Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used BMW X5 M? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW X5 M insurance facts

  • Average full coverage auto insurance premium: $277/month

  • Most affordable companies: Tennessee Farmers ($160/month) & State Farm ($168/month)

  • X5 M car insurance cost vs. average rate: $381 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW X5 M by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average BMW X5 M insurer costs by state:

Risk factors affecting BMW X5 M car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW X5 M car insurance?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average X5 M repair costs equal higher car insurance rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW X5 M affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower car insurance rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying a car insurance policy.

2021 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3658
Allstate$3458
Erie$3347
GEICO$3126
Kentucky Farm Bureau$3704
Liberty Mutual$2480
Mercury$2234
Nationwide$3648
Progressive$2647
Safeco$3842
State Farm$2087
Tennessee Farmers$1925
Texas Farm Bureau$3323
The Hanover$3604
Travelers$3590
USAA$2903

Compare all 2021 BMW X5 M rates

Average Cost to Insure Per Year

$3330

List Price

$105100

Trims Available

Base - Base Engine: 4.4-liter twin-turbocharged V8 engine all-wheel-drive system with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2020 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3547
Allstate$3167
American Family$2016
Erie$3147
Farmers$3369
GEICO$2915
Liberty Mutual$2340
Mercury$2167
Nationwide$3247
Progressive$2594
State Farm$1825
Tennessee Farmers$1690
Texas Farm Bureau$3026
The Hanover$3394
Travelers$3180
USAA$2754

Compare all 2020 BMW X5 M rates

Average Cost to Insure Per Year

$3328

List Price

$105100

Trims Available

Base - Base Engine: 4.4-liter twin-turbocharged V8 engine all-wheel-drive system with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2019 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3516
Allstate$2690
American Family$1634
Erie$2487
GEICO$2015
Kentucky Farm Bureau$3247
Liberty Mutual$1802
Mercury$1689
Nationwide$3026
Progressive$1815
State Farm$1575
Tennessee Farmers$1526
Texas Farm Bureau$2136
The Hanover$3364
Travelers$2945
USAA$1935

Compare all 2019 BMW X5 M rates

Average Cost to Insure Per Year

$3124

List Price

$103100

Trims Available

Base - Base Engine: 4.4-liter twin-turbocharged V8 engine all-wheel-drive system with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2018 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1918
Acuity$ 1918
Allied$ 1848
Allied$ 1848
Arbella$ 2058
Arbella$ 2058
Country$ 2082
Country$ 2082
Mercury$ 1838
Mercury$ 1838
Nationwide$ 1990
Nationwide$ 1990
Plymouth Rock Insurance$ 2054
Plymouth Rock Insurance$ 2054
Progressive$ 1882
Progressive$ 1882
Southern Farm Bureau$ 2170
Southern Farm Bureau$ 2170
State Farm$ 2210
State Farm$ 2210
Tennessee Farmers$ 1278
Tennessee Farmers$ 1278
Vermont Mutual$ 2130
Vermont Mutual$ 2130

Compare all 2018 BMW X5 M rates

Average Cost to Insure Per Year

$ 2817

List Price

$ 101700

Trims Available

Base

2017 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1817
Acuity$ 1817
Allied$ 1877
Allied$ 1877
Arbella$ 1959
Arbella$ 1959
Country$ 1967
Country$ 1967
Erie$ 2104
Erie$ 2104
Mercury$ 1792
Mercury$ 1792
Nationwide$ 1989
Nationwide$ 1989
Plymouth Rock Insurance$ 1922
Plymouth Rock Insurance$ 1922
Progressive$ 1758
Progressive$ 1758
Southern Farm Bureau$ 2084
Southern Farm Bureau$ 2084
Tennessee Farmers$ 1871
Tennessee Farmers$ 1871
Vermont Mutual$ 1956
Vermont Mutual$ 1956

Compare all 2017 BMW X5 M rates

Average Cost to Insure Per Year

$ 3018

List Price

$ 100700

Trims Available

Base

2016 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1754
Acuity$ 1754
Allied$ 1896
Allied$ 1896
Arbella$ 1904
Arbella$ 1904
Country$ 1886
Country$ 1886
Erie$ 2017
Erie$ 2017
Mercury$ 1769
Mercury$ 1769
Nationwide$ 2032
Nationwide$ 2032
Plymouth Rock Insurance$ 1922
Plymouth Rock Insurance$ 1922
Progressive$ 1815
Progressive$ 1815
Southern Farm Bureau$ 2054
Southern Farm Bureau$ 2054
Tennessee Farmers$ 1827
Tennessee Farmers$ 1827
Vermont Mutual$ 1876
Vermont Mutual$ 1876

Compare all 2016 BMW X5 M rates

Average Cost to Insure Per Year

$ 3302

List Price

$ 98800

Trims Available

Base

2015 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1827
Acuity$ 1827
Allied$ 1899
Allied$ 1899
Arbella$ 1872
Arbella$ 1872
Country$ 1894
Country$ 1894
Erie$ 1957
Erie$ 1957
Mercury$ 1744
Mercury$ 1744
Nationwide$ 2063
Nationwide$ 2063
Plymouth Rock Insurance$ 1860
Plymouth Rock Insurance$ 1860
Progressive$ 1779
Progressive$ 1779
Southern Farm Bureau$ 2105
Southern Farm Bureau$ 2105
Tennessee Farmers$ 1830
Tennessee Farmers$ 1830
Vermont Mutual$ 1925
Vermont Mutual$ 1925

Compare all 2015 BMW X5 M rates

Average Cost to Insure Per Year

$ 3197

List Price

$ 98700

Trims Available

Base

2013 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1765
Acuity$ 1765
Allied$ 1627
Allied$ 1627
Arbella$ 1757
Arbella$ 1757
Country$ 1880
Country$ 1880
Erie$ 1684
Erie$ 1684
Mercury$ 1718
Mercury$ 1718
Nationwide$ 1969
Nationwide$ 1969
Plymouth Rock Insurance$ 1743
Plymouth Rock Insurance$ 1743
Progressive$ 1606
Progressive$ 1606
State Farm$ 1850
State Farm$ 1850
Tennessee Farmers$ 1799
Tennessee Farmers$ 1799
Vermont Mutual$ 1835
Vermont Mutual$ 1835

Compare all 2013 BMW X5 M rates

Average Cost to Insure Per Year

$ 2646

List Price

$ 88850

Trims Available

Base

2012 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1573
Acuity$ 1573
Allied$ 1698
Allied$ 1698
Arbella$ 1597
Arbella$ 1597
Country$ 1700
Country$ 1700
Erie$ 1639
Erie$ 1639
GEICO$ 1834
GEICO$ 1834
Mercury$ 1720
Mercury$ 1720
Plymouth Rock Insurance$ 1677
Plymouth Rock Insurance$ 1677
Progressive$ 1724
Progressive$ 1724
Southern Farm Bureau$ 1840
Southern Farm Bureau$ 1840
Tennessee Farmers$ 1677
Tennessee Farmers$ 1677
Vermont Mutual$ 1627
Vermont Mutual$ 1627

Compare all 2012 BMW X5 M rates

Average Cost to Insure Per Year

$ 2856

List Price

$ 87250

Trims Available

Base

2011 BMW X5 M

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1508
Acuity$ 1508
Arbella$ 1689
Arbella$ 1689
Country$ 1632
Country$ 1632
Erie$ 1580
Erie$ 1580
GEICO$ 1757
GEICO$ 1757
Mercury$ 1724
Mercury$ 1724
Plymouth Rock Insurance$ 1671
Plymouth Rock Insurance$ 1671
Progressive$ 1611
Progressive$ 1611
Southern Farm Bureau$ 1740
Southern Farm Bureau$ 1740
Tennessee Farmers$ 1648
Tennessee Farmers$ 1648
USAA$ 1770
USAA$ 1770
Vermont Mutual$ 1556
Vermont Mutual$ 1556

Compare all 2011 BMW X5 M rates

Average Cost to Insure Per Year

$ 2818

List Price

$ 85700

Trims Available

Base