How Much Does BMW X5 Car Insurance Cost?
When it comes to owning a luxury vehicle like a BMW X5, one of the most important things to consider is auto insurance. The cost of insuring a BMW X5 can vary significantly based on several factors, including age group, policy limits, driving record, and location. In this article, we will break down the average BMW X5 car insurance rates and what you need to know to get the best coverage for your vehicle.
Average BMW X5 Car Insurance Rates
The average BMW X5 car insurance cost is $1,933 annually for full coverage, or around $160 monthly. This is about $94 more per year than the average rate for mid-size luxury crossovers and $382 more per year than the overall national average of $1,561.
It’s important to note that these are just averages and that individual rates can vary widely depending on several factors. For instance, if you’re a teen driver, you can expect to pay considerably more for BMW X5 car insurance, with rates as high as $7,912 for a 16-year-old driving an X5 with low deductibles.
Factors Affecting BMW X5 Car Insurance Rates
There are several factors that can affect the cost of BMW X5 car insurance. Some of the most important include:
Car Model and Year
The BMW X5 is a luxury car, which means that it can be more expensive to repair or replace in case of an accident. Moreover, the car’s year and model can also affect the insurance rates. Newer and more expensive models can have higher insurance rates.
Driving History
Your driving history plays a crucial role in determining your car insurance rates. A clean driving record with no accidents or tickets can help you get lower insurance rates. On the other hand, if you have a history of accidents or traffic violations, you may have to pay higher insurance rates.
Location
Your location can also affect your BMW X5 car insurance rates. If you live in an area with a high crime rate or a lot of accidents, you may have to pay higher insurance rates.
Credit Score
Your credit score can also affect your car insurance rates. Insurance companies use credit scores to determine the likelihood of a driver filing a claim. A high credit score can help you get lower insurance rates.
Deductible
Your deductible is the amount you pay out of pocket before your insurance kicks in. A higher deductible can help you get lower insurance rates. However, keep in mind that you will have to pay more out of pocket in case of an accident.
Coverage Level
The coverage level you choose can also affect your insurance rates. A higher coverage level can provide more protection but can also result in higher insurance rates.
Safety Features
The safety features of your BMW X5 can also affect your insurance rates. Cars with safety features such as anti-theft systems, anti-lock brakes, and airbags can help you get lower insurance rates.
Miles Driven
The number of miles you drive can also affect your insurance rates. The more miles you drive, the higher the chances of an accident, which can result in higher insurance rates.
Insurance Company
The insurance company you choose can also affect your BMW X5 car insurance rates. Different insurance companies have different rates, so it’s essential to shop around and compare rates from several companies.
Age Group
One of the biggest factors affecting BMW X5 car insurance rates is age group. As the chart below demonstrates, rates can vary significantly based on your age and the physical damage deductibles you choose.
BMW X5 Auto Insurance Cost by Age Group and Deductibles
| Age Group | Deductible | Year (12 mo) | 1 Mo |
|---|---|---|---|
| 20-29 | 1,000 | 3,199 | 278 |
| 20-29 | 500 | 3,881 | 333 |
| 20-29 | 250 | 4,593 | 393 |
| 30-39 | 1,000 | 1,691 | 140 |
| 30-39 | 500 | 2,047 | 172 |
| 30-39 | 250 | 2,443 | 203 |
| 40-49 | 1,000 | 1,597 | 133 |
| 40-49 | 500 | 1,933 | 160 |
| 40-49 | 250 | 2,287 | 191 |
| 50-59 | 1,000 | 1,459 | 122 |
| 50-59 | 500 | 1,765 | 147 |
| 50-59 | 250 | 2,073 | 174 |
| 60+ | 1,000 | 1,437 | 119 |
| 60+ | 500 | 1,737 | 145 |
| 60+ | 250 | 2,040 | 171 |
As you can see, rates range from a low of $1,437 for a 60-year-old driver with high deductibles to a high of $4,593 for a 20-year-old driver with low deductibles.
When it comes to buying car insurance for your BMW X5, it’s important to understand the factors that can affect your premium. Insurance rates can vary greatly depending on the driver’s age, driving record, location, and other factors. Additionally, the type of policy you choose can also affect your insurance rates. In this article, we’ll take a closer look at the average insurance rates for BMW X5 for the years 2013 to 2022 and provide tips on how to save money on your car insurance.
Table: Average Insurance Rates for BMW X5
The following table illustrates the average insurance rates for BMW X5 for the years 2013 to 2022. These rates are based on policies with different terms and coverages, so your actual insurance rates may differ.
| Model Year and Vehicle | Yearly Rate | Six-Month Rate | Monthly Rate |
|---|---|---|---|
| 2022 BMW X5 | $1,933 | $972 | $160 |
| 2022 BMW X5 | $1,807 | $909 | $150 |
| 2020 BMW X5 | $1,767 | $888 | $147 |
| 2019 BMW X5 | $1,693 | $852 | $140 |
| 2018 BMW X5 | $1,695 | $853 | $140 |
| 2017 BMW X5 | $1,672 | $842 | $140 |
| 2016 BMW X5 | $1,739 | $875 | $145 |
| 2015 BMW X5 | $1,601 | $806 | $134 |
| 2014 BMW X5 | $1,743 | $877 | $145 |
| 2013 BMW X5 | $1,452 | $732 | $120 |
Table: Average insurance rates for BMW X5 for different years and policy terms.
What is the Cheapest BMW X5 Insurance?
As a luxury SUV, the BMW X5 is a vehicle that requires significant investment not only during the purchase, but also in terms of maintenance and insurance. It’s essential to consider the cost of insurance when buying an X5, as it can significantly impact the overall cost of ownership. In this article, we will discuss the cheapest BMW X5 insurance options, including the cost to insure each model.
The cost of BMW X5 insurance varies depending on the specific model, as well as individual factors such as driving history and location. However, on average, drivers can expect to pay between $1,786 and $2,165 annually for X5 insurance. This equates to approximately $149 per month.
Cheapest BMW X5 Models to Insure
The cheapest BMW X5 to insure is the sDrive model, with an average annual insurance cost of $1,786. This is followed by the xDrive model, which has an average annual insurance cost of $1,818.
If you are on a tight budget and are looking for a more affordable option, then the sDrive is the way to go. However, keep in mind that this model is rear-wheel drive only, which may not be ideal for those living in areas with harsh weather conditions.
Most Expensive BMW X5 Models to Insure
On the opposite end of the spectrum, the most expensive BMW X5 models to insure are the xDrive46e, M50i xDrive, and M xDrive configurations. These models have annual insurance costs of approximately $1,847, $2,029, and $2,165, respectively.
These models are more expensive to insure due to their high-end features and higher horsepower, which increases the likelihood of accidents and theft.
Average BMW X5 Insurance Rates
The following table shows the average insurance rates for each 2022 BMW X5 model, broken down by annual, six-month, and monthly policy terms.
| Model | Annual Cost | Six-Month Cost | Monthly Cost |
|---|---|---|---|
| sDrive | $1,786 | $893 | $149 |
| xDrive | $1,818 | $909 | $152 |
| xDrive40i | $1,832 | $916 | $153 |
| xDrive45e | $1,835 | $918 | $153 |
| M50i xDrive | $2,029 | $1,015 | $169 |
| M xDrive | $2,165 | $1,083 | $181 |
| xDrive40i M Sport | $1,847 | $924 | $154 |
| xDrive45e M Sport | $1,847 | $924 | $154 |
BMW X5 Auto Insurance Rates Compared to Similar Vehicles
When compared to similar models in the mid-size luxury crossover segment, car insurance for a BMW X5 costs more per year. According to a recent study, the BMW X5 costs an average of $1,933 a year for annual premium for full-coverage insurance, which is $94 per year more than the class average rate of $1,840 per year. Here is a comparison of the BMW X5’s auto insurance rates with similar vehicles in the same segment:
- BMW X5: $1,933 per year
- Lexus RX 350: $1,558 per year
- Acura MDX: $1,566 per year
- Cadillac XT5: $1,489 per year
- Lexus GX 470: $1,764 per year
As shown in the comparison above, car insurance for the BMW X5 costs $375 more a year than the Lexus RX 350, $367 more than the Acura MDX, $444 more than the Cadillac XT5, and $169 more than the Lexus GX 470.
Comparing the Cost of the 2022 BMW X5 to Other Mid-Size Luxury Crossover Models
As one of the most popular mid-size luxury crossover models on the market, the 2022 BMW X5 has a lot to offer. But with an average MSRP of $75,710, it’s not exactly cheap. So, how does the cost of the BMW X5 compare to other models in its class? In this article, we’ll take a closer look at the cost of the BMW X5 and compare it to four other mid-size luxury crossover models: the Mercedes-Benz AMG GLE54, Lincoln Aviator, BMW iX, and Land Rover Discovery.
Now that we have a better understanding of the BMW X5, let’s take a closer look at how it compares to other mid-size luxury crossover models.
BMW X5 vs. Mercedes-Benz AMG GLE54
The Mercedes-Benz AMG GLE54 is one of the closest competitors to the BMW X5 in terms of price. It has an average sticker price of $77,644, which is $1,944 more expensive than the average sticker price for the BMW X5. However, when it comes to insurance, the BMW X5 is slightly less expensive. On average, full-coverage insurance for a BMW X5 costs $2,178 per year, which is $224 less annually on average than the Mercedes-Benz AMG GLE54.
BMW X5 vs. Lincoln Aviator
The Lincoln Aviator is another mid-size luxury crossover model that is close in price to the BMW X5. The 2022 BMW X5 has an average MSRP that is $8,038 more expensive than the Lincoln Aviator ($75,710 versus $67,673). When it comes to insurance, the BMW X5 is slightly more expensive than the Lincoln Aviator. On average, full-coverage insurance for a BMW X5 costs $2,628 per year, which is $226 more each year than the Lincoln Aviator.
BMW X5 vs. BMW iX
The BMW iX is a newer addition to the BMW lineup, and it comes with a higher price tag than the BMW X5. The average MSRP for a 2022 BMW X5 is $8,500 cheaper than the BMW iX, at $75,710 compared to $84,200. However, when it comes to insurance, the BMW X5 is less expensive. On average, full-coverage insurance for a BMW X5 costs $2,305 per year, which is $97 less every 12 months than the BMW iX.
BMW X5 vs. Mercedes-Benz AMG GLE54
The Mercedes-Benz AMG GLE54 is a formidable rival to the BMW X5, with a higher average MSRP of $77,644. That’s $1,944 more expensive than the BMW X5. However, when it comes to insurance costs, the BMW X5 comes out on top. On average, insuring a BMW X5 costs $224 less annually than insuring a Mercedes-Benz AMG GLE54.
BMW X5 vs. Lincoln Aviator
The Lincoln Aviator is a slightly less expensive option than the BMW X5, with an average MSRP of $67,673. That’s $8,038 less than the BMW X5. However, when it comes to insurance costs, the BMW X5 is again more expensive. Insuring a BMW X5 costs an average of $226 more annually than insuring a Lincoln Aviator.
BMW X5 vs. BMW iX
As you might expect, the BMW iX is one of the closest competitors to the BMW X5. However, it’s interesting to note that the average MSRP for the BMW X5 is actually $8,500 cheaper than the BMW iX, at $75,710 compared to $84,200. Additionally, insurance costs for the BMW X5 are lower than those for the BMW iX, with an average savings of $97 per year.
BMW X5 vs. Land Rover Discovery
The Land Rover Discovery is a slightly more affordable option than the BMW X5, with an average MSRP of $66,691. That’s $9,020 less than the BMW X5. And when it comes to insurance costs, the Land Rover Discovery once again comes out on top. On average, insuring a Land Rover Discovery costs $287 less annually than insuring a BMW X5.
