Best BMW X2 Car Insurance in 2024 (Your Guide to the Top 10 Companies)
When looking for the best BMW X2 car insurance, Progressive, State Farm, and Geico excel with rates starting at $45 per month. These top companies offer competitive BMW X2 car insurance quotes and robust coverage options, including excellent customer service and various discounts to enhance value.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
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UPDATED: Aug 8, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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19,116 reviews
The best BMW X2 car insurance providers are Progressive, State Farm, and Geico, with rates starting at $45 per month. Progressive is the top pick overall, offering the best balance of coverage and affordability. These companies provide excellent BMW X2 car insurance quotes and options tailored to your needs.
The article also explores how various factors influence car insurance rates, including whether the age of a car affect car insurance rates. Discover how the BMW X2’s age can impact your insurance costs and learn about other factors that play a role in determining your rates for better financial planning.
Our Top 10 Company Picks: Best BMW X2 Car Insurance
Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
#1 20% A+ Innovative Snapshot Progressive
#2 17% B Customer Service State Farm
#3 25% A++ Competitive Rates Geico
#4 10% A+ Coverage Options Allstate
#5 10% A++ Military Families USAA
#6 12% A Flexible Policies Liberty Mutual
#7 15% A+ Vanishing Deductible Nationwide
#8 15% A Comprehensive Options Farmers
#9 13% A++ Hybrid Vehicles Travelers
#10 20% A Young Drivers American Family
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- State Farm offer competitive quotes for BMW X2 coverage
- Insurance rates vary with factors like vehicle age and location
- Discover car insurance discounts available for BMW X2 owners
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#1 – Progressive: Top Pick Overall
Pros
- Affordable Premiums: Progressive offers competitive rates for BMW X2 insurance, with an average cost of $125 per month, making it a cost-effective choice for BMW X2 owners. Learn more details in our Progressive car insurance review.
- Extensive Discounts: Progressive provides various discounts that can reduce the cost of BMW X2 insurance, such as multi-policy, good driver, and low mileage discounts, which help lower overall expenses.
- Flexible Coverage Options: Progressive allows for customizable coverage options tailored to the BMW X2, ensuring that drivers can select protection that fits their specific needs and preferences.
Cons
- Higher Rates for Some Drivers: Despite the average rate of $125, certain BMW X2 drivers may face higher premiums based on their driving history or location, which could make Progressive less competitive for those individuals.
- Limited Local Agent Availability: Progressive’s emphasis on online and phone services means that personal assistance from local agents may be less accessible, potentially impacting BMW X2 drivers who prefer face-to-face interactions.
#2 – State Farm: Best for Customer Service
Pros
- Competitive Rates: State Farm offers competitive insurance rates for the BMW X2, with an average monthly cost of $130, making it an affordable option for many drivers. More information about their rates in our State Farm car insurance review.
- Discounts for Safe Driving: State Farm provides substantial discounts for safe driving and accident-free records, which can significantly lower the cost of BMW X2 insurance for cautious drivers.
- Comprehensive Coverage Options: State Farm provides extensive coverage options for BMW X2 owners, including collision, comprehensive, liability, and uninsured motorist coverage, ensuring robust protection for your vehicle.
Cons
- Higher Premiums for Younger Drivers: State Farm’s rates may be higher for younger drivers, making it less affordable for younger BMW X2 owners compared to other providers.
- Limited Online Tools: State Farm’s online tools and resources may not be as advanced or user-friendly as those of some competitors, potentially affecting the ease of managing your BMW X2 insurance online.
#3 – Geico: Best for Competitive Rates
Pros
- Low Average Premiums: Geico offers the lowest average monthly premium for BMW X2 insurance at $120, providing a cost-effective option for those looking to save on coverage.
- Wide Range of Discounts: Geico provides a broad array of discounts, including for safe driving, military members, and multiple policies, helping reduce the overall cost of BMW X2 insurance.
- User-Friendly Online Tools: Geico offers an easy-to-use online platform for managing your BMW X2 insurance, making it convenient to get quotes, file claims, and adjust coverage. Learn more in our Geico car insurance review.
Cons
- Customer Service Variability: Geico’s customer service can vary, with some customers reporting challenges in getting timely assistance or resolving issues with their BMW X2 insurance policies.
- Limited Coverage Options: Geico’s coverage options may be less extensive compared to other insurers, which could be a drawback for BMW X2 owners seeking more customized or specialized protection.
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#4 – Allstate: Best for Coverage Options
Pros
- Comprehensive Coverage: Allstate offers extensive coverage options for the BMW X2, including options for additional protection such as roadside assistance and accident forgiveness, with an average monthly cost of $140.
- Strong Local Agent Network: As mentioned in our Allstate car insurance review, Allstate has a robust network of local agents, providing personalized service and assistance for BMW X2 owners who prefer face-to-face interactions.
- Various Discounts: Allstate offers numerous discounts, such as bundling, safe driving, and vehicle safety feature discounts, which can help reduce the cost of insuring your BMW X2.
Cons
- Higher Premiums: Allstate’s average monthly rate of $140 is higher compared to some competitors, which may make it a more expensive option for BMW X2 insurance.
- Mixed Customer Reviews: Some customers have reported mixed experiences with Allstate’s claims process and customer service, potentially impacting the overall satisfaction with BMW X2 insurance coverage.
#5 – USAA: Best for Military Families
Pros
- Lowest Average Premium: USAA offers the lowest average monthly premium for BMW X2 insurance at $115, making it the most cost-effective option for eligible drivers.
- Excellent Customer Service: USAA is renowned for its outstanding customer service and support, providing high-quality assistance and resources for BMW X2 owners.
- Generous Discounts: USAA offers substantial discounts for safe driving, military members, and bundling, which can further reduce the cost of BMW X2 insurance. Learn more in our USAA car insurance review.
Cons
- Eligibility Restrictions: USAA insurance is available only to military members and their families, limiting access to its competitive rates and excellent service for BMW X2 owners outside this group.
- Limited Physical Locations: USAA operates primarily online and via phone, which may be inconvenient for BMW X2 owners who prefer in-person service or local agent interactions.
#6 – Liberty Mutual: Best for Flexible Policies
Pros
- Comprehensive Coverage Options: Liberty Mutual provides a wide range of coverage options for the BMW X2, including additional protections such as accident forgiveness and new car replacement, with an average monthly cost of $135.
- Various Discounts: Liberty Mutual offers multiple discounts, including for safe driving, bundling policies, and having vehicle safety features, which can lower the cost of BMW X2 insurance.
- Strong Customer Support: Liberty Mutual is known for its reliable customer service, offering support and resources to help BMW X2 owners manage their insurance effectively. Learn more in our Liberty Mutual car insurance review.
Cons
- Higher Average Premiums: With an average rate of $135, Liberty Mutual’s premiums are higher than some competitors, which may be a drawback for cost-conscious BMW X2 owners.
- Mixed Claims Experience: Some customers report a mixed experience with Liberty Mutual’s claims process, which could affect overall satisfaction with BMW X2 insurance coverage.
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#7 – Nationwide: Best for Vanishing Deductible
Pros
- Affordable Rates: Nationwide offers competitive rates for BMW X2 insurance, with an average cost of $128 per month, providing a budget-friendly option for many drivers.
- Discount Opportunities: Nationwide provides various discounts, including for safe driving, multi-policy bundles, and having safety features on your BMW X2, which can help reduce insurance costs. Check out their ratings in our complete Nationwide car insurance discount.
- Comprehensive Coverage: Nationwide offers comprehensive coverage options tailored to the BMW X2, including additional protections that can enhance overall policy value.
Cons
- Customer Service Variability: Nationwide’s customer service experiences can vary, with some drivers reporting less consistent support and assistance for their BMW X2 insurance needs.
- Limited Online Resources: Nationwide’s online tools and resources may not be as advanced as those of some competitors, potentially affecting ease of use for managing your BMW X2 insurance.
#8 – Farmers: Best for Comprehensive Options
Pros
- Customized Coverage Options: Farmers provides a variety of coverage options for the BMW X2, allowing for tailored protection based on individual needs and preferences, with an average monthly cost of $132.
- Discount Programs: Farmers offers several discount programs, including for bundling policies, safe driving, and having advanced safety features in your BMW X2, helping to lower insurance costs.
- Strong Local Agent Presence: Farmers has a significant network of local agents, offering personalized service and support for BMW X2 owners who prefer face-to-face interactions. Learn more in our Farmers car insurance review.
Cons
- Higher Premiums: Farmers’ average premium of $132 is higher compared to some other insurers, which might be a concern for those looking to minimize their BMW X2 insurance expenses.
- Mixed Customer Reviews: Some customers have reported mixed experiences with Farmers’ claims process and customer service, which could impact satisfaction with BMW X2 insurance coverage.
#9 – Travelers: Best for Hybrid Vehicles
Pros
- Competitive Pricing: Travelers offers competitive insurance rates for the BMW X2, with an average monthly premium of $129, making it a reasonably priced option for coverage.
- Flexible Coverage Options: Travelers provides a range of customizable coverage options for the BMW X2, allowing drivers to select the protections that best meet their needs. See more details on our Travelers car insurance review.
- Discount Opportunities: Travelers offers various discounts, including for safe driving, multi-policy bundles, and vehicle safety features, which can help reduce the overall cost of BMW X2 insurance.
Cons
- Customer Service Challenges: Some customers report challenges with Travelers’ customer service, which could affect overall satisfaction with handling BMW X2 insurance needs and claims.
- Variable Coverage Availability: Coverage options and availability can vary by location, which might limit the choices for BMW X2 owners in certain areas.
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#10 – American Family: Best for Young Drivers
Pros
- Affordable Premiums: American Family offers competitive insurance rates for the BMW X2, with an average monthly cost of $124, making it an attractive option for budget-conscious drivers.
- Diverse Discount Options: American Family provides numerous discount opportunities, including for safe driving, bundling policies, and having safety features on the BMW X2, which can lower insurance premiums.
- Comprehensive Coverage Choices: American Family offers a range of coverage options tailored to the BMW X2, ensuring drivers can find protection that suits their specific needs. More information in our American Family car insurance review.
Cons
- Higher Rates for Some Drivers: Although American Family’s average rate is $124, some BMW X2 drivers may encounter higher premiums based on factors such as their driving history or location.
- Customer Service Variability: Customer service experiences with American Family can vary, with some drivers reporting inconsistent support and assistance with their BMW X2 insurance policies.
Why Vehicles Like the BMW X2 Expensive to Insure
The table below compares monthly rates for minimum and full coverage car insurance for a BMW X2 from various providers.
BMW X2 Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $60 $140
American Family $51 $124
Farmers $57 $132
Geico $50 $120
Liberty Mutual $58 $135
Nationwide $53 $128
Progressive $52 $125
State Farm $55 $130
Travelers $54 $129
USAA $45 $115
Take a look at how insurance rates for similar models to the BMW X2 look. These insurance rates for other SUVs like the Dodge Journey, Lexus LX 570, and Subaru Forester give you a good idea of what to expect.
Progressive is the top pick overall, offering the best balance of coverage and affordability.
Brad Larson LICENSED INSURANCE AGENT
To give you a clearer picture of the insurance costs for a BMW X2, we’ve compiled a table comparing monthly rates for both minimum and full coverage from a variety of providers. This breakdown will help you see how different insurers price their policies for this particular model.
BMW X2 Car Insurance Monthly Rates by Coverage Type
| Coverage | Rates |
|---|---|
| Comprehensive | $28 |
| Collision | $49 |
| Minimum Coverage | $33 |
| Full Coverage | $122 |
By comparing these rates, you can better understand the range of insurance costs for the BMW X2 and make an informed decision about which provider offers the best value for your needs. Next, we’ll look at how these rates compare to insurance costs for similar SUV models.
BMW X2 Car Insurance Monthly Rates vs. Similar Vehicles by Coverage Type
| Vehicle | Comprehensive | Collision | Liability | Total |
|---|---|---|---|---|
| Land Rover Discovery Sport | $31 | $56 | $35 | $134 |
| Toyota 4Runner | $29 | $44 | $26 | $111 |
| Mazda CX-9 | $29 | $47 | $31 | $120 |
| Nissan Xterra | $18 | $25 | $37 | $93 |
| Audi Q3 | $29 | $57 | $33 | $132 |
| Lincoln Navigator | $30 | $57 | $33 | $133 |
| Buick Enclave | $29 | $50 | $31 | $123 |
| Dodge Durango | $29 | $47 | $31 | $120 |
You can see where the BMW X2 stands in terms of insurance costs relative to other SUVs. This comparison can aid in making a well-rounded decision when considering the insurance implications of your next vehicle purchase.
Read More: Compare Land Rover Car Insurance Rates
Factors that Impact the Cost of BMW X2 Insurance
The BMW X2 trim and model you choose can impact the total price you will pay for BMW X2 insurance coverage. More information is available about full coverage in our guide titled “Best Full Coverage Car Insurance.”
You can also expect your BMW X2 rates to be affected by where you live, your driving history, and in most states your age and gender.
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BMW X2 Auto Insurance Cost
If you’re looking to buy a BMW X2, price is probably a factor for you. The MSRP of the BMW X2 is $36,600, but this price will depend on things like the trim level, options, and any negotiations you make with the dealer.
BMW X2 Safety Ratings
The cost of BMW X2 auto insurance rates depend in part on the BMW X2 safety ratings. See how the BMW X2 is rated for safety here.
| Type | Rating |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger-side | Good |
| Moderate overlap front | Good |
| Side | Good |
| Roof strength | Good |
| Head restraints and seats | Good |
Considering the BMW X2’s excellent safety ratings, including “Good” scores in all test categories, it’s clear that the vehicle’s robust safety features contribute to its affordable car insurance premiums.
The high safety ratings not only enhance the vehicle’s protection but also positively impact insurance costs, making the BMW X2 a smart choice for safety-conscious drivers.
Read More: Safety Features Car Insurance Discounts
BMW X2 Crash Test Ratings
The BMW X2 crash test ratings will have an affect on BMW X2 car insurance rates. Take a look at crash test results for the BMW X2.
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2024 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2023 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2023 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2022 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2022 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2021 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2021 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2020 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2020 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2019 BMW X2 SUV FWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2019 BMW X2 SUV AWD | 4 stars | 5 stars | 4 stars | 5 stars |
Understanding the crash test ratings for the BMW X2 can give you a better idea of its safety features and how they impact insurance costs. The following results highlight the safety evaluations for different versions of the BMW X2, providing essential information for potential buyers.
Ways to Save on BMW X2 Insurance
Finding ways to lower your BMW X2 car insurance rates can lead to significant savings over time. Here are five practical tips to help you reduce your insurance costs and keep more money in your pocket.
- Keep a close eye on teen drivers.
- Compare BMW X2 quotes online.
- Pay your bills on time — especially BMW X2 payments and insurance.
- Get a plan with only liability coverage if you’re driving an older BMW X2.
- Ask about loyalty discounts.
By implementing these strategies, you can effectively lower your BMW X2 car insurance premiums. Staying proactive and informed about your insurance options will ensure you get the best rates possible. For more information, read our article titled “16 Ways to Lower the Cost of Your Insurance.”
These discounts from top insurance providers in Iowa offer valuable opportunities for car owners to save money while maintaining comprehensive coverage and safety on the road.
Top BMW X2 Insurance Companies
What is the best auto insurance company for BMW X2 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW X2 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the BMW X2.
| Rank | Insurance Company | Premium Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66.1 million | 9.3% |
| #2 | Geico | $46.3 million | 6.6% |
| #3 | Progressive | $41.7 million | 5.6% |
| #4 | Liberty Mutual | $39.2 million | 5.1% |
| #5 | Allstate | $36.1 million | 5% |
| #6 | Travelers | $28.7 million | 4% |
| #7 | USAA | $24.6 million | 3.3% |
| #8 | Chubb | $24.1 million | 3.3% |
| #9 | Farmers | $20 million | 2.9% |
| #10 | Nationwide | $18.4 million | 2.6% |
While the actual insurance rates for your BMW X2 will vary based on individual circumstances, the companies listed above are renowned for their comprehensive coverage and potential discounts for safety features.
Comparing quotes from these insurers can help you find the best coverage at the most competitive rates. Save money by comparing BMW X2 insurance rates with free quotes online now.
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Frequently Asked Questions
Are BMW X2 vehicles expensive to insure?
Insurance rates for BMW X2 and similar vehicles can vary.
What factors affect BMW X2 insurance costs?
Factors such as the BMW X2 model, location, driving history, and age can impact insurance costs. To learn more, explore our comprehensive resource on “How much does mileage affect car insurance rates?”
How much does the BMW X2 cost?
The BMW X2’s price depends on the trim level, options, and negotiations, with an MSRP of $36,600. Get started on comparing full coverage auto insurance rates by entering your ZIP code below.
What are the BMW X2’s safety ratings?
Safety ratings can affect insurance rates. Refer to official crash test results for BMW X2 safety ratings. Learn more by reading into our guide titled “Anti-Theft Car Insurance Discounts.”
How can I save on BMW X2 insurance?
Compare quotes, maintain a clean driving record, take advantage of discounts, consider a higher deductible, and bundle policies.
Do insurance companies offer discounts for BMW X2 safety features?
Yes, many insurance companies offer discounts for cars equipped with advanced safety features. The BMW X2’s security systems and driver assistance technologies may qualify for such discounts.
Is it cheaper to insure an older BMW X2?
Generally, older models may cost less to insure than newer ones due to lower replacement values. However, insurance rates will also depend on the car’s condition and any additional coverage needed.
How does my driving history impact BMW X2 insurance rates?
A clean driving record can significantly lower your insurance rates, while a history of accidents or traffic violations can increase premiums. Safe driving habits are crucial for affordable insurance.
To find out more, explore our guide titled “Does car insurance cover non-accident repairs?”
What types of coverage should I consider for my BMW X2?
Depending on your needs, consider liability, comprehensive, collision, and uninsured/underinsured motorist coverage. Full coverage might be beneficial for newer models to protect against various risks.
Can I get BMW X2 insurance with just liability coverage?
Yes, if your BMW X2 is older and you own it outright, you might consider opting for liability-only coverage. This can reduce your premiums but will not cover damages to your vehicle in an accident.
Get fast and cheap auto insurance coverage today with our quote comparison tool below.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
