Cadillac Escalade vs. BMW X5 Auto Insurance (2024)
When it comes to auto insurance, the Cadillac Escalade is cheaper than the BMW X5. The average annual premium for the Escalade is $1,502, compared to $2,136 for the BMW X5.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
UPDATED: Jul 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
According to Forbes, increasing numbers of drivers are opting for SUVs in the United States.
Indeed, in spite of rising gas prices, the SUV market has doubled to 14 percent since 2006.
These super-luxury SUVs are not just costly to buy and drive, they can be very expensive to insure. So make sure you do the most you can to get the best insurance deal possible.
If you are looking for great auto insurance rates, type your ZIP code into the FREE rate finder tool now!
- The Cadillac Escalade and the BMW X5 are luxury vehicles that can be expensive to insure
- You can lower your car insurance bill by driving carefully, asking for discounts, and lowering your deductible
- A variety of factors impact car insurance rates including age, gender, location, and credit score
The Cadillac Escalade
Sold by Cadillac, the luxury brand of General Motors, the Cadillac Escalade is a full-size luxury SUV. The Escalade was introduced into the U.S. market in 1999.
With a six-liter V-8 engine, the Escalade has a 0-60 mph acceleration of 8.2 seconds and comes in a hybrid version that accounts for 20 percent of the model’s sales.
According to Cadillac, the Escalade starts at $39,395 and goes up to $73,395 MSRP for its hybrid version.
Experts have lauded the Escalade for having a recognizable sleek exterior, easy handling given its heft, and beautifully appointed interiors.
The truck-based SUV does not have very good gas mileage but is a distinctive car with a range of options such as:
- Heated and cooling cup holders
- Tri-zone climate control
- Eight-inch touchscreen navigation system
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The BMW X5
image sourceThe BMW X5 is a midsize luxury vehicle that made its debut in 1999. According to BMW, the X5 is meant “for every path, even those without a road.”
BMW has branded the X5 as a Sport Activity Vehicle (SAV) instead as an SUV to underscore its high levels of performance on the road, in spite of its large size.
The BMW X5 is known for its stability and easy handling, sleek exteriors and multiple luxury features such as:
- Steering wheel with tilt-and-telescoping adjustments
- iDrive interface
- Bluetooth technology
- BMW Assist
- Auto-dimming mirrors
- Front and rear parking sensors
- Rear privacy glass
- Heated front seats
The BMW X5 is one of the most popular vehicles on American roads, so make sure you protect your car and your family with the best insurance possible.
Read more: BMW Auto Insurance
Obtaining Insurance Coverage
Car insurance is a legal requirement if you plan to drive on American roads. Car insurance is meant to protect you, your family, and your assets in case you are involved in an accident where you are at fault.
While certain kinds of car insurance are mandatory, insurance companies offer a range of non-essential insurance that could be helpful after an accident.
Depending on your budget, you can tailor your auto insurance to give you the maximum amount of protection for your family.
Some optional forms of car insurance include:
- Collision coverage – Covers all damages caused by an automobile accident. This is an important part of insurance coverage if you drive expensive cars like the Escalade or the X5
- Comprehensive coverage – Pays for all damages except those caused by an automobile accident. Comprehensive coverage includes weather damage, human errors, and criminal acts
- Property damage liability (PDL) – Cover the charges for any damage caused by you to another person’s car or property including buildings, road signs, and fences
- Rental car insurance – Pays for any damage or destruction of your rental car. If you own a car and need to rent for travel, your insurance should cover you
- Mechanical breakdown insurance – Pays for parts and systems in your car, and is a great form of coverage for owners of expensive cars with high cost of auto parts
Lowering Your Car Insurance Bill
https://www.youtube.com/watch?v=QKonXoJZaoA
According to CNNMoney.com, auto insurance companies consider the driver and his record as a statistic to determine risk. Insurance providers set insurance rates that will safeguard their profits.
While insurance companies protect their bottom lines, you can take certain actions that can save you a ton of money on your car insurance.One of the most important cost-saving measures involves
One of the most important cost-saving measures involves doing some in-depth research to understand the different kinds of insurance and the optimum amount you should get.
Comparison-shopping is another important step. Research a company’s financial and customer service history. Compare their claim histories and customer service reviews.
Insurance companies will reward you for bundling your policies. So if possible, insure all your vehicles, home, health, and life with the same companies.
Car insurance companies regularly offer new discounts to attract customers besides the standard good driver and good student rewards.
Insurance experts regularly suggest raising your deductibles to lower your insurance payments.
Being aware of a high deductible might push you to drive carefully and prevent you from making minor claims that could mar your claims records.
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Factors that Affect Insurance Quotes
Every auto insurance company has a set formula for calculating its premiums, rates, claims, and coverage limits.
While these formulas are difficult for laypeople to understand, drivers should know that there are certain factors that feature in each of these formulae:
- Driving record – A clean driving record implies a safe and solid driver. Lack of speeding tickets, punitive points, or citations indicates careful driving, which in turns translates into lower insurance rates.
- Claims record – A clean claims record is a huge indicator for insurance companies. If you make a claim, it remains on your record for at least three years. So be careful and weigh all your options before making a claim.
- Safety features – Crash test ratings and safety features also make a difference to insurance numbers. You can check your vehicle’s ratings at Insurance Institute for Highway Safety website.
- Location – If you live in regions with a history of inclement geographical or weather conditions, you are likely to pay more. Similarly, urban dwellers pay more as do the residents of high crime neighborhoods.
- Demographics – Insurance companies also focus on the age, gender, education, profession, and marital status of the drivers. If you are below the age of 25 and above 65, research indicates that you are riskier drivers. Men pay more than women do, and married people pay less than single people do.
- Credit rating – According to MyFICO, credit scores are regularly requested by insurance companies to gauge the financial worthiness of an applicant. The higher your score, the better are your chances at receiving lower rates of insurance.
Buying Insurance for Your Luxury SUV
If you are in the market for insurance for your luxury SUV, make sure you look at all factors in your insurance policy.
Talk to your friends and family for recommendations.
Explore all options including online sites and independent agents.
Type your ZIP code into our FREE toolbox to compare quotes from several auto insurance providers at once!
Frequently Asked Questions
Which car, the Cadillac Escalade or the BMW X5, typically has higher auto insurance rates?
Generally, the Cadillac Escalade tends to have higher auto insurance rates compared to the BMW X5. This is mainly because the Escalade is a luxury SUV with a higher value and repair costs. Insurance companies consider factors such as the car’s value, safety features, repair costs, and historical data on claims when determining insurance rates.
Are the insurance rates for the Cadillac Escalade and BMW X5 affected by other factors besides the type of car?
Yes, insurance rates for both the Cadillac Escalade and BMW X5 are influenced by various factors. Besides the vehicle itself, insurance companies take into account factors such as the driver’s age, driving history, location, credit score, annual mileage, and the intended use of the vehicle. These factors can have an impact on the overall insurance rates for both vehicles.
Are there any specific safety features or anti-theft systems in the Cadillac Escalade and BMW X5 that can affect insurance rates?
Yes, the presence of safety features and anti-theft systems in a vehicle can influence insurance rates. Both the Cadillac Escalade and BMW X5 typically come equipped with advanced safety features, such as collision warning systems, lane departure warning, adaptive cruise control, and multiple airbags. Additionally, anti-theft systems like alarm systems, tracking devices, and immobilizers can also help reduce the risk of theft and may result in lower insurance premiums.
Can I get discounts on auto insurance for either the Cadillac Escalade or BMW X5?
Many insurance companies offer various discounts that could potentially apply to both the Cadillac Escalade and BMW X5. These discounts might include safe driver discounts, multi-policy discounts (if you insure other vehicles or property with the same company), anti-theft device discounts, good student discounts (for young drivers with good grades), and low mileage discounts. It’s advisable to check with different insurance providers to see which discounts you may qualify for and compare quotes accordingly.
Should I compare insurance quotes from different companies before insuring my Cadillac Escalade or BMW X5?
Yes, it’s highly recommended to obtain and compare insurance quotes from multiple companies before finalizing your auto insurance for either the Cadillac Escalade or BMW X5. Insurance rates can vary significantly between different providers, so comparing quotes allows you to find the best coverage options and rates that suit your needs. Consider factors such as coverage limits, deductibles, customer service reputation, and the overall value provided by each insurer.
Are there any steps I can take to potentially lower my auto insurance premiums for the Cadillac Escalade or BMW X5?
Yes, there are several steps you can take to help lower your auto insurance premiums. Here are a few tips:
- Increase your deductible: Opting for a higher deductible can lower your premium, but keep in mind that you’ll be responsible for paying more out of pocket in the event of a claim.
- Maintain a clean driving record: Avoid traffic violations and accidents, as a clean driving record can lead to lower insurance rates.
- Bundle your policies: If you have other insurance policies, such as homeowners or renters insurance, consider bundling them with your auto insurance to potentially receive a multi-policy discount.
- Inquire about discounts: Ask your insurance provider about available discounts, such as safe driver discounts, anti-theft device discounts, or low mileage discounts.
- Shop around: As mentioned earlier, compare quotes from different insurance companies to find the most competitive rates and coverage options.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.