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BMW Insurance Rates

What to expect when insuring a BMW

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.

Find your BMW model

How a vehicle form 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.

Are there any standout models?

The BMW 8 Series Coupe 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.

Pros and cons of insuring a BMW

Pros

  • Great safety features
  • Not often stolen

Cons

  • 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.

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.

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.

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.

Companies that provide coverage for BMW

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.

Name Product Roadside assistance New car protection
Liberty Mutual
Included free
Yes, cars under 1 year old & 15,000 miles
Car insurance through Liberty Mutual will give coverage options for almost any situation.
Esurance
Optional
Yes, cars under 1 year old & 15,000 miles
Esurance offers a modern online and mobile experience that helps you take your insurance on the go.
Allstate
Included free
Yes, cars under 2 years old
Enjoy having your own dedicated agent to help you get the best discounts and coverage.

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