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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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

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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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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I really doubt anyone likes paying for car insurance, particularly when the cost is way too high. Online insurance companies like GEICO, Progressive and Allstate all promote huge savings with advertising and it can be hard to see through the deception and take the time to shop coverage around.

If you are insured now or are shopping for new coverage, you can use these tips to find better prices and possibly find even better coverage. Finding the best rates is quite easy. Consumers only need to know how to shop their coverage around online.

You may qualify for discounts

Car insurance can cost a lot, but companies offer discounts that can drop the cost substantially. Certain discounts will be applied when you get a quote, but less common discounts must be asked for prior to receiving the credit. If you do not check that you are getting every discount possible, you are not getting the best rate possible.

  • Mature Driver Discount – If you’re over the age of 55, you may receive a discount up to 10% on X5 M insurance.
  • Defensive Driving Course – Participating in a course teaching safe driver skills can save you 5% or more and make you a better driver.
  • Student Driver Training – Cut your cost by having your teen driver enroll in driver’s education as it will make them better drivers and lower rates.
  • Savings for New Vehicles – Adding a new car to your policy can save you some money because newer models are generally safer.
  • Active Military Service – Being on active deployment in the military may qualify for rate reductions.
  • Low Mileage – Low annual miles could be rewarded with better car insurancerates on cars that stay parked.

As a footnote on discounts, most discounts do not apply to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. Despite the appearance that all those discounts means the company will pay you, you aren’t that lucky.

The best car insurance companies and some of the discounts can be read below.

  • The Hartford offers discounts for bundle, driver training, air bag, vehicle fuel type, good student, anti-theft, and defensive driver.
  • American Family policyholders can earn discounts including bundled insurance, good driver, mySafetyValet, Steer into Savings, and early bird.
  • Progressive may offer discounts for continuous coverage, online signing, homeowner, multi-policy, online quote discount, and good student.
  • Travelers discounts include IntelliDrive, multi-policy, student away at school, good student, home ownership, and continuous insurance.
  • Farmers Insurance may have discounts that include early shopping, pay in full, distant student, switch companies, homeowner, teen driver, and good student.
  • USAA has discounts for good student, family discount, new vehicle, safe driver, loyalty savings, vehicle storage, and military installation.
  • Liberty Mutual has savings for multi-policy, newly retired, exclusive group savings, new move discount, and safety features.

Before purchasing a policy, check with every insurance company which discounts can lower your rates. Some discounts may not apply to policyholders in your area. To view insurance companies offering car insurance discounts, click here to view.

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

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How to buy insurance coverage

Effectively comparing insurance coverage prices is a ton of work if you don’t utilize the fastest way to get free quotes. You can spend your afternoon talking to insurance agencies in your area, or you could save time and use the internet to get rate comparisons in just a few minutes.

Many companies participate in an industry program that enables customers to enter their policy data once, and every company returns a competitive quote based on the submitted data. This prevents consumers from doing form submissions for each company.

To compare rates now click here to open in new window.

The only drawback to doing it this way is you don’t know exactly which carriers to get quotes from. So if you prefer to pick from a list of companies to compare prices, we have a listing of low cost insurance coverage companies in your area. Click to view list.

Which method you use is up to you, but be certain you are entering nearly identical quote data with every price quote. If you use different deductibles it’s impossible to get a fair rate comparison.

There’s no such thing as the perfect insurance policy

When it comes to choosing proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Every situation is different so this has to be addressed. These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Should I carry comprehensive and collision coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Why do I only qualify for high-risk insurance?
  • How does medical payments coverage work?
  • What is UM/UIM insurance?
  • Can I drive in Mexico and have coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I have combined single limit or split liability limits?
  • What companies insure drivers after a DUI or DWI?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.

The coverage is in the details

Knowing the specifics of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages found on most insurance policies.

Comprehensive or Other Than Collision

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

Comprehensive insurance covers things like hail damage, a broken windshield, fire damage, damage from getting keyed and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage

Collision coverage pays for damage to your X5 M resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sideswiping another vehicle, scraping a guard rail, driving through your garage door, sustaining damage from a pot hole and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses for doctor visits, nursing services, funeral costs, pain medications and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

UM/UIM Coverage

This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW X5 M.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Liability coverage

This provides protection from damages or injuries you inflict on other people or property in an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things like loss of income, bail bonds and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

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

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In conclusion

We’ve covered a lot of ways to lower your 2013 BMW X5 M insurance rates. It’s most important to understand that the more you quote car insurance, the higher the chance of saving money. You may even discover the lowest rates come from some of the lesser-known companies. They can often provide lower auto insurance rates in certain areas compared to the large companies like Allstate or State Farm.

Affordable 2013 BMW X5 M insurance can be found online and from local insurance agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who may not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agencies.

Even more information can be found at these sites: