BMW X7 Insurance Costs and Comparisons: 2025 Edition

• BMW X7 insurance costs an average of $3,066 per year, or around $256 per month for full coverage.
• The cheapest BMW X7 to insure is the xDrive40i model at around $2,882 per year, and the most expensive model to insure is the M60i xDrive at $3,248 annually.
• When compared to other large luxury SUVs, the 2024 BMW X7 is one of the cheaper large luxury SUVs to insure, costing $650 less per year on average.

How much does BMW X7 insurance cost?

Average car insurance cost for a BMW X7 is $3,066 per year for full coverage. Depending on the trim level being insured, monthly car insurance cost for the X7 ranges from $240 to $271.

When broken down by coverage, liability and medical coverage is an estimated $636 a year, collision coverage is about $1,668, and the remaining comprehensive costs around $762.

The chart below illustrates how average BMW X7 car insurance cost changes based on driver age and physical damage deductibles.

Additional BMW X7 insurance policy costs and discounts include:

• Raising deductibles makes insurance more affordable. Increasing your policy deductibles from $500 to $1,000 could save around $548 per year for a 40-year-old driver and $1,096 per year for a 20-year-old driver.
• Lowering deductibles results in a more expensive policy. Dropping your deductibles from $500 to $250 could cost an additional $576 per year for a 40-year-old driver and $1,164 per year for a 20-year-old driver.
• Better credit scores yield better car insurance rates. In states that give the green light for a driver’s credit data to be used as a pricing factor, drivers who maintain a credit score over 800 could see savings as high as $481 per year when compared to a credit rating between 670-739. Conversely, a lower credit rating could cost as much as $558 more per year.
• As you age, car insurance rates tend to get cheaper. The difference in insurance cost for a 2024 BMW X7 between a 50-year-old driver ($2,692 per year) and a 20-year-old driver ($6,226 per year) is $3,534, or a savings of 79.3%.
• Avoid accidents to save on insurance. Having a few at-fault accidents can really raise rates, potentially up to $4,418 per year for a 20-year-old driver and even as much as $708 per year for a 60-year-old driver.
• Qualify for policy discounts to save money. Discounts may be available if the insureds are accident-free, sign their policy early, are loyal customers, choose electronic billing, or many other policy discounts which could save the average driver as much as $522 per year on BMW X7 insurance.
• Your employer could save you a few bucks. Most car insurance companies offer policy discounts for being employed in occupations like nurses, emergency medical technicians, engineers, scientists, high school and elementary teachers, farmers, and others. If you work in a qualifying profession, you could potentially save between $92 and $233 on your annual premium, subject to the policy coverages selected.

Which BMW X7 has the cheapest insurance?

The cheapest BMW X7 to insure is the $81,900 base xDrive40i trim at $2,882 per year, or about $240 per month. The most expensive model to insure is the $108,700 M60i xDrive model, costing an average of $366 more per year.

The table below shows car insurance policy rates for each 2024 BMW X7 package and trim level.

Is BMW X7 insurance cheaper than other SUVs?

The BMW X7 ranks fourth out of 13 total comparison vehicles in the large luxury SUV class. The X7 costs an estimated $3,066 per year for insurance, while the segment median rate is $3,716 per year, making the X7 $650 cheaper to insure per year.

When compared directly to top-selling vehicles in the large luxury SUV class, insurance for a BMW X7 costs $158 less per year than the Mercedes-Benz GLS450, $252 more than the Volvo XC90, $268 less than the Cadillac Escalade, and $1,276 less than the Land Rover Range Rover.

The chart below shows how well insurance for a BMW X7 fares against the best-selling large luxury SUVs, and a table with more comprehensive data is included after the chart detailing insurance policy costs for the entire 2024 large luxury SUV category.

Do newer X7 models cost more to insure?

Insurance on a new 2024 X7 model costs an average of $3,066 per year, while a 2019 model costs around $2,496 per year, a difference of $570 annually.

The following data table illustrates average car insurance rates for a BMW X7 for the 2019 to 2024 model years. Prices range from $2,064 for a 60-year-old driver rated on a 2019 BMW X7 to $6,226 for a 20-year-old driver rated on a 2024 model.