BMW X2 Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A BMW X2 costs more than most other SUVs to insure.
• Full coverage car insurance for a X2 runs about $184 a month, on average, while liability only insurance typically tends to be around $82 monthly.
• NationalGeneral provides the lowest average premiums for a X2 with liability only coverage offered for as little as $41 a month.

---

---

X2 Overview

Coming in with a base MSRP of $36,600 for new 2022 models, the BMW X2 is a great SUV for all budgets. There's a X2 for every driver, with three different trim options offered.

After analyzing thousands of auto insurance quotes through Compare.com, we've found that BMW X2 car insurance rates run about $164 monthly, on average. Compared to other vehicles in the market, how do X2 insurance premiums stack up?

How Much is Car Insurance for a BMW X2?

Looking at the table above, you'll find that BMW X2 insurance prices are right around average compared to other vehicles on the road. On average, X2 drivers can expect to pay about $82 per month for liability insurance, and around $184 a month for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can provide more details on these different types of insurance).

When you compare it to other BMW models, the X2 is slightly cheaper, with rates more than 5% lower than the rest of the manufacturer's vehicle offerings. Compared to SUV offerings from other brands, auto insurance for a X2 is similarly on the expensive side, with liability only insurance premiums coming in about $2 more and $33 more for full coverage.

Compared to all vehicles, regardless of model, make, or body style, the X2 has more expensive prices than average for both liability only and full coverage car insurance.

---

---

Who has the Cheapest Car Insurance for a BMW X2?

If you're in the market for an auto insurance policy for a BMW X2, you're likely wondering which company offers the lowest rates. Although costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $41 per month from NationalGeneral. With car insurance as low as $43 monthly, Workmens is the next cheapest insurance carrier.

Kemper, Foremost, and Infinity finish off the rest of the top 5. That being said, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

Auto insurance carriers take a wide array of things into consideration when offering you rates. By getting quotes from a multitude of auto insurance companies at once, you can be sure you're finding the most affordable rate.

---

---

What Factors Affect Car Insurance Rates for a BMW X2?

As we mentioned above, there are a wide array of factors that car insurance carriers take into account to choose how much they charge you for insurance -- and each company weighs certain variables more than others, so there's not one single carrier that's the lowest for everyone.

The following sections show multiple variables car insurance companies use to calculate rates:

Vehicle Age

The BMW X2 has been around for a few years, so vehicle age may play a big role in what you end up paying for auto insurance. Generally, it costs more to insure newer cars because they're worth more, but as they get older, insurance costs will gradually get lower.

According to the table above, the BMW X2 is in line with this trend, as the cheapest models to insure are those that are 4 to 5 years old, while on average, the most expensive models are X2s that are 2 to 3 years old.

Your Age

Age is another factor that makes a difference in how much you pay for insurance. As you can see in the table above, younger drivers pay more for auto insurance than drivers who have more experience. In this case, drivers 18 to 24 pay $32 more than those 25 or older.

Insurance prices continue to decrease as you get older, with drivers aged 65 years and older making up the cheapest age group for the X2.

Your Gender

You may not know, but men usually pay more for insurance than women do. This is because men are more likely to get speeding tickets and get into accidents, which raises the chances of an insurance claim. When it comes to X2 drivers specifically, men pay around $85 per month for car insurance, while women pay about $70.

Where You Live

You may already know that things like 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 be just as important? Car insurance is regulated on a state-by-state basis, so premiums fluctuate quite a bit from state to state.

For example, the average BMW X2 driver in New York pays around $158 a month for liability coverage. Meanwhile, on average, the same owner from California will pay less than half of that price.

---

---

BMW X2 Car Insurance Discounts

No matter what car you drive, what state you live in, or how old you are, it's always a smart move to take advantage of as many insurance discounts as possible when shopping around for a new policy.

While no two car insurance carriers offer the same exact discounts, there are a few that you'll find with most insurers. These include things like:

• Multi-policy discounts for using the same insurance company for both your home and auto insurance
• Vehicle safety discounts for having a vehicle with higher than average safety ratings or one with certain safety features (like anti-lock brakes or air bags)
• Pay-in-full discounts for agreeing to pay your entire policy price up front, rather than in monthly installments
• Multi-vehicle discounts for insuring more than one of your cars with the same carrier

These are just a few of the discounts out there. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like driving safely, avoiding lapses in coverage, and not having recent insurance claims.

While you don't have control over every variable auto insurance companies use to calculate prices (like some of the ones mentioned above), there are quite a few that you do have control over. Below are just a few of the factors you can use to your advantage when it comes to saving some cash:

Your Driving Record

It's no secret that insurance carriers offer the cheapest premiums to drivers with clean records. And you're probably not surprised to hear that your car insurance rates will go higher if you get into an accident or get tickets for speeding. But exactly how much can these infractions cost you?

Based on the table above, accidents will usually cost X2 drivers more than tickets, but both will result in above average rates. Those with more than one of either violation will end up paying even more.

How Much You Drive

The amount of miles you drive annually plays a big role when it comes to your auto insurance prices. Those who are on the roads less are less likely to get speeding tickets, so they'll normally end up paying less for insurance.

But if you happen to be one of those drivers who put very few miles on your BMW X2 each year, it may be worth getting usage-based or pay-per-mile car insurance. With these policies, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

---

---

How Do BMW X2s Compare to Other Vehicles?

If you're thinking about purchasing a new vehicle and a BMW X2 is on your shortlist, you might want to know how it compares to other vehicles. Auto insurance is just one cost that comes with buying a new car, but it's certainly one that's worth considering carefully.

Take a look at the table below to see how the BMW X2 compares:

As you can see, the BMW X2 is right on par with the average vehicle price here in the U.S. The average vehicle MSRP in the U.S. is $46,192, and the X2 comes in close to that at $36,600.

Although the purchase price is right in the middle of the spectrum, auto insurance rates are cheaper when compared to the rest of the vehicle market. Liability insurance for a BMW X2 is about $27 per month less than average, while full coverage is $17 less monthly.

When it comes to usage, BMW X2 drivers are much lower than the national average in annual miles driven, with 11,617 miles for all vehicles per year compared to the X2's 9,121 each year.

BMW X2 Car Insurance Costs by Model Year

You've seen how different variables can have an impact on how much the average driver pays to insure a BMW X2. If you're thinking about buying a new vehicle and the X2 is one you're considering, knowing what you'll likely pay for the specific car you're looking at can be helpful as you consider your choices.

Choose Your Model

2022 BMW X2 Car Insurance 2021 BMW X2 Car Insurance 2020 BMW X2 Car Insurance 2019 BMW X2 Car Insurance 2018 BMW X2 Car Insurance

2022 BMW X2 Car Insurance

With a base price of just $36,600, the 2022 BMW X2 is an affordable SUV option for new car buyers.

When it comes to insuring a X2, the average 2022 BMW X2 generally costs around $54 per month to insure for liability only and $152 a month for full coverage. And if you want the lowest insurance possible, Mercury offers liability only policies for sometimes as cheap as $54 monthly.

Even though it's helpful to know how much the average driver pays for insurance, you'll never know exactly how much you'll pay without getting a personalized quote. Luckily, Compare.com will gather quotes from a variety of companies for you, all for free. Simply enter your ZIP code below to get started.

---

---

2021 BMW X2 Car Insurance

If you're looking to buy a 2021 X2 or already own one, you can expect an average insurance premium of about $126 for full coverage or $59 for a liability only policy.

And if you're just looking for the cheapest auto insurance for your X2, Mercury offers liability only policies for as low as just $54 per month.

If you want to know exactly how much you can expect to pay for your X2, just enter your ZIP code below and get several free quotes in minutes.

---

---

2020 BMW X2 Car Insurance

It costs around $71 a month for liability or $184 for a full coverage policy for the 2020 BMW X2.

NationalGeneral offered the most affordable policy we found, with rates sometimes as low as $41 per month.

If you want to know just how much your rate will be, just enter your ZIP code below and get several free quotes in minutes.

---

---

2019 BMW X2 Car Insurance

The average cost to insure a 2019 X2 with liability only coverage is $101 monthly, while full coverage runs about $241 a month.

If you're looking for the lowest possible 2019 BMW X2 insurance policy, Infinity offered the cheapest policy we found, with rates as cheap as just $40 per month.

Interested in just how much you'll pay? Enter your ZIP code below to get lots of free customized quotes.

---

---

2018 BMW X2 Car Insurance

On average, drivers who own a 2018 BMW X2 can expect to pay $86 to $172 monthly for liability only and full coverage car insurance, respectively.

We found Liberty Mutual offered the lowest policy, with rates sometimes as little as $34 a month.

If you want to find the best premiums for insurance for a 2018 BMW X2, enter your ZIP code below and compare several personalized quotes in just a few minutes.

---

---

BMW X2 Insurance FAQs

Is a BMW X2 expensive to insure?

The BMW X2 is relatively expensive to insure compared to the average vehicle. Liability insurance runs an average of $82 per month, while full coverage will cost you around $184.

How can I get the best price on car insurance for my BMW X2?

The only way to make sure you're getting the most affordable price on auto insurance is to regularly shop around and compare quotes from a bunch of carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from an array of companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my BMW X2 affect my insurance prices?

Have you heard the old adage that it costs more to insure a red car before? Well, that's actually not the case. There are multiple factors car insurance carriers use when they decide your insurance price, but the color of your vehicle is not on that list.

Do I need to have insurance before I buy a BMW X2?

Before you can legally drive your new (or new to you) car off the dealership lot, you'll need to have a valid car insurance policy. As part of the buying process, some dealerships may offer you an auto insurance policy, but your best bet is letting your auto insurance company know ahead of time.

What car insurance discounts can I get for my BMW X2?

There are a variety of discounts out there when it comes to insurance. Many of them (like "pay-in-full discounts" and "safe driver discounts") are more based on you than the X2 you drive, but if your X2 has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may qualify for certain discounts. The best way to find out is to contact your insurance carrier and ask about which discounts they offer.