Average insurance cost for a BMW
The average cost of insuring a BMW across all models is $292 a month, or $3,504 a year. It can be a pricey car to buy and a pricey one to insure. Many factors influence the cost, including your driving history and location.
Compare free car insurance quotes online for your BMW
Why are BMWs so expensive to insure?
Because a BMW is considered a luxury car, the cost of insurance will be higher. But there are other factors that can help to balance that out. Opting to include some of BMW’s available safety features will help to reduce your insurance costs. BMW’s low theft rates also work in your favor.
Obtaining insurance for your BMW won’t be difficult. Most, if not all, of the big-name insurance companies provide coverage for this top-of-the-line automobile.
Pros and cons of insuring a BMW
- Great safety features
- Not often stolen
- Considered a luxury car
About the BMW brand
BMW can trace its roots back to 1916, when they began producing airplane engines. This short-lived production was halted at the end of World War I due to the Versailles Armistice Treaty. Once restrictions of the treaty were lifted, the company began to manufacture motorcycles, and soon after, automobiles. BMW briefly returned to airplane engine production during World War II, but after reconstruction continued making the automobiles and motorcycles that they are known for today.
Are there any standout BMW models?
The BMW 8 Series Coupe’s tagline is “perfection redesigned.” It combines advanced technology, high performance and the ultimate in luxury in a sports car-esque coupe. The 8 Series Coupe offers driving dynamics, a beautiful interior and exterior and a twin turbo V8 engine.
Compared to may luxury brands, BMWs are relatively affordable to insure. But be sure to shop around to find the best car insurance for you.
Frequently asked questions about BMW insurance
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