BMW Insurance Rates

The average cost of car insurance for a BMW model is about $2,104 per year.

This is $317 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 $1,670 $2,452 $2,868
BMW 3 Series Insurance Cost $1,825 $2,680 $3,135
BMW 4 Series Insurance Cost $1,980 $2,908 $3,402
BMW 5 Series Insurance Cost $2,002 $2,940 $3,440
BMW 7 Series Insurance Cost $2,386 $3,503 $4,098
BMW 8 Series Insurance Cost $2,674 $3,926 $4,593
BMW i3 Insurance Cost $1,756 $2,578 $3,016
BMW i8 Insurance Cost $2,958 $4,344 $5,082
BMW M5 Insurance Cost $2,632 $3,864 $4,521
BMW X1 Insurance Cost $1,544 $2,268 $2,653
BMW X2 Insurance Cost $1,713 $2,515 $2,942
BMW X3 Insurance Cost $1,753 $2,575 $3,012
BMW X5 Insurance Cost $1,902 $2,793 $3,267
BMW X6 Insurance Cost $2,452 $3,600 $4,211
BMW X6 M Insurance Cost $2,026 $2,975 $3,481
BMW X7 Insurance Cost $2,399 $3,522 $4,121
BMW Z4 Insurance Cost $2,090 $3,069 $3,590

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 $7,125 $10,463 $12,240
18 $6,641 $9,751 $11,407
19 $5,869 $8,617 $10,081
20 $5,117 $7,514 $8,790
21 $4,291 $6,301 $7,371
22 $4,179 $6,137 $7,179
23 $3,657 $5,369 $6,282
24 $3,474 $5,101 $5,968
25 $2,998 $4,402 $5,150
30 $2,335 $3,429 $4,012
35 $2,187 $3,212 $3,757
40 $2,104 $3,089 $3,614
45 $2,047 $3,006 $3,516
55 $1,877 $2,757 $3,225
65 $1,958 $2,876 $3,364
75 $2,472 $3,629 $4,246

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 $2,229 $3,237 $4,121
Alaska $1,844 $2,556 $2,484
Arizona $2,084 $3,013 $4,439
Arkansas $2,285 $3,590 $3,953
California $2,544 $4,499 $2,544
Colorado $2,374 $3,323 $4,216
Connecticut $3,033 $4,704 $5,972
Delaware $2,511 $3,347 $4,299
Florida $2,990 $4,137 $5,390
Georgia $2,438 $3,645 $3,675
Hawaii $974 $1,322 $974
Idaho $1,692 $2,242 $2,726
Illinois $1,771 $2,677 $3,052
Indiana $1,819 $2,781 $3,121
Iowa $1,441 $1,976 $2,324
Kansas $1,917 $2,789 $3,262
Kentucky $2,771 $4,068 $4,804
Louisiana $3,558 $5,378 $5,831
Maine $1,345 $1,859 $2,745
Maryland $2,177 $3,168 $3,519
Massachusetts $1,746 $3,045 $1,746
Michigan $4,213 $6,420 $10,126
Minnesota $1,734 $2,312 $3,256
Mississippi $2,094 $2,986 $3,006
Missouri $1,973 $2,820 $3,705
Montana $2,006 $2,798 $3,257
Nebraska $1,695 $2,507 $2,724
Nevada $2,796 $4,148 $4,381
New Hampshire $1,945 $3,076 $3,888
New Jersey $2,143 $3,362 $4,400
New Mexico $2,188 $3,255 $3,379
New York $2,027 $2,553 $4,261
North Carolina $1,257 $2,159 $1,540
North Dakota $1,720 $2,614 $3,091
Ohio $1,533 $2,365 $2,425
Oklahoma $2,449 $3,506 $3,947
Oregon $2,228 $2,990 $3,571
Pennsylvania $1,877 $2,755 $3,224
Rhode Island $3,133 $4,596 $5,176
South Carolina $2,128 $2,949 $4,070
South Dakota $1,909 $2,751 $3,174
Tennessee $2,245 $3,305 $4,402
Texas $2,261 $3,267 $4,063
Utah $1,923 $2,696 $3,709
Vermont $1,481 $2,281 $2,410
Virginia $1,395 $2,142 $2,099
Washington $1,847 $2,506 $2,992
West Virginia $1,858 $2,661 $3,334
Wisconsin $1,852 $2,891 $3,298
Wyoming $1,729 $2,421 $2,578