Save on 1999 BMW 5 Series Insurance Quotes

Want the cheapest insurance rates? Drivers have a choice when trying to find the best price on BMW 5 Series insurance. They can either spend hours calling around getting price quotes or use the internet to get rate quotes. There are more efficient ways to buy insurance and you need to know the proper way to price shop coverage for a BMW and find the lowest price from both online companies and local agents.

The quickest method we recommend to compare policy rates takes advantage of the fact most of the bigger providers allow for online access to quote your coverage. To start a quote, the only thing you need to do is provide a little information such as if it has an anti-theft system, driver ages, if you require a SR-22, and whether the vehicles are used for commuting. Your details is then sent to many highly-rated insurers and they return quotes with very little delay.

To start a rate quote now, click here and find out if lower rates are available.

Beware of misleading insurance coverage ads

Consumers can’t get away from ads that claim the lowest rates by State Farm, GEICO and Progressive. They all make the point that people will save just by moving your policy.

How is it possible that every company can cost less than your current company? Here is the trick they use.

Different companies have a preferred profile for the right customer that will be a good risk. One example of a desirable insured may need to be married and over the age of 30, has no driving citations, and drives less than 7,500 miles a year. Anyone that fits those parameters will get the preferred prices and will most likely save when they switch companies.

Consumers who cannot meet this ideal profile will be charged higher premium rates which translates to the prospect going elsewhere. If you listen to the ad wording, they say “people who switch” but not “all drivers who get quotes” save money. That’s the way companies can make the claims of big savings. This emphasizes why you should do a rate comparison at every renewal. You cannot predict the company that will give you the biggest savings.

Why informed consumers pay less for BMW 5 Series insurance

Many factors are part of the calculation when pricing auto insurance. Some factors are common sense such as your driving history, although others are less obvious like your continuous coverage or how financially stable you are.When buying insurance coverage it’s important to understand some of the things that help determine your policy premiums. If you have some idea of what determines base rates, this allows you to make educated decisions that can help you get better insurance coverage rates.

The itemized list below are just a few of the factors companies use to determine premiums.

  • Drive less and save – The more you drive your BMW in a year the more it will cost to insure it. Most insurance companies charge to insure your cars based on their usage. Autos that do not get driven very much receive better premium rates than cars that get driven a lot. Having the wrong rating on your 5 Series may be wasting your money. It’s a good idea to make sure your insurance coverage declarations sheet shows the correct usage.
  • Women tend to take less risk – Statistics demonstrate that females tend to be a little less risky than males. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men cause auto accidents in similar percentages, but the males tend to have higher claims. Not only are claims higher, but men receive more major tickets like reckless driving and DUI. Male teenagers are several times more likely to be in an accident and thus pay the highest rates.
  • A good credit score can save money – Having a good credit score can be a huge factor in calculating your insurance coverage rates. Insureds with excellent credit tend to be more responsible and file fewer claims than drivers with lower ratings. Therefore, if your credit score can be improved, you could pay less to insure your 1999 BMW 5 Series by taking the time to improve your credit score.
  • Car insurance liability insurance limits – Liability coverage is the protection if ever you are ruled to be at fault for damages from an accident. Liability insurance provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Deter car thieves – Buying a car that has an advanced theft prevention system can get you a discount on your insurance coverage. Systems that thwart theives such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop auto theft.
  • Cars with good safety ratings save money – Cars with high safety ratings get lower rates. Safer cars reduce injuries and fewer injuries means your insurance company pays less and more competitive rates for policyholders. If your BMW has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Your address can affect price – Living in areas with lower population may provide you with better prices if you are looking for the lowest rates. People who live in big cities have to deal with more auto accidents and longer commutes to work. Fewer drivers on the road translates into fewer accidents.

Affordable auto insurance rates with discounts

Auto insurance is not inexpensive, but you might find some hidden discounts that could drop your premiums quite a bit. Certain credits will be shown when you purchase, but some may not be applied and must be inquired about before they will apply.

  • Professional Memberships – Participating in qualifying employment or professional organizations could trigger savings on your bill.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 25 to 30%.
  • Distant College Student Discount – Older children who live away from home at college and don’t have a car may be insured at a cheaper rate.
  • Drive Safe and Save – Insureds who avoid accidents may receive a discount up to 45% on 5 Series coverage than less cautious drivers.
  • Accident Waiver – Not necessarily a discount, but certain companies will turn a blind eye to one accident without raising rates so long as you are claim-free prior to the accident.
  • Fewer Miles Equal More Savings – Low mileage vehicles can earn lower auto insurancerates on the low mileage vehicles.
  • Bundle and Save – When you combine your auto and homeowners insurance and place coverage with the same company they may give you a discount of approximately 10% to 15%.
  • Renewal Discounts – A few auto insurance companies offer discounts for switching policies before your current expiration date. It’s a savings of about 10%.

We need to note that some of the credits will not apply to all coverage premiums. A few only apply to specific coverage prices like comp or med pay. So when it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

For a list of auto insurance companies that have a full spectrum of discounts, click here to view.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different.

For example, these questions could help you determine whether your personal situation might need professional guidance.

  • Should I sign the liability waiver when renting a car?
  • How can I get my company to pay me more for my totalled car?
  • Will I lose any money if I cancel my policy before it expires?
  • Should I buy full coverage?
  • Do I have coverage if my license is suspended?
  • Am I better off with higher deductibles on my 1999 BMW 5 Series?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and can help protect your family.

Coverages available on your insurance policy

Knowing the specifics of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Protection from uninsured/underinsured drivers

This coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as colliding with a tree, hitting a parking meter, rolling your car and sideswiping another vehicle. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Liability car insurance

Liability coverage protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

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. As an example, you may have values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against things like loss of income, legal defense fees and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, damage from flooding, fire damage and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Medical expense insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses for chiropractic care, dental work and hospital visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

In the end, you save

Budget-friendly insurance coverage is available online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies don’t offer online rate quotes and many times these small insurance companies only sell coverage through independent agents.

As you shop your coverage around, do not buy poor coverage just to save money. There have been many situations where someone sacrificed full coverage only to discover later they didn’t have enough coverage. Your goal should be to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

Insureds leave their current company for many reasons like an unsatisfactory settlement offer, policy cancellation, high rates after DUI convictions or even not issuing a premium refund. No matter why you want to switch, finding a new company is less work than it seems.

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