Cheap 2015 BMW 5 Series Gran Turismo Car Insurance Quotes in 2024

Comparing and finding cheap rates for Driversauto insurance could be difficult for drivers who are new to quoting and comparing prices online. There are so many choices that it can easily turn into a difficult situation to compare rates.

It’s a good idea to get comparison quotes before your policy renews due to the fact that insurance prices fluctuate regularly. Just because you found the best deal on 5 Series Gran Turismo coverage a few years ago there is a good chance you can find better rates now. There are lots of tips to save on auto insurance online, but we’re going to give you some proven techniques to put money back in your pocket.

Take advantage of every car insurance discount

Companies offering auto insurance don’t always publicize the entire discount list very clearly, so the following is a list of a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy auto insurance online.

• Renewal Discounts – Some larger companies reward drivers for switching policies before your current expiration date. The savings is around 10%.
• Accident Waiver – Not a discount per se, but a few companies such as GEICO and Liberty Mutual allow you one accident before they charge you more for coverage if you are claim-free for a set time period.
• Multi-car Discount – Buying coverage for primary and secondary vehicles on the same car insurance policy may reduce the rate for each vehicle.
• Distant Student Discount – Kids who are attending college and do not take a car to college can receive lower rates.
• Bundle and Save – If you can bundle your auto and homeowners insurance and insure them both with the same insurance company you may save up to 20% off your total premium.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems can receive discounts of more than 20%.
• Seat Belt Discounts – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks off the medical payments premium.
• Discount for New Cars – Buying a new car instead of a used car can get you a discount because newer vehicles keep occupants safer.
• Good Grades Discount – Getting good grades can be rewarded with saving of up to 25%. Most companies allow this discount up until you turn 25.
• ABS and Traction Control Discounts – Vehicles with ABS and/or traction control are safer to drive and qualify for as much as a 10% discount.

Don’t be shocked that some credits don’t apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, companies don’t profit that way.

Popular car insurance companies and a selection of discounts can be found below.

• GEICO may have discounts that include daytime running lights, seat belt use, membership and employees, military active duty, five-year accident-free, and federal employee.
• MetLife offers discounts for good student, claim-free, good driver, multi-policy, and accident-free.
• Progressive has discounts for online quote discount, good student, homeowner, continuous coverage, online signing, and multi-policy.
• Travelers may offer discounts for good student, payment discounts, new car, home ownership, multi-car, multi-policy, and student away at school.
• SAFECO has savings for homeowner, anti-lock brakes, accident prevention training, teen safe driver, anti-theft, teen safety rewards, and safe driver.
• AAA may include discounts for multi-car, pay-in-full, AAA membership discount, multi-policy, and good driver.

When getting free auto insurance quotes, it’s a good idea to each company which credits you are entitled to. A few discounts might not be available to policyholders in your area. To view companies that offer many of these discounts, enter your zip code here.

Free car insurance quotes

When comparison shopping, there are several ways of comparing rates from many car insurance companies in your state. The best method to find affordable 2015 BMW 5 Series Gran Turismo insurance rates involves getting comparison quotes online. This is quite simple and can be completed in just a few minutes using one of these methods.

The fastest and easiest way to get quotes for comparison is a comparison rater form. This quick form prevents you from having to do repetitive form submissions to each individual car insurance company. Taking the time to complete one form will get you rate comparisons from multiple companies. This is perfect if you don’t have a lot of time.

A less efficient way to find better pricing is to manually visit each company’s website and fill out a new quote form. For sake of this example, we’ll pretend you want to compare Liberty Mutual, Esurance and Progressive. In order to get each rate, you would have to spend time going to each site individually and enter your policy data, which can be really labor intensive.

The most difficult way to get rate quotes is driving to all the different insurance agencies. Buying insurance online makes this unnecessary unless your situation requires the extra assistance of a local agency. Some companies do allow you to get prices online and still use a local agent.

Whichever method you choose, double check that you are using identical coverage limits for each price quote. If your comparisons have different coverage information you will not be able to find the best deal for your BMW 5 Series Gran Turismo. Just a small difference in insurance coverages or limits could mean much higher rates. Just remember that comparing a wide range of rates increases your odds of finding lower pricing.

Why your insurance rates might be higher

Smart consumers have a good feel for some of the elements that help determine the level of your policy premiums. If you understand what controls the rates you pay, this allows you to make educated decisions that could result in better auto insurance rates. Many different elements are part of the calculation when pricing auto insurance. Some factors are common sense such as traffic violations, but some are more obscure such as your marital status or your vehicle rating.

The itemized list below are some of the things that factor into premiums.

• Amount of liability – A critical coverage on your policy, liability insurance will provide protection if ever a court rules you are at fault for damages caused by your negligence. It provides you with a defense in court to defend your case. Liability insurance is quite affordable compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
• Gender is a factor – The statistics show that females take fewer risks when driving. However, don’t assume that females are better at driving than males. Males and females cause auto accidents in similar percentages, but guys have costlier accidents. Men also tend to get higher numbers of serious violations like reckless driving and DUI. Young men ages 16 to 20 are several times more likely to be in an accident and are penalized with high auto insurance rates.
• Do you really need roadside assistance? – Policies have extra coverages that may not really be needed if you aren’t diligent. Coverages for rental car reimbursement, towing coverage, and additional equipment coverage are probably not needed. They may sound like good ideas at first, but if you’ve never needed them in the past get rid of them and save.
• Age of drivers impacts prices – Mature drivers tend to be more responsible, are lower risk to insure and get fewer tickets. Teenage drivers are statistically proven to be careless and easily distracted when at the wheel of a vehicle and because of this, their auto insurance rates are much higher.
• Low stress occupation equals lower premiums – Occupational choices like fire fighters, air traffic controllers and medical professionals tend to pay higher average rates because of intense work requirements and lots of time spent away from family. On the other hand, occupations such as professors, historians and the unemployed have the lowest average rates on 5 Series Gran Turismo coverage.
• Pay lower rates if you’re married – Having a wife or husband helps lower the price on your policy. It may mean you are more mature and it’s statistically proven that drivers who are married are more cautious.
• Vehicles with better crash test results means lower prices – Safe vehicles are cheaper to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries means your insurance company pays less passed on to you as lower rates.
• Your credit history is important – Credit score is a big factor in determining what you pay for auto insurance. If your credit is lower than you’d like, you could pay less to insure your 2015 BMW 5 Series Gran Turismo by improving your credit score. Insureds with very good credit scores tend to file fewer claims and have better driving records than drivers with lower credit scores.

How to know if you need help

When buying proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique.

For example, these questions can aid in determining whether you may require specific advice.

• Do I need replacement cost coverage?
• Can I rate high risk drivers on liability-only vehicles?
• Is upholstery damage covered by car insurance?
• Should I have a commercial auto policy?
• What is covered by UM/UIM coverage?
• Will I be non-renewed for getting a DUI or other conviction?
• What can I do if my company won’t pay a claim?
• When should I drop full coverage on my 2015 BMW 5 Series Gran Turismo?
• Is my ex-spouse still covered by my policy?
• Are all vehicle passengers covered by medical payments coverage?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, fill out your zip code.

Well known brands might not be cheapest

State Farm, Allstate and GEICO constantly bombard you with television and radio advertisements. All the ads tend to make the same promise that you can save after switching your insurance coverage policy to them. But how can every company make almost identical claims? It’s all in the numbers.

Companies provide the lowest rates for the type of driver that will be a good risk. For example, a profitable risk profile may be between the ages of 30 and 50, has had continuous coverage, and insures a new vehicle. Someone who fits those characteristics will most likely get cheap premium rates as well as save a lot if they switch.

Drivers who do not match these standards may be required to pay a more expensive rate which usually ends up with the customer buying from someone else. Company advertisements say “drivers who switch” not “all people who quote” can get the lowest rates when switching. That is how companies can truthfully advertise the way they do.

Because of the profiling, drivers should do a rate comparison at every renewal. Because without a comparison, you cannot know which insurance coverage company will have the best rates at this point in time.

Car insurance coverage breakdown

Understanding the coverages of car insurance aids in choosing appropriate coverage for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like theft, a tree branch falling on your vehicle and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

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

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against things like court costs, emergency aid, funeral expenses and medical services. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.

Collision coverage

Collision insurance covers damage to your 5 Series Gran Turismo from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a parking meter, driving through your garage door, rolling your car and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for immediate expenses like rehabilitation expenses, prosthetic devices, doctor visits and dental work. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your BMW 5 Series Gran Turismo.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Money doesn’t grow on trees

As you restructure your insurance plan, you should never reduce coverage to reduce premium. There are too many instances where an accident victim reduced full coverage and found out when filing a claim that the savings was not a smart move. Your goal should be to buy the best coverage you can find for the lowest price.

Budget-conscious 2015 BMW 5 Series Gran Turismo insurance can be sourced on the web and with local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers don’t offer online quoting and usually these smaller companies prefer to sell through independent agents.

We just presented many tips how you can save on 2015 BMW 5 Series Gran Turismo insurance. The most important thing to understand is the more companies you get premium rates for, the better your comparison will be. Consumers could even find that the lowest car insurance rates come from some of the smallest insurance companies.