Do BMW Have High Insurance?

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 national average for insurance is $1,771, therefore the BMW 330i is normally more expensive. The make and model of your car is one of many variables that insurance companies take into account when calculating your rates.

The BMW 330i is a luxury vehicle with a base MSRP of $41,450, thus replacing it should it be totaled in an accident will cost the insurance company extra. The rate is also influenced by other factors, such as:

  • Crash statistics by make and model: The 2020 BMW 3 series is a Top Safety Pick for a mid-size luxury sedan according to the Insurance Institute for Highway Safety (IIHS), which lowers insurance costs.
  • Price of parts: The BMW 330i contains parts made in Germany, China, and Mexico, which raises the cost of replacing a part and pushes up insurance premiums.
  • Air bags, safety alerts, an anti-theft system, and anti-lock brakes are all included as standard equipment on the BMW 330i, all of which improve safety ratings and may assist to moderately cut insurance premiums.

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.

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.

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.

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.


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.

Why is insurance for BMWs so expensive?

A BMW is seen as a luxury vehicle, thus insurance will be more expensive. However, there are additional elements that can help to counteract that. Your insurance prices can be decreased by choosing to add a few of BMW’s optional safety features. The low theft rates for BMW are also to your advantage.

Your BMW’s insurance won’t be hard to get. This top-of-the-line car is covered by most, if not all, of the well-known insurance firms.

Why is BMW insurance so costly?

Over a ten-year period, a BMW may cost $12,000 more to maintain than a Toyota and $5,000 more than a Mercedes-Benz. Why does maintaining a BMW cost so much money? Because it’s a German vehicle with specialized parts and technology, maintaining a BMW is pricey.

How much does a BMW 328i’s insurance cost?

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.

Is insurance for a BMW 3 Series expensive?

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 BMW or Audi more affordable to insure?

How much does insurance for a BMW cost? 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. You should exercise caution when looking for a policy because BMW insurance is more expensive than the average.

How much does it cost to own a BMW?

  • BMW i8. The most costly car to insure in the nation is the BMW i8.
  • Quattroporte from Maserati. One of the priciest vehicles to insure is the Maserati Quattroporte.
  • Nintendo GT-R.
  • GranTurismo by Maserati.
  • S-Class Mercedes-Benz.
  • GT Mercedes-AMG.
  • BMW X6.
  • Ford Model X

What does a BMW have high mileage?

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.

Are Mercedes insurance premiums high?

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.

Are used BMWs trustworthy?

Mercedes-Benz vs. BMW: Dependability According to the J.D. Power 2021 Vehicle Dependability Study, the most recognizable brands in the world’s 2018 models were evaluated for the number of issues per 100 vehicles. With a score of 108 problems, BMW placed 11th. With 122, Mercedes-Benz was ranked 15th.

Are BMW vehicles dependable?

BMW remains the overall champion when it comes to luxury performance, even if the Mercedes-Benz CLS-Class is one of the best-performing large luxury sedans on the road right now. Customers should choose a BMW automobile if they want performance and style in one convenient package.

Are insurance rates for new automobiles lower?

The typical annual insurance premium for a BMW 328i is $1,448; this equates to $121 each month. BMW 328i insurance premiums will be around $21 less annually than the average premium for small luxury automobiles and $119 less annually than the $1,567 national average.

Is a BMW or a Mercedes better?

How much does a BMW oil change cost? BMW oil changes typically cost between $135 and $175, with parts and fluids accounting for roughly $90 to $110 of that total and labor making up the remaining percentage.

Mercedes or BMW, which is more dependable?

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.

Which automobile brands have the highest insurance costs?

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.

Do Audis cost a lot to insure?

A new car may cost more to insure than an older one because of its value, repair costs, danger of theft, and other variables. If you finance your new automobile, your lender will probably insist that you carry more insurance than is legally required, which will usually result in higher premiums.

Do fancy cars have higher insurance costs?

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.

Is older automobile insurance less expensive?

The Zebra reports that the majority of Audi owners spend 36% more for car insurance than the average motorist. Depending on your location and other conditions, you’ll pay around $1606 for a vehicle from this luxury series.

How many miles is a BMW good for?

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.

What does a BMW oil change cost?

Are insurance rates for older automobiles lower? Yes, the majority of older vehicles are less expensive to insure, particularly for collision and comprehensive coverage. The potential insurance payouts following an accident decrease as vehicles age.