BMW X5 M Insurance: by Model Year & Company

BMW X5 M insurance costs an average of $1,866 for a 6-month full coverage policy. Progressive offers the cheapest rate for the latest BMW X5 M at $243/mo or $1,458 for a 6-month full coverage policy.

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X5 M Car Insurance

What to know about insuring a BMW X5 M:

  1. The X5 M costs more to insure than most SUVs. Averaging $311/mo for the X5 M versus $184/mo for typical SUVs.
  2. If you're considering a vehicle similar to the X5 M, like the BMW X3 M ($291/mo), BMW X6 M ($353/mo), or BMW X5 ($211/mo), your insurance costs will be about the same.
  3. Progressive ($191/mo), American Family ($219/mo), State Farm ($274/mo) offer the cheapest full coverage rates.

The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.

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2025 BMW X5 M Vehicle Image
2025 BMW X5 M
Av. Cost Per Year$5,221
Av. Per Month$435

Cheapest Companies

Progressive$147/m
USAA$177/m
Erie$181/m

How much does it cost to insure my BMW X5 M?

Select your model year:

2025 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,915

American Family

$3,363

USAA

$4,001

Nationwide

$4,061

Erie

$4,314

State Farm

$4,392

GEICO

$6,002

Farmers

$6,221

Allstate

$9,032

Compare all 2025 BMW X5 M insurance rates.
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Average Cost to Insure Per Year
$5,221

2024 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,854

American Family

$3,227

Erie

$4,170

Nationwide

$4,170

State Farm

$4,223

USAA

$4,496

GEICO

$5,745

Farmers

$5,763

Allstate

$8,564

Compare all 2024 BMW X5 M insurance rates.
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Average Cost to Insure Per Year
$5,116

2023 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,775

American Family

$2,988

Nationwide

$3,790

State Farm

$4,006

Erie

$4,030

GEICO

$5,453

USAA

$5,974

Farmers

$6,309

Allstate

$7,267

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Average Cost to Insure Per Year
$5,008

2022 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,694

American Family

$2,785

Nationwide

$3,714

Erie

$3,776

State Farm

$3,818

USAA

$3,829

GEICO

$4,759

Farmers

$5,940

Allstate

$6,675

Compare all 2022 BMW X5 M insurance rates.
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Average Cost to Insure Per Year
$4,384

2021 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
American Family

$2,332

Progressive

$2,542

Erie

$3,649

USAA

$3,655

Nationwide

$4,082

State Farm

$4,225

GEICO

$5,037

Farmers

$5,641

Allstate

$6,382

Compare all 2021 BMW X5 M insurance rates.
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Average Cost to Insure Per Year
$4,421

2020 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,420

American Family

$2,674

USAA

$3,300

Erie

$3,625

State Farm

$3,703

Nationwide

$4,034

GEICO

$4,369

Farmers

$5,351

Allstate

$6,023

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Average Cost to Insure Per Year
$4,075

2018 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,085

American Family

$2,686

State Farm

$2,761

Erie

$3,513

Nationwide

$3,678

USAA

$4,191

GEICO

$4,427

Allstate

$5,085

Farmers

$5,368

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Average Cost to Insure Per Year
$3,885

2017 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,121

American Family

$2,546

USAA

$3,155

State Farm

$3,223

Erie

$3,331

Nationwide

$3,458

GEICO

$3,989

Allstate

$4,424

Farmers

$4,878

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Average Cost to Insure Per Year
$3,531

2016 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$2,050

American Family

$2,571

USAA

$3,002

State Farm

$3,003

Nationwide

$3,130

Erie

$3,191

GEICO

$3,871

Allstate

$4,324

Farmers

$4,657

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Average Cost to Insure Per Year
$3,377

2015 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$1,980

American Family

$2,463

State Farm

$2,567

Erie

$2,887

Nationwide

$3,001

USAA

$3,248

GEICO

$3,649

Allstate

$4,089

Farmers

$4,584

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Average Cost to Insure Per Year
$3,237

2013 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$1,824

American Family

$2,099

State Farm

$2,144

Erie

$2,554

USAA

$2,732

Nationwide

$2,884

GEICO

$3,194

Allstate

$3,780

Farmers

$3,896

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Average Cost to Insure Per Year
$2,873

2012 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$1,751

American Family

$2,063

USAA

$2,266

Nationwide

$2,270

Erie

$2,371

State Farm

$2,393

GEICO

$3,038

Farmers

$3,746

Allstate

$3,841

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Average Cost to Insure Per Year
$2,704

2011 BMW X5 M

Cheapest Insurance Companies Average Annual Cost
Progressive

$1,764

USAA

$2,121

Erie

$2,174

State Farm

$2,255

American Family

$2,346

Nationwide

$2,488

GEICO

$2,919

Allstate

$3,620

Farmers

$3,656

Compare all 2011 BMW X5 M insurance rates.
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Average Cost to Insure Per Year
$2,635