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.
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Is BMW auto insurance more expensive than Toyota car insurance?
A high-end import like a BMW would often cost more to cover than a Toyota, but that depends on the kind of auto insurance you have.
The cost of comprehensive coverage or collision insurance may be higher due to the cost of the vehicle and the anticipated cost of maintenance, even if you are simply purchasing the minimum required liability coverage.
Comparison shopping will help you lower your auto insurance costs regardless of the vehicle you choose. Using Jerry to accomplish this is the greatest option.
With Jerry, an insurance broker app, you can quickly compare prices from up to 50 leading suppliers. Jerry will handle all the paperwork necessary to get you insured once you’ve found a policy that suits your needs. What’s best? On average, Jerry customers save $879 on car insurance annually.
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.
But How Much Does It Really Cost To Insure A BMW?
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.
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.
Is insurance for a BMW 3 Series expensive?
Expect to spend more for insurance if you are covering a luxury vehicle than you would for a regular vehicle. Insurance prices are greater for luxury cars because they are often more expensive than basic vehicles.
How much does a BMW 5 Series insurance policy cost?
The typical insurance cost for a 2019 BMW 330i is $213 per month or $2,550 per year. The insurance for a 2020 BMW 330i is $225 per month or $2,700 per year. The typical cost of insurance for a 2021 BMW 330i is $217 per month or $2,600 per year. The typical cost of insurance for a 2022 BMW 330i is $236 per month ($2,832 annually).
Is BMW or Audi more affordable to insure?
In 2022, the average cost of auto insurance for a BMW 330i is $527 for the bare minimum of coverage and $2,270 for full coverage. the federal
Why is BMW insurance so pricy?
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. However, compared to the typical price for luxury models like Tesla, insurance for a BMW 3 Series is considerably more inexpensive.
How much does a BMW 330i’s insurance cost?
In summary, you can take your BMW to whichever mechanic you choose for maintenance and oil changes. There is a little more to it than that, but overall, you are under no obligation to return to the BMW dealer if you choose not to.
Is Mercedes insurance more expensive?
Which automakers’ maintenance costs are the highest? Based on projections of total vehicle maintenance over a ten-year period, BMW leads the list as the priciest automobile brand to maintain, followed by Mercedes-Benz.
Are premiums for insurance higher for luxurious vehicles?
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, the average cost of insurance for these vehicles is frequently $4,000 or more per year.
Is insurance for Mercedes-Benz expensive?
Due to their higher value and repair costs, luxury vehicles like the Mercedes-Benz are more expensive to insure than less expensive vehicles.
Is insurance for Volvos expensive?
Cost of insurance for an AMG GT For a 30-year-old, the average insurance premium for a 2021 Mercedes AMG GT S is $6,818 annually. An 18-year-old’s insurance typically costs $22,524 per year.
How much does a Mercedes GLA insurance policy cost?
Volvos frequently rank among the most affordable premium vehicles to insure. The typical annual cost of auto insurance for Volvo owners is $1,848 and the monthly cost is $157. The make and model of the vehicle you drive is one of many elements that determines your insurance rate.
Are BMWs trustworthy?
With the right care, almost any BMW has the ability to last up to 200,000 or even 250,000 miles, and there will always be outliers that go even longer. It’s simple to get off to a good start because every new BMW comes with free factory-recommended maintenance through BMW Ultimate Care.
Does BMW require maintenance?
Fortunately, ratings of BMW dependability from several organizations support that excellent reputation: Customer Reports Every BMW in the lineup received a score above average in the 2020 rankings. The i3 electric car and the X6 midsize SUV are BMW’s most reliable models, and the brand as a whole is ranked seventh.
What does a BMW have high mileage?
For basic vehicle insurance, a Maserati’s average annual insurance price is $1,687, while for full coverage, it is $3,800. The average insurance rate in the US is $2,301 for full coverage and $1,631 for minimal coverage when all automobile makes are taken into account.
How many miles is a BMW good for?
What kind of mileage does a BMW have to have? Although the average BMW can travel between 100,000 and 250,000 miles, excessive mileage is actually regarded as being a little less than this. Most dealers won’t carry BMWs with mileage over 100,000, and some even think 60-80,000 is a high mileage range for these vehicles.
How much does a Maserati’s insurance cost?
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-Benz’s typical annual auto insurance cost is $2,639 ($219/month). The brand is now the fourth-most expensive to insure among automakers.
Which vehicle requires the most maintenance?
As a producer of high-end automobiles, BMW models can be pricey to insure. This is due to the fact that costlier cars typically cost more to maintain and repair.
Which luxury vehicle requires the least maintenance?
Insuring a BMW 5 Series typically costs $1,502 a year, which is $75 more than the national average. Depending on the insurer, the cost of insurance for a BMW 5 Series might vary by up to $731 annually.
What vehicle requires the least upkeep?
- Model 3 Tesla. View the Tesla Model 3 maintenance schedule, projected expenses per year, and predicted likelihood of major repairs.
- a Model S Tesla.
- a Model Y Tesla.
- Toyota ES 300h.
- Toyota IS 350.
- Toyota GS 350.
- Ford Model X
G Wagon maintenance costs are they high?
Insurance for Mercedes-Benz’s Gla-class Fast facts: Average cost of auto insurance: $1,548 annually, $774 for a six-month policy, or $129 monthly