How much does BMW car insurance cost? 

How to find the cheapest BMW Car Insurance Quotes

Best car insurance companies for BMW drivers

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.

Insurance costs for popular BMW models 

Safety features: Car models with superior safety ratings, like the BMW X3 and the BMW 5 Series, often have lower insurance costs. 
Vehicle value: High-value cars cost more to insure, so high-performance models like the BMW X3 M have higher insurance costs than a lower-trim BMW 3 Series.
Vehicle class: Compact SUVs like the X1 and X2 are typically the least expensive to insure, while sports cars, large sedans, and electric or hybrid vehicles usually cost more.
Replacement parts availability: If you drive a less common BMW model—such as the limited-edition 2023 BMW 3.0 CSL—or simply one that's difficult to find parts for, like a hybrid, electric, or older model, your insurance premiums may be higher.
Repairs costs: BMW’s premium models, hybrids, and electric lineup require more expensive repairs compared to popular models like the 3 Series or standard X-series models, leading to higher insurance rates.
Engine power: Vehicles equipped with larger engines and higher horsepower, such as the M5 with its 600-horsepower V8 engine, are often associated with an elevated risk of speeding and accidents, typically resulting in higher insurance costs.

BMW 3 Series insurance costs 

330i: Starting at $43,800, the 2023 BMW 330i features a 2.0-liter twin-turbocharged I-4, 255-hp engine. This model showcases an 8-speed sport automatic transmission, steering wheel-mounted paddle shifters, and an array of both standard and advanced BMW safety features. It can spring from 0 to 60 mph in a brisk 5.6 seconds.
330e: Priced from $44,900, the 2023 BMW 330e sedan incorporates plug-in hybrid technology. Retaining the 330i's engine and pairing it with an electric motor, this model enhances its appeal with 18″ V-spoke bi-color orbit grey wheels and Servotronic power-steering assist.
M340i: With a starting MSRP of $56,400, the 2023 BMW M340i sports sedan packs a punch with its 382-hp 3.0-liter turbocharged engine. Additional features include an M Sport suspension, an M rear spoiler, and M Sport brakes adorned with striking blue or red calipers.
M3: At a starting price of $75,295, the 2023 BMW M3 takes performance to new heights with its 473-hp 3.0-liter twin-turbocharged I-6 engine.

330i xDrive: Available from $45,800, the 2023 BMW 330i xDrive introduces an xDrive all-wheel-drive system for improved handling in various conditions. Its ability to reach 60 mph drops to an impressive 5.4 seconds.
330e xDrive: With a starting price tag of $46,900, the 2023 BMW 330e xDrive builds on the features of the 330e by incorporating the xDrive all-wheel-drive system.
M340i xDrive: From a starting price of $58,400, the M340i xDrive includes all the features of the M340i, enhanced with BMW's renowned all-wheel-drive system.

BMW 5 Series insurance costs 

2023 BMW 530i ($56,000 starting MSRP): This sedan comes with a 2.0-liter twin-turbocharged I-4 engine delivering 248 horsepower. The 530i shines with an 8-speed sport automatic transmission, plush Dakota Leather upholstery, and a panoramic moonroof.

2023 BMW 540i ($62,900 starting MSRP): This model ups the ante with its 335-horsepower turbocharged 3.0-liter 6-cylinder engine, 19-inch V-spoke wheels, and disc brakes with regenerative braking.

2023 BMW 530e ($57,600 starting MSRP): Being a plug-in hybrid, this sedan may be eligible for additional insurance discounts for being eco-friendly and less powerful. The 530e sedan’s 181-horsepower engine can travel up to 21 miles solely on electric power.
2023 BMW M550i xDrive ($81,500 starting MSRP): As we climb into maximum performance territory, the insurance costs rise accordingly. The M550i xDrive comes with a powerful 523-horsepower V8 engine and standard AWD, which may contribute to higher repair costs.
2023 BMW M5 ($109,900 starting MSRP): The flagship performance model in the 5 Series lineup, the M5 unleashes a staggering 600 horsepower and reaches 60 mph in just 3.2 seconds. This super sporty sedan features standard M xDrive, 8-speed M Sport Transmission, and a three-stage Drivelogic shifting system.

BMW X3 insurance costs

sDrive30i: Starting at $46,395 MSRP, this is the base trim, with a 248-hp turbocharged four-cylinder and rear-wheel drive. Standard features include auto-dimming mirrors, push-button ignition, tri-zone automatic climate control, a 12-speaker audio system, and a navigation system. 
xDrive30i: Priced starting at $48,395, the xDrive30i shares all the same features as the base sDrive, with one game-changing difference: all-wheel drive. 
M40i: If you want the true BMW performance experience, including the luxe Convenience package, a leather-trimmed dashboard, and the sport-oriented Dynamic Handling package, look no further than the BMW X3 M40i, which starts at a cool $60,945. 

Are BMWs more expensive to insure?

Cheapest BMWs to insure

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

What factors affect BMW car insurance rates?

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.

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

BMW insurance cost for senior drivers

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

BMW insurance cost for drivers with driving violations 

Speeding tickets
DUIs or DWIs
At-fault accidents
Driving on a
suspended license
Reckless driving

Cheapest car insurance for BMW drivers with speeding ticket

Cheapest car insurance for BMW drivers with a DUI record

Cheapest car insurance for BMW drivers after an accident

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

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

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.

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