Insurance Costs for M5s and X5Ms

[TrevorM3]

Originally Posted by Herofmine

Shop around, change your insurance company, take off unnecessary options like vehicle warranty etc. also mention that you have live internet and you can locate your car from anywhere that will drop 10% from your premium. Pre-collision system, bmw 24/7 road assist mention all those stuff you will get discounts!!! Change your out of pocket from 500 to 1000.

lol never heard of that?? so many weird things out there

[M5Beast_NYC]

Originally Posted by BMWM5NYC

That is an average rate here in NYC. NY/NJ rates saw a big jump back in 2010-2012.

Agreed. you can try to shop around but pricing will probably about the same. I have homeowner insurance with my allstate auto policy and im paying about 2k every 6 months for full coverage on my 15 M5, 15 X5 3.5 and liability on my 04 Oddysey.

Gieco was cheaper on the auto insurance but combined with home policy, allstate won.

I might start shopping around for rates again in a few months. my cost has gone up a bit over the years with allstate.

[johnm550]

Originally Posted by BDWonder

Hey guys,

What's everyone paying for their insurance for 6 months on their M5 and X5M leases?

I'm in NYC now and am getting absurd quotes.
2000 for m5, and 1700 for x5m.

Thanks.

In NY, Suffolk County, $1,022 every 6 months for 2015 M5, Geico, $100k/$300k uninsured and $300k bodily injury with $1m umbrella. 40's with Perfect credit & driving record. Have 3 cars on the plan, homeowners with another carrier. I pay $2400 for 3 cars and thought that was crazy, $2k seems very high if you have a similar situation. Ask for every discount available. Do you belong to any professional organizations? I do get a discount for various memberships. Good luck!

[BDWonder]

Originally Posted by johntomferg

So now I am going to be "mean", but I hope you enjoy this comparison:

4 Cars and House through Travelers.
Wife and I insured - no kids. Both mid-thirties in age.
No tickets or at-fault wrecks in history scope.

6mos billing, $1000 deductible, Full comprehensive/collision, Roadside Assist, Free Rental Car.
2013 BMW M5 - $537
2014 Jag F-type V8 Convert - $482
1998 GMC SIERRA K2500 - $218
2017 Audi Q7 3.0 Prestige - $545
[Subtotal = $1782]

Location: Columbia TN [Greater Nashville Area]

Wow. I mean...its just...just wow. Good for you dude!
Amazing deal.

[Rearview]

Originally Posted by momos750

On my MY15 M5 I am paying $453 every 6 months. 250/500k coverage, new car replacement, all extras.

In California.

Who is your insurer?

[freezey]

I am in jersey and have a F80 M3 and a 16 X5 and pay $2652 for the year. Adding the M5 would drop my insurance another $65.

I however didn't goto all the major companies since its all the same junk. I used a family friend who is an insurance broker here in jersey and he just shops for you and gets the best price. I if interested PM me and I will make an email intro.

[momos750]

Originally Posted by Rearview

Who is your insurer?

Ameriprise

[Rearview]

Thx!

[Kjellster]

I am paying $1032 per 6 months on a 2013 M5. $1000.00 Deductible with usual coverage's, including rental car etc. with State Farm.

Seattle WA area.

[Sabs1815]

Originally Posted by Lennon997

issue with geico is when you get hit then dont use OEM parts to fix your car, thats pretty crappy.

Yea I've heard that too but then again doesn't it depend on the shop doing the work? or is it that they won't pay for the OEM parts?

My father has been insured with Geico for 20 years or so and he hasn't had any issues with them so far

[spuntyb]

Originally Posted by BDWonder

Hey guys,

What's everyone paying for their insurance for 6 months on their M5 and X5M leases?

I'm in NYC now and am getting absurd quotes.
2000 for m5, and 1700 for x5m.

Thanks.

Not the same, but just for perspective, I paid $1900/6 months in Manhattan for my F31. Recently moved to Hoboken and it dropped to about $950/6 months fwiw. I would guess an M5/X5M would be in the $2000/6 months range for NYC.

[TheUtahX5M]

I have Allstate and pay $560 (6mos) with no deductible and 100/300. 2010 X5M

[TrqAdct]

Originally Posted by Sabs1815

Ahhh NYC Car insurance.

I am 22... Insured with Geico now Paying $2,862.80/6 Mo, for and M5 and a leased VW Beetle for the wife. That's down from $3700 with Allstate. Full coverage 100/300 etc.

The perks of living in NY What are they again?

You must have a typo here somewhere ... You are 22 yo, live in NYC, drive an M5 ...and you are married?!?

[SomeLIguy]

Similar situation and cost to Johnm550, but one county over in NY (Nassau instead of Suffolk). $2,400 per 6 months through Geico for 3 cars including $300k uninsured, $300k bodily injury and $1mm umbrella.

[13M5F10]

Originally Posted by platinum903

I live in Dallas and pay $2600/yr for full coverage on my 2016 M5 and 2014 Lexus GS.

Shop around. I'm paying under $1400 a year for my M5 and Jetta both have full coverage and low deductible. I'm in Irving.

[SchillerM]

I just called for quotes on a few cars, including 2013 M5 and 2011 X5M, both were right around $1750/year with $250/500 deductibles.
We moved counties and I updates address, $220 cheaper/year for our policy as it currently is (My E39 M5 was $1100/year, wifes E90 335i was $1200) so about 10% savings by getting out of the major county.
For comparison, a 2011 550i was $1350 and 2011 X5 35i was $1450, 2011 750Li was $1650
We are with AAA, haven't moved home owners insurance over yet.
Matt

[platinum903]

Originally Posted by 13M5F10

Shop around. I'm paying under $1400 a year for my M5 and Jetta both have full coverage and low deductible. I'm in Irving.

$1400/yr for both cars, not every 6 months?

What year model M5 and Jetta?

[13M5F10]

Originally Posted by platinum903

$1400/yr for both cars, not every 6 months?

What year model M5 and Jetta?

Geico

2013 BMW M5
2013 VW Jetta

100k/300k/50k

Uninsured
Comprehensive
Collision
Deductible: $500

I am actually paying $803 every 6 months. Just verified. Must have gone up some. Still much lower than what you are paying. My rates went up when I lived from Dallas to Irving. I was around $600.

[Sabs1815]

Originally Posted by TrqAdct

You must have a typo here somewhere ... You are 22 yo, live in NYC, drive an M5 ...and you are married?!?

LOL Yes.... No typo here. I'm 22 living in Brooklyn, NY Driving an M5
(leasing a beetle for my wife)-----Married.

[platinum903]

Originally Posted by 13M5F10

Geico

2013 BMW M5
2013 VW Jetta

100k/300k/50k

Uninsured
Comprehensive
Collision
Deductible: $500

I am actually paying $803 every 6 months. Just verified. Must have gone up some. Still much lower than what you are paying. My rates went up when I lived from Dallas to Irving. I was around $600.

Mine are 2016 M5 and 2014 Lexus GS so the value insured on those models is probably the difference. A good friend of mine handles my insurance and he is independent and can shop anybody and moved me to Travelers because they were the best this past year. I'm guessing that difference of $1600-2600 difference are probably that my cars are newer model years and have a higher replacement value which costs more to ensure. Thanks for sharing your data though. Always good to know what others in the area are paying.

[13M5F10]

Originally Posted by platinum903

Mine are 2016 M5 and 2014 Lexus GS so the value insured on those models is probably the difference. A good friend of mine handles my insurance and he is independent and can shop anybody and moved me to Travelers because they were the best this past year. I'm guessing that difference of $1600-2600 difference are probably that my cars are newer model years and have a higher replacement value which costs more to ensure. Thanks for sharing your data though. Always good to know what others in the area are paying.

I'd agree with you,however, even in 2013 I was almost $200 less than I'm paying now. There a ton of variables. I moved from travelers to geico because it was cheaper.

M