Cheapest Bmw Car Insurance (Nov 2023)

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R.E. Fulton
Expert Insurance Writer and Editor
Reviewed by Josh Damico, Vice President Insurance Operations
Edited by Lina Zhang, Licensed Insurance Agent, VP of Operations

How much does BMW car insurance cost? 

Since its inception in 1916, BMW has captivated drivers worldwide with its unwavering commitment to engineering brilliance and manufacturing mastery. From commanding executive sedans to dynamic SUVs, every BMW model oozes the perfect blend of luxury and performance. 
While driving a BMW is an extraordinary experience, insuring it isn’t always a pleasure cruise. 
BMW drivers pay an average of $1,212 each year for
auto insurance
. Note, however, that BMW car insurance is as unique as the policyholder. Factors such as your BMW's model year, model type, and your personal driving record significantly influence your BMW insurance costs—hence, there is no such thing as an “average”
auto insurance quote

How to find the cheapest BMW Car Insurance Quotes

Jerry is here to assist you in finding personalized quotes that perfectly align with your coverage requirements and budget. Owing to Jerry’s expertise and comprehensive support, BMW drivers save an average of $3,252 on their annual auto insurance costs!
See our table below featuring Jerry's selection of real BMW car insurance quotes:

Best car insurance companies for BMW drivers

Determining the “best” insurance provider for BMW drivers isn’t a one-size-fits-all scenario. When
shopping for car insurance
, remember that finding your ideal company relies on several key factors such as your driving record, insurance history, geographical location, age, and the specific model of BMW you own.
To make the decision easier, Jerry surveyed over 16,000 drivers to gauge their satisfaction with different insurers. The table below presents BMW owner ratings for cost, claims handling, and customer service across several insurance providers. 

Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
State Farm
Liberty Mutual

How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

Over 4,000,000 customers and counting

We love saving our customers money. Turns out, they love it too! Here's what they have to say about their switch with Jerry:
Good but expensive
Thanks for the excellent price!
Switching to Progressive has been a great decision. It's been fast & easy to get car insurance.
Gives you the lowest car insurance out there!

Are BMWs more expensive to insure?

Car insurance premiums for BMW vehicles are generally 12% more compared to the average cost of other cars.
Car MakeAverage State Minimum Insurance CostAverage Full Coverage Insurance Cost
BMW insurance costs will vary based on the specific model you drive. Costs are influenced by a multitude of vehicle-specific risk factors such as safety ratings, repair costs, propensity for theft, value, and age.Cheapest Kia to insure
For instance, a BMW with high repair costs and poor safety ratings will likely be more expensive to insure than another vehicle in the same price range that has excellent safety ratings and low repair costs.

Cheapest BMWs to insure

The 2013 Bmw Active Hybrid stands out as the most cost-effective option in terms of insurance. On average, opting for state minimum coverage for this particular BMW model will result in a monthly premium of $40, while full coverage is estimated to cost drivers $151 per month.

Car MakeAverage Monthly State Minimum Insurance CostAverage Monthly Full Coverage Insurance Cost
Models such as the BMW 3 Series, 5 Series, and X3 often come with lower premiums thanks to their robust safety features and reasonable repair costs.
In addition to excellent safety features and more affordable repair costs, other factors contributing to cheaper BMW insurance include: 
  • Smaller and less powerful engine options
  • Certain vehicle types, such as smaller and economical sedans
  • Anti-theft features
  • Lower vehicle value and replacement costs

Most expensive BMW to insure

Topping the list of the most expensive BMW models to insure is the 2017 Bmw M2 demanding an average monthly premium of $188 for state minimum coverage and $218 for full coverage.

Car MakeAverage Monthly State Minimum Insurance CostAverage Monthly Full Coverage Insurance Cost
High-performance and luxury-oriented BMW models often command higher insurance costs due to a variety of factors. Models such as the M8, X7 M60i, and the iX are recognized for their advanced technology, luxury features, and sporty performance—attributes that often translate to steeper insurance premiums. 
Additionally, it’s important to consider other factors, such as your driving history, location, and age, as they can significantly affect your car insurance costs. While these factors contribute to average pricing trends, experts recommend shopping around for coverage tailored to your unique circumstances.

What factors affect BMW car insurance rates?

Several factors are included in
calculating insurance rates
for your BMW:
  • Vehicle cost: As luxury vehicles, BMWs often come with higher insurance rates due to their high repair and replacement costs.
  • Vehicle age and model: Newer BMW models equipped with advanced technologies and high-end features may have higher insurance costs. The model also matters—performance models like the M Series generally have higher insurance costs due to their powerful engines and associated accident risk.
  • Cost of parts: Replacement parts for BMWs—particularly high-end models—can be costly, resulting in higher insurance premiums.
  • Driving record: Drivers with a clean driving record usually enjoy lower insurance rates. Drivers with accidents, tickets, or other violations usually face higher premiums.
  • Location: Driving and parking your BMW in areas with high crime rates, heavy traffic, or severe weather conditions often lead to higher insurance premiums.
  • Safety features: Insurers often offer discounts for vehicles equipped with safety features. BMWs come equipped with rather advanced safety features, which can help to offset some of the higher insurance costs of luxury vehicles.
  • Driver's age: Younger drivers and those over the age of 70 may see higher insurance rates due to perceived increased risks.
Now, let's delve into how certain BMW model factors can drive up premiums: 
  • Advanced technology: The intricate design, high-performance parts, and reliance on specialized labor for repairs all contribute to higher repair costs. These factors, in turn, lead to higher insurance premiums for high-performance and luxury BMWs.
  • Accident risk: Models like the M8 Coupe and M3 are built for speed, increasing the likelihood of speed-related accidents. This higher risk usually translates to higher rates.
  • Theft risk: The allure of high-performance luxury vehicles makes them prime targets for car thieves. With their high resale value and desirability, many BMWs carry an increased risk of theft, which insurers factor into coverage costs.
  • Higher value: Newer BMW models with cutting-edge technology and luxury features come with higher overall higher value, directly impacting insurance rates.
  • Size: Despite the presence of safety features, larger BMW vehicles like the X7 (the largest BMW ever built) and X6 can cause extensive damage in accidents, leading to increased liability costs and subsequently higher insurance premiums.

BMW insurance cost for young drivers

Car insurance rates for young drivers, especially those between the ages of 16 and 19, are typically higher due to their limited driving experience and statistically higher accident rates.
Insurers already see
teen drivers
as high-risk individuals—but insuring a BMW for a young driver could lead to even higher premiums due to the car's value and potential repair costs. On the other hand, BMW's robust safety features and the brand's commitment to advanced driver-assistance tech may help offset these costs to a degree.
For young BMW owners, it is highly recommended to choose full coverage as it can offer substantial financial assistance in the event of an accident. Additionally, if you have limited personal savings or assets to cover potential damages, and depending on the regulations in your state, considering uninsured motorist coverage would be wise.

BMW insurance cost for senior drivers

As drivers enter their mid-70s, they may begin to notice changes in their insurance costs. Increasing
car insurance rates for seniors
can be attributed to multiple factors: 
  • Declining reflexes and reaction times
  • Health conditions related to aging that could affect driving abilities
  • Increased risk of accidents
  • Greater probability of severe injuries resulting from an accident
  • Higher medical expenses for injuries sustained during an accident
As drivers age, it becomes increasingly advantageous to include roadside assistance in their insurance policy—especially if they live in remote areas, experience limited mobility, or live away from family. This additional coverage ensures they have convenient access to assistance during unexpected roadside emergencies. 

BMW insurance cost for drivers with driving violations 

Driving violations can significantly influence the cost of insuring a BMW, given that these infractions indicate a higher risk for insurance providers. 
If you're a BMW driver with no infractions or at-fault accidents on your record, you'll typically benefit from the lowest insurance rates. However, if your driving history includes any of the following violations within the last three to five years, you might notice an increase in your insurance premiums:
  • Speeding tickets
  • DUIs or DWIs
  • At-fault accidents
  • Driving on a
    suspended license
  • Reckless driving
Even a single violation like a speeding ticket can cause your insurance costs to rise, with more serious offenses such as DUIs and reckless driving having an even more profound impact.

Cheapest car insurance for BMW drivers with speeding ticket

If you've received a speeding ticket while cruising in your beemer, remember that frequency and severity matter. If you’ve received a single ticket for going less than five miles per hour over the speed limit, you might find that your premiums remain unaffected. If you have a history of frequent tickets or have received a single serious speeding violation, however, you may encounter serious premium hikes for your BMW car insurance.

Cheapest car insurance for BMW drivers with a DUI record

BMW drivers with a
DUI conviction
often face the highest increases in their insurance rates. This is because a DUI conviction signals a significant risk to insurers. 
Fortunately, Jerry specializes in helping BMW drivers with various types of violations explore different insurance providers, compare rates, and save on car insurance coverage. By taking proactive steps and shopping around, you can find an insurance plan that provides the coverage you need at a cost that fits your budget, no matter your driving record!

Cheapest car insurance for BMW drivers after an accident

Accidents can happen to anyone, even the most skilled BMW drivers. The unfortunate truth is that a single at-fault accident can cause your insurance premiums to go up when it's time for policy renewal.
Don’t let a past accident dampen your driving experience. With Jerry by your side, you can shop for the cheapest quotes tailored specifically to your coverage needs, regardless of your accident history. 

Cheapest car insurance for BMW drivers with other driving violations on their record

Beyond common infractions like speeding tickets and DUIs, more serious violations, such as reckless driving or
driving on a suspended license
, can majorly surge insurance costs.
Nevertheless, finding affordable insurance for your BMW is not an insurmountable task. There are specialized insurers who cater to high-risk drivers and may offer more competitive rates.
Remember, every insurance provider calculates risk differently. This means that, despite having a violation, you may encounter varying premium costs across different companies. But don’t just take our word for it—discover how Jerry has helped BMW drivers reduce their rates even after receiving driving violations.

How can I lower the cost of my BMW car insurance?

Lowering the cost of your BMW car insurance doesn't have to be a daunting task. While BMWs are premium vehicles associated with higher insurance rates, implementing these strategies can help you effectively manage your insurance costs:
  • Compare quotes:
    Shopping for insurance coverage
    and comparing rates from multiple insurance providers will ensure you're getting the best rate on the coverage you need.
  • Consider your BMW model: Different BMW models come with varying insurance costs. Luxury and high-performance models, such as the M Series, generally have higher auto insurance rates compared to more basic models like the 3 Series. If you're shopping for a new car, keep in mind its potential insurance costs.
  • Bundle policies: Bundling multiple policies with the same company, such as
    home and auto insurance
    , can lead to savings.
  • Utilize safety features: Take advantage of the advanced safety features in your BMW, such as BMW's Active Protection System and Driver Assistance Professional package.
    Reduce your coverage
    : If your BMW is older, assess whether comprehensive and collision coverages are still cost-effective. Weigh the value of your car against the cost of these coverages to determine if they're worth keeping.
  • Increase your deductible: Raising your deductible can reduce your monthly premiums—just make sure you could afford to pay the higher deductible if you have to make a claim!
  • Seek out discounts: Many insurance companies, such as Allstate and State Farm, provide
    car insurance discounts
    for safe driving, low mileage, or completing a defensive driving course. Contact your insurance provider to ensure you're taking advantage of all eligible discounts.
Implementing these strategies will help you better manage your insurance costs, ensuring you can enjoy your premium ride without paying pricey premiums. 


Yes—BMWs are generally more expensive to insure compared to many other car brands. This is primarily due to their high vehicle value, costly repairs and parts, and high-performance capabilities.  
Keep in mind that the cost of insurance also depends on personal factors like driving record, location, age, and coverage level.  
The cost of insuring a BMW is typically higher due to several factors. 
  1. BMWs are luxury vehicles that come with higher repair and replacement costs. The specialized and often more expensive parts used in these cars contribute to increased insurance expenses.
  2. High-performance models are associated with riskier driving, resulting in higher premiums. The powerful capabilities of BMW vehicles can also lead to a higher occurrence of accidents or other incidents.
  3. BMWs tend to be more attractive to thieves due to their high value, which impacts insurance costs based on the probability of theft-related claims.
A standard BMW warranty, known as the BMW New Vehicle Limited Warranty, covers all factory-installed parts and labor costs for repairing or replacing almost any component that becomes damaged or broken under normal use during the warranty period of 4 years or 50,000 miles.
This coverage typically includes the drivetrain, internal components, electrical systems, and other elements crucial to the vehicle's operation. 
Wear-and-tear parts such as brake pads, oil filters, and wiper blades, on the other hand, are generally not covered by the warranty.
On average, insurance premiums for BMWs cost about $1,212 per year. However, it's important to note that the actual cost can be higher or lower based on the factors mentioned earlier
To obtain the most accurate insurance costs for your particular BMW, it's best to shop quotes from several insurance companies.


The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet Our Experts

R.E. Fulton
Expert Insurance Writer and Editor
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views.
As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
Lina Zhang
Licensed Insurance Agent
Licensed in 50 states and Washington DC
Lina Zhang is Vice President of Operations at Jerry. She helped to found Jerry in order to take the confusion and mystery expenses out of car ownership and help drivers achieve financial success. Leading a global team responsible for operations, talent acquisition, legal, and content, Lina has been a key contributor to the AllCar™ app’s 10x growth in its first year of operation. Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, created YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from just five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017. Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
Josh Damico
Head Of Insurance Operations
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.
2013 BMW Active Hybrid
2017 Bmw M2