BMW iX Insurance Rates for 2023

How much does BMW iX insurance cost? We break down average insurance rates for BMW's iX electric SUV to see how they compare to other luxury models.

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  • Car insurance on a BMW iX costs around $2,396 per year, $1,198 for a 6-month policy, or around $200 per month.
  • Ranked 32nd out of 37 other models in the 2023 midsize luxury SUV class, car insurance rates for the BMW iX cost $346 more per year than the average cost for the segment.

How much does BMW iX insurance cost?

You will want to budget an average of $2,396 a year to insure a BMW iX for full coverage. Rates vary by location, however, and can range from as low as $1,444 up to $2,850 or more depending on where you live.

A typical car insurance policy consists of essentially three coverages. For the BMW iX, the estimated cost of these coverages are: liability and medical coverage costs $484 a year, comprehensive costs $630, and the remaining collision coverage costs $1,282.

The rate chart below shows how BMW iX auto insurance prices can changed based on different driver ages and physical damage deductibles chosen for the policy.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 BMW iX with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW iX trim levels.Data last updated on December 29, 2022
BMW iX Car Insurance Rates
2023 BMW iX Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,926$327
$500$4,782$399
$250$5,684$474
30$1,000$2,084$174
$500$2,556$213
$250$3,050$254
40$1,000$1,962$164
$500$2,396$200
$250$2,850$238
50$1,000$1,788$149
$500$2,178$182
$250$2,586$216
60$1,000$1,758$147
$500$2,140$178
$250$2,542$212

How does BMW iX insurance compare to similar vehicles?

When compared to other midsize luxury SUVs, insurance rates for a 2023  BMW iX cost $818 more per year than the Lexus RX 350, $166 more than the BMW X5, and $640 more than the Acura MDX.

The BMW iX ranks 32nd out of 37 total vehicles in the midsize luxury SUV category for most affordable car insurance rates. At $2,396 per year for an auto insurance policy with full coverage, the iX costs $346 more per year than the $2,050 average for the segment.

The next table compares the cost to insure a BMW iX to other popular competing models like the Cadillac XT5, Infiniti QX60, and the Lexus GX 460. All 37 2023 midsize luxury SUVs are ranked from cheapest to most expensive average car insurance cost.

Insurance Cost Comparison: BMW iX vs Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Lexus RX 350$1,578-$818
2Infiniti QX50$1,632-$764
3Cadillac XT5$1,676-$720
4Cadillac XT6$1,716-$680
5Acura MDX$1,756-$640
6Lincoln Nautilus$1,786-$610
7Lexus RX 350L$1,804-$592
8Land Rover Discovery Sport$1,806-$590
9Jaguar E-Pace$1,808-$588
10Volvo V90$1,838-$558
11Lexus RX 450h$1,858-$538
12Lexus GX 460$1,880-$516
13Lexus RX 450hL$1,890-$506
14Volvo V60$1,896-$500
15Mercedes-Benz AMG GLB35$1,934-$462
16Genesis GV80$1,936-$460
17Audi SQ5$1,940-$456
18Lincoln Aviator$1,958-$438
19Infiniti QX60$1,974-$422
20Mercedes-Benz GLE450$1,990-$406
21Mercedes-Benz GLE350$2,014-$382
22Land Rover Discovery$2,022-$374
23Mercedes-Benz AMG GLC43$2,056-$340
24Audi Q7$2,104-$292
25Audi e-tron$2,174-$222
26Tesla Model X$2,184-$212
27Mercedes-Benz AMG GLE53$2,190-$206
28BMW X5$2,230-$166
29Audi Q8$2,238-$158
30Land Rover Range Rover Sport$2,254-$142
31Audi SQ7$2,362-$34
32BMW iX$2,396--
33BMW X6$2,442$46
34Porsche Cayenne$2,462$66
35Mercedes-Benz AMG GLE63$2,582$186
36Audi RS 6$2,624$228
37BMW XM$2,872$476

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on December 30, 2022
Insurance Cost Comparison: BMW iX vs Midsize Luxury SUVs