How Much Does BMW Car Insurance Cost?
The average monthly cost to insure a BMW is $308, which is about $3,698 annually.
We’ve saved shoppers an average of $600 per year on their car insurance.
The cost of insuring a BMW varies based on a few key factors. Your age, driving history, and where you live are significant in setting your car insurance rate. Insurance companies use this information to evaluate the risk of providing coverage for your BMW.
Insurance Cost Per BMW Model
| BMW Model | Average Yearly Insurance Cost |
| BMW 2 Series | $2,507 |
| BMW 3 Series | $3,084 |
| BMW 4 Series | $3,803 |
| BMW 5 Series | $3,678 |
| BMW 7 Series | $4,905 |
| BMW 8 Series | $5,042 |
| BMW i3 | $2,845 |
| BMW i8 | $6,157 |
| BMW M5 | $4,964 |
| BMW X1 | $2,319 |
| BMW X2 | $2,573 |
| BMW X3 | $2,843 |
| BMW X5 | $2,463 |
| BMW X6 | $3,216 |
| BMW X7 | $4,933 |
| BMW Z4 | $3,841 |
Keep in mind that these numbers are just averages, and the actual cost can change based on where you live, your age, driving record, and the type of coverage you select.
BMW Car Insurance Cost – By Company
| Insurance Provider | Average Monthly Premium |
| Texas Farm Bureau | $125 |
| State Farm | $182 |
| GEICO | $200 |
| USAA | $210 |
| Nationwide | $230 |
| Average | $240 |
| Progressive | $365 |
| Allstate | $408 |
BMW Car Insurance Cost – By U.S. State
| State | Average Annual Rate |
| Alabama | $4,080 |
| Alaska | $3,373 |
| Arizona | $3,801 |
| Arkansas | $4,167 |
| California | $4,648 |
| Colorado | $4,334 |
| Connecticut | $5,541 |
| Delaware | $4,594 |
| Florida | $5,462 |
| Hawaii | $1,777 |
| Idaho | $3,091 |
| Illinois | $3,232 |
| Indiana | $3,315 |
| Iowa | $2,642 |
| Kansas | $3,500 |
| Kentucky | $5,071 |
| Louisiana | $6,511 |
| Maine | $2,459 |
| Maryland | $3,978 |
| Massachusetts | $3,193 |
| Michigan | $7,702 |
| Minnesota | $3,169 |
| Mississippi | $3,827 |
| Missouri | $3,613 |
| Montana | $3,657 |
| Nebraska | $3,092 |
| Nevada | $5,122 |
| New Hampshire | $3,557 |
| New Jersey | $3,922 |
| New Mexico | $3,994 |
| New York | $3,703 |
| North Carolina | $2,301 |
| North Dakota | $3,149 |
| Ohio | $2,796 |
| Oklahoma | $4,468 |
| Oregon | $4,066 |
| Pennsylvania | $3,439 |
| Rhode Island | $5,731 |
| South Carolina | $3,884 |
| South Dakota | $3,494 |
| Tennessee | $4,112 |
| Texas | $4,140 |
| Utah | $3,517 |
| Vermont | $2,711 |
| Virginia | $2,546 |
| Washington | $3,377 |
| West Virginia | $3,398 |
| Wisconsin | $3,384 |
| Wyoming | $3,155 |
| Georgia | $4,461 |
How To Save Money On BMW Car Insurance?
Owning a BMW comes with various expenses, and car insurance is one of the biggest. However, you can still find ways to save on your insurance. Here’s how:
1. Keep a Clean Driving Record
Insurance companies look at your driving history when setting your premium. By avoiding accidents and traffic tickets, you show insurers that you’re a low-risk driver, which can significantly lower your insurance costs.
2. Bundle Your Policies
Many insurers offer discounts if you combine multiple policies, like home and auto insurance. This not only simplifies managing your insurance but also saves you money on premiums.
3. Raise Your Deductible
Increasing your deductible—the amount you pay out of pocket before your insurance kicks in—can lower your premium. Just make sure you can afford the higher deductible if you have an accident.
4. Add Safety Features
BMW vehicles come with many safety features, but adding extras like anti-theft devices can further reduce your insurance costs by lowering the risk of theft and damage.
5. Use Discounts
Insurance companies often offer discounts for things like being a good student, having a clean driving record, or completing a defensive driving course. Ask your insurer about any discounts you might qualify for.
6. Shop Around
Insurance premiums can vary widely between different providers. It’s important to compare quotes and choose the insurer that offers the best value for your needs.
7. Consider Usage-Based Insurance
If you don’t drive your BMW often, think about usage-based insurance. This type of policy bases your premium on how much you drive, potentially saving you money if your BMW isn’t your main vehicle.
