If you want to save the most money, the best way to find discount car insurance rates in Anchorage is to start comparing prices yearly from companies in Alaska. Prices can be compared by following these guidelines.
First, take a few minutes and learn about the different coverages in a policy and the measures you can take to drop your rates. Many factors that cause rate increases like at-fault accidents, speeding tickets, and poor credit rating can be rectified by improving your driving habits or financial responsibility. This article gives information to prevent expensive rate increases and get discounts that may be available to you.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple insurance companies.
Third, compare the quotes to your current policy premium to see if you can save by switching companies. If you find a lower rate quote and decide to switch, make sure coverage is continuous and does not lapse.
A valuable tip to remember is to use similar limits and deductibles on every price quote and and to get price estimates from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and a complete price analysis.
Shockingly, 70% of consumers kept buying from the same company for more than four years, and about 40% of consumers have never compared rate quotes at all. With the average premium in the United States being $1,847, drivers could cut their rates by nearly 46.5% a year just by comparing rates, but they just don’t want to shop around.
If you’re already insured or just want to reduce your rates, take advantage of these tips to lower your rates without having to cut coverage. Buying affordable insurance in Anchorage is quite easy. Vehicle owners only need to know the quickest method to shop their coverage around on the web.
Most companies allow consumers to get prices on their websites. Getting BMW X5 insurance prices online is pretty painless as all you need to do is type in the amount of coverage you want as detailed in the form. When complete, the system automatically retrieves your driving and credit reports and generates a price determined by many factors. Being able to quote online for BMW X5 insurance in Anchorage makes it simple to compare prices and it’s necessary to get many rate quotes in order to get cheaper prices.
If you want to find out how much you can save on car insurance, take a look at the companies shown below. If you have coverage now, it’s recommended you type in the coverage information identical to your current policy. This guarantees you will have rate comparison quotes for the exact same coverage.
The companies shown below provide free quotes in Alaska. If multiple companies are listed, we recommend you visit several of them in order to get a fair rate comparison.
Do you qualify for these five discounts?
Car insurance companies don’t necessarily list every available discount in a way that’s easy to find, so the list below gives a summary of some of the more common and the more hidden credits available to lower your premiums when you buy Anchorage car insurance online.
- Professional Memberships – Being a member of a qualifying organization is a good way to get lower rates when shopping for car insurance.
- Use Seat Belts – Buckling up and requiring all passengers to buckle up can save a little on the medical payments or PIP coverage costs.
- Good Students Pay Less – Excelling in school can earn a discount of 20% or more. Most companies allow this discount up to age 25.
- Student in College – Any of your kids who are enrolled in higher education away from home and don’t have a car may be able to be covered for less.
- Senior Citizen Rates – Drivers that qualify as senior citizens could receive a small discount on rates.
Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, you’re out of luck.
The chart below shows the difference between BMW X5 auto insurance costs with and without discounts applied. The price estimates are based on a female driver, no accidents or driving violations, Alaska state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, safe-driver, multi-policy, and multi-car discounts applied.
To see insurance companies that can offer you the previously mentioned discounts in Alaska, click this link.
Rates and data analysis
The rate table shown next showcases a range of coverage prices for BMW X5 models. Having knowledge of how car insurance premiums are figured is important for making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|X5 3.0I AWD||$230||$424||$262||$16||$78||$1,010||$84|
|X5 3.5D AWD||$254||$488||$262||$16||$78||$1,098||$92|
|X5 4.8I AWD||$254||$488||$262||$16||$78||$1,098||$92|
|X5 M AWD||$300||$616||$262||$16||$78||$1,272||$106|
|Get Your Own Custom Quote Go|
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate quotes do not factor in vehicle garaging location which can change coverage rates noticeably.
BMW X5 insurance rates: Men versus women
The illustration below shows the comparison of BMW X5 yearly insurance costs for male and female drivers. The data is based on no tickets, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are applied.