- BMW X5 insurance costs an average of $1,938 per year or around $162 per month, depending on the trim level.
- The cheapest BMW X5 insurance is the sDrive at around $1,790 per year, or $162 per month.
- The model with the most expensive insurance is the M xDrive at $2,182 per year, or around $182 per month.
- When compared to other midsize luxury SUVs for the 2022 model year, the BMW X5 is one of the more expensive midsize luxury SUVs to insure, costing $95 more per year on average.
How much does BMW X5 insurance cost?
BMW X5 car insurance rates average $1,938 annually for full coverage, or around $162 each month. Overall, expect to pay approximately $95 more each year for BMW X5 insurance compared to the midsize luxury SUVs average rate, and $371 more per year than the overall national average of $1,567.
Average BMW X5 insurance cost per month ranges from $149 to $182 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 average car insurance cost on a 2022 BMW X5.
For the age groups in the chart above, rates range from a low of $1,436 for a 60-year-old driver with high deductibles to a high of $4,618 for a 20-year-old driver with low deductibles.
Teen drivers cost considerably more to insure, with rates as high as $7,962 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 2022 model years.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2022 BMW X5 | $1,938 | $969 | $162 |
| 2021 BMW X5 | $1,808 | $904 | $151 |
| 2020 BMW X5 | $1,770 | $885 | $148 |
| 2019 BMW X5 | $1,696 | $848 | $141 |
| 2018 BMW X5 | $1,698 | $849 | $142 |
| 2017 BMW X5 | $1,676 | $838 | $140 |
| 2016 BMW X5 | $1,742 | $871 | $145 |
| 2015 BMW X5 | $1,602 | $801 | $134 |
| 2014 BMW X5 | $1,750 | $875 | $146 |
| 2013 BMW X5 | $1,452 | $726 | $121 |
What is the cheapest BMW X5 insurance?
With BMW X5 insurance cost ranging from $1,790 to $2,182 annually for the average driver, the cheapest 2022 model to insure is the sDrive. The next cheapest model to insure is the xDrive at $1,820 per year. On average, plan on paying at least $149 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 xDrive45e, the M50i xDrive, and the M xDrive trim levels at around $1,852, $2,044, and $2,182 per year, respectively.
Average car insurance rates for annual and 6-month policy terms, plus a monthly budget amount, for each 2022 BMW X5 model are shown below.
| BMW X5 Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| sDrive | $1,790 | $895 | $149 |
| xDrive | $1,820 | $910 | $152 |
| xDrive45e | $1,852 | $926 | $154 |
| M50i xDrive | $2,044 | $1,022 | $170 |
| M xDrive | $2,182 | $1,091 | $182 |
Does BMW X5 insurance cost more than similar vehicles?
When compared to similar models in the midsize luxury SUV segment, car insurance for a BMW X5 costs $368 more per year than the Lexus RX 350, $360 more than the Acura MDX, $438 more than the Cadillac XT5, and $172 more than the Lexus GX 460.
The BMW X5 ranks #24 out of 36 total comparison vehicles in the midsize luxury SUV category. The X5 costs an average of $1,938 per year for full coverage insurance and the class average rate is $1,843 per year, a difference of $95 per year.
The table below shows how well BMW X5 insurance rates fare against the entire midsize luxury SUV class.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Cadillac XT5 | $1,500 | -$438 |
| 2 | Jaguar E-Pace | $1,564 | -$374 |
| 3 | Lexus RX 350 | $1,570 | -$368 |
| 4 | Acura MDX | $1,578 | -$360 |
| 5 | Lincoln Nautilus | $1,594 | -$344 |
| 6 | Lexus RX 450h | $1,608 | -$330 |
| 7 | Infiniti QX50 | $1,614 | -$324 |
| 8 | Lexus RX 350L | $1,628 | -$310 |
| 9 | Cadillac XT6 | $1,640 | -$298 |
| 10 | Volvo V60 | $1,648 | -$290 |
| 11 | Land Rover Discovery | $1,660 | -$278 |
| 12 | Land Rover Discovery Sport | $1,662 | -$276 |
| 13 | Lexus RX 450hL | $1,676 | -$262 |
| 14 | Volvo V90 | $1,688 | -$250 |
| 15 | Lincoln Aviator | $1,720 | -$218 |
| 16 | Mercedes-Benz AMG GLB35 | $1,740 | -$198 |
| 17 | Mercedes-Benz GLE450 | $1,744 | -$194 |
| 18 | Lexus GX 460 | $1,766 | -$172 |
| 19 | Infiniti QX60 | $1,774 | -$164 |
| 20 | Mercedes-Benz GLE350 | $1,784 | -$154 |
| 21 | Genesis GV80 | $1,818 | -$120 |
| 22 | Mercedes-Benz AMG GLC43 | $1,846 | -$92 |
| 23 | Audi SQ5 | $1,874 | -$64 |
| 24 | BMW X5 | $1,938 | -- |
| 25 | Audi Q8 | $1,966 | $28 |
| 26 | Audi Q7 | $1,998 | $60 |
| 27 | Land Rover Range Rover Sport | $2,020 | $82 |
| 28 | BMW iX | $2,034 | $96 |
| 29 | Tesla Model X | $2,064 | $126 |
| 30 | Audi SQ7 | $2,124 | $186 |
| 31 | Audi e-tron | $2,144 | $206 |
| 32 | Mercedes-Benz AMG GLE53 | $2,150 | $212 |
| 33 | BMW X6 | $2,200 | $262 |
| 34 | Mercedes-Benz AMG GLE63 | $2,292 | $354 |
| 35 | Porsche Cayenne | $2,314 | $376 |
| 36 | Audi RS 6 | $2,390 | $452 |
With an average MSRP of $74,700, the cost to buy a new 2022 BMW X5 ranges from $59,400 to $105,900, depending on the trim level being purchased.
The midsize luxury SUV models closest in price to the BMW X5 are the Mercedes-Benz AMG GLE53, Lincoln Aviator, BMW iX, and Land Rover Discovery.
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. Mercedes-Benz AMG GLE53 – The Mercedes-Benz AMG GLE53 has an average sticker price of $76,633 ($73,550 to $79,850), which is $1,933 more expensive than the average sticker price for the BMW X5. The cost to insure a BMW X5 compared to the Mercedes-Benz AMG GLE53 is $212 less annually on average.
- BMW X5 vs. Lincoln Aviator – The 2022 BMW X5 has an average MSRP that is $8,037 more expensive than the Lincoln Aviator ($74,700 versus $66,663). Insuring the BMW X5 compared to the Lincoln Aviator costs an average of $218 more each year.
- BMW X5 vs. BMW iX – The average MSRP for a 2022 BMW X5 is $8,500 cheaper than the BMW iX, at $74,700 compared to $83,200. Insurance on a X5 costs an average of $96 less every 12 months than the BMW iX.
- BMW X5 vs. Land Rover Discovery – Having an average MSRP of $65,680 and ranging from $56,600 to $75,300, the Land Rover Discovery costs $9,020 less than the average sticker price for the BMW X5. Buying car insurance for the Land Rover Discovery costs an average of $278 less annually than the BMW X5.
