Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.
Leslie Kasperowicz is an insurance expert with four years of direct agency experience and over a decade of creating educational content to help insurance shoppers make confident, informed decisions.
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Car insurance rates vary depending on the make, model and trim level of your vehicle. According to our data analysis, the average cost to insure a BMW X5 is $3,388 per year or $282 per month. However, your actual rate may be higher or lower depending on things like where you live, your age, your driving record and other personal factors.
The auto insurance rates also change based on the vehicle's model year. For example, the 2024 BMW X5 costs $3,388, whereas the 2023 BMW X5 costs $3,186 annually. This is $202 less than the 2024 rates.
Nationwide offers the cheapest annual rate for 2024 BMW X5 at $2,516 per year.
Below, we'll look at BMW X5 insurance rates and show you how to save.
Average insurance cost of BMW X5 by model year
| Year of BMW X5 model | Average cost to insure |
|---|---|
| 2024 | $3,388 |
| 2023 | $3,186 |
| 2022 | $3,060 |
| 2021 | $2,962 |
| 2020 | $2,877 |
Compare X5 insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| Progressive | 4WD 4 Door SUV DOHC Turbo Hybrid | $2,820 |
| Progressive | 4WD 4 Door SUV DOHC Turbo Hybrid 4001 to 5000 Lbs | $2,820 |
| Nationwide | 4WD 4 Door SUV DOHC Turbo Hybrid | $2,844 |
| Nationwide | 4WD 4 Door SUV DOHC Turbo Hybrid 4001 to 5000 Lbs | $2,844 |
| State Farm | 4WD 4 Door SUV DOHC Turbo Hybrid | $2,879 |
| State Farm | 4WD 4 Door SUV DOHC Turbo Hybrid 4001 to 5000 Lbs | $2,879 |
| GEICO | 4WD 4 Door SUV DOHC Turbo Hybrid | $3,291 |
| GEICO | 4WD 4 Door SUV DOHC Turbo Hybrid 4001 to 5000 Lbs | $3,291 |
| Allstate | 4WD 4 Door SUV DOHC Turbo Hybrid | $6,630 |
| Allstate | 4WD 4 Door SUV DOHC Turbo Hybrid 4001 to 5000 Lbs | $6,630 |
BMW X5 insurance rates per year
2024 BMW X5 insurance rates
Rank Company Average annual premium 1 Nationwide $2,516 2 State Farm $2,755 3 Progressive $2,937 4 GEICO $3,332 5 Farmers $4,221 6 Allstate $4,569 2023 BMW X5 insurance rates
Rank Company Average annual premium 1 Nationwide $2,333 2 State Farm $2,683 3 Progressive $2,898 4 GEICO $2,921 5 Farmers $3,978 6 Allstate $4,302 2022 BMW X5 insurance rates
Rank Company Average annual premium 1 Nationwide $2,349 2 State Farm $2,405 3 Progressive $2,827 4 GEICO $2,878 5 Farmers $3,888 6 Allstate $4,010 2021 BMW X5 insurance rates
Rank Company Average annual premium 1 Nationwide $2,364 2 State Farm $2,547 3 Progressive $2,617 4 GEICO $2,746 5 Farmers $3,738 6 Allstate $3,762 2020 BMW X5 insurance rates
Rank Company Average annual premium 1 State Farm $2,406 2 Nationwide $2,664 3 Progressive $2,672 4 GEICO $2,785 5 Farmers $3,089 6 Allstate $3,645 2019 BMW X5 insurance rates
Rank Company Average annual premium 1 State Farm $2,434 2 GEICO $2,591 3 Progressive $2,596 4 Nationwide $2,730 5 Farmers $3,113 6 Allstate $3,508 2018 BMW X5 insurance rates
Rank Company Average annual premium 1 State Farm $2,071 2 Progressive $2,304 3 GEICO $2,376 4 Nationwide $2,553 5 Allstate $3,174 6 Farmers $3,199 2017 BMW X5 insurance rates
Rank Company Average annual premium 1 State Farm $2,171 2 Progressive $2,224 3 Nationwide $2,276 4 GEICO $2,299 5 Allstate $2,954 6 Farmers $2,999
BMW insurance annual rates by model
Methodology
Data was fielded by Quadrant Information Services across all 50 states and Washington, D.C. for 1,161 vehicle models. More than 67 million data points from 57 insurance companies were analyzed.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage