Compare 2014 BMW 5 Series Gran Turismo Insurance Quotes

Want the cheapest auto insurance rates for your BMW 5 Series Gran Turismo? Sick and tired of trying to scrape together enough money to insure your BMW every month? You are no different than millions of other vehicle owners.

Online insurance companies like GEICO, Progressive and Allstate constantly bombard you with ad campaigns and it is challenging if not impossible to separate fact from fiction and effectively compare rates to find the best deal.

It is always a good idea to do rate comparisons yearly because prices are usually higher with each renewal. Even if you think you had the lowest rates on 5 Series Gran Turismo coverage two years ago you may be paying too much now. Ignore everything you know about auto insurance because you’re about to learn how to use the internet to lower your rates without sacrificing coverage.

How to buy insurance coverage online

To find inexpensive insurance coverage quotes, there are several ways to compare prices from many different insurance companies. By far the easiest way to find the lowest BMW 5 Series Gran Turismo rates is to use the internet to compare rates. This is quite simple and can be completed in a couple of different ways.

The simplest way to get quotes for comparison is to use a rate comparison form click to view form in new window. This method eliminates the need for separate forms for each company you want a rate for. In just a few minutes this one form gets coverage cost estimates from multiple companies.

A more difficult way to get comparison quotes is going to the website of each company and request a quote. For instance, we’ll assume you want rates from Auto-Owners, Farmers and Allstate. You would have to spend time going to each site individually and repeatedly enter your information, which is why the first method is quicker.

To view a list of companies in your area, click here.

The least efficient way to do your price quoting is to drive around to insurance agencies in your area. Comparing online rate quotes eliminates the middleman unless you prefer the professional abilities of a local agent. If you prefer, some companies allow you to price shop your coverage online and still use a local agent.

You can use whichever method you prefer to find lower rates, just make sure you compare equivalent quote information on every quote you get. If you enter different liability limits it will be impossible to decipher which rate is best. Slightly different limits could skew the results. And when price shopping your coverage, making a lot of price comparisons will improve the odds of getting a lower rate than you’re paying now. Some smaller insurers to not give rate quotes online, so it’s important to compare prices from them, too.

Don’t assume everyone needs the same auto insurance coverage

When choosing the best auto insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if your situation will benefit from professional help.

  • What is PIP insurance?
  • What can I do if my company won’t pay a claim?
  • Am I covered if I wreck a rental car?
  • Does my personal policy cover me when driving out-of-state?
  • What exactly is covered by my policy?
  • Is motorclub coverage worth it?
  • When would I need rental car insurance?
  • Does my insurance cover a custom paint job?
  • Is my nanny covered when driving my vehicle?

If it’s difficult to answer those questions, 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.

Insurance coverage breakdown

Knowing the specifics of insurance can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the normal coverages found on most insurance policies.

Liability car insurance

Liability insurance can cover injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like repair costs for stationary objects, medical services, funeral expenses, legal defense fees and court costs. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Collision coverage protection

Collision coverage pays for damage to your 5 Series Gran Turismo caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as backing into a parked car, colliding with a tree, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive auto coverage

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

Comprehensive coverage protects against things like hitting a deer, rock chips in glass and fire damage. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2014 BMW 5 Series Gran Turismo.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for short-term medical expenses for hospital visits, rehabilitation expenses, X-ray expenses and prosthetic devices. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible