BMW X5 insurance rates

The BMW X5 is a luxury SUV that’s relatively cheap to insure. Auto insurance for a BMW X5 costs an average of $337 a month, or $4,044 a year. Although this is much higher than 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 $80,755, the annual insurance cost–to–base car price ratio for a BMW X5 is around 5.0%.

• How we got these rates

  To determine our estimated cost, we aggregated quotes from insurance companies using this profile:

  • Latest model vehicle
  • 20,000 kilometres driven yearly
  • No accidents, perfect driving record
  • 35-year-old female driver located in Ontario

  Our estimated price is for full coverage car insurance.

  Your location, among many other factors, can directly impact the cost of insurance. For example, the average cost of car insurance across all vehicles (not just BMWs) is around $1,832 in BC, $1,505 in Ontario, $1,080 in Manitoba and $891 in Nova Scotia.

  Other factors that can affect your auto insurance rate

  • BMW X5 model year
  • Vehicle’s trim
  • Amount of coverage you need
  • Estimated kilometres you drive in a year
  • Vehicle’s safety and anti-theft features
  • Driver’s credit score and location
  • Driver’s age, marital status and gender
  • Driving history in the past 5 years
  • Whether the driver rents, leases or owns the vehicle

Compare free car insurance quotes online for your BMW X5

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Name	Product	Accident Forgiveness	Min. Liability Coverage	Discounts Available	Online Claims	Available Provinces
Surex Auto Insurance		Yes	$1,000,000	Up to 25%		Alberta, New Brunswick, Northwest Territories, Nova Scotia, Nunavut, Ontario, PEI, 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.	Get a quote More Info	Compare	loading Fetching your data...
Onlia Car Insurance		Yes	$1,000,000	Over $500*		Ontario	Get premium auto insurance coverage with Onlia. Save money on your auto insurance through safe driving discounts and bundling insurance options. Who it might be good for: Drivers in Ontario looking to save on insurance costs by driving safely.	Get a quote More Info	Compare	loading Fetching your data...
Aviva Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, 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.	Get a quote More Info	Compare	loading Fetching your data...
Travelers Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, 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.	Get a quote More Info	Compare	loading Fetching your data...

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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:

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 $80,000, 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

• Does BMW offer financing?

  Yes. BMW offers in-house financing through BMW Financial Services Canada. Choose between several financing options if you want to buy a vehicle. Or, choose from among several leases options if you don’t want the full burden of ownership.

• How do I find out the minimum car insurance requirements in my province or territory?

  Check with your provincial or territorial government’s Ministry of Transportation to learn more about mandatory auto insurance coverage where you live.

• Are there any restrictions to car insurance policies?

  There are certain restrictions when it comes to the type of coverage most car insurance policies offer. While these vary between insurance companies, some include:

  • You are not covered if the accident was caused by a fault with your vehicle, that you were aware of and chose to ignore.
  • You are not covered if your car was damaged during a race, trial, test, competition or similar arena.
  • You are not covered if your car was lost or damaged with intent, either by you or a person acting on your behalf.
  • You are not covered for any further loss or damage caused to your vehicle, if you drive it after it has been in an accident.

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