Finding cheaper insurance for a BMW 528it could be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to shop for auto insurance and we’ll show you the absolute fastest way to quote coverages on a BMW and obtain the lowest price either online or from local insurance agents.
Finding affordable coverage is quite easy. If you have insurance now or need new coverage, you can follow these tips to shop for the lowest rates and possibly find even better coverage. Vehicle owners only need an understanding of how to compare company rates over the internet.
Complexity of BMW 528it insurance rates
Consumers need to have an understanding of the factors that go into determining the rates you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that will entitle you to better auto insurance rates.
- You might want pay the small claims yourself – If you file claims often, you can look forward to higher rates. Car insurance companies provide cheaper rates to people who file claims infrequently. Insurance coverage is intended for larger claims.
- Type of vehicle determines base rates – The performance level of the car you are insuring makes a significant difference in how high your rates are. Since the BMW 528it falls in the luxury sedan class, insuring your vehicle will cost more as compared to the average rate. Small economy passenger models receive the most favorable rates, but the final cost of insurance is determined by many other factors.
- Bump up deductibles to save – Your deductibles define the amount you are required to spend if you file a covered claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more money you are required to pay out-of-pocket, the bigger discount you will receive for 528it coverage.
- Safe vehicles cost less to insure – Cars with high safety ratings tend to have better insurance rates. Safe vehicles result in less severe injuries and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders. If your BMW 528it has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
- Protect your assets with liability insurance – Your policy’s liability coverage is the coverage that protects you if a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
- Poor driving leads to higher costs – Your driving citation history has a lot to do with how much you pay for insurance. Just one speeding ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance than their less careful counterparts. Drivers who have dangerous citations such as DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
- Lower miles equals lower premium – The more miles you rack up on your BMW each year the more you will pay for auto insurance. Most companies rate vehicles determined by how the vehicle is used. Cars left parked in the garage receive lower rates than those used for commuting. An improperly rated 528it can cost quite a bit. Make sure your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money.
How to Compare Auto Insurance
Shopping for lower auto insurance rates can be a lot of work if you don’t utilize the easiest way. You could spend the better part of a day discussing policy coverages with agents in your area, or you can stay home and use the internet to achieve your goal.
Many insurance companies enroll in a system where insurance shoppers enter their coverage request one time, and at least one company returns a competitive quote based on that data. This eliminates the need for quote requests to every company. To submit your quote information now, click here to start a free quote.
The one disadvantage to using this type of form is buyers cannot specifically choose which carriers you want to price. If you would rather choose from a list of companies to compare rates, we have a page of the cheapest auto insurance companies in your area. Click to view list.
Whichever method you choose, ensure you are comparing exactly the same coverage information on every quote you get. If you use different deductibles then you won’t be able to determine the best price for your BMW 528it.
Do auto insurance companies bend the truth?
Consumers can’t get away from ads that promise big savings by companies like Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you’ll save big after switching to them.
But how can every company claim to save you money? It’s all in the numbers.
All the different companies are able to cherry pick for the driver that earns them a profit. An example of a driver they prefer could possibly be between 30 and 50, has no driving citations, and has excellent credit. A driver who matches those parameters gets the lowest rates and as a result will probably cut their rates substantially.
Drivers who are not a match for the “perfect” profile will be quoted higher rates and this can result in the customer not buying. The ads say “drivers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can make the claims of big savings. This emphasizes why it is so important to compare many company’s rates. Because you never know the company that will provide you with the cheapest rates.
Discounts are available to cut your rates
Auto insurance companies don’t always list every available discount very well, so here is a list both the well known and also the lesser-known auto insurance savings. If you don’t get every credit you qualify for, you’re paying more than you need to.
- Club Memberships – Being a member of certain professional organizations may earn a discount when shopping for auto insurance for 528it coverage.
- Safe Driver Discount – Safe drivers can pay as much as 50% less for 528it coverage than less cautious drivers.
- Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
- Good Student – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
- Accident Free – Claim-free drivers pay less compared to drivers who are more careless.
- Resident Student – Any of your kids who attend school more than 100 miles from home without a vehicle on campus can receive lower rates.
- Passive Restraints – Cars that have air bags can qualify for discounts up to 30%.
- Early Signing – Some insurance companies reward drivers for signing up before your current policy expires. This can save 10% or more.
As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all those discounts means the company will pay you, it just doesn’t work that way.
Quote online but work with a neighborhood agent
A small number of people would rather buy from a licensed agent and that is a personal choice. Licensed agents can answer important questions and give you peace of mind. The best thing about getting online price quotes is you can get lower rates but still work with a licensed agent.
By using this simple form, your information is submitted to local insurance agents who will compete to get your business. You don’t have to leave your house because quoted prices will be sent immediately to your email address. How’s that for easy!
Deciding on an insurance company needs to be determined by more than just the bottom line cost. Any agent should be forthright in answering these questions:
- Are they able to influence company decisions when a claim is filed?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Are they properly licensed to sell insurance in your state?
- How long has their agency been in business?
- Which company do they place the most coverage with?
- Are they full-time agents?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- If you have an accident, will your rates go up?
How to choose the best insurance agency
When searching for a good insurance agency, there are a couple of types of insurance agents that differ in how they can insure your vehicles. Insurance agencies are classified as either independent (non-captive) or captive. Both types can properly insure your vehicles, but it’s good to learn the differences because it can impact your selection of an agent.
Captive Insurance Agents
These agents can only write with one company like American Family, Liberty Mutual and AAA. They generally cannot give you multiple price quotes so they are skilled at selling on more than just price. Captive agencies are usually quite knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Consumers often buy insurance from these agents mostly because of the prominence of the brand and the convenience of having all coverages with one company.
Independent Agencies or Brokers
Independent agencies are not locked into one company so they can insure your vehicles with many different companies depending on which coverage is best. To move your coverage to a new company, they simply move the coverage in-house and you won’t have to switch agencies. When comparison shopping, it’s recommended you get quotes from at least one independent agent to ensure the widest selection of prices. Most have the option of insuring with smaller regional carriers which can save you money.
For a complete listing of insurance agencies, click here.
After getting answers to your satisfaction and an affordable coverage quote, most likely you have located an insurance agent that is a good match to properly insure your vehicles.
One last thing
Insureds switch companies for any number of reasons including denial of a claim, high prices, delays in responding to claim requests and even policy non-renewal. It doesn’t matter what your reason, switching companies is pretty easy and you might even save some money in the process.
Discount BMW 528it insurance can be purchased both online and also from your neighborhood agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who may not provide the ability to get a quote online and these small, regional companies work with independent agents.
When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. There have been many cases where someone dropped full coverage to discover at claim time that it was a big error on their part. The ultimate goal is to get the best coverage possible for the lowest price while still protecting your assets.
