- BMW X2 car insurance cost averages $2,372 per year for a full coverage policy, depending on the trim level.
- When compared to the entire small luxury SUV segment, the X2 falls near the middle of the pack at 19th out of 34 total comparison vehicles.
- The cheapest BMW X2 to insure is the sDrive at around $2,282 per year, and the most expensive model to insure is the M35i xDrive at $2,500 annually.
How much does BMW X2 car insurance cost?
Average car insurance rates for a 2022 BMW X2 cost $2,372 annually for a policy with full coverage. Collision insurance is about $1,114 a year, comprehensive (or other-than-collision) coverage will cost around $542, and the remaining liability and medical (or PIP) coverage is $716.
The following chart demonstrates how average BMW X2 car insurance rates fluctuate depending on driver age and different policy deductibles.
Rates range from the lowest price of $1,662 per year for a driver age 60 with a $1,000 policy deductible to the most expensive rate of $5,602 annually for a driver age 20 with a $250 policy deductible.
The following table shows average BMW X2 car insurance rates for the 2018 to 2022 model years. Annual full coverage insurance prices range from $1,858 for a 2018 BMW X2 to $2,372 for the 2022 model year.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 BMW X2 | $2,452 | $204 |
| 2023 BMW X2 | $2,428 | $202 |
| 2022 BMW X2 | $2,334 | $195 |
| 2021 BMW X2 | $2,292 | $191 |
| 2020 BMW X2 | $2,048 | $171 |
| 2019 BMW X2 | $1,946 | $162 |
| 2018 BMW X2 | $2,092 | $174 |
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 BMW X2 trim levels for each model year. Updated June 27, 2025
Compared to other compact luxury SUVs
When insurance cost is compared to the best-selling models in the small luxury SUV category, the BMW X2 costs $108 less per year than the Audi Q5, $248 less per year than the BMW X3, $72 more per year than the Volvo XC60, and $540 more per year than the Acura RDX.
The BMW X2 ranks 19th out of 34 comparison vehicles in the 2022 compact luxury SUV class. The X2 costs an estimated $2,372 per year to insure, while the category median average cost is $2,397 annually, a difference of $25 per year.
The chart below shows how BMW X2 car insurance rates compare to other top-selling small luxury SUVs like the Lexus NX 300, Mercedes-Benz GLC300, and the Acura RDX. Also included after the chart is a larger table that illustrates average insurance cost for all 34 models in the segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura RDX | $1,832 | -$540 |
| 2 | Cadillac XT4 | $1,878 | -$494 |
| 3 | Volvo XC40 | $2,058 | -$314 |
| 4 | Lexus NX 250 | $2,126 | -$246 |
| 5 | BMW X1 | $2,130 | -$242 |
| 6 | Mercedes-Benz GLB 250 | $2,142 | -$230 |
| 7 | Lexus UX 250h | $2,146 | -$226 |
| 8 | Lexus NX 350h | $2,160 | -$212 |
| 9 | Lexus NX 350 | $2,180 | -$192 |
| 10 | Lexus UX 200 | $2,184 | -$188 |
| 11 | Lexus NX 450h | $2,238 | -$134 |
| 12 | Volvo C40 | $2,252 | -$120 |
| 13 | Land Rover Evoque | $2,260 | -$112 |
| 14 | Lincoln Corsair | $2,264 | -$108 |
| 15 | Mercedes-Benz GLC300 | $2,266 | -$106 |
| 16 | Mercedes-Benz GLA250 | $2,288 | -$84 |
| 17 | Audi Q3 | $2,292 | -$80 |
| 18 | Volvo XC60 | $2,300 | -$72 |
| 19 | BMW X2 | $2,372 | -- |
| 20 | Mercedes-Benz GLA35 AMG | $2,408 | $36 |
| 21 | Infiniti QX55 | $2,422 | $50 |
| 22 | Genesis GV70 | $2,450 | $78 |
| 23 | Audi Q5 | $2,480 | $108 |
| 24 | Mercedes-Benz GLA45 AMG | $2,494 | $122 |
| 25 | Audi Q4 | $2,508 | $136 |
| 26 | Land Rover Defender | $2,522 | $150 |
| 27 | Land Rover Range Rover Velar | $2,532 | $160 |
| 28 | Alfa Romeo Stelvio | $2,584 | $212 |
| 29 | BMW X3 | $2,620 | $248 |
| 30 | Porsche Macan | $2,712 | $340 |
| 31 | Jaguar I-Pace | $2,768 | $396 |
| 32 | Jaguar F-Pace | $2,840 | $468 |
| 33 | BMW X4 | $2,920 | $548 |
| 34 | Aston Martin DBX | $3,884 | $1,512 |
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 vehicle from the 2022 model year. Updated June 27, 2025
What is the cheapest BMW X2 to insure?
The BMW X2 model with the cheapest insurance rates is the base sDrive trim (MSRP of $36,600) costing $2,282 per year, or about $190 per month. The $46,450 M35i xDrive trim is the most expensive to insure, costing an average of $218 more per year.
The next table shows average car insurance rates for each trim level available for the 2022 BMW X2. Full coverage annual and semi-annual prices are included.
| 2024 BMW X2 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| xDrive28i | $2,354 | $196 |
| M35i | $2,550 | $213 |
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. Updated June 27, 2025
Additional rates and information
Car insurance rates on a X2 have a lot of variability due to factors like your location, your driving record, and the coverage levels selected on the policy. Below are some additional rates for different situations and also some possible auto insurance discounts to keep an eye out for on your next policy.
- It’s expensive to buy high risk insurance. For a 30-year-old driver, having too many accidents or violations increases the cost of insurance on a new X2 by $2,966 or more per year.
- Get cheaper rates by researching policy discounts. Discounts may be available if the policyholders sign their policy early, insure their home and car with the same company, drive a vehicle with safety or anti-theft features, are loyal customers, are senior citizens, or many other policy discounts which could save the average driver as much as $406 per year.
- The higher the deductibles, the lower the cost. Increasing your policy deductibles from $500 to $1,000 could save around $376 per year for a 40-year-old driver and $742 per year for a 20-year-old driver.
- Lowering deductibles makes car insurance more expensive. Decreasing your policy deductibles from $500 to $250 could cost an additional $392 per year for a 40-year-old driver and $786 per year for a 20-year-old driver.
- BMW X2 insurance for teen drivers is expensive. Average rates for full coverage X2 insurance costs $8,555 per year for a 16-year-old driver, $8,292 per year for a 17-year-old driver, and $7,431 per year for an 18-year-old driver.
- Your employment could save you money. Many insurance companies offer policy discounts for having a job in professions like farming, emergency medical technicians, members of the military, accountants, nurses, doctors, and other occupations. Getting this discount applied to your policy could save between $71 and $227 on your annual insurance cost, depending on the age of the rated driver.