BMW insurance rates

Compare car insurance for BMWs

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BMW 2 Series

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Average insurance cost for a BMW

The average cost of insuring a BMW across all models is $186 a month, or $2,234 a year. It’s a pricey car to buy and a pricey one to insure. Many factors influence the cost, including your driving history and location.

  • Rewards for safe drivers
  • Basic to comprehensive
  • Your own dedicated agent

Our top pick: Allstate

Enjoy having your own dedicated agent to help you get the best discounts and coverage.

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Get car insurance quotes for your BMW

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Allstate
13%
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Progressive
Optional
30%
All 50 states
Choose from a long list of discounts and coverage for almost any driver.
Geico
Optional
26%
All 50 states
Customize your policy and get quotes online in minutes. Many drivers could save up to $500 by switching.
The Hartford
Optional
Yes
All 50 states & DC
Enjoy benefits including rate lock, no-drop policies and accident recovery. Exclusively for drivers 50+.
Metromile
Optional
49%
AZ, CA, IL, NJ, OR, PA, VA, WA
Pay-as-you-go rates based on how much and how well you drive start at $29/month plus pennies per mile.
Liberty Mutual
Optional
30%
All 50 states
Build a policy online or with local agent support, with features like better car replacement and accident forgiveness.
Clearcover
Optional
No
AZ, CA, IL, UT
Find basic coverage and low rates through its easy online or app-based experience.
Gabi
Optional
Optional
55%
All 50 states
Upload your current bill and get 20+ quotes from top brands for the same level of coverage.

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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.

BMW car insurance rates by model

Model Monthly insurance rate Base car price
2 Series $238 $33,150
3 Series $178 $33,450
4 Series $238 $41,950
5 Series $169 $51,200
6 Series $160 $77,600
7 Series $167 $81,500
i3 $181 $46,250
i8 $161 $143,400
M2 $238 $52,500
M3 $167 $64,000
M4 $159 $66,200
M6 $161 $113,700
X1 $179 $33,750
X3 $180 $40,050
X4 $238 $45,550
X5 $178 $56,600
X6 $173 $62,500

Pros and cons of insuring a BMW

Pros

  • Great safety features
  • Not often stolen

Cons

  • Considered a luxury car

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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.

What’s BMW Performance Insurance?

You can insure your BMW directly through the manufacturer. BMW Performance Insurance partners with Liberty Mutual to offer specialized policies for all BMW vehicles, featuring tons of perks and deals designed especially for your ride.

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.

What’s the Access by BMW app?

This pilot subscription service from BMW lets drivers in Nashville, Tennessee test out different BMWs starting at $2,000 per month. Pick out your new BMW through the iPhone or Android app and select your driving preferences, and a concierge will deliver the fully loaded vehicle when and where you’d like.

Switch as many times as you’d like within your subscription tier. Legend grade cars cost $2,000 per month and include the 4 Series convertible, 5 Series, X5 SUV or hybrid and the sporty M2 Coupe. M tier cars cost $3,700 a month but gain access to the M4 Convertible, M5, M6 convertible and the X5 / X6 SUV M models.

BMW car facts

  • BMW’s emblem, which incorporates the Bavarian state colors, has been proudly displayed on its products since 1917.
  • BMW prices start at $34,000 and can go up to $154,000.
  • Because a BMW is no small investment, you’ll likely want more than just minimum liability coverage for this luxury car.
  • After World War II, BMW switched to producing pots, pans and bicycles until 1948, when they restarted motorcycle production.

BMW competitors

Looking for other car manufacturers?

Compare all car makes

Bottom line

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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