2008 BMW X5 Car Insurance Cost

No one cherishes buying insurance coverage, particularly when they are paying too much.

Companies like Progressive, State Farm and GEICO persitently shower you with catchy ads and it can be hard to see past the geckos and flying pigs and do the work needed to find the best deal.

Vehicle Insurance Comparison

To find the best car insurance prices, there are several ways to compare rate quotes from different insurance companies. The easiest way by far to find the lowest 2008 BMW X5 rates is to use the internet to compare rates. This can be done in a couple of different ways.

The most efficient way to get the best comparison quotes is a comparison rater form like this one (opens in new window). This form keeps you from doing multiple quote forms for each company. Just one form gets rate comparisons from several companies.

A less efficient way to compare rate quotes requires you to visit the website for every company you want to comare and complete a new quote form. For instance, we’ll pretend you want comparison quotes from Auto-Owners, Farmers and State Farm. You would have to visit each site to input your insurance information, which is why the first method is more popular.

To view a list of companies in your area, click here.

It’s your choice how you get your quotes, but make darn sure you compare the exact same coverages and limits for every quote you compare. If you have differing limits it will be very difficult to find the best deal for your BMW X5. Quoting even small variations in insurance coverages could mean much higher rates. And when price shopping your coverage, having more price comparisons will improve the odds of getting a better price.

Don’t miss these discounts

Companies do not list every discount in an easy-to-find place, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.

Multiple Cars – Having all your vehicles on one policy can get a discount on all vehicles.
Accident Free – Drivers with accident-free driving histories pay much less when compared with frequent claim filers.
Distant Student – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
Driver Safety – Completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
Driver’s Ed – Require your teen driver to successfully complete driver’s ed class in school.
Low Mileage – Driving fewer miles could qualify for discounted rates on garaged vehicles.
Air Bag Discount – Vehicles with factory air bags or motorized seat belts can get savings of up to 25% or more.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut individual premiums such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck.

To see a list of providers with discount auto insurance rates, click here to view.

When might I need help?

When buying coverage, there is no single plan that fits everyone. Every situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if you would benefit from an agent’s advice.

Is my trailer covered?
Do I get a pro-rated refund if I cancel my policy early?
How can I find cheaper teen driver insurance?
Are split liability limits better than a combined single limit?
Am I covered when driving in Canada or Mexico?
Can I rent a car in Mexico?
How do I buy GAP insurance?
When can I cancel my policy?

If you can’t answer these questions, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Learn about auto insurance coverages for a BMW X5

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for X-ray expenses, dental work and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage

This coverage pays for damage to your X5 resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, sustaining damage from a pot hole, crashing into a ditch and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Liability

Liability insurance will cover damage that occurs to a person or their property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage protects against things like court costs, structural damage and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as rock chips in glass, theft and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.