Prachi Singh
Written by Prachi Singh
Contributing Researcher

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.

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Leslie Kasperowicz
Reviewed by Leslie Kasperowicz
Executive Editor

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.

Prachi Singh Written by Prachi Singh
Contributing Researcher

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 Reviewed by Leslie Kasperowicz
Executive Editor

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.


Why you can trust Insurance.com

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 X7 is $4,340 per year or $362 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 X7 costs $4,340, whereas the 2023 BMW X7 costs $4,150 annually. This is $190 less than the 2024 rates.

Nationwide offers the cheapest annual rate for 2024 BMW X7 at $2,981 per year.

Below, we'll look at BMW X7 insurance rates and show you how to save.

Average insurance cost of BMW X7 by model year

Year of BMW X7 modelAverage cost to insure
2024$4,341
2023$4,150
2022$3,962
2021$3,751
2020$3,656
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Compare X7 insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Nationwide4WD 4 Door SUV Automatic DOHC Turbo Hybrid$2,483
Progressive4WD 4 Door SUV Automatic DOHC Turbo Hybrid$2,722
State Farm4WD 4 Door SUV Automatic DOHC Turbo Hybrid$3,886
GEICO4WD 4 Door SUV Automatic DOHC Turbo Hybrid$4,846
Allstate4WD 4 Door SUV Automatic DOHC Turbo Hybrid$7,645

BMW X7 insurance rates per year

2024

2024 BMW X7 insurance rates

Average cost to insure $4,341
Annual cheapest rate $2,981
Available trims Alpina XB7, M60i XDrive, XDrive 40i
RankCompanyAverage annual premium
1Nationwide$2,981
2Progressive$3,000
3State Farm$3,303
4GEICO$4,040
5Allstate$5,756
6Farmers$6,963
2023

2023 BMW X7 insurance rates

Average cost to insure $4,150
Annual cheapest rate $2,834
Available trims Alpina XB7, M60i XDrive, XDrive 40i
RankCompanyAverage annual premium
1Progressive$2,834
2Nationwide$2,894
3State Farm$3,388
4GEICO$3,823
5Allstate$5,420
6Farmers$6,541
2022

2022 BMW X7 insurance rates

Average cost to insure $3,962
Annual cheapest rate $2,896
Available trims Alpina XB7, XDrive 40i, XDrive M50i
RankCompanyAverage annual premium
1Progressive$2,896
2State Farm$2,964
3Nationwide$3,107
4GEICO$3,421
5Allstate$4,785
6Farmers$6,596
2021

2021 BMW X7 insurance rates

Average cost to insure $3,751
Annual cheapest rate $2,680
Available trims Alpina XB7, XDrive 40i, XDrive M50i
RankCompanyAverage annual premium
1State Farm$2,680
2Progressive$2,700
3Nationwide$3,059
4GEICO$3,248
5Allstate$4,523
6Farmers$6,294
2020

2020 BMW X7 insurance rates

Average cost to insure $3,656
Annual cheapest rate $2,706
Available trims XDrive 40i, XDrive 50i, XDrive M50i
RankCompanyAverage annual premium
1State Farm$2,706
2Progressive$2,721
3GEICO$2,983
4Nationwide$3,115
5Allstate$4,357
6Farmers$6,051
2019

2019 BMW X7 insurance rates

Average cost to insure $3,413
Annual cheapest rate $2,564
Available trims XDrive 40i, XDrive 50I
RankCompanyAverage annual premium
1Progressive$2,564
2State Farm$2,573
3GEICO$2,646
4Nationwide$2,935
5Allstate$3,945
6Farmers$5,816

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
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