Compare the Cost of BMW X5 Insurance by Model Year and Company

MoneyGeek found that the average BMW X5 insurance cost is $1,424 per year. It is moderately priced compared to other car models and is slightly less expensive than the average insurance rate across all car models. Rates can vary depending on the insurer and the model year of your car, so be sure to shop around to get the best deals.

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Last Updated: 10/31/2022
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It pays to shop around when looking for car insurance for your BMW X5. Different insurers might have different rates depending on the model year of your car. Depending on your driver profile or the age of your car, the cheapest insurer could also change.

Key Takeaways for BMW X5 Insurance

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It costs an average of $1,424 per year to insure a BMW X5, which is only $3 less expensive than the average car model.

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The average BMW X5 insurance rates can change by as much as $593 per year depending on the company

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The cost of insurance for a BMW X5 can change by as much as $632 per year depending on how old your car is. The older the car, the less expensive the premiums.

How Much It Costs to Insure a BMW X5 and the Cheapest Company

The insurance company that you choose can greatly affect your BMW X5 insurance rates. The average cost of insuring a BMW X5 is $1,424 per year.

On average, USAA offers the cheapest car insurance for the BMW X5 at $1,192 per year, while Allstate offers the most expensive at $1,784 per year. That’s a potential difference of $593 per year.

Note that USAA is only available to military families. Progressive is the cheapest widely available insurer for BMW X5 insurance at roughly $1,217 annually.

The Average Annual Cost of BMW X5 Insurance by Company

To get the average rates and the cheapest policies available, MoneyGeek gathered quotes from several car insurance companies for a sample driver profile of a 40-year-old driver with 100/300/100 liability insurance that has comprehensive and collision coverage.

The Average Cost to Insure a BMW X5 by Company

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Insurance Rates

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Is a BMW X5 Expensive to Insure?

Insurers evaluate many factors to determine the cost of car insurance for any given car. Cost-wise, a BMW X5 insurance policy is moderately priced with respect to the other car models. Certain models tend to be cheaper to insure because they have lower vehicle values, cheaper repair costs and below-average theft rates.

The Best Car Insurance Company for a BMW X5

When purchasing a BMW X5 insurance policy, cost should not be your only consideration. You should also look into the other details of the company you’re researching. MoneyGeek scored insurers based on affordability, customer satisfaction and the provider’s financial stability.

  • USAA is the best car insurance provider for a BMW X5 according to MoneyGeek’s ratings, but these policies are only for military members and their families.
  • Progressive is the second-best insurer for a BMW X5.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
Progressive
Score:89

4.9/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

3
GEICO
Score:87

4.8/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
State Farm
Score:82

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Nationwide
Score:80

4/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Allied
Score:NaN

3.1/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

7
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a BMW X5 by Model Year

Older versions of BMW X5 tend to be cheaper to insure. This is because as the value of a car depreciates, the cost of collision and comprehensive insurance also goes down.

Insurance costs an average of $1,116 a year for a 2005 BMW X5 and $1,748 a year for a 2020 BMW X5. That is an annual difference of $632.

The average cost of car insurance to insure a BMW X5 by year are as follows:

  • 2005 BMW X5: $1,116 per year
  • 2010 BMW X5: $1,268 per year
  • 2016 BMW X5: $1,563 per year
  • 2017 BMW X5: $1,622 per year
  • 2018 BMW X5: $1,663 per year
  • 2019 BMW X5: $1,725 per year
  • 2020 BMW X5: $1,748 per year

Progressive offers the cheapest average insurance rates for a 2020 BMW X5 at $1,403 per year. Other insurers may offer cheaper coverage depending on your car’s model year.

Scroll to your BMW X5 model year to compare rates from different insurers.

The Average Cost to Insure a BMW X5 by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,426
    $1,414
    $1,382
    $1,361
    $1,331
    $1,068
    $941
  • 2.
    $1,403
    $1,391
    $1,357
    $1,335
    $1,303
    $1,181
    $980
  • 3.
    $1,576
    $1,556
    $1,503
    $1,468
    $1,417
    $1,101
    $953
  • 4.
    $1,790
    $1,772
    $1,724
    $1,692
    $1,646
    $1,261
    $1,091
  • 5.
    $1,680
    $1,667
    $1,632
    $1,608
    $1,575
    $1,437
    $1,232

How Expensive Is It to Insure a BMW X5 Compared to Other Cars?

MoneyGeek's data shows that the average insurance for a BMW X5 is moderately priced. At an average of $1,424 per year, it costs $3 less than the average across all models.

How Much It Costs to Insure a BMW X5 for 16- to 25-Year-Olds

Younger drivers generally pay more for car insurance due to their inexperience. The average cost for an 18-year-old driver looking to insure a BMW X5 is $4,647 per year. A 40-year-old driver could pay an average of $3,223 less per year for the same car.

Teen drivers and their parents can often save money by being on the same policy. It can be very expensive for a teen to buy a policy for themselves.

Below are car insurance rates for a young driver aged 16–25.

The Average Cost to Insure a BMW X5 by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,958
  • 17
    $5,278
  • 18
    $4,647
  • 19
    $3,328
  • 20
    $2,971
  • 21
    $2,352
  • 22
    $2,166
  • 23
    $1,982
  • 24
    $1,861
  • 25
    $1,688
  • 40
    $1,424

How Does Location Affect the Cost of BMW X5 Insurance?

The rates that MoneyGeek listed are based on a national average. However, location can have a huge impact on the price of your policy. Learn more about car insurance rates in individual states using our state page analysis.

FAQs About BMW X5 Insurance

The model of your car greatly affects your car insurance rates. However, this is just one of several factors that insurers consider when calculating premiums. Learn more about insuring BMW X5 with these frequently asked questions.

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About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.