BMW X7 Car Insurance: How Much Should You Expect to Pay?

BMW X7 owners pay around $164 a month for their insurance, on average. Check out our new guide to know how much auto insurance carriers might charge you to insure your BMW X7.

Quick Facts

  • A BMW X7 is more expensive to insure compared to the average SUV.
  • Liability only car insurance premiums for a X7 come in at about $59 per month, while full coverage normally averages around $173.
  • The most affordable auto insurance carrier for a X7 is Dairyland, who offers rates as low as just $59 monthly.

X7 Overview

With 2020 models starting at $73,900, the BMW X7 is a high-end SUV on the more expensive end of the spectrum. There are three different trim levels currently offered, so you'll be sure to find an option to fit your style.

We sifted through thousands of car insurance quotes on Compare.com, and we've determined that, on average, BMW X7 insurance prices run about $164 per month. But how does that compare to other vehicles on the market?

Current Base Price$73,900
Body Style(s)SUV
Trim LevelsXDRIVE40I, M50I, XDRIVE50I
Average Insurance Premium$164/mo.
Cheapest Insurance CompanyDairyland

How Much is Car Insurance for a BMW X7?

Vehicle Liability Only Full Coverage
BMW X7$59$173
All BMW Models$84$199
All SUVs$80$151
Average Insurance Premium$81$169

You can see in the table above that when you compare the BMW X7 to other vehicles, insurance premiums are right around average. X7 drivers typically pay about $173 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $59 monthly for liability only insurance (find out more about the difference with our guide "State Minimum vs. Full Coverage").

Comparing it to other models, the X7 is cheaper, with rates around 13% lower than the other vehicle types offered by BMW. But X7 coverage runs close to average when compared to other vehicles of a similar body style, with full coverage insurance prices coming in at $22 higher than other SUVs and liability insurance premiums at $21 cheaper.

The same can be said, that the X7's car insurance prices run about average, when comparing the BMW X7 to vehicles of any body type, no matter what make, model, or body style they are.

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Who has the Cheapest Car Insurance for a BMW X7?

Insurance Company Average Monthly Premium
Dairyland$59

Are you searching for a car insurance policy for your BMW X7? You're probably wondering which company offers the lowest premiums. While costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $59 per month from Dairyland.

However, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Insurance companies take a variety of different variables into consideration when offering you rates. Because every driver is different, there's only one way to ensure you get the lowest prices, and that's by getting personalized quotes and comparing rates from a whole bunch of auto insurance carriers.

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What Factors Affect Car Insurance Rates for a BMW X7?

There are lots of attributes that insurance companies use to decide how much they charge you for a policy -- and every carrier uses a different formula, so there's not one single company that's the cheapest for each driver.

The sections below show multiple factors car insurance carriers use to determine rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$59
2-3 YearsNot Enough Data
4-5 YearsNot Enough Data
6-7 YearsNot Enough Data
8-10 YearsNot Enough Data
11-14 YearsNot Enough Data
15 Years or OlderNot Enough Data

The BMW X7 has only been around for one model year, which means vehicle age won't affect your cost in the same way it might for other vehicles. Normally, older cars will be cheaper to insure because they're worth less than newer models, and as cars age, insurance costs will gradually decrease.

Next year, we'll have a better idea of the differences in rates for each model year, but for now we see that a X7 less than one year old will be around $59 per month to insure.

Your Age

Age Average Monthly Premium

How old you are plays a significant role in how much auto insurance companies will charge for a policy. Because the BMW X7 is pretty new to the market, we're just starting to collect data on how age is affecting insurance prices. So far, based on the table above, younger X7 drivers have cheaper premiums than those who have more experience.

Car insurance prices continue to go down as you get older, with the cheapest age group for X7 drivers being 45-54.

Your Gender

Gender Average Monthly Premium
Male$59

Because women are less likely to get speeding tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, women generally pay less for car insurance than men.

Where You Live

State Average Monthly Premium

You may think it's obvious that things such as how old you are and what vehicle you drive play a role in your auto insurance rates, but did you know that where you live can matter just as much? Since insurance is regulated on the state level and not nationally, premiums change quite a bit depending on what state you live in.

Because the X7 is a relatively new vehicle, our state data is somewhat limited. Even so, you can see in the table above that New York has rates that are more expensive than other locations.

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BMW X7 Car Insurance Discounts

Whatever your age, your car, or your home state, using as many discounts as possible when it comes to your car insurance policy is always a good idea.

While no two auto insurance carriers offer the same exact discounts, there are a few different ones that you'll find with most companies. These include discounts like:

  • Defensive driving discounts for drivers who take a defensive driving class from an accredited school or institution
  • Multi-car discounts for insuring more than one of your vehicles with the same carrier
  • Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)
  • Multi-policy discounts for using the same insurance company for both your home and car insurance

While taking advantage of discounts is always a smart way to save money on your insurance, sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like avoiding lapses in coverage, not having recent insurance claims, and driving safely.

Although you can't control every single aspect of your car insurance profile (like some of the variables we mentioned above), there is quite a bit that you can control. Below are just a few of the variables you can use to your advantage in order to save on insurance:

Your Driving Record

Infractions Average Monthly Premium
1 AccidentNot Enough Data
Multiple Accidents$59
1 TicketNot Enough Data
Multiple TicketsNot Enough Data

It's no secret that auto insurance carriers offer the most affordable prices to drivers with clean records. And you probably wouldn't be surprised that if you get into an accident or get speeding tickets, insurance rates will increase. But you still might be left wondering exactly how much these infractions will cost you.

Unfortunately, we don't have enough data on file for BMW X7 drivers specifically, since it is a relatively new vehicle. However, as we see more and more of these on the road, we'll have a better idea of how much infractions will cost X7 owners when it comes to car insurance.

How Much You Drive

Annual Mileage Average Monthly Premium
7,501-10,000 Miles$59

Another variable that impacts your auto insurance prices is the amount of miles you drive. Those who drive less are less likely to get into accidents, so they'll usually end up paying less for car insurance. Since the BMW X7 is a new SUV, our data is relatively limited, so we don't yet know how much annual driving distance will affect premiums. So far, drivers who travel 7,500 - 10,000 miles per year are offered the highest rates.

But if you don't drive much because have a second vehicle or you work from home, you might consider getting a usage-based or pay-per-mile insurance policy. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do BMW X7s Compare to Other Vehicles?

If you're considering making a BMW X7 your next purchase, it can pay off to do your due diligence. Auto insurance is just one cost that's associated with buying a new car, but it's guaranteed to be one that's worth thinking about carefully.

Take a look at the table below to see how the BMW X7 compares:

BMW X7 National Average
Liability Insurance-$81
Full Coverage Insurance$127$169
Base MSRP$73,900$46,547
Average Annual Mileage8,00011,617

Overall, the BMW X7 is on the more expensive side when it comes to price, with an MSRP that's a quarter more than the going rate for a new vehicle. The X7 starts at $73,900, a bit higher than the national average vehicle price of $46,547.

Full coverage insurance for a BMW X7 is around $42 a month cheaper than average, while liability only coverage is a month.

However, it is worth noting that the X7 drivers tend to use their cars less than the average American driver, with only 8,000 annual miles for the average owner.

BMW X7 Car Insurance Costs by Model Year

We've gone over many of the things that can affect how much the average driver pays for auto insurance. But if you're in thinking about buying a new car, truck, or SUV and the X7 is on your wishlist, knowing how much your vehicle will likely cost can be extremely valuable as you weigh your options.

2019 BMW X7 Car Insurance

   
Liability Only Avg. Premium$59
Full Coverage Avg. Premium$212
Base MSRP$73,900
Cheapest Insurance CompanyDairyland - $59/mo.
Available TrimsXDRIVE40I, XDRIVE50I

2019 X7 drivers can expect to pay an average of $59 monthly for liability or $212 for full coverage.

Dairyland has prices sometimes as low as $59 per month for the 2019 BMW X7.

If you want to find the best rates for car insurance for a 2019 BMW X7, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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BMW X7 Insurance FAQs

Is a BMW X7 expensive to insure?

Liability insurance runs an average of $59 a month, while full coverage will cost you around $173. It costs more to insure a BMW X7 when compared to the average vehicle.

How can I get the best price on car insurance for my BMW X7?

The only way to be sure you're getting the lowest price on auto insurance is to regularly shop around and compare quotes from a range of companies. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from quite a few carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my BMW X7 affect my insurance prices?

You might have heard the old adage that it costs more to insure a red car, but that's simply not true. There are a lot of factors insurance companies use when they decide your auto insurance premium, but your car's color is not one of them.

Do I need to have insurance before I buy a BMW X7?

You'll need to have an insurance policy in place before you can legally driver your new (or new to you) vehicle off the dealership lot. As part of the buying process, some dealerships may offer you an auto insurance policy, but it's best to let your car insurance company know before you buy.

What car insurance discounts can I get for my BMW X7?

You will find a range of different discounts out there when it comes to insurance. Many of them (like "safe driver discounts" and "multi-policy discounts") are based less on your BMW X7 and more on you, but if your X7 has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may be eligible for certain discounts. The only way to know for sure is to reach out to your insurance carrier and ask about their discounts, since they vary quite a bit from company to company.

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