The BMW iX2 is the smallest electric SUV in this group of BMW pages. If it is on your list, the costs that come back each year matter as much as the deposit. Here are the figures we can show for it.
Insurance prices below are examples for one stated driver, as of 1 November 2026. They are not a quote for you.
One version on the list
The new-car list read on 2026-10-10 had a single iX2. It is the iX2 Electric eDrive20 M Sport 64.8 kWh, rated at 148bhp. The body type is SUV and it is made in Germany.
The same version is the one priced on our quote form, and the one most insurers quote.
Listed price
As listed on 2026-10-10, the eDrive20 M Sport was S$324,888, with COE included that day. Prices change after COE rounds, so get a current figure. When you compare offers, check that both include the same extras. A home charger, a servicing package or a longer warranty can each change what a price really buys.
The COE line falls close to this car
An electric car's COE category rests on motor power. The price page gives the rule. An iX2 needs a Category A COE if its motor is 110kW (147bhp) or less. If the motor is stronger, it needs a Category B COE.
In the October 2026, 2nd round, Category A closed at S$132,004 and Category B at S$131,901. The page itself states only the rule, so confirm the category for the car you buy. The COE page has later rounds.
Road tax at 110kW
Road tax follows the motor's output for an electric car. For the 148bhp (110kW) motor, LTA's formula gives S$1,560.20 a year, before any age surcharge.
A car more than 10 years old pays extra:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
See the road tax page for other figures.
Insuring the iX2 today
The BMW iX2 price page prices this profile:
- Car: iX2 eDrive20 M Sport 64.8 kWh, registered 3 years ago, private use, comprehensive
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% NCD, no claims
- Repairs: authorised workshop, nothing added
On those details, only 1 insurer gives a price: S$1,907.27 a year, including 9% GST. The plan's excess is S$600.
Fourteen insurers have no online price for this model. Several have not added it yet. A couple do not quote electric cars online. With one price on the standard profile, there is nothing to set it against yet. That makes it worth asking for quotes from more than one source. A single price also tells you little about the excess you might face elsewhere. When more insurers add the iX2, the price page will show them, so check it again before you renew.
How the price shifts
The price page shows the lowest price when one detail changes:
- No NCD (0%): S$3,728.53, which is S$1,821.26 more, with 2 insurers pricing
- 20% NCD: S$2,984.66, S$1,077.39 more, with 2 insurers
- Driver aged 27, 3 years' driving, 30% NCD: S$3,900.64, S$1,993.37 more
- Driver aged 65, 20 years' driving: S$2,084.25, S$176.98 more
- New car, registered this year: S$1,964.65, S$57.38 more
- Car 8 years old: S$1,815.42, S$91.85 less
The younger driver case costs most. That lowest price is 105% above the standard one. A full loss of NCD lands near it. Older drivers and new cars cost a little more. An 8-year-old car costs a little less.
Note that a second insurer appears only in the lower NCD cases. For a driver with no NCD or 20% NCD, there are two prices to compare. For every other case on the page, there is still just one. If you sit outside these profiles, your own quote is the only reliable figure.
Other electric cars on the same terms
The price page lines up six electric cars, for the same driver and car age:
- BYD Sealion 7: S$1,390.72
- Tesla Model Y: S$939.71
- BYD Atto 3: S$913.63
- Tesla Model 3: S$913.62
- BYD M6: S$861.41
- Aion V: S$856.84
Their average lowest price is S$979.32. The iX2 costs 95% more, and all 6 are cheaper to insure. Most of those cars have several insurers pricing them, which widens their choice. The BMW car insurance page lists the brand's other models.
Costs that follow your routine
Some bills only you can size up:
- Charging: whether you charge at home, at work or at public points, and how far you drive.
- Parking: season parking near home and work, plus short stays.
- ERP: your roads and the hours you use them.
- Maintenance: scheduled servicing, tyres and brakes. Read the battery warranty.
- Depreciation: what you pay now and what the car is worth later.
Summary of yearly costs we can show
For the BMW iX2 eDrive20 M Sport:
- Road tax: S$1,560.20 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: S$1,907.27 a year, from 1 insurer (as of 1 November 2026)
- Insurance, no NCD: from S$3,728.53
- Insurance, car 8 years old: from S$1,815.42
For reference: list price S$324,888 as listed on 2026-10-10. COE in the October 2026, 2nd round closed at S$132,004 for Category A and S$131,901 for Category B.
Before you buy: car insurance for the BMW iX2
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BMW iX2 to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.