Auto Insurance Rates for a BMW X5 in San Antonio

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Insurance rates BMW X5 in San AntonioAre you doing reasearch to find more competitive BMW X5 insurance in San Antonio? Did you come to the realization that you have an overpriced auto insurance policy? Say no more because there are lots of people in the same boat.

We don't have to tell you that car insurance companies don't want their policyholders to compare prices. Insureds who do rate comparisons are likely to switch auto insurance companies because there is a high probability of finding coverage at a cheaper rate. A recent study showed that consumers who compared rate quotes regularly saved $70 a month as compared to drivers who never shopped around for cheaper prices.

If finding the cheapest price on BMW X5 insurance is your target objective, then learning a little about how to shop and compare car insurance can make it simple to find affordable coverage.

Having so many options when it comes to auto insurance, it is hard for the average consumer to find a lower cost auto insurance provider.

Most companies make it easy to get coverage prices on the web. Doing online price comparisons for BMW X5 insurance in San Antonio is quite easy as you simply enter the coverages you want into the form. After the form is submitted, their quoting system gets credit information and your driving record and generates pricing information based on the information you submitted. Using the web to get rates for BMW X5 insurance in San Antonio streamlines rate comparisons, and it is imperative to do this if you are searching for a better rate.

To quickly compare rates now, visit the companies below or click here to submit a quote request to multiple companies at once. To compare your current rates, we recommend you copy the insurance coverages identical to your current policy. This guarantees you're receiving rate quotes for similar coverage.

The companies in the list below offer free quotes in San Antonio, TX. If multiple companies are shown, it's highly recommended you visit as many as you can to get the best price comparison.

Insurance rate breakdown

The table displayed below outlines estimates of coverage prices for BMW X5 models. Having a better understanding of how insurance policy rates are formulated can be useful when making informed decisions when shopping around for a new policy.

BMW X5 Insurance Rates in San Antonio, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $234 $400 $366 $22 $110 $1,132 $94
X5 3.5D AWD $258 $462 $366 $22 $110 $1,218 $102
X5 4.8I AWD $258 $462 $366 $22 $110 $1,218 $102
X5 M AWD $306 $582 $366 $22 $110 $1,386 $116
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in vehicle location which can modify insurance rates noticeably.

The example below illustrates how your deductible choice and can impact BMW X5 insurance premiums for each different age category. The costs are based on a single male driver, comp and collision included, and no other discounts are factored in.

Full coverage rates vs. liability-only

The chart below compares BMW X5 annual premium costs with and without physical damage coverage. The rate quotes are based on a clean driving record, no claims, $250 deductibles, drivers are not married, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no clear-cut rule for excluding full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's assume your BMW X5 book value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If premium cost is more than $500 annually to have full coverage, then you may want to consider only buying liability coverage.

There are some cases where removing full coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Three good reasons to insure your BMW X5

Even though it's not necessarily cheap to insure a BMW in San Antonio, car insurance serves a purpose in several ways.

  • The majority of states have mandatory insurance requirements which means you are required to carry a minimum amount of liability coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your BMW X5 has a lienholder, almost all lenders will have a requirement that you buy insurance to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may have to buy a policy to insure your BMW at a more expensive rate and require you to reimburse them for the expensive policy.
  • Insurance safeguards both your vehicle and your assets. It will also cover hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having car insurance more than cancel out the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying more than $820 a year so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.

Specific coverage details

Understanding the coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages available from auto insurance companies.

Comprehensive (Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from a tornado or hurricane, hitting a bird and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.

Protection from uninsured/underinsured drivers

This provides protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your BMW X5.

Due to the fact that many Texas drivers have only the minimum liability required by law (30/60/25), it doesn't take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liability limits.

Collision protection

Collision insurance covers damage to your X5 from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as backing into a parked car, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible on your X5 to get cheaper collision coverage.

Liability car insurance

Liability insurance can cover damages or injuries you inflict on people or other property. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 30/60/25 that means you have $30,000 in coverage for each person's injuries, a per accident bodily injury limit of $60,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers things like structural damage, funeral expenses, bail bonds, medical services and legal defense fees. How much liability should you purchase? That is up to you, but consider buying as much as you can afford. Texas requires drivers to carry at least 30/60/25 but drivers should carry more coverage.

The next chart demonstrates why minimum state limits may not be high enough to adequately cover claims.

Medical expense insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses like surgery, hospital visits, ambulance fees and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible