Cheap 2012 BMW 5 Series Car Insurance Quotes

Want cheaper car insurance rates for your BMW 5 Series? No one in their right mind likes paying for car insurance, particularly when they are paying too much.

Numerous car insurance companies battle for your hard-earned dollar, so it can be very hard to choose a company and uncover the absolute lowest price

If you are paying for car insurance now, you will most likely be able to save some money using these methods. Buying car insurance is easy if you know what you’re doing. But car owners benefit from understanding how the larger insurance companies sell insurance online because it can help you find the best coverage.

Comprehensive Insurance Comparison

The are a couple different ways of comparing price quotes from insurance companies in your area. The recommended way to find the cheapest 2012 BMW 5 Series insurance rates is simply to get online rate quotes. It is quite easy and can be accomplished in a couple of different ways.

  1. The single most time-saving way consumers can make multiple comparisons is an all-inclusive rate comparison click here to open form in new window. This method eliminates the need for separate quote forms for each company you want a rate for. In just a few minutes this one form gets rate comparisons from all major companies.
  2. A slightly less efficient method to compare rate quotes consists of going to each company’s website to request a price quote. For example, let’s assume you want comparison quotes from USAA, Allstate and Geico. To get rate quotes you would need to go to every website to enter your coverage information, which is why the first method is quicker.

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

  3. The hardest method of comparing rate quotes is to spend your day driving to and from local insurance agencies. The internet can eliminate the need for a local agent unless you want the professional guidance that only a license agent can provide. However, consumers can comparison shop your insurance online and get advice from an agent in your area and we’ll cover that in a bit.

It’s your choice how you get your quotes, but double check that you are using exactly the same coverage limits and deductibles for every company. If you have unequal deductibles or liability limits it will be next to impossible to make an equal comparison. Slightly different coverages may cause a big price difference. And when comparison shopping, more quotes will enable you to find the best rates.

Save $489 a year? Really?

Insurance companies such as State Farm, Allstate and Geico consistently run ads in print and on television. They all seem to make an identical promise about savings if you change to their company. How does each company say the same thing? This is how they do it.

Insurance companies have a certain “appetite” for the right customer that is profitable for them. For example, a preferred risk could be a mature driver, owns a home, and chooses high deductibles. Any driver who fits that profile will get very good rates and most likely will save a lot of money.

Potential insureds who fall outside the “perfect” profile must pay higher rates which leads to business going elsewhere. Company advertisements say “people who switch” not “people who quote” save money. That’s why insurance companies can confidently claim big savings. This illustrates why you absolutely need to get as many quotes as possible. It’s impossible to know which company will fit your personal profile best.

Discounts mean cheaper 2012 BMW 5 Series insurance rates

Car insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so we researched both the well known and also the lesser-known insurance savings.

  • College Student – Youth drivers who are attending college and don’t have a car may be able to be covered for less.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.
  • Multiple Policy Discount – If you insure your home and vehicles with one company you may save at least 10% off all policies.
  • Discount for Good Grades – This discount can get you a discount of up to 25%. The good student discount can last until age 25.
  • Low Mileage – Low mileage vehicles could qualify for a substantially lower rate.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
  • Own a Home – Simply owning a home can save you money because owning a home demonstrates responsibility.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Senior Citizens – Mature drivers may receive reduced rates for 5 Series coverage.
  • Memberships – Belonging to a professional or civic organization may earn a discount on insurance for 5 Series coverage.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.

Insurance companies who might offer these discounts are:

Check with each insurance company which discounts they offer. Discounts may not be available everywhere.

Tailor your coverage to you

When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique so your insurance needs to address that. For example, these questions may help highlight whether you might need professional guidance.

  • Am I covered if I crash into my own garage door?
  • If my pet gets injured in an accident are they covered?
  • When do I need to add a new car to my policy?
  • Am I better off with higher deductibles on my 2012 BMW 5 Series?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Can I make deliveries for my home business?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Can my teen driver be rated on a liability-only vehicle?
  • What companies insure drivers after a DUI or DWI?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with 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.

Information about specific coverages

Knowing the specifics of a insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverages offered by insurance companies.

Collision coverage protection

Collision coverage covers damage to your 5 Series resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as hitting a parking meter, driving through your garage door, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for bills for things like surgery, dental work, rehabilitation expenses, X-ray expenses and chiropractic care. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage protects you from damage that occurs to other’s property or people. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things like repair bills for other people’s vehicles, bail bonds, attorney fees and loss of income. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, hitting a bird, a tree branch falling on your vehicle, damage from flooding and falling objects. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Summing up your car insurance search

Lower-priced 2012 BMW 5 Series insurance is possible from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies don’t offer online quoting and these small, regional companies work with independent agents.

We just showed you many ways to save on insurance. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. Consumers may even find the best prices are with some of the smallest insurance companies. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate, Geico and Progressive.

Much more information about car insurance can be read at these links: