The annual full coverage cost for a BMW X7 ranges from $1,690 to $10,011. Rates vary based on the model year, driver's age, location, driving history and coverage level. This MoneyGeek article breaks down BMW X7 insurance costs and provides insights into the best companies and affordable options.
BMW X7 Insurance Cost
Updated: March 11, 2025
Key Takeaways
State Farm provides the most affordable minimum coverage for all BMW X7 model years, with an annual cost of $453.
The average yearly cost for a BMW X7 is $657 for minimum coverage. For full coverage, it's $2,287.
MoneyGeek analyzed 1,195 BMW X7 quotes from Quadrant Information Services to ensure reliable insights.
BMW X7 Insurance Rates
What Is the Average BMW X7 Car Insurance Cost?
The average cost of full coverage insurance for a BMW X7 is $191 per month or $2,287 per year, based on a 40-year-old male with a clean driving record. Minimum coverage averages $55 monthly or $657 annually.
| Minimum Coverage | $657 |
| Full Coverage | $2,287 |
BMW X7 Insurance Costs by Company
BMW X7 insurance costs range from $1,735 to $3,361 annually, varying by age, model year and coverage level. The table below compares the average BMW X7 insurance rates with the averages for all vehicles from several national and midsize providers.
| Allstate | $3,316 | $1,805 | 84% |
| Auto-Owners | $1,735 | $1,224 | 42% |
| Farmers | $3,361 | $1,949 | 72% |
| GEICO | $1,877 | $1,330 | 41% |
| Kemper | $3,129 | $2,207 | 42% |
| Nationwide | $2,398 | $1,584 | 51% |
| Progressive | $2,228 | $1,740 | 28% |
| State Farm | $1,785 | $1,266 | 41% |
| Travelers | $2,131 | $1,518 | 40% |
| USAA | $1,785 | $1,197 | 49% |
Read more: Best Car Insurance Companies
Cost of Insuring a BMW X7 by Model Year
Your BMW X7's production year significantly impacts your insurance rates, with older models typically costing less to insure. For instance, a 2020 model has a full coverage rate of $2,129 annually, while a 2022 model costs $2,460. Below are the average full and minimum coverage rates for every BMW X7 production year.
| 2022 | $766 | $2,460 |
| 2021 | $624 | $2,331 |
| 2020 | $641 | $2,129 |
| 2019 | $643 | $2,250 |
BMW X7 Insurance Costs by Driver Age
BMW X7 insurance rates vary widely based on the driver's age. For example, 16-year-olds pay around $10,011 annually for full coverage, while 40-year-olds pay roughly $2,293. Below are the average full and minimum coverage rates for BMW X7 drivers of different ages.
| 16 | $3,069 | $10,011 |
| 17 | $2,523 | $8,177 |
| 18 | $2,224 | $7,236 |
| 19 | $1,590 | $5,175 |
| 20 | $1,427 | $4,712 |
| 21 | $1,122 | $3,794 |
| 22 | $1,023 | $3,494 |
| 23 | $950 | $3,265 |
| 24 | $901 | $3,107 |
| 25 | $790 | $2,758 |
| 26 | $764 | $2,678 |
| 27 | $745 | $2,617 |
| 28 | $733 | $2,574 |
| 29 | $722 | $2,536 |
| 30 | $697 | $2,433 |
| 35 | $676 | $2,344 |
| 40 | $669 | $2,293 |
| 45 | $662 | $2,252 |
| 50 | $644 | $2,176 |
| 55 | $626 | $2,108 |
| 60 | $625 | $2,099 |
| 65 | $669 | $2,126 |
| 70 | $728 | $2,269 |
| 75 | $810 | $2,487 |
| 80 | $917 | $2,757 |
| 85 | $987 | $2,963 |
| 90 | $1,041 | $3,106 |
BMW X7 Insurance Rates Explained
Several factors affect car insurance rates based on driver profiles. However, insurers also take into account factors tied to your car. Below is a breakdown of vehicle-related cost factors.
BMW X7 Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296BMW X7
Average Full Coverage Rate
$2,287Premiums for BMW X7 are:$991 more
This is 76% more expensive.
Value
The BMW X7's MSRP of $150,395 classifies it as a luxury vehicle, which means insurers may charge more for insurance.
Performance
The BMW X7 goes from 0 to 60 in 3.8 seconds with horsepower ranging from 375 to 523, classifying it as a high-performance vehicle and raising insurance costs.
Vehicle age
Newer cars like the BMW X7 are typically more expensive to insure than older vehicles. Collector and classic vehicles can be exceptions.
Safety features
Safety features like stability control, airbags and antilock brakes can qualify the BMW X7 for insurance discounts.
Vehicle size
Larger vehicles like the BMW X7, with a curb weight of 5,895 lbs, may cost more to insure.
Trim level
Higher trim levels, such as the Xdrive40I Sport and M60I Sport, often have higher insurance costs than the base model.
Theft rates
Vehicles with higher theft rates, such as the BMW X7, which has a theft claims frequency of 338, often have higher insurance costs.
Cheapest BMW X7 Insurance
State Farm offers the most affordable BMW X7 insurance at $453 per year for minimum coverage, based on a 40-year-old male with a clean driving record. Below is a breakdown of the cheapest car insurance options across coverage levels, age groups, driving records, model years and more.
Cheapest BMW X7 Insurance by Coverage Level
Your coverage level greatly affects your BMW X7 insurance rate. State Farm provides the most affordable minimum and full coverage rates. Below is a breakdown of the cheapest providers for each coverage type.
Cheapest BMW X7 Minimum Coverage
State Farm offers the cheapest minimum coverage for a BMW X7 at $38 monthly. Other competitive options include GEICO at $41, Travelers at $48 and Allstate at $55.
| USAA | $35 | $426 |
| State Farm | $38 | $453 |
| GEICO | $41 | $498 |
| Travelers | $48 | $580 |
| Allstate | $55 | $659 |
| Progressive | $55 | $660 |
| Farmers | $70 | $841 |
| Nationwide | $91 | $1,086 |
*State Farm offers the lowest average minimum coverage insurance rate for non-military-affiliated BMW X7 owners. USAA is the most affordable option for military-affiliated drivers.
Best BMW X7 Insurance Rates by Model Year
The above list doesn't consider your BMW X7's production year, so you might find lower rates depending on its age. Use the table below to find the cheapest minimum coverage rates for each production year.
Data filtered by:Results filtered by:
Select
Model Year:2019
| Allstate | $639 | $53 |
| Farmers | $831 | $69 |
| GEICO | $502 | $42 |
| Nationwide | $696 | $58 |
| Progressive | $665 | $55 |
| State Farm | $456 | $38 |
| Travelers | $586 | $49 |
| USAA | $469 | $39 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage BMW X7 Insurance
State Farm offers the cheapest full coverage insurance for a BMW X7 at $144 monthly or $1,723 annually. Below is the complete list of BMW X7 full coverage providers and rates.
| USAA | $141 | $1,690 |
| State Farm | $144 | $1,723 |
| GEICO | $151 | $1,812 |
| Travelers | $174 | $2,090 |
| Progressive | $179 | $2,154 |
| Nationwide | $187 | $2,250 |
| Farmers | $258 | $3,099 |
| Allstate | $265 | $3,176 |
*On average, State Farm is the cheapest insurer for non-military-affiliated BMW X7 owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest BMW X7 Insurance by Age
Young drivers aged 16 to 25 and seniors 55 and up often pay more for auto insurance. Below is a breakdown of the cheapest BMW X7 insurance options by age.
Cheapest BMW X7 Insurance for Young Drivers
Young drivers can find the cheapest car insurance with State Farm, which offers minimum coverage at $983 annually or $82 monthly. The table below shows the complete list of affordable options for BMW X7 drivers aged 16 to 25.
| USAA | $73 | $882 |
| State Farm | $82 | $983 |
| GEICO | $97 | $1,159 |
| Travelers | $100 | $1,198 |
| Allstate | $121 | $1,454 |
| Progressive | $164 | $1,970 |
| Farmers | $187 | $2,243 |
| Nationwide | $256 | $3,070 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW X7 Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up at $496 annually or $41 monthly. Below is the full list of affordable BMW X7 insurers.
| State Farm | $41 | $496 |
| USAA | $47 | $562 |
| GEICO | $49 | $586 |
| Travelers | $57 | $690 |
| Allstate | $65 | $785 |
| Progressive | $68 | $811 |
| Farmers | $95 | $1,145 |
| Nationwide | $107 | $1,290 |
Cheapest BMW X7 Insurance After an Accident
For BMW X7 drivers, State Farm, GEICO and Travelers offer the cheapest car insurance after an accident. For more options, see the complete list below.
| State Farm | $47 | $568 |
| USAA | $54 | $643 |
| GEICO | $65 | $781 |
| Travelers | $69 | $826 |
| Allstate | $75 | $898 |
| Progressive | $90 | $1,080 |
| Farmers | $140 | $1,678 |
| Nationwide | $144 | $1,733 |
BMW X7 Insurance Cost: Bottom Line
Regularly compare rates from different providers to find the cheapest car insurance. This article explores BMW X7 insurance, detailing costs across demographic groups and the most affordable providers.
BMW X7 Insurance Rates: FAQ
Below are answers to common questions about the costs of insuring a BMW X7, including affordable plans and minimum coverage options.
What company has the cheapest car insurance for a BMW X7?
State Farm offers the most affordable option for insuring a BMW X7, with annual minimum coverage rates averaging $453.
What is the average cost of car insurance for a BMW X7?
The average cost of minimum car insurance for a BMW X7 is $657 annually, while full coverage averages $2,287.
BMW X7 Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 1,195 quotes for a BMW X7 from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a BMW X7:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine BMW X7 insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your BMW X7.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.