BMW Insurance Rates

The average cost of car insurance for a BMW model is about $2,335 per year.

This is $441 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. They also assume a single-car policy on a brand-new vehicle, and won't reflect any multi-car discounts. 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

BMW insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

Insurance Cost per BMW Model

Model Good Driver Recent Accident Poor Credit
BMW 2 Series Insurance Cost $1,745 $2,562 $2,997
BMW 3 Series Insurance Cost $1,907 $2,800 $3,276
BMW 4 Series Insurance Cost $2,256 $3,313 $3,876
BMW 5 Series Insurance Cost $2,183 $3,205 $3,749
BMW 7 Series Insurance Cost $2,861 $4,201 $4,914
BMW 8 Series Insurance Cost $2,941 $4,319 $5,053
BMW i3 Insurance Cost $1,834 $2,693 $3,151
BMW i8 Insurance Cost $3,596 $5,280 $6,177
BMW M5 Insurance Cost $2,895 $4,250 $4,972
BMW X1 Insurance Cost $1,614 $2,370 $2,773
BMW X2 Insurance Cost $1,789 $2,628 $3,074
BMW X3 Insurance Cost $1,832 $2,690 $3,147
BMW X5 Insurance Cost $1,987 $2,918 $3,414
BMW X6 Insurance Cost $2,883 $4,233 $4,952
BMW X6 M Insurance Cost $2,209 $3,243 $3,794
BMW X7 Insurance Cost $2,877 $4,224 $4,942
BMW Z4 Insurance Cost $2,278 $3,345 $3,914

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 $7,907 $11,611 $13,584
18 $7,369 $10,821 $12,659
19 $6,513 $9,563 $11,187
20 $5,678 $8,338 $9,755
21 $4,762 $6,993 $8,180
22 $4,638 $6,810 $7,967
23 $4,058 $5,959 $6,971
24 $3,855 $5,661 $6,623
25 $3,327 $4,885 $5,715
30 $2,592 $3,806 $4,452
35 $2,427 $3,564 $4,170
40 $2,335 $3,428 $4,010
45 $2,272 $3,336 $3,902
55 $2,083 $3,059 $3,579
65 $2,173 $3,191 $3,733
75 $2,743 $4,028 $4,712

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 $2,473 $3,592 $4,573
Alaska $2,046 $2,836 $2,757
Arizona $2,313 $3,344 $4,926
Arkansas $2,536 $3,984 $4,387
California $2,823 $4,993 $2,823
Colorado $2,635 $3,687 $4,678
Connecticut $3,366 $5,221 $6,627
Delaware $2,787 $3,714 $4,770
Florida $3,318 $4,591 $5,982
Georgia $2,705 $4,045 $4,078
Hawaii $1,081 $1,467 $1,081
Idaho $1,877 $2,489 $3,026
Illinois $1,965 $2,970 $3,387
Indiana $2,019 $3,086 $3,463
Iowa $1,599 $2,193 $2,579
Kansas $2,127 $3,095 $3,620
Kentucky $3,075 $4,514 $5,331
Louisiana $3,948 $5,968 $6,471
Maine $1,493 $2,064 $3,047
Maryland $2,416 $3,516 $3,905
Massachusetts $1,937 $3,379 $1,937
Michigan $4,675 $7,124 $11,237
Minnesota $1,924 $2,566 $3,613
Mississippi $2,323 $3,314 $3,335
Missouri $2,189 $3,129 $4,111
Montana $2,226 $3,105 $3,615
Nebraska $1,881 $2,782 $3,023
Nevada $3,103 $4,603 $4,862
New Hampshire $2,159 $3,413 $4,315
New Jersey $2,378 $3,731 $4,883
New Mexico $2,429 $3,613 $3,750
New York $2,250 $2,833 $4,729
North Carolina $1,394 $2,396 $1,709
North Dakota $1,908 $2,900 $3,430
Ohio $1,702 $2,625 $2,691
Oklahoma $2,717 $3,891 $4,381
Oregon $2,473 $3,318 $3,963
Pennsylvania $2,083 $3,058 $3,578
Rhode Island $3,477 $5,101 $5,744
South Carolina $2,361 $3,273 $4,517
South Dakota $2,119 $3,053 $3,523
Tennessee $2,492 $3,668 $4,885
Texas $2,509 $3,625 $4,509
Utah $2,135 $2,991 $4,116
Vermont $1,643 $2,531 $2,675
Virginia $1,548 $2,377 $2,330
Washington $2,049 $2,781 $3,321
West Virginia $2,062 $2,952 $3,699
Wisconsin $2,056 $3,209 $3,660
Wyoming $1,919 $2,686 $2,861