07-28-2017, 01:30 PM | #1 |
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Insurance
I'm a 27 year old male with a 2017 x5 m, and my insurance is hella cheap — $65/mo for full coverage.
What's everyone else paying? I'm mind blown it's so inexpensive. |
07-28-2017, 06:00 PM | #2 | |
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I am older than you, male with a '16 50i and no tickets/accidents. I have my house and 3 cars insured with the same company. My coverage limits are 100/300 with a $1000 deductible, full glass coverage and uninsured motorist coverage. My most recent policy is $1113 annually (this amount reflects just the X5 portion of the policy) before the annual 20% dividend, so I expect it to cost me $891 this year. Again, this is for a 50i, not a M.
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2016 F15 X5 50i M-Sport
2015 F83 M4 Last edited by Rotzy; 07-28-2017 at 07:05 PM.. |
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07-28-2017, 07:04 PM | #4 |
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07-28-2017, 07:20 PM | #5 |
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08-06-2017, 09:47 AM | #7 |
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My lease on the M5 ends soon and Im about to order an X5 ///M. I was surprised to hear my insurance will be less with the SUV.
I'm currently paying under $2k per year for the M5 and an '06 Volvo in Pittsburgh. |
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08-06-2017, 02:25 PM | #8 |
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In addition to the coverage limits, your location has a lot to do with your rates. I have the highest coverage available with high deductible. I'm a 50+ year old female with a clean license and pay over $2,000/year for a '16 X6M in a NYC borough.
There was literally only a few dollars difference for me between the cost of the 50i and the M. I guess when you pay over 2 grand they don't want to screw you too much more. |
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08-07-2017, 07:05 AM | #9 |
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With regards to the OP it sounds to me like your paying for an X5 3.0.
Consider completing the defensive driving course if your state offers a discount. I save $360 per year and paid $25 for the course and the discount is good for three years. |
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08-07-2017, 07:41 AM | #10 |
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My current insurance is lower than it was on my previous 550i xdrive msport , the M has about a 30k higher sticker, was pleasantly surprised to see that!
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08-07-2017, 09:07 AM | #11 | |
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08-07-2017, 09:17 AM | #12 | |
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Where you live has a HUGE impact on your rates. Here are a couple of screenshots from carinsurance.com showing the average insurance rates for 3 different zip codes. The first is your ZIP code based on the location in your profile. The second is mine and the third is downtown Providence, RI, literally 1 mile from my home.
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2015 F83 M4 Last edited by Rotzy; 08-07-2017 at 09:51 AM.. |
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08-07-2017, 01:32 PM | #13 | |
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Could it be that he has other factors that reduce the rate (e.g., part of bundled policies, high co-pay, limited coverages)? Of course. But I think we all recall how the other factors (like OP's gender, age, price of insured car) would tend to push the price of coverage up. The last time I parked a car on Thayer Street (VW GTI 16V) or in Rancho Cucamonga, my rates were over $100/month. I wouldn't imagine rates that low for a new car. |
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08-07-2017, 02:03 PM | #14 |
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08-07-2017, 04:08 PM | #15 |
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Ahhhh, that may be true. He mentioned the OP but he quoted me.
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2015 F83 M4 Last edited by Rotzy; 08-08-2017 at 04:25 PM.. |
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08-08-2017, 03:18 PM | #16 |
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Funny thing is that the OP hasn't responded since.
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08-08-2017, 05:42 PM | #17 |
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08-08-2017, 08:47 PM | #18 |
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I quoted you because your policy sounds reasonable/legit vs the OP which made no sense.
I used to be an insurance agent. Most of 20 to 27 y.o. Insurance premium on say a given vehicle that is brand new would equal, if not higher, the car's monthly payment. |
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08-09-2017, 08:04 AM | #20 |
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Very similar age group here. 2017 X6 M. I'm paying $213 per month for full coverage with $1k deductible. This is the cheapest I could get down here even with clean record.
Last edited by foldpages; 08-09-2017 at 01:57 PM.. |
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08-09-2017, 01:31 PM | #21 |
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In my 50's and not very clean driving record - minor speeding tickets and claims for car rental fender bender. Wife also similar record. Multi-car insurance. Adult kids with clean driving record added to insurance. X6M 2015 full-coverage with $1k deductible. Progressive insurance $137 per month.
Don't see how $65 per month for OP. Last edited by musa; 08-09-2017 at 03:05 PM.. |
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08-13-2017, 01:13 PM | #22 |
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I'm paying about $130 a month for a 2014 X5 50i with $500 deductible and $0 incidental and about middle of the road on all the other stuff
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