- BMW X5 insurance costs an average of $3,068 per year or around $256 per month, depending on the trim level.
- The cheapest BMW X5 insurance is the sDrive40i at around $2,816 per year, or $256 per month.
- The model with the most expensive insurance is the M AWD at $3,490 per year, or around $291 per month.
- When compared to other midsize luxury SUVs for the 2024 model year, the BMW X5 is one of the more expensive midsize luxury SUVs to insure, costing $218 more per year on average.
How much does BMW X5 insurance cost?
BMW X5 car insurance rates average $3,068 annually for full coverage, or around $256 each month. Overall, expect to pay approximately $218 more each year for BMW X5 insurance compared to the midsize luxury SUVs average rate, and $792 more per year than the overall national average of $2,276.
Average BMW X5 insurance cost per month ranges from $235 to $291 depending on the trim level being insured. These rates can vary pretty significantly, however, based on factors like driver age, policy limits, driving record, and location.
The following chart demonstrates how driver age and different policy physical damage deductibles can affect the average car insurance cost on a 2024 BMW X5.
For the age groups in the chart above, rates range from a low of $2,084 for a 60-year-old driver with high deductibles to a high of $7,462 for a 20-year-old driver with low deductibles.
Teen drivers cost considerably more to insure, with rates as high as $12,844 for a 16-year-old driving an X5 with full coverage and low deductibles.
The next table shows average insurance rates for different policy terms for the 2013 through 2024 model years.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 BMW X5 | $3,068 | $256 |
| 2023 BMW X5 | $2,958 | $247 |
| 2022 BMW X5 | $2,784 | $232 |
| 2021 BMW X5 | $2,624 | $219 |
| 2020 BMW X5 | $2,536 | $211 |
| 2019 BMW X5 | $2,390 | $199 |
| 2018 BMW X5 | $2,340 | $195 |
| 2017 BMW X5 | $2,280 | $190 |
| 2016 BMW X5 | $2,318 | $193 |
| 2015 BMW X5 | $2,088 | $174 |
| 2014 BMW X5 | $2,316 | $193 |
| 2013 BMW X5 | $1,944 | $162 |
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 X5 trim levels for each model year. Updated October 24, 2025
What is the cheapest BMW X5 insurance?
With BMW X5 insurance cost ranging from $2,816 to $3,490 annually for the average driver, the cheapest 2024 model to insure is the sDrive40i. The next cheapest model to insure is the xDrive40i at $2,864 per year. On average, plan on paying at least $235 per month for X5 insurance.
On the opposite end of the cost range, the three highest cost X5 trim levels to insure are the BMW X5 xDrive50e, the M60i, and the M AWD trim levels at around $2,958, $3,206, and $3,490 per year, respectively.
Average car insurance rates for annual and 6-month policy terms, plus a monthly budget amount, for each 2024 BMW X5 model are shown below.
| 2024 BMW X5 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| sDrive40i | $2,816 | $235 |
| xDrive40i | $2,864 | $239 |
| xDrive50e | $2,958 | $247 |
| M60i | $3,206 | $267 |
| M AWD | $3,490 | $291 |
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 October 24, 2025
Does BMW X5 insurance cost more than similar vehicles?
When compared to some other models in the midsize luxury SUV segment, car insurance for a BMW X5 costs $204 less per year than the BMW iX, $672 more per year than the Acura MDX, and $340 more per year than the Lexus GX 550.
The BMW X5 ranks 30th out of 41 total comparison vehicles in the midsize luxury SUV category. The X5 costs an average of $3,068 per year for full coverage insurance and the class average rate is $2,850 per year, a difference of $218 per year.
The table below shows how well BMW X5 insurance rates fare against the entire midsize luxury SUV class.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Jaguar E-Pace | $2,242 | -$826 |
| 2 | Cadillac XT5 | $2,264 | -$804 |
| 3 | Infiniti QX50 | $2,330 | -$738 |
| 4 | Cadillac XT6 | $2,348 | -$720 |
| 5 | Infiniti QX60 | $2,358 | -$710 |
| 6 | Mercedes-Benz AMG GLB35 | $2,364 | -$704 |
| 7 | Acura MDX | $2,396 | -$672 |
| 8 | Lexus RX 350 | $2,406 | -$662 |
| 9 | Lexus TX 350 | $2,440 | -$628 |
| 10 | Lexus RX 350h | $2,468 | -$600 |
| 11 | Lexus TX 500h | $2,506 | -$562 |
| 12 | Lexus RX 500h | $2,514 | -$554 |
| 13 | Lincoln Nautilus | $2,534 | -$534 |
| 14 | Lexus RX 450h | $2,538 | -$530 |
| 15 | Volvo V90 | $2,558 | -$510 |
| 16 | Audi SQ5 | $2,646 | -$422 |
| 17 | Mercedes-Benz GLE350 | $2,680 | -$388 |
| 18 | Lincoln Aviator | $2,698 | -$370 |
| 19 | Lexus GX 550 | $2,728 | -$340 |
| 20 | Volvo V60 | $2,808 | -$260 |
| 21 | Land Rover Discovery Sport | $2,814 | -$254 |
| 22 | Mercedes-Benz GLE450 | $2,826 | -$242 |
| 23 | Cadillac Lyriq | $2,852 | -$216 |
| 24 | Volvo EX90 | $2,876 | -$192 |
| 25 | Audi Q7 | $2,912 | -$156 |
| 26 | Genesis GV80 | $2,926 | -$142 |
| 27 | Mercedes-Benz AMG GLC43 | $2,938 | -$130 |
| 28 | Audi e-tron | $2,994 | -$74 |
| 29 | Tesla Model X | $3,016 | -$52 |
| 30 | BMW X5 | $3,068 | -- |
| 31 | Audi Q8 | $3,082 | $14 |
| 32 | Land Rover Discovery | $3,100 | $32 |
| 33 | Mercedes-Benz AMG GLE53 | $3,120 | $52 |
| 34 | Audi SQ7 | $3,224 | $156 |
| 35 | BMW iX | $3,272 | $204 |
| 36 | BMW X6 | $3,350 | $282 |
| 37 | Land Rover Range Rover Sport | $3,492 | $424 |
| 38 | Audi RS 6 | $3,564 | $496 |
| 39 | Porsche Cayenne | $3,594 | $526 |
| 40 | BMW XM | $3,938 | $870 |
| 41 | Mercedes-Benz AMG GLE63 | $4,046 | $978 |
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 2024 model year. Updated October 24, 2025
With an average MSRP of $83,360, the cost to buy a new 2024 BMW X5 ranges from $65,200 to $122,300, depending on the trim level being purchased.
The midsize luxury SUV models closest in price to the BMW X5 are the Audi Q8, Tesla Model X, Mercedes-Benz AMG GLE53, and Volvo EX90.
The list below shows how those four models compare to a BMW X5 both for average MSRP and the cost to insure with full-coverage insurance.
- BMW X5 vs. Audi Q8 – The Audi Q8 has an average sticker price of $83,213 ($74,400 to $91,950), which is $148 cheaper than the average sticker price for the BMW X5. The cost to insure a BMW X5 compared to the Audi Q8 is $14 less annually on average.
- BMW X5 vs. Tesla Model X – The 2024 BMW X5 has an average MSRP that is $3,520 more expensive than the Tesla Model X ($83,360 versus $79,840). Insuring the BMW X5 compared to the Tesla Model X costs an average of $52 more each year.
- BMW X5 vs. Mercedes-Benz AMG GLE53 – The average MSRP for a 2024 BMW X5 is $4,285 more expensive than the Mercedes-Benz AMG GLE53, at $83,360 compared to $79,075. Insurance on an X5 costs an average of $52 less every 12 months than the Mercedes-Benz AMG GLE53.
- BMW X5 vs. Volvo EX90 – Having an average MSRP of $90,000 and ranging from $80,000 to $100,000, the Volvo EX90 costs $6,640 more than the average sticker price for the BMW X5. Buying car insurance for the Volvo EX90 costs an average of $192 less annually than the BMW X5.
Visit our complete insurance cost comparisons index page for head-to-head insurance price matchups between many more makes and models of vehicles.