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Car Insurance Quotes for the BMW X5

Are You Getting the Cheapest Car Insurance Available for a BMW X5?

Illustration of BMW X5

How Much Is Car Insurance for the BMW X5?

You can pull up to the party in style with your BMW X5 crossover SUV, or you can use it to drop your kids off at school in the lap of luxury. Either way, protect it with auto coverage for $97 to $192 per month so you can drive it without worrying about mishaps along the way.

Although most people will pay in this range, it really depends on each insured’s specific situation. Contact Freeway Insurance to get an exact quote. Their expert agents will get you the most affordable car insurance based on your preferences, budget, and your family’s needs.

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Comparing Insurance Costs for the BMW X5 to Other Vehicles

Every car will have varying premium amounts. This is because the cost of repairing and replacing each vehicle is different, and theft rates vary for each type of car as well.

The following chart compares premiums for the BMW X5 to similar vehicle types.

Make/Model Annual Full Coverage
BMW X5 $2,304
Mercedes-Benz GLE $2,508
Acura MDX $2,256
Lexus RX $1,872

Types of Car Insurance Coverage for the BMW X5

You’ll have options for various types of car insurance coverage. You might be tempted to cover your luxury vehicle with the highest level of protection, but discuss this thoroughly with your agent because too much coverage will be overly costly, while too little might not be adequate. Freeway will help you get the right level of protection for your vehicle. Here are two options you’ll likely review with your agent.

Full Coverage

Lots of things could happen to your vehicle while it’s parked — a branch could fall on it, it could get scratched by a pedestrian, or it could get stolen. When you’re on the road, your car could get damaged by a crash you cause, an accident caused by an uninsured driver, or a hit-and-run accident. In all of these cases, none of the involved parties will pay to help you repair or replace your vehicle. But for around $192 per month, you can get a full coverage policy that would help you recoup your losses in each of these situations.

State Minimum Liability

You have other options. You don’t have to get the highest level of protection for your vehicle. In fact, every state has minimum policy requirements, and you can choose to get your state’s minimum liability coverage for about $97 per month, which would save you a lot of money on your premiums. Keep in mind, though, that your insurer would only help you pay for damages you cause to others and not for your own vehicle. Additionally, if you cause a crash and your policy amount is below the cost of the resulting damage, you would have to pay the balance out of pocket.

Individual Factors That Influence Pricing for the BMW Crossover

Calculating exactly how much you’ll pay for a policy boils down to the details about you and your vehicle. It’s all about the odds of you having to file a claim and how much your insurer might have to pay in such a case. Here are some examples of what might concern your carrier.

Your State’s Requirements

As mentioned, every state has a different set of minimum coverage requirements. Some require you to get at least $10,000 of protection for property damages you cause in a crash, while others require $25,000. The more you’re required to obtain, the more your insurer will potentially have to pay out and the more they’ll charge you for your policy.

Your Gender

Statistics show that women are slightly less likely to cause a car accident than men. Insurers look at these numbers to help them determine their potential for liability. Because of this, although you might be a very safe driver, if you’re a male, you’ll likely pay slightly more for your policy than a female with a similar driving record.

Where You Live

Every zip code has its own potential for natural disasters that might damage your car, theft rates, and accident rates. Your exact location will heavily affect your insurer’s chances of having to pay a claim. Therefore, they will look closely at conditions in your locale and how they affect their potential for liability.

Black BMW X5, SUV parked in city , front view.

How Does a DUI Affect Insurance Rates for a Sporty SUV?

If you have a DUI on your record, you will automatically be considered a high-risk driver. That means any insurer will charge a lot more for coverage than the rates listed above. Additionally, before issuing a policy, your insurer will have to file an SR-22 certificate to let your state know that you have coverage and can drive legally. Besides the safety issues involved with driving drunk, it can also be very costly for drivers.

What Are Some Car Insurance Discounts for a BMW?

Coverage can get pricy, but there’s a lot you can do to reduce this necessary expense. For starters, you can bundle policies with the same insurer. For example, if you get your homeowners and auto policy with the same carrier, they’ll likely offer you a multi-policy discount. Keep your driving record clean, and you might score a safe driver discount. Here are some more discounts you might be entitled to:

  • Similar to a multi-policy discount, if you insure more than one car with the same carrier, you might get a multi-car discount
  • Reduce the need for paperwork by allowing your insurer to withdraw your payments from your bank automatically, and they might reward you with an auto-pay discount
  • If you don’t put many miles on your vehicle, your carrier might offer you a low-mileage discount
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What Are Some of the Characteristics of the BMW X5?

The BMW X5 debuted as the E53 in model year 2000, became the E70 in 2007, the F15 in 2015, the G05 in 2018, and, finally, simply the X5 in 2023. This luxury midsize SUV crossover can hold its own with the best of them. Current versions include a sporty, appealing exterior and a roomy, luxurious interior. Its powerful V8, 530 HP hybrid engine can take you from 0-60 MPH in as little as 4.3 seconds.

Find the Best Car Insurance Rates Online for the BMW X5 Today

Your kids will love going to school if you promise to pick them up in your BMW X5. Make sure to keep your vehicle fully protected so they can enjoy those rides straight through graduation. Contact Freeway at 800-777-5620, and one of our agents will make sure you get coverage that fits your budget and comfort level. You can also get a quote for car insurance online or by stopping by one of our physical locations.

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