View 2004 BMW 5 Series Insurance Quotes

I really doubt anyone gets a kick out of paying for car insurance, especially when they are aware that the cost is too high. Due to the increasing number of choices, it can be diffult for drivers to pick the lowest price insurance company.

You should make it a habit to take a look at other company’s rates on a regular basis because car insurance prices change quite often. If you had the best quotes for 5 Series insurance a couple years back you can probably find a better rate now. Forget all the misinformation about car insurance because I’m going to teach you one of the easiest ways to save on car insurance.

Finding affordable protection is easy if you know what you’re doing. If you have a current car insurance policy or are shopping for new coverage, you can use these techniques to find the best rates while maximizing coverage. Consumers just need to know the best way to get comparison rates online.

Insurance discounts help cut rates

Car insurance can cost a lot, but there could be available discounts that you may not even know about. A few discounts will be applied when you quote, but once in a while a discount must be asked for before you will receive the discount. If you do not double check each discount available, you could be saving more on your insurance.

  • Early Renewal Discounts – Some insurance companies reward drivers for renewing your policy prior to your current policy expiring. This can save 10% or more.
  • Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can qualify for discounts of 20% or more.
  • Senior Citizen Rates – Older drivers may be able to get a small decrease in premiums for 5 Series insurance.
  • Claim-Free Discount – Good drivers with no accidents pay much less when compared to bad drivers.
  • Pay Early and Save – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.

Keep in mind that some credits don’t apply to the overall cost of the policy. A few only apply to specific coverage prices like comp or med pay. Despite the appearance that adding up those discounts means a free policy, companies wouldn’t make money that way.

For a list of insurance companies that offer discounts, click here to view.

Shop insurance online

Reducing your 2004 BMW 5 Series insurance rates is surprisingly easy. Drivers just need to take the time comparing price quotes to find. This can be accomplished by using one of the methods below.

One of the simplest ways consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This quick form prevents you from having to do separate quote forms for each company. A single, simple form will get you price quotes from multiple companies.

A different way to compare prices is to manually visit each individual company website to complete their respective quote request forms. For sake of this example, let’s assume you want to get rates from Auto-Owners, Liberty Mutual and American Family. To get rate quotes you would need to take the time to go to each site and punch in your information repeatedly, which is not fast way to get rate quotes. For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but be sure to compare the exact same quote data with each company. If each company quotes unequal deductibles or liability limits it will be very difficult to truly determine the lowest rate.

Which is the best insurance coverage?

When buying proper insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions may help highlight if your insurance needs may require specific advice.

  • Should I get collision insurance on every vehicle?
  • Am I missing any policy discounts?
  • Do I pay less for low miles?
  • What is covered by UM/UIM coverage?
  • Is my babysitter covered when using my vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Is rental equipment covered for theft or damage?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Coverage specifics

Understanding the coverages of your car insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages found on most car insurance policies.

Collision – This coverage will pay to fix damage to your 5 Series from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sustaining damage from a pot hole, colliding with a tree and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 BMW 5 Series.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Auto liability insurance – Liability coverage can cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as emergency aid, bail bonds and attorney fees. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for bills for ambulance fees, dental work, chiropractic care and nursing services. They are often used to cover expenses not covered by your health insurance policy 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 is not an option in every state but can be used in place of medical payments coverage

Comprehensive auto coverage – This pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hitting a bird, fire damage, a tree branch falling on your vehicle and rock chips in glass. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

In Summary

When shopping online for car insurance, you should never skimp on coverage in order to save money. There are too many instances where drivers have reduced uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible at the best price, not the least amount of coverage.

Cheap 2004 BMW 5 Series insurance is definitely available online and from local insurance agents, and you need to price shop both to have the best rate selection. Some companies do not offer the ability to get quotes online and many times these small, regional companies only sell through independent agents.

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