How much is car insurance on a BMW 535i for a driver under 25 in New Jersey?
I'm 19 and just got my driver's license after having a provisional one for 18 months. I have my eye on a 2016 BMW 535i, but I'm worried about insurance costs. How much will it cost to insure the car in New Jersey?
Apr 16, 2021
Answer provided by
Answered at Apr 16, 2021
“If you buy a luxury car like a BMW, you’ll probably want full coverage on it unless it has high mileage (over 100,000 miles). That’s going to get expensive, especially when you consider that the average rate for full-coverage insurance is over $1,700 a year.
Because you’re young and the 535i is a high-performance vehicle, that average could increase by three or four times. So instead of getting that particular vehicle, you may want to consider an older BMW or one with a four-cylinder engine. This will help cut costs dramatically.
Regardless of which vehicle you choose to buy, don’t forget to shop around for quotes to get a low rate. The free Jerry app can provide affordable quotes in seconds, allowing you to find the cheapest premium.”
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