In-depth reviews

BMW iX running costs & insurance

The iX has a hefty price tag, but the flagship SUV promises the same low running costs you’d expect from any electric car, especially if you’re a company-car driver

Overall rating

4.5 out of 5

Running costs & insurance rating

4.0 out of 5

Insurance groupWarrantyService interval2021/22 CC cost (20%/40%)
47-503yrs / unlimited milesTBCFrom £140/£279

Petrol and diesel-powered luxury SUVs like the BMW X7, Range Rover or Porsche Cayenne can cost thousands of pounds a year in company-car tax. In comparison, BMW’s electric flagship attracts a lower Benefit-in-Kind (BiK) rate than a diesel hatchback, with 20% earners only having to pay from £140 a year thanks to a 1% BiK rate for the 2021/22 financial period. The rate for all electric cars will rise to 2% during 2022/23, but that’s still significantly lower than any of the iX’s plug-in hybrid or conventionally fuelled rivals.

BMW iX insurance group

The BMW iX is like many luxury electric cars, attracting some of the highest insurance ratings possible. Depending on which model and trim level you go for, the iX falls into brackets 47-50, but the same is true for rivals like the Audi e-tron and Tesla Model X. This is likely due to the performance on offer, as well as high potential repair costs.

Warranty

Every BMW iX comes with a three-year/unlimited-mileage warranty – just like the brand’s combustion-engined and other pure-electric models, including the iX3 SUV and i4 saloon. Like the latter pair, the iX's battery pack is also covered by a separate eight-year guarantee.

Servicing

Servicing intervals and pricing for the iX have not yet been revealed. But due to the reduced complexity of the SUV’s pure-electric powertrain and the fact there are fewer moving parts, we expect servicing prices for the iX to be less than those for its petrol, diesel and plug-in hybrid counterparts.

Road tax

As the BMW iX doesn’t emit any CO2, it’s zero-rated for road tax (VED) for now and attracts an extremely low Benefit-in-Kind (BiK) company-car tax rate of 1% during the 2021/22 financial year. Its zero-emissions status also sees it escape the London Congestion Charge until 2025 and it should be safe from future clean-air zones, too.

Most Popular

Top 10 best seven-seater electric and hybrid cars 2022
Best seven-seater electric and hybrids
Best cars

Top 10 best seven-seater electric and hybrid cars 2022

If the regular crop of electrified SUVs and family cars don’t provide enough practicality for you, then take a closer look at the range of electric an…
15 Jun 2022
Top 10 cheapest electric cars 2022
Cheapest electric cars 2022
Electric

Top 10 cheapest electric cars 2022

Contrary to popular opinion, not all electric cars are expensive. Here are the cheapest ones available in the UK right now
15 Jun 2022
Top 10 best electric SUVs 2022
Top 10 best electric SUVs
Electric

Top 10 best electric SUVs 2022

Electric SUVs combine style and practicality with low running costs, making them a very popular choice in the UK. Here are our top 10 favourites to bu…
15 Jun 2022