2009 BMW 5 Series Car Insurance Quotes – 9 Tips to Save

Paying for high-priced BMW 5 Series insurance can bleed your accounts and make it tough to pay other bills. Comparing cost estimates is a great way to make ends meet.

People have multiple insurers to choose from, and although it’s a good thing to be able to choose, lots of choices makes it harder to get the best deal.

Do you qualify for discount auto insurance?

Companies that sell car insurance don’t necessarily list all available discounts in an easy-to-find place, so the below list has some of the best known as well as some of the hidden credits available to bring down your rates.

  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
  • Federal Government Employee – Federal government employees could cut as much as 10% off on 5 Series insurance depending on your auto insurance provider.
  • Defensive Driver Discount – Taking a safe driver course may get you a small discount if your company offers it.
  • Theft Deterent System – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Lower Rates for Military – Having a deployed family member could mean lower prices.
  • New Car Discount – Buying a new car instead of a used car is cheaper because new model year vehicles have to meet stringent safety requirements.
  • Low Mileage Discounts – Driving less may enable drivers to earn discounted prices on garaged vehicles.
  • Accident-Free Discounts – Insureds who avoid accidents and claims pay less in comparison with drivers with a long claim history.
  • Professional Memberships – Joining a civic or occupational organization is a good way to get lower rates on your next auto insurance statement.

Discounts save money, but please remember that most discount credits are not given to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, it doesn’t quite work that way. Any amount of discount should help reduce your overall premium however.

If you would like to see a list of companies with the best auto insurance discounts, click here to view.

Compare free auto insurance price quotes

Finding a lower price on 2009 BMW 5 Series insurance is not a difficult process. You just need to spend a few minutes to compare rate quotes from different insurance companies. This is very easy and can be done by following the guidelines below.

  • The recommended way to get quotes for comparison is to use a rate comparison form click here to open form in new window. This method prevents you from having to do a different quote for every prospective company. One quote request will return price quotes instantly.
  • A slightly less efficient method to obtain and compare quotes online is to take the time to go to each individual company website and repeat the quote process. For sake of this example, we’ll assume you need rates from GEICO, Progressive and State Farm. You would need to go to each individual site to enter your coverage information, which can get old fast. For a list of links to companies insuring cars in your area, click here.

The approach you take is up to you, just compare equivalent quote data for each price quote. If the quotes have different limits and deductibles on each one you can’t possibly make an equal comparison.

What insurance coverages do I need?

When it comes to buying the best car insurance coverage, there really is not a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions may help you determine if your insurance needs might need professional guidance.

  • Can I drive in Mexico and have coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Am I covered if I crash into my own garage door?
  • What exactly is covered by my policy?
  • Can I afford to buy a different vehicle if my 2009 BMW 5 Series is totaled?
  • Am I covered when using my vehicle for business?
  • Will filing a claim cost me more?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Auto insurance coverages

Learning about specific coverages of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages offered by insurance companies.

Comprehensive auto coverage

Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as hail damage, damage from a tornado or hurricane and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability coverages

This coverage provides protection from damage or injury you incur to people or other property. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, medical services, legal defense fees and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for bills for things like pain medications, surgery and nursing services. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance pays for damage to your 5 Series resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like hitting a parking meter, scraping a guard rail, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2009 BMW 5 Series.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Frequently these coverages are set the same as your liablity limits.

Pennies from heaven

You just read quite a bit of information on how to compare 2009 BMW 5 Series insurance prices online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. Consumers may even find the lowest prices are with some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas than their larger competitors like Allstate and Progressive.

The cheapest 2009 BMW 5 Series insurance can be found online in addition to many insurance agents, and you should compare rates from both to have the best selection. There are still a few companies who do not offer rates over the internet and usually these smaller providers provide coverage only through local independent agents.

Even more information is available in these articles: