Compare 2015 BMW 5 Series Gran Turismo Insurance Quotes

Looking for lower insurance rates for your BMW 5 Series Gran Turismo? Do you think you bought an expensive insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

There is such a variety of car insurance companies to insure vehicles with, and though it is a good thing to have a selection, it can be more difficult to find the lowest rates.

Discounts to earn affordable insurance coverage rates

Auto insurance companies don’t necessarily list all possible discounts very well, so here is a list a few of the more well known and the harder-to-find ways to save on insurance coverage.

• E-sign Discounts – A few larger online companies may give you up to $50 just for signing your application digitally online.
• Senior Citizen Discount – If you qualify as a senior citizen, you may qualify for a small decrease in premiums for 5 Series Gran Turismo coverage.
• Low Mileage – Keeping the miles down on your BMW could earn cheaper insurance coveragerates.
• Driver Training Discounts – Passing a defensive driver course could possibly earn you a 5% discount and easily pay for the cost of the class.
• Clubs and Organizations – Affiliation with specific professional or occupational memberships or organizations could trigger savings on insurance coverage.
• Distant Student Discount – Youth drivers who are attending college and leave their car at home may be able to be covered for less.
• Save with a New Car – Buying insurance coverage coverage on a new vehicle can cost up to 25% less because new model year vehicles are generally safer.
• Discount for Life Insurance – Larger insurance coverage companies have better prices if you take out some life insurance too.
• Safety Restraint Discount – Forcing all vehicle occupants to buckle up before driving can save up to 15% on the medical payments or PIP coverage costs.
• Driving Data Discount – Insureds that choose to allow their company to track their driving habits by using a telematic data system such as State Farm’s In-Drive might get better premium rates if they show good driving skills.

A quick disclaimer, most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, it doesn’t quite work that way. But any discount will positively reduce the cost of your policy.

Larger insurance coverage companies and their possible discounts are shown below.

• State Farm offers discounts for passive restraint, good student, Steer Clear safe driver discount, good driver, and safe vehicle.
• Progressive policyholders can earn discounts including good student, homeowner, multi-policy, online quote discount, multi-vehicle, and continuous coverage.
• Progressive may include discounts for good student, multi-policy, online quote discount, online signing, continuous coverage, homeowner, and multi-vehicle.
• MetLife offers premium reductions for good driver, defensive driver, accident-free, claim-free, and good student.
• Farm Bureau has savings for renewal discount, multi-vehicle, safe driver, youthful driver, good student, and driver training.
• Geico may offer discounts for five-year accident-free, air bags, membership and employees, anti-lock brakes, and multi-vehicle.
• SAFECO may have discounts that include homeowner, teen safe driver, teen safety rewards, safe driver, and anti-lock brakes.

If you need low cost auto insurance quotes, ask every company the best way to save money. Some of the discounts discussed earlier might not apply everywhere.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether you could use an agent’s help.

• What can I do if my company denied a claim?
• When can my company non-renew my policy?
• Do I need roadside assistance coverage?
• Can my teen drive my company car?
• How can I get high-risk coverage after a DUI?
• At what point should I drop full coverage?
• Do I have newly-aquired coverage?
• Can I still get insurance after a DUI?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Car insurance coverage basics

Understanding the coverages of car insurance can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverages found on most car insurance policies.

Collision protection

This coverage covers damage to your 5 Series Gran Turismo resulting from a collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a building, rolling your car, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your 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 should not be overlooked. Normally these limits are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hitting a bird, damage from a tornado or hurricane and fire damage. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability auto insurance

This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair bills for other people’s vehicles, repair costs for stationary objects and medical services. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical expense insurance

Med pay and PIP coverage kick in for short-term medical expenses for funeral costs, nursing services, dental work, pain medications and EMT expenses. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Don’t throw your cash in the trash

You just learned many ways to shop for 2015 BMW 5 Series Gran Turismo insurance online. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding cheaper auto insurance. Consumers may even find the best price on car insurance is with a small local company. They may only write in your state and offer lower premium rates compared to the large companies like State Farm, Geico and Nationwide.

When you buy auto insurance online, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at the best possible price, not the least amount of coverage.

More information is available at these links:

• Teen Driver Statistics (Insurance Information Insitute)
• Understanding Limits and Deductibles (Allstate)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• What is Gap Insurance? (Insurance Information Insitute)