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.
In This Article...
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.
Compare BMW 3 Series insurance rates by company and model year.
According to a study by MoneyGeek, the annual cost of insurance for a BMW 3 Series is $1,560. Since that is a little more than the average rate, a BMW 3 Series will cost more to insure than other vehicles. However, prices change based on the insurance company and the year of the car. Find the finest coverage for your needs by shopping around and comparing pricing.
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.
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.
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.
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.
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.
Why are BMW insurance rates so high?
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.
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
Is insurance for a BMW 3 Series expensive?
Sports cars, luxury cars, and vehicles with poor safety ratings are frequently the vehicles that cause insurance rates to increase. The potential cost of repairs for the vehicle and pertinent historical trends for the make and model, such as claim and theft rates, are just a few of the variables that insurance companies consider when calculating insurance premiums.
What makes auto insurance more expensive?
- $5024 per year for a Maserati Quattroporte.
- R8 Audi: $4568 annually.
- BMW i8 costs $4372 per year.
- Mercedes-AMG GT costs $4130 annually.
- Nissan GT-R costs $4064 annually.
- Maserati Ghibli costs $4018 annually.
- S-Class Mercedes-Benz: $3742 annually.
- Porsche 911 yearly cost: $3734
Do BMWs cost a lot to maintain?
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.
Mercedes or BMW, which is more dependable?
But how many miles do BMW cars typically last? With good 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 last even longer.
Are Mercedes insurance premiums high?
One explanation is that replacing an expensive car is more expensive than insuring a cheap one. Because they statistically have a higher chance of auto theft, particularly if they are a sportier variant, premium cars may also have a higher rate.
Does the purchase of a car have an impact on the price of insurance?
Size of the Car The size of the car is another element that influences the model. Different sized cars from the same manufacturer have varying insurance costs. Additionally, insurance rates are higher for larger, boxier vehicles.
Are used BMWs trustworthy?
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.
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.
What does a BMW have high mileage?
Is maintaining a BMW expensive? Yes, BMW servicing is more expensive than many other manufacturers, whether they are premium or not, once the warranty expires. Over the course of ten years, maintaining a BMW can cost up to $5,000 more than Mercedes-Benzes and $12,000 more than Toyotas.
Does your car’s size effect your insurance?
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.
Does BMW require maintenance?
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.
Does the type of automobile affect auto insurance?
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.
Which automobile brands have the highest insurance costs?
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.
Which costs more to insure, new or used cars?
The brand, model, trim, year, and body style of your car all affect how much you have to spend for auto insurance. Insurance for an expensive model of automobile with extra features and a powerful engine will be more expensive than for a basic model with a high safety rating.
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.