2023 BMW X5 Car Insurance Calculator

Explore and understand how changes to risk factors and vehicle options affect car insurance rates for a 2023 BMW X5. Play around with factors like driver's age, policy discounts, X5 trim level, and driving record. Find out instantly if the change you make results in cheaper or more expensive car insurance.

The average estimated car insurance premium for a 2023 BMW X5 is $2,886 per year, or about $241 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,886

Cost Per Month

$241

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW X5 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 BMW X5.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,886
Average Rate
Your Rate
$2,886

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 BMW X5 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 BMW X5 is $2,886.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 BMW X5 vs. the Midsize Luxury SUV Segment

The table below compares insurance rates for the 2023 BMW X5 against all other models in the midsize luxury SUV segment. The BMW X5 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW X5, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW X5.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 BMW X5 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Lexus RX 350$2,044-$842
2Infiniti QX50$2,112-$774
3Cadillac XT5$2,166-$720
4Cadillac XT6$2,206-$680
5Acura MDX$2,272-$614
6Lincoln Nautilus$2,306-$580
7Lexus RX 350L$2,332-$554
8Land Rover Discovery Sport$2,334-$552
9Jaguar E-Pace$2,356-$530
10Volvo V90$2,376-$510
11Lexus RX 450h$2,404-$482
12Lexus GX 460$2,430-$456
13Volvo V60$2,446-$440
14Lexus RX 450hL$2,454-$432
15Mercedes-Benz AMG GLB35$2,500-$386
16Genesis GV80$2,504-$382
17Audi SQ5$2,512-$374
18Lincoln Aviator$2,532-$354
19Infiniti QX60$2,548-$338
20Mercedes-Benz GLE450$2,570-$316
21Mercedes-Benz GLE350$2,604-$282
22Land Rover Discovery$2,616-$270
2023 Midsize Luxury SUV Average$2,652-$234
23Mercedes-Benz AMG GLC43$2,654-$232
24Audi Q7$2,720-$166
25Audi e-tron$2,814-$72
26Tesla Model X$2,826-$60
27Mercedes-Benz AMG GLE53$2,830-$56
28BMW X5$2,886--
29Audi Q8$2,894$8
30Land Rover Range Rover Sport$2,918$32
31Audi SQ7$3,056$170
32BMW iX$3,102$216
33BMW X6$3,160$274
34Porsche Cayenne$3,186$300
35Mercedes-Benz AMG GLE63$3,340$454
36Audi RS 6$3,394$508
37BMW XM$3,722$836

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 X5 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW X5.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 BMW X5 Insurance Rates by Trim Level
2023 BMW X5 Trim Level Annual Premium Cost Per Month
sDrive40i$2,668$222
xDrive40i$2,718$227
xDrive45e$2,750$229
M50i xDrive$3,042$254
M xDrive$3,256$271

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW X5 for different driver ages.

2023 BMW X5 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$10,312$859
17$10,084$840
18$9,206$767
19$8,290$691
20$6,367$531
21$6,068$506
22$5,446$454
23$4,375$365
24$4,166$347
25$3,368$281
30$3,094$258
35$2,958$247
40$2,886$241
45$2,684$224
50$2,534$211
55$2,370$198
60$2,382$199
65$2,554$213
70$2,730$228
75$3,188$266
80$3,954$330

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW X5 trim levels.