Compare BMW X5 Car Insurance Prices | Finder Canada

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BMW X5 insurance rates

Average BMW X5 insurance rates

BMW X5 SUV

The BMW X5 is a luxury SUV that’s relatively cheap to insure. Auto insurance for a BMW X5 costs an average of $168 a month, or $2,016 a year. Although this is almost $1,000 above the national average, car insurance costs vary widely across Canada, with many people paying higher rates to insure their cars. With a base price of $74,898, the annual insurance cost–to–base car price ratio for a BMW X5 is around 3.94%.

Compare free car insurance quotes online for your BMW X5

Name Product Roadside assistance Third-Party Liability Collision Coverage Comprehensive Coverage Discounts Available Available Provinces
Sonnet Auto Insurance
Up to 25%
Alberta, New Brunswick, Nova Scotia, Ontario, PEI, Quebec
Get auto insurance with Sonnet in just five minutes. Save up to 25% on your auto insurance through discounts and bundling options.

Who it might be good for: Drivers looking to apply and manage their car insurance completely online.
Intact Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Get car insurance with Intact and enjoy a quick turnaround on any lodged claims. Get a free quote through Surex.

Who it might be good for: Drivers looking to get rewarded for good driving behaviour.
Aviva Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex.

Who it might be good for: Drivers looking to customize their auto policy.
Travelers Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex.

Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.
Surex Auto Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
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How to compare insurance for the BMW X5

Shopping for auto insurance can be overwhelming. Many insurers use similar terminology, even though policies and coverage can vary drastically depending on your choice of provider. However, coverage is mandatory in every province or territory, meaning you won’t be able to avoid it. That being said, finding the right policy is much easier when you know what to look for. Here are a few characteristics to consider when shopping around.

  • Price. It’s important to use the same information when getting quotes from providers. This will help you compare similar options to find out which provider has the best price.
  • Deductible. Your deductible amount can influence the cost of your monthly premiums. Policies with higher deductibles usually have lower premiums, whereas those with lower deductibles will cost more.
  • Minimum coverage. Every province and territory has minimum, mandatory coverage requirements. Before purchasing a policy, ensure the requirements where you live are met.
  • Additional coverage. Additional coverage can help protect against things that are not included in your standard policy. Be sure to include any additional coverage options when getting quotes to get a more accurate estimate.
  • Extras. Extras like accident forgiveness and vanishing deductibles may be available through your provider. Find out what your policy includes and what features you’ll need to pay extra for.
  • Restrictions. Policy restrictions can limit coverage and lead to denied claims if you’re not aware of them. Ask your provider if any apply to you or your vehicle.
  • Manufacturer offer or loyalty discount. Ask your dealership if you’re eligible for any manufacturer offers or loyalty discounts with certain providers.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

BMW X5 reliability & safety ratings

The BMW X5 received the 2020 IIHS top safety pick for midsize luxury SUVs/4-door SUVs, indicating that it’s one of the safest vehicles in its class. It also has great safety ratings and a number of safety features that could help to reduce the cost of insurance. While not all models may come equally equipped, money-saving features you can potentially get with a BMW X5 include:

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Electronic stability control
  • Seat belt pretensioners
  • Lane-departure warning systems
  • Adaptive cruise control
  • Daytime running lights
According to J.D. Power, the 2020 BMW X5 holds a reliability rating of 81 out of 100 and a consumer satisfaction score of 80/100 based on its own analysis as well as thousands of reviews from real X5 drivers. With that said, parts and repairs could be expensive, so you may want to ask about BMW’s extended warranty. Learn more about car safety ratings in our guide.

Bottom line

Since 1999, the BMW X5 has been a favourite with SUV drivers who want a powerful ride, a spacious interior and plenty of room for cargo. Starting at just over $74,000, this vehicle’s great safety features and crash test ratings make it a reliable daily driver or family vehicle. You should have no trouble finding a provider to insure your X5. Compare your options to find a policy and price that’s right for you.

Frequently asked questions about the BMW X5

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