2017 BMW X5 Insurance Rates – 10 Tips for Best Quotes

Trying to find better car insurance rates for your BMW X5? Overpriced car insurance can consume your checking account and force you to tighten up your finances. Comparing price quotes is a smart way to make ends meet.

There are many auto insurance companies to pick from, and though it is a good thing to have multiple companies, so many choices can make it hard to compare rates.

It’s a good idea to compare rates every six months due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you found the best deal for X5 insurance a few years ago there may be better deals available now. Forget all the misinformation about car insurance because you’re about to learn the proper way to save money, get proper deductibles and limits, all at the lowest rate.

Finding affordable protection is simple if you know the tricks. If you have a current auto insurance policy or need a new policy, you can use these techniques to get lower rates and possibly find even better coverage. Vehicle owners only need to know the most effective way to get comparison quotes online.

Ways to get car insurance rate quotes

Most companies give pricing online. Obtaining pricing is pretty easy as you simply enter into a form. When complete, their quoting system will obtain your credit score and driving record and generates a price based on these factors. This makes it simple to compare prices but the process of having to visit different websites and complete many quote forms is repetitive and time-consuming. But it’s also necessary to perform this step in order to find a better rate.

There is an easier way to compare rates

A less time-consuming method to lower your rates uses one simple form to obtain quotes from more than one company. It saves time, requires much less work on your part, and makes online price comparison a little more enjoyable. Once the form is submitted, your coverage is rated with multiple companies and you can pick your choice of the quotes that you receive.

If a lower price is quoted, you simply finish the application and buy the new coverage. The whole process can be completed in a matter of minutes and you will know how your current rates stack up.

If you want to use this form to compare rates, click here to open in a new tab and complete the simple form. If you have your current policy handy, we recommend you enter deductibles and limits exactly as they are listed on your policy. Doing this assures you will be getting a price comparison based on similar coverages.

Auto insurance quotes and discounts

Auto insurance is neither fun to buy or cheap, but you might already qualify for some discounts to help offset the cost. Many discounts should be triggered at the time of quoting, but a few must be specifically requested before you will receive the discount.

  • Theft Deterent System – Anti-theft and alarm system equipped vehicles are stolen less frequently and earn discounts up to 10% off your insurance coverage quote.
  • Military Rewards – Having a deployed family member could trigger a small discount.
  • Online Discount – A few larger online companies provide a small discount get insurance coverage on your computer.
  • Homeowners Discount – Just owning your own home can save a few bucks since home ownership is proof of financial responsibility.
  • Braking Control Discount – Vehicles that have steering control and anti-lock brakes have fewer accidents and will save you 10% or more.
  • Pay Upfront and Save – By paying your policy upfront rather than paying in monthly installments you may reduce your total bill.
  • Memberships – Having an affiliation with a qualifying organization is a good way to get lower rates on your bill.
  • Save with More Vehicles Insured – Buying a policy with multiple cars with the same company can reduce the rates for all insured vehicles.
  • Discount for Low Mileage – Keeping the miles down on your BMW can earn slightly better premium rates than normal.
  • Include Life Insurance and Save – Some insurance companies give a break if you buy a life policy as well.

While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. A few only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, that’s just not realistic. But any discount will positively reduce your policy premium.

The best auto insurance companies and some of the premium reductions they offer are included below.

  • The Hartford offers discounts including driver training, anti-theft, bundle, vehicle fuel type, air bag, and defensive driver.
  • American Family discounts include defensive driver, good student, mySafetyValet, TimeAway discount, and bundled insurance.
  • Progressive offers premium reductions for online signing, homeowner, multi-policy, online quote discount, and good student.
  • Travelers offers discounts for multi-car, new car, continuous insurance, early quote, good student, driver training, and multi-policy.
  • Farmers Insurance has savings for early shopping, pay in full, alternative fuel, distant student, multi-car, and business and professional.
  • USAA may offer discounts for multi-policy, loyalty savings, defensive driver, annual mileage, military installation, driver training, and vehicle storage.
  • Liberty Mutual policyholders can earn discounts including safety features, multi-car, preferred payment discount, exclusive group savings, multi-policy, newly married, and teen driver discount.

If you need affordable insurance coverage quotes, ask every company which credits you are entitled to. Some discounts might not be offered in your state.

Situations that may require an agent’s advice

When it comes to choosing the best auto insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique so this has to be addressed. For instance, these questions might help in determining if your insurance needs could use an agent’s help.

  • Do I need PIP coverage since I have good health insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I getting all the discounts available?
  • When would I need rental car insurance?
  • Will filing a claim cost me more?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Coverage specifics

Learning about specific coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.

Collision coverage

Collision insurance will pay to fix damage to your X5 resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sideswiping another vehicle, crashing into a ditch, damaging your car on a curb, hitting a mailbox and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Coverage for medical payments

Med pay and PIP coverage kick in for short-term medical expenses such as X-ray expenses, doctor visits, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from getting keyed, hail damage and damage from flooding. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as damage to your BMW X5.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.

Coverage for liability

Liability insurance protects you from damage or injury you incur to other’s property or people by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for 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. Some companies may use a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things such as legal defense fees, attorney fees, medical services, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Find Good Coverage for Less

Some insurance companies do not provide the ability to get a quote online small, regional companies work with independent insurance agents. More affordable insurance can be found both online as well as from insurance agents, so you need to compare both in order to have the best price selection to choose from.

When getting insurance coverage quotes online, do not skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

Additional information can be read on the following sites:

Comments About 2017 BMW X5 Insurance

  1. Kiersten Woodward

    Lifelong resident of North Charleston, SC. Quoted quotes from MetLife, Eastwood, Progressive, and Amica for my X5 and saved $474 a year.

  2. Victoria Lancaster

    Cheap car insurance? What’s that? I’m in the south part of Owensboro, Kentucky. Quoted with 21st Century, American Family, Erie, and The General for my X5 and I’m now saving $44 a month. Was with Eastwood. I get lower rates because of my clean driving record. God forbid I actually have a claim.

  3. Margery Morin

    Here’s my info. Located in Chicago, IL. Got quotes from Mercury, Farmers, Progressive, and Auto-Owners for my X5 and I think I cut my rates about $50 each month. A clean driving record helps. Can still barely afford it.

  4. Gary Robinson

    Great site. Located in Reno, NV. Got free quotes online for a 2017 BMW X5. Ended up at about $160 savings annually. Went with State Farm. Insured with Western Auto Insurance before.

  5. Deadra Byers

    Lots of useful info here. I’m just east of Davenport, Iowa. Checked online prices for a 2017 BMW X5. Ended up at about $370 savings annually. Went with GEICO. Not sure if rates are cheaper online or through an agent.

  6. Marica Bennett

    From Aurora, IL. I quoted with AIG Insurance, Esurance, and Sentry for my 2017 BMW X5 and saved $529 a year.

  7. Breana Mcfadden

    Well-written and thought out article. I’m from New York City, NY. Quoted prices online for a 2017 BMW X5. Ended up at about $480 savings annually. Went with GEICO. Teenage drivers are expensive!

  8. Rozanne Santiago

    If you have a good history and are close to Kansas City, KS, check out Allstate. They seem to be cheaper. Thankfully I’m not a high risk driver. :P

  9. Vernie Campbell

    Lifelong resident of Phoenix, AZ. Quoted quotes from AIG Insurance, Sentry, and a few others for my 2017 BMW X5 and I think I cut my rates about $30 each month. Ask about discounts.

  10. Afton Clarke

    Not sure what I should be paying. Live in the southern part of Rochester, MN. Got car insurance rates from Progressive, Amica, and some I forget for my BMW and I think I saved around $70 each month.

  11. Shirlene Black

    Just my two cents. Checking in from Manchester, NH. I got free prices from USAA, AIG Insurance, GMAC, and Nationwide for my X5 and I’m now saving $18 a month. Insured with USAA before. I get a discount for insuring multiple vehicles. Not sure if rates are cheaper online or through an agent.

  12. Jake Fields

    Not sure if this is cheap. I live just outside Salem, OR. Compared quite a few companies. Saved darn near $30 a month. Progressive was the most affordable for me. Might find lower rates online.