When buying a new vehicle, factor in the cost of car insurance as part of your overall budget.
The average cost of BMW car insurance is $4,508 a year or $376 per month, based on a detailed analysis by CarInsurance.com. Your exact rates may vary based on factors such as your insurance company, vehicle model, age and driving history.
- The annual average nationwide cost of full coverage car insurance for BMW is $4,508 per year.
- The X1 is the cheapest BMW model to insure.
- Advanced safety features that come standard on BMW models help lower your insurance costs.
Average cost of car insurance for a BMW, by company
Car insurance premiums can vary widely based on the make of your vehicle. Insurance companies have their own methods for calculating the risk and the probability of claim filing. They consider various factors, including your driving history, location, age and the type of vehicle you own, to determine your auto insurance rates.
Below, you’ll find BMW car insurance rates from various insurance companies.
Cost to insure a BMW, by company
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Travelers | $2,786 | $1,393 | $232 |
| State Farm | $3,722 | $1,861 | $310 |
| Nationwide | $3,833 | $1,917 | $319 |
| GEICO | $4,317 | $2,159 | $360 |
| Progressive | $4,416 | $2,208 | $368 |
| Allstate | $5,495 | $2,747 | $458 |
| Farmers | $5,958 | $2,979 | $497 |
| USAA | $3,737 | $1,868 | $311 |
BMW average insurance rates, by model
BMW X1 car insurance cost
Car insurance cost for a BMW X1 is $245 per month or $2,934 a year, based on CarInsurance.com’s rate analysis. Travelers offers the most affordable car insurance rates for a BMW X1 at an average monthly cost of $159 or $1,910 yearly.
BMW X2 car insurance cost
The average monthly car insurance premium for a BMW X2 is $255 or $3,057 annually. Travelers is the most affordable company for a BMW X2 owner, offering insurance at a monthly rate of just $169 or $2,029 per year.
BMW X3 car insurance cost
The average car insurance premium for BMW X3 is $263 per month, which translates to $3,151 per year. The most affordable company for a BMW X3 is Travelers with a rate of $166 monthly or $1,990 per year.
BMW Z4 car insurance cost
The average car insurance premium for BMW Z4 is $276 per month, which translates to $3,317 per year. The most affordable company for a BMW Z4 is Travelers with a rate of $150 monthly or $1,796 per year.
BMW X4 car insurance cost
The average car insurance premium for BMW X4 is $285 per month, which translates to $3,423 per year. The most affordable company for a BMW X4 is Travelers with a rate of $204 monthly or $2,448 per year.
BMW 2 Series car insurance cost
The average car insurance premium for BMW 2 Series is $296 per month, which translates to $3,550 per year. The most affordable company for a BMW 2 Series is Travelers with a rate of $166 monthly or $1,993 per year.
Insurance rates by car model
The average cost of car insurance for a BMW, by age
The cost of BMW car insurance can vary based on your age. Generally, young drivers face significantly higher premiums compared to those with more driving experience.
According to the Insurance Information Institute, young drivers made up only 5.1% of all licensed drivers in 2020 but accounted for 8.5% of all drivers involved in fatal crashes. Statistics clearly show that young drivers are involved in more accidents which result in claims. Teens also engage in more reckless behavior behind the wheel than older drivers, and that additional risk pushes up the cost of insurance.
Car insurance costs generally decrease as drivers gain more experience and avoid getting tickets and filing claims. However, when drivers turn 60, insurance rates tend to rise again. The tables below show BMW insurance costs based on the driver’s age.
Cost to insure a BMW, by model, for 18-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 18 | BMW 2 Series | $11,619 | $5,810 | $968 |
| 18 | BMW 2 Series Gran Coupe | $11,915 | $5,958 | $993 |
| 18 | BMW 3 Series | $12,144 | $6,072 | $1,012 |
| 18 | BMW 4 Series | $12,941 | $6,471 | $1,078 |
| 18 | BMW 4 Series Gran Coupe | $13,012 | $6,506 | $1,084 |
| 18 | BMW 5 Series | $13,582 | $6,791 | $1,132 |
| 18 | BMW 7 Series | $16,911 | $8,456 | $1,409 |
| 18 | BMW 8 Series | $17,128 | $8,564 | $1,427 |
| 18 | BMW 8 Series Gran Coupe | $18,060 | $9,030 | $1,505 |
| 18 | BMW i4 | $13,196 | $6,598 | $1,100 |
| 18 | BMW i5 | $14,636 | $7,318 | $1,220 |
| 18 | BMW i7 | $19,729 | $9,865 | $1,644 |
| 18 | BMW iX | $14,465 | $7,233 | $1,205 |
| 18 | BMW M2 | $13,972 | $6,986 | $1,164 |
| 18 | BMW M3 | $16,041 | $8,021 | $1,337 |
| 18 | BMW M4 | $17,037 | $8,518 | $1,420 |
| 18 | BMW M5 | $21,379 | $10,690 | $1,782 |
| 18 | BMW M5 Touring | $21,789 | $10,894 | $1,816 |
| 18 | BMW M8 | $20,579 | $10,289 | $1,715 |
| 18 | BMW M8 Gran Coupe | $21,743 | $10,872 | $1,812 |
| 18 | BMW X1 | $9,489 | $4,745 | $791 |
| 18 | BMW X2 | $9,891 | $4,945 | $824 |
| 18 | BMW X3 | $10,196 | $5,098 | $850 |
| 18 | BMW X4 | $11,070 | $5,535 | $922 |
| 18 | BMW X4 M | $12,909 | $6,454 | $1,076 |
| 18 | BMW X5 | $11,916 | $5,958 | $993 |
| 18 | BMW X5 M | $15,442 | $7,721 | $1,287 |
| 18 | BMW X6 | $13,771 | $6,885 | $1,148 |
| 18 | BMW X6 M | $17,833 | $8,916 | $1,486 |
| 18 | BMW X7 | $14,669 | $7,334 | $1,222 |
| 18 | BMW XM | $18,434 | $9,217 | $1,536 |
| 18 | BMW Z4 | $10,836 | $5,418 | $903 |
Cost to insure a BMW, by model, for 40-year-olds
| Age | Make Model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|---|
| 40 | BMW 2 Series | $3,550 | $1,775 | $296 |
| 40 | BMW 2 Series Gran Coupe | $3,669 | $1,834 | $306 |
| 40 | BMW 3 Series | $3,742 | $1,871 | $312 |
| 40 | BMW 4 Series | $3,981 | $1,991 | $332 |
| 40 | BMW 4 Series Gran Coupe | $3,986 | $1,993 | $332 |
| 40 | BMW 5 Series | $4,228 | $2,114 | $352 |
| 40 | BMW 7 Series | $5,314 | $2,657 | $443 |
| 40 | BMW 8 Series | $5,362 | $2,681 | $447 |
| 40 | BMW 8 Series Gran Coupe | $5,627 | $2,813 | $469 |
| 40 | BMW i4 | $4,006 | $2,003 | $334 |
| 40 | BMW i5 | $4,461 | $2,230 | $372 |
| 40 | BMW i7 | $6,092 | $3,046 | $508 |
| 40 | BMW iX | $4,498 | $2,249 | $375 |
| 40 | BMW M2 | $4,345 | $2,172 | $362 |
| 40 | BMW M3 | $4,916 | $2,458 | $410 |
| 40 | BMW M4 | $5,229 | $2,614 | $436 |
| 40 | BMW M5 | $6,593 | $3,297 | $549 |
| 40 | BMW M5 Touring | $6,708 | $3,354 | $559 |
| 40 | BMW M8 | $6,423 | $3,212 | $535 |
| 40 | BMW M8 Gran Coupe | $6,744 | $3,372 | $562 |
| 40 | BMW X1 | $2,934 | $1,467 | $245 |
| 40 | BMW X2 | $3,057 | $1,528 | $255 |
| 40 | BMW X3 | $3,151 | $1,575 | $263 |
| 40 | BMW X4 | $3,423 | $1,712 | $285 |
| 40 | BMW X4 M | $3,994 | $1,997 | $333 |
| 40 | BMW X5 | $3,697 | $1,848 | $308 |
| 40 | BMW X5 M | $4,797 | $2,399 | $400 |
| 40 | BMW X6 | $4,203 | $2,102 | $350 |
| 40 | BMW X6 M | $5,484 | $2,742 | $457 |
| 40 | BMW X7 | $4,554 | $2,277 | $380 |
| 40 | BMW XM | $5,844 | $2,922 | $487 |
| 40 | BMW Z4 | $3,317 | $1,659 | $276 |
Speak with a friendly agent and get your quote in minutes!
BMW car insurance rates by state
Your location significantly impacts your BMW car insurance premiums. Insurance rates vary widely from state to state due to factors like traffic density, accident statistics, theft/vandalism, weather events and state laws. Below, you’ll find BMW car insurance rates by state.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $4,163 | $2,081 | $347 |
| Alabama | $4,027 | $2,014 | $336 |
| Arkansas | $5,481 | $2,741 | $457 |
| Arizona | $4,690 | $2,345 | $391 |
| California | $5,377 | $2,688 | $448 |
| Colorado | $5,233 | $2,616 | $436 |
| Connecticut | $5,041 | $2,520 | $420 |
| Washington, D.C. | $6,285 | $3,142 | $524 |
| Delaware | $5,088 | $2,544 | $424 |
| Florida | $4,557 | $2,278 | $380 |
| Georgia | $4,228 | $2,114 | $352 |
| Hawaii | $2,600 | $1,300 | $217 |
| Iowa | $4,087 | $2,043 | $341 |
| Idaho | $3,196 | $1,598 | $266 |
| Illinois | $3,724 | $1,862 | $310 |
| Indiana | $3,094 | $1,547 | $258 |
| Kansas | $4,646 | $2,323 | $387 |
| Kentucky | $5,207 | $2,604 | $434 |
| Louisiana | $7,823 | $3,912 | $652 |
| Massachusetts | $3,761 | $1,880 | $313 |
| Maryland | $4,932 | $2,466 | $411 |
| Maine | $3,022 | $1,511 | $252 |
| Michigan | $6,190 | $3,095 | $516 |
| Minnesota | $4,358 | $2,179 | $363 |
| Missouri | $4,665 | $2,332 | $389 |
| Mississippi | $5,167 | $2,583 | $431 |
| Montana | $4,511 | $2,256 | $376 |
| North Carolina | $3,767 | $1,884 | $314 |
| North Dakota | $4,084 | $2,042 | $340 |
| Nebraska | $4,887 | $2,443 | $407 |
| New Hampshire | $3,242 | $1,621 | $270 |
| New Jersey | $4,765 | $2,383 | $397 |
| New Mexico | $4,509 | $2,255 | $376 |
| Nevada | $5,016 | $2,508 | $418 |
| New York | $4,778 | $2,389 | $398 |
| Ohio | $3,016 | $1,508 | $251 |
| Oklahoma | $4,973 | $2,487 | $414 |
| Oregon | $3,798 | $1,899 | $316 |
| Pennsylvania | $4,646 | $2,323 | $387 |
| Rhode Island | $4,926 | $2,463 | $410 |
| South Carolina | $4,900 | $2,450 | $408 |
| South Dakota | $5,752 | $2,876 | $479 |
| Tennessee | $4,065 | $2,033 | $339 |
| Texas | $4,962 | $2,481 | $413 |
| Utah | $3,467 | $1,734 | $289 |
| Virginia | $3,854 | $1,927 | $321 |
| Vermont | $3,309 | $1,654 | $276 |
| Washington | $3,489 | $1,744 | $291 |
| Wisconsin | $4,467 | $2,233 | $372 |
| West Virginia | $4,064 | $2,032 | $339 |
| Wyoming | $3,546 | $1,773 | $296 |
Average car insurance cost for different vehicle makes
Our apologies, we cannot display the data due to availability or spelling errors. Please check the spelling and try again. For assistance, reach out us via Which body styles are cheaper or more expensive to insure?
When it comes to affordable BMW car insurance, it’s best to stick to vehicles that are designed with families in mind. These vehicles are typically loaded with advanced safety features, have smaller engines and are usually driven by parents who have kids in the car, so they tend to drive more carefully, which results in fewer accidents.
Safety features like airbags, backup cameras, automatic emergency braking and lane departure warnings play a significant role in keeping insurance premiums low. Minivans and compact to midsize SUVs continue to top the list of the most affordable cars to insure.
Pickups and commercial vans often come with lower insurance rates than sedans and other types of vehicles. This is partly because they are cheaper to repair and don’t have any expensive electric and safety components, leading to cheaper insurance rates.
Cheapest BMW models to insure
Opting for smaller, less costly BMW models with modest engines can result in lower insurance costs than choosing sportier or upscale models. Base versions tend to be the most affordable to insure, but premiums increase as you upgrade to higher-level trims.
Models that are popular with families and are loaded with safety features will help keep your premium affordable. Advanced safety features such as automatic emergency braking, a backup camera and blind spot detection can result in a discount on your premium.
“If you are a younger driver, you will probably pay more for auto insurance, so you may need to consider practicality versus style,” says Lauren Mckenzie, independent broker/agent with A Plus Insurance. “If you are younger and you choose a fast, luxurious sports car, your monthly insurance payments could end up being more than your monthly auto loan payments.”
Most expensive BMW models to insure
Luxury vehicles and sports cars typically rank among the most expensive vehicles to insure. Luxury cars and sports models often come with higher premiums due to their increased theft risk and higher repair or replacement costs. Meanwhile, larger SUVs can also result in higher insurance rates because of their potential to cause more damage in an accident.
If you are hoping to keep your insurance bill low, avoid these types of vehicles:
- EVs: EVs have large, very expensive batteries under the hood which makes them expensive to insure. Battery packs can cost up to $20,000 to replace, so insurers factor that risk into your rate.
- Luxury and sports cars: A big engine is always a red flag for insurers as is a sky-high sticker price. Luxury and sports cars come with a big sticker price, are fast, and filled with exotic trims and technology, all of which make them very costly to repair or replace if you file a claim which is why they are super expensive to insure.
- Favorites of thieves: Insurers keep a close eye on statistics, and if your vehicle is a favorite with car thieves, you will pay more for coverage. The National Insurance Crime Bureau (NICB) releases a list every year of hot cars with thieves so avoid those vehicles to keep your premium low.
How to save on car insurance for a BMW
“Shop around for quotes from multiple insurers. Also, investigate group auto insurance that may be available from your employer,” says Brian Martucci, finance editor for Minneapolis-based Money Crashers.
Additionally, drop insurance coverage you don’t need, especially if you want to purchase an older vehicle model.
“You can shift money from one type of coverage to additional coverage on the uninsured motorist property damage coverage, for example. This way, so long as you are not the one at fault in an accident, your vehicle will be covered and you will save a lot of money on car insurance,” Mckenzie says.
Before committing to a vehicle, estimate your car insurance costs and shop for the best value. Compare quotes from different insurance companies carefully.
“If your car insurance payments are still on the higher end, consider choosing a higher deductible, such as $1,000 instead of a $500 deductible – which will lower your premium,” Mckenzie says. “Also, consider leaving off additional coverages like rental reimbursement or roadside assistance, which may save you money, too.”
BMW discounts on car insurance
One way to save money on your BMW insurance is to make sure that all available discounts are being applied to your policy. Insurers offer a variety of discounts that can dramatically lower your premium.
You might be eligible for discounts related to your vehicle or personal factors. Insurance companies typically reduce rates for vehicles equipped with advanced safety features such as automated emergency braking, lane departure warning systems and driver alertness monitors.
In addition, you may be able to save a bit of coin by having an anti-theft device installed or driving a brand-new car as some insurers offer a new car discount.
Discounts related to your personal factors can include major discounts such as being a good driver or a good student (if you have a teen on your policy).
“You may also qualify for a low-mileage discount by driving less and by bundling multiple policies, like home and auto, with the same carrier,” Martucci says.
Learn about common car insurance discounts for an overview of the most common savings for BMW auto insurance.
How does a car’s make affect car insurance rates?
BMW car insurance rates depend on the model you select. They offer a diverse range of vehicles and insurance costs vary with each type.
Smaller SUVs and minivans generally have the lowest insurance costs, while luxury models and sporty sedans are more expensive to insure. Pickup trucks are often cheaper on the insurance spectrum-unless you go for luxury trims.
Insurers collect reams of statistical data, and the numbers show that vehicles that are popular with families (think SUVs and minivans) are in fewer accidents and file fewer claims than drivers of sedans and sports cars which is one reason they are cheaper to insure. Luxury vehicles and sports cars are also bursting with expensive trim materials and technology that pushes up the cost of repairs and insurance.
Make sure you compare car insurance quotes apples to apples for different types of vehicles. A luxury sedan typically costs more to insure than a minivan or mid-size SUV. To make an informed decision, make sure you compare quotes for the same vehicle types and coverage limits.
This same approach is essential when comparing vehicles from different brands. A luxury German sedan, like a BMW or Mercedes, typically incurs higher insurance costs compared to a minivan or compact car from a different brand. Always make sure you’re comparing similar vehicle types and trim levels when considering a new vehicle or insurance policy.
Check out car insurance rates by model: Compare rates for over 3,000 models
About the company: BMW
BMW, which stands for Bayerische Motoren Werke AG, is a German multinational company that produces luxury vehicles and motorcycles. Founded in Munich in 1916, the brand has consistently set standards in terms of performance, innovation and design. A testament to its excellence is BMW’s extensive range of vehicles, which includes sports cars, sedans, SUVs and electric vehicles.
Final thoughts on BMW insurance costs
BMW offers a diverse range of vehicle models, and the cost to insure them varies based on several factors. Opting for entry-level vehicles with a lower starting price, a smaller engine and plenty of safety features can help keep your insurance premiums affordable. On the other hand, selecting luxury or sporty models may increase the cost of coverage.
You can reduce your insurance costs by regularly comparing coverage options, inquiring about available discounts and choosing the highest deductible.
Frequently asked questions
Does my driving record impact how much I pay to insure my BMW?
Yes, your driving record has a significant impact on your BMW’s insurance premium. A clean driving history typically leads to lower rates, while accidents, speeding tickets, or DUI offenses can substantially increase your premium.
Does the color of my BMW affect the insurance premium?
No, the color of your BMW does not affect your insurance premium. Insurance companies base their rates on factors like the model, age, safety features, and driving history, but not the color of your vehicle.
How does the age of my BMW affect insurance costs?
The age of your BMW can influence your insurance costs. Older BMW models tend to have lower premiums due to depreciation, but they may lack the latest safety features, which can slightly increase the rates. Conversely, newer models often have higher premiums because they are more expensive to repair or replace.
Resources & Methodology
Sources
- Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed March 2026.
- National Insurance Crime Bureau (NICB). “2023 Vehicle Theft Trends Report.” Accessed March 2026.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates. The rates are based on the sample profiles of 18 and 40-year-old male drivers carrying full coverage policies with limits of 100/300/100 and 0 collision and comprehensive deductibles. Read the detailed methodology for more information.
Still have a question? Ask our experts
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs
We're not here to sell you a policy. Instead, we empower you to choose wisely by offering real-world insights and support. Everything we create is built on trust, transparency and a commitment to clarity so that you can move forward with confidence every step of the way. We help you make smarter decisions — quickly, clearly and on your terms. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.