Lexus RX 350 vs. BMW X5 Insurance – Which is Cheaper?

• At an average cost of $2,406 per year, a 2024 Lexus RX 350 costs less to insure than a 2024 BMW X5 by an average of $662 per year.
• Average car insurance cost per month for the BMW X5 is 24.1% more expensive than the Lexus RX 350, at $201 versus $256, a difference of $55.
• Out of 41 models in the 2024 midsize luxury SUV segment, the Lexus RX 350 ranks eighth and the BMW X5 ranks 30^th for cheapest auto insurance.

2024 Lexus RX 350 vs. BMW X5

For the 2024 model year, the model with cheaper average insurance rates is the Lexus RX 350. Insurance on a Lexus RX 350 costs an average of $2,406 per year, whereas insurance for the BMW X5 averages $3,068 per year.

For the nine trim levels available for the 2024 Lexus RX 350, the cheapest trim to insure is the Base FWD model at an average cost of $2,292 per year. Out of the five trim levels available for the BMW X5, the cheapest 2024 model to insure is the sDrive40i model at a cost of $2,816 per year, or about $235 per month.

When average car insurance prices for all 14 trim levels for the 2024 model year of both models are compared, the cheapest model and trim level is the Lexus RX 350 Base FWD at an average of $2,292 per year. The highest-cost model and trim is the BMW X5 M AWD at an average cost of $3,490 per year.

The rate table below compares and ranks the annual and monthly car insurance cost for 2024 Lexus RX 350 and BMW X5 models, showing average cost for each trim level.

The chart below illustrates the average cost to insure both models rated for a variety of different driver ages. For a 2024 Lexus RX 350, insurance cost ranges from $2,116 to $4,864 per year for these driver ages. A 2024 BMW X5 costs from $2,690 to $6,282 to insure per year.

The rate tables below illustrate trim level insurance rates for each 2024 model, including an overall average rate. The 2024 Lexus RX 350 has cheaper overall car insurance rates than the 2024 BMW X5.

2023 Lexus RX 350 vs. BMW X5

For new RX and X5 models, the model having the cheapest rates is the Lexus RX 350. Insurance rates on a Lexus RX 350 cost an average of $2,096 per year, and the BMW X5 averages $2,958 per year.

Out of four Lexus RX 350 trims, the cheapest 2023 model to insure is the Base 2WD model at an average cost of $2,046 per year.

The 2023 BMW X5 has five trim levels available, with the cheapest model to insure being the sDrive40i trim at an average cost of $2,732 per year, or around $228 per month.

When rates are compared for the nine trim levels of both 2023 models, the lowest-cost model and trim level to insure is the Lexus RX 350 Base 2WD at a cost of $2,046 per year, and the most expensive trim is the BMW X5 M xDrive at a cost of $3,334 per year.

The chart shown below demonstrates average Lexus RX 350 and BMW X5 insurance rates for 2023 models, broken out by driver age.

The chart below visualizes the average cost to insure the two models using drivers aged 20 to 50. Average car insurance cost ranges from $1,840 to $4,164 per year for a 2023 Lexus RX 350, and $2,596 to $6,068 for a 2023 BMW X5 for the example age groups.

The tables below display trim level insurance cost averages for both 2023 models, including the average rate for each model.

2022 Lexus RX 350 vs. BMW X5

When comparing insurance rates for 2022 models, a Lexus RX 350 costs an average of $2,254 per year to insure and a BMW X5 costs $2,784, making the Lexus RX 350 cheaper to insure by $530 per year for this comparison year.

The next chart displays the average cost to insure both models using different driver ages. For a 2022 Lexus RX 350, the average cost of car insurance ranges from $1,988 to $4,518 per year. A 2022 BMW X5 costs from $2,446 to $5,694 to insure per year.

Out of six trims for the 2022 Lexus RX 350, the cheapest car insurance rates are on the 2WD model at a cost of $2,166 per year.

For the five trim levels available for the BMW X5, the cheapest 2022 model to insure is the sDrive model at a cost of $2,572 per year, or around $214 per month.

When comparing aggregated rates for both models from a trim-level perspective, the most affordable model and trim level to insure is the Lexus RX 350 2WD at an average rate of $2,166 per year, and the overall most expensive vehicle to insure is the BMW X5 M xDrive at an average of $3,136 per year.

The next two rate tables show all the available trims for both 2022 models, including an overall average cost for each model. The winner for the 2022 car insurance battle is the Lexus RX 350.

2021 Lexus RX 350 vs. BMW X5

When comparing insurance cost for 2021 models, the Lexus RX 350 costs an average of $2,198 per year to insure and the BMW X5 costs $2,624, making the Lexus RX 350 the winner by $426 for the 2021 comparison year.

The next chart displays the average cost to insure the two models for drivers aged 20 to 50. For a 2021 Lexus RX 350, average car insurance cost ranges from $1,936 to $4,410 per year for the included driver ages. A 2021 BMW X5 costs from $2,302 to $5,350 to insure per year.

Out of eight trim levels for the 2021 Lexus RX 350, the cheapest car insurance rates are on the 2WD trim at a cost of $2,124 per year. Out of the 14 trims available for the BMW X5, the cheapest 2021 model to insure is the sDrive 40i AWD trim at a cost of $2,422.

When insurance prices for all 22 trims of both models are combined and sorted by cost, the cheapest model and trim level to insure is the Lexus RX 350 2WD at an average rate of $2,124 per year. The most expensive model and trim level is the BMW X5 m50i Executive AWD costing an average of $2,818 per year.

The next two tables show all the available trims for both 2021 models, including the average rate for each model. The 2021 Lexus RX 350 has more affordable average car insurance than the 2021 BMW X5.

2020 Lexus RX 350 vs. BMW X5

When comparing car insurance rates for the 2020 Lexus RX 350 and BMW X5 models, the Lexus RX 350 is cheaper to insure by an average of $408 per year.

The next chart shows the average cost to insure both models rated for drivers aged 20 to 50. Insurance cost ranges from $1,876 to $4,268 per year for a 2020 Lexus RX 350, and $2,226 to $5,168 for a 2020 BMW X5 for the included driver ages.

Out of eight trims for the 2020 Lexus RX 350, the cheapest insurance prices are on the 2WD model at a cost of $2,056 per year.

Out of the 14 trims available for the BMW X5, the cheapest 2020 trim to insure is the sDrive 40i AWD trim at a cost of $2,342 per year, or around $195 per month.

When looking at the aggregated rates by trim for both models, the cheapest vehicle to insure is the Lexus RX 350 2WD at an average of $2,056 per year. The most expensive vehicle to insure is the BMW X5 m50i Executive AWD at an average cost of $2,722 per year.

The next two rate tables illustrate average car insurance rates for each trim level, as well as the overall average rate for each model. The 2020 Lexus RX 350 takes the win over the 2020 BMW X5 for the cheapest average car insurance rates.

2019 Lexus RX 350 vs. BMW X5

For the 2019 Lexus RX 350 and BMW X5 models, the Lexus RX 350 has cheaper car insurance cost by an average of $320 per year for this model year.

The rate chart below demonstrates the average cost to insure the two models using a range of rated driver ages. The average car insurance cost ranges from $1,824 to $4,158 per year for a 2019 Lexus RX 350, and $2,098 to $4,850 for a 2019 BMW X5 for these driver ages.

Out of three trims for the 2019 Lexus RX 350, the cheapest car insurance rates are on the 2WD trim at a cost of $2,050 per year. For the two trims available for the BMW X5, the cheapest 2019 model to insure is the xDrive 40i AWD trim at a cost of $2,300 per year, or around $192 per month.

When rates for all five trim levels for both vehicles are compared, the cheapest trim to insure is the Lexus RX 350 2WD at an average of $2,050 per year, and the most expensive model and trim level is the BMW X5 xDrive 50i AWD costing an average of $2,480 per year.

The two tables below illustrate average cost to insure each trim level for a 2019 Lexus RX 350 and BMW X5, including an overall average cost for each model. The cheapest of the two models to insure for the 2019 model year is the Lexus RX 350.

2018 Lexus RX 350 vs. BMW X5

When comparing insurance cost for 2018 models, the Lexus RX 350 costs an average of $1,938 per year to insure and the BMW X5 costs $2,340, making the Lexus RX 350 the winner by $402.

The rate chart below visualizes the average cost to insure both models for drivers from age 20 to 50. The average cost of car insurance ranges from $1,710 to $3,882 per year for a 2018 Lexus RX 350, and $2,054 to $4,762 for a 2018 BMW X5 for the age groups used in this illustration.

The 2018 Lexus RX 350 has four trims available, with the cheapest trim to insure being the 2WD model at an average cost of $1,894 per year, or $158 per month. For the six trim levels available for the BMW X5, the cheapest 2018 trim to insure is the 3.5i sDrive 2WD trim at a cost of $2,264 per year, or about $189 per month.

When trim-level rates for both models are compared, the overall cheapest vehicle to insure is the Lexus RX 350 2WD at an average rate of $1,894 per year, and the most expensive vehicle to insure is the BMW X5 M AWD costing an average of $2,436 per year.

The two tables below illustrate average car insurance cost by trim level for each 2018 model, along with an average cost for each model. The 2018 Lexus RX 350 comes out on top over the 2018 BMW X5 for cheapest auto insurance rates.

2017 Lexus RX 350 vs. BMW X5

For 2017 Lexus RX 350 and BMW X5 models, the Lexus RX 350 has lower-cost car insurance by an average of $424 per year.

The next chart visualizes the average cost to insure the two models for the 20, 30, 40, and 50-year-old driver age groups. For a 2017 Lexus RX 350, the average car insurance cost ranges from $1,642 to $3,718 per year for the age groups used in this illustration. A 2017 BMW X5 costs from $2,004 to $4,636 to insure per year.

For the four trim levels available for the 2017 Lexus RX 350, the cheapest trim level to insure is the 2WD model at an average cost of $1,816 per year, or about $151 per month.

For the six trim levels available for the BMW X5, the cheapest 2017 trim level to insure is the 3.5d xDrive AWD trim at a cost of $2,166 per year, or around $181 per month.

When rates for all 10 trim levels for both vehicles are compared, the cheapest model and trim level to insure is the Lexus RX 350 2WD at a cost of $1,816 per year. The overall most expensive vehicle to insure is the BMW X5 M AWD at a cost of $2,634 per year.

The next two tables show average cost to insure each trim level for a 2017 Lexus RX 350 and BMW X5, including an overall average cost for each model. The winner for the 2017 car insurance rate comparison is the Lexus RX 350.

2016 Lexus RX 350 vs. BMW X5

For the 2016 Lexus RX 350 and BMW X5 models, the Lexus RX 350 has cheaper car insurance cost by an average of $562 per year for this comparison year.

The next chart illustrates the average cost to insure both 2016 models for drivers from age 20 to 50. The average cost of car insurance ranges from $1,554 to $3,508 per year for a 2016 Lexus RX 350, and $2,052 to $4,724 for a 2016 BMW X5 for the age groups used in this illustration.

The 2016 Lexus RX 350 has three trim levels available, with the cheapest trim level to insure being the 2WD model at an average cost of $1,738 per year, or around $145 per month.

For the six trim levels available for the BMW X5, the cheapest 2016 model to insure is the 3.5i sDrive 2WD model at a cost of $2,172.

When comparing both models at a trim-level basis, the overall cheapest vehicle to insure is the Lexus RX 350 2WD at a cost of $1,738 per year. The most expensive vehicle to insure is the BMW X5 M AWD costing $2,650 per year.

The next two tables display the expected annual car insurance cost by trim level for both 2016 models, including an overall average rate.

2015 Lexus RX 350 vs. BMW X5

When comparing insurance rates for the 2015 Lexus RX 350 and BMW X5 models, the Lexus RX 350 is cheaper by an average of $264 per year.

The chart shown below displays the average cost to insure both models using drivers aged 20 to 50. For a 2015 Lexus RX 350, average insurance cost ranges from $1,626 to $3,670 per year for the driver ages used. A 2015 BMW X5 costs from $1,846 to $4,238 to insure per year.

Out of three Lexus RX 350 trim levels, the cheapest 2015 model to insure is the 2WD model at an average cost of $1,808 per year. The 2015 BMW X5 has five trims available, with the cheapest model to insure being the 3.5i sDrive 2WD trim at an average cost of $1,954 per year, or $163 per month.

When average car insurance prices for all eight trims of both models are combined and sorted by cost, the lowest-cost model and trim level to insure is the Lexus RX 350 2WD at an average cost of $1,808 per year, and the most expensive model and trim level is the BMW X5 M AWD at an average of $2,398 per year.

The next two tables display average car insurance cost by trim level for a 2015 Lexus RX 350 and BMW X5, along with an average cost for each model. The model with the cheapest auto insurance rates for 2015 is the Lexus RX 350.

Additional Lexus RX 350 and BMW X5 Resources

• Lexus RX 350 Insurance
• BMW X5 Insurance
• Midsize Luxury SUV Insurance Rate Comparisons