BMW X5 Auto Insurance (2024)

Do you have a BMW X5? Or are you thinking about purchasing one? If so, one factor to consider (beyond the cost of the vehicle) is insurance. Can you afford to insure your new vehicle?

You can save up to $711 on BMW X5 rates when you’re eligible for policy discounts. Online BMW X5 insurance rates are $144 per month for full coverage and $58 per month for liability auto coverage.

Read through our guide to find out how you can save more money and find cheap auto insurance rates for a BMW X5.

You can start comparing quotes for BMW X5 auto insurance rates from some of the best auto insurance companies by using our free online tool now.

How much does insurance for a BMW X5 cost?

How much does the average BMW X5 cost to insure? Take a look at this chart for average rates.

The average BMW X5 auto policy costs are $1,724 a year or $144 a month.

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Is the BMW X5 expensive to insure?

The chart below details how BMW X5 insurance rates compare to other SUVs like the Dodge Journey, Ford Expedition, and Honda Passport.

BMW X5 rates are higher than most of the SUVs in the table. In fact, only the Cadillac Escalade has higher rates. However, there are a few things you can do to find cheap BMW X5 coverage online.

What impacts the cost of BMW X5 insurance?

You might have noticed that there is a multitude of factors that impact affordable BMW X5 auto insurance. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the BMW X5.

Does the age of the vehicle affect insurance costs?

Older BMW X5 models generally cost less to insure. Take a look at this table to see what we mean.

Average Annual Auto Insurance Rates for a BMW X5 by Model Year

As you can see, auto insurance for a 2020 BMW X5 costs $1,724, while 2010 BMW X5 insurance costs are an average of $1,344, a difference of $380.

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Does the age of the driver affect insurance premiums?

Driver age can have a significant impact on BMW X5 auto insurance rates. Take a look at this chart for examples.

As you can see, a 40-year-old driver could pay $182 less each month for their BMW X5 car insurance compared to a 20-year-old driver.

Does the driver’s location affect insurance premiums?

Where you live can have a significant impact on BMW X5 insurance rates. Look at this table for more.

For example, drivers in New York may pay $1,052 a year more than drivers in Seattle.

Does driver record affect rates?

Your driving record can have an impact on the cost of BMW auto insurance. This table provides an overview of how your driving record can affect rates on a BMW X5.

Teens and drivers in their 20’s see the highest jump in their BMW X5 annual premiums with violations on their driving record.

 

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Do vehicle safety ratings affect insurance costs?

The BMW X5’s safety ratings will affect your BMW X5 annual premiums. The BMW X5 earned high rating marks from the Insurance Institute for Highway Safety (IIHS), though the IIHS did not perform all four of its standard tests. See the chart below:

IIHS BMW X5 Safety Ratings

The BMW X5 does not have as extensive safety ratings as domestic vehicles, and requires several sources to get an overall picture of the safety ratings. Vehicle safety ratings greatly impact base car insurance rates, as increased safety means fewer injuries. A lower number of injuries in overall crashes mean lower claim rates, leading to lower car insurance costs.

The BMW X5 earned a “Good” rating, the highest for both front impact testing and side-impact testing.

Interestingly, the National Highway Traffic Safety Administration (NHTSA) conducted rollover testing for the 2012 model, but not front or side crash testing, as is the norm. However in newer models, the NHTSA performed all standard tests.

In the X5 rollover test, each BMX X5, including the V6, V8, the high-performance model, and the diesel option, received four out of five stars, which is a decent rating.

According to the NHTSA, the BMW X5 has a 17.4 percent chance of rollover in the event of erratic driving maneuvers such as overcorrection.

Do crash test ratings affect insurance costs?

BMW X5 crash test ratings can impact your BMW X5 rates. See BMW X5 crash test results in this table.

Do safety features affect costs?

The more safety features you have on your BMW X5, the more likely it is that you can earn a discount. The BMW X5’s safety features include:

• Driver Air Bag
• Passenger Air Bag
• Front Head Air Bag
• Rear Head Air Bag
• Front Side Air Bag
• 4-Wheel ABS
• 4-Wheel Disc Brakes
• Brake Assist
• Electronic Stability Control
• Daytime Running Lights
• Child Safety Locks
• Integrated Turn Signal Mirrors
• Night Vision
• Traction Control
• Blind Spot Monitor
• Auto-Leveling Headlights
• Lane Departure Warning
• Lane Keeping Assist
• Cross-Traffic Alert

Speak with your insurer to find out if the safety ratings on your BMW X5 could mean additional discounts.

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Does insurance loss probability affect insurance costs?

The BMW X5’s loss probability varies between different coverage types. The IIHS reports on this data, which we’ve summarized in this table.

BMW X5 Insurance Coverage Loss Rates

The lower percentage means lower BMW X5 auto policy costs; higher percentages mean a higher BMW car policy cost.

Will financing a BMW X5 affect rates?

If you are financing a BMW X5, you will pay more if you purchase BMW X5 auto coverage at the dealership, so be sure to shop around and compare BMW X5 auto quotes from the best companies using the free tool on this page.

What are five ways you can save on a BMW X5 coverage policy?

Although it may seem like your BMW auto insurance rates are set, there are a few measures you can take to secure the best BMW X5 rates possible. Take a look at the following five ways to save when you’re looking to buy BMW X5 policies.

• Consider using a tracking device on your BMW X5
• Ask about retiree discounts
• Bundle your BMW X5 auto and home policies
• Start searching for new BMW X5 auto insurance a month before your renewal
• Ask about farm and ranch vehicle discounts

Many drivers wish they could enjoy rates in the $2,000 per year range, as often rates are much higher (even for non-luxury vehicles). Unfortunately, most people don’t have a good grasp of what goes into calculating car insurance rates or even how to search for coverage. We’ll go over a few basics to help you better understand your rates.

You can take a few steps to lower your risk of having a claim in the future.

If your driving record indicates there is little risk that you’ll be filing a future claim (i.e., you have a claim-free record for at least the past three-to-five years), you might qualify for lowe enough rates that you can afford to insure a BMW X5.

The first step is to have a clean driving record. Accidents and speeding tickets prove you are a risk, so they need to be avoided. The best way to do this is to obey the laws and rules of the road.

Your driving record goes back for at least three years, and often minor offenses fall off your record after three years. Serious offenses such as driving under the influence (DUI) stay on a driving record from seven to 10 years (and sometimes even longer, depending on where you live).

While waiting for items to disappear, you can look for a safe driving course. The benefit of taking a safe driving course is that it may result in the removal of some of the points on your driving record, and you may actually qualify for a discount from your insurance provider.

Next, if your credit score isn’t optimal, you’ll need to work toward improving your record, thereby increasing your credit score. If you qualified for financing for a BMW X5, you’re probably in good shape, but if not, you can take steps toward better credit.

Keep your credit card debt low, pay your bills on time, and check your credit often to improve your history.

You can also add anti-theft devices to your vehicle that will help you to get discounts. Options range from expensive tracking devices and alarms to often-free VIN etching, but they can get you discounts from 5 to 20 percent depending on your insurer.

However, the best way to save on car insurance costs for BMWs (and all vehicles) is to shop around. Car insurance companies use various factors (some of which we’ve already discussed) to calculate your rates, and how companies approach this calculation varies, so shopping around can help you find the best rates based on your unique situation and needs.

Get as many quotes for coverage as possible, and you are almost guaranteed to find lower rates for the same coverage amount you currently pay for.

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What are the top BMW X5 insurance companies?

Several insurance companies offer competitive rates for the BMW X5 based on factors like discounts for safety features. Take a look at these top auto insurance companies popular with BMW X5 drivers, organized by market share.

Major Auto Insurance Companies Ranked by Market Share

State Farm has the largest market share, followed by Geico and Progressive.

What is the history of the BMW X5?

BMW is a German automaker with a long history and a reputation for well-crafted vehicles and motorcycles.

The BMW X5 is a crossover SUV that is a marriage of the styling of the five series vehicles with the capabilities of an SUV. Finding the right insurance for your BMW X5 is surely one of your top priorities.

For many, owning a BMW is the only option. The manufacturer has a fiercely loyal customer base in the United States and worldwide; this is due in part to the high safety standards of all BMWs.

The BMW X5 is a midsize crossover SUV, but the manufacturers refer to it as a Sport Activity Vehicle (SAV) to distinguish it from the pack of SUVs traveling the roadways. It was the first SUV offered by BMW, and it has undergone two redesigns and many updates to become the sporty yet luxurious crossover it is today.

The BMW X5 is offered with a few different packages and engine specs:

• BMW X5 sDrive 40i (inline-6 cylinder, 48-volt mild-hybrid)
• BMw X5 Xdrive409 (inline-6 cylinder,48-volt mild-hybrid)
• BMW X5 xDrive 45e plug-in hybrid (30 minutes of electric-only driving available)
• BMW M50i (twin-turbo V8)
• BMW X5 M (4.4L twin-power, turbocharged V8)

The prices for these models start at the following:

• BMW X5 sDrive 40i – $59,400
• BMW X5 Xdrive409 – $59,400
• BMW X5 xDrive 45e plug-in hybrid – $65,400
• BMW M50i – $82,800
• BMW X5 M – $105,100

The engines range from from 335 horsepower for a base model to 600 horsepower for the X5 M model.

Technology in the X5s, regardless of model, also allows the vehicle to choose exactly the right gear for optimal performance for the least amount of fuel possible. It is part of what BMW refers to as efficient dynamics, which is an effort to keep peak performance but cut fuel consumption using engineering and aerodynamics.

The interior of the X5 is exactly what you would expect from a luxury manufacturer such as BMW. The vehicle is resplendent in fine wood paneling, leather seating, and the latest technology for safety, communication, and entertainment.

What BMW X5 coverage options are available?

The BMW X5 is an expensive piece of German engineering, and few drivers would choose to have anything but full coverage on such a vehicle.

As a larger vehicle, the BMW X5 has the ability to do serious damage to other vehicles. As a part of total insurance coverage on the vehicle, BMW X5 owners should follow experts’ advice and purchase liability limits of $100,000 per individual and $300,000 for an entire accident.

The average driver may find it difficult to afford such an expensive luxury vehicle, making a BMW X5 a vehicle typically for those with money. In such a case, an umbrella liability policy is a good idea.

Certainly, full coverage options such as collision and comprehensive are also a must, just to protect the vehicle’s value. Even if it is paid off, buying full coverage will likely be less expensive than repairing or replacing the BMW X5 out-of-pocket.

Additional options such as personal injury protection and roadside assistance are at the discretion of the car owner. Such options should be purchased if there isn’t similar coverage elsewhere, such as towing with an auto club.

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Is BMW insurance more expensive?

While the BMW X5 certainly has impressive safety features, which usually lowers base car insurance rates, the vehicle also has some aspects that could increase insurance rates. The biggest aspect is the vehicle’s luxury pedigree and expensive price tag.

Vehicles that are more expensive to buy are also more costly to fix. This increases insurance rates. The BMW X5 is no exception. BMWs are engineered with top-of-the-line parts that are not inexpensive.

Being a foreign car also increases parts and labor costs, which increases insurance costs altogether.

Estimated insurance costs indicate that insurance for the BMW X5 auto is usually more expensive than average vehicles.

The BMW X5 ranges in average rates from $1,401 to $2,200 depending on the year and model.

Of course, your car insurance rates could vary widely and even be outside these ranges. The safety and overall cost of a vehicle are not the only factors used to set car insurance rates. A driver’s unique set of factors will likely have more impact on raising or lowering car insurance rates.

How do you find the best BMW X5 auto insurance?

You can find the best BMW X5 auto insurance for your needs by shopping around. As a rule of thumb, it’s a good idea to get quotes from at least three insurance companies so you can be sure you’re getting fair rates. You can start comparing rates today by using the free tool on our page.

BMW X5 Insurance Rates: What’s the bottom line?

The BMW X5 is a midsize crossover SUV, which is also referred to as a Sport Activity Vehicle (SAV). While BMWs are known for safety and excellent engineering, earlier models of the vehicle did not receive as extensive safety ratings as other domestic vehicles or later X5 models.

BMW X5 insurance costs around $205 more per year than the average vehicle. Factors like your age, driving record, and ZIP code all affect your rates. You’ll find that average insurance rates for a BMW X5 are $2,136 per year or $178 per month. But if you get liability only, you may be able to get coverage for an average of $691 per year or $58 per month.

Ready to get started on finding affordable BMW X5 auto insurance online? Start comparing BMW X5 auto insurance quotes today using your ZIP code in our free tool.

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