Cheaper 2011 BMW X5 Insurance Rates

Overpriced BMW X5 insurance can sap your bank account and make it hard to pay other bills. Comparing rate quotes is a great way to slash your bill and have more diposable income.

Companies like Progressive, Geico and Farmers Insurance all promote huge savings with TV and radio ads and it can be hard to ignore the flashy ads and do the work needed to find the best deal.

It’s smart to do rate comparisons occasionally since prices are usually higher with each renewal. Even if you got the lowest quotes on X5 insurance six months ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the best way to properly buy coverages and cut your premium.

If you currently have car insurance, you will most likely be able to reduce your rates substantially using this strategy. Choosing the best insurance company for you is quite easy. But consumers must comprehend how companies sell insurance online and use this information to your advantage.

Auto insurance policy discounts you can’t miss

Not too many consumers would say auto insurance is affordable, but there could be available discounts that could drop your premiums quite a bit. Most are applied when you quote, but occassionally some discounts must be requested specifically before they will apply.

  • Good Drivers – Drivers who avoid accidents may save up to 50% more on X5 insurance as compared to drivers with claims.
  • Claim Free – Drivers who stay claim-free can save substantially as opposed to insureds who have frequent claims or accidents.
  • Membership in Organizations – Being in certain professional organizations is a simple method to lower premiums on your next renewal.
  • Renewal Discounts – A few insurance companies allow discounts for buying a policy before your current policy expires. You may see this discount when you get auto insurance quotes online.
  • Anti-lock Brake Discount – Cars and trucks with ABS braking systems or traction control have fewer accidents and qualify for as much as a 10% discount.
  • Theft Prevention System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and will save you 10% or more.
  • Safety Restraint Discount – Forcing all vehicle occupants to fasten their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Own a Home – Owning a home may trigger a policy discount on auto insurance since home ownership is proof of financial responsibility.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can avoid the installment charge.
  • Senior Citizen Rates – If you’re over the age of 55, you could receive a small discount on rates on X5 insurance.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, you’re out of luck.

A few popular companies and some of the premium reductions they offer can be read below.

  • State Farm offers discounts for driver’s education, passive restraint, multiple autos, safe vehicle, good driver, and accident-free.
  • American Family has savings for TimeAway discount, accident-free, good student, bundled insurance, good driver, and mySafetyValet.
  • AAA may have discounts that include AAA membership discount, pay-in-full, multi-policy, good driver, and education and occupation.
  • Geico has discounts for good student, seat belt use, military active duty, multi-policy, driver training, and daytime running lights.
  • Mercury Insurance offers discounts including anti-theft, annual mileage, age of vehicle, ease of repair, location of vehicle, multi-policy, and professional/association.
  • Farmers Insurance discounts include switch companies, bundle discounts, pay in full, good student, and mature driver.
  • Progressive may offer discounts for online quote discount, continuous coverage, homeowner, multi-vehicle, multi-policy, and good student.

When quoting, ask every prospective company what discounts are available to you. Depending on the company, some discounts may not be offered in your area. To find auto insurance companies who offer free auto insurance quotes, click this link.

Affordable insurance rate quotes online

The are a couple different ways to compare prices from all the different companies. The easiest way to comparison shop is to get quotes online. It’s really quite simple and can be done by using one of the methods below.

If you don’t have a lot of time, the easiest way consumers can make multiple comparisons is an all-inclusive rate comparison click to view form in new window. This quick form saves time by eliminating separate forms for every company. Taking the time to complete one form will return price quotes from multiple low-cost companies.

A harder way to compare prices requires a trip to each individual company website and repeat the quote process. For instance, let’s say you need rates from State Farm, Liberty Mutual and Allstate. You would have to spend time going to each site individually and repeatedly type in your coverage information, which can get rather old.

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

The last way of getting rate comparisons is to drive around to each insurance agency near you. Doing it all online reduces the need to sit down with an agent unless you require the peace of mind that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to obtain prices from the web and get advice from an agent in your area.

It’s your choice how you get your quotes, but do your best to use the exact same coverage data for every company. If the quotes have different coverage information you can’t possibly make an equal comparison. Slightly different insurance coverages or limits may result in a large different in cost. And when price shopping your coverage, making a lot of price comparisons will enable you to find a better price.

Educated choices result in lower insurance costs

An important part of buying insurance is that you know the rating factors that come into play when calculating your policy premiums. If you know what influences your rates, this empowers consumers to make smart changes that could result in cheaper rates.

  • Mileage impacts premiums – Driving more miles in a year the more you’ll pay to insure your vehicle. Most insurance companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that do not get driven very much can be on a lower rate level than cars that get driven a lot. A policy that improperly rates your X5 may be wasting your money. It’s a good idea to make sure your insurance coverage correctly shows annual mileage, because improper ratings can cost you money.
  • Tickets drive up premiums – Getting just one moving violation can boost insurance rates twenty percent or more. Attentive drivers get better prices as compared to those with violations. Drivers who get serious citations such as DUI or willful reckless driving may face state-mandated requirements to prove financial responsibility with the DMV in their state in order to legally drive.
  • Improve your credit history and save – An insured’s credit score can be an important factor in determining your rates. Insureds that have high credit ratings tend to be better risks to insure than drivers with poor credit. Therefore, if your credit rating leaves room for improvement, you could be paying less to insure your 2011 BMW X5 if you clean up your credit.
  • Discounts for married drivers – Having a significant other can get you a discount on your insurance policy. Having a significant other may mean you are more stable financially and statistics show married couples file fewer claims.
  • Don’t let your policy lapse – Driving your car without having proper coverage can get your license suspended and you will pay a penalty because you let your insurance lapse. Not only will you pay higher rates, the inability to provide proof of insurance might get you a revoked license or a big fine.
  • Prices are affected by your address – Living in less populated areas is a positive aspect if you are looking for the lowest rates. Fewer drivers on the road translates into fewer accident claims and also fewer theft and vandalism claims. Drivers in populated areas tend to have more auto accidents and a longer drive to work. The longer drive time means higher likelihood of an accident.
  • Vehicles with better crash test results means cheaper rates – Safe vehicles tend to have lower insurance rates. The safest vehicles reduce occupant injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates.
  • Don’t skimp on liability – Your insurance policy’s liability coverage is the protection if you are found liable for an accident. This coverage provides legal defense coverage to attempt to prove you were not liable. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.

Insurance agents can help

When it comes to choosing the best insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different so this has to be addressed. These are some specific questions may help highlight whether or not you will benefit from professional help.

  • Can I rent a car in Mexico?
  • Which companies will insure high-risk drivers?
  • Am I covered if hit by an uninsured driver?
  • What is the minimum liability in my state?
  • What if I don’t agree with a claim settlement offer?
  • Will my insurance pay for OEM parts?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • How does medical payments coverage work?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Car insurance coverage information

Learning about specific coverages of your insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types found on most insurance policies.

Auto liability

Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like court costs, loss of income, funeral expenses, repair bills for other people’s vehicles and medical services. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your 2011 BMW X5.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Collision insurance

This will pay to fix damage to your X5 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as sustaining damage from a pot hole, crashing into a ditch, rolling your car, sideswiping another vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverages

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as falling objects, theft, hitting a deer, a broken windshield and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as surgery, chiropractic care, hospital visits and EMT expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Pennies from heaven

We just presented a lot of tips how to lower your 2011 BMW X5 insurance premium rates. The most important thing to understand is the more you quote auto insurance, the better your comparison will be. Consumers may even find the biggest savings come from a smaller regional carrier. These companies may cover specific market segments cheaper than the large multi-state companies such as Progressive and Geico.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. There are many occasions where someone dropped liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Some insurance coverage companies do not provide the ability to get a quote online small, regional companies work with independent insurance agents. Affordable 2011 BMW X5 insurance can be found from both online companies in addition to many insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Much more information about insurance coverage is located at these links:

Comments About 2011 BMW X5 Insurance

  1. Taylor Moses

    Not sure if this is cheap. Found cheapest coverage with GMAC for my X5 and saved around $260 a year. Not sure about claim service.

  2. Sherril Blanchard

    I got quite a few price quotes for a 2011 BMW X5 in Spokane, Washington. Ended up at roughly $400 every six months with American Family. I got a quote from their website.

  3. Giselle Higgins

    I live south of Baton Rouge, LA. Don’t remember every company but I ended up saving about $40 each month.

  4. Williams Jenkins

    IT’S ALL TOO EXPENSIVE! I live just outside Columbia, South Carolina. I got free prices from American Family, Mercury, and some smaller one I can’t remember the name of for my X5 and I think I am saving around $60 each month. They offer free online rate quotes.

  5. Elba Stephens

    If you have a clean record and live near Overland Park, KS, check out 21st Century. You might get cheaper rates. I even had a DUI years ago. It never hurts to quote around.

  6. Milly Barron

    Lots of useful info here. I live in a small town just outside of Bridgeport, CT. Quoted with AAA, MetLife, and USAA for my BMW and saved just over $500 a year.

  7. Estella Kim

    Live in Kansas City, Missouri. I quoted with MetLife, Farmers, Allstate, and Amica for my X5 and I’m now saving $37 a month. Insured with Erie before.

  8. Fonda Burt

    What is Underinsured Motorist coverage?

  9. Gisela Burns

    From northwest of Cranston, Rhode Island. Quoted with Amica, Safeco, and Travelers for my 2011 BMW X5 and I think I saved about $40 each month. Not sure if rates are cheaper online or through an agent.

  10. Luther Walls

    I switched to GEICO. Quoted good rates in Lexington, KY. Insured with Allstate before. My new agent seems to be really good.

  11. Jonah Lloyd

    Does Allstate have good claim service?

  12. Ebonie Kidd

    If you’re a decent driver and are close to Dallas, TX, check out Allstate. You might save some money. Bought it from an online quote.

  13. Kari Potts

    From a town just southwest of Baltimore, MD. Quoted rates from American Family, Sentry, and some smaller one I can’t remember the name of for my BMW and saved $520 a year. A clean driving record helps. Not sure about claim service.

  14. Arnette Henderson

    Cheap car insurance? What’s that? I live in Columbus, OH. Compared quite a few companies. Saved roughly $50 a month. State Farm was the best choice for me. Was with Encompass.

  15. Jeffrey Davidson

    In Rochester, NY compare State Farm with Progressive and see which is best.

  16. Robbyn Witt

    I live just to the east of Los Angeles, California. I got free rates from Allstate, AAA, Esurance, and Liberty Mutual for my 2011 BMW X5 and saved $226 a year. I used their website to get prices.

  17. Carlos Flores

    Nice post. I’m in the west part of Springfield, Missouri. Got prices from AIG Insurance, Nationwide, and a few others for my X5 and I think I saved about $60 each month. My new agent seems to be really good. Not sure if rates are cheaper online or not.

  18. Gussie Larsen

    Liked the article. I’m from Kansas City, MO. Went online for free insurance quotes for a 2011 BMW X5. Ended up at about $230 savings annually. Went with State Farm. I have a teen driver too. Not sure if rates are cheaper online or through an agent.

  19. Blanch Compton

    I live just to the west of Boise, ID. Got car insurance quotes from Allstate, American Family, and Eastwood for my BMW and I’m now saving $55 a month. My new agent seems to be really good.