1994 BMW 5 Series Insurance Quotes

I can’t think of a single person who enjoys paying for insurance, especially when the price is too high. Because you have many different company options, it is hard for the average consumer to pick the lowest price insurance company.

These discounts can lower your rates

Insuring your fleet can be pricey, but you may find discounts that many people don’t even know exist. Some trigger automatically when you purchase, but some must be asked for in order for you to get them. If you’re not getting every credit you deserve, you are paying more than you should be.

  • Clubs and Organizations – Belonging to a professional or civic organization may earn a discount when buying insurance coverage for 5 Series insurance.
  • Accident Free – Drivers with accident-free driving histories pay much less as compared to bad drivers.
  • Passive Restraint Discount – Factory air bags or automatic seat belts can get savings of up to 25% or more.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Low Mileage – Keeping the miles down on your BMW can earn a substantially lower rate.
  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Distant Student – Youth drivers living away from home attending college and don’t have a car can be insured at a reduced rate.

Drivers should understand that most discounts do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you could get a free insurance coverage policy, it doesn’t quite work that way. Any qualifying discounts will cut your premiums.

Car insurance companies that may have these discounts are:

Check with all companies you are considering which discounts you may be entitled to. All car insurance discounts might not be offered in your area.

The best way we recommend to get policy rate comparisons is to realize most of the larger companies provide online access to give you rate quotes. The one thing you need to do is take a few minutes to give details like driver details, whether or not you need a SR-22, daily mileage, and whether you are married. The data gets transmitted to multiple auto insurance providers and they return quotes immediately.

Different people need different coverages

When it comes to buying coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that These are some specific questions might help in determining whether or not you might need an agent’s assistance.

  • Am I covered if I wreck a rental car?
  • What is UM/UIM insurance?
  • Is my 1994 BMW 5 Series covered for smoke damage?
  • Does coverage extend to Mexico or Canada?
  • What are the best liability limits?
  • Is business equipment covered while in my vehicle?
  • Does my 1994 BMW 5 Series qualify for pleasure use?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.

The coverage is in the details

Knowing the specifics of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for bills for rehabilitation expenses, dental work, hospital visits, doctor visits and funeral costs. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Liability insurance – Liability coverage can cover damage that occurs to other people or property that is your fault. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for things like attorney fees, funeral expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, hail damage, hitting a bird, theft and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverages – Collision insurance covers damage to your 5 Series resulting from a collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, crashing into a ditch, damaging your car on a curb and driving through your garage door. 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.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your BMW 5 Series.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Save your cold hard cash

Affordable 1994 BMW 5 Series insurance is attainable both online and also from your neighborhood agents, and you need to price shop both to have the best selection. A few companies may not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, you should never skimp on coverage in order to save money. In many instances, someone dropped collision coverage only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at the best price.

Other information