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: Sep 7, 2018

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Searching for the cheapest auto insurance rates for your BMW X5? Saving money on Driversauto insurance can seem to be hard for drivers not familiar with comparison shopping online. People have so many agents and companies to choose from that it can easily turn into a lot of work to find the best rates.

It’s a great practice to do rate comparisons at least once a year because auto insurance prices are usually higher with each renewal. Just because you had the lowest price on X5 insurance last year you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the only way to properly buy coverages while reducing your premium.

Cheap car insurance

When shopping for car insurance there are multiple ways to get quotes from many available car insurance companies in your state. The fastest way to find the lowest 2005 BMW X5 rates is to use the internet to compare rates. This can be accomplished in several different ways.

  1. The fastest and easiest way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This style of form eliminates the need for multiple quote forms for every prospective company. One form submission will get you rate comparisons direct from many companies. It’s definitely the quickest method.
  2. A less efficient way to find more affordable insurance requires you to visit the website for every company you want to comare and fill out a new quote form. For example, let’s assume you need rates from Progressive, GEICO and American Family. To get rate quotes you would need to visit each site and enter your policy data, which is why the first method is more popular. To view a list of companies in your area, click here.
  3. The most time-consuming method to find and compare rates is to waste gas driving to insurance agents’ offices. Comparing online rate quotes reduces the need to sit down with an agent unless you have a need for the professional guidance that can only be provided by a licensed insurance agent. You can, however, comparison shop online and have a local agent actually service the policy.

You can choose any of those ways to find more affodable coverage, but make darn sure you compare the same coverage information for every quote you compare. If your comparisons have different data you will not be able to get a fair rate comparison. Even a minor difference in insurance coverages or limits could throw off the whole comparison. Keep in mind that comparing a large number of companies helps increase your odds of locating a lower rate than you’re paying now. Not every company allows you to get online quotes, so you also need to get prices from the smaller companies as well.

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

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Tailor your insurance coverage to you

When choosing proper insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine whether you may require specific advice.

  • Do I need higher collision deductibles?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does having multiple vehicles earn me a discount?
  • Am I better off with higher deductibles on my 2005 BMW X5?
  • What are the financial responsibility laws in my state?
  • Should I buy only the required minimum liability coverage?
  • What exactly is covered by my policy?
  • Does coverage extend to my business vehicle?
  • Does liability extend to a camper or trailer?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form.

Insurance policy coverages for a 2005 BMW X5

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive coverages

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a broken windshield, theft, damage from flooding, hitting a deer and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability coverages

Liability coverage provides protection from damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims like loss of income, medical services and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Collision insurance

Collision insurance pays for damage to your X5 caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like driving through your garage door, rolling your car, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills like pain medications, EMT expenses and surgery. They are used in conjunction with a health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Uninsured and underinsured coverage

This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your BMW X5.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.