Insurance Costs for M5s and X5Ms

BDWonder · 06-28-2016, 07:15 PM

Featured on BIMMERPOST.com

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.

Vitacura · 06-28-2016, 07:39 PM

Ouch.. I pick up my M5 next month so will be starting to get quotes shortly. I was going to try the usual major companies and then liberty mutual to see how they compare. (Since liberty mutual seems to be highly recommended by BMW CCA)

13M5F10 · 06-28-2016, 07:43 PM

Ouch, I am paying around $700 / 6mo for the M5 and 13 VW Jetta. Both full coverage with 100/300 and all the extra options.

Texas here.

momos750 · 06-28-2016, 08:03 PM

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

In California.

BMWM5NYC · 06-28-2016, 08:32 PM

Quote:

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.

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

ManhattanBMW · 06-28-2016, 09:35 PM

Quote:

Originally Posted by BMWM5NYC

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

I have a F13 M6, live in Manhattan, and pay $2000/6 months. Use Geico.

Herofmine · 06-28-2016, 11:05 PM

wow i live in NYC and i pay 1060.90 for 2 cars full coverage it's
Like 176.81 per month.
You must have bad driving history or you are young.

KMORGSM5 · 06-29-2016, 02:39 AM

i'm 30 with clean driving record, 2k deductible and pay $1,6xx.xx every 6 months. I think i need to start shopping around

AGS · 06-29-2016, 04:28 AM

Quote:

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.

Quote:

Originally Posted by KMORGSM5

i'm 30 with clean driving record, 2k deductible and pay $1,6xx.xx every 6 months. I think i need to start shopping around

You guys should shop around, those rates are high. I live in Northern NJ (I believe NJ is rated as one of the highest cost, if not the highest, car insurance states in the country), and I'm paying $2,850 per year for my 2016 M5, a 2014 Jeep Grand Cherokee and a 2014 Jeep Wrangler. I'm with New Jersey Manufacturers Insurance and also have my house and umbrella policies with them so enjoying the multi-plan discounts.

Darkshear · 06-29-2016, 04:58 AM

$1147.93 6/mos w/ Esurance

100/300 comp & collision
100/300 uins/under non-stacked
100 property damage
10 PIP
$500 deductibles

35 y/o, clean record.

Best rate I could get. However I'm located in the #6 highest insurance fraud area in the US, which doesn't help.

ManhattanBMW · 06-29-2016, 05:37 AM

Quote:

Originally Posted by ManhattanBMW

I have a F13 M6, live in Manhattan, and pay $2000/6 months. Use Geico.

Sorry, typo, that is $2000/year, not for 6 months, $1000k deductible.

BDWonder · 06-29-2016, 07:09 AM

Quote:

Originally Posted by Herofmine

wow i live in NYC and i pay 1060.90 for 2 cars full coverage it's
Like 176.81 per month.
You must have bad driving history or you are young.

Hey...im 35...excellent driving history. One speeding ticket though from last year. Other than that...no run ins with law or unpaid tickets.

Sabs1815 · 06-29-2016, 08:16 AM

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?

net7 · 06-29-2016, 01:05 PM

I pay $1500 a year for a 2010 Mazda 6 (partial) and a 2013 M5 (full). My insurance went from $700 to $1500 when adding the M5, so the insurance for it is only $800 ($400/6mo)

I have a pretty clean record: driving since 18 (25 now), only 1 ticket in past 2 years, no accidents, and I also have home insurance with them. I'm with Erie Insurance (ohio).

edit: I tried Geico, best they could offer me was $600/6mo

BMWM5NYC · 06-29-2016, 05:21 PM

Also depends what county you live in. My insurance went up $200 per 6 months when I moved from Manhattan to the Bronx, even though I moved to a better neighborhood and car is parked inside the attached garage in my house. I have accident free discounts/no claims/no tickets ever and longtime customer 26 yrs with State Farm. So you can have the greatest driving record and still get screwed by the county you live in.

platinum903 · 06-29-2016, 06:15 PM

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

apsuard · 06-29-2016, 07:51 PM

$1800 per year through Progressive for a 2013 M5 and 2015 SQ5. $2k deductible on M5 and $1k on SQ5. In Minneapolis

BDWonder · 06-29-2016, 08:26 PM

Quote:

Originally Posted by apsuard

$1700 per year through Progressive for a 2013 M5 and 2015 SQ5. $2k deductible on M5 and $1k on SQ5. In Minneapolis

Lucky sob...😃. Thats an excellent quote.

BDWonder · 06-29-2016, 08:28 PM

Quote:

Originally Posted by platinum903

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

I wish...i only wish id get these rates. You are lucky sir.

Maverick997 · 06-29-2016, 09:18 PM

Houston, $932/6 months...2014 M5

Herofmine · 06-29-2016, 11:41 PM

Quote:

Originally Posted by BDWonder

Quote:

Originally Posted by Herofmine

wow i live in NYC and i pay 1060.90 for 2 cars full coverage it's
Like 176.81 per month.
You must have bad driving history or you are young.

Hey...im 35...excellent driving history. One speeding ticket though from last year. Other than that...no run ins with law or unpaid tickets.

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.

johntomferg · 06-30-2016, 01:52 PM

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]

06-28-2016, 07:15 PM	#1
BDWonder Captain 138 Rep 740 Posts Drives: 2016 M5 Join Date: Aug 2013 Location: California/BK NY iTrader: (0)	Insurance Costs for M5s and X5Ms Featured on BIMMERPOST.com 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.
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06-28-2016, 07:39 PM	#2
Vitacura Ich Liebe mein BMW 413 Rep 887 Posts Drives: 21 M240i CV, 23 X1 Join Date: May 2007 Location: Tampa Bay iTrader: (0)	Ouch.. I pick up my M5 next month so will be starting to get quotes shortly. I was going to try the usual major companies and then liberty mutual to see how they compare. (Since liberty mutual seems to be highly recommended by BMW CCA)
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06-28-2016, 07:43 PM	#3
13M5F10 Hide! My wife's coming! 812 Rep 2,816 Posts Drives: 2013 BMW M5 \| MSR Stage 3 Join Date: Jun 2015 Location: Las Colinas, TX iTrader: (5)	Ouch, I am paying around $700 / 6mo for the M5 and 13 VW Jetta. Both full coverage with 100/300 and all the extra options. Texas here. __________________ * SOLD * 2013 BMW M5 \| Space Grey \| MSR Stage 3 Tune \| Catless Downpipes \| MSR Intake and Charge Pipes \| MSR Exhaust (Prototype) \| Vorsteiner Rear Diffuser \| RW Carbon Front Lip \| RW Carbon Trunk Spoiler\| Vorsteiner VS-310 Forged Wheels \| Escort 9500CI w/Laser Jammers
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06-28-2016, 08:03 PM	#4
momos750 Captain 143 Rep 715 Posts Drives: 2015 M5, 2011 750Li Join Date: Jul 2015 Location: CA iTrader: (0)	On my MY15 M5 I am paying $453 every 6 months. 250/500k coverage, new car replacement, all extras. In California. __________________ 2015 M5 - Singapore Grey Metallic - Silverstone Full Merino Interior - Executive Pack - Drivers Assist Pack -Comp Pack -
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06-28-2016, 11:05 PM	#7
Herofmine Captain 413 Rep 816 Posts Drives: E92M3, F10535i, 15 M5,340i,X5M Join Date: May 2014 Location: Dallas iTrader: (3) Garage List 2015 X5M [10.00]	wow i live in NYC and i pay 1060.90 for 2 cars full coverage it's Like 176.81 per month. You must have bad driving history or you are young.
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06-29-2016, 02:39 AM	#8
KMORGSM5 Captain 320 Rep 843 Posts Drives: 14 CP M5 Join Date: Feb 2016 Location: South Florida iTrader: (0)	i'm 30 with clean driving record, 2k deductible and pay $1,6xx.xx every 6 months. I think i need to start shopping around
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06-29-2016, 04:58 AM	#10
Darkshear Second Lieutenant 154 Rep 269 Posts Drives: BSM 2019 M5 Comp Join Date: Feb 2011 Location: Tampa iTrader: (2)	$1147.93 6/mos w/ Esurance 100/300 comp & collision 100/300 uins/under non-stacked 100 property damage 10 PIP $500 deductibles 35 y/o, clean record. Best rate I could get. However I'm located in the #6 highest insurance fraud area in the US, which doesn't help. __________________ 2021 Brands Hatch Grey M5 Competition
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06-29-2016, 08:16 AM	#13
Sabs1815 First Lieutenant 121 Rep 324 Posts Drives: 2013 F10 M5 Join Date: Mar 2016 Location: Brooklyn, NY iTrader: (0)	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?
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06-29-2016, 01:05 PM	#14
net7 New Member 8 Rep 15 Posts Drives: M5 2013 Join Date: Jun 2016 Location: Cleveland, OH iTrader: (0)	I pay $1500 a year for a 2010 Mazda 6 (partial) and a 2013 M5 (full). My insurance went from $700 to $1500 when adding the M5, so the insurance for it is only $800 ($400/6mo) I have a pretty clean record: driving since 18 (25 now), only 1 ticket in past 2 years, no accidents, and I also have home insurance with them. I'm with Erie Insurance (ohio). edit: I tried Geico, best they could offer me was $600/6mo
	Appreciate 1 Quote

06-29-2016, 05:21 PM	#15
BMWM5NYC Captain 496 Rep 812 Posts Drives: 2013 F10 Monte Carlo Blue M5 Join Date: Dec 2008 Location: NYC iTrader: (0)	Also depends what county you live in. My insurance went up $200 per 6 months when I moved from Manhattan to the Bronx, even though I moved to a better neighborhood and car is parked inside the attached garage in my house. I have accident free discounts/no claims/no tickets ever and longtime customer 26 yrs with State Farm. So you can have the greatest driving record and still get screwed by the county you live in. __________________ Formally known as BMWM3NYC
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06-29-2016, 06:15 PM	#16
platinum903 Second Lieutenant 93 Rep 210 Posts Drives: F90 M5, F85 X5M, G05 X5 Join Date: Mar 2016 Location: Dallas iTrader: (0)	I live in Dallas and pay $2600/yr for full coverage on my 2016 M5 and 2014 Lexus GS.
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06-29-2016, 07:51 PM	#17
apsuard Captain 195 Rep 612 Posts Drives: 2021 BMW M5 Competition Join Date: Jan 2013 Location: Minneapolis, MN iTrader: (0)	$1800 per year through Progressive for a 2013 M5 and 2015 SQ5. $2k deductible on M5 and $1k on SQ5. In Minneapolis Last edited by apsuard; 06-29-2016 at 10:37 PM..
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06-29-2016, 09:18 PM	#20
Maverick997 Private First Class 49 Rep 149 Posts Drives: 2014 M5 Black Saphire Metalic Join Date: May 2015 Location: Houston tx iTrader: (0)	Houston, $932/6 months...2014 M5 __________________ Other toys '07-997 Turbo....EVOMS 580..AWE exhaust...champion intercoolers..champion springs. '91-964 Turbo K27 Hf turbo...Techart Exhaust...etc, etc
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06-30-2016, 01:52 PM	#22
johntomferg Captain 120 Rep 852 Posts Drives: Formerly drove a 13 F10 M5 Join Date: May 2012 Location: Columbia, TN iTrader: (1)	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]
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