Compare Quotes from Top Providers and Save now!

Best states to buy and insure a used BMW X5

Although the BMW X5 is considered an SUV, the company has branded it more as an SAV (or Sports Activity Vehicle) because of its on-road efficiency. Among the German cars, it was the first car to incorporate the unibody chassis. It was first introduced in 1999 and has been redesigned several times ever since.

The car is popular for its fuel economy. In fact, Bimmers claim that the X5’s fuel efficiency is much better than other cars such as the Porsche Cayenne and the Audi Q7 that fall in the same category. It has a six cylinder engine and is faster than most SUVs in the market.

Luxury cars like the BMW X5 are indeed a great thing to own, but buying insurance for them can be an overwhelming task. To begin with, you will have to shop around for a dealer who charges you a reasonable premium and offers good coverage.

Consider the table below. The states listed here are the states where the median price of the X5 is the lowest.

State Insurance Average ($) Median Price ($) Insurance Percentage (%)
Kentucky 1,871 15,981 11
Rhode Island 1,853 17,488 10
New Mexico 1,229 21,950 5
Minnesota 1,519 23,888 6
Alabama 1,851 24,000 7

In Maine, the average annual insurance rate for the X5 is as low as $1,029. However, the median price is $38,934. Mainers can buy the car from one of the above states and have it shipped home. This is also true for buyers from the states of New Hampshire, Iowa, New Mexico, Indiana, Ohio, and Washington.

In the table below, the states with the least insurance costs for a used BMW X5 have been listed.

State Year Range Insurance Average ($) Median Price ($) Insurance Percentage (%)
Maine 2005 - 2012 1,029 38,934 2
New Hampshire 2005 - 2012 1,166 28,837 4
Iowa 2005 - 2012 1,176 28,995 4
New Mexico 2005 - 2012 1,229 21,950 5
Indiana 2005 - 2012 1,242 36,380 3

If you live in one of these states, you could buy the X5 from a cheaper state and have it shipped back home. With lower annual insurance costs, you have the financial advantage of saving on the costs that cannot be avoided.

Average Yearly Insurance Premium $1,600
BMW X5 MSRP $62,480
Estimated Monthly Income to Afford a BMW X5 Car including Insurance $1,140

BMW X5 - Average Insurance Price by Segment

Male $2,660
Male Married $2,510
Female $1,200
Female Married $1,190
Teenage Boy $3,760

BMW X5 Safety Features - 2013

Side airbags: front and second row head curtain airbags and front seat-mounted torso airbags Rollover sensor: designed to deploy the side curtain airbags in the event of an impending rollover Electronic stability control; includes roll stability control to minimize the possibility of rollover Antilock brakes Programmable daytime running lights

Expensive States for Insuring BMW X5

RankStateAverage Insurance of BMW X5MSRPEstimated Monthly Income to Afford a BMW X5 including Insurance Cost
1 Louisiana $2,700 $61,500 $1,140
2 Michigan $2,600 $61,500 $1,140
3 Oklahoma $2,300 $61,500 $1,130
4 Montana $2,100 $61,500 $1,130
5 Georgia $2,100 $62,100 $1,140
6 West Virginia $2,000 $61,500 $1,120
7 California $2,000 $58,800 $1,080
8 Kentucky $1,900 $68,600 $1,250
9 Wyoming $1,800 $52,900 $970
10 Rhode Island $1,800 $60,900 $1,110

Cheap States for Insuring BMW X5

RankStateAverage Insurance of BMW X5MSRPEstimated Monthly Income to Afford a BMW X5 including Insurance Cost
1 Maine $1,000 $61,500 $1,110
2 New Hampshire $1,100 $61,500 $1,110
3 Iowa $1,200 $61,900 $1,120
4 Indiana $1,200 $56,800 $1,030
5 New Mexico $1,200 $61,500 $1,110
6 Ohio $1,200 $62,800 $1,130
7 Vermont $1,200 $61,500 $1,110
8 Arizona $1,300 $58,100 $1,050
9 Idaho $1,300 $74,400 $1,340
10 Illinois $1,300 $65,500 $1,180

BMW X5 - Remaining States under Study

RankStateAverage Insurance of BMW X5MSRPEstimated Monthly Income to Afford of BMW X5 including Insurance Cost
1 North Carolina $1,300 $64,300 $1,160
2 Washington $1,300 $61,500 $1,110
3 Wisconsin $1,300 $70,700 $1,280
4 Colorado $1,400 $61,500 $1,110
5 Oregon $1,400 $64,600 $1,170
6 South Carolina $1,400 $61,500 $1,110
7 Virginia $1,400 $61,500 $1,110
8 Florida $1,500 $63,000 $1,140
9 Kansas $1,500 $59,700 $1,080
10 Minnesota $1,500 $61,500 $1,120
11 Mississippi $1,500 $61,500 $1,120
12 Nevada $1,500 $61,500 $1,120
13 New York $1,500 $63,200 $1,150
14 Tennessee $1,500 $64,900 $1,180
15 Utah $1,500 $61,500 $1,120
16 Alaska $1,600 $64,600 $1,170
17 Arkansas $1,600 $61,500 $1,120
18 Hawaii $1,600 $65,800 $1,190
19 Massachusetts $1,600 $62,700 $1,140
20 Maryland $1,600 $61,500 $1,120
21 Nebraska $1,600 $61,500 $1,120
22 Delaware $1,700 $61,500 $1,120
23 Missouri $1,700 $61,500 $1,120
24 North Dakota $1,700 $56,600 $1,030
25 Pennsylvania $1,700 $69,800 $1,270
26 Texas $1,700 $71,700 $1,300
27 Alabama $1,800 $61,000 $1,110
28 Connecticut $1,800 $61,500 $1,120
29 New Jersey $1,800 $61,500 $1,120

BMW X5 Models Comparison

Model Style Cylinders MSRP Average Premium of BMW X5 models Est. Monthly Income to Afford a BMW X5 including Insurance Cost
X5 35D 4WD 4 Door Turbo Diesel 6 cyl. $62,500 $1,630 $1,140
X5 35I 4WD 4 Door SUV Turbo 6 cyl. $62,500 $1,530 $1,130
X5 5.0i 4WD 4 Door 8 cyl. $62,500 $1,690 $1,140

BMW X5 vs Luxury SUV Insurance Comparision