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 9, 2018

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Locating low-cost insurance for a new or used BMW X5 can turn out to be an all-consuming task, but you can use our insurance coverage buying tips to save time. There is a better way to buy insurance coverage so you’re going to learn the quickest way to compare rates for your BMW and locate the best price possible from local insurance agents and online providers.

It’s smart to take a look at other company’s rates before your next renewal because rates are adjusted regularly by insurance companies. Even if you think you had the best rate on X5 insurance a few years ago other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re going to get a crash course in the tricks you need to know to properly buy coverages and cut your premium.

How to shop auto insurance online

The majority of larger companies make it easy to get prices from their websites. Obtaining pricing is pretty painless as all you need to do is type in your personal and coverage information on the page. After you complete the form, the quote system pulls your credit score and driving record and generates a price based on the information you submitted.

Online price estimates streamlines rate comparisons, but the process of having to visit a lot of sites and type in the same information is a waste of time. But it is imperative to do this if you want to get a better rate.

The easy way to compare rates

A more efficient way to compare auto insurance pricing makes use of a single form to obtain quotes from multiple companies. It’s a real time-saver, eliminates form submissions, and makes comparison shopping much easier. Immediately after submitting the form, it is quoted with multiple companies and you can pick any one of the returned quotes. If the quotes result in lower rates, you can click and sign and buy the new coverage. The whole process can be completed in a matter of minutes and you will know how your current rates stack up.

To save time and compare rates now, click here to open in new window and submit your coverage information. If you have coverage now, it’s recommended you complete the form with the coverages as shown on your current policy. This guarantees you are getting comparison quotes based on the exact same insurance coverage.

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

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Do you qualify for discount car insurance?

Car insurance is easily one of your largest bills, but there may be some discounts that you may not even know about. Certain discounts will be applied at the time of quoting, but a few need to be inquired about in order for you to get them.

  • Paperless Signup – Many car insurance companies will give you a small discount for buying your policy on their website.
  • Safe Driver Discount – Accident-free drivers may save up to 50% more on X5 insurance than drivers with accident claims.
  • Multi-car Discount – Drivers who insure multiple cars or trucks on a single policy can reduce the rates for all insured vehicles.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in high school.
  • Buy New and Save – Putting car insurance coverage on a new car is cheaper because newer models keep occupants safer.

One thing to note about discounts is that some credits don’t apply to your bottom line cost. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, you aren’t that lucky.

A list of companies and some of the premium reductions they offer are outlined below.

  • Progressive may offer discounts for multi-policy, multi-vehicle, online quote discount, homeowner, continuous coverage, online signing, and good student.
  • MetLife policyholders can earn discounts including accident-free, good student, multi-policy, good driver, defensive driver, and claim-free.
  • Mercury Insurance offers premium reductions for low natural disaster claims, good driver, annual mileage, anti-theft, and accident-free.
  • Nationwide includes discounts for multi-policy, business or organization, anti-theft, family plan, good student, Farm Bureau membership, and easy pay.
  • GEICO may have discounts that include seat belt use, anti-lock brakes, defensive driver, air bags, good student, and five-year accident-free.
  • AAA discounts include AAA membership discount, good student, education and occupation, pay-in-full, and multi-car.

Before buying, ask each company the best way to save money. Some discounts listed above may not apply in your state.

What insurance coverages do I need?

When buying adequate coverage for your vehicles, there really is not a cookie cutter policy. Every situation is different.

These are some specific questions can help discover whether your personal situation might need professional guidance.

  • How can I force my company to pay a claim?
  • When do I need to add a new car to my policy?
  • Is my ex-spouse still covered by my policy?
  • How high should my medical payments coverage be?
  • Is my trailer covered?
  • Can my babysitter drive my car?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and can provide invaluable advice.

Parts of your car insurance policy

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, vandalism, hitting a deer, hail damage and damage from getting keyed. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like hospital visits, prosthetic devices, X-ray expenses, rehabilitation expenses and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage gives you protection from other drivers 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.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Auto liability insurance – This protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as attorney fees, pain and suffering, medical expenses, bail bonds and medical services. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.

Collision coverage – This coverage covers damage to your X5 resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, backing into a parked car, damaging your car on a curb and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

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

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Final considerations

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced uninsured motorist or liability limits and discovered at claim time they didn’t purchase enough coverage. Your goal is to purchase a proper amount of coverage at the best cost while not skimping on critical coverages.

Discount 2007 BMW X5 insurance is possible on the web and from local insurance agents, so get free car insurance quotes from both of them to get a complete price analysis. Some insurance companies may not offer price quotes online and most of the time these small, regional companies provide coverage only through independent agencies.

People change insurance companies for a variety of reasons including denial of a claim, not issuing a premium refund, high prices or an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right car insurance provider is not as difficult as it may seem.

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