Save on 2010 BMW 5 Series Gran Turismo Car Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 1, 2024

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Trying to find the cheapest insurance rates for your BMW 5 Series Gran Turismo? Are you burned out from scraping nickels together to insure your BMW every month? Your situation is no different than millions of other vehicle owners.

Lots of auto insurance companies contend for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest rate

It is always a good idea to check insurance prices before your next renewal since prices are variable and change quite frequently. Despite the fact that you may have had the best rate for 5 Series Gran Turismo coverage a couple years back there may be better deals available now. Block out anything you think you know about insurance because you’re about to learn the best way to lower your annual insurance bill.

How to buy insurance coverage online

Many insurance companies like Progressive, Allstate and GEICO allow consumers to get price estimates on the web. Getting prices online can be done by anyone as you just enter the coverage amounts you desire into the form. Once you submit the form, the quote system orders your driving record and credit report and generates a price determined by many factors. This streamlines rate comparisons, but having to visit different websites and complete many quote forms can get tiresome after awhile. But it’s absolutely necessary to get many rate quotes if you want to get the lowest price.

The smarter way to compare rates makes use of a single form that obtains quotes from more than one company. The form is fast, helps eliminate repetitive entry, and makes rate comparisons a little more enjoyable. After sending the form, your coverage is rated and you are able to buy any or none of the returned quotes.

If a lower price is quoted, it’s easy to complete the application and purchase the new policy. It takes 15 minutes at the most and you’ll know if lower rates are available.

In order to use this form to compare rates, simply enter your zip code here and enter your vehicle and coverage information. To compare your current rates, we recommend you complete the form with the limits and deductibles exactly as shown on your declarations page. This makes sure you will be getting a price comparison for similar insurance coverage.

Verify you’re earning every discount

Not many people think insurance is cheap, but you may qualify for discounts that you may not know about. Some of these discounts will be visible when you purchase, but some need to be inquired about in order for you to get them.

  • Defensive Driving Course – Taking a class that teaches defensive driving techniques could save 5% or more and also improve your driving technique.
  • Good Student – Being a good student may save you up to 25%. The good student discount can last well after school through age 25.
  • Discounts for Cautious Drivers – Drivers who don’t get into accidents may save up to 50% more for 5 Series Gran Turismo coverage than less cautious drivers.
  • Low Mileage Discounts – Fewer annual miles on your BMW can qualify you for slightly better car insurance rates than normal.
  • 55 and Retired – If you qualify as a senior citizen, you can get a discount up to 10% for 5 Series Gran Turismo coverage.
  • Theft Deterrent Discount – Vehicles that have factory anti-theft systems can help prevent theft and will qualify for a discount on a auto insurance quote.

As is typical with insurance, most of the big mark downs will not be given to the whole policy. The majority will only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, you aren’t that lucky. But any discount should help reduce the cost of coverage.

Large car insurance companies and a partial list of their discounts are outlined below.

  • GEICO discounts include driver training, multi-vehicle, multi-policy, military active duty, air bags, anti-theft, and anti-lock brakes.
  • MetLife may include discounts for good student, accident-free, good driver, claim-free, multi-policy, defensive driver
  • State Farm has discounts for student away at school, safe vehicle, passive restraint, good student, accident-free, multiple autos, and driver’s education.
  • Progressive offers discounts for multi-policy, homeowner, continuous coverage, online quote discount, and online signing.
  • Mercury Insurance includes discounts for low natural disaster claims, annual mileage, type of vehicle, multi-policy, accident-free, ease of repair, and professional/association.
  • 21st Century policyholders can earn discounts including defensive driver, teen driver, anti-lock brakes, automatic seat belts, and driver training.
  • Allstate has savings for senior citizen, teenSMART discount, passive restraint, premier discount, and early signing.

If you need low cost auto insurance quotes, ask every insurance company to give you their best rates. Some discounts listed above might not be offered on policies in every state. To see a list of insurers with discount car insurance rates, enter your zip code here.

When should I discuss my situation with an agent?

When choosing the best car insurance coverage, there really is not a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining if your situation might need professional guidance.

  • Should I drop comprehensive coverage on older vehicles?
  • Is my custom paint covered by insurance?
  • Am I covered when driving on a suspended license?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I getting all the discounts available?
  • Am I covered if I crash into my own garage door?
  • What is UM/UIM insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Do I need replacement cost coverage?
  • Am I covered when driving someone else’s vehicle?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete your zip code.

Insurance coverage options for a 2010 BMW 5 Series Gran Turismo

Learning about specific coverages of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on the average insurance policy.

Liability – Liability insurance will cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims like court costs, structural damage, emergency aid, attorney fees and medical expenses. How much coverage you buy is up to you, but you should buy as much as you can afford.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your 2010 BMW 5 Series Gran Turismo.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits are identical to your policy’s liability coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like EMT expenses, rehabilitation expenses, nursing services and funeral costs. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, damage from a tornado or hurricane, theft and rock chips in glass. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision – This coverage covers damage to your 5 Series Gran Turismo resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a mailbox, crashing into a building, sustaining damage from a pot hole, hitting a parking meter and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

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