View 2016 BMW X5 eDrive Car Insurance Rates

Did a good deal turn out to be an overpriced auto insurance policy? Trust us when we tell you there are lots of people in the same boat. With people having so many companies and agents to choose from, it is hard for the average consumer to locate a more affordable insurance company.

It is always a good idea to quote other rates yearly due to the fact that insurance prices change regularly. Just because you had the best quotes for X5 eDrive insurance last year there may be better deals available now. Block out anything you think you know about auto insurance because you’re about to find out the proper way to lower your rates without sacrificing coverage.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have a current insurance coverage policy or are just looking to switch companies, you will benefit by learning to reduce the price you pay and still get good coverage. Drivers just need to understand the best way to buy insurance coverage over the internet.

Verify you’re earning every discount

Some insurers don’t always list the entire discount list in a way that’s easy to find, so the below list has both well-publicized and the more hidden credits available to you. If you are not receiving all the discounts available, you’re paying more than you need to.

  • Auto/Home Discount – When you have multiple policies and insure them with the same company you will save up to 20% off your total premium.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of 25 to 30%.
  • College Student Discount – Kids who are enrolled in higher education away from home and won’t have access to an insured vehicle could get you a discount.
  • Multiple Vehicles – Purchasing coverage when you have several vehicles on one policy can reduce the rates for all insured vehicles.
  • Homeowners Pay Less – Just owning your own home may trigger a policy discount on auto insurance due to the fact that maintaining a home demonstrates responsibility.
  • Multi-line Discount – Companies who offer life insurance give a break if you buy life insurance.

It’s important to note that most of the big mark downs will not be given to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. Just because it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

The best auto insurance companies and a selection of discounts are shown below.

  • State Farm may include discounts for student away at school, defensive driving training, safe vehicle, driver’s education, anti-theft, and Drive Safe & Save.
  • Nationwide has discounts for defensive driving, easy pay, Farm Bureau membership, multi-policy, anti-theft, accident-free, and good student.
  • GEICO policyholders can earn discounts including federal employee, anti-theft, anti-lock brakes, military active duty, air bags, and membership and employees.
  • AAA may offer discounts for education and occupation, anti-theft, pay-in-full, AAA membership discount, multi-car, multi-policy, and good driver.
  • 21st Century offers discounts including driver training, 55 and older, early bird, theft prevention, automatic seat belts, student driver, and air bags.
  • The Hartford discounts include vehicle fuel type, good student, anti-theft, defensive driver, air bag, and driver training.

Before purchasing a policy, check with each company or agent which discounts can lower your rates. All car insurance discounts may not apply to policies in your state. To choose companies with discount auto insurance rates, click this link.

How car insurance companies calculate BMW X5 eDrive insurance costs

An important part of buying insurance is that you know some of the elements that go into determining your premiums. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

The following are a partial list of the pieces used by your company to calculate premiums.

  • Male costs may be higher – Statistics demonstrate that men are more aggressive behind the wheel. However, don’t assume that males are worse at driving than females. Men and women cause at-fault accidents in similar numbers, but the male of the species have costlier accidents. Men also statistically receive more major tickets like DWI (DUI) or reckless driving. Young men ages 16 to 20 tend to get in the most accidents so it costs more to insure them.
  • Vehicles with better crash test results save money – Vehicles with good safety scores tend to have better insurance rates. Safe vehicles result in less severe injuries and fewer serious injuries means less money paid by your insurance company which can result in lower premiums. If your BMW X5 eDrive has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may be receiving a better rate.
  • Never let your policy lapse – Having a lapse in insurance coverage will be a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, getting caught without coverage will get you a hefty fine and possibly a revoked license. You may then have to file a SR-22 with your state DMV.
  • Filing claims can cost you – If you are the type of insured that files lots of claims you can pretty much guarantee either policy cancellation or increased premiums. Insurance companies give most affordable rates to policyholders who file claims infrequently. Your insurance policy is intended to be relied upon for larger claims.
  • Marriage is a good thing – Getting married may earn you lower rates on your policy. Having a significant other is viewed as being more financially stable and statistics prove drivers who are married file infrequent claims.
  • Do thieves like your car? – Selecting a car model that has an advanced theft prevention system can help bring down rates. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft and help lower rates.
  • Multiple policies with one company can save – The majority of companies allow lower prices to customers who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, consumers should still shop around to verify if the discount is saving money. You may still be able to save even more than the discount even if you insure with multiple companies

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed. For instance, these questions may help highlight if your situation might need professional guidance.

  • Do I have newly-aquired coverage?
  • What is the ISO rating for a 2016 BMW X5 eDrive?
  • Where can I find DUI or SR-22 insurance?
  • What is PIP insurance?
  • Is extra glass coverage worth it?
  • How much liability insurance is required?
  • Can I make deliveries for my home business?
  • Is my camper covered by my car insurance policy?
  • Who is covered by my policy?
  • When does my teenage driver need to be added to my policy?

If you’re not sure about those questions but a few of them apply, 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. It only takes a few minutes and can help protect your family.

Car insurance coverage information

Having a good grasp of auto insurance can be of help when determining the right coverages at the best deductibles and correct limits. Auto insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverages offered by auto insurance companies.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your BMW X5 eDrive.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for bills for things like prosthetic devices, EMT expenses, pain medications, hospital visits and surgery. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability coverages

This coverage will cover damage that occurs to other’s property or people in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as loss of income, medical expenses, structural damage, court costs and emergency aid. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

Comprehensive coverages

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as falling objects, damage from a tornado or hurricane, hail damage and damage from flooding. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Knowledge is power

When shopping online for auto insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, someone sacrificed collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at the best cost, but do not sacrifice coverage to save money.

Throughout this article, we presented many ideas to lower your 2016 BMW X5 eDrive insurance prices. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding cheaper auto insurance. Consumers could even find that the biggest savings come from the least-expected company. Regional companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive and GEICO.

Even more information can be read by following these links:

Comments About 2016 BMW X5 eDrive Insurance

  1. Chanda Carney

    I found pretty cheap rate quotes for a 2016 BMW X5 eDrive in Tampa, FL. Ended up at darn near $250 every six months with Auto-Owners.

  2. Mose Bailey

    Good site, thanks. I’m from Charlotte, NC. Quoted quotes from AAA, Sentry, and a few others for my BMW and saved just over $120 a year. I even had a DUI years ago.

  3. Leslie William

    I chose to switch to State Farm from Amica. I live in Springfield, MO. Got better coverage too.

  4. Sara Blanchard

    Anyone buy from Amica? I’m in Rutland, VT.

  5. Shirleen Ayers

    If you have a good history and live around Fairbanks, Alaska, check out State Farm. I saved quite a bit. Was with American Family. :)

  6. Sacha Duffy

    I’m in the suburbs of Jacksonville, FL. Got car insurance rates from State Farm, Auto-Owners, and some I forget for my 2016 BMW X5 eDrive and I’m now saving $15 a month.

  7. Keena Parks

    Does Georgia require a SR-22 after a DUI?

  8. Larita Cook

    Corporate greed I’m telling you. Live in the northern part of Sioux Falls, SD. Got rates from AAA, Encompass, and Safeco for my X5 eDrive and saved $328 a year. Have a couple speeding tickets too. LOL

  9. Ismael Jefferson

    Not sure if this is cheap. I live just to the south of Henderson, NV. I don’t recall every quote but I ended up saving about $50 each month. I increased coverages a little too. It was easy to get rates.

  10. Roy Dotson

    In Cranston, Rhode Island, GEICO auto insurance rates for my 2016 BMW X5 eDrive were good. Left AAA to switch. Teenage drivers are expensive! I got prices on the web.

  11. Marjory Robertson

    I went with 21st Century at renewal. Best rates in Parkersburg, West Virginia. Still almost need a second mortgage.

  12. Lionel Snyder

    Live in the southern part of Las Vegas, NV. I quoted with GEICO, Auto-Owners, and Encompass for my BMW and I’m now saving $27 a month. Have a couple speeding tickets too. I quoted rates online then called them.

  13. Elvin Beach

    Located in Concord, NH. I got free prices from Amica, MetLife, and Travelers for my X5 eDrive and I think I saved about $50 each month. Was with Sentry.

  14. Caroyln Navarro

    Live in the southern part of Overland Park, KS. Quoted quotes from Allstate, Amica, and Eastwood for my X5 eDrive and I think I saved about $50 each month. It’s easy to compare rates online now.