Auto Insurance Quotes for a BMW X5 in Irvine

Has it been a year or more since you last compared quotes for low-cost BMW X5 insurance in Irvine? Tired of wondering where the money will come from to pay high insurance rates every month? You are no different than millions of other people.

Insurance rates BMW X5 in IrvineShocking but true, a large majority of consumers kept their policy with the same company for well over three years, and about 40% of consumers have never compared rates from other carriers. Irvine drivers could pocket approximately 35% a year, but most undervalue the amount of savings they would get if they replace their high priced policy.

How to find cheaper quotes for BMW X5 insurance in Irvine

The most effective way to get discount BMW X5 insurance is to regularly compare price quotes from providers who provide car insurance in Irvine.

  1. Learn about how insurance works and the steps you can take to keep rates in check. Many rating factors that increase rates like speeding and an unacceptable credit score can be rectified by making minor changes in your lifestyle.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can quote rates from many different companies.
  3. Compare the new quotes to your current policy premium to see if you can save by switching companies. If you find better rates, make sure coverage is continuous and does not lapse.

A key point to remember is to make sure you’re comparing identical deductibles and limits on each price quote and and to get rate quotes from every insurance company. Doing this provides a fair price comparison and maximum price selection.

Due to the increasing number of online and local companies to choose from, it is very difficult to choose the most cost effective insurance company.

The best way we recommend to compare rates for BMW X5 insurance in Irvine is to realize most of the larger companies allow for online access to give you rate quotes. The only thing you need to do is give them rating details like if you’re married, whether the vehicles are used for commuting, what you do for a living, and if a SR-22 is needed. That rating information is instantly sent to multiple different insurance companies and they respond with quotes very quickly.

To check BMW X5 insurance prices now, click here and complete the form.

The companies in the list below provide price quotes in California. To get the best car insurance in CA, we recommend you get price quotes from several of them to get a more complete price comparison.

Insurance statistics and figures

The data table displayed below covers different insurance costs for BMW X5 models. Having a better idea how auto insurance premiums are figured can help drivers make informed decisions when comparing rate quotes.

BMW X5 Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $348 $546 $442 $26 $132 $1,494 $125
X5 3.5D AWD $384 $630 $442 $26 $132 $1,614 $135
X5 4.8I AWD $384 $630 $442 $26 $132 $1,614 $135
X5 M AWD $456 $794 $442 $26 $132 $1,850 $154
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in specific location which can lower or raise price quotes substantially.

Policy deductibles

When buying insurance, a common question is which deductibles should you choose. The rates below summarize the rate difference when you select higher and lower deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $500 deductible.

BMW X5 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $478 $810 $442 $26 $132 $1,913 $159
X5 3.5D AWD $528 $932 $442 $26 $132 $2,085 $174
X5 4.8I AWD $528 $932 $442 $26 $132 $2,085 $174
X5 M AWD $624 $1176 $442 $26 $132 $2,425 $202
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BMW X5 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X5 3.0I AWD $348 $546 $442 $26 $132 $1,494 $125
X5 3.5D AWD $384 $630 $442 $26 $132 $1,614 $135
X5 4.8I AWD $384 $630 $442 $26 $132 $1,614 $135
X5 M AWD $456 $794 $442 $26 $132 $1,850 $154
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate quotes do not factor in zip code location which can decrease or increase coverage prices greatly.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $40 more each month or $480 for a full year averaged for all X5 models than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 10 months between claim filings, you would probably save some money if you choose a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $100 deductibles: $177
Average monthly premium for $500 deductibles (subtract): – $137
Monthly savings from raising deductible: $40
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

An important thing to remember is that higher deductibles results in more money out-of-pocket when you do file a claim. That will require enough disposable savings in the event you have to pay the deductible.

BMW X5 liability-only versus full coverage

The example below compares BMW X5 car insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on no violations or claims, $250 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no set guideline of when to stop paying for physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s say your BMW X5 replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If premium cost is more than $600 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Why do I need car insurance?

Even though it can be expensive, paying for car insurance is most likely required but also gives you several important benefits.

First, most states have mandatory insurance requirements which means the state requires specific limits of liability insurance in order to drive the car legally. In California 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 your vehicle has a loan, it’s guaranteed your bank will force you to have insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank will be required to insure your BMW at a much higher premium rate and force you to pay for the expensive policy.

Third, insurance safeguards not only your vehicle but also your financial assets. It will also pay for many types of medical costs that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of insuring your X5 are without a doubt worth the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver is overpaying over $865 each year so you should quote rates every year to help ensure money is not being wasted.

Smart Consumers Can Lower Their Insurance Costs

Many things are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving history, but some are less apparent such as whether you are married or your commute time.

Drivers with excellent credit save – A driver’s credit score can be an important factor in your rate calculation. So if your credit rating leaves room for improvement, you could save money insuring your BMW X5 by repairing your credit. Consumers who have excellent credit scores tend to be better drivers and file fewer claims than drivers who have lower credit ratings.

Older drivers are lower risk – Young drivers in California have been known to be more careless when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Having to add a teenage driver to your car insurance policy can increase premiums substantially. More mature drivers are more cautious drivers, statistically cause fewer accidents, and get fewer tickets.

The following data is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Save money with theft deterrents – Selecting a car model that has a built-in theft deterrent system can help lower your premiums. Advanced theft deterrents such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft and help bring rates down.

Eliminate extra policy coverages – There are a lot of add-on coverages that can add up but may not be useful. Add-on coverages like coverage for rental cars, towing coverage, and membership fees are probably not needed. These may sound like a good investment when discussing your needs, but if you don’t need them consider taking them off your policy.

Insurance premiums and driver gender – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Males and females are responsible for fender benders in similar numbers, but the male of the species have accidents that have higher claims. Men also statistically get ticketed for serious violations such as reckless driving. Male drivers age 16 to 19 tend to get in the most accidents so they pay the highest premiums.

The chart below compares BMW X5 yearly insurance costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, comp and collision included, $1,000 deductibles, single status, and no policy discounts are applied.

File policy claims and pay more – If you are the type of insured that files lots of claims you can look forward to increased rates or even have your policy non-renewed. Companies in California give the lowest premiums to insureds that do not abuse their auto insurance. Insurance coverage is intended for more catastrophic claims.

Pay more if you have a long commute – Choosing to live in less populated areas is a positive aspect if you are looking for the lowest rates. Fewer drivers and short commutes corresponds to lower accident rates. People who live in big cities have more traffic problems and higher rates of accident claims. Spending more time driving translates into higher accident risk.

Lower performance equals lower insurance rates – The make and model of the vehicle you are buying insurance for makes a huge difference in your auto insurance rates. The lowest base rates are usually found on lower performance four cylinder passenger cars, but many other things help determine your insurance rates.

The data below uses these variables: married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares BMW X5 rates compared to other models of vehicles that have different performance risks.

BMW X5 historical loss data – Insurers study historical loss data when they file their rates in each state. Vehicles that historically have higher frequency or amount of claims will have a higher premium rate. The table below shows the historical insurance loss data for BMW X5 vehicles.

For each insurance policy coverage type, the loss probability for all vehicles averaged together is set at 100. Percentage numbers below 100 suggest a better than average loss history, while percentages above 100 indicate more frequent losses or an increased probability of a larger loss.

Insurance Loss Ratings for BMW X5 Vehicles
Vehicle Make and 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

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Get cheaper BMW X5 insurance in Irvine with discounts

Auto insurance companies do not advertise the complete list of policy discounts in an easy-to-find place, so the list below contains some of the best known as well as some of the hidden credits available to bring down your rates. If you aren’t receiving every discount possible, you’re paying more than you need to.Cheaper auto insurance with discounts

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like you could get a free auto insurance policy, insurance companies wouldn’t stay in business.

The information below illustrates the difference between BMW X5 auto insurance rates with and without discounts. The data assumes a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, homeowner, multi-car, and multi-policy discounts applied.

Companies that possibly offer these money-saving discounts include:

When quoting, ask every insurance company which discounts you may be entitled to. A few discounts may not be offered in your state. To locate providers with discount auto insurance rates in California, click here to view.

Local neighborhood insurance agents

A lot of people just prefer to sit down with an agent. The best thing about getting online price quotes is that drivers can save money and get the best rates and still have a local agent.

Find insurance agent in IrvineTo find an agent, once you fill out this short form, your information gets sent to agents in your area who will give competitive quotes for your business. You won’t need to contact any agents because quoted prices will be sent to you. You can get cheaper auto insurance rates AND an agent nearby. If you have a need to get a comparison quote from a specific insurance company, don’t hesitate to navigate to their website and give them your coverage information.

Choosing the best company needs to be determined by more than just the bottom line cost. Get answers to these questions too.

If you would like to find a reliable insurance agency, you must know there are a couple different types of agencies and how they can service your needs differently. Auto insurance agencies are considered either independent or exclusive.

Exclusive Agencies

Agents that elect to be exclusive can only place business with one company like American Family, State Farm, and Allstate. These agents are unable to provide other company’s prices so they have no alternatives for high prices. They are usually well trained on their company’s products which aids in selling service over price.

The following are exclusive insurance agents in Irvine that are able to give rate quotes.

4000 Barranca Pkwy # 250Irvine, CA 92604(949) 262-3238View Map

4482 Barranca Pkwy #224Irvine, CA 92604(949) 552-6601View Map

4850 Barranca Pkwy #202Irvine, CA 92604(949) 559-0175View Map

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Independent Agencies or Brokers

These agents are normally appointed by many insurers so they can write business with many different companies and get the cheapest rates. If premiums increase, your agent can just switch to a different company and you don’t have to switch agencies.

When comparing auto insurance prices, you should always compare quotes from multiple independent agents so that you can do a thorough price comparison.

Shown below is a list of independent insurance agents in Irvine that are able to give price quote information.

2030 Main St #700Irvine, CA 92614(949) 358-6100View Map

4952 Warner AveHuntington Beach, CA 92649(714) 846-4231View Map

24 Executive Park Suite 250Irvine, CA 92614(888) 546-5118View Map

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What is the best auto insurance company in Irvine?

Selecting a highly-rated company is hard considering how many companies provide coverage in California. The ranking data in the lists below can help you select which auto insurers to look at buying from.

Top 10 Irvine Car Insurance Companies Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA of Southern California – 92%
  4. AAA Insurance – 91%
  5. Nationwide – 90%
  6. State Farm – 90%
  7. The Hartford – 89%
  8. GEICO – 89%
  9. The General – 88%
  10. 21st Century – 88%

Top 10 Irvine Car Insurance Companies Ranked by Claims Service

  1. AAA of Southern California
  2. State Farm
  3. Esurance
  4. AAA Insurance
  5. Progressive
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. Titan Insurance
  10. The Hartford

The most affordable rates come from being thorough

We just presented many ways to find cheap BMW X5 insurance in Irvine. The key thing to remember is the more quotes you get, the higher your chance of finding cheaper Irvine auto insurance quotes. You may even find the lowest priced car insurance comes from the smaller companies. Some small companies may often insure only within specific states and give better rates than their larger competitors like Allstate or State Farm.

When you buy Irvine auto insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, someone dropped uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at an affordable rate and still be able to protect your assets.

Steps to buying low-cost BMW X5 insurance in Irvine

If saving money is your primary concern, then the best way to get affordable auto insurance rates in Irvine is to compare quotes once a year from companies in California. Prices can be compared by completing these steps.

  1. Try to comprehend car insurance and the changes you can make to prevent expensive coverage. Many things that drive up the price like tickets, at-fault accidents, and poor credit history can be rectified by paying attention to minor details.
  2. Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can quote rates from multiple sources.
  3. Compare the new quotes to the premium of your current policy to see if a cheaper rate is available in Irvine. If you can save money and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Notify your company or agent of your decision to cancel your current auto insurance policy. Submit a completed application and payment to your new carrier. Once the application is submitted, keep the new certificate verifying proof of insurance in an accessible location in your vehicle.

One thing to point out is that you’ll want to make sure you compare similar limits and deductibles on each quote and to quote with as many auto insurance providers as possible. This enables an apples-to-apples comparison and a better comparison of the market.

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