Do you want to learn to get low-cost BMW X5 insurance in Philadelphia? Are you drained from robbing Peter to pay Paul to pay high auto insurance rates every month? You are in the same boat as millions of other drivers.
We don’t have to point out that fact that insurance companies want to keep your business as long as possible. People who shop around once a year will, in all likelihood, switch auto insurance companies because they have a good chance of finding a policy with more affordable rates. Remarkably, a study showed that drivers who routinely shopped for cheaper coverage saved about $860 a year compared to drivers who never shopped for cheaper rates.
If finding the lowest price on auto insurance in Philadelphia is your ultimate objective, then learning a little about how to get free comparison quotes and analyze insurance coverage can help simplify the task of finding more affordable coverage.
Big companies like GEICO, Farmers Insurance and State Farm persitently shower you with ad campaigns and consumers find it hard to ignore the propaganda and find the best price available.
It’s a great practice to get comparison quotes before your next renewal due to the fact that insurance prices fluctuate regularly. Even if you think you had the best deal on BMW X5 insurance in Philadelphia a couple years back you may be paying too much now. Block out anything you think you know about auto insurance because you’re about to find out the fastest and easiest way to save money, get proper deductibles and limits, all at the lowest rate.
Why You Might Pay Inflated Rates in Philadelphia
Consumers need to have an understanding of some of the things that come into play when calculating the level of your policy premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that can help you get lower rates.
The items below are some of the things companies use to determine your premiums.
- Claim-free discounts can add up – If you frequently file small claims, you should expect either higher rates or even cancellation. Auto insurance companies in Pennsylvania provide discounts to drivers who are claim-free. Auto insurance is intended to be relied upon for larger claims.
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Premiums go up with performance – The type of car you need insurance for makes a significant difference in your premium level. The lowest rates will normally be found when insuring lower cost passenger models, but other factors influence the final cost greatly.
The following chart assumes a single female driver age 30, full coverage with $100 deductibles, and no discounts or violations. It shows BMW X5 car insurance rates compared to other vehicles that have a range of risk factors.
- Combine home and auto and save – Some companies will give discounts to customers that purchase more than one policy, otherwise known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to compare other Philadelphia X5 insurance rates to confirm you are receiving the best rates possible.
- High credit history translates to low costs – Having a bad credit score is a large factor in determining what you pay for auto insurance. If your credit history can be improved, you could save money insuring your BMW X5 if you improve your credit rating. Insureds that have excellent credit scores tend to file fewer claims than those with worse credit.
- Allowing your policy to lapse raises premiums – Going without insurance is a quick way to drive up your policy premiums. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a license revocation or jail time. You may have to prove you have insurance by filing a SR-22 with the Pennsylvania motor vehicle department to get your license reinstated.
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Experienced drivers save more – Teen drivers in Pennsylvania are proven to be careless and easily distracted when behind the wheel so they pay higher auto insurance rates. Mature drivers have been proven to be more responsible, statistically cause fewer accidents, and are generally more financially stable.
The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
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Better drivers pay better prices – A bad driving record has a lot to do with how much you pay for insurance. Attentive drivers tend to pay less for car insurance than people who have multiple driving citations. Getting just one chargeable violation can increase rates to the point where it’s not affordable. Drivers unfortunate enough to have careless citations such as DUI or willful reckless driving may need to complete a SR-22 with their state’s department of motor vehicles in order to drive a vehicle legally.
The illustration below demonstrates how citations and fender-benders can raise BMW X5 insurance costs for different age categories. The premiums assume a married female driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
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BMW X5 insurance claim data – Insurance companies use claims history when determining insurance rates. Vehicles that have higher number or severity of losses will have a higher cost to insure. The table below demonstrates the historical insurance loss data for BMW X5 vehicles.
For each type of coverage, the claim probability for all vehicles combined as an average is equal to 100. Numbers below 100 suggest losses that are better than average, while percentages above 100 point to more frequent losses or tendency to have higher losses.
BMW X5 Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury BMW X5 4dr 2WD 131 110 153 BMW X5 4dr 4WD 126 81 164 65 57 67 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
To find cheap rates, there are a couple of ways to compare quotes from many insurance companies in Pennsylvania. By far the easiest way to find the cheapest insurance rates is to perform an online rate comparison.
Doing online rates comparisons is so easy that it replaces the need to spend time driving to different Philadelphia agent offices. The ability to buy insurance online eliminates this option unless you want the professional abilities that you can only get from talking to an agent. It is possible with some companies compare online quotes but buy from a local insurance agent. It’s important to know that more quotes helps improve the odds of finding a lower rate. Some companies don’t provide online rate quotes, so it’s necessary to compare rates on coverage from those companies, too.
The companies in the list below are our best choices to provide free quotes in Pennsylvania. If multiple providers are shown, we suggest you get price quotes from several of them to get the most competitive price.
BMW X5 detailed coverage information
The rate table below showcases different insurance coverage prices for BMW X5 models. Understanding more about how insurance quotes are determined can help you make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $224 | $400 | $346 | $20 | $104 | $1,094 | $91 |
| X5 3.5D AWD | $246 | $460 | $346 | $20 | $104 | $1,176 | $98 |
| X5 4.8I AWD | $246 | $460 | $346 | $20 | $104 | $1,176 | $98 |
| X5 M AWD | $292 | $580 | $346 | $20 | $104 | $1,342 | $112 |
| Get Your Own Customized Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise premiums considerably.
Policy deductibles
When shopping for car insurance, a common question is at what level do you set your deductibles. The following insurance rates can help illustrate the differences in price between high and low physical damage coverage deductibles. The first data table uses a $100 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $356 | $602 | $330 | $20 | $98 | $1,431 | $119 |
| X5 3.5D AWD | $392 | $694 | $330 | $20 | $98 | $1,559 | $130 |
| X5 4.8I AWD | $392 | $694 | $330 | $20 | $98 | $1,559 | $130 |
| X5 M AWD | $466 | $876 | $330 | $20 | $98 | $1,815 | $151 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $260 | $408 | $330 | $20 | $98 | $1,116 | $93 |
| X5 3.5D AWD | $286 | $468 | $330 | $20 | $98 | $1,202 | $100 |
| X5 4.8I AWD | $286 | $468 | $330 | $20 | $98 | $1,202 | $100 |
| X5 M AWD | $340 | $592 | $330 | $20 | $98 | $1,380 | $115 |
| Get Your Own Customized Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can change rates noticeably.
Based on the above data, using a $100 deductible could cost the average driver approximately $31 more each month or $372 every year than quoting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 13 months between claim filings, you would save more money by selecting a higher deductible.
How to calculate if a higher deductible is a good decision
| Average monthly premium for $100 deductibles: | $133 |
| Average monthly premium for $500 deductibles (subtract): | – $102 |
| Monthly savings from raising deductible: | $31 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $31 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
The example below illustrates how your choice of deductibles and can influence BMW X5 insurance premiums for each age group. The premiums are based on a married female driver, full coverage, and no discounts are applied to the premium.
Annual premiums for males versus females in Philadelphia
The information below shows the difference between BMW X5 premium costs for male and female drivers. The price estimates are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.
Why car insurance is not optional
Even though it can be expensive, car insurance may be required for several reasons.
First, almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability coverage in order to drive the car. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a lien on your BMW X5, it’s guaranteed your bank will require you to carry insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank may buy a policy for your BMW for a much higher rate and force you to reimburse them the higher premium.
Third, insurance protects not only your BMW X5 but also your assets. Insurance will also pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability coverage will also pay for a defense attorney if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance definitely exceed the price paid, especially if you ever need it. The average driver in Pennsylvania is currently overpaying as much as $800 each year so you should quote your policy with other companies each time the policy renews to be sure current rates are still competitive.
Discounts can help to save on BMW X5 insurance in Philadelphia
Car insurance is not cheap, but there’s a good chance there are discounts that you may not even be aware of. Some discounts apply automatically at the time you complete a quote, but once in a while a discount must be requested specifically prior to receiving the credit.
- Discounts for Federal Employees – Simply working for the federal government can earn a discount up to 10% depending on your company.
- Student in College – Youth drivers who attend college more than 100 miles from Philadelphia and do not have access to a covered vehicle may be insured at a cheaper rate.
- Early Switch Discount – Some larger companies give discounts for buying a new policy prior to your current X5 insurance policy expiring. You may see this discount when you get Philadelphia car insurance quotes online.
- Driver Training Discounts – Participating in a driver safety course could earn you a small percentage discount and make you a better driver.
- ABS Brakes – Cars and trucks that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Safe Driver Discounts – Drivers who don’t get into accidents can save up to 40% or more on their Philadelphia car insurance quote than drivers with accident claims.
It’s important to understand that most credits do not apply to the whole policy. Most cut individual premiums such as liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
The diagram below shows the difference between BMW X5 yearly insurance costs with and without discounts applied. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, Pennsylvania state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, safe-driver, claim-free, and multi-policy discounts applied.
Companies and their offered discounts include:
- GEICO may offer discounts for emergency military deployment, daytime running lights, federal employee, membership and employees, air bags, anti-lock brakes, and anti-theft.
- SAFECO offers discounts including anti-theft, homeowner, accident prevention training, safe driver, drive less, teen safety rewards, and anti-lock brakes.
- State Farm policyholders can earn discounts including anti-theft, Steer Clear safe driver discount, Drive Safe & Save, defensive driving training, good driver, student away at school, and accident-free.
- MetLife offers premium reductions for accident-free, claim-free, defensive driver, good student, good driver, multi-policy
- 21st Century has savings for teen driver, early bird, driver training, theft prevention, air bags, and 55 and older.
- Progressive includes discounts for homeowner, continuous coverage, multi-vehicle, good student, and online signing.
Before buying, ask all companies you are considering which discounts you may be entitled to. Depending on the company, some discounts may not be available in every state.
When to get advice from a local insurance agent
A lot of people prefer to have an agent’s advice and that is a personal choice. One of the great benefits of comparing rates online is that drivers can save money and get lower rates and still have an agent to talk to. Buying from local agents is important particularly in Philadelphia.
To find an agent, once you fill out this simple form, your coverage information gets sent to agents in your area who will gladly provide quotes for your insurance coverage. It’s much easier because you don’t need to contact an agency because quoted prices will be sent to your email. Get lower rates AND an agent nearby. If you wish to compare prices from a specific insurance company, feel free to go to their quote page and fill out the quote form the provide.
Exclusive or Independent: There is a difference
If you are wanting to find a local insurance agency, there are a couple of different types of agencies and how they can service your needs differently. Agencies in Philadelphia are categorized either independent or exclusive.
Independent Agencies or Brokers
Agents that elect to be independent are not employed by any specific company and that allows them to write policies through many companies and find you the best rates. To transfer your coverage to a different company, your agent can just switch to a different company and that require little work on your part.
If you are comparing rate quotes, it’s a good idea to compare quotes from at a minimum one independent agency for the best price selection.
Shown below are Philadelphia independent agencies that may be able to provide free car insurance quotes.
The Perzel Agency, Inc.
7338 Frankford Ave – Philadelphia, PA 19136 – (215) 335-6878 – View Map
Nationwide Insurance: Ferullo Insurance Agencies LLC
1636 S Front St – Philadelphia, PA 19148 – (215) 468-4116 – View Map
First Rate Insurance
7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive generally can only insure with one company and some examples include Allstate, State Farm and Farm Bureau. Exclusive agents cannot provide other company’s prices so always compare other rates. These agents are usually well trained on the products they sell which aids in selling service over price.
Listed below is a short list of exclusive agents in Philadelphia that are able to give rate quotes.
Les Moore – State Farm Insurance Agent
6750 N 5th St – Philadelphia, PA 19126 – (215) 224-4400 – View Map
Allstate Insurance: Bruce Datil
4201 I St – Philadelphia, PA 19124 – (215) 288-7992 – View Map
Brian Madalion – State Farm Insurance Agent
7208 Ogontz Ave – Philadelphia, PA 19138 – (215) 549-4900 – View Map
Finding the right insurance agent should depend on more than just a cheap price. The following questions are important to ask.
- How is replacement cost determined on your vehicle?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Where would your vehicle be repaired?
- Which members of your family are coverage by the policy?
- Do they review policy coverages at every renewal?
- How many years have they been established?
- Is the coverage adequate for your vehicle?
- Are they giving you every discount you deserve?
Once you have received satisfactory answers to all your questions as well as an affordable premium quote, you may have found a car insurance agent that is reputable and can adequately provide car insurance.
Do I just need basic coverages?
When it comes to buying your policy, there is no single plan that fits everyone. You are unique so your insurance should reflect that
For instance, these questions can aid in determining if you would benefit from an agent’s advice.
- Does my policy cover my teen driver if they drive my company car?
- Am I better off with higher deductibles on my BMW X5?
- What is the ISO rating for a BMW X5?
- Am I covered by my spouse’s policy after a separation?
- What does roadside assistance cover?
- If my BMW X5 is totaled, can I afford another vehicle?
- How much will a speeding ticket raise my rates?
- Do they offer discounts for home and auto coverage?
- How much liability coverage do I need in Pennsylvania?
- Is my BMW X5 covered for flood damage?
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier
Compare. Compare. Compare.
When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where someone dropped liability coverage limits and discovered at claim time that the small savings ended up costing them much more. Your goal should be to purchase a proper amount of coverage at the best cost, not the least amount of coverage.
We just covered a lot of techniques to reduce BMW X5 insurance premium rates online in Philadelphia. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may even discover the best price on auto insurance is with a small local company. These smaller insurers may often insure only within specific states and give better rates than their larger competitors like Progressive and GEICO.
Cheap BMW X5 insurance in Philadelphia is attainable on the web and from local insurance agents, and you should be comparing both to have the best selection. There are still a few companies who do not provide rate quotes online and usually these smaller companies only sell coverage through local independent agents.
More tips and info about auto insurance can be found in the articles below:
- Coverage Information (Progressive Insurance)
- Who Has Affordable Auto Insurance for Retired Military in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Drivers Over Age 50? (FAQ)
- How Much is Philadelphia Car Insurance for Drivers with Accidents? (FAQ)
- Who Has Cheap Car Insurance Rates for a Toyota Highlander in Philadelphia? (FAQ)
- Who Has the Cheapest Philadelphia Car Insurance for Police Officers? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Vehicle Size and Weight FAQ (iihs.org)
- Senior Drivers (Insurance Information Institute)