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BMW 745xe Car Insurance Cost 2025

On average, insuring a BMW 745xe costs $3,300 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: 22 April 2025

Written by Bob Phillips

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The BMW 745xe is a luxurious plug-in hybrid sedan that blends performance with cutting-edge technology—but that sophistication comes at a price when it comes to insurance. On average, drivers can expect to pay around $3,300 per year for full coverage on a BMW 745xe.

This is notably higher than the national average due to the vehicle’s high value, specialized parts, and hybrid powertrain. Premiums are also influenced by safety features, repair costs, and the likelihood of expensive claims. Because rates vary by location, provider, and driver profile, comparing quotes is the best way to find affordable coverage for this model.

How Much Does BMW 745xe Car Insurance Cost?

BMW 745xe drivers typically secure car insurance at an average annual rate of $3,300.

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
2025 BMW 745xe	$2,273
2022 BMW 745xe	$4,773
2021 BMW 745xe	$8,355
2020 BMW 745xe	$2,930

2025 BMW 745xe Insurance Rates

The average annual insurance cost for a 2025 BMW 745xe is $2,273. However, State Farm offers the cheapest rates, averaging $1,902 per year.

Insurance Provider	Average Annual Cost
Nationwide	$1,575
GEICO	$2,256
State Farm	$1,902
Progressive	$2,099
USAA	$2,248
Travelers	$2,416
Allstate	$3,058
Farmers	$2,726
Mercury Insurance	$2,447
American Family	$2,002

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

Are BMW 745xes Expensive To Insure?

Yes, the BMW 745xe is generally expensive to insure. As a high-end plug-in hybrid luxury sedan, it comes equipped with advanced safety features, complex technology, and a high market value—all factors that drive up insurance costs. Repair and replacement parts for the 745xe can be costly, especially given the hybrid components and luxury detailing. On average, insurance premiums for this model hover around $3,300 annually, which is significantly higher than the national average for standard vehicles. However, individual rates vary based on personal driving history, location, and coverage options, so comparing quotes is essential for finding the best deal.

Cheapest Car Insurance Companies For A BMW 745xe

Nationwide emerges as the lowest-cost provider, with an estimated annual premium of $1,575, translating to about $131 per month. State Farm follows closely at $1,902 per year, making it another budget-friendly choice. Progressive, GEICO, and USAA round out the list with annual costs between $2,099 and $2,256. These insurers offer competitive rates for a high-value vehicle like the 745xe, but prices may still vary based on individual factors like driving history, location, and coverage preferences, so comparing personalized quotes is essential.

Insurance Company	Annual Premium
Nationwide	$131
GEICO	$188
State Farm	$159
Progressive	$175
USAA	$187

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.