Unimaginable but true, the vast majority of consumers kept their policy with the same company for more than four years, and approximately 40% of consumers have never quoted rates to find lower-cost coverage. With the average premium in California being $1,387, drivers could save an average of approximately 35% each year, but they just assume it's a time-consuming process to compare rates.
The best way to get cheaper auto insurance rates is to compare prices at least once a year from insurance carriers that insure vehicles in San Jose. Prices can be compared by following these steps.
First, gain an understanding of car insurance and the factors you can control to prevent expensive coverage. Many rating factors that cause high rates such as speeding tickets, accidents and a negative credit score can be rectified by making minor driving habit or lifestyle changes. Read the full article for more information to prevent expensive rate increases and get discounts that may be overlooked.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies.
Third, compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate in San Jose. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
Fourth, provide adequate notice to your current company to cancel your current car insurance policy. Submit a down payment along with a signed application to your new carrier. As soon as you have the new policy, store the proof of insurance certificate in an easily accessible location.
The most important part of this process is to compare the same liability limits and deductibles on every quote and and to look at as many companies as feasibly possible. Doing this guarantees a fair rate comparison and a good representation of prices.
The method we recommend to compare rates for BMW X5 insurance in San Jose takes advantage of the fact almost all companies provide online access to provide you with a free rate quote. To begin a comparison, all you need to do is provide information like if you went to college, how much coverage you want, whether your vehicle is owned or leased, and what you do for a living. Your information gets sent immediately to insurance carriers in your area and you should receive rate quotes within a short period of time.
To start a quote now, click here and complete the quick form.
The providers in the list below are our best choices to provide free quotes in San Jose, CA. If multiple providers are shown, it's highly recommended you get prices from several of them to get the best price comparison.
Car insurance analysis for a BMW X5
The data table displayed below covers estimates of insurance policy prices for BMW X5 models. Having insight into how rates are figured is important for you to make smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|X5 3.0I AWD||$458||$914||$574||$34||$172||$2,152||$179|
|X5 3.5D AWD||$506||$1052||$574||$34||$172||$2,338||$195|
|X5 4.8I AWD||$506||$1052||$574||$34||$172||$2,338||$195|
|X5 M AWD||$600||$1330||$574||$34||$172||$2,710||$226|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Table data does not factor in vehicle location which can lower or raise premium rates considerably.
Tickets and at-fault accidents raise rates
The example below shows how speeding tickets and at-fault claims can raise BMW X5 insurance costs for each age group. The premium estimates are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Do you need full coverage?
The information below shows the comparison of BMW X5 yearly insurance costs when comparing full coverage to state minimum liability only. The information is based on no accidents or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
When to buy liability coverage only
There is no definitive guideline to eliminate comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let's pretend your BMW X5 settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $5,000 after the policy deductible has been paid. If you are paying more than $500 a year for physical damage coverage, then you might consider buying liability only.
There are some conditions where buying only liability insurance is not financially feasible. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not drop full coverage.
What is the best car insurance coverage?
When quoting and choosing coverage online or from an agent, there really isn't a perfect coverage plan. Your financial needs are unique and your policy should reflect that. For instance, these questions might point out whether or not you would benefit from professional advice.
- Does my policy cover me when driving someone else's vehicle?
- Are my friends covered when driving my BMW X5?
- What are the liability requirements in my state?
- Do I have coverage for damage caused while driving under the influence?
- Do I need replacement cost coverage on my BMW X5?
- Why am I required to buy high-risk coverage?
- Is a driver training discount available?
- Are my company tools covered if they get stolen?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Can my teen drive my company car?
If you can't answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.
When to contact an insurance agency
A lot of people still prefer to talk to a local agent and that can be a great decision Licensed agents can help you choose the best coverages and give you someone to call. An additional benefit of price shopping on the web is you may find cheap rate quotes but also keep your business local. And providing support for small agencies is still important in San Jose.
Once you complete this simple form, your insurance data is sent to agents in your area who will gladly provide quotes and help you find cheaper coverage. It's much easier because you don't need to even leave your home due to the fact that quote results will go directly to you. If you want to compare prices from a specific insurance provider, you just need to search and find their rate quote page and fill out their quote form.
The difference between San Jose car insurance agents
When narrowing the list to find a good San Jose insurance agent, you must know there are a couple types of insurance agents and how they are slightly different. Agents are classified as either exclusive agents or independent agents. Both types of agents can write insurance policies, but it is a good idea to know how they differ since it could factor into buying decisions.
Independent Insurance Agencies
Agents of this type are not locked into one company so they can quote policies with an assortment of companies and get the cheapest rates. If prices rise, your policy is moved internally and that require little work on your part.
When comparing insurance rates, you absolutely need to get several quotes from at least one independent agent for maximum quote selection. They often place coverage with additional companies that you may not be familiar with that may provide cheaper insurance rates.
The following is a partial list of independent insurance agents in San Jose who may provide free rate quotes.
- Filice Insurance Agency
738 N 1st St - San Jose, CA 95112 - (408) 350-5700 - View Map
- Cya Insurance Agency From Sn
1271 Story Rd #50 - San Jose, CA 95122 - (408) 971-4172 - View Map
- HealthMarkets Insurance Agency
543 W Capitol Expy - San Jose, CA 95136 - (408) 441-7777 - View Map
Agents that choose to be exclusive can only provide one company's prices and some examples include Farmers Insurance or State Farm. Exclusive agents cannot provide rate quotes from other companies so you might not find the best rates. Exclusive agents receive a lot of sales training on sales techniques which aids in selling service over price. A lot of people buy insurance from these agents partially due to high brand loyalty rather than having the cheapest rates.
Listed below is a list of exclusive agencies in San Jose willing to provide price quotes.
- Allstate Insurance: Valentine Deleon
1425 Foxworthy Ave b - San Jose, CA 95118 - (408) 266-8500 - View Map
- Tina Choi - State Farm Insurance Agent
4300 Stevens Creek Blvd #130 - San Jose, CA 95129 - (408) 247-4713 - View Map
- Kathy Barber - State Farm Insurance Agent
5615 Cottle Rd - San Jose, CA 95123 - (408) 365-7268 - View Map
Picking an insurance agency requires you to look at more than just the quoted price. These questions are important to ask:
- Which insurance company do they prefer to write with?
- Are they properly licensed to sell insurance in California?
- Do they receive special compensation for putting your coverage with one company over another?
- Do they have a Better Business Bureau rating in San Jose?
- Is assistance available after office hours?
- Do they regularly work with personal auto policies in San Jose?