The BMW X2 M35i is a compact SUV with a 2.0 petrol engine. Unlike most of BMW's M cars, it has a wide field of insurers pricing it online. That makes its insurance section worth a close read.
The insurance figures are examples for one stated driver, as of 1 November 2026. Your own price depends on your details.
The X2 M35i on the list
The new-car list on 2026-10-10 shows one version: the X2 M35i 2.0 xDrive. It is petrol, with a 1,998cc engine and 296bhp. The body type is SUV, and it is made in Germany.
Our quote form prices the same 2.0 xDrive, the version most insurers quote.
List price
As listed on 2026-10-10, the X2 M35i was S$394,888, COE included. Prices move after COE rounds. When you compare offers, check what each one includes.
COE: Category B
The price page sets it out. With a 1,998cc engine, above 1,600cc, the X2 M35i needs a Category B COE. That closed at S$131,901 in the October 2026, 2nd round. See the COE page for the latest.
Road tax
For a 1,998cc engine, LTA's formula gives S$1,209.76 a year before any age surcharge.
Once the car passes 10 years:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page has other engine sizes.
Insurance: a wide field
The BMW X2 M35i price page prices these details:
- Car: X2 M35i 2.0 xDrive, registered 3 years ago, private use, comprehensive
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% NCD, no claims
- Repairs: authorised workshop, no options
7 insurers price it, across 13 plans. The lowest premium is S$763 a year. The highest insurer's lowest plan is S$4,246.01, S$3,483.01 more, or 456% on top. Prices include 9% GST.
Most plans sit well below that top figure. Twelve of the 13 fall between S$763 and S$2,746.79. Several are marked as estimates.
Twelve insurers have no online price for this model. Even so, seven is a broad choice for a performance car. It gives you room to compare plan features, not just price, such as workshop choice and excess.
The excess matters a lot here
This page shows why the excess is worth reading. The lowest premium, S$763, carries a S$5,000 excess. The same insurer offers the same cover with a S$750 excess for S$909.62. That costs a little more each year for a much smaller share of any claim. If you claim even once, the lower excess could more than make up the gap.
Across the page, excesses run from S$300 to S$5,000. Several plans in the middle carry S$600. A higher plan from another insurer carries S$300, at S$1,902 or more. Line up the premium and excess before you decide what a price is worth.
How the price changes
The page shows the lowest price after one change:
- No NCD (0%): S$1,455.39, which is S$692.39 more
- 20% NCD: S$1,164.32, S$401.32 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,506.02, S$743.02 more
- Driver aged 65, 20 years' driving: S$870.07, S$107.07 more
- New car, registered this year: S$900.96, S$137.96 more
- Car 8 years old: S$763, the same
The younger driver nearly doubles the lowest price, up 97%. Losing all NCD is close behind. An older driver and a new car each add a little. An 8-year-old car prices the same as the standard case.
All 7 insurers price every case. These are lowest prices only, and the lowest carries the S$5,000 excess. If you would rather have a smaller excess, the figures in each case will be higher. The price page lists every plan, so you can see how each one compares for your own situation.
Against six similar cars
For the same driver and car age, the price page shows six cars of a similar engine size:
- Lexus NX: S$970.26
- Mercedes-Benz GLC: S$925.60
- Lexus RX: S$921.75
- Mercedes-Benz E-Class: S$857.06
- Toyota Voxy: S$763.41
- Toyota Harrier: S$763
Their average lowest price is S$866.85. The X2 M35i costs 12% less than that average, and none of the six is cheaper to insure. The Toyota Harrier matches it at S$763. That is unusual for an M-badged car. The BMW car insurance page lists other BMW models.
What you will have to judge
These costs depend on your habits:
- Petrol: your weekly mileage and pump prices.
- Parking: season parking at your HDB block or condo, and at work.
- ERP: the gantries on your daily routes.
- Servicing: the maker's schedule, plus tyres and brakes. Ask about the warranty length.
- Depreciation: the price you pay against the price you sell at.
Summary of yearly costs we can show
For the BMW X2 M35i 2.0 xDrive:
- Road tax: S$1,209.76 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$763 a year, with a S$5,000 excess (as of 1 November 2026)
- Insurance, same insurer with a S$750 excess: S$909.62
- Insurance, no NCD: from S$1,455.39
- Insurance, driver aged 27 with 30% NCD: from S$1,506.02
One-off, for reference: S$394,888 as listed on 2026-10-10, and Category B COE at S$131,901 in the October 2026, 2nd round.
Before you buy: car insurance for the BMW X2 M35i
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BMW X2 M35i 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.