Do you want an efficient way to compare lower-priced BMW X5 insurance in Honolulu? Finding cheaper premium rates on BMW X5 insurance in Honolulu is always a challenge for beginners to buying insurance online. With such a large choice of insurers available, it can easily be a burden to find more affordable BMW X5 insurance rates.
Inconceivable but true, nearly 70% of consumers kept buying from the same company for four years or more, and just under half have never quoted rates to find lower-cost coverage. The average driver in the U.S. could save almost $850 every year by just shopping around, but they just don't understand how much savings they would realize if they changed companies.
Cheap companies for BMW X5 insurance
The providers in the list below provide price quotes in Honolulu, HI. If several companies are displayed, we recommend you visit as many as you can in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|X5 3.0I AWD||$250||$398||$270||$16||$80||$1,014||$85|
|X5 3.5D AWD||$150||$302||$300||$18||$90||$860||$72|
|X5 4.8I AWD||$170||$288||$270||$16||$80||$824||$69|
|X5 M AWD||$236||$490||$300||$18||$90||$1,134||$95|
|Get Your Own Custom Quote Go|
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Premium costs do not factor in specific location which can change prices noticeably.
BMW X5 insurance costs by gender and age in Honolulu
The example below visualizes the comparison of BMW X5 insurance premiums for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.
Irresponsible driving raises your rates
The chart below illustrates how violations and at-fault claims drive up BMW X5 car insurance costs for different age groups. Data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Score discounts to get cheaper Honolulu insurance rates
Car insurance companies don't necessarily list all available discounts in an easy-to-find place, so the following is a list of some of the best known in addition to some of the lesser obvious credits available to you. If you are not receiving all the discounts possible, it's possible you qualify for a lower rate.
- Discount for Life Insurance - Select insurance companies reward you with a break if you buy a life insurance policy as well.
- Discount for Home Ownership - Just being a homeowner can save you money since home ownership means you have a higher level of financial diligence.
- First Accident Forgiveness - Not really a discount, but a handful of insurance companies will turn a blind eye to one accident before your rates go up so long as you are claim-free for a certain period of time.
- Theft Deterrent System - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
- Distant College Student Discount - Older children who are enrolled in a college that is more than 100 miles from Honolulu and won't have access to an insured vehicle may be able to be covered for less.
- Discounts for Seat Belt Usage - Drivers who require all occupants to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- 55 and Retired - Drivers over the age of 55 may qualify for reduced rates.
- Discounts for Safe Drivers - Accident-free drivers may save up to 50% more than less cautious drivers.
As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only cut individual premiums such as comprehensive or collision. So even though it sounds like all the discounts add up to a free policy, companies wouldn't make money that way.
To see a list of companies that offer the discounts shown above in Hawaii, click this link.
Comparing rates from local Honolulu car insurance agents
Some people still like to talk to an insurance agent and doing so can bring peace of mind One of the benefits of price shopping on the web is that drivers can save money and get cheap rate quotes and still buy from a local agent. Buying from local insurance agents is important particularly in Honolulu.
To make it easy to find an agent, after completing this short form, the quote information is submitted to companies in Honolulu that provide free Honolulu auto insurance quotes to get your business. There is no need to even leave your home as quotes are delivered instantly to you. You'll get the best rates and work with a local agent. If for some reason you want to compare rates from a particular provider, you just need to search and find their rate quote page and submit a quote form there.
When researching a reliable agent, it helps to know the two types of agencies and how they operate. Auto insurance agents are considered either independent or exclusive.
Independent Insurance Agents
Independent agents do not have single company limitations and that allows them to write policies with many different companies and get you the best rates possible. If you are not satisfied with one company, your agent can switch companies and you won't have to switch agencies.
When comparing auto insurance rates, you will definitely want to contact multiple independent agents so that you have a good selection of quotes to compare. Most also write with mutual insurance companies which may have better rates.
The following are Honolulu independent agents who may provide comparison quotes.
- Cornerstones Financial and Insurance Agency
250 Ward Ave #220 - Honolulu, HI 96814 - (808) 626-5068 - View Map
- Pyramid Insurance Center Ltd
420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map
- Cavanah Associates, Inc.
1100 Alakea St #2600 - Honolulu, HI 96813 - (808) 537-1970 - View Map
These type of agents write business for a single company and some examples include Farmers Insurance or State Farm. Exclusive agencies are unable to compare other company's rates so it's a take it or leave it situation. Exclusive agencies are well trained in insurance sales and that allows them to sell at a higher price point. Consumers sometimes buy insurance from these agents partially due to high brand loyalty rather than low price.
Listed below is a list of exclusive agents in Honolulu that are able to give price quote information.
- Gwenette Higa - State Farm Insurance Agent
841 Bishop St #203 - Honolulu, HI 96813 - (808) 531-9918 - View Map
- Tina Tay - State Farm Insurance Agent
3615 Harding Ave Ste 303 - Honolulu, HI 96816 - (808) 394-5433 - View Map
- Suzette Rudolf Trehern - State Farm Insurance Agent
7192 Kalanianaole Hwy g210 - Honolulu, HI 96825 - (808) 395-3434 - View Map
Deciding on an insurance agent shouldn't rely on just a cheap quote. The questions below may impact your decision as well.
- Are claims handled at the agent's location?
- Will the agent or a CSR service your policy?
- Do the companies they represent have a solid financial rating?
- Do they have any clout with companies to ensure a fair claim settlement?
- How long has their agency been open in Honolulu?
- Does the company use OEM repair parts?
- Which companies do they recommend if they are an independent agency?
- Can you contact them at any time?
Advertising and car insurance
Car insurance companies such as State Farm and Allstate constantly bombard you with ads on television and other media. All the ads seem to make the promise that drivers will save a bundle if you change your coverage. How is it possible that every company can make almost identical claims? It's all in the wording.
Companies can use profiling for the right customer that is profitable for them. For instance, this type of insured might have to be a female over age 40, has a low-risk occupation, and has excellent credit. Anyone who meets those qualifications gets the lowest auto insurance rates and most likely will save money with a new company.
People who cannot meet those criteria will be charged a higher rate with the end result being the customer buying from someone else. If you pay attention, the ads say "people that switch" not "all people who quote" can save as much as they claim. That's the way companies can truthfully advertise the savings.
Because of these techniques, you really should compare price quotes frequently. It is just not possible to predict the company that will have the lowest BMW X5 insurance in Honolulu.
Car insurance coverage information
Learning about specific coverages of auto insurance helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.
Comprehensive auto coverage - Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things such as fire damage, damage from flooding, a broken windshield, damage from a tornado or hurricane and hitting a bird. The maximum payout you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage - Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle's damage.
Due to the fact that many Hawaii drivers only carry the minimum required liability limits (20/40/10 in Hawaii), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally the UM/UIM limits are similar to your liability insurance amounts.
Collision coverages - This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers things such as damaging your car on a curb, hitting a mailbox, backing into a parked car, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible on your X5 to save money on collision insurance.
Medical payments and PIP coverage - Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like surgery, rehabilitation expenses and dental work. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible
Liability - Liability coverage can cover injuries or damage you cause to other's property or people by causing an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 20/40/10 that translate to $20,000 in coverage for each person's injuries, $40,000 for the entire accident, and $10,000 of coverage for damaged property. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability coverage pays for things like medical services, emergency aid, court costs, bail bonds and repair bills for other people's vehicles. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford. Hawaii state minimum liability requirements are 20/40/10 but you should consider buying better liability coverage.
Get the best coverage at the most affordable price
Insureds who switch companies do it for any number of reasons including being labeled a high risk driver, denial of a claim, questionable increases in premium and even high prices. Regardless of your reason for switching companies, finding a great new company can be pretty painless.
Cheaper BMW X5 insurance in Honolulu is possible online in addition to many Honolulu insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not offer internet price quotes and many times these smaller providers provide coverage only through independent insurance agents.
We just covered many tips how you can shop for BMW X5 insurance online. The most important thing to understand is the more you quote Honolulu auto insurance, the better your chances of lowering your prices. You may even be surprised to find that the lowest priced insurance comes from a lesser-known regional company.
- Senior Drivers (Insurance Information Institute)
- Who Has Affordable Hawaii Car Insurance Quotes for Drivers with Accidents? (FAQ)
- Who Has Affordable Hawaii Car Insurance for Electric Cars? (FAQ)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Hawaii? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- What does Personal Injury Protection (PIP) Cover? (Allstate)