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BMW insurance cost

Compare BMW car insurance: Find your model to see its average rates across the years.

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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 — or, between $2,052 and $4,884 yearly. However, your actual cost will vary depending on the vehicle model plus your age, driving record, the number of miles you drive in a year, your residential location and other factors.

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.

Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
Progressive
loan/lease coverage
Yes
Snapshot
Yes
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 Zebra
Yes
Yes
Yes
Yes
All 50 states
USAA
No
Yes
SafePilot
Yes
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
Liberty Mutual
Yes
Yes
RightTrack
Yes
All 50 states & DC
Earn free accident forgiveness after five years claims-free and customize your policy anytime.
Bankrate
Bankrate
Yes
Yes
Yes
Yes
All 50 states
Compare personalized rates from multiple insurance companies in one go. Plus, access a live agent for any questions along the way.
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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.

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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