Statistics show that the vast majority of consumers have stayed with the same insurance company for at least four years, and 38% of customers have never quoted car insurance rates at all. Oklahoma drivers could save roughly 35% every year, but most undervalue how much savings they would realize if they switched to a more affordable policy.
It takes a little time, but the best way to find the cheapest price for car insurance rates is to regularly compare prices from different companies that insure vehicles in Oklahoma City.
- First, spend a few minutes and learn about how insurance companies determine prices and the measures you can control to prevent expensive coverage. Many factors that drive up the price such as traffic violations, accidents, and an imperfect credit score can be rectified by making small lifestyle or driving habit changes. Later in this article we will cover the details to help prevent expensive coverage and get discounts that may be overlooked.
- Second, request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple insurance companies. View insurance agents
- Third, compare the quotes to your existing rates to see if a cheaper price is available in Oklahoma City. If you can save some money and switch companies, verify that coverage does not lapse between policies.
- Fourth, notify your current company of your decision to cancel the current policy and submit a down payment along with a signed application to the new company. When you receive it, put the certificate verifying proof of insurance along with your vehicle registration.
One important bit of advice is to use the same level of coverage on every quote and and to analyze as many different insurance providers as possible. This helps ensure an apples-to-apples comparison and the best price selection.
Finding the cheapest insurance coverage in Oklahoma City is really quite simple as long as you have a good starting point. If you are already insured or just want to save money, you can learn to buy cheaper insurance and still have adequate protection. Comparison shoppers just need to learn how to get comparison quotes from many different companies online.
BMW X5 insurance coverage information
The rate table displayed below highlights detailed analysis of insurance costs for BMW X5 models. Understanding more about how auto insurance prices are figured can assist in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $374 | $674 | $470 | $28 | $140 | $1,686 | $141 |
| X5 3.5D AWD | $414 | $776 | $470 | $28 | $140 | $1,828 | $152 |
| X5 4.8I AWD | $414 | $776 | $470 | $28 | $140 | $1,828 | $152 |
| X5 M AWD | $490 | $980 | $470 | $28 | $140 | $2,108 | $176 |
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in specific location information which can affect auto insurance rates noticeably.
The information below highlights how deductible selection and can influence BMW X5 premium costs for each age group. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
How accidents and violations affect rates
The example below shows how traffic citations and accident claims drive up BMW X5 insurance premiums for each age group. The premiums are based on a single male driver, full coverage, $250 deductibles, and no policy discounts are applied.
Which car insurance company is best in Oklahoma?
Selecting a high-quality company can be a challenge considering how many different companies insure vehicles in Oklahoma. The ranking data in the next section could help you pick which auto insurers to look at when comparing rates.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Specific coverage details
Understanding the coverages of auto insurance can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording.
UM/UIM Coverage – This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and also any damage incurred to your BMW X5.
Because many people carry very low liability coverage limits (which is 25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Liability car insurance – Liability coverage provides protection from injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.
Liability coverage protects against things like bail bonds, legal defense fees, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but buy higher limits if possible. Oklahoma requires drivers to carry at least 25/50/25 but drivers should carry higher limits.
The chart below demonstrates why buying the state minimum limits may not be enough coverage.
Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things such as rock chips in glass, damage from a tornado or hurricane, falling objects, damage from getting keyed and vandalism. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision coverage – Collision insurance covers damage to your X5 from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as backing into a parked car, colliding with a tree, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible on your X5 to bring the cost down.
Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as nursing services, ambulance fees and doctor visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
One last note
Low-cost BMW X5 insurance in Oklahoma City is available both online in addition to many Oklahoma City insurance agents, so you need to shop Oklahoma City auto insurance with both in order to have the best chance of saving money. A few companies may not have price quotes online and these regional carriers only sell coverage through independent agencies.
As you quote Oklahoma City auto insurance, it’s very important that you do not skimp on coverage in order to save money. Too many times, consumers will sacrifice comprehensive coverage or liability limits only to find out that they should have had better coverage. Your goal should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.
We just covered some good ideas how you can save on BMW X5 insurance in Oklahoma City. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even find the most savings is with a lesser-known regional company.
More tips and info about car insurance can be found in these articles:
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has Cheap Oklahoma City Car Insurance Quotes for a Company Car? (FAQ)
- Who Has Affordable Car Insurance for a Nissan Altima in Oklahoma City? (FAQ)
- What Insurance is Cheapest for a Subaru Forester in Oklahoma City? (FAQ)
- How Much is Auto Insurance for Drivers Over Age 60 in Oklahoma City? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for 17 Year Olds in Oklahoma City? (FAQ)
- Who Has the Cheapest Car Insurance for Infrequent Drivers in Oklahoma City? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Senior Drivers (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)