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BMW insurance cost

Compare car insurance for BMWs

Top car insurers for BMWCompare companies
How much does insurance cost?See sample rates

The average cost of car insurance for a BMW can range from around $172 to $406 montly. However, your actual costs depend on your driving history, car model and year, location and other factors.

Filter car insurance companies by states served, roadside assistance, accident forgiveness and more to get a quote.

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
Allstate
Optional
13%
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
Progressive
Optional
30%
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
The AARP Auto Insurance Program from The Hartford
Optional
Yes
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Root
52%
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
Savvy
Optional
Depends on provider
Yes
All states & DC
Get quotes in 30-seconds from 100+ companies, and save an average of $800 or more per year. Requires online login to your existing insurance.
Liberty Mutual
Optional
30%
All 50 states & DC
Earn free accident forgiveness after five years claims-free and customize your policy anytime online at the tap of a button.
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BMW insurance rates by model

BMW car insurance cost by model

We pulled BMW car insurance quotes from top insurance companies to find that the average monthly cost to insure a BMW can range from $171.85 to $406.44. However, monthly costs vary by your car’s model and year.

Model YearProgressiveGeicoState FarmFarmersAverage
2021 BMW 2$175.42$158.35$238.64$235.90$202.08
2021 BMW 3$151.58$171.40$245.07$236.55$201.15
2021 BMW 4$199.09$151.50$314.32$223.67$222.15
2021 BMW 5$168.25$191.95$287.96$245.37$223.38
2019 BMW 6$189.59$217.87$322.53$241.12$242.78
2021 BMW 7$202.59$246.34$390.90$223.33$265.79
2021 BMW 8$248.43$226.97$360.49$245.98$270.47
2021 BMW i3$177.25$148.01$258.66$210.83$198.69
2020 BMW i8$370.62$341.34$480.03$433.78$406.44
2021 BMW M2$238.43$181.70$281.56$231.30$233.25
2021 BMW M3$264.27$228.82$305.52$281.75$270.09
2021 BMW M4$284.11$251.30$393.38$355.93$321.18
2021 BMW M5$370.46$258.84$416.98$338.13$346.10
2019 BMW M6$374.46$317.81$407.85$415.82$378.99
2021 BMW X1$114.41$146.44$220.13$206.43$171.85
2021 BMW X3$114.41$153.36$267.80$215.35$187.73
2021 BMW X3 xDrive 30e156.86$250.26$238.83$215.32
2021 BMW X4$132.08$160.11$275.15$230.63$199.49
2021 BMW X5$116.24$183.75$290.62$208.97$199.90
2021 BMW X6$116.24$192.92$337.04$205.55$212.94
2021 BMW X7$161.92$192.92$273.95$253.72$220.63
2021 BMW Z4$214.93$169.13$240.19$238.63$215.72

How we got these rates

Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

Your rates may be different based on details such as your zip, location, job type, annual mileage and more.

Compare car insurance quotes

Enter your ZIP code below and click Compare to see the cheapest rates in your area.

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

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.

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.

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.

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