2015 BMW ActiveHybrid 5 Insurance Quotes in 2024 – 8 Ways to Save

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 28, 2024

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Trying to come up with a payment for high-priced car insurance can dry up your funds, especially in this economy. Performing a price comparison can be a smart way to tighten up your finances.

You have multiple car insurance companies to purchase coverage from, and although it’s a good thing to be able to choose, it makes it harder to compare rates and cut insurance costs.

It’s a good habit to compare prices yearly because prices are constantly changing. Just because you had the best rates for ActiveHybrid 5 insurance on your last policy you can probably find a better premium rate now. Forget all the misinformation about car insurance because you’re about to find out the proper way to reduce your cost while improving coverage.

The purpose of this post is to familiarize you with the best way to quote coverages and some tips to save money. If you are paying for car insurance now, you will be able to reduce your rates substantially using these methods. Nevertheless, car owners must learn the way companies price insurance differently and apply this information to your search.

Ways to get insurance quotes

To find inexpensive car insurance quotes, there are several ways to obtain and compare prices from many different insurance companies. One of the best ways to comparison shop consists of obtaining rate quotes online. This can be done by using one of the methods below.

If you’re in a hurry, the quickest way to compare a lot of rates at once is a comparison rater form. This type of form eliminates the need for repetitive form submissions for every prospective company. Completing one form compares rates from many national carriers.

A different way to find more affordable insurance is to take the time to go to the website for every company you want to compare and repeat the quote process. For sake of this example, let’s assume you want to compare rates from State Farm, Allstate and American Family. To get rate quotes you would need to take the time to go to each site to enter your coverage information, which is not fast way to get rate quotes.

The final method to price shop rates is physically going to all the different insurance agencies. The fact that you can get quotes online can eliminate the need for a local agent unless you’re the type of person who wants the professional abilities that can only be provided by a licensed insurance agent. Drivers can comparison shop your insurance online but purchase the actual policy in an agency.

It’s your choice how you get your quotes, but be sure to compare exactly the same coverage information for every company. If you use mixed coverages it’s not possible to make a fair comparison for your BMW ActiveHybrid 5. Just a small difference in coverages could throw off the whole comparison. And when comparison shopping, making a lot of price comparisons gives you a better chance of getting a better price.

Lower rates by qualifying for these eight discounts

Some insurance providers don’t always advertise all possible discounts very well, so we researched a few of the more common and also the more inconspicuous credits that you can use to lower your rates.

  • Drive Less and Save – Driving less could earn better auto insurance rates on cars that stay parked.
  • Federal Government Employee – Federal government employees could provide a small rate reduction for ActiveHybrid 5 insurance depending on your auto insurance provider.
  • Drivers Education – It’s a good idea to have your young drivers enroll in driver’s education in school.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Discount for Multiple Policies – When you combine your home and auto insurance and insure them with the same company you will save nearly 15% which can help you find affordable car insurance.
  • Theft Deterrent – Cars and trucks optioned with advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Own a Home and Save – Simply owning a home can save a few bucks because owning a home means you have a higher level of financial diligence.
  • First Accident Forgiveness – This one isn’t a discount, but companies like Progressive, State Farm and GEICO will turn a blind eye to one accident without getting socked with a rate hike as long as you don’t have any claims for a specific time period.

Don’t be shocked that some of the credits will not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears all those discounts means the company will pay you, companies wouldn’t make money that way.

A list of companies and their possible discounts are included below.

  • State Farm may offer discounts for driver’s education, defensive driving training, multiple policy, safe vehicle, student away at school, and passive restraint.
  • Esurance has savings for emergency road assistance, good student, good driver, multi-car, Pac-12 alumni, and paid-in-full.
  • Progressive offers discounts including online signing, continuous coverage, multi-vehicle, multi-policy, homeowner, and online quote discount.
  • Liberty Mutual policyholders can earn discounts including newly retired, new vehicle discount, newly married, teen driver discount, hybrid vehicle, and preferred payment discount.
  • Auto-Owners Insurance has discounts for anti-theft, teen driver, anti-lock brakes, multiple vehicles, mature driver, safe driver, and student away at school.
  • GEICO offers discounts for federal employee, multi-vehicle, good student, defensive driver, and military active duty.

When quoting, ask each company or agent what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in your area. To choose insurance companies with discount rates, enter your zip code here.

Insurance coverage is unique, just like you

When it comes to buying the best insurance coverage coverage, there really is no single plan that fits everyone. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • Should I bundle my homeowners policy with my auto?
  • Do all my vehicles need collision coverage?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I have any recourse if my insurance company denies a claim?
  • Am I missing any policy discounts?
  • Do I need replacement cost coverage?
  • Does my personal policy cover me when driving out-of-state?
  • When should I not file a claim?
  • Does my 2015 BMW ActiveHybrid 5 qualify for pleasure use?
  • Does coverage extend to my business vehicle?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out your zip code.

Car insurance coverages 101

Understanding the coverages of car insurance helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages available from car insurance companies.

Insurance for medical payments – Med pay and PIP coverage kick in for immediate expenses for pain medications, ambulance fees, hospital visits and X-ray expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hitting a deer, a broken windshield, fire damage and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Auto liability – Liability coverage will cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like funeral expenses, structural damage, pain and suffering, medical services and medical expenses. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Collision coverage – This coverage pays for damage to your ActiveHybrid 5 resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like hitting a mailbox, damaging your car on a curb, rolling your car, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW ActiveHybrid 5.

Because many people 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 a good idea. Most of the time the UM/UIM limits are set the same as your liability limits.

Make a quick buck

When searching for cheap car insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that it was a big mistake. Your objective should be to find the BEST coverage at a price you can afford while still protecting your assets.

We just covered a lot of ways to save on 2015 BMW ActiveHybrid 5 insurance. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable car insurance. Consumers may even find the biggest savings come from some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

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