BMW 5 Series Car Insurance






Luxury, performance and quality – are all descriptions that are synonymous with BMW 5 Series cars. If you drive a BMW 5 Series (or are considering purchasing one), you probably already see why these words are used to describe these cars. BMW 5 Series cars are unique – and so is car insurance for these well-engineered vehicles. Continue reading to learn more about insuring a BMW 5 Series for your driving pleasure.

There are a variety of different considerations that go into calculating a car insurance quote, therefore, due to varying circumstances such as, vehicle differences or personal circumstances (the driver’s age, driving history or credit record) – it is impossible to determine how much an exact quote will be.

Insuring a BMW 5 Series involves many different factors that can affect the cost of your quote. If you are purchasing or driving a brand new 5 Series, you will find that the cost of insurance is considerably higher than insuring an average car with a cheaper sticker price. It’s virtually impossible to determine what an individual will have to pay for insuring a BMW 5, but there are general guidelines to provide you with an estimated range.

Crash Test Ratings & Safety Features

Crash test ratings for a vehicle are influential in determining a person’s car insurance rates – another win for BMW 5 Series owners. Typically, the safer the vehicle is for its passengers, the cheaper the insurance costs will be. The BMW 5 Series scored three out of five stars in frontal crash tests and a passenger rating of five out of five for frontal impacts. The 5 Series also received a perfect score for side impacts – for all passengers. This vehicle also scored a four out of five stars in rollovers, which means this vehicle is safer in the event of a rollover.

The safety features on a vehicle can greatly affect the owner’s premium, which is good news to BMW 5 Series drivers. As a general rule, the more safety features that are installed in a vehicle – the cheaper the car insurance will be, as a result of safety discounts offered by most car insurance companies. BMW 5 Series cars offer a variety of available safety features to choose from, including:

  • ·Airbags (side, front and head)
  • ·Automatic Crash Notifying Systems
  • ·Child Seat Anchors
  • ·Dynamic Head Restraints
  • ·Electronic Stability Control
  • ·4 Wheel ABS (Anti-Lock Brakes)
  • ·Rear Seat Head Restraints
  • ·Seat Belt Tensioners
  • ·Tire Pressure Monitoring &
  • ·Traction Control

While the cost of insuring a BMW 5 Series is generally, more expensive than the cost of insuring an average car – these available safety features offer 5 Series drivers a way to save money on their premium through substantial car insurance discounts. However, each insurance company has different methods for calculating these discounts and the final rate, therefore, it is important to shop around and compare prices from several different companies to find the best rate for your BMW 5 Series.




Used Vehicle Auto Insurance – Do I Need Collision Insurance?






Used vehicles are ideal for many reasons. One reason people prefer used vehicles is they are cheaper to buy, meaning they are easier to pay off or no payments, at all! They can also be cheaper to insure, as we will explain in the following information. Keep reading to learn how to know the best time to lose your collision/comprehensive insurance. 

If you have just bought a used vehicle or if you own an older vehicle — you probably will reach (or already have reached) a point when you will want to consider dropping your insurance coverage to liability only.

There are two main types of auto insurance coverage:

  1. Comprehensive/Collision/Full Coverage
  2. Liability/PLPD

Comprehensive offers more coverage than liability (covering the other driver’s, their property and you and your property), but is considerably steeper in price than liability. Liability is much cheaper, but it covers much less — liability covers anyone else who was involved in the vehicle, their medical bills and property repair/replacement. Therefore, while getting the bare minimum insurance is cheaper — it is also riskier. For example, you would probably not want to drop your collision coverage if you had fallen behind on your vehicle loan and you owe more to the lender than the car is worth.

Tip: If you are paying more each year than you would receive on a claim — full coverage does not make sense.

Insurance adjusters calculate per the vehicle’s adjusted Kelley Blue Book value rather than the original price paid or other figure. Find out your car‘s Kelley Blue Book value and compare it to what you owe in insurance costs each year. If your bills are much higher than the actual value of the car — you may want to reconsider whether you need comprehensive.

Therefore, in an effort to save money — many drivers will drop their comprehensive insurance, choosing to pay out-of-pocket in the event of an accident.

While liability coverage may be a great way to save money, because of the potential risk involved — it is difficult to know when it is time to drop full coverage for your used vehicle.

Many experts believe car owners should drop collision coverage when the vehicle is ten years old or older. While this may be a good method, it does not work for everyone. Other factors may be present including, a loan or lender terms, value of the vehicle, personal preference, etc. The ten-year mark is a good point in your vehicle’s life to look at what you’re paying now, what your car is worth and check out the liability rates to determine the best option for you.

In most cases, drivers would not want to carry full coverage on any vehicle that is old or has a low value. If you are concerned about dropping the coverage on your older or used vehicle — when you switch to liability, start saving the money you would have spent on collision coverage and put it towards buying a new car.

The bottom line — comprehensive coverage can get expensive and it never hurts to shop around for liability insurance quotes, especially when your premiums become too expensive.




“If I Borrow My Friends Car Will my Auto Insurance Still Cover me?”






You’ve borrowed your girlfriend’s car for a few hours to run a few errands. As you’re driving back to drop off her car, you run a red light and you’re involved in a slight fender bender. Thankfully, no one was hurt, but several questions are probably running through your mind, for instance — “How much will this cost?”, “Will her insurance pay for this?” or “Will I be covered under my insurance policy?”

We’ll explain the answer to the question, “If I borrow my friends car — am I still be covered under my insurance policy?”

Answer:

In the United States, the answer to that question varies according to BOTH the state you live in and the type of policy you have at that time. The most common way this situation is handled is:

  • If the necessary coverage fits into the vehicle owner’s policy term limits — their insurance is generally, considered the primary coverage.
  • If the owner’s policy does not allow coverage to the driver — then the driver’s insurance will be used as the primary coverage for the claim.

The best way to know for sure is to contact your insurance provider and find out directly from them.

However, what this means is:

  • Depending on several different aspects of the policy (liability, medical, uninsured motorist, etc.), the driver’s insurance will typically, follow them wherever they go, no matter what vehicle they’re driving.

Therefore, if the “personal use” vehicle is adequately covered, then the owner’s insurance will act as primary coverage, and the driver’s insurance paying anything that wasn’t covered by the owner’s insurance.

While this may be good news, there are restrictions to this rule. For instance, a driver will NOT be covered on their insurance, if they are driving:

                *A vehicle that is intended for commercial use

                OR

                *A vehicle that they are driving for business-related purposes

Other Specifics

Some insurance policies offer “name-specific” coverage that only covers drivers that are listed on the policy for the vehicle. While this option is often, cheaper — it doesn’t provide coverage, in the event that something happens with an occasional/permitted driver.

In this type of event, the owner’s coverage typically, determines the outcome — who will be the primary insurer for the incident. Most policies give coverage to ANYONE who is driving the insured vehicle, unless:

  • The driver has been excluded from the policy or
  • The owner can prove the driver stole the vehicle (with a copy of the theft report)

While this is generally, the rule — it’s not true for all policies or in all states. Therefore, it is essential to call your insurance company to ask about the details before driving your friend’s car or driving hers. A quick call to the insurance company before handing over the keys could save a lot of time, money and hassle. While we can’t offer advice for how to tell your friend about the accident — we hope that now, if anything does happen, you’ll know what to do.




Auto Insurance for my Diesel Vehicle






People buy diesel for different reasons. While some choose a diesel engine for its amplified towing power, others choose diesel because it gets more miles per gallon <diesel gets 20 to 30% better fuel economy when compared with vehicles that use petrol fuel>, has cleaner emissions, is easier to maintenance and has higher value retention. In this economy (and with the rising gas prices), chances are you probably appreciate the improved gas mileage, but you may be looking for ways to save on your diesel auto insurance. In the following information, we’ll explain what you need to know about insuring your diesel and provide some money-saving tips along the way.

Diesel Vehicle: Insurance Costs

When many of us purchase a diesel vehicle, we often don’t consider certain factors like, the insurance costs. However, it’s an important aspect to consider, especially when buying a diesel car, truck or SUV. The majority of states in the U.S. require (mandate by law) that all drivers should have auto insurance, in the form of liability coverage (at least). Therefore, whether we like it or not (we don’t) and whether we can afford it or not, we have to pay for a minimum amount of insurance coverage for our diesel vehicles.

Diesel Vehicle: Minimum Coverage

Each state has different laws and different minimum coverage amounts. However, liability coverage stays the same — in the event of an accident, diesel liability insurance provides coverage for bodily injury, which includes anyone involved in the accident and damages to anyone else’s property such as, their car, home, etc. The minimum liability required by your state is the cheapest type of coverage you can buy.

Many times, however, especially in terms of a newer vehicle (where a lender is required for purchase) — diesel drivers have no other option, but to get comprehensive or full coverage on their vehicle. If this is the case, they’ll have to search for other ways to save on their auto insurance premium.

Diesel Vehicle: Comparing Quotes

Whether you drive a large diesel truck or a diesel SUV, it can always help to compare coverage prices and plans to find the cheapest policy for you. Insurance shoppers can compare their rates either by calling each company over the phone OR by getting a quote comparison online. Comparing insurance quotes online is the fastest method for obtaining multiple auto insurance quotes. However, while contacting each company can be time-consuming — it’s also the best way to get the most accurate rate quote. Choose which method works best for you and start comparing quotes to get the best insurance plan for you and your diesel.

Diesel Vehicle: Discounts

There are varieties of discounts that diesel drivers can take advantage of, just by asking their current provider. Popular options that are available at most nationwide insurance companies include safe driver discounts, good student discounts, safety feature discounts, multi-policy/multi-vehicle discounts, over 55 discounts, etc.

With so many ways to save, your diesel auto insurance could be much, much cheaper than you’re paying for it now. Don’t wait — compare quotes to find the cheapest diesel insurance and then, when you find the cheapest, ask your provider about any discounts that may be available to you, as well.




Cheap SUV Insurance Premiums – Don’t Pay Too Much






If you drive an SUV or you’ve started comparing insurance for a sport utility vehicle you’re hoping to buy — you may have figured out that the insurance costs are much steeper than most other cars such as, a small sedan or hatchback. Learn why it’s more expensive and how to make your SUV insurance cheaper by reading the following information.

Why does insuring an SUV cost more?

Among other factors, insurance companies calculate car insurance rates according to the vehicle’s:

*Cost to repair

*Accident risk (frequency of accidents) &

*Potential damage to another vehicle or other people (in the event of an accident)

Due to the fact that SUVs are more costly to repair than most cars, sport utility vehicles have a higher center of gravity meaning “roll overs” are more common in these vehicles, and the fact that they’re bigger than most cars, which means they have a higher risk of causing substantial damage (considerably more than a smaller vehicle might), in the event of an accident — SUVs are typically, more costly to insure. Don’t worry though — there are ways to keep your insurance costs low for your SUV.

How can I get cheaper rates for my SUV?

  • Compare Rates — If you compare rates for the cheapest SUV premium — you may be surprised at how much the rates can vary. It’s worth it to shop around.
  • Shop Savvy — When you are shopping around for a new or newer vehicle, check out what the rates would be with your existing provider or by comparing rates for SUVs you’re considering purchasing, via insurance comparison websites. This way, if the insurance is too much — it won’t be too late to select a different model to buy. Hint: The more safety features your SUV boasts, the cheaper the premiums will be because most insurance providers offer multiple safety discounts (including, security features) — keep that in mind, when shopping for a new vehicle.
  • Combine Coverage — Most insurance providers will offer a (multi-policy) discount to policyholders use their company for all of their insurance needs. Therefore, if you own your own home, have a motorcycle, RV, — you should consolidate your policies by going through ONE company for ALL of your insurance needs (this includes life and health insurance if those apply, too). That’s right: put all of your eggs in one basket — for a discount on your SUV premium(s).
  • Drop Excessive Coverage — If your SUV is worth $1,000 or less, there’s little reason to have it fully covered (comprehensive/collision). Your vehicle will be very costly to replace, in the event you are involved in a collision or the vehicle is stolen. The cost difference between liability and full coverage is huge. If you don’t need comprehensive on your older SUV — either drop it or don’t get it.

These are just a few of the ways to avoid paying too much for SUV auto insurance — try these simple tips to save hundreds, even thousands on your premium each year!




Honda Car Insurance Rates – Get the Lowest Price






Honda is the world’s leading manufacturer of engines, and this car brand becoming increasingly more popular with American drivers. Drivers prefer Honda vehicles for many reasons including, the vehicle make’s low sticker price, low gas mileage and functionality. Whether you drive (or are considering purchasing), a Honda from the Honda Element model to the Insight to the more traditional Honda models such as, the Accord, the Civic and across the board — you’ll need to have auto insurance, in most states. While car insurance is mandated in most states, it doesn’t mean you have to pay a lot to insure your Honda.

Keep reading to learn a few tips for how to get the lowest insurance rates for your Honda.

When insuring a Honda vehicle, as with all vehicles — you need to remember that there are two primary coverage types for Honda shoppers: comprehensive and liability. Liability is the lowest possible coverage and is typically, separated into two parts: property damage and bodily injury. If you’re searching for the cheapest option (you’re not required by a lender to attain comprehensive coverage) — liability coverage will make your monthly, bi-monthly or yearly bill more affordable. While liability insurance for your Honda means a cheaper monthly premium — it could have extremely expensive consequences, in the form of a repair bill and covering the costs for your own medical bills. You may want to consider going above the liability requirements in your state to protect your wallet and your vehicle. While comprehensive/collision insurance offers more coverage — it’s usually much more expensive than liability.

If you are required to have comprehensive/collision coverage or you prefer it, there are some other options for getting the lowest insurance for your Honda.

The cheapest Honda rates are somewhere in your local area — all you need to do is find them. The best way to locate the cheapest insurance rates in your location is by comparing insurance quotes for your Honda. Honda drivers can compare rates for multiple companies by signing online, selecting an auto insurance comparison service, and entering information about you and your Honda — in a few minutes, you’ll receive multiple quotes in a side-by-side format that allow you to compare prices and plans for major insurance companies in the area.

Here are a few more quick tips to keep your Honda insurance rates at the lowest price:

  • Mention EVERY safety feature your Honda has (including the standard Security Systems installed in most Honda models) — safety features mean multiple discounts on your car insurance bill.
  • Ask your insurance company if you are eligible for any discounts — some of the common options offered by insurance companies include a safe driver discount, an over 55 discount, and a low mileage discount.

Car insurance rates for a Honda are typically, reasonable — due to overall safety features, excellent crash test ratings and Honda’s sporty, but practical design. However, we’ve listed some tips for how to pay the bare minimum to cover your Honda vehicle.




Farmers Auto Insurance Discounts






Farmers Car Insurance Company (Farmers Insurance Group) has been providing insurance since 1928 — that’s nearly 90 years of coverage to motorists. Farmers offers insurance plans in 41 states with a variety of discounts to its more than 15 million customers nationwide. Keep reading to find out more about car insurance discounts offered by Farmers Insurance Group.

 

Who is Eligible for Farmers Insurance Discounts?

  • Retired Professionals
  • New Parents
  • Homeowners
  • Affiliated Group Members (Police, Firefighters, Nurses, Doctors, etc.)
  • Good Students
  • Teenagers/New Drivers

Farmers Auto Insurance Discounts: State-Specific

The type of discounts you are eligible to receive through Farmers may be based on your location. For instance, California drivers can qualify for a variety of insurance discounts (through Farmers) that other states are not eligible for. Some of the Farmers Auto Insurance discounts that are available to California drivers include:

*Multi-Line Discounts – If you have your home, auto or life insurance through Farmers Insurance, you may qualify for a multi-line (multi-policy) discount.

*Multi-Car Discounts – If you have more than one vehicle listed on your Farmers Insurance policy, you may qualify for a multi-vehicle discount.

*Alternative Fuel Discount – Electric vehicle or hybrid owners can qualify for a five percent alternative fuel discount through Farmer’s.

Farmers Auto Insurance Discounts: General

While some discounts through Farmers are dependent on the state where you live, others are more generalized and are typically, offered at all Farmers Auto Insurance offices across the country. These discounts include:

*Anti-Lock Brake Discount – If you have ABS installed in your vehicle, you will be eligible for a safety discount.

*Anti-Theft Discount – If you have security/theft-deterrent features on your vehicle, you will qualify for a safety discount.

*Electronic Stability Control Discount – If you have high-tech safety features like, Stability Control, you will be eligible for a discount, as well.

*Good Driver Discount – Farmers appreciates safe drivers because these policyholders typically, because they are cheaper to insure. Therefore, if you have a solid driving history with no accidents within the past three years, you may qualify for a Farmers Auto Insurance discount.

*Good Student Discount – Any driver under the age of 25 who is enrolled in full-time school (high school or college students) and gets good grades.

*Driver Safety Awareness Program Discount – Teen drivers who complete the Y.E.S. (You’re Essential to Safety) can qualify for a discount.

*Senior Defensive Driver Discount – Senior drivers (age 55 and up) who have completed the Mature Driver Improvement course may be eligible to receive a discount on their auto insurance policy through Farmers. 

*Farmers Flex Program – While not an actual discount, this accident-forgiveness program from Farmers allows policyholders to lock in their rates, even if they are involved in a collision. Therefore, the Farmers Flex Program enables policyholders to save money and keep their rates the same regardless of their recent driving record.

Farmers Auto Insurance Group offers a variety of discounts that are available to just about anyone who starts a policy through this company. Contact a Farmers Auto Insurance representative to find out which Farmers discounts are available in your state.




Will Electric Vehicle Insurance be More Expensive?






Many car enthusiasts are calling 2011, “The Year of the Electric Vehicle”. While some balked at the popularity of these new cars – the newly released Nissan Leaf and Chevy Volt are generating lots of excitement and in the coming months, even more Electric Vehicles (EVs) will be unveiled.

The electric vehicle runs on a battery that can be recharged, just by plugging the car into an approved charging station. Carmakers have promised that EVs will reduce pollution, as well as, our dependence on gas and oil. However, will electric vehicle insurance be more expensive than for other traditional automobiles?

James Bell, executive market analyst for the Kelley Blue Book says that there are several good reasons why insurance premiums for EVs will carry a lower price.

Reason #1 – Similar to Hybrids (and Hybrid Drivers)

One major reason why EVs will have cheaper insurance costs is because of initial similarities between new EVs and the first hybrid vehicles. When hybrids were first released, they weren’t flashy or sporty cars by any means, therefore, hybrids (and now, electric vehicles) were typically, considered less risky to insurance than most other vehicles. In addition, hybrid and EV drivers are considered the opposite of reckless, risk-taking motorists who typically, have higher insurance.

With the exception of the limited edition, Tesla, the newest generation of EVs is very much the same, as the forerunner hybrids. Electric vehicles are expected to attract the same conservative, stable, safe drivers as the hybrid vehicles.

Reason #2 – Limited Range

The newest EVs are likely to be driven particularly in-town for running errands or within a limited range for commuting. The range limitations and lack of options for charging EV batteries in a public setting means that these vehicles will not be taken on long trips. Due to the limited range in most EVs, these vehicles face a lowered risk of accident exposure. The fact that these vehicles will be used, only conservatively simply means — cheaper insurance for electric vehicle owners.

Reason #3 – Cheap/Simple Repairs

While EVs are considered “new technology”, the mechanics are based on a simple concept that is over a century old. EVs have few moving parts, therefore, as far as the reliability of the vehicle – EVs are not considered a risk. Electric Vehicle technology is the same technology that is often, seen in golf carts. The simplicity of this technology and the lack of moving parts in EVs typically, means these cars are typically cheaper to repair and much simpler than traditional fuel-powered vehicles, which leads to lowered claims expense to insurance providers.

The combination of these factors — safer to drive and safer drivers, fewer mileages and the fact that EVs are cheaper and easier to repair — suggests that Electric Vehicles will have lower car insurance rates than traditional gas-fueled vehicles. Therefore, EVs are not only friendly to the environment and cheaper, in terms of daily maintenance (NO or little gas required) — but they can also be considerably cheaper than other vehicles — to insure.




Trans AM Car Insurance






The Trans Am has been popular, ever since the 1977 Pontiac Trans Am roared onto the screen of Smokey and the Bandit. The Special Edition ’77 Trans Am was the real star of the film, and rightfully so. Still, Smokey and the Bandit probably weren’t concerned about car insurance. However, if you own (or are considering purchasing) a Trans Am — there are a few things you should know about insuring these mean-looking, American-made cars. Whether you are driving a vintage Trans AM or a brand new 2011 model, you’ll need to have coverage. Here’s what you need to know.

Your Demographics – Age, Gender & Location

Many different issues affect auto insurance rates; some of these factors are within your control, while others are only based on demographics (some that are unchangeable). The factors, which you cannot control, are your age – normally, middle-aged people are typically viewed as more responsible behind the wheel, and therefore, they pay less than say, a teen that has just started driving or an elderly person. Another factor that affects your car insurance is your gender – generally, males pay more for car insurance than females. One of the factors that you can change include your marital status – typically, married couples are viewed as more responsible plus, if the married couple needs to add more than one vehicle to their policy, they can also receive a substantial multi-policy discount (offered by most insurance companies). Where you live is another aspect about your personal demographics that can affect your rates and where your vehicle is parked – some areas have a higher risk of theft or accident, which can increase the cost of insurance.

Your Vehicle – Pontiac Trans AM

As far as, insurance is concerned, there are some aspects about the costs that you can control, for instance — the type of vehicle you drive. Insurance companies use several different factors about your vehicle to determine your insurance premium costs. One factor that insurance providers use to calculate your premium is the actual cost to replace the vehicle, in the event that it is stolen or involved in an accident. While this amount can vary from provider to provider, it is typically, around the same as the car’s trade-in value.

The body style of your vehicle can also affect the cost to insure your vehicle, as well. For example, trucks, SUVs and sports cars typically, cost more to insure than small, mid-size or large cars.

Another factor that can affect your Trans AM car insurance are the car’s safety ratings. For instance, the 2002 Pontiac Firebird Trans AM was given four out of five stars in the driver’s side frontal impact testing and five out of five stars in passenger-side frontal impact testing. The average cost of insurance for a 2002 Pontiac Firebird Trans AM (two Door Coupe V8) is approximately $1,647

While Trans AM car insurance can be expensive (especially, for teenage drivers and particularly for males under 25, as well), but it doesn’t have to be. Find the best insurance quote for your Trans AM or the Trans AM of your dreams by comparing rate quotes for several different insurance company to choose the cheapest and best option for you and your Firebird.




How to Save Money on Auto Insurance






If you’re trying to find ways to save money on car insurance — you’re in luck! There are plenty of ways to save money, without putting a lot of effort into it. Keep reading to find out how simple it can be to save money on your auto insurance.

Insurance: Everyone needs it (auto insurance is required in most states), but it’s an expense most people wish they didn’t have to pay. Despite this fact, we all have to pay for coverage. However, car insurance doesn’t have to cost a lot.

Here are a few suggestions for ways to save money on your auto insurance premium:

Quotes

Your personal insurance costs vary from company to company – this is because insurance companies use different rating methods for calculating your premium. You need to find out from a minimum of three insurance providers.

Tip: Avoid shopping on price alone – shop for the best plan, coverage and customer service options to suit your needs (for the best price you can find).

 

Minimum Coverage

Every state has a minimum coverage requirement. Therefore, every driver in that state needs to have at a minimum amount of liability coverage in order to be considered legal to operate a motor vehicle (in that state). Subsequently, if you are not required (by a lender or dealership) to pay for comprehensive — you could drop your coverage down to the minimum required by law in your state, in order to save money on your bill. Keep in mind; however, it’s important to have adequate coverage. If you are not adequately covered, it could wind up costing you astronomical out-of-pocket fees and expenses to pay for the damages.

Find out if your vehicle is worth the cost of your insurance by determining your car’s value (Kelley Blue Book online is a good place to start!), calculating your annual insurance costs, and figuring out your potential loss factor.

Rule of Thumb: If your vehicle is more than 15 years old, it’s probably okay to drop your coverage down to liability.

Vehicle

The car, van, truck or motorcycle (etc.) you drive can really have an impact on your auto insurance rates. Factors that play a role in your vehicle’s insurance costs include:

  • Costly to repair – If your vehicle can be easily damaged or has parts that are expensive to replace — it can increase your car insurance bill.

How to Fix: Install safety features such as, ABS, air bags, etc. to get a safety discount OR buy a car with these safety features and with high safety ratings. Check with the Insurance Institute for Highway Safety or IIHS, you can find ratings for most cars based on safety features.

  • High theft rate – If your vehicle is on several lists of the “Most Stolen Vehicles” — chances are your car insurance will be more expensive.

How to Fix: Install theft deterrent devices such as, an alarm or security system to get a discount for added security features OR buy a vehicle that has these safety features and one that has been ranked high by the IIHS.