+120 more)
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
Updated
At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
The BMW is an iconic luxury vehicle, and it’s easy to see why so many drivers are loyal BMW owners. Operating out of Germany, BMW first opened its manufacturing location in 1916 to design aircraft engines. Today, BMW vehicles are marketed not only under the BMW name, but also under the Mini and Rolls-Royce branding. All BMW vehicles are known for being top-quality, dependable automobiles that make your time behind the wheel an enjoyable experience.
Whether you’re planning to buy your first BMW or are shopping around for car insurance for your current one, it’s helpful to compare BMW car insurance rates to ensure you’re getting a good deal. While BMW insurance can be more expensive than what you’d pay to insure a less valuable vehicle, comparing rates and knowing just what coverage you need can help you to keep your premium costs down.
 1 Series | 2 Series | 3 Series |
4 Series | 5 Series | 6 Series |
7 Series | 8 Series | i3 |
i8 | M2 | M3 |
M4 | M5 | M6 |
M8 | X1 | X2 |
X3 | X4 | X5 |
X6 | X7 | Z4 |
The average BMW insurance premium may be $106 per month, but rates can vary depending on your vehicle’s model. Certain BMW models, particularly those that are less expensive, have lower average monthly premiums. If you’re planning to splurge on an upper-end model, you can expect to see higher premiums.
Here are the average monthly premiums for some of the most popular BMW models.
The BMW 328 is a sporty compact luxury sedan powered by a four-cylinder engine. It’s available as a six-speed manual or eight-speed automatic and features a comfortable interior spacious enough for families. Monthly premiums for the 328 average $129.
Available as a convertible, coupe, sedan, or wagon, the BMW 325 features a six-cylinder engine and a slightly larger design for more space. It’s a more economical model, and insurance premiums average just $83 per month.
The BMW X5 is a sporty, agile SUV that’s an ideal choice for families. It’s capable of light towing jobs and features seven seats, making it perfect for road trips. Monthly premiums for the X5 average $130.
Offering power and versatility, the BMW X3 is a compact SUV with five seats. It offers a luxurious ride and great gas mileage, making it ideal for commuting, towing, and smaller families. Expect to pay an average of $119 per month to insure your X3.
The four-door 528 is an eye-catching luxury sedan. It’s also available in a Gran Turismo hatchback body style, and comes in rear- or all-wheel drive options. Monthly premiums for the 528 cost an average of $147.
The 330 is one of BMW’s more economical sedans. Its five seats offer plenty of space for a smaller family, and the 330 is available in an i and i xDrive trim. Monthly premiums average $107.
The BMW 535 is available in both sedan and Gran Turismo hatchback body styles. It’s sleek and comes in three engine size options, ensuring great gas mileage and making it a popular choice for commuters and families. Expect to pay an average of $154 per month to insure the 535.
The 525 sedan features a distinctive appearance, perfect for drivers who love to stand out. This luxury vehicle is known for its excellent handling and stability, as well as its more economical price point. The 525 costs an average of $78 per month to insure.
This high-end luxury sedan is a popular choice for families. It’s also available as a plug-in hybrid, M Performance, and M5 version, and you can opt for a hands free driving system for even greater luxury. Monthly premiums for the 530 cost an average of $138.
Every car insurance company uses its own algorithm to determine your car insurance rates and monthly premium. Below are some of the companies that have the least expensive and most expensive BMW car insurance premiums.
Insurance Company | Monthly Premium |
|---|---|
| Mercury Insurance | $97 |
| Gainsco | $100 |
| MetroMile | $103 |
| Direct Auto | $107 |
| Infinity | $109 |
Insurance Company | Monthly Premium |
|---|---|
| Mercury | $165 |
| Good2Go | $173 |
| Travelers | $173 |
| Plymouth Rock | $174 |
| Liberty Mutual | $180 |
Multiple factors can impact what you’ll pay for your BMW car insurance. When calculating your rates, an insurance company will first consider the value of your vehicle. A new, high-end model will cost more to insure than a less expensive model, simply because the vehicle’s repair and replacement costs are so high.
Whether the vehicle is new or used also plays a role, since its value will have decreased with time and use. Other elements that increase your vehicle’s value, like its trim level and luxury finishes, can also drive up your insurance costs.
BMWs are often equipped with safety devices, like anti-theft systems, and these devices can potentially get you a discount on your insurance. Since these devices reduce the risk of your vehicle being stolen, your insurance company may reduce your premiums a bit as long as an approved device is installed. You’ll need to check with each insurance company about which devices they approve, since those devices can vary from company to company.
If you want to save money, consider purchasing a less expensive BMW model. Think about buying the vehicle used to help to keep your costs down, and look for a base trim model, rather than one that’s been accessorized and upgraded. Also Consider how much of your new car purchase you’ll need to finance; if you have a high car loan, then you’ll probably need gap insurance, which will increase your costs. Most finance companies also require you to maintain the more expensive comprehensive and collision coverages if you have a lease or loan on your vehicle.
It’s also important to remember that factors beyond your vehicle will affect your insurance rates, too. Your age and location, as well as how much your drive, can all keep your rates up or down. Many insurance companies consider your credit rating when determining whether you’re a high-risk driver to insure. Your past driving habits also play a role in your rates, especially if you’ve recently been at fault for an accident or have received speeding tickets.
Your BMW insurance costs will also depend on the coverage that you need. You’ll need to verify that your insurance meets the minimum requirements of your state, but it’s also worth considering additional coverage beyond those minimums. Collision and comprehensive insurance can give you peace of mind that your vehicle will be protected if you collide with an object, regardless of if you’re at fault. Rental insurance can help to cover the costs of a rental car if your vehicle is damaged in an accident. There are many ways you can customize your auto insurance to ensure it meets your needs.
As you explore different companies, look for discounts that can help you to save additional money. Many companies offer multi-car discounts, or will discount your rates when you bundle your car insurance with homeowners insurance. If you have a good driving history, look for a company that offers a good driver discount. And if your BMW is a vehicle that you only drive for fun in good weather, then you could potentially save money by choosing a company that offers a low mileage discount.
You might be tempted to choose the plan with the least expensive premium, but make sure that you’re choosing a reputable company. Read reviews and look for details about the quality of the company’s customer service, as well as what their claims experience is like. You don’t want to choose a company just because they offered a low rate, only to discover that getting them to pay out your claim is a long and arduous process.
Rather than choosing the company with the cheapest rates, look for a balance of a quality insurance experience and overall value that the company offers. If you feel that premiums are too high, think about opting for a higher deductible, which can lower your premiums. You’ll need to pay more upfront if an accident does occur, but lower premiums would leave you with more money in your wallet in the meantime.
BMW vehicles are usually more expensive to insure than other vehicles because the vehicles, themselves, are more valuable than most of the other vehicles on the road. When calculating your monthly premium, an insurance company will weigh factors like the value of the vehicle and the cost of replacing or repairing it. BMW parts are particularly expensive, mainly because BMW uses high-end manufacturers and many parts are imported from Germany, so you’ll see those costs reflected in higher insurance premiums.
BMW doesn’t offer traditional car insurance, but you might want to consider the
The cost of your BMW insurance will depend on the model, age, and value of the vehicle you drive, as well as other factors like your driving history and age. Keep in mind that these different prices can reflect different coverages, limits, and deductibles, too.
Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
)
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
)
