2009 BMW X5 Car Insurance Rates – 5 Discounts for Cheaper Quotes

Searching for the cheapest insurance rates for your BMW X5? Saving money on Driversinsurance could be frustrating for drivers who have little experience comparison shopping online. Drivers have so many options available that it can easily turn into a ton of work to find the best prices.

These five discounts can lower your insurance coverage quotes

Some companies don’t necessarily list all possible discounts very clearly, so the list below gives a summary of some of the best known as well as the least known insurance coverage savings.

  • Resident Student – Children who live away from home at college and do not take a car to college may be able to be covered for less.
  • Membership in Organizations – Being a member of a civic or occupational organization may earn a discount on your bill.
  • New Vehicle Savings – Buying a new car instead of a used car is cheaper due to better safety requirements for newer models.
  • Telematics Devices – Drivers who elect to allow their insurance company to look at driving habits by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they have good driving habits.
  • Theft Prevention System – Cars equipped with anti-theft or alarm systems have a lower chance of being stolen and therefore earn up to a 10% discount.

As is typical with insurance, most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like comp or med pay. Despite the appearance that all those discounts means the company will pay you, you aren’t that lucky. Any amount of discount will lower the cost of your policy.

Larger insurance coverage companies and some of the discounts are detailed below.

  • State Farm policyholders can earn discounts including passive restraint, anti-theft, safe vehicle, Steer Clear safe driver discount, and multiple autos.
  • GEICO may have discounts that include multi-vehicle, multi-policy, air bags, anti-lock brakes, seat belt use, membership and employees, and good student.
  • Allstate offers discounts for auto/life discount, safe driver, teenSMART discount, eSmart discount, and economy car.
  • SAFECO may offer discounts for bundle discounts, teen safe driver, safe driver, teen safety rewards, and homeowner.
  • Farm Bureau includes discounts for driver training, youthful driver, safe driver, multi-vehicle, and multi-policy.
  • Progressive discounts include good student, online quote discount, online signing, multi-vehicle, continuous coverage, homeowner, and multi-policy.
  • AAA may include discounts for multi-car, good student, pay-in-full, anti-theft, multi-policy, AAA membership discount, and education and occupation.

If you are trying to find affordable car insurance quotes, ask all companies you are considering what discounts are available to you. A few discounts might not be available to policyholders everywhere.

Cheap car insurance

To find the best car insurance quotes, there are several ways to get quotes from local car insurance companies. The fastest way to find affordable 2009 BMW X5 insurance rates is simply to get online rate quotes. This is very easy and can be done in a couple minutes as outlined below.

  1. The easiest and least time consuming way to get quotes is a comparison rater form like this one (opens in new window). This type of form eliminates the need for a different quote for every company. Filling out one form gets you price quotes direct from many companies.It’s the quickest way to get rates.
  2. A more time consuming way to analyze rates requires visiting the website of each company to request a price quote. For instance, let’s assume you want to see prices from Farmers, 21st Century and American Family. To do that, you would have to take the time to go to each site to input your insurance information, and that explains why we recommend the first method. For a list of links to insurance companies in your area, click here.

The method you choose is up to you, but double check that you are using the exact same coverages with each company. If the quotes have mixed coverages it will be next to impossible to make an equal comparison. Just slight variations in coverage limits could mean much higher rates. It’s important to know that having more price comparisons increases the change that you will find the best offered rates.

Different people need different insurance coverages

When choosing proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions may help highlight whether or not you would benefit from professional advice.

  • Where can I get insurance after a DUI in my state?
  • Is my nanny covered when driving my vehicle?
  • How do I insure my teen driver?
  • Is pleasure use cheaper than using my 2009 BMW X5 to commute?
  • Do I need motorclub coverage?
  • How can I get high-risk coverage after a DUI?
  • Do I need medical payments coverage since I have good health insurance?
  • Am I covered when using my vehicle for business?
  • How much underlying liability do I need for an umbrella policy?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Educate yourself about insurance coverages

Having a good grasp of a insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision coverages – Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like hitting a parking meter, sideswiping another vehicle, crashing into a building and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your BMW X5.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Coverage for medical payments – Med pay and PIP coverage provide coverage for bills such as nursing services, rehabilitation expenses and pain medications. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive coverages – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like rock chips in glass, damage from a tornado or hurricane and hail damage. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverage – This coverage will cover damages or injuries you inflict on people or other property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims like repair costs for stationary objects, pain and suffering, attorney fees and bail bonds. How much coverage you buy is a personal decision, but buy as much as you can afford.

In the end, you save

Budget-friendly car insurance is definitely available online in addition to local insurance agencies, and you should compare price quotes from both to have the best selection. Some companies do not provide rate quotes online and usually these small, regional companies work with independent agents.

Insureds leave their current company for a variety of reasons including not issuing a premium refund, being labeled a high risk driver, policy non-renewal or high rates after DUI convictions. Regardless of your reason for switching companies, switching companies is pretty simple and you could end up saving a buck or two.

We covered a lot of information how to shop for 2009 BMW X5 insurance online. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the best prices are with an unexpected company.

For more information, feel free to browse the following helpful articles: