BMW Insurance Rates

The average cost of car insurance for a BMW model is about $2,577 per year.

This is $510 worse than other luxury brands. Our car insurance comparison studies assume a 40 year old good driver with full coverage and good credit, that drives around 13,000 miles per year. Many things can contribute to the actual rates. These variables include vehicle, age, location, mileage, credit score, driving record and more. Below you will find a chart that illustrates some of these differences. The tables further down show how these factors impact BMW insurance rates.

Good Driver and Credit
Recent At-Fault Accident
Poor Credit Rating

These BMW insurance cost estimates are a result of our ongoing nationwide research and analysis, but they are only averages. We recommend that you let our trusted insurance partners do the shopping for you using our Competitive Quote Tool. While it's free to use, we do receive a small commission if you find a better deal.

Insurance Cost per BMW Model

Model Good Driver Recent Accident Poor Credit
BMW 2 Series Insurance Cost $2,036 $3,033 $3,585
BMW 3 Series Insurance Cost $2,225 $3,315 $3,918
BMW 4 Series Insurance Cost $2,415 $3,597 $4,251
BMW 5 Series Insurance Cost $2,442 $3,637 $4,299
BMW 7 Series Insurance Cost $2,982 $4,442 $5,251
BMW 8 Series Insurance Cost $3,385 $5,041 $5,959
BMW i3 Insurance Cost $2,141 $3,189 $3,769
BMW i8 Insurance Cost $3,745 $5,578 $6,594
BMW M5 Insurance Cost $3,331 $4,961 $5,864
BMW X1 Insurance Cost $1,697 $2,527 $2,987
BMW X2 Insurance Cost $1,882 $2,803 $3,314
BMW X3 Insurance Cost $1,927 $2,870 $3,392
BMW X5 Insurance Cost $2,319 $3,454 $4,083
BMW X6 Insurance Cost $3,104 $4,623 $5,465
BMW X6 M Insurance Cost $2,533 $3,773 $4,460
BMW X7 Insurance Cost $3,036 $4,522 $5,345
BMW Z4 Insurance Cost $2,613 $3,892 $4,600

The cost to insure a BMW model will differ significantly by the age of the driver. Younger drivers cost more to insure because they are much more likely to be at fault in an accident. That probability decreases dramatically by the time they turn 25 and so do the premiums. In fact, insurance cost by age continues to decline until after age 60, but the increases after are modest.

Credit plays a big role in premiums in most states. The under 25 crowd is far more likely to have very little credit established. The best way to mitigate this would be to join their family's multi-vehicle policy. Their rates will become more affordable as they age up and maintain a decent driving record. They can also build their credit at the same time. While paying car insurance doesn't improve credit on its own, using a credit card to so monthly can. As long as it's paid in full every billing cycle, of course. This is also an easy way to accumulate points on a rewards credit card as it's an expense required for every driver.

Insurance costs by age vary between brands based on resale values and safety ratings. If you're not set on a BMW, then see our insurance analysis and rankings for other makes and models here.

BMW Insurance Cost by Age

Age Good Driver Recent Accident Poor Credit
17 $8,729 $13,002 $15,370
18 $8,135 $12,117 $14,324
19 $7,189 $10,709 $12,659
20 $6,269 $9,337 $11,037
21 $5,257 $7,830 $9,256
22 $5,120 $7,626 $9,015
23 $4,480 $6,673 $7,888
24 $4,256 $6,339 $7,493
25 $3,673 $5,471 $6,467
30 $2,861 $4,262 $5,038
35 $2,680 $3,991 $4,718
40 $2,577 $3,839 $4,537
45 $2,508 $3,735 $4,416
55 $2,300 $3,426 $4,050
65 $2,399 $3,573 $4,224
75 $3,028 $4,510 $5,331

BMW auto insurance premiums can cost a lot more or less depending on where you live. Rates are more expensive in Michigan because they mandate much higher coverage levels. California, Hawaii and Massachusetts don't allow providers to adjust rates based on credit. These figures also do not include the potential discounts on a multi-vehicle policy. Those can provide significant savings to a household full of drivers. The table below is a breakdown of how these factors can affect BMW models by state.

Average BMW Insurance by State

State Good Driver Recent Accident Poor Credit
Alabama $2,731 $3,825 $4,787
Alaska $2,259 $3,289 $3,447
Arizona $2,553 $3,961 $5,648
Arkansas $2,799 $4,240 $4,744
California $3,117 $5,452 $3,117
Colorado $2,909 $4,027 $5,023
Connecticut $3,716 $5,745 $7,359
Delaware $3,077 $4,236 $5,623
Florida $3,663 $4,975 $6,486
Georgia $2,986 $4,603 $4,722
Hawaii $1,193 $1,647 $1,193
Idaho $2,072 $2,789 $3,472
Illinois $2,169 $3,207 $3,719
Indiana $2,229 $3,483 $4,064
Iowa $1,765 $2,648 $3,086
Kansas $2,348 $3,458 $4,096
Kentucky $3,395 $5,107 $6,006
Louisiana $4,358 $6,661 $7,171
Maine $1,648 $2,210 $3,226
Maryland $2,667 $3,910 $4,618
Massachusetts $2,139 $3,617 $2,139
Michigan $5,161 $7,759 $11,930
Minnesota $2,125 $2,854 $4,225
Mississippi $2,565 $3,874 $4,092
Missouri $2,417 $3,328 $4,304
Montana $2,457 $3,845 $4,240
Nebraska $2,077 $2,940 $3,345
Nevada $3,426 $5,171 $5,673
New Hampshire $2,383 $3,841 $4,891
New Jersey $2,625 $4,139 $5,340
New Mexico $2,681 $3,858 $4,333
New York $2,484 $3,234 $5,220
North Carolina $1,540 $2,485 $1,915
North Dakota $2,107 $3,243 $4,117
Ohio $1,878 $3,072 $3,183
Oklahoma $3,000 $4,504 $5,108
Oregon $2,730 $4,123 $4,730
Pennsylvania $2,299 $3,477 $3,990
Rhode Island $3,839 $5,891 $6,737
South Carolina $2,607 $3,773 $5,383
South Dakota $2,339 $3,218 $3,861
Tennessee $2,751 $4,115 $5,191
Texas $2,770 $4,077 $5,118
Utah $2,356 $3,407 $4,700
Vermont $1,814 $2,901 $3,171
Virginia $1,709 $2,573 $2,734
Washington $2,262 $3,399 $4,007
West Virginia $2,276 $3,315 $4,093
Wisconsin $2,269 $3,313 $4,023
Wyoming $2,118 $3,113 $3,480

Other Important BMW Ownership Costs

Insurance is a major vehicle related expense. There are also some others to be aware of. See our cost analyses on depreciation, maintenance and financing for all BMW models. These will provide you with even more knowledge before making such an important financial decision.

Ready to start shopping for a BMW? We have millions of new and used vehicles listed. Here are some BMW models for sale in your area.

Have more questions on our data or methodologies? Great, we're skeptics too. Here are some common questions and answers.