2002 BMW X5 Car Insurance Rates

No one cherishes buying insurance, in particular when they are paying too much. Drivers have multiple auto insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, so many choices can make it hard to get the best deal.

Automobile Insurance Quotes

There are a lot of ways to compare insurance prices but some are less labor-intensive and much quicker. You can waste a few hours (or days) talking to insurance agencies in your area, or you could save time and use the internet to maximize your effort.

Many companies belong to an insurance system that enables customers to submit one quote, and each participating company returns a competitive quote based on that information. This prevents consumers from doing repetitive form submissions to each individual insurance company.

To compare pricing click here to open in new window.

The single downside to getting quotes like this is you can’t choose which providers to get quotes from. So if you want to choose from a list of companies to compare, we put together a list of companies who write insurance in your area. Click to view list.

Which method you use is up to you, but be sure to compare exactly the same quote information for every company. If you enter different liability limits it will be next to impossible to make an equal comparison.

When might I need the advice of an agent?

When it comes to choosing proper insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether your personal situation may require specific advice.

  • How much can I save by bundling my policies?
  • Does insurance cover damages from a DUI accident?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I drop comprehensive coverage on older vehicles?
  • What is PIP insurance?
  • Does car insurance cover theft of personal property?
  • Do I need replacement cost coverage on my 2002 BMW X5?
  • Which companies will insure high-risk drivers?
  • Do I need roadside assistance coverage?
  • Does my policy cover my teen driver if they drive my company car?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Parts of your auto insurance policy

Knowing the specifics of a auto insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages found on most auto insurance policies.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like hitting a bird, hail damage and a broken windshield. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto collision coverage

Collision insurance pays for damage to your X5 from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as sideswiping another vehicle, backing into a parked car, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses for ambulance fees, EMT expenses, surgery, funeral costs and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Liability

This provides protection from injuries or damage you cause to a person or their property that is your fault. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as bail bonds, funeral expenses and emergency aid. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.