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Get the Right Coverage with BMW X5 Auto Insurance

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Things to Remember...

  • BMW is a German automaker with a long history and a reputation for well-crafted vehicles and motorcycles
  • The BMW X5 is a midsize crossover SUV, but the manufacturers refer to it as a Sport Activity Vehicle (SAV)
  • The BMW X5 does not have as extensive safety ratings as other domestic vehicles

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 5 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 around the world; this is due in part to the high safety standards of all BMWs.

Check out car insurance options for your BMW X5 by entering your zip code in the FREE box above!

BMW X5 Model Overview

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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

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 two different, new engine specs, the V6 xDrive35i or the larger, V8 xDrive50i. The xDrive35i starts at $47,500 for the base model and tops out at $57,700 for the Sports package. The xDrive50i is obviously more expensive at $64,200, due to its larger engine.

Both engines have an impressive amount of horsepower, with the xDrive35i generating 300 horsepower and the xDrive50i creating 400 horsepower.

There is also a diesel option and a high-performance model, the BMW X5 M, which generated 555 horsepower and sells for $87,250.

While they both have a lot of power, there’s also a host of technology for increasing fuel efficiency. The V6 X5 model gets 16 mpg in the city and 23 mpg on the highway according to FuelEconomy.gov, and the V8 X5 gets 14 mpg in the city and 20 mpg on the highway.

It 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.

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Safety Ratings

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

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.

The BMW X5 earned a “Good” rating, the highest for both front impact testing and side impact testing, which were the only tests conducted on the BMW X5 by the IIHS.

Interestingly enough, the National Highway Traffic Safety Administration (NHTSA) conducted rollover testing, but not front or side crash testing as is the norm.

In rollover testing, each model of the 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.

Coverage Options

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The BMW X5 is an expensive piece of German engineering, and few drivers would 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. BMW X5 owners should follow the advice of experts and purchase liability limits of $100,000 per individual and $300,000 for an entire accident.

The average driver would be hard pressed to be able to afford such an expensive luxury vehicle, making a BMW X5 a vehicle for those with money. In such a case, perhaps 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 value of the vehicle. Even if it is paid off, buying full coverage will likely be less expensive than 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.

Average Insurance Costs

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 expensive 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 helps to increase the cost of parts and labor, which increases the insurance costs altogether.

Estimated insurance costs from MSN Money show that insurance for the BMW X5 auto is usually more expensive than average vehicles.

The BMW X5 V6 has an estimated annual insurance cost from $1,401 to $1,519. The BMW X5 V8 has an average insurance cost of $1,718 annually, and the high-performance BMW X5 M is almost $2,000.

The diesel option for the BMW X5 is right in the middle of the two options with estimated car insurance costs of $1,648.

Of course, your car insurance rates could vary widely from those above. 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 of an impact on increasing or lowering car insurance rates.

Finding Savings

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Many drivers wish they could enjoy $2,000 a year auto insurance rates as their own rates are much higher and are not for a luxury vehicle. Unfortunately, most people don’t have a good grasp on what goes into calculating car insurance rates or even how to search for coverage.

However, there are a few steps that you can take to lower your risk of having a claim in the future.

If you appear to have a low likelihood for having a future claim, then your insurance rates might lower so much that you could afford a BMW X5.

First, you need to have a clean driving record, plain and simple. Accidents and speeding tickets prove you are a risk, so they need to be avoided. The best avoidance maneuver is to obey laws and rules of the road.

Your driving record goes back for three years, so moderate black marks fall off after three years. Serious offenses such as driving under the influence (DUI) stay on a driving record from seven to 10 years.

While waiting for items to disappear, you can try to find a safe driving course that will remove points from your license or generate a discount from you insurance provider.

Next, you need to also improve your credit history if it is not great. If you qualified for financing for a BMW X5, you likely have a golden credit history; if not, it is something to work for.

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. The options range from expensive tracking devices and alarms to often-free VIN etching, but they can get you discounts from 5 percent to 20 percent.

However, the best way to save on car insurance costs is to shop around. Few people understand that car insurance companies have rates for the same coverage that varies by hundreds and even thousands of dollars.

Get as many quotes for coverage as possible and you are almost guaranteed to find something lower for the same amount of insurance than you are paying now.

Start comparing car insurance quotes once you enter your zip code in the FREE search tool below!

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