The price of a BMW goes beyond its higher-than-average MSRP. BMW car insurance runs $1,788 a year, or 25% more than insurance for a regular vehicle. When looking for a coverage, you should exercise caution because BMW insurance is more expensive than the national average.
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Auto coverage for a BMW 330i
As with all other automobiles, there are a number of variables that affect BMW insurance rates. The brand and model of the car, the ZIP code (in most states), the number of miles travelled annually, and your driving record are typically used by car insurance companies to determine prices. Due to the fact that the BMW 330i is a premium car and therefore has more expensive parts, it is usually more expensive to insure. If you have an accident, it will cost more to fix or replace the car than it would to have one made domestically.
Auto Insurance Rate Comparison
Make sure your auto insurance is priced as affordably as possible. Compare the best quotations
It pays to shop around for the best auto insurance for your BMW 3 Series. Even for the identical car, each company will provide a different insurance price. You can find the best price by comparing BMW 3 Series insurance rates from different providers.
The annual average cost of insurance for a BMW 3 Series is $1,560; this is $133 more expensive than the annual average for all automobile models, which is $1,427.
The annual cost of BMW 3 Series insurance might vary by $698 depending on your insurance company.
Depending on the model, the annual rate for a BMW 3 Series might vary by $387. Older vehicles typically have lower insurance costs.
What Does BMW Insurance Cost? Model Comparison Quotations
In comparison to other makes and brands, a BMW costs more to insure each year, at an average of $1,780. Nevertheless, the exact BMW model you own can still affect your vehicle insurance costs. MoneyGeek looked at all BMW vehicles by model year and driver age to find various pricing choices for individual drivers.
Depending on the model, the typical cost of insurance for a BMW can differ significantly. For instance, a BMW i8 is the most costly vehicle to insure, costing an average of $2,810 yearly, while a BMW 1 Series is the least expensive.
MoneyGeek dissected expenses for each of BMW’s significant models in order to assist you in locating the most affordable businesses and average rates for your BMW.
THE COST OF BMW 328I INSURANCE
The cheapest BMW to insure is the 328i, which has an annual insurance cost of $1,800 or $150 per month.
Maine offers the cheapest insurance rates for a BMW 328i, averaging less than $100 per month or just under $1200 per year.
On the other hand, with an average insurance cost of $3,400 a year, or $280 per month, Georgia is the most costly state to insure your BMW 328i.
The cost of insurance for a 2007 BMW 328i for a 30-year-old male driver with a spotless driving record, who served in the military, and who owns a home will be roughly $85 per month or $1,000 per year.
The average insurance cost for a 2011 BMW 328i is $125 per month or $1,500 annually.
The average monthly insurance cost for a 2013 BMW 328i is $130, or $1,550 annually.
BMW insurance
BMW vehicles stand out from the competition because they are high-end, high-performance options without the exorbitant price tags of cars by manufacturers like Rolls-Royce, Bentley, and Aston Martin. In other words, these are the kinds of vehicles that the majority of regular people can afford. Although they are not very inexpensive, they are also not outrageously expensive to insure. This is mostly due to the fact that their rather hefty price tags are offset by greater safety attributes, high safety ratings, and comparatively low theft rates. The average cost of insurance for one of these cars is $1,966.82 per year, and BMW cars are placed 30th out of 36 in terms of insurance prices, so if you’re considering buying one, be aware of that.
But How Much Does Insurance For A BMW Really Cost?
Like anything else in life, protecting a costly item costs additional money. According to numerous surveys, a BMW car insurance policy can run as much as $1,900 year. Of course, the price of BMW insurance varies greatly depending on the model and its MSRP.
A top-of-the-line 2020 BMW 7 Series may cost up to $5,000 in insurance yearly, compared to as little as $1,900 for a 2020 BMW X1 or a BMW 2 Series.
The prices are undoubtedly lower if you’re looking for BMW auto insurance for a used vehicle. According to our study, older BMW models up to 10 years old can be insured for between $100 and $140 a month.
In our situation, we lease a 2019 BMW i3 Range Extender, and the annual price for BMW auto insurance totals $1,400 when combined with the homeowners insurance and another vehicle on the plan. Given the i3’s starting price and all the technology it uses, this is a wonderful deal.
Your results may vary, but for us, this was the best-case scenario: no moving infractions in the previous ten years, no significant claims, and 10,000 miles driven year on average.
We also examined a few BMW M vehicles. For instance, the annual cost for a 2021 BMW M4 Coupe with simply auto insurance and a spotless record was $1,500. However, this was the ideal circumstance.
Is insurance for a BMW 328i expensive?
The typical annual insurance premium for a BMW 328i is $1,448; this equates to $121 each month. BMW 328i insurance premiums should be about $21 less annually than the average for small luxury automobiles and $119 less annually than the $1,567 national average.
The bar graph that follows shows how the typical auto insurance prices for a 2016 BMW 328i change depending on the ages of the drivers and the policy deductibles.
Chart Information: The graph displays the average insurance cost for a 2016 BMW 328i after applying safe driver and claim-free discounts. All U.S. states and all BMW 328i trim levels were averaged for the rates for full-coverage insurance. Information last changed on August 30, 2022.
The information below shows the typical annual premiums for a BMW 328i for the model years 2013 to 2016.
Average rates presumptively have a spotless driving record and no accidents for which they were at fault. Rates are averaged across all states in the US, and physical damage deductibles for full coverage are $500. Information last changed on August 30, 2022.
Is insurance for a BMW 3 Series expensive?
The cost of car insurance for the BMW 3 Series is rather high. The annual average cost of insurance for a BMW 3 Series is $1,560. Other car models only have an annual insurance cost of $1,427. The typical cost of insurance for luxury manufacturers like Tesla is considerably higher than that for a BMW 3 Series.
Is BMW or Audi more affordable to insure?
When compared to non-luxury models, Audis are more expensive to insure, but they are still reasonably priced when compared to other luxury automakers. While the typical cost of insurance for a Toyota or Honda is about $2,000 per year, the typical cost of insurance for an Audi is about $3,400 per year.
However, compared to comparable high-end luxury automobiles from brands like Lexus, Mercedes, and BMW, Audis are significantly less expensive to insure. Depending on the model, these cars typically cost $4,000 or more to insure annually.
In general, smaller, faster, and more costly cars are more expensive to insure. A smaller, faster vehicle is more likely to be in an accident. The cost of repairing an expensive car typically goes up, which raises insurance premiums. However, more expensive vehicles may include better safety equipment, including obstacle avoidance sensors, which could lower the risk of accidents and insurance costs.
How much does a BMW 320i’s insurance cost?
How much does a BMW 320i’s auto insurance cost? To compare costs with other compact luxury cars, we looked at average insurance rates for the 320i, both with and without xDrive.
- The average annual cost of insurance for a BMW 320i is $1,482, or roughly $124 per month, however actual rates will vary greatly depending on the policy limitations.
- The average annual insurance cost for the BMW 320i is $64 less than that of other small luxury automobiles, making it one of the least expensive small luxury cars.
- The base 320i Sedan model averages $1,462 in annual insurance prices, while the xDrive Sedan averages $1,504 in annual insurance costs.
Are Mercedes insurance premiums high?
The bad news is that Mercedes-Benz auto insurance is more expensive than the national average. The good news is that you can get a fantastic bargain by looking around. A Mercedes-typical Benz’s annual auto insurance cost is $2,639 ($219/month). The brand is now the fourth-most expensive to insure among automakers.