Unbelievable but true, almost 70% of insureds kept their policy with the same company for over three years, and 38% of customers have never shopped around. Many drivers in Omaha could save themselves $390 a year just by shopping around, but they underestimate the rate savings if they switch to a new company.
If saving money is your primary concern, then the best way to find low-cost BMW X5 insurance in Omaha is to start comparing prices regularly from insurance carriers in Nebraska. You can compare prices by completing these steps.
- Read and learn about policy coverages and the measures you can control to prevent high rates. Many rating criteria that result in higher prices like at-fault accidents, speeding tickets, and an imperfect credit history can be amended by paying attention to minor details. Read the full article for additional ideas to prevent high prices and earn a bigger discount.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. 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 for a wide range of companies.
- Compare the price quotes to your current policy premium to see if a cheaper price is available. If you find better rates and buy the policy, make sure coverage does not lapse between policies.
- Give proper notification to your current agent or company to cancel the current policy. Submit payment and a completed application to the new company. As soon as you receive it, put the certificate verifying coverage with your vehicle’s registration.
An important bit of advice to remember is to make sure you’re comparing identical limits and deductibles on every quote and to quote with as many different companies as possible. This ensures the most accurate price comparison and a complete price analysis.
The purpose of this post is to teach you a little about how car insurance works and how to save the most money. If you currently have a car insurance policy, you should be able to find better prices using the concepts you’re about to learn. Comparison shoppers just have to know the proper methods to compare prices from many different companies online.
Compare Omaha BMW X5 insurance rate quotes online
Most major insurance companies allow consumers to get insurance quotes direct online. Getting online quotes for BMW X5 insurance in Omaha doesn’t take much effort because you just enter your personal and coverage information on the page. Upon sending the form, their rating system will obtain credit information and your driving record and generates a price.
Quoting online for BMW X5 insurance in Omaha makes it a lot easier to compare rates and it is important to do this if you want to get the best rate.
If you want to find out if lower rates are available, compare quotes from the companies shown below. If you currently have coverage, we recommend you complete the form with the insurance coverages as close as possible to your current policy. Doing this assures you are getting comparison quotes based on similar coverages.
The companies shown below are ready to provide price comparisons in Omaha, NE. If you wish to find the best auto insurance in Omaha, NE, it’s highly recommended you click on several of them to get the best price comparison.
Insurance rates and discounts
Some providers don’t always advertise all discounts very well, so the list below contains both well-publicized and the more hidden credits that you can use to lower your rates.
- Savings for New Vehicles – Insuring a vehicle that is new is cheaper compared to insuring an older model.
- Government Employee Discount – Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
- ABS Brakes – Cars that have anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
- More Vehicles More Savings – Buying insurance for primary and secondary vehicles on the same insurance policy can get a discount for every vehicle.
- Seat Belts Save – Drivers who require all vehicle occupants to buckle up can save 10% or more off the medical payments premium.
- Professional Organizations – Being in qualifying employment or professional organizations could trigger savings on your next renewal.
- Full Payment Discount – By making one initial payment rather than paying in monthly installments you can actually save on your bill.
- Claim Free – Claim-free drivers get the best insurance rates when compared to frequent claim filers.
- Defensive Driver – Participating in a class that teaches defensive driving techniques is a good idea and can lower rates and easily pay for the cost of the class.
We need to note that most discounts do not apply to the whole policy. Most only cut the cost of specific coverages such as liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, companies wouldn’t make money that way.
The example below shows the difference between BMW X5 insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no accidents, no driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, multi-car, claim-free, and homeowner discounts applied.
To find insurance companies who offer discounts in Nebraska, click here to view.
Analysis of BMW X5 rates
The data table shown next outlines a range of insurance policy prices for BMW X5 models. Understanding how insurance prices are established can benefit drivers when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $164 | $266 | $308 | $18 | $92 | $848 | $71 |
| X5 3.5D AWD | $180 | $306 | $308 | $18 | $92 | $904 | $75 |
| X5 4.8I AWD | $180 | $306 | $308 | $18 | $92 | $904 | $75 |
| X5 M AWD | $214 | $386 | $308 | $18 | $92 | $1,018 | $85 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in Omaha location which can modify coverage prices noticeably.
Higher deductibles lower rates
The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The figures shown below determine the premium difference when you buy lower versus higher deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $292 | $460 | $300 | $18 | $90 | $1,185 | $99 |
| X5 3.5D AWD | $322 | $530 | $300 | $18 | $90 | $1,285 | $107 |
| X5 4.8I AWD | $322 | $530 | $300 | $18 | $90 | $1,285 | $107 |
| X5 M AWD | $380 | $668 | $300 | $18 | $90 | $1,481 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X5 3.0I AWD | $180 | $290 | $300 | $18 | $90 | $878 | $73 |
| X5 3.5D AWD | $198 | $334 | $300 | $18 | $90 | $940 | $78 |
| X5 4.8I AWD | $198 | $334 | $300 | $18 | $90 | $940 | $78 |
| X5 M AWD | $236 | $420 | $300 | $18 | $90 | $1,064 | $89 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in specific zip code location which can affect insurance rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $29 more each month or $348 a year than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 26 months between claim filings, you would save more money by going with a higher deductible.
The diagram below shows how choosing a deductible and can affect BMW X5 premium costs for each different age category. The information is based on a single male driver, full coverage, and no policy discounts are applied.
Bad driving habits will cost you more
The diagram below illustrates how violations and at-fault collisions influence BMW X5 yearly insurance costs for different age groups. The premium estimates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
Difference between liability only and full coverage rates
The example below visualizes the comparison of BMW X5 insurance costs with full physical damage coverage and with liability coverage only. The data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.
Are you wasting money on full coverage?
There is no clear-cut formula to stop paying for physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your BMW X5 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after paying your deductible. If it’s costing in excess of $200 annually for your policy with full coverage, then it could be time to drop full coverage.
There are some conditions where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
When to talk to an agent
Many people just prefer to sit down with an agent and that can be a smart move Professional agents can answer important questions and give you someone to call. One of the benefits of comparing insurance prices online is the fact that drivers can get cheaper car insurance rates and still buy from a local agent. Buying from local agencies is definitely important in Omaha.
To help locate an agent, after submitting this form (opens in new window), your insurance data is transmitted to insurance agents in Omaha that give free quotes to get your business. There is no reason to contact any insurance agencies since price quotes are sent directly to your email. If you need to get a comparison quote from one company in particular, just find their quoting web page and complete a quote there.
When looking for a local agent, there are a couple of different agency structures and how they can write your policy. Auto insurance agents are classified as either exclusive or independent agents depending on their company appointments. Both types can properly insure your vehicles, but it’s a good idea to understand why they differ because it can influence the kind of agent you use.
Independent Insurance Agents
Independent insurance agents are normally appointed by many insurers so they can quote policies through many different auto insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, they simply switch companies in-house and you stay with the same agent.
When shopping rates, it’s a good idea to include independent agents for the best price selection. Most can insure with mutual insurance companies that may provide cheaper auto insurance rates.
Shown below is a short list of independent agents in Omaha that can give you price quote information.
- New Frontier Insurance
3637 S 24th St – Omaha, NE 68108 – (402) 731-2505 – View Map - AA Brokers Insurance Agency Inc.
2214 N 90th Plaza – Omaha, NE 68134 – (402) 392-1930 – View Map - Jensen Insurance
16909 Burke St #125 – Omaha, NE 68118 – (402) 391-5100 – View Map
Exclusive Auto Insurance Agencies
These agents generally can only insure with one company and some examples include State Farm, Allstate, or Farmers Insurance. Exclusive agencies are unable to compare other company’s rates so you might not find the best rates. Exclusive agents are highly trained in insurance sales which helps them compete with independent agents. Consumers often choose to use an exclusive agent mainly due to loyalty to the company instead of buying on price only.
Shown below is a short list of exclusive agencies in Omaha who can help you get comparison quotes.
- Tommy Hughes Jr – State Farm Insurance Agent
1321 Jones St #104 – Omaha, NE 68102 – (402) 346-1011 – View Map - Jackie Pletan – State Farm Insurance Agent
8333 Cass St – Omaha, NE 68114 – (402) 391-2673 – View Map - Angie Lintz – State Farm Insurance Agent
5484 North 90th Street – Omaha, NE 68134 – (402) 991-7366 – View Map
Finding the right auto insurance agent should depend on more than just a cheap quote. Here are some questions you might want to ask.
- Will they take your side in the event of a claim?
- Are claims handled at the agent’s location?
- Will you work with the agent or an assistant?
- What insurance company do they write the most business with?
- Are they actively involved in the community?
- If your car is in the repair shop, do you have coverage for a rental car?
- Which companies can they place coverage with?
Do I just need basic coverages?
When choosing your policy for your vehicles, there really is not a cookie cutter policy. Every situation is different.
Here are some questions about coverages that can aid in determining if your situation might need professional guidance.
- Do I need medical payments coverage since I have good health insurance?
- How much underlying liability do I need for an umbrella policy?
- Is business property covered if stolen from my car?
- How can I get my company to pay me more for my totaled car?
- Can I get by with minimal medical coverage if I have good health insurance?
- How many claims can I have before being canceled?
- What policy terms are available?
- Which companies will insure high-risk drivers?
- What is PIP insurance?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form. It’s fast, free and you can get the answers you need.
Omaha car insurance companies
Buying coverage from the highest-rated car insurance provider can be a challenge considering how many choices you have in Omaha. The company ratings in the next section may help you pick which providers you want to consider when comparing rate quotes.
Top 10 Omaha Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Allstate
Top 10 Omaha Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 92%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
- Progressive – 87%
Insurance policy specifics
Having a good grasp of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as dental work, funeral costs and nursing services. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Comprehensive insurance – This pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as theft, falling objects, a broken windshield, a tree branch falling on your vehicle and hail damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Collision – Collision coverage covers damage to your X5 resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as colliding with a tree, colliding with another moving vehicle, crashing into a building, backing into a parked car and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible on your X5 to bring the cost down.
Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your BMW X5.
Since many Nebraska drivers have only the minimum liability required by law (Nebraska limits are 25/50/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits do not exceed the liability coverage limits.
Liability coverages – Liability coverage will cover injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.
Liability can pay for claims like legal defense fees, emergency aid, court costs, pain and suffering and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford. Nebraska state law requires minimum liability limits of 25/50/25 but you should consider buying higher limits.
The chart below demonstrates why buying the state minimum limits may not be enough coverage.
In Summary
As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where an insured cut full coverage and found out when filing a claim that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage at the lowest possible cost, not the least amount of coverage.
Insureds who switch companies do it for a number of reasons such as extreme rates for teen drivers, high prices, delays in paying claims and high rates after DUI convictions. No matter why you want to switch, finding the right auto insurance provider is less work than it seems.
We just covered some good ideas how to save on BMW X5 insurance in Omaha. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Drivers may even discover the lowest rates are with a small local company.
Additional detailed information can be read by following these links:
- Parking Tips to Reduce Door Dings (State Farm)
- Who Has the Cheapest Auto Insurance for a Chevrolet Equinox in Omaha? (FAQ)
- What Car Insurance is Cheapest for Immigrants in Omaha? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Toyota Tacoma in Omaha? (FAQ)
- What Auto Insurance is Cheapest for Good Drivers in Omaha? (FAQ)
- How Much is Auto Insurance for a GMC Sierra in Omaha? (FAQ)
- How Much are Car Insurance Quotes for State Employees in Omaha? (FAQ)
- How Much is Car Insurance for Inexperienced Drivers in Omaha? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Fusion in Omaha? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Veterans in Omaha? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Vehicle Insurance in the U.S. (Wikipedia)
- Medical Payments Coverage (Liberty Mutual)