Cheaper 2013 BMW 5 Series Gran Turismo Insurance Rates

Want lower insurance coverage rates? Drivers have lots of choices when trying to find the lowest priced BMW 5 Series Gran Turismo insurance. You can either waste hours calling around to get rate comparisons or save time using the internet to find the lowest rates. There is a better way to find insurance coverage online and you need to know the proper way to compare rates for your BMW and locate the cheapest rates from local insurance agents and online providers.

It’s important to get comparison quotes every six months because insurance prices go up and down regularly. Just because you found the best rates on 5 Series Gran Turismo coverage two years ago you may be paying too much now. You can find a lot of wrong information about insurance coverage online, but in this article, you’re going to get some good information on how to lower your insurance coverage premiums.

If you have insurance now or need new coverage, you can learn to get lower rates while maintaining coverages. This information will tell you the best way to quote coverages. Consumers just need to know the most effective way to get comparison rates online.

Compare quotes for insurance

Most of the larger companies provide price estimates on their websites. Comparing rates online is very simple because you just enter your coverage preferences into a form. After you complete the form, their quoting system makes automated requests for your credit score and driving record and generates pricing information.

Quoting online simplifies rate comparisons, but the process of having to visit a lot of sites and type in your information can be a bit tiresome and repetitive. But it’s very important to do this if you want to get lower prices.

A more efficient way to locate the lowest prices requires only one form to obtain quotes from several companies at one time. This type of form saves time, requires less work, and makes quoting online much more enjoyable. As soon as the form is sent, it is rated and you can select your choice of the resulting price quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The whole process takes just a few minutes to complete and may save quite a bit of money.

To find out if lower rates are available, click here to open in a new tab and begin entering your coverage information. If you have your current policy handy, we recommend you complete the form with the coverage information identical to your current policy. This helps ensure you will receive rate quotes using the same coverage and limits.

Lower-cost insurance rates with discounts

Insurance is not an enjoyable expense, but you can get discounts that can help lower your rates. Some of these disounts will be visible when you quote, but some must be specially asked for in order for you to get them.

  • Multi-policy Discount – When you combine your homeowners and auto insurance and place coverage with the same company you could get a discount of 10% to 20% off each policy.
  • Driver’s Ed – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.
  • E-sign – Some of the larger companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Discounts for Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on 5 Series Gran Turismo coverage with select insurance companies.
  • Defensive Driver Discount – Passing a class that teaches defensive driver techniques may get you a small discount depending on where you live.
  • Pay Early and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most only cut individual premiums such as comprehensive or collision. Just because it seems like you could get a free insurance policy, you’re out of luck.

Popular insurance companies and their offered discounts can be read below.

  • American Family discounts include good driver, accident-free, early bird, mySafetyValet, TimeAway discount, multi-vehicle, and air bags.
  • Nationwide has discounts for multi-policy, Farm Bureau membership, defensive driving, anti-theft, easy pay, and family plan.
  • MetLife offers premium reductions for multi-policy, good driver, claim-free, defensive driver, and good student.
  • 21st Century offers discounts including theft prevention, homeowners, automatic seat belts, good student, and anti-lock brakes.
  • Farmers Insurance has savings for teen driver, pay in full, alternative fuel, early shopping, and business and professional.
  • Allstate includes discounts for premier plus, anti-lock brakes, senior citizen, auto/life discount, teenSMART discount, and good student.

When quoting, ask each insurance company which discounts they offer. Discounts might not be offered on policies in every state.

What determines BMW 5 Series Gran Turismo insurance rates?

An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating the price you pay for insurance. When consumers understand what determines base rates, this empowers consumers to make smart changes that could help you find lower insurance prices. Lots of factors are part of the calculation when you get a price on insurance. Some are obvious such as traffic violations, but other factors are less apparent such as your marital status or your commute time.

The factors shown below are just a few of the factors used by companies to determine your rate level.

  • Discounts for auto and home policies – Some insurance companies will award a discount to buyers that have more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten or even fifteen percent. Even with this discount applied, consumers should still compare rates to ensure the best deal. Consumers may save even more than the discount by splitting coverages up.
  • Adjust coverage deductibles and save – Comprehensive and collision coverage deductibles are how much you are willing to pay before a claim is paid by your company. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims could be a windshield broken by a bird, collision with a deer, and having a roll-over accident. The more of the claim you have to pay, the less your insurance will be on 5 Series Gran Turismo coverage.
  • Where you reside – Residing in less populated areas may provide you with better prices if you are looking for the lowest rates. People who live in big cities have to deal with congested traffic and much longer commute distances. Fewer drivers means less chance of accidents in addition to fewer liability claims.
  • Safety ratings are a factor – Safer cars are cheaper to insure. The safest vehicles protect occupants better and fewer injuries means your insurance company pays less and thus lower rates. If your BMW scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Liability coverage – Liability insurance is the coverage that protects you if you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Is auto insurance cheaper for women or men? – Over time, data shows women tend to be less risk to insure than men. Now that doesn’t mean males are worse at driving than females. Females and males tend to get into at-fault accidents at a similar rate, but the male of the species cause more damage. In addition to higher claims, males also get more serious tickets like driving under the influence (DUI).
  • Commute or pleasure use – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Most companies calculate prices determined by how the vehicle is used. Cars and trucks that are left in the garage get more affordable rates than cars that get driven a lot. Improper usage on your 5 Series Gran Turismo can result in significantly higher rates. Ask your agent if your vehicle rating shows the correct driver usage.
  • Expect high rates for teens – More experienced drivers are proven to be safer behind the wheel, cost insurance companies less in claims .Teenage drivers tend to be more careless in a vehicle therefore insurance rates are much higher.

Tailor your car insurance coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine whether you would benefit from an agent’s advice.

  • What are the best liability limits?
  • Should I waive the damage coverage when renting a car?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered when pulling a rental trailer?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I wreck a rental car?
  • How high should deductibles be on a 2013 BMW 5 Series Gran Turismo?
  • Why does it cost so much to insure a teen driver?
  • What is covered by UM/UIM coverage?
  • What is an SR-22 filing?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Ads can be misleading

Consumers can’t ignore all the ads that promise big savings for switching from companies such as Progressive, Allstate and GEICO. They all seem to convey the message of big savings if you just switch your coverage to them.

How is it plausible that every one can have lower policy pricing? This is the trick they use.

All the different companies give the cheapest rates for the type of customer that makes them money. An example of a preferred risk might be over the age of 45, has no tickets, and has a short commute. A customer who matches that profile will most likely get cheap car insurance rates and will probably save a lot of money.

Potential insureds who do not match this stringent profile will be charged more expensive rates which usually ends up with the prospect going elsewhere. The wording the ads use say “customers that switch” not “everyone that quotes” save money. This is how insurance companies can lure you into getting a quote. This emphasizes why you absolutely need to compare price quotes frequently. Because you never know which insurance company will fit you best based on your risk profile.

Insurance coverage options for a 2013 BMW 5 Series Gran Turismo

Having a good grasp of insurance can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like pain medications, dental work and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision protection

This covers damage to your 5 Series Gran Turismo resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as scraping a guard rail, driving through your garage door, hitting a mailbox, hitting a parking meter and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as vandalism, hail damage, theft and damage from flooding. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2013 BMW 5 Series Gran Turismo.

Due to the fact that many drivers only purchase the least amount of liability that is required, 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.

Coverage for liability

Liability insurance can cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for claims like repair costs for stationary objects, medical services, repair bills for other people’s vehicles, court costs and bail bonds. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Shop. Compare. Save.

We just presented a lot of information how to get a better price on 2013 BMW 5 Series Gran Turismo insurance. The key concept to understand is the more companies you get car insurance rates for, the higher your chance of finding low cost car insurance. You may be surprised to find that the lowest rates are with the least-expected company.

Cheap 2013 BMW 5 Series Gran Turismo insurance is possible on the web as well as from insurance agents, so you need to shop car insurance with both so you have a total pricing picture. There are still a few companies who do not offer the ability to get a quote online and many times these smaller companies prefer to sell through independent agents.

Consumers change insurance companies for a variety of reasons including extreme rates for teen drivers, poor customer service, high prices and even delays in responding to claim requests. It doesn’t matter why you want to switch choosing a new company can be easy and end up saving you some money.

For more information, link through to the following helpful articles: