2009 BMW 5 Series Car Insurance Rates – 7 Policy Discounts

Locating cheaper insurance for your BMW 5 Series can turn out to be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to shop for insurance so you’re going to learn the absolute fastest way to quote coverages for a new or used BMW and find the lowest price either online or from local insurance agents.

Consumers need to take a look at other company’s rates quite often because insurance rates are variable and change quite frequently. If you had the lowest rates on 5 Series coverage a year ago you may be paying too much now. You can find a lot of misleading information regarding insurance on the web, but I’m going to show you a bunch of ideas how to stop overpaying for insurance.

If you have a current car insurance policy or are shopping for new coverage, you will benefit by learning to shop for the lowest rates and still get good coverage. Shopping for more affordable car insurance can be fairly easy. Drivers just need to learn the best way to compare prices online.

Which Car Insurance is Cheapest?

Shopping for lower car insurance rates is a ton of work if you don’t know the fastest way to get free quotes. You can waste hours discussing policy coverages with agents in your area, or you can utilize the web to get rates in a matter of minutes.

Most of the larger companies participate in a marketplace where insurance shoppers submit their information once, and each participating company can give them a price based on that data. This system prevents you from having to do quote forms for each company.

To participate in this free quote system, click here to start a free quote.

The one disadvantage to comparing rates this way is that consumers can’t choose which companies to get quotes from. If you prefer to choose individual companies to compare, we put together a list of companies who write car insurance in your area. Click to view list.

It doesn’t matter which method you choose, just double check that you are using exactly the same coverage limits and deductibles for every quote you compare. If you are comparing different limits and deductibles on each one it’s not possible to truly determine the lowest rate.

Pay less for 2009 BMW 5 Series insurance

Auto insurance companies don’t always publicize all their discounts very clearly, so we researched some of the best known and also the lesser-known savings tricks you should be using. If you’re not getting every credit you deserve, you are throwing money away.

  • Senior Discount – If you’re over the age of 55, you may receive a small decrease in premiums on 5 Series coverage.
  • Discount for Life Insurance – Larger companies have a discount if you purchase auto and life insurance together.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on 5 Series coverage than drivers with accident claims.
  • Military Discounts – Being on active duty in the military can result in better rates.
  • Organization Discounts – Affiliation with certain professional organizations is a good way to get lower rates on your policy on 5 Series coverage.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Multiple Vehicles – Having multiple vehicles with the same company could earn a price break for each car.

Consumers should know that most of the big mark downs will not be given the the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, it just doesn’t work that way.

To see a list of providers who offer insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that may help highlight whether you might need an agent’s assistance.

  • Is rental equipment covered for theft or damage?
  • Is extra glass coverage worth it?
  • What is covered by UM/UIM coverage?
  • When should I drop full coverage on my 2009 BMW 5 Series?
  • Is my babysitter covered when using my vehicle?
  • Can my teen driver be rated on a liability-only vehicle?
  • How much underlying liability do I need for an umbrella policy?
  • Should I put collision coverage on all my vehicles?
  • Am I getting all the discounts available?
  • Do I need special endorsements for business use of my vehicle?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It’s fast, free and can provide invaluable advice.

Coverage specifics

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, falling objects and vandalism. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability – This can cover damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims like bail bonds, emergency aid, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Medical costs insurance – Coverage for medical payments and/or PIP pay for expenses such as doctor visits, rehabilitation expenses, hospital visits and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision – Collision insurance will pay to fix damage to your 5 Series caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sideswiping another vehicle, crashing into a ditch and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Don’t be a big spender

While you’re price shopping online, never buy less coverage just to save a little money. There are many occasions where consumers will sacrifice liability coverage limits and discovered at claim time that it was a big mistake. Your goal should be to get the best coverage possible for the lowest price, not the least amount of coverage.

Cost effective 2009 BMW 5 Series insurance can be bought online and with local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.

Insureds change insurance companies for a variety of reasons including policy cancellation, delays in paying claims, delays in responding to claim requests or even not issuing a premium refund. No matter why you want to switch, finding the right auto insurance provider is less work than it seems.

Additional auto insurance information is available below: