2014 BMW ActiveHybrid 5 Car Insurance Quotes

Searching for cheaper auto insurance rates for your BMW ActiveHybrid 5? If you’re new to shopping for auto insurance online, you may be overwhelmed due to the large number of companies vying for business.

The quickest way to compare car insurance company rates utilizes the fact most of the bigger providers participate in online systems to give free rates quotes. To start a quote, the only thing you need to do is give them some information such as what you do for a living, your education level, level of coverage desired, and if you lease or own. That rating data is sent automatically to insurance carriers in your area and you should receive rate quotes quickly.

To find the cheapest 2014 BMW ActiveHybrid 5 insurance rates, click here and complete the quick form.

Discounts on 2014 BMW ActiveHybrid 5 insurance

Insurance can cost an arm and a leg, but there are discounts available to help offset the cost. Some discounts apply automatically at the time of quoting, but some may not be applied and must be specially asked for in order for you to get them.

  • Life Insurance Discount – Companies who offer life insurance give better rates if you take out auto and life insurance together.
  • Good Student – Performing well in school can earn a discount of 20% or more. The good student discount can last up to age 25.
  • One Accident Forgiven – A handful of insurance companies will allow you to have one accident without raising rates if your claims history is clear prior to the accident.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you could get a discount of approximately 10% to 15%.
  • Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
  • Paperless Signup – Some insurance companies may give you up to $50 just for signing your application digitally online.

A little note about advertised discounts, some credits don’t apply the the whole policy. Most only cut the cost of specific coverages such as liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any qualifying discounts will help reduce the amount you have to pay.

Insurance companies that may have these discounts may include but are not limited to:

Before buying, ask every prospective company which discounts you may be entitled to. Savings might not be offered everywhere.

Tailor your coverage to you

When it comes to buying the best insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different.

These are some specific questions might help in determining whether or not you might need professional guidance.

  • Do I need an umbrella policy?
  • Am I missing any policy discounts?
  • How do I insure my teen driver?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What vehicles should carry emergency assistance coverage?
  • What is UM/UIM insurance?
  • Is my custom paint covered by insurance?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Educate yourself about auto insurance coverages

Having a good grasp of your auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.

Medical expense insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills for dental work, nursing services, funeral costs and prosthetic devices. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your BMW ActiveHybrid 5.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Collision insurance

Collision coverage will pay to fix damage to your ActiveHybrid 5 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Liability

This coverage protects you from injuries or damage you cause to a person or their property by causing an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as repair costs for stationary objects, emergency aid, funeral expenses and attorney fees. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Comprehensive (Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like a broken windshield, a tree branch falling on your vehicle, hail damage, vandalism and falling objects. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.