Save on 2017 BMW 5 Series Insurance Cost

Pretty sure you bought an expensive auto insurance policy? You’re preaching to the choir because you are not the only one feeling buyer’s remorse.

Numerous insurance companies battle for your hard-earned dollar, so it’s not easy to compare every insurance company and uncover the absolute best price available.

If you are paying for car insurance now, you will be able to save some money using this strategy. Finding the best rates is quite easy. But drivers can benefit by having an understanding of the way insurance companies sell online because it can help you find the best coverage.

Take advantage of these money-saving discounts

Some providers don’t always list the complete list of policy discounts very well, so we break down a few of the more common as well as some of the hidden discounts that you may qualify for.

  • Payment Method – If you pay your bill all at once instead of paying each month you can actually save on your bill.
  • Distant Student – Children living away from home attending college and do not take a car to college can receive lower rates.
  • Military Rewards – Being deployed in the military can result in better rates.
  • Multiple Cars – Buying coverage for primary and secondary vehicles on the same car insurance policy can get a discount for every vehicle.
  • Telematics Data – Drivers that enable their company to study their driving habits remotely like In-Drive from State Farm and Progressive’s Snapshot may see discounts if they show good driving skills.

As a sidenote, some credits don’t apply to all coverage premiums. A few only apply to the cost of specific coverages such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, it’s just not the way it works.

Insurance companies that may include these money-saving discounts are:

Check with every prospective company which discounts you qualify for. Some credits may not apply in your area.

First Step: Get free insurance quotes

The are a couple different ways to get quotes from different insurance companies. By far the easiest way to find competitive 2017 BMW 5 Series insurance rates is to use the internet to compare rates. It is quite easy and can be accomplished using a couple different methods.

  • The single most time-saving way to find low rates is an all-inclusive rate comparison like this one (opens in new window). This type of form prevents you from having to do repetitive form entry for each company you want a rate for. One simple form will get you price quotes instantly.
  • A different way to get comparison quotes requires a visit to the website for each individual company and repeat the quote process. For sake of this example, we’ll pretend you want to compare prices for GEICO, Esurance and Allstate. To get rate quotes you would need to take the time to go to each site and enter your policy data, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

Take whichever approach you prefer, but be sure to compare the exact same quote information for every company. If you compare mixed coverages you will not be able to determine which rate is truly the best. Quoting even small variations in insurance coverages may result in large price differences. Just remember that making a lot of price comparisons increases your odds of finding the best rates. Some regional insurers cannot provide online price quotes, so it’s important to compare price estimates on coverage from those companies, too.

Do I need special coverages?

When choosing adequate coverage, there really is no best way to insure your cars. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs would benefit from an agent’s advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • What companies insure drivers after a DUI or DWI?
  • How high should deductibles be on a 2017 BMW 5 Series?
  • Is upholstery damage covered by car insurance?
  • What is no-fault insurance?
  • Is my nanny covered when driving my vehicle?
  • What is the difference between comprehensive and collision coverage?
  • When should my teen driver be added to my policy?
  • Why does it cost so much to insure a teen driver?
  • Do I have any recourse if my insurance company denies a claim?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Auto insurance coverages

Knowing the specifics of insurance can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your BMW 5 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability car insurance – This coverage will cover damage that occurs to people or other property in an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see 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.

Liability coverage protects against claims such as funeral expenses, repair costs for stationary objects, medical services, attorney fees and emergency aid. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for immediate expenses like rehabilitation expenses, surgery and chiropractic care. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, rock chips in glass and damage from getting keyed. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like crashing into a building, crashing into a ditch, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Get your money’s worth

Some companies do not offer online quoting and most of the time these smaller companies sell through local independent agents. The cheapest 2017 BMW 5 Series insurance can be purchased on the web in addition to many insurance agents, so you need to compare both to get a complete price analysis.

As you restructure your insurance plan, never sacrifice coverage to reduce premiums. Too many times, an insured cut comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.

We’ve covered some good ideas how to compare 2017 BMW 5 Series insurance auto insurance rates online. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest auto insurance rates are with the least-expected company. Smaller companies often have lower premium rates on specific markets as compared to the big name companies such as Progressive and GEICO.

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