Insurance for BMW X5Want to learn a better way to compare low-cost BMW X5 insurance in Columbia? Are you burned out from sacrificing other expenses to insure your BMW every month? You have the same problem as the majority of other people in South Carolina.

A study showed that the vast majority of consumers renewed their policy with the same company for more than four years, and almost half have never taken the time to shop around. With the average auto insurance premium being $1,429, South Carolina drivers could cut their rates by 55% a year just by shopping around, but they don't know how much savings they would realize if they changed companies.

Since people have many choices of insurance companies that have cheap insurance for a BMW X5 in Columbia, it is hard for the average consumer to locate the best auto insurance company.

It's important to compare rates occasionally because auto insurance prices tend to go up over time. If you had the lowest price on BMW X5 insurance in Columbia on your last policy you can probably find a better rate now. You can find a lot of wrong information about X5 insurance online but I'm going to show you some solid techniques on how to slash your auto insurance rates in Columbia.

The are a couple different ways to obtain and compare prices from many available auto insurance companies in South Carolina. The easiest way to find affordable BMW X5 insurance rates is to perform an online rate comparison.

Getting quotes online is very simple and it takes the place of having to physically go to local Columbia insurance agencies. Comparing BMW X5 insurance rates online makes this process obsolete unless you have a complicated situation and need the advice and guidance that only a licensed agent can provide. You can, however, get prices online and still use a local agent.

It's important to know that comparing a large number of companies provides better odds of finding a lower rate than you're paying now.

The companies shown below offer price comparisons in Columbia, SC. If multiple companies are shown, we recommend you visit two to three different companies in order to find the most competitive rates.

BMW X5 Insurance Estimates in Columbia, SC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $210 $358 $328 $20 $98 $1,014 $85
X5 3.5D AWD $228 $404 $320 $18 $96 $1,066 $89
X5 4.8I AWD $354 $590 $348 $20 $104 $1,416 $118
X5 M AWD $302 $632 $386 $22 $116 $1,458 $122
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Information does not factor in Columbia location which can alter coverage prices noticeably.

Rate comparison of males versus females

The diagram below compares BMW X5 auto insurance rates for male and female drivers. The premium estimates are based on no claims or violations, comp and collision included, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Should you raise deductibles?

When buying auto insurance, a common question is how high or low should comp and collision deductibles be. The comparison tables below show the differences in premium rates when you select higher and lower deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

BMW X5 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $332 $524 $342 $20 $102 $1,345 $112
X5 3.5D AWD $366 $602 $342 $20 $102 $1,457 $121
X5 4.8I AWD $366 $602 $342 $20 $102 $1,457 $121
X5 M AWD $434 $762 $342 $20 $102 $1,685 $140
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BMW X5 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $204 $330 $342 $20 $102 $998 $83
X5 3.5D AWD $226 $380 $342 $20 $102 $1,070 $89
X5 4.8I AWD $226 $380 $342 $20 $102 $1,070 $89
X5 M AWD $268 $478 $342 $20 $102 $1,210 $101
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rates do not factor in Columbia location which can influence coverage prices significantly.

We can estimate from the data above that using a $250 deductible could cost the average driver approximately $33 more each month or $396 each year than quoting the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 23 months between claims, you would save more money if you elect the higher deductible.

Get cheaper rates by applying these nine discounts

Some insurance providers don't always publicize the entire discount list in an easy-to-find place, so the following is a list of both well-publicized and the more hidden savings tricks you should be using when you buy Columbia auto insurance online.Insurance discounts

Please keep in mind that most discount credits are not given to the overall cost of the policy. Most only cut specific coverage prices like comp or med pay. Despite the fact that it seems like all those discounts means the company will pay you, companies wouldn't make money that way. But any discount should help lower your overall bill.

A list of insurance companies and their offered discounts are outlined below.

Before buying, ask every prospective company the best way to save money. Some credits might not be offered in every state. To find insurance companies that provide some of the discounts listed above in South Carolina, click here.

Why you need quality insurance for your X5

Despite the high cost of buying insurance for a BMW X5 in Columbia, paying for insurance serves several important purposes.

The benefits of insuring your car more than offset the price you pay, specifically if you ever have a liability claim. But the average American driver is wasting up to $800 each year so you should quote your policy with other companies at least once a year to ensure rates are competitive.

Buying insurance from Columbia auto insurance agents

Certain consumers would prefer to buy from a licensed agent and that is recommended in a lot of cases An additional benefit of comparing insurance prices online is the fact that drivers can get cheap rate quotes but still work with a licensed agent. And buying from local agents is important particularly in Columbia.

Insurance agency in ColumbiaTo make it easy to find an agent, after completing this quick form, the coverage information is transmitted to companies in Columbia who want to provide quotes for your business. It simplifies rate comparisons since you won't have to leave your computer since rate quotes are delivered to you instantly. You can get cheaper insurance rates AND an agent nearby. If you want to get a price quote from a specific company, just go to their quote page and give them your coverage information.

When finding a local Columbia insurance agency, there are a couple of types of agencies and how they can write your policy. Insurance policy providers can either be independent (non-exclusive) or exclusive.

Independent Insurance Agencies or Brokers

Agents in the independent channel do not sell for just one brand so they can insure your vehicles through lots of different companies and get you the best rates possible. If you want to switch companies, the business is moved internally and you stay with the same agent.

If you are trying to find cheaper rates, it's recommended you get rate quotes from several independent insurance agents to ensure the widest selection of prices.

Listed below are Columbia independent agencies that may be able to give you free insurance rate quotes.

4700 Forest Dr - Columbia, SC 29206 - (803) 451-0076 - View Map

7340 Parklane Rd a - Columbia, SC 29223 - (803) 786-2224 - View Map

1700 Laurel St - Columbia, SC 29201 - (803) 799-9979 - View Map

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Exclusive Agencies

Exclusive agents generally can only insure with one company like American Family, State Farm, and Allstate. They are unable to compare other company's rates so they are skilled at selling on more than just price. Exclusive agents are well trained on their products and sales techniques which helps offset the inability to provide other markets.

Listed below are Columbia exclusive insurance agents that are able to give price quotes.

2321 Main St - Columbia, SC 29201 - (803) 254-7322 - View Map

504 Gervais St - Columbia, SC 29201 - (803) 250-4930 - View Map

6316 St Andrews Rd b - Columbia, SC 29212 - (803) 798-0404 - View Map

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Selecting a insurance agency requires you to look at more than just the price. Get answers to these questions too.

Detailed coverages of your auto insurance policy

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

Collision coverage protection

This will pay to fix damage to your X5 resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sustaining damage from a pot hole, hitting a parking meter, colliding with another moving vehicle, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible on your X5 to save money on collision insurance.

Medical costs insurance

Med pay and PIP coverage reimburse you for short-term medical expenses for doctor visits, pain medications, EMT expenses, hospital visits and dental work. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability car insurance

Liability coverage provides protection from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you from legal claims by others. Liability doesn't cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 which means $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things such as bail bonds, structural damage, funeral expenses, repair costs for stationary objects and repair bills for other people's vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford. South Carolina state minimum liability requirements are 25/50/25 but you should think about purchasing more liability than the minimum.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, damage from flooding, fire damage, damage from getting keyed and rock chips in glass. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

This protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your BMW X5.

Because many people have only the minimum liability required by law (which is 25/50/25), it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.