2015 BMW X5 Car Insurance Rates

Looking for better insurance rates for your BMW X5? High-priced insurance can dry up your accounts and make it hard to pay other bills. Performing a price comparison is a great way to ensure you are getting the best deal.

Big companies like State Farm, Farmers Insurance, Geico and Allstate all claim big savings with advertising and consumers find it hard to see past the corporate glitz and find the best price available.

If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these methods. Choosing the best insurance company for you is quite easy. But car owners can benefit from knowing how insurance companies compete online and use this information to your advantage.

How to find the cheapest auto insurance

To find cheap prices, there are a couple of ways to compare rate quotes from lots of auto insurance companies. The recommended way to find the lowest 2015 BMW X5 rates is to get quotes online. This is very easy and can be done by using one of the methods below.

  1. One of the simplest ways to find the lowest comparison rates is to use a rate comparison form click to view form in new window. This quick form eliminates the need for separate quotation requests for each company. Filling out one form will return quotes from many national carriers.
  2. A different way to find better pricing is spending the time to visit the website of each company and fill out a new quote form. For example, let’s assume you need rates from Progressive, Allstate and Geico. In order to compare rates, you need to go to each individual site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The most time-consuming way to get price estimates is driving around to local insurance agencies. Buying insurance online has made agencies unnecessary unless you’re the type of person who wants the advice and guidance of an agent trained in personal lines coverage. You can, however, compare the best prices online but purchase the actual policy in an agency.

Whichever way you choose to compare rates, do your best to use the same coverage limits and deductibles on every price quote you get. If you compare different values for each quote then you won’t be able to make an equal comparison. Just a small difference in limits may result in a large different in cost. And when comparing auto insurance rates, know that getting more free quotes will enable you to find the best price.

Save money by earning discounts

Companies offering auto insurance don’t always advertise all possible discounts very clearly, so we researched both well-publicized and the harder-to-find credits that may apply to you.

  • Sign Early and Save – A few car insurance companies give discounts for buying a new policy before your current coverage expires. You may see this discount when you get auto insurance quotes online.
  • Seat Belt Usage – Drivers who require all vehicle occupants to buckle their seat belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • Anti-lock Brakes – Cars that have anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.
  • College Student – Youth drivers who live away from home to go to college and won’t have access to an insured vehicle may be able to be covered for less.
  • Savings for New Vehicles – Putting insurance coverage on a new car can cost up to 25% less compared to insuring an older model.
  • Smart Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally up to age 25.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.

A partial list of companies who may offer these money-saving discounts are:

Before you buy a policy, ask each company which discounts they offer. Some of the discounts discussed earlier might not be offered on policies in your area. For a list of car insurance companies that provide some of the discounts listed above, click this link.

Your auto insurance coverage should be tailored to you

When buying coverage, there really is no perfect coverage plan. Each situation is unique so this has to be addressed. For instance, these questions may help you determine whether your personal situation might need professional guidance.

  • Does having multiple vehicles earn me a discount?
  • Do I have newly-aquired coverage?
  • Is my 2015 BMW X5 covered for flood damage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered by my spouse’s policy after a separation?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I have coverage when using my vehicle for my home business?
  • When would I need additional glass coverage?
  • Do I have coverage when pulling a U-Haul trailer?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance specifics

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. These are typical coverage types offered by auto insurance companies.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW X5.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for expenses for prosthetic devices, ambulance fees, dental work, pain medications and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Liability coverages – Liability insurance provides protection from damage that occurs to people or other property by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has 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 values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as repair bills for other people’s vehicles, bail bonds, medical expenses and pain and suffering. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Comprehensive coverage – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as rock chips in glass, theft, a tree branch falling on your vehicle and a broken windshield. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage – This coverage will pay to fix damage to your X5 resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, damaging your car on a curb, colliding with another moving vehicle, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Shop. Compare. Save.

Lower-priced 2015 BMW X5 insurance can be sourced from both online companies in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies do not provide internet price quotes and many times these smaller companies only sell coverage through independent agencies.

We’ve covered a lot of techniques to reduce 2015 BMW X5 insurance rates online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost than their larger competitors like Allstate or State Farm.

Much more information about insurance coverage is located below:

Comments About 2015 BMW X5 Insurance

  1. Mardell Bush

    Will State Farm cancel if I have a claim?

  2. Kellie Russo

    I got quite a few price quotes for a 2015 BMW X5 in Rutland, Vermont. Ended up at darn near $320 every six months with Amica. It never hurts to quote around.

  3. Venetta Webster

    If you have a good history and are close to Eugene, OR, check out State Farm. They seem to be cheaper. Insured with Hartford before. I got a quote from their website.

  4. Hyon Rojas

    Here’s my quote info. I live just to the west of Louisville, KY. Quoted quotes with Progressive, Farmers, and Hanover for my BMW and I think I am saving around $60 each month. Good multi-policy discounts.

  5. Aaron Christensen

    I live just outside Warwick, Rhode Island. I got free prices from Liberty Mutual, Auto-Owners, Sentry, and a couple others for my X5 and am saving around $230 a year. I even had a DUI years ago.

  6. Nieves English

    I got a good deal I think. Lifelong resident of Providence, RI. Got free quotes online for a 2015 BMW X5. Ended up at about $520 savings annually. Went with 21st Century. :)

  7. Olimpia Wong

    Proud to be from Miami, FL. Compared rates from a lot of places. Saved darn near $60 a month. 21st Century was the most affordable for me. Insured with Travelers before.

  8. Ralph Osborn

    Good detail in your article. Found cheapest coverage with Hartford for my BMW and am saving around $190 a year. Left MetLife to switch.

  9. Kimberlie Hickman

    I live in a small town just outside of Charleston, West Virginia. Quoted a bunch of companies. Saved roughly $40 a month. GEICO was the cheapest for me. A clean driving record helps. Highly recommended.

  10. James Jimenez

    Mine is so expensive. I live in Newark, NJ. I got free rates from MetLife, Erie, Allstate, and AIG Insurance for my X5 and I’m now saving $27 a month.

  11. Leisha Cortez

    Cheaper not always better. From west side of Bangor, Maine. Got quotes with MetLife, Esurance, State Farm, and American Family for my X5 and saved just over $160 a year. Switched homeowners coverage too. God forbid I actually have a claim.

  12. Sunni Frederick

    Here’s my quote info. From Las Vegas, NV. Received quotes from 21st Century, American Family, and Eastwood for my BMW and saved just over $420 a year. Thankfully I have a good driving record.

  13. Angela Shannon

    Here’s what I found out. I’m in the suburbs of Kailua, Hawaii. Got quotes from Auto-Owners, Sentry, and a few others for my X5 and I’m now saving $64 a month.

  14. Vince David

    Hope my rates come down. Live in Juneau, AK. Compared rates from a lot of places. Saved about $30 a month. Progressive was the cheapest for me. I get lower rates because of my clean driving record.