Are Your BMW 528i Car Insurance Rates Too High?

Are Your BMW 528i Car Insurance Rates Too High?

Trying to find cheaper insurance for a new or used BMW 528i could be an all-consuming task, but you can follow our car insurance buying tips and make it easy.

There is a right way and a wrong way to buy car insurance and you need to know the quickest way to quote coverages for your BMW and locate the best price possible.

It’s important to get comparison quotes quite often since rates are rarely the same from one policy term to another. Even if you think you had the best deal on 528i coverage six months ago the chances are good that you can find a lower rate today. You can find a lot of wrong information about car insurance on the web, but by reading this article, you’re going to learn some proven techniques to save money.

Finding the lowest cost coverage is quite easy. Just about every driver who buys car insurance should be able to save money. Nevertheless, vehicle owners must understand how big insurance companies compete online and apply this information to your search.

What determines your BMW 528i insurance premium

It’s important that you understand the factors that come into play when calculating your car insurance rates. Having a good understanding of what determines base rates allows you to make educated decisions that can help you get big savings.

  • High crash test scores lower rates – Vehicles with high crash test scores can get you lower premiums. The safest vehicles reduce injuries and better occupant protection means lower claim amounts and lower rates for you. If your BMW scored better than four stars on Safercar.gov it is probably cheaper to insure.
  • Save money with special equipment – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping car theft.
  • Don’t get talked into coverage you don’t need – There are a ton of extra coverages you can purchase when buying car insurance. Things like roadside assistance, better glass coverage and motor club memberships are some examples. These may sound like a good investment when you first buy your policy, but if you don’t need them remove them from your policy.
  • Younger drivers pay higher rates – Mature drivers are more responsible, tend to file fewer claims and get fewer tickets. Teenage drivers are known to be careless and easily distracted in a vehicle and because of this, their car insurance rates are much higher.

Save money by taking advantage of these discounts

Properly insuring your vehicles can get expensive, but companies offer discounts to reduce the price significantly. A few discounts will automatically apply at the time of quoting, but lesser-known reductions have to be requested specifically in order for you to get them.

  • Clubs and Organizations – Participating in a professional or civic organization could qualify you for a break when buying car insurance on 528i coverage.
  • Multiple Vehicles – Buying coverage for multiple vehicles with the same company may reduce the rate for each vehicle.
  • Early Switch Discount – Some insurance companies reward drivers for switching to them prior to your current policy expiration. It’s a savings of about 10%.
  • Multi-policy Discount – If you insure your home and vehicles with the same company you could get a discount of up to 20% off your total premium.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
  • Senior Discount – If you’re over the age of 55, you may be able to get reduced rates on 528i coverage.
  • Defensive Driver – Taking a driver safety course can save you 5% or more if your company offers it.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts when compared to accident-prone drivers.

Keep in mind that some of the credits will not apply to the overall cost of the policy. Some only apply to individual premiums such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will cut the amount you have to pay.Car insurance in

For a list of insurers with discount car insurance rates, click here.

Can you really save $395 a year?

21st Century, Allstate and State Farm regularly use ads in print and on television. All the companies have a common claim that you’ll save big if you move to them. How does each company say the same thing? It’s all in the numbers.

Different companies have a certain “appetite” for the type of driver they prefer to insure. For instance, a profitable customer might be profiled as over the age of 40, owns a home, and drives newer vehicles. Any new insured who fits that profile gets the lowest rates and most likely will pay quite a bit less when switching companies.

Drivers who are not a match for the requirements will be charged more money and this can result in business going elsewhere. The ad wording is “drivers who switch” not “everybody who quotes” save money. That’s the way insurance companies can confidently state the savings.

That is why drivers must get as many comparisons as possible. Because you never know which company will provide you with the cheapest rates.

When should I use an insurance agent?

When it comes to buying the right insurance coverage, there really is no best way to insure your cars. Every insured’s situation is different.

For instance, these questions can help discover whether you may require specific advice.

insurance for 528i

  • Do I have coverage when using my vehicle for my home business?
  • How much liability do I need to cover my assets?
  • Am I covered when delivering products for my home-based business?
  • Does liability extend to a camper or trailer?
  • Will my rates increase for filing one claim?
  • Do I need special endorsements for business use of my vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, complete this form.

Final considerations

As you shop your coverage around, you should never buy less coverage just to save a little money. In too many instances, someone sacrificed comprehensive coverage or liability limits and learned later that it was a big mistake. Your strategy should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

We just showed you some good ideas how to shop for BMW 528i insurance online. The key thing to remember is the more times you quote, the better likelihood of reducing your rate. Drivers may discover the lowest premiums are with the smaller companies.

Cheaper BMW 528i insurance can be sourced online as well as from independent agents, so you should be comparing quotes from both to have the best rate selection. A few companies don’t offer online price quotes and these small insurance companies work with independent agents.