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 24, 2018

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Searching for cheaper insurance coverage rates for your BMW X5? Consumers that are new to buying insurance coverage online are likely to find locating low cost car insurance to be a formidable task.

If you have car insurance now, you should be able to save some money using this strategy. This article will teach you how to effectively get price quotes. Although vehicle owners can benefit by having an understanding of the way companies sell online and take advantage of how the system works.

How to shop auto insurance online

When shopping for auto insurance there are multiple ways to compare quotes from many auto insurance companies in your state. The recommended way to lower the rate you pay for BMW X5 insurance involves getting comparison quotes online. This is very easy and can be done using a couple different methods.

  1. If you are pressed for time, the simplest way to get quotes is an all-inclusive rate comparison click to view form in new window. This style of form keeps you from doing repetitive form submissions for each company you want a rate for. A single form gets you coverage quotes instantly. This is perfect if you don’t have a lot of time.
  2. A harder way to find better pricing requires a trip to each company website and get a separate price quote. For instance, we’ll pretend you want to compare rates from Auto-Owners, State Farm and GMAC. To do that, you would have to go to every website and repeatedly type in your coverage information, which is why most consumers use the first method. For a list of companies in your area, click here.

You can use whichever method you prefer to find lower rates, just do your best to enter nearly identical quote information for every company. If the quotes have different values for each quote it will be very difficult to get a fair rate comparison. Just a small difference in coverage limits may result in a large different in cost. And when price shopping your coverage, making a lot of price comparisons gives you a better chance of getting the best price. Some companies don’t provide price estimates online, so you also need to get price estimates from those companies as well.

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

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Good decisions result in lower insurance costs

Lots of things are taken into consideration when pricing auto insurance. Most are fairly basic like your driving record, but some are more obscure like where you live or your commute time.One of the most helpful ways to save on car insurance is to to have a grasp of some of the factors that help determine your car insurance rates. When you understand what influences your rates, this helps enable you to make changes that will entitle you to cheaper rates.

  • How much liability coverage – Liability coverage will provide protection if ever you are ruled to be at fault for personal injury or accident damage. This coverage provides legal defense coverage which can cost thousands of dollars. Liability insurance is pretty cheap compared to physical damage coverage, so buy as much as you can afford.
  • Compare rates if you bundle your policies – Some companies will give discounts to insureds who have multiple policies with them such as combining an auto and homeowners policy. The discount can add up to ten or even up to twenty percent in some cases. Even if you qualify for this discount already, it’s in your best interest to comparison shop to help ensure you have the lowest rates. You may still be able to find a better deal by buying insurance from more than one company.
  • Good drivers pay less – Drivers with clean records receive lower rates compared to drivers with tickets. Having a single citation may cause rates to rise twenty percent or more. Drivers with flagrant violations such as reckless driving or DUI may face state-mandated requirements to maintain a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
  • Older drivers save more – Older, more experienced drivers are proven to be safer behind the wheel, tend to file fewer claims , and are generally more financially stable.Teen drivers are proven to be more careless in a vehicle so they pay higher car insurance rates.
  • Physical damage deductibles – Physical damage insurance, aka comp and collision, covers damage that occurs to your BMW. Some instances where coverage would apply are a dented fender, collision with an animal, and rolling your vehicle. Physical damage deductibles are the amount of money you are required to spend before a claim is paid by your company. The more you choose to pay out-of-pocket, the less your company will charge you for insurance on X5 insurance.
  • Lower premiums with uninterrupted coverage – Letting your insurance expire is a fast way to bump up your car insurance costs. Not only will you pay higher rates, getting caught without coverage can result in a hefty fine and possibly a revoked license. You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Remove unneeded extra policy coverages – There are a lot of additional coverages that can waste your money if you don’t pay attention. Things like personal injury protection, towing coverage, and motor club memberships are probably not needed. They may sound like good ideas when discussing your needs, but now you might not need them so remove them and pocket the money.
  • Frequent policy claims increase rates – Insurance companies give the lowest premiums to policyholders who file claims infrequently. If you’re an insured who likes to file claims you can expect either policy cancellation or increased premiums. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.

Find hidden discounts on insurance coverage

Insurance coverage is neither fun to buy or cheap, but you may find discounts that you may not even know about. A few discounts will be applied when you complete an application, but occassionally some discounts must be asked about before they will apply.

  • Sign Online – Some of the larger companies may give you up to $50 for buying a policy and signing up over the internet.
  • Mature Driver Discount – Older drivers may be able to get a small discount on rates on X5 insurance.
  • Defensive Driver Discounts – Taking a class that teaches driver safety techniques could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Own a Home and Save – Owning a home can save a few bucks since owning and maintaining a home means you have a higher level of financial diligence.
  • Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course as it can save substantially.
  • Distant Student Discount – Children who are enrolled in a college that is more than 100 miles from home and do not have a car may be able to be covered for less.
  • Membership in Organizations – Being a member of a qualifying organization could qualify you for a break on insurance coverage.

As a footnote on discounts, many deductions do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like adding up those discounts means a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts will cut your insurance coverage premiums.

Car insurance companies who might offer many of the previously listed discounts include:

Before purchasing a policy, check with each company or agent which discounts you may be entitled to. Some of the earlier mentioned discounts might not be offered in your state. For a list of insurance coverage companies with the best insurance coverage discounts, follow this link.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage, there really is not a one size fits all plan. Every situation is different.

For instance, these questions may help highlight whether you will benefit from professional help.

  • Can I drive in Mexico and have coverage?
  • Does medical payments coverage apply to all occupants?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Which companies will insure high-risk drivers?
  • Should I buy full coverage?
  • How much liability insurance is required?
  • If my pet gets injured in an accident are they covered?
  • When should I not file a claim?
  • Am I covered when driving on a suspended license?
  • Is a new car covered when I drive it off the dealer lot?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form.

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

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Car insurance coverages for a BMW X5

Learning about specific coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like dental work, funeral costs, rehabilitation expenses, doctor visits and surgery. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Liability car insurance

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as attorney fees, pain and suffering, medical services, legal defense fees and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your BMW X5.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive or Other Than Collision

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like hail damage, vandalism, falling objects, damage from a tornado or hurricane and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

Collision coverage will pay to fix damage to your X5 from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, hitting a parking meter, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Do the work, save more money

You just learned quite a bit of information on how to get a better price on 2015 BMW X5 insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding the cheapest car insurance. You may even find the best price on insurance is with a company that doesn’t do a lot of advertising.

As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many instances, an insured dropped liability coverage limits only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage for the lowest price.

People change insurance companies for a variety of reasons including poor customer service, extreme rates for teen drivers, lack of trust in their agent or high prices. Regardless of your reason for switching companies, finding a great new company can be easy and end up saving you some money.

More detailed insurance information can be found by following these links: