Average insurance cost for a BMW
The average cost of insuring a BMW across all models is $186.18 a month, or $2,234.16 a year, although many factors influence the cost, including your driving history and location. For exact pricing, click on a specific BMW model below.
- 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.
- Rewards for safe drivers, good students and more
- Get your own dedicated insurance agent
Find your BMW model
Get car insurance quotes for your BMW
How a vehicle from BMW affects insurance costs
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 | $238.00 | $33,150 |
| 3 Series | $178.00 | $33,450 |
| 4 Series | $238.00 | $41,950 |
| 5 Series | $169.00 | $51,200 |
| 6 Series | $160.00 | $77,600 |
| 7 Series | $167.00 | $81,500 |
| i3 | $181.00 | $46,250 |
| i8 | $161.00 | $143,400 |
| M2 | $238.00 | $52,500 |
| M3 | $167.00 | $64,000 |
| M4 | $159.00 | $66,200 |
| M6 | $161.00 | $113,700 |
| X1 | $179.00 | $33,750 |
| X3 | $180.00 | $40,050 |
| X4 | $238.00 | $45,550 |
| X5 | $178.00 | $56,600 |
| X6 | $173.00 | $62,500 |
Pros and cons of insuring a BMW
Pros
- Great safety features
- Not often stolen
Cons
- Considered a luxury car
Find the cheapest rates
Compare the best car insurance companies near you.
Your information is secure.
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.
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?
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
Which car insurance provider is best for me?
Looking to save on car insurance? Answer these three questions to find a provider that best fits your needs and budget.
Question 1 of 2
