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...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Mar 19, 2018

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Price shopping your insurance coverage can seem to be frustrating for beginners to online insurance quotes. There are so many options available that it can turn into a burden to compare premium rates.

Finding the cheapest coverage is easy if you know what you’re doing. Just about every driver who buys insurance coverage will more than likely be able to cut their insurance bill. Nevertheless, car owners benefit from understanding how insurance companies sell online.

How to buy insurance coverage online

To find cheaper auto insurance quotes, there are several ways to compare rate quotes from different companies. The quickest method to find the lowest 2000 BMW X5 rates is to perform an online rate comparison. This is quite simple and can be completed using a couple different methods.

  • Hands down the most simple method to find the lowest comparison rates is a comparison rater form click here to open form in new window. This form eliminates the need for a different quote for every insurance coverage company. One form compares rates from multiple companies.It’s the quickest way to get rates.
  • A different way to get comparison quotes requires visiting each company website and get a separate price quote. For examples sake, let’s assume you want to get rates from USAA, Liberty Mutual and GEICO. You would be required to spend time going to each site individually to enter your coverage information, which is not fast way to get rate quotes. For a handy list of car insurance company links in your area, click here.
  • The most time-consuming way to price shop rates is driving around to different agent offices. Comparing rate quotes online eliminates this option unless you want the professional assistance of a local agent. Although you can obtain prices from the web but purchase the actual policy in an agency.

You can choose any of those ways to find more affodable coverage, but make sure you compare equivalent coverage information on every quote you get. If you enter different data it’s not possible to truly determine the lowest rate. Slightly different insurance coverages or limits could mean much higher rates. And when quoting insurance coverage, remember that more quotes increases the change that you will find more affordable insurance. Some smaller insurers to not give quotes online, so it’s necessary to compare quotes from them as well.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Insurance advertisements

Well-known insurance companies like Allstate and Progressive endlessly run ads in print and on television. All the companies make the same claim about savings if you change to their company. It sounds good, but how can they all make almost identical claims? Here is how they do it.

Insurance providers give the best rates for a prospective insured that is profitable for them. An example of a profitable customer might be between 25 and 40, has never had a policy lapse, and drives less than 5,000 miles a year. Someone that meets those criteria will qualify for the lowest car insurance rates and will probably cut their rates if they switch.

Potential customers who are not a match for the ideal profile may receive a higher premium with the end result being business going elsewhere. If you listen to the ad wording, they say “drivers who switch” but not “everyone who gets a quote” save the amount stated. That’s the way insurance companies can confidently state the savings.

This illustrates why drivers should compare price quotes frequently. Because without a comparison, you cannot know the company that will give you lower rates than your current company.

Take advantage of every car insurance discount

Companies offering auto insurance do not advertise all their discounts very clearly, so the list below details a few of the more well known and the more hidden credits available to bring down your rates. If you do not check that you are getting every discount you qualify for, you could be paying more than you need to.

  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
  • Discount for New Cars – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new model year vehicles.
  • Telematics Devices – Drivers who agree to allow their insurance company to scrutinize driving manner through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they exhibit good driving behavior.
  • Multi-Vehicle Discounts – Buying insurance for more than one vehicle with one company can get a discount on all vehicles.
  • Online Discount – Some of the larger companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Resident Student – Older children who attend college more than 100 miles from home and do not have a car can receive lower rates.
  • Active Service Discounts – Being on active duty in the military may lower your premium rates slightly.
  • Drivers Education – Teen drivers should successfully complete driver’s ed class as it will make them better drivers and lower rates.
  • Accident Free – Drivers who don’t have accidents pay less when compared with policyholders that have many claims.

A quick disclaimer, most discount credits are not given to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount should help reduce your overall bill.

Some companies that may include many of the previously listed discounts possibly include:

If you need lower rates, check with every company which credits you are entitled to. Some discounts listed above might not be available to policyholders everywhere.

How to know if you need help

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different.

For instance, these questions may help highlight whether you could use an agent’s help.

  • Who is covered by my policy?
  • Do I have any recourse if my insurance company denies a claim?
  • Why am I required to buy high-risk coverage?
  • Who is covered when they drive my 2000 BMW X5?
  • Am I covered when using my vehicle for business?
  • Why am I required to get a high-risk car insurance policy?
  • Do I need to file an SR-22 for a DUI in my state?
  • What is medical payments coverage?
  • Are my tools covered if they get stolen from my vehicle?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance coverage information

Learning about specific coverages of a insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement.

Comprehensive auto coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a broken windshield, hail damage and vandalism. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for nursing services, pain medications, prosthetic devices, surgery and doctor visits. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance covers damage to your X5 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 things such as damaging your car on a curb, crashing into a building and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Auto liability insurance

This coverage can cover damages or injuries you inflict on other’s property or people. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as repair costs for stationary objects, medical expenses, medical services and repair bills for other people’s vehicles. How much coverage you buy is your choice, but you should buy higher limits if possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW X5.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Save your cold hard cash

You just learned a lot of ways to get a better price on 2000 BMW X5 insurance. The key thing to remember is the more times you quote, the better chance you’ll have of finding cheap auto insurance. Consumers may even find the lowest priced insurance comes from the least-expected company.

Insureds switch companies for a number of reasons such as high prices, an unsatisfactory settlement offer, policy non-renewal and even not issuing a premium refund. It doesn’t matter why you want to switch finding a great new company is pretty easy and you might even save some money in the process.

When buying insurance coverage, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where drivers have reduced collision coverage and learned later that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage at a price you can afford.

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