2017 BMW X5 Insurance Rates in 2024 – 10 Ways to Save

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 27, 2024

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Are you frustrated by the crazy number of car insurance companies available to you? vehicle owners have so many choices that it can turn into a difficult mission to locate the lowest car insurance rates.

Buying car insurance is not rocket science. If you currently have car insurance, you will most likely be able to save some money using these methods. Nevertheless, drivers can benefit from knowing how big insurance companies sell insurance online.

The most recommended method to compare rates is to understand all the major auto insurance companies allow for online access to quote your coverage. All consumers are required to do is provide details including types of safety features, whether you are married, if your license is active, and how many miles driven. Those rating factors gets sent immediately to multiple different insurance companies and you get price estimates quickly.

If you wish to get multiple quotes for your car now, click here and find out if lower rates are available.

Double check you’re getting these ten discounts

Companies do not advertise every discount in a way that’s easy to find, so the following list contains both the well known and also the lesser-known credits available to you.

  • College Student Discount – who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a lower price if you buy life insurance from them.
  • Discount for Passive Restraints – Options like air bags could see savings of 20% or more.
  • Fewer Miles Equal More Savings – Driving fewer miles could earn substantially lower rates.
  • Anti-lock Brakes – Cars that have anti-lock braking systems can stop better under adverse conditions so companies give up to a 10% discount.
  • Senior Citizen Discount – Older drivers are able to get a small decrease in premiums for X5 insurance.
  • Discount for Home Ownership – Owning a home can save a few bucks because maintaining a house is proof of financial responsibility.
  • Paperless Signup – A few larger online companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • More Vehicles More Savings – Buying coverage for all your vehicles on the same car insurance policy can reduce rates for all insured vehicles.
  • Service Members Pay Less – Having an actively deployed family member may qualify for rate reductions.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as medical payments or collision. Just because you may think you can get free auto insurance, insurance companies wouldn’t stay in business. Any amount of discount will positively reduce your policy premium.

A few popular companies and a summarized list of policyholder discounts are included below.

  • GEICO discounts include anti-theft, defensive driver, membership and employees, anti-lock brakes, air bags, and five-year accident-free.
  • Mercury Insurance may include discounts for ease of repair, accident-free, good driver, multi-car, anti-theft, and location of vehicle.
  • Farmers Insurance offers discounts for switch companies, pay in full, bundle discounts, teen driver, and multi-car.
  • Auto-Owners Insurance policyholders can earn discounts including safe driver, paid in full, anti-theft, group or association, and good student.
  • Liberty Mutual offers discounts including multi-car, good student, safety features, newly retired, hybrid vehicle, and teen driver discount.
  • SAFECO has discounts for bundle discounts, accident prevention training, teen safe driver, anti-theft, and multi-car.
  • Progressive may offer discounts for online signing, continuous coverage, multi-policy, multi-vehicle, and homeowner.
  • USAA may have discounts that include safe driver, loyalty savings, driver training, annual mileage, defensive driver, and multi-vehicle.

If you want affordable insurance quotes, ask every prospective company the best way to save money. Some discounts might not be offered in your area. To view insurance companies that provide some of the discounts listed above, enter your zip code here.

Special considerations

When buying the right insurance coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different.

For instance, these questions may help you determine whether you might need professional guidance.

  • Is my BMW X5 covered if I use it for business?
  • How does medical payments coverage work?
  • Which companies will insure high-risk drivers?
  • Am I covered if I hit my neighbor’s mailbox?
  • When does my teenage driver need to be added to my policy?
  • Am I covered if I hit a deer?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete your zip code.

Coverage specifics

Understanding the coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be confusing and coverage can change by endorsement.

Comprehensive or Other Than Collision – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like falling objects, hail damage, fire damage, theft and a broken windshield. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage – Collision insurance will pay to fix damage to your X5 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a ditch, scraping a guard rail, damaging your car on a curb, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Medical costs insurance – Med pay and PIP coverage pay for expenses such as nursing services, ambulance fees, dental work, doctor visits and X-ray expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Auto liability insurance – Liability insurance will cover injuries or damage you cause to a person or their property. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.

Liability can pay for claims such as bail bonds, funeral expenses, court costs, attorney fees and loss of income. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

UM/UIM Coverage – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your BMW X5.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

At the end of the day…

We just showed you a lot of ways to lower your 2017 BMW X5 insurance car insurance rates. The key thing to remember is the more you quote insurance, the more likely it is that you will get a better rate. You may be surprised to find that the best car insurance rates are with some of the lesser-known companies.

Drivers switch companies for a number of reasons such as lack of trust in their agent, questionable increases in premium, policy non-renewal and high rates after DUI convictions. Regardless of your reason, switching auto insurance companies is not as difficult as it may seem.

Lower-priced 2017 BMW X5 insurance is attainable from both online companies and from local insurance agents, so you need to shop insurance with both to have the best chance of lowering rates. Some insurance companies don’t offer online quoting and these small, regional companies only sell coverage through independent agents.

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