BMW X5 Car Insurance Rates for 2023

How expensive are insurance rates for a BMW X5?

From the sDrive40i trim to the M xDrive trim level, we calculated average X5 insurance rates to see how cost measures up to the rest of the 2023 midsize luxury SUV segment.

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  • BMW X5 insurance costs an average of $2,230 per year or around $186 per month, depending on the trim level.
  • The cheapest BMW X5 insurance is the sDrive40i at around $2,062 per year, or $186 per month.
  • The model with the most expensive insurance is the M xDrive at $2,514 per year, or around $210 per month.
  • When compared to other midsize luxury SUVs for the 2023 model year, the BMW X5 is one of the more expensive midsize luxury SUVs to insure, costing $180 more per year on average.

How much does BMW X5 insurance cost?

BMW X5 car insurance rates average $2,230 annually for full coverage, or around $186 each month. Overall, expect to pay approximately $180 more each year for BMW X5 insurance compared to the midsize luxury SUVs average rate, and $545 more per year than the overall national average of $1,685.

Average BMW X5 insurance cost per month ranges from $172 to $210 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 2023 BMW X5.

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Chart Data Details: Chart shows average insurance cost for a 2023 BMW X5 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW X5 trim levels.Data last updated on January 23, 2023
BMW X5 Car Insurance Rates
2023 BMW X5 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,720$310
$500$4,510$376
$250$5,348$446
30$1,000$1,944$162
$500$2,374$198
$250$2,826$236
40$1,000$1,836$153
$500$2,230$186
$250$2,644$220
50$1,000$1,678$140
$500$2,034$170
$250$2,410$201
60$1,000$1,650$138
$500$2,002$167
$250$2,372$198

For the age groups in the chart above, rates range from a low of $1,650 for a 60-year-old driver with high deductibles to a high of $5,348 for a 20-year-old driver with low deductibles.

Teen drivers cost considerably more to insure, with rates as high as $9,226 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 2023 model years.

BMW X5 Insurance Cost for 2013-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 BMW X5$2,230$1,115$186
2022 BMW X5$2,096$1,048$175
2021 BMW X5$1,966$983$164
2020 BMW X5$1,934$967$161
2019 BMW X5$1,830$915$153
2018 BMW X5$1,828$914$152
2017 BMW X5$1,774$887$148
2016 BMW X5$1,868$934$156
2015 BMW X5$1,676$838$140
2014 BMW X5$1,860$930$155
2013 BMW X5$1,556$778$130

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
BMW X5 Insurance Rates by Model Year

What is the cheapest BMW X5 insurance?

With BMW X5 insurance cost ranging from $2,062 to $2,514 annually for the average driver, the cheapest 2023 model to insure is the sDrive40i. The next cheapest model to insure is the xDrive40i at $2,100 per year. On average, plan on paying at least $172 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 $2,124,  $2,350, and $2,514 per year, respectively.

Average car insurance rates for annual and 6-month policy terms, plus a monthly budget amount, for each 2023 BMW X5 model are shown below.

2023 BMW X5 Insurance Cost by Trim Level
BMW X5 Trim Level Annual Policy Six-Month Policy Per Month
sDrive40i$2,062$1,031$172
xDrive40i$2,100$1,050$175
xDrive45e$2,124$1,062$177
M50i xDrive$2,350$1,175$196
M xDrive$2,514$1,257$210

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 BMW X5, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
BMW X5 Insurance Cost by Trim Level

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 $652 more per year than the Lexus RX 350, $474 more than the Acura MDX, $554 more than the Cadillac XT5, and $350 more than the Lexus GX 460.

The BMW X5 ranks 28th out of 37 total comparison vehicles in the midsize luxury SUV category. The X5 costs an average of $2,230 per year for full coverage insurance and the class average rate is $2,050 per year, a difference of $180 per year.

The table below shows how well BMW X5 insurance rates fare against the entire midsize luxury SUV class.

BMW X5 Insurance vs Other Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Lexus RX 350$1,578-$652
2Infiniti QX50$1,632-$598
3Cadillac XT5$1,676-$554
4Cadillac XT6$1,716-$514
5Acura MDX$1,756-$474
6Lincoln Nautilus$1,786-$444
7Lexus RX 350L$1,804-$426
8Land Rover Discovery Sport$1,806-$424
9Jaguar E-Pace$1,808-$422
10Volvo V90$1,838-$392
11Lexus RX 450h$1,858-$372
12Lexus GX 460$1,880-$350
13Lexus RX 450hL$1,890-$340
14Volvo V60$1,896-$334
15Mercedes-Benz AMG GLB35$1,934-$296
16Genesis GV80$1,936-$294
17Audi SQ5$1,940-$290
18Lincoln Aviator$1,958-$272
19Infiniti QX60$1,974-$256
20Mercedes-Benz GLE450$1,990-$240
21Mercedes-Benz GLE350$2,014-$216
22Land Rover Discovery$2,022-$208
23Mercedes-Benz AMG GLC43$2,056-$174
24Audi Q7$2,104-$126
25Audi e-tron$2,174-$56
26Tesla Model X$2,184-$46
27Mercedes-Benz AMG GLE53$2,190-$40
28BMW X5$2,230--
29Audi Q8$2,238$8
30Land Rover Range Rover Sport$2,254$24
31Audi SQ7$2,362$132
32BMW iX$2,396$166
33BMW X6$2,442$212
34Porsche Cayenne$2,462$232
35Mercedes-Benz AMG GLE63$2,582$352
36Audi RS 6$2,624$394
37BMW XM$2,872$642

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 January 23, 2023
BMW X5 Insurance vs Other Midsize Luxury SUVs

With an average MSRP of $77,100, the cost to buy a new 2023 BMW X5 ranges from $61,600 to $108,900, 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, Mercedes-Benz GLE450, Land Rover Discovery, and Lincoln Aviator.

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 $79,075 ($76,950 to $81,200), which is $1,975 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 $40 more annually on average.
  • BMW X5 vs. Mercedes-Benz GLE450 – The 2023 BMW X5 has an average MSRP that is $8,825 more expensive than the Mercedes-Benz GLE450 ($77,100 versus $68,275). Insuring the BMW X5 compared to the Mercedes-Benz GLE450 costs an average of $240 more each year.
  • BMW X5 vs. Land Rover Discovery – The average MSRP for a 2023 BMW X5 is $9,320 more expensive than the Land Rover Discovery, at $77,100 compared to $67,780. Insurance on a X5 costs an average of $208 more every 12 months than the Land Rover Discovery.
  • BMW X5 vs. Lincoln Aviator – Having an average MSRP of $67,639 and ranging from $53,340 to $89,280, the Lincoln Aviator costs $9,461 less than the average sticker price for the BMW X5. Buying car insurance for the Lincoln Aviator costs an average of $272 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.

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