Compare BMW X5 Insurance Rates in Kansas City

If saving money is your primary concern, then the best way to get low-cost BMW X5 insurance is to compare prices at least once a year from insurance carriers in Kansas City.

• Step 1: Try to understand the coverage provided by your policy and the factors you can control to lower rates. Many rating factors that increase rates such as traffic citations and a not-so-good credit history can be eliminated by making minor driving habit or lifestyle changes.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can provide rate quotes for a wide range of companies.
• Step 3: Compare the quotes to your current policy premium to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, ensure coverage does not lapse between policies.

A good tip to remember is to compare the same liability limits and deductibles on every quote request and and to look at as many different insurance providers as possible. Doing this guarantees the most accurate price comparison and many rates to choose from.

Unfortunately, over 70% of consumers kept buying from the same company for four years or more, and practically 40% of car insurance customers have never quoted car insurance rates at all. With the average car insurance premium being $1,847, American drivers could cut their rates by $859 a year, but they don’t want to take the time to compare rates and save money.

The companies shown below can provide free quotes in Missouri. If multiple companies are listed, it’s highly recommended you visit as many as you can to get the cheapest price.

Lower rate quotes by earning these five discounts

Insurance is easily one of your largest bills, but you may find discounts to help bring down the price. Some of these discounts will be visible at the time you complete a quote, but a few must be asked for before being credited.

• Safe Drivers – Insureds without accidents can pay as much as 50% less as compared to drivers with claims.
• Discounts for New Vehicles – Adding a new car to your policy is cheaper because newer vehicles have to meet stringent safety requirements.
• First Accident Forgiveness – This one isn’t a discount, but some companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
• Multi-Vehicle Discounts – Drivers who insure several vehicles with the same company can reduce rates for all insured vehicles.
• Service Members Pay Less – Having an actively deployed family member could mean lower prices.

Discounts lower rates, but most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as comp or med pay. Just because you may think it’s possible to get free car insurance, companies don’t profit that way.

The example below compares BMW X5 insurance costs with and without discounts applied to the policy premium. The prices are based on a male driver, no claims or violations, Missouri state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, safe-driver, multi-policy, and claim-free discounts applied.

If you would like to see a list of insurers offering insurance discounts in Missouri, click this link.

Auto insurance statistics and figures

The information displayed next highlights a range of insurance rates for BMW X5 models. Learning as much as possible about how insurance rates are established is important for you to make smart choices when selecting a coverage provider.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in zip code location which can revise rates noticeably.

Can higher deductibles save money?

When shopping for auto insurance, a common question is how high should the physical damage coverage deductibles be. The premium rates below may help to conceptualize the difference in cost between high and low insurance deductibles. The first table uses a $100 deductible for comp and collision and the second rate chart uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Missouri minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in specific location information which can lower or raise premiums considerably.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $37 more each month or $444 a year than requesting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 24 months between claims, you would more than likely save some money if you opt for a higher deductible.

Bad driving habits will cost you more

The illustration below demonstrates how speeding tickets and at-fault fender-benders raise BMW X5 insurance premiums for each age group. The premiums assume a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

Do you need full coverage?

The chart below compares BMW X5 insurance prices with and without physical damage coverage. The costs are based on no violations or accidents, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

When to switch to liability coverage only

There isn’t a written rule for eliminating full coverage, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your BMW X5 claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after the deductible is paid. If premiums are more than $300 annually to have full coverage, then you may need to consider dropping full coverage.

There are some conditions where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

Best car insurance in Kansas City

Buying coverage from a good quality auto insurance company can be difficult considering how many different companies insure vehicles in Kansas City. The company rank data in the lists below can help you pick which providers to look at purchasing a policy from.

Top 10 Kansas City Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. American Family – 88%
3. State Farm – 88%
4. Nationwide – 88%
5. 21st Century – 88%
6. AAA Insurance – 87%
7. Liberty Mutual – 87%
8. Farmers Insurance – 87%
9. The Hartford – 87%
10. Progressive – 87%

Top 10 Kansas City Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. State Farm
5. Liberty Mutual
6. Allstate
7. Safeco Insurance
8. 21st Century
9. Travelers
10. Titan Insurance