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: Oct 6, 2015

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

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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Being forced to pay for pricey auto insurance premiums can drain your monthly budget and force you to prioritize other expenses.

Insurance companies such as State Farm, Allstate, GEICO and Progressive continually hit you with ads and consumers find it hard to avoid their marketing magic and find the best price available.

If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Buying car insurance is not rocket science. But drivers must know how insurance companies sell online because it can help you find the best coverage.

Compare quotes for auto insurance

There are several ways to compare quotes from different companies. The fastest way to find competitive BMW X5 insurance rates consists of obtaining rate quotes online. This is very easy and can be done by using one of the methods below.

  1. If you don’t have a lot of time, the easiest way to get quotes for comparison is a comparison rater form click here to open form in new window. This method eliminates the need for separate forms for each company. One simple form will get you rate comparisons from auto insurance companies with the best prices.
  2. A different way to find more affordable insurance requires visiting each company website and fill out their own quote form. For example, we’ll assume you want comparison quotes from Allstate, Liberty Mutual and Progressive. You would be required to spend time going to each site individually and repeatedly enter your information, and that explains why we recommend the first method.

    For a list of links to companies insuring cars in your area, click here.

  3. The final way to shop rates is driving around to local insurance agencies. Doing it all online has made agencies unnecessary unless you require the trained advice that only a licensed agent can provide. Although, it is possible comparison shop online but have a local agent actually write the policy.

It’s up to you which method you use, but ensure you’re using apples-to-apples coverage information with each company. If the quotes have higher or lower deductibles you can’t possibly get a fair rate comparison. Just slight variations in limits can result in a big premium difference. Keep in mind that quoting more helps locate more affordable rates. Not every company allows you to get rate quotes online, so you also need to get price quotes from them as well.

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?

Insurance can cost an arm and a leg, but you might find some hidden discounts that you may not know about. Most are applied at the time you complete a quote, but some may not be applied and must be specially asked for prior to receiving the credit. If you do not check that you are getting every discount you deserve, it’s possible you qualify for a lower rate.

  • Bundle and Save – When you have multiple policies with one insurance company you could get a discount of at least 10 to 15 percent or more.
  • E-sign – Some larger companies may give you up to $50 get auto insurance on your computer.
  • No Claims – Good drivers with no accidents are rewarded with significantly better rates on auto insurance quote as compared to accident-prone drivers.
  • Seat Belt Usage – Drivers who require all vehicle occupants to use their safety belts can save 10% or more off the medical payments premium.
  • Low Mileage – Driving less could earn slightly better rates than normal.
  • Telematics Discount – Drivers who elect to allow their insurance company to spy on when and where they use their vehicle by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they exhibit good driving behavior.
  • Own a Home – Being a homeowner can save you money since owning and maintaining a home requires a higher level of personal finance.
  • Student in College – Children who are attending college and do not have access to a covered vehicle could qualify for this discount.
  • Savings for New Vehicles – Buying insurance on a new vehicle may earn a small discount due to better safety requirements for new vehicles.
  • Federal Employees – Simply working for the federal government may reduce rates when you quote auto insurance for X5 coverage with some car insurance companies.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So even though you would think adding up those discounts means a free policy, nobody gets a free ride.

If you would like to choose from a list of providers that offer many of these discounts, follow this link.

What insurance coverages do I need?

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out whether you might need an agent’s assistance.

  • Should I rate my 2014 BMW X5 as pleasure use or commute?
  • Do I have coverage if my license is suspended?
  • Should I buy more coverage than the required minimum liability coverage?
  • Am I covered by my spouse’s policy after a separation?
  • Why do I need rental car insurance?
  • Am I better off with higher deductibles on my 2014 BMW X5?
  • Do I need PIP coverage since I have good health insurance?
  • Does medical payments coverage apply to all occupants?
  • Do I need higher collision deductibles?
  • At what point should I drop full coverage?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of auto insurance companies in your area.

What affects BMW X5 insurance prices?

Many different elements are part of the calculation when you get a price on insurance. Some are pretty understandable like your driving record, although others are less obvious such as your credit history or your vehicle rating.

The list below includes a few of the things used by insurance companies to determine your prices.

  • Multiple policies with one company can save – Most insurance companies will give discounts to policyholders who have multiple policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, it’s always a smart idea to comparison shop to ensure the best deal.
  • Safer vehicles are cheaper to insure – Cars with five star safety ratings tend to have better insurance rates. Vehicles engineered for safety result in less severe injuries and reduced instances of injuries means lower claim amounts which can mean better rates for you.
  • Your address can influence price – Residing in small towns and rural areas is a good thing when shopping for auto insurance. People in densly populated areas tend to have more auto accidents and more severe claims. Fewer drivers on the road translates into fewer accident claims and lower theft and vandalism rates.
  • Are women or men drivers cheaper? – Statistics demonstrate that women are safer drivers than men. However, don’t assume that females are better at driving than males. Men and women are responsible for auto accidents at a similar rate, but the male of the species get into accidents with more damage. They also have more aggressive citations like reckless driving and DUI. Young males are several times more likely to be in an accident and are penalized with high insurance coverage rates.

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

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Auto insurance 101

Learning about specific coverages of your policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages offered by car insurance companies.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP reimburse you for immediate expenses like chiropractic care, nursing services, surgery, ambulance fees and hospital visits. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision coverage

This coverage pays for damage to your X5 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as damaging your car on a curb, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your BMW X5.

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

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as vandalism, damage from a tornado or hurricane and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability auto insurance

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like court costs, emergency aid, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

In the end, you save

When searching for cheaper auto insurance quotes, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where someone dropped collision coverage and discovered at claim time they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage at the best cost and still be able to protect your assets.

Cost effective 2014 BMW X5 insurance is available both online and from local agencies, so you need to quote auto insurance with both in order to have the best chance of saving money. Some insurance providers do not offer online rate quotes and many times these smaller companies only sell coverage through independent agents.

We just covered a lot of techniques to reduce 2014 BMW X5 insurance car insurance rates online. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the best price on auto insurance is with the smaller companies. These smaller insurers may have significantly lower premium rates on certain market segments than their larger competitors like State Farm and Allstate.

Additional auto insurance information can be found at these links: