qualify for discount auto insurance?

Insurance can be prohibitively expensive, but companies offer discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically when you quote, but some must be specifically requested in order for you to get them.

  • Driving Data Discount – Policyholders that allow their auto insurance company to track vehicle usage by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might get better premium rates as long as they are good drivers.
  • Driver’s Education for Students – Cut your cost by having your teen driver complete a driver education course as it will make them better drivers and lower rates.
  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to buckle up before driving can save 10% or more on medical payment and PIP coverage.
  • Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can receive discounts of 25 to 30%.
  • Discounts for New Vehicles – Putting auto insurance coverage on a new car can save up to 30% since new vehicles have better safety ratings.
  • Safe Driver Discounts – Drivers who avoid accidents can save up to 40% or more on their insurance quote for 5 Series insurance as compared to drivers with claims.

A little disclaimer on discounts, most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you can get free auto insurance, it’s just not the way it works.

To see a list of providers who offer cheap auto insurance quotes, click here to view.

BMW 5 Series insurance rate factors

It’s important that you understand some of the elements that help determine your premiums. If you have a feel for what impacts premium levels, this allows you to make educated decisions that will entitle you to much lower annual insurance costs.

Listed below are some of the things used by insurance companies to determine your prices.

  • Never go without car insurance – Going without insurance can be a fast way to increase your car insurance rates. Not only will you pay more, being ticketed for driving with no insurance might get you fines and jail time.
  • Do you need those extra policy coverages? – Insurance policies have a lot of additional extra coverages that can add up if you don’t pay attention. Insurance for things like rental car reimbursement, high-cost glass coverage, and Farm Bureau memberships are probably not needed. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so consider taking them off your policy.
  • An active claims history can cost you – If you are the type of insured that files lots of claims you should expect either policy cancellation or increased premiums. Auto insurance companies give better rates to policyholders who do not rely on their insurance for small claims. Your car insurance is meant to be used in the event of larger claims.
  • Rates can change based on your address – Residing in less populated areas of the country is a positive aspect if you are looking for the lowest rates. People who live in big cities have more aggressive driving styles and a longer drive to work. Lower population corresponds to lower accident rates and a lower car theft rate.
  • Liability – A critical coverage on your policy, liability insurance is the protection when you are found to be at fault for damages from an accident. It provides legal defense to attempt to prove you were not liable. This coverage is very inexpensive compared to other policy coverages, so drivers should carry high limits.
  • High comp and collision deductibles lower prices – Physical damage insurance, aka comp and collision, covers damage that occurs to your BMW. Examples of covered claims could be a dented fender, damage caused by hail, and having your car stolen. Comprehensive and collision coverage deductibles state the amount of money you are willing to pay if a covered claim is submitted. The more of the claim the insured has to pay upfront, the less your car insurance will be for 5 Series insurance.
  • Bad drivers pay high rates – Good drivers receive lower rates as compared to those with violations. Even a single moving violation may cause rates to rise to the point where it’s not affordable. Drivers who have careless citations such as DUI or reckless driving might be required by their state to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to legally drive a vehicle.
  • Younger driver insurance premiums – More experienced drivers are more responsible, are lower risk to insure and tend to be get fewer driving tickets.Young drivers are proven to be careless and easily distracted with other occupants in the car and because of this, their car insurance rates are much higher.

What insurance coverages do I need?

When it comes to buying the best car insurance coverage for your personal vehicles, there is no perfect coverage plan. Each situation is unique.

For example, these questions might help in determining if you will benefit from professional help.

  • Do I need special endorsements for business use of my vehicle?
  • What if I don’t agree with a claim settlement offer?
  • I have health insurance so do I need medical payments coverage?
  • Am I covered if I drive in a foreign country?
  • How can I force my company to pay a claim?
  • What is an SR-22 filing?
  • Am I covered if my car is in a flood?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and you can get the answers you need.

Auto insurance 101

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from getting keyed, rock chips in glass and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage protection

Collision insurance covers damage to your 5 Series resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like rolling your car, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Liability auto insurance

This coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things like attorney fees, legal defense fees, emergency aid, structural damage and pain and suffering. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.

Medical expense insurance

Medical payments and Personal Injury Protection insurance kick in for bills such as EMT expenses, ambulance fees, prosthetic devices, dental work and doctor visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Make a quick buck

In this article, we covered many ways to lower your 2017 BMW 5 Series insurance premium rates. The key concept to understand is the more providers you compare, the better your chances of lowering your prices. Consumers could even find that the most savings is with a small local company.

Consumers who switch companies do it for any number of reasons including questionable increases in premium, unfair underwriting practices, high prices and policy non-renewal. Whatever your reason, choosing a new insurance company can be less work than you think.

Cheaper 2017 BMW 5 Series insurance is available on the web in addition to local insurance agencies, so you need to quote insurance with both in order to have the best chance of saving money. A few companies don’t offer rates over the internet and many times these regional insurance providers sell through independent insurance agents.

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Comments About 2017 BMW 5 Series Insurance

  1. Tuyet Hickman

    Cheap car insurance? What’s that? Located in Tampa, FL. I quoted with GMAC, AIG Insurance, Mercury, and a couple others for my 5 Series and saved just over $190 a year. Left Erie to switch. Still almost need a second mortgage.

  2. Maxine Pitts

    Is State Farm or Encompass cheap in Provo, UT?

  3. Cammy Wilcox

    I’m from Jacksonville, Florida. Got rates from Auto-Owners, Esurance, and Nationwide for my BMW and I’m now saving $22 a month. I even had a DUI years ago.

  4. Gilma Wiggins

    Thanks for putting this site together. I live in a small town just outside of Lincoln, NE. Quoted rates from AIG Insurance, Safeco, and Travelers for my 5 Series and I think I saved around $60 each month. Ask about discounts. Hardly afford to drive anymore.

  5. Sharan Heath

    Cheaper not always better. Got a quote with Progressive for my BMW and am saving around $170 a year.

  6. Helga Chavez

    I compared a lot of rate quotes for a 2017 BMW 5 Series in Omaha, NE. Ended up at right around $450 every six months with American Family.

  7. Jerrell Caldwell

    Anyone buy from Amica? I’m in Idaho Falls, Idaho.

  8. Tajuana Bird

    What does medical payments cover?

  9. Starla Kidd

    Lots of useful info here. I live in a small town just outside of Rutland, VT. Compared quite a few companies. Saved about $20 a month. GEICO was the best choice for me. Insured with The General before. :P

  10. Valarie Carson

    Cheaper not always better. I’m in the east part of Parkersburg, West Virginia. I got free rates from Progressive, Esurance, and Hartford for my 2017 BMW 5 Series and saved about $450 a year. Not sure if rates are cheaper online or not.

  11. Christal Mack

    When do I drop full coverage?

  12. Adrianne Hubbard

    I chose to switch to State Farm from AIG Insurance. I live in Missoula, MT. Left Western Auto Insurance to switch. Highly recommended.