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 29, 2018

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Finding cheaper insurance for a new or used BMW X5 can normally be a painful process, but you can learn a few tricks to find lower rates.

There are more efficient ways to compare insurance rates and we’ll show you the quickest way to quote coverages for a new or used BMW and locate the lowest possible price from both online companies and local agents.

Consumers should take time to compare rates as often as possible because insurance prices trend upward over time. Just because you found the best price on X5 coverage six months ago the chances are good that you can find a lower rate today. Forget all the misinformation about insurance because you’re about to find out the best methods to find better coverage at a better price.

How to lower your auto insurance cost

Comparing auto insurance rates is a ton of work if you don’t know the most efficient way to do it. You could spend your day driving to local insurance agents in your area, or you could use the web for quick rates.

Most major companies are enrolled in a marketplace where insurance shoppers enter their policy data once, and each company can provide price quotes based on that data. This eliminates the need for quote forms for each company you want a rate for.

To fill out one form to compare multiple rates now click here to start a free quote.

One minor caviat to pricing coverage this way is you don’t know exactly which carriers to get quotes from. If you would rather choose individual companies to compare rates, we put together a list of auto insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use the exact same coverage limits for each price quote. If your comparisons have different coverage information it will be impossible to find the best deal for your BMW X5.

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

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Find hidden discounts on insurance

Insurance is not an enjoyable expense, but there could be available discounts to help bring down the price. Certain reductions will be credited when you purchase, but a few need to be asked about before being credited.

  • Cautious Drivers – Drivers who avoid accidents can save as much as half off their rates on X5 coverage than drivers with accidents.
  • Drive Less and Save – Fewer annual miles on your BMW can qualify you for lower prices due to less chance of an accident.
  • Life Insurance Discount – Companies who offer life insurance give lower premium rates if you buy a life policy as well.
  • Defensive Driver Discounts – Taking a course in safe driver could save 5% or more depending on where you live.
  • Lower Rates for Military – Being on active deployment in the military could trigger a small discount.
  • Passive Restraints – Factory air bags could see savings of 20 to 30 percent.
  • Braking Control Discount – Cars and trucks that have anti-lock braking systems can reduce accidents so you can save 10 percent or more.
  • Bundled Policy Discount – If you have multiple policies with the same insurance company you could save at least 10 to 15 percent or more.

It’s important to note that many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

To view insurers with the best insurance discounts, click this link.

Tailor your auto insurance coverage to you

When buying coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions could help you determine if your insurance needs could use an agent’s help.

  • Am I covered when driving on a suspended license?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I drive in a foreign country?
  • Is a fancy paint job covered?
  • Do I need PIP (personal injury protection) coverage in my state?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and may give you better protection.

Get cheaper insurance costs by understanding these factors

Many different elements are part of the equation when you get your auto insurance bill. Some are pretty understandable like a motor vehicle report, although some other factors are less apparent like your vehicle usage and annual miles driven.

  • Frequent car insurance claims increase premiums – If you are a frequent claim filer, you can look forward to higher rates. Companies provide lower rates to insureds who do not file claims often. Your insurance policy is intended for the large, substantial claims.
  • lapses raise prices – Letting your insurance expire can be a fast way to trigger a rate increase. Not only will you pay higher rates, being ticketed for driving with no insurance might get you fines and jail time. You may then be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • Pleasure use saves money – The higher the miles on your BMW each year the more you will pay for car insurance. Many insurance companies price each vehicle’s coverage determined by how the vehicle is used. Cars that sit idle most of the time can get a lower rate than cars that get driven a lot. An improperly rated X5 may be costing you. It’s a good idea to make sure your car insurance policy properly reflects the right rating data.
  • How many coverages with the same company – Most larger companies give better rates to insureds that buy multiple policies in the form of a multi-policy discount. Even if you qualify for this discount already, consumers should still get quotes from other companies to verify if the discount is saving money.
  • Policy add-ons may not be needed – There are a ton of add-on coverages that sound like a good idea at the time on your car insurance policy. Coverages for rental car coverage, accident forgiveness, and extra life insurance coverage could be just wasting money. The coverages may be enticing initially, but your money might be better spent on other coverage so consider taking them off your policy.
  • Insurance rates in urban areas – Choosing to live in a rural area can save you money if you are looking for the lowest rates. Less people means reduced accidents as well as less vandalism and auto theft. City drivers have congested traffic and more severe claims. More time behind the wheel means a statistically higher chance of an accident.
  • Liability coverage is peace of mind – Liability insurance provides coverage if you are responsible for personal injury or accident damage. It provides legal defense coverage which can cost a lot. It is affordable coverage compared to other policy coverages, so do not skimp.

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

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Don’t listen to company ads

Consumers can’t get away from all the ads that promise big savings by GEICO, State Farm and Progressive. They all tend to make the same promise of big savings if you change your car insurance coverage to their company.

How do they all sell you cheaper insurance coverage? Here is the trick they use.

Most companies have underwriting criteria for the type of customer that earns them the most money. For example, a profitable insured could be a married male, insures multiple vehicles, and has a short commute. Any person that fits those parameters receives the best premium rates and therefore will save money with a new company.

Consumers who may not quite match this stringent profile will be quoted higher premiums which results in the prospect going elsewhere. The ad wording is “drivers who switch” not “everybody who quotes” can get the lowest rates when switching. That’s the way insurance companies can confidently claim big savings.

Different companies use different criteria so drivers must get insurance quotes from several different companies. It’s just too difficult to predict which car insurance company will have the lowest rate quotes.

Car insurance coverages explained

Having a good grasp of a car insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage to your 2011 BMW X5.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverage

This coverage provides protection from damage or injury you incur to a person or their property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims such as pain and suffering, funeral expenses, legal defense fees, court costs and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as dental work, chiropractic care, surgery, doctor visits and EMT expenses. They are utilized in addition to your health insurance program or if you do not have health coverage. It covers you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive coverages

This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, damage from getting keyed, damage from flooding and hail damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for collisions

This coverage covers damage to your X5 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as backing into a parked car, colliding with another moving vehicle, sideswiping another vehicle, hitting a parking meter and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Quote often and quote early

Some insurance providers do not offer price quotes online and many times these smaller providers only sell coverage through independent agents. Budget-conscious 2011 BMW X5 insurance is attainable from both online companies and from local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money.

Consumers switch companies for many reasons like delays in paying claims, questionable increases in premium, being labeled a high risk driver and even policy non-renewal. It doesn’t matter what your reason, switching companies can be easier than you think.

We’ve covered many ways to compare 2011 BMW X5 insurance prices online. The most important thing to understand is the more you quote insurance, the better your chances of lowering your rates. Consumers may even find the best prices are with some of the smallest insurance companies.

More detailed insurance coverage information can be found at these sites: