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: Oct 6, 2015

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Looking for better auto insurance rates? Shoppers have many options when shopping for the lowest priced BMW X5 insurance. They can either spend hours struggling with agents getting price quotes or utilize the internet to compare rates.

There are more efficient ways to find auto insurance online and we’ll show you the best way to get price quotes on a BMW and obtain the lowest price from both online companies and local agents.

Auto insurance discounts help cut rates

Car insurance companies don’t list every discount they offer very well, so the next list breaks down a few of the more well known and the harder-to-find credits available to lower your premiums when you buy car insurance online.

  • Senior Discount – Older drivers are able to get lower premium rates for X5 coverage.
  • Defensive Driver Discounts – Passing a course teaching safe driver skills could cut 5% off your bill depending on where you live.
  • Accident-Free Discounts – Drivers with accident-free driving histories can save substantially when compared to drivers with a long claim history.
  • Safe Drivers – Accident-free drivers can save up to 40% or more on their car insurance quote for X5 coverage compared to accident prone drivers.
  • ABS Braking Discount – Cars and trucks with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
  • Homeowners Savings – Just owning your own home can earn you a little savings because it demonstrates responsibility.

While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. Most only reduce the cost of specific coverages such as comp or med pay. Even though it appears you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will reduce your policy cost.

A partial list of companies that may offer policyholders many of the previously listed discounts include:

When getting free car insurance quotes, it’s a good idea to every insurance company which discounts they offer. Savings might not be offered on policies in every state. If you would like to view insurance companies with significant discounts, click here.

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

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Ways to get auto insurance quotes

Cutting your auto insurance rates is a fairly straight forward process. Consumers just need to spend a little time getting comparison quotes from some recommended companies. This can easily be done by following the guidelines below.

If you’re in a hurry, the quickest way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This style of form eliminates the need for a different quote for every company. A single, simple form will get you price quotes from auto insurance companies with the best prices. It’s definitely the quickest method.

A slightly less efficient method to obtain and compare quotes online is going to the website of each company and go through the quote process again. For examples sake, we’ll assume you want to see prices from Liberty Mutual, GEICO and Progressive. You would have to spend time going to each site individually and repeatedly enter your information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.

The least recommended method to get price estimates is making phone calls or going to insurance agencies in your area. Buying insurance online makes this unnecessary unless you require the professional abilities that can only be provided by a licensed insurance agent. Although, it is possible get the lowest quotes online but purchase the actual policy in an agency.

It’s up to you which method you use, but be sure to compare apples-to-apples coverages and limits on every quote you get. If you have different values for each quote it’s not possible to determine which rate is truly the best.

Learn how to find auto insurance for less

The best way to find cheaper auto insurance is to take a look at the different types of things that aid in calculating the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that could result in big savings.

  • Your age impacts your costs – Older drivers are shown to be more cautious, statistically cause fewer accidents and are safer drivers.Teen drivers are statistically proven to be inattentive and easily distracted when driving so they pay higher auto insurance rates.
  • Bundle policies and save money – Some companies will award better rates to customers who carry more than one policy. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you already get this discount, drivers will still want to check prices from other companies to help guarantee you have the best rates.
  • Annual mileage impacts rates – The more you drive your BMW each year the more you will pay for auto insurance. Most insurance companies calculate rates based on their usage. Cars that are left in the garage get more affordable rates compared to those used for work or business. An improperly rated X5 may be costing you. Ask your agent if your auto insurance policy reflects annual mileage.
  • Do males or females drive better? – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Women and men are in fender benders at about the same rate, but the men have accidents that have higher claims. Men also tend to receive more costly citations like DUI and reckless driving.
  • Insurance rates in urban areas – Living in a rural area is a good thing when trying to find low car insurance rates. Urban drivers have traffic congestion and longer commutes to work. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft.
  • Don’t let your policy lapse – Not having insurance is a misdemeanor and any future policy may cost more because you let your insurance expire. Not only will rates go up, getting caught without coverage may earn you fines and jail time.

Which is the best car insurance?

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different.

For instance, these questions can help discover if your situation could use an agent’s help.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Why do I need rental car insurance?
  • How can I force my company to pay a claim?
  • Should I have combined single limit or split liability limits?
  • Should I bundle my homeowners policy with my auto?
  • Is my babysitter covered when using my vehicle?
  • Should I rate my 2002 BMW X5 as pleasure use or commute?
  • Is borrowed equipment or tools covered if stolen or damaged?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form. It is quick, free and can provide invaluable advice.

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

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Car insurance coverages for a 2002 BMW X5

Understanding the coverages of a insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive insurance – This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, a broken windshield and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision – Collision coverage will pay to fix damage to your X5 from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like hitting a mailbox, sideswiping another vehicle, colliding with another moving vehicle, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to raise the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as nursing services, surgery and pain medications. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your BMW X5.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.

Auto liability – This will cover damage that occurs to other people or property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as court costs, bail bonds and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.

Save your hard earned cash

In this article, we covered some good ideas how you can save on 2002 BMW X5 insurance. The key concept to understand is the more you quote car insurance, the higher your chance of finding cheaper car insurance. You may even find the lowest prices come from some of the smallest insurance companies.

As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured cut collision coverage and learned later that it was a big mistake. The proper strategy is to buy a smart amount of coverage at the best cost and still be able to protect your assets.

Budget-conscious 2002 BMW X5 insurance can be found on the web and from local insurance agents, so you need to shop car insurance with both to get a complete price analysis. Some insurance companies don’t offer online quoting and many times these regional carriers only sell through independent agents.

More tips and info about insurance is available by following these links: