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 (%)|
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.