1997 BMW 5 Series Car Insurance Cost – 5 Policy Discounts

Buyers have options when searching for the lowest priced BMW 5 Series insurance. They can either waste time driving around to get rate comparisons or leverage the internet to find the lowest rates. There are more efficient ways to compare insurance coverage rates so we’re going to tell you the absolute fastest way to get price quotes for your BMW and get the best price possible from both online companies and local agents.

You should take the time to check insurance coverage prices periodically because prices are rarely the same from one policy term to another. Even if you think you had the best price for 5 Series insurance a year ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance coverage because we’re going to demonstrate the tricks you need to know to buy cheaper insurance coverage.

If you have a policy now or are looking for a new policy, you can use this information to reduce the price you pay while maintaining coverages. This information will tell you how to get online quotes and some tricks to saving. Consumers just need to know the proper methods to compare rates on the web.

How to Compare Auto Insurance Quotes

There are multiple methods to compare 1997 BMW 5 Series auto insurance quotes, and some are easier and takes less work. You can waste hours talking about coverages with insurance agencies in your area, or you could save time and use the web to get pricing more quickly.

Many popular insurance companies take part in a program where insurance shoppers submit one quote, and each participating company returns a competitive quote for coverage. This saves time by eliminating repetitive form submissions for each company.

To submit your quote information now, click here to start a free quote.

The single downside to doing it this way is buyers cannot specifically choose which companies you want pricing from. So if you want to select specific providers to receive pricing from, we have assembled a list of companies who write auto insurance in your area. Click to view list.

Which method you use is up to you, but compare the exact same coverage limits on every quote. If your comparisons have different values for each quote you can’t possibly determine the best price for your BMW 5 Series.

Cut prices on BMW 5 Series insurance

Companies don’t always list every available discount in an easy-to-find place, so here is a list some of the best known and the more hidden discounts you could be receiving. If they aren’t giving you every credit available, you are paying more than you should be.

  • Bundle and Save – If you have multiple policies with the same insurance company you will save up to 20% off your total premium.
  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Auto/Life Discount – Larger companies have lower rates if you buy life insurance from them.
  • Good Student – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like comprehensive or collision. Just because you may think you could get a free insurance coverage policy, you won’t be that lucky.

For a list of insurers with discount insurance coverage rates, follow this link.

Tailor your coverage to you

When it comes to buying coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions might point out whether you might need an agent’s assistance.

  • If my 1997 BMW 5 Series is totaled, can I afford another vehicle?
  • Can I get a multi-policy discount?
  • What should my uninsured motorist coverage limits be in my state?
  • Should I buy additional glass protection?
  • Should I have combined single limit or split liability limits?
  • Can I afford low physical damage deductibles?
  • Should I drop comprehensive coverage on older vehicles?
  • What companies insure drivers after a DUI or DWI?
  • What is the ISO rating for a 1997 BMW 5 Series?
  • I don’t drive much so do I pay less?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Insurance coverages and their meanings

Having a good grasp of a insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as damage from getting keyed, hitting a bird, hail damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages – This coverage can cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t 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. As an example, you may have values of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers claims like emergency aid, repair bills for other people’s vehicles, medical expenses and bail bonds. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things like hitting a parking meter, damaging your car on a curb, scraping a guard rail, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like surgery, pain medications, EMT expenses, X-ray expenses and ambulance fees. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible