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: Jun 16, 2018

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Searching for better auto insurance rates for your BMW X5? Shopping for budget auto insurance may be challenging for beginners to comparing prices over the internet. With so many options of companies, how can drivers be able to compare them all to find cheaper auto insurance rates?

Insurance coverage policy discounts you can’t miss

Companies don’t always publicize all disounts in a way that’s easy to find, so we break down both well-publicized and the more hidden credits available to you.

  • ABS and Traction Control Discounts – Cars, trucks, and SUVs with ABS braking systems or traction control are much safer to drive so you can save 10 percent or more.
  • Discounts for Multiple Vehicles – Drivers who insure all your vehicles on one policy could earn a price break for each car.
  • Telematics Discount – People who choose to allow driving data collection to study where and when they drive by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if their driving habits are good.
  • Homeowners Pay Less – Simply owning a home can get you a discount since home ownership is proof that your finances are in order.
  • Multiple Policy Discount – When you combine your auto and homeowners insurance with one company you may earn over 10 percent off each policy depending on the company.
  • Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Accident Forgiveness – This one is not really a discount per se, but certain companies may permit one accident before hitting you with a surcharge so long as you haven’t had any claims before the accident.
  • Driver Education Discount – Teen drivers should complete a driver education course as it can save substantially.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify for a discount when you quote car insurance for X5 coverage but check with your company.

As is typical with insurance, most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Even though it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy.

Companies and a partial list of their discounts are:

  • Progressive policyholders can earn discounts including online signing, good student, continuous coverage, multi-vehicle, and multi-policy.
  • Farmers Insurance has savings for early shopping, homeowner, electronic funds transfer, multi-car, and business and professional.
  • Farm Bureau may include discounts for multi-vehicle, renewal discount, 55 and retired, good student, safe driver, multi-policy, and youthful driver.
  • State Farm may offer discounts for student away at school, driver’s education, accident-free, good driver, multiple autos, and Steer Clear safe driver discount.
  • GEICO offers premium reductions for emergency military deployment, good student, multi-vehicle, membership and employees, air bags, and daytime running lights.
  • SAFECO may have discounts that include drive less, teen safety rewards, safe driver, anti-theft, bundle discounts, and teen safe driver.
  • Liberty Mutual offers discounts including safety features, multi-car, teen driver discount, preferred payment discount, hybrid vehicle, and good student.

When getting free car insurance quotes, it’s a good idea to every insurance company which discounts they offer. A few discounts might not apply in your area. If you would like to choose from a list of providers that offer the discounts shown above, click here.

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

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How to buy car insurance

There are multiple methods to shop for car insurance, but there is one way that is less time-consuming than others. You can spend your afternoon talking about coverages with insurance companies in your area, or you can stay home and use online quotes to achieve your goal.

Many companies participate in a marketplace where insurance shoppers complete one form, and every company returns a rated price based on that data. This eliminates the need for quote forms to every company. To access this free quoting program, click here to start a free quote.

One minor caviat to getting quotes like this is you can’t choose which companies you will receive quotes from. So if you want to choose specific insurance companies for rate comparison, we put together a list of car insurance companies in your area. Click here to view list.

It’s up to you which method you use, but be certain you are entering the same coverages for every company. If each company quotes mixed coverages it will be very difficult to determine the lowest rate for your BMW X5. Even a minor difference in insurance coverages may result in a large different in cost. Keep in mind that obtaining a wide range of quotes increases your odds of finding a lower rate than you’re paying now.

Insurance agents can help

When it comes to buying coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions can help discover whether your personal situation would benefit from professional advice.

  • Does liability extend to a camper or trailer?
  • What should my uninsured motorist coverage limits be in my state?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my cargo covered for damage or theft?
  • Do I have coverage when using my vehicle for my home business?
  • Why am I required to buy liability insurance?
  • How does medical payments coverage work?
  • Am I covered if I hit a deer?
  • If my 2004 BMW X5 is totaled, can I afford another vehicle?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverage breakdown

Knowing the specifics of your policy can help you determine the best coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, hitting a deer, hail damage and theft. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your 2004 BMW X5.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.


Liability coverage can cover damage that occurs to people or other property. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like medical expenses, funeral expenses and medical services. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Collision coverage protection

This coverage covers damage to your X5 resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like sustaining damage from a pot hole, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Medical expense insurance

Med pay and PIP coverage pay for immediate expenses for nursing services, rehabilitation expenses, prosthetic devices and hospital visits. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

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

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Get your money’s worth

When shopping online for insurance, you should never buy poor coverage just to save money. In too many instances, an insured cut uninsured motorist or liability limits only to discover later that it was a big error on their part. The proper strategy is to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

In this article, we presented some good ideas how to shop for 2004 BMW X5 insurance online. The key thing to remember is the more rate quotes you have, the higher your chance of finding cheap car insurance. Consumers may even find the lowest car insurance rates come from a small local company.

Consumers switch companies for a variety of reasons including high rates after DUI convictions, lack of trust in their agent, unfair underwriting practices or poor customer service. Regardless of your reason, switching insurance companies can be less work than you think.

Additional detailed information is available in these articles: