How much are you paying for insurance?

West01 · 05-13-2022, 09:11 PM

I'm in Australia and I went from an x5 to an x7
37 years old, no accidents.
I was quite disappointed that my premium went up a lot when I got the x7. It was $86 aud a month and now it's $165aud

rich5741 · 05-14-2022, 09:22 AM

39, NYC, $1500/6 months. X740i is our only car, but we do have home, personal articles, a couple million in umbrella. And its a lease which I understand means a small premium. GEICO.

$300/600 liability and $500 deductible.

When I switched cars, I noticed both the liability and the comprehensive went up, so I guess they are pricing in higher damage the X7 can do to the other car by being so much bigger?

StifflersMom · 05-14-2022, 12:46 PM

Quote:

Originally Posted by West01

I'm in Australia and I went from an x5 to an x7
37 years old, no accidents.
I was quite disappointed that my premium went up a lot when I got the x7. It was $86 aud a month and now it's $165aud

State Farm with multi car and multi policy 500K limits and $2000 deductible. No accidents or tickets. Married…….$1100 annual premium.

Tr4ckD4ys · 05-14-2022, 08:21 PM

165 USD/month at 250/500 coverage in most categories (ie uninsured driver et cetera) with 1k deductible both on collision and comprehensive. With Liberty Mutual.

Hoa · 05-15-2022, 10:31 AM

2020 X7 40i
Progressive
100K/300K
$500 deductible

$381/6mo
$1,699 for 6 cars

Phasers · 05-15-2022, 12:46 PM

Quote:

Originally Posted by Hoa

2020 X7 40i
Progressive
100K/300K
$500 deductible

$381/6mo
$1,699 for 6 cars

That's insanely cheap.

SturgisOttis · 08-12-2022, 06:46 AM

I was very worried when I took out the insurance, so I took the biggest package on purpose. It even included theft and fire insurance. When I was looking for my insurance company, I decided to consult my friend. He advised me the insurance company Youi, where he insured his car. And I have never once regretted my decision. So it sounds like you should get your new car insured. It's better to make sure you don't have to pay ten times as much later.

jdloyd01 · 08-12-2022, 07:41 AM

Similar to others, I have cars bundled with home and umbrella. All three cars cost ~2000 annually. The X7 is ~900 of it. 500K/500K with 1000 deductible. This will go up considerably as I will be adding two teen drivers next year.

blutob2 · 08-12-2022, 07:49 AM

Quote:

Originally Posted by jdloyd01

Similar to others, I have cars bundled with home and umbrella. All three cars cost ~2000 annually. The X7 is ~900 of it. 500K/500K with 1000 deductible. This will go up considerably as I will be adding two teen drivers next year.

I'm in MO and have 2 teenage drivers, one did have an accident, so my insurance for 5 cars is now $6700/year. The X7 is $2132/yr and my sports car is $1778/yr. My oldest son's car is $1442/yr and my 16 yr old is $910/yr but his is a 2002 Firebird.

Good times.

NLRMS · 08-12-2022, 01:27 PM

$457 with Progressive for a 2022 XB7 for 6 months. $500 deductible for collision and comprehensive. Also have my 2nd car on the policy for $380.

Jackieone · 08-12-2022, 04:01 PM

Got a quote from Geigo, $1978 / 6 months, 300/500 liability, $500 deductible.
34, live in Brooklyn NY, only drive it on weekend, probably put 2-3k miles a year

BMW5and7 · 08-12-2022, 10:46 PM

House, X7 50i and 530e - all together $3,150 per year ($1000 for home-insurance, and ~$2200/yr for both the X7 and the 530e. The X7 alone is ~$1,140 per year.)

2019 X7 50i "120K MSRP" is $95 per month (Full coverage, max'd all coverage options, Two drivers, $500 deductible)
2019 530e "~75K MSRP" is $90 per month (full coverage, max'd all coverage options, Two drivers, $500 deductible)

JJ(BM)Dubya · 08-12-2022, 11:14 PM

Quote:

Originally Posted by BMW5and7

House, X7 50i and 530e - all together $3,150 per year

2019 X7 50i "120K MSRP" is $95 per month (Full coverage, max'd all coverage options, Two drivers, $500 deductible)
2019 530e "~75K MSRP" is $90 per month (full coverage, max'd all coverage options, Two drivers, $500 deductible)

How do you get to $3150 if you’re only paying $185 per month total?

awesoM · 08-12-2022, 11:49 PM

Before I traded our 2021 X5 45e it was $745 for 6 months with a 250 deductible for both comprehensive and collision. The 2022 X7 we are at $945 for 6 months, 100/300/100. Elephant Insurance.

Phasers · 08-13-2022, 01:43 PM

Quote:

Originally Posted by JJ(BM)Dubya

How do you get to $3150 if you’re only paying $185 per month total?

Presumably that includes their homeowners insurance.

BMW5and7 · 08-13-2022, 07:07 PM

Quote:

Originally Posted by JJ(BM)Dubya

How do you get to $3150 if you’re only paying $185 per month total?

As indicated in my answer, that number also includes the house homeowner insurance which is about a ~$1000 per year.

rosscgeller · 08-13-2022, 09:16 PM

Almost useless to compare this. Too many variables that impact the costs: driving record, age, zip code, other cars, packages with homeowners, umbrella coverage, etc.

For example, in my zip code I pay ~$2000/year. If I went a town over, bigger city, etc, I’d be closer to $4,000/year.

05-13-2022, 09:11 PM	#23
West01 Enlisted Member 13 Rep 43 Posts Drives: BMW X7 Join Date: Feb 2022 Location: Australia iTrader: (0)	I'm in Australia and I went from an x5 to an x7 37 years old, no accidents. I was quite disappointed that my premium went up a lot when I got the x7. It was $86 aud a month and now it's $165aud
	Appreciate 0 Quote

05-14-2022, 09:22 AM	#24
rich5741 Second Lieutenant 72 Rep 268 Posts Drives: BMW X7 xDrive40i Join Date: Feb 2021 Location: New York, NY iTrader: (0)	39, NYC, $1500/6 months. X740i is our only car, but we do have home, personal articles, a couple million in umbrella. And its a lease which I understand means a small premium. GEICO. $300/600 liability and $500 deductible. When I switched cars, I noticed both the liability and the comprehensive went up, so I guess they are pricing in higher damage the X7 can do to the other car by being so much bigger?
	Appreciate 0 Quote

05-14-2022, 08:21 PM	#26
Tr4ckD4ys Lieutenant 389 Rep 541 Posts Drives: '22 X7 M50i / TBii / Tartufo Join Date: Jun 2020 Location: Noneya, NY iTrader: (0)	165 USD/month at 250/500 coverage in most categories (ie uninsured driver et cetera) with 1k deductible both on collision and comprehensive. With Liberty Mutual. __________________ I like ze Autobahn
	Appreciate 0 Quote

05-15-2022, 10:31 AM	#27
Hoa Major 513 Rep 1,356 Posts Drives: BMW Join Date: May 2010 Location: GA iTrader: (9)	2020 X7 40i Progressive 100K/300K $500 deductible $381/6mo $1,699 for 6 cars
	Appreciate 0 Quote

08-12-2022, 06:46 AM	#29
SturgisOttis Registered 0 Rep 1 Posts Drives: bmw Join Date: Aug 2022 Location: usa iTrader: (0)	I was very worried when I took out the insurance, so I took the biggest package on purpose. It even included theft and fire insurance. When I was looking for my insurance company, I decided to consult my friend. He advised me the insurance company Youi, where he insured his car. And I have never once regretted my decision. So it sounds like you should get your new car insured. It's better to make sure you don't have to pay ten times as much later. Last edited by SturgisOttis; 08-21-2022 at 04:07 AM..
	Appreciate 0 Quote

08-12-2022, 07:41 AM	#30
jdloyd01 Private First Class 173 Rep 154 Posts Drives: 2023 X7 xDrive40i Join Date: Jul 2022 Location: MO iTrader: (0)	Similar to others, I have cars bundled with home and umbrella. All three cars cost ~2000 annually. The X7 is ~900 of it. 500K/500K with 1000 deductible. This will go up considerably as I will be adding two teen drivers next year.
	Appreciate 0 Quote

08-12-2022, 01:27 PM	#32
NLRMS Second Lieutenant 206 Rep 245 Posts Drives: BMW XB7 Alpina Join Date: Jul 2021 Location: USA iTrader: (0)	$457 with Progressive for a 2022 XB7 for 6 months. $500 deductible for collision and comprehensive. Also have my 2nd car on the policy for $380. Last edited by NLRMS; 08-12-2022 at 03:35 PM..
	Appreciate 0 Quote

08-12-2022, 04:01 PM	#33
Jackieone New Member 6 Rep 12 Posts Drives: X7 40i Join Date: Jul 2022 Location: NYC iTrader: (0)	Got a quote from Geigo, $1978 / 6 months, 300/500 liability, $500 deductible. 34, live in Brooklyn NY, only drive it on weekend, probably put 2-3k miles a year
	Appreciate 1 newbimmerx715.50 Quote

08-12-2022, 10:46 PM	#34
BMW5and7 Lieutenant Colonel 1062 Rep 1,514 Posts Drives: X7;X5;S-Class;Navigator Join Date: Jul 2022 Location: U.S. and Germany iTrader: (0)	House, X7 50i and 530e - all together $3,150 per year ($1000 for home-insurance, and ~$2200/yr for both the X7 and the 530e. The X7 alone is ~$1,140 per year.) 2019 X7 50i "120K MSRP" is $95 per month (Full coverage, max'd all coverage options, Two drivers, $500 deductible) 2019 530e "~75K MSRP" is $90 per month (full coverage, max'd all coverage options, Two drivers, $500 deductible) Last edited by BMW5and7; 08-13-2022 at 07:08 PM..
	Appreciate 0 Quote

08-12-2022, 11:49 PM	#36
awesoM Lieutenant 307 Rep 483 Posts Drives: 2023 i4 edrive35 2022 X7 M50 Join Date: Jan 2016 Location: Richmond VA iTrader: (0)	Before I traded our 2021 X5 45e it was $745 for 6 months with a 250 deductible for both comprehensive and collision. The 2022 X7 we are at $945 for 6 months, 100/300/100. Elephant Insurance. __________________ Currently: 2024 iX xDrive50 & 2022 X7 M50i In the rear view mirror: 94 325is/07 528i/08 X5 3.0/08 328i Conv/11 X5 35i Prem/12 X5 35d/12 335i Conv/15 328d/15 328GT/15 X3 28d #1/15 X3 28d #2/16 X3 35i/16 X5M/16 M4 Conv/17 330e/21 X5 45e - Arctic Grey/21 X5 45e - Alpine White /21 330e Xdrive/I4 e35
	Appreciate 0 Quote

08-13-2022, 09:16 PM	#39
rosscgeller Enlisted Member 12 Rep 49 Posts Drives: 2022 G07 MSport Join Date: Nov 2019 Location: Shrewsbury, MA iTrader: (0) Garage List 2022 BMW X7 MSport [0.00]	Almost useless to compare this. Too many variables that impact the costs: driving record, age, zip code, other cars, packages with homeowners, umbrella coverage, etc. For example, in my zip code I pay ~$2000/year. If I went a town over, bigger city, etc, I’d be closer to $4,000/year.
	Appreciate 1 coolerbythelake282.00 Quote