BMW 5-Series Insurance Rates

Drivers have lots of options when finding cheaper insurance coverage on your BMW 5-Series. You can either contact an agent or go online to check prices from car insurance companies. Buying car insurance from online rate quotes can be fast and easy, plus you can save money.

If you're new to shopping for car insurance online, you may be overwhelmed by the hoards of companies offering insurance. Finding cheaper coverage prices doesn't have to be difficult. All you need to do is take the time getting comparison quotes provided by online insurance companies. This can be accomplished by completing this short form.

Rates are impacted by these factors

Car insurance premiums on a BMW 5-Series can fluctuate considerably depending on several factors. Including but not limited to:

• Higher performance 5-Series vehicles cost more
• Accidents raise premiums
• Multiple policies can save money
• Pleasure use vs. commuting use
• Add-on coverages such as rental reimbursement
• Your claim history
• Having current coverage saves
• Home ownership saves money

An additional factor that helps determine BMW 5-Series insurance cost is the year of the vehicle. New vehicles cost more than older models so the cost to replace them may result in higher rates. On the flip side, newer models may have safety features like active head restraints, an advanced theft deterrent system, dual-stage airbags, and sideview assist mirrors which may give discounted rates.

Liability insurance

This coverage protects you from damage or injury you incur to people or other property in an accident. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so you should buy as high a limit as you can afford.

Collision protection

Collision insurance pays for damage to your 5-Series resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in. Collision coverage for your BMW 5-Series can be pricey, so you might think about dropping it from older vehicles. It's also possible to raise the deductible to get cheaper BMW 5-Series insurance cost.

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low consider dropping full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage

Med pay and PIP coverage pay for immediate expenses such as EMT expenses, pain medications, and nursing services. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage.