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BMW 745xe Car Insurance Cost 2025

On average, insuring a BMW 745xe costs $3,331 annually. However, this cost can differ based on factors like your age, the car’s model year, and other individual considerations. Check our quote tables below for a personalized estimate of your insurance costs.

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Updated: 14 January 2025

Written by Bob Phillips

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If you’re considering purchasing a BMW 745xe, it’s essential to factor in the cost of insurance. On average, insurance for a BMW 745xe costs $3,331 per year. Insurance plays a significant role in car ownership, so it’s crucial to grasp the financial aspect before making a decision.

Selecting the appropriate car insurance is vital to prevent unexpected and potentially costly surprises down the road. Having adequate coverage in the event of an accident can help avoid substantial out-of-pocket expenses. Moreover, being at fault in a collision could lead to higher premiums.

Based on more than a decade of researching car insurance rates, I’ve observed considerable variation in these expenses. Factors such as your age, driving record, and location all play a substantial role in determining your insurance premiums.

How Much Does A BMW 745xe Car Insurance Cost?

BMW 745xe drivers typically secure car insurance at an average annual rate of $3,331.

While Nationwide’s rate offers a useful starting point, it’s important to understand that car insurance expenses can vary significantly due to several factors. These factors include your location, driving history, your car’s age, and the specific coverage options you choose. Generally, maintaining a clean driving record can result in lower premiums, but a history of accidents or traffic violations can lead to higher rates.

Additionally, living in a busy urban area typically means higher insurance costs compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, tends to be more expensive than basic liability coverage.

Here at Insuranceopedia, we’re here to help you shop around and compare quotes from different insurance providers to ensure you find the best possible deal.

Average Insurance Cost Of BMW 745xe By Model Year

Model Year	Average Premium
2022 BMW 745xe	$4,773
2021 BMW 745xe	$8,355
2020 BMW 745xe	$2,930

2022 BMW 745xe Insurance Rates

The average annual insurance cost for a 2022 BMW 745xe is $4,773. However, State Farm offers the cheapest rates, averaging $3,331 per year.

Insurance Provider	Average Annual Cost
USAA	$3,315
Allstate	$9,607
Nationwide	$3,331
State Farm	$2,839

2021 BMW 745xe Insurance Rates

The average annual insurance cost for a 2021 BMW 745xe is $8,355. However, USAA offers the cheapest rates, averaging $5,733 per year.

Insurance Provider	Average Annual Cost
Travelers	$3,796
USAA	$5,733
Erie	$6,265
State Farm	$7,124
Nationwide	$7,313
Allstate	$7,802
Chubb	$9,822
Hanover	$9,836
Esurance	$11,913
Unitrin	$13,942

2020 BMW 745xe Insurance Rates

The average annual insurance cost for a 2020 BMW 745xe is $8,355. However, Capital Insurance Group offers the cheapest rates, averaging $1,463 per year.

Insurance Provider	Average Annual Cost
Capital Insurance Group	$1,463
Oregon Mutual	$2,400
State Farm	$2,648
Allied	$2,859
Chubb	$3,079
Nationwide	$3,095
Farmers	$3,356
Mutual Of Enumclaw	$3,346
PEMCO	$3,436
Unitrin	$3,619

Find Affordable BMW 745xe Insurance Rates

Common BMW 745xe Insurance Discounts

Discounts are an effective way to reduce car insurance expenses. While the available discounts vary by provider, some common ones to explore include:

Multi-policy discounts: Bundling your home and auto insurance with the same provider often results in a reduced rate.
Annual payment discounts: Paying your premium in full rather than in monthly installments may qualify you for savings.
Defensive driving discounts: Completing a certified defensive driving course can make you eligible for lower premiums.

Additional discounts may be available, so it’s a good idea to consult with your insurance agent. They can help identify and apply any savings for which you qualify.

Compare BMW 745xe To Other BMW Models

Looking for other BMW model insurance costs?

Our Methodology

To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The sample profile used for this calculation represents a 40-year-old male driver purchasing full-coverage insurance with the following coverage limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. It is important to note that the figures presented in this guide may differ from your individual results due to personal factors and circumstances.

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FAQs

Do You Need Insurance Before You Can Purchase A BMW 745xe?

Before you can drive your BMW 745xe off the dealership lot, you will need to provide proof of insurance. The best approach is to purchase a policy beforehand and inform your insurance company that you are about to finalize the car purchase. This option is typically more cost-effective and flexible compared to obtaining insurance through the dealership.

How Can You Get The Cheapest Insurance For Your BMW 745xe?

To find the most affordable rates for insuring your BMW 745xe, it’s important to shop around and compare quotes from various auto insurance providers. Luckily, Insuranceopedia makes this process easy by enabling you to compare offers from multiple companies directly on our website.