BMW insurance rates

How to find the best insurance for your BMW

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Blue BMW 2 Series Gran Coupe 2020

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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.

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Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
13%
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Optional
30%
All 50 states
Save up to 31% with safe driver discounts and bundling all your rides in one convenient policy.
52%
AZ, AR, CA, CO, CT, DE, GA, IL, IN, IA, KY, LA, MD, MS, MT, MO, NE, NM, ND, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save.
Optional
49%
AZ, CA, IL, NJ, OR, PA, VA, WA
Only pay for how much you drive with the Metromile app. Get rates from $29/month plus pennies per mile.
Optional
26%
All 50 states
It's quick and easy to get an online quote with Geico, and you might be surprised at how much you could save.
Optional
Yes
All states except AK, HI, LA, MI, RI
Enjoy special benefits including rate lock, no-drop policies and accident recovery. Exclusively for drivers 50+.
Optional
30%
All 50 states
Enjoy premium perks like better car replacement and accident forgiveness plus local agent support.
Optional
Optional
55%
All 50 states
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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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