Compare the Cost of BMW X7 Insurance by Model Year and Company

MoneyGeek found that the average BMW X7 insurance cost is $2,030 per year. A BMW X7 is higher than the national average to insure. However, these rates can vary depending on factors such as the vehicle’s age, driving profile and the insurer you choose.

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Last Updated: 5/18/2022
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It is good to shop around when looking for a car insurance policy for your BMW X7. You can secure better deals if you compare rates since various insurers may have different quotes for the same car. The cheapest insurer might even change based on your driver profile.

Key Takeaways for BMW X7 Insurance

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The average insurance for a BMW X7 costs $2,030 yearly, which is $603 more expensive compared to the average vehicle.

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The average insurance for a BMW X7 can change by as much as $1,411 per year depending on the company.

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Car insurance premiums differ by model year, and older vehicles tend to be cheaper to insure. However, the BMW X7 is a newly released car, so you can’t purchase an older model.

How Much It Costs to Insure a BMW X7 and the Cheapest Company

The company you choose to insure your BMW X7 can greatly affect your insurance rates. The average BMW X7 insurance rate is $2,030 per year.

Progressive has the cheapest average BMW X7 insurance rates at $1,408 per year. Allstate, on the other hand, has the most expensive coverage at roughly $2,819 per year. This is a cost difference of $1,411 per year.

The Average Annual Cost of BMW X7 Insurance by Company

When calculating rates, MoneyGeek gathered quotes for a 40-year-old driver looking to insure a BMW X7 with a 100/300/100 liability insurance that includes comprehensive and collision coverage.

The Average Cost to Insure a BMW X7 by Company

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Insurance Rates

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Is a BMW X7 Expensive to Insure?

Insurers look at several factors to determine the cost of car insurance for any given model. A car’s value, the likelihood of being stolen and its horsepower could affect its insurance premiums.

Insuring a BMW X7 is expensive. A BMW X7 car is considered to be moderately valuable and it also has moderate horsepower. These factors account for the fact that BMW X7 cars are moderately expensive to insure.

The Best Car Insurance Company for a BMW X7

Cost is not the only factor you should look into when shopping for a BMW X7 insurance policy. Make sure to examine other details about potential insurers. MoneyGeek ranked insurers based on factors like customer satisfaction, affordability and financial stability.

  • MoneyGeek’s rating system found USAA to be the best insurer for a BMW X7, but it is only available for military members and their families.
  • Progressive is the second-best insurer for a BMW X7.

1
USAA
Score:92.7

4.5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
Progressive
Score:89.5

5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

3
GEICO
Score:84

4.5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

4
State Farm
Score:83.1

4.3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Nationwide
Score:80.7

4.1/5

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 X7 by Model Year

Vehicles with multiple car model years will have different rates depending on the car’s model year. Older models typically have lower premiums because collision and comprehensive insurance becomes less expensive as a car’s value depreciates.

Currently, the BMW X7 only has one model, the 2020 model. Progressive offers the cheapest average insurance cost for a 2020 BMW X7 at $1,408 per year.

The Average Cost to Insure a BMW X7 by Model Year

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How Expensive Is It to Insure a BMW X7 Compared to Other Cars?

A car insurance policy for a BMW X7 falls on the more expensive side of the cost spectrum. MoneyGeek’s findings show that the average insurance premium for a BMW X7 is $2,030 per year. This is about $603 more expensive than the cost of an average vehicle.

How Much It Costs to Insure a BMW X7 for 16- to 25-Year-Olds

Younger drivers might pay significantly higher insurance rates for a BMW X7 because of their inexperience on the road. An 18-year-old driver who wants to insure a BMW X7 will pay an average of $6,626 per year. That is up to $4,596 more expensive than the average rate for a 40-year-old driver with the same car.

Teen drivers who want to save on premiums may opt to get insured under their parent’s policy, as a teen driver buying a policy for themselves can be very pricey.

You can see car insurance rates for young drivers ages 16 to 25 in the table below.

The Average Cost to Insure a BMW X7 by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $8,494
  • 17
    $7,525
  • 18
    $6,626
  • 19
    $4,745
  • 20
    $4,236
  • 21
    $3,353
  • 22
    $3,089
  • 23
    $2,826
  • 24
    $2,653
  • 25
    $2,407
  • 40
    $2,030

How Does Location Affect the Cost of BMW X7 Insurance?

The rates researched by MoneyGeek are based on a national average. Where you live can also significantly affect your car insurance rates. You can learn more about the cost of car insurance in each state using our state page analysis.

FAQs About BMW X7 Insurance

The model of your car can have a big impact on your BMW X7 insurance cost. However, this is just one of the factors that insurers evaluate when calculating your rates. Learn more about BMW X7 insurance with the following frequently asked questions.

Read More About Car Insurance

Methodology

MoneyGeek gathered quotes from several insurers to get the average insurance rate for a BMW X7. The rates were based on a 40-year-old male driver who has a full coverage policy with:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

These rates also represent averages and may not match your exact rates.

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.