Insurance: 2018 320iX > 2018 X5 in NYC?

metalblaze · 09-13-2020, 08:14 AM

We live in NYC, and currently have a 2018 320iX and X5 in our household. Both cars were new leases, completely accident free, and the Mrs. and I have terrific driving record.

That said, for the 2nd year in a row, I am observing that the $ to insure the X5 is "at least 5-6%" less than the 320i with the former being at least $15k more expensive.

Is X5 just "cheaper" to insure...? Thought I'd ask here first before I pick up the phone with Travelers Insurance.

Billfitz · 09-13-2020, 08:21 AM

Accident risk is considered when calculating insurance rates. In general X5 owners are older, more conservative drivers than 320 owners, with X5s being in far fewer accidents as a result.

mrfochon · 09-13-2020, 09:59 AM

What's your rate and coverage and company ?

Wires · 09-15-2020, 08:48 AM

Price is based purely on overall claims based on the model. My buddy had a Suzuki SX4 -- that bubble looking AWD hatchback (also claim free) and his rates were more than my 335 which was worth 3x as much, from the same insurance company.

I can insure a Ferrari for about the same or less money than my 340 purely based on the almost zero claim payout.

09-13-2020, 08:14 AM	#1
metalblaze New Member 2 Rep 20 Posts Drives: 2018 X5 (F15) Join Date: Jan 2016 Location: New York, NY iTrader: (0)	Insurance: 2018 320iX > 2018 X5 in NYC? We live in NYC, and currently have a 2018 320iX and X5 in our household. Both cars were new leases, completely accident free, and the Mrs. and I have terrific driving record. That said, for the 2nd year in a row, I am observing that the $ to insure the X5 is "at least 5-6%" less than the 320i with the former being at least $15k more expensive. Is X5 just "cheaper" to insure...? Thought I'd ask here first before I pick up the phone with Travelers Insurance.
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09-13-2020, 08:21 AM	#2
Billfitz Lieutenant General 8239 Rep 16,075 Posts Drives: '15 328iX GT Join Date: Jan 2015 Location: New Hampshire iTrader: (0)	Accident risk is considered when calculating insurance rates. In general X5 owners are older, more conservative drivers than 320 owners, with X5s being in far fewer accidents as a result.
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09-13-2020, 09:59 AM	#3
mrfochon Captain 211 Rep 627 Posts Drives: X5 F15 M package Join Date: Aug 2018 Location: NY iTrader: (0) Garage List 2000 BMW / 318 TDS ... [0.00] 2015 BMW / X5 [0.00]	What's your rate and coverage and company ?
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09-15-2020, 08:48 AM	#4
Wires Brigadier General 1646 Rep 4,876 Posts Drives: 2016 340i xDrive Join Date: Apr 2008 Location: Calgary iTrader: (0)	Price is based purely on overall claims based on the model. My buddy had a Suzuki SX4 -- that bubble looking AWD hatchback (also claim free) and his rates were more than my 335 which was worth 3x as much, from the same insurance company. I can insure a Ferrari for about the same or less money than my 340 purely based on the almost zero claim payout.
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