When buying a new vehicle, factor in the cost of car insurance as part of your overall budget.
According to CarInsurance.com’s rate analysis, the average annual cost for BMW car insurance is $3,778 or $315 per month. Remember that your specific rates may vary depending on the BMW model you choose, the model year, your age, your driving history and the insurer.
- The annual average nationwide cost of full coverage car insurance for BMW is $3,778 per year.
- The X3 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 differ significantly based on the make of the vehicle. For instance, car insurance rates vary from one insurance company to another because each company uses its formula to calculate risk and estimate the likelihood of a claim being filed, considering factors such as your driving record, location, age and the type of vehicle you drive.
See how car insurance rates for BMW vehicles compare among different insurers in the table below.
Cost to insure a BMW, by company
| Company | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| State Farm | $3,002 | $1,501 | $250 |
| Nationwide | $3,097 | $1,548 | $258 |
| Progressive | $3,284 | $1,642 | $274 |
| Geico | $3,709 | $1,854 | $309 |
| Farmers | $4,530 | $2,265 | $378 |
| Allstate | $5,111 | $2,556 | $426 |
BMW average insurance rates, by model
BMW X3 car insurance cost
The average car insurance premium for BMW X3 is $212 per month, which translates to $2,542 per year. The most affordable company for a BMW X3 is Nationwide with a rate of $161 monthly or $1,936 per year.
BMW X2 car insurance cost
The average car insurance premium for BMW X2 is $219 per month, which translates to $2,626 per year. The most affordable company for a BMW X2 is State Farm with a rate of $169 monthly or $2,023 per year.
BMW X1 car insurance cost
For BMW X1 owners, the average car insurance cost is $222 per month or $2,659 annually. Nationwide offers the most affordable insurance premiums with an average annual cost of $2,085 or $174 per month.
BMW 2 Series Gran Coupe car insurance cost
Car insurance costs an average of $247 per month, which adds up to $2,962 a year for a BMW 2 Series Gran Coupe. Among the companies analyzed, Nationwide stands out as the most affordable option, at an average annual cost of $2,007 or $167 per month.
BMW 2 Series car insurance cost
Car insurance cost for a BMW 2 Series is $2,962 a year or $247 monthly. If you own a BMW 2 Series, Nationwide has the cheapest car insurance rates with an average annual premium of $2,233 or $186 per month.
BMW X4 car insurance cost
The average car insurance premium for BMW X4 is $249 per month, which translates to $2,991 per year. The most affordable company for a BMW X4 is Nationwide with a rate of $198 monthly or $2,373 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.
As drivers gain more experience, car insurance costs usually decrease and remain relatively stable if the driver doesn’t have any tickets, claims or accidents on their record. However, rates tend to rise again after the age of 60. The table below shows how much it costs to insure a BMW 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 | $11,303 | $5,652 | $942 |
| 18 | BMW 2 Series Gran Coupe | $11,189 | $5,594 | $932 |
| 18 | BMW 3 Series | $11,921 | $5,960 | $993 |
| 18 | BMW 4 Series | $13,412 | $6,706 | $1,118 |
| 18 | BMW 4 Series Gran Coupe | $13,609 | $6,804 | $1,134 |
| 18 | BMW 5 Series | $12,773 | $6,387 | $1,064 |
| 18 | BMW 7 Series | $17,489 | $8,745 | $1,457 |
| 18 | BMW 8 Series | $17,786 | $8,893 | $1,482 |
| 18 | BMW 8 Series Gran Coupe | $18,019 | $9,010 | $1,502 |
| 18 | BMW i4 | $13,956 | $6,978 | $1,163 |
| 18 | BMW i5 | $14,466 | $7,233 | $1,206 |
| 18 | BMW i7 | $19,927 | $9,964 | $1,661 |
| 18 | BMW iX | $14,274 | $7,137 | $1,189 |
| 18 | BMW M2 | $14,630 | $7,315 | $1,219 |
| 18 | BMW M3 | $17,345 | $8,673 | $1,445 |
| 18 | BMW M4 | $18,596 | $9,298 | $1,550 |
| 18 | BMW M8 | $20,156 | $10,078 | $1,680 |
| 18 | BMW M8 Gran Coupe | $21,701 | $10,850 | $1,808 |
| 18 | BMW X1 | $9,893 | $4,946 | $824 |
| 18 | BMW X2 | $9,861 | $4,931 | $822 |
| 18 | BMW X3 | $9,586 | $4,793 | $799 |
| 18 | BMW X3 M | $11,917 | $5,959 | $993 |
| 18 | BMW X4 | $11,161 | $5,581 | $930 |
| 18 | BMW X4 M | $12,659 | $6,330 | $1,055 |
| 18 | BMW X5 | $12,490 | $6,245 | $1,041 |
| 18 | BMW X5 M | $16,621 | $8,310 | $1,385 |
| 18 | BMW X6 | $15,467 | $7,733 | $1,289 |
| 18 | BMW X6 M | $18,840 | $9,420 | $1,570 |
| 18 | BMW X7 | $15,940 | $7,970 | $1,328 |
| 18 | BMW XM | $17,679 | $8,839 | $1,473 |
| 18 | BMW Z4 | $11,513 | $5,757 | $959 |
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 | $2,962 | $1,481 | $247 |
| 40 | BMW 2 Series Gran Coupe | $2,962 | $1,481 | $247 |
| 40 | BMW 3 Series | $3,182 | $1,591 | $265 |
| 40 | BMW 4 Series | $3,564 | $1,782 | $297 |
| 40 | BMW 4 Series Gran Coupe | $3,637 | $1,818 | $303 |
| 40 | BMW 5 Series | $3,414 | $1,707 | $284 |
| 40 | BMW 7 Series | $4,827 | $2,413 | $402 |
| 40 | BMW 8 Series | $4,853 | $2,427 | $404 |
| 40 | BMW 8 Series Gran Coupe | $4,929 | $2,464 | $411 |
| 40 | BMW i4 | $3,726 | $1,863 | $310 |
| 40 | BMW i5 | $3,877 | $1,939 | $323 |
| 40 | BMW i7 | $5,480 | $2,740 | $457 |
| 40 | BMW iX | $3,916 | $1,958 | $326 |
| 40 | BMW M2 | $3,974 | $1,987 | $331 |
| 40 | BMW M3 | $4,699 | $2,349 | $392 |
| 40 | BMW M4 | $4,945 | $2,473 | $412 |
| 40 | BMW M8 | $5,552 | $2,776 | $463 |
| 40 | BMW M8 Gran Coupe | $5,985 | $2,993 | $499 |
| 40 | BMW X1 | $2,659 | $1,330 | $222 |
| 40 | BMW X2 | $2,626 | $1,313 | $219 |
| 40 | BMW X3 | $2,542 | $1,271 | $212 |
| 40 | BMW X3 M | $3,245 | $1,623 | $270 |
| 40 | BMW X4 | $2,991 | $1,495 | $249 |
| 40 | BMW X4 M | $3,455 | $1,728 | $288 |
| 40 | BMW X5 | $3,369 | $1,685 | $281 |
| 40 | BMW X5 M | $4,534 | $2,267 | $378 |
| 40 | BMW X6 | $4,134 | $2,067 | $344 |
| 40 | BMW X6 M | $5,067 | $2,533 | $422 |
| 40 | BMW X7 | $4,265 | $2,133 | $355 |
| 40 | BMW XM | $4,975 | $2,488 | $415 |
| 40 | BMW Z4 | $3,127 | $1,564 | $261 |
BMW car insurance rates by state
When it comes to insuring your BMW, your location can greatly affect your premiums. Rates vary significantly across states due to traffic conditions, accident rates, theft/vandalism, weather incidents and state laws. Below, you’ll find BMW car insurance for all the states in the U.S.
| State | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Alaska | $3,267 | $1,634 | $272 |
| Alabama | $3,463 | $1,732 | $289 |
| Arkansas | $4,147 | $2,074 | $346 |
| Arizona | $3,398 | $1,699 | $283 |
| California | $4,302 | $2,151 | $359 |
| Colorado | $4,969 | $2,485 | $414 |
| Connecticut | $3,747 | $1,873 | $312 |
| Washington, D.C. | $4,420 | $2,210 | $368 |
| Delaware | $3,558 | $1,779 | $297 |
| Florida | $3,771 | $1,886 | $314 |
| Georgia | $4,445 | $2,223 | $370 |
| Hawaii | $2,160 | $1,080 | $180 |
| Iowa | $3,538 | $1,769 | $295 |
| Idaho | $2,529 | $1,264 | $211 |
| Illinois | $3,604 | $1,802 | $300 |
| Indiana | $3,390 | $1,695 | $283 |
| Kansas | $4,222 | $2,111 | $352 |
| Kentucky | $4,921 | $2,461 | $410 |
| Louisiana | $6,119 | $3,060 | $510 |
| Massachusetts | $3,491 | $1,746 | $291 |
| Maryland | $3,460 | $1,730 | $288 |
| Maine | $2,665 | $1,332 | $222 |
| Michigan | $4,744 | $2,372 | $395 |
| Minnesota | $4,348 | $2,174 | $362 |
| Missouri | $5,126 | $2,563 | $427 |
| Mississippi | $4,200 | $2,100 | $350 |
| Montana | $4,267 | $2,134 | $356 |
| North Carolina | $3,148 | $1,574 | $262 |
| North Dakota | $3,665 | $1,833 | $305 |
| Nebraska | $4,385 | $2,192 | $365 |
| New Hampshire | $2,890 | $1,445 | $241 |
| New Jersey | $3,315 | $1,657 | $276 |
| New Mexico | $3,895 | $1,947 | $325 |
| Nevada | $3,213 | $1,607 | $268 |
| New York | $2,681 | $1,341 | $223 |
| Ohio | $2,575 | $1,287 | $215 |
| Oklahoma | $4,100 | $2,050 | $342 |
| Oregon | $3,434 | $1,717 | $286 |
| Pennsylvania | $3,770 | $1,885 | $314 |
| Rhode Island | $4,564 | $2,282 | $380 |
| South Carolina | $3,540 | $1,770 | $295 |
| South Dakota | $5,291 | $2,645 | $441 |
| Tennessee | $4,278 | $2,139 | $357 |
| Texas | $4,977 | $2,488 | $415 |
| Utah | $2,976 | $1,488 | $248 |
| Virginia | $2,678 | $1,339 | $223 |
| Vermont | $3,024 | $1,512 | $252 |
| Washington | $3,019 | $1,510 | $252 |
| Wisconsin | $2,970 | $1,485 | $248 |
| West Virginia | $3,638 | $1,819 | $303 |
| Wyoming | $4,177 | $2,089 | $348 |
Average car insurance cost for different vehicle makes
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If you’re looking for affordable BMW car insurance, it’s wise to choose vehicles designed with families in mind, such as small SUVs. These cars typically come equipped with advanced safety features, have smaller engines and are often driven by parents with children onboard. As a result, drivers tend to be more cautious, leading to 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
Smaller, budget-friendly BMW models with low-power engines are more affordable to insure than upscale or sporty versions. Entry-level base models have lower car insurance rates, but premiums increase as you move up to higher-level trims.
Family-friendly models equipped with various safety features can help keep your insurance premiums affordable. Advanced safety technologies like automatic emergency braking, backup cameras and blind spot detection often qualify for discounts.
“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, senior agent with A Plus Insurance. “If you are younger and 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, sports cars, and SUVs generally rank as the most expensive types of vehicles for car insurance. Luxury vehicles and sports cars often attract higher insurance rates because they are more likely to be stolen and cost more to repair or replace. On the other hand, SUVs, especially larger ones, can lead to higher premiums due to 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
To reduce the cost of your BMW insurance, ensure that you take advantage of all available discounts. Insurance companies offer a range of discounts that can significantly lower your premiums.
Discounts can be related to the vehicle you drive or your personal factors. Insurance companies often offer reduced premiums for vehicles equipped with advanced safety features such as automated emergency braking, lane departure warnings and driver alertness monitors.
In addition, installing an anti-theft system or purchasing a new car might lower your premiums since some insurance companies offer new car insurance discounts. Personal factors can also lead to significant savings, such as discounts for good drivers or good students if you have a teen added to 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 Honda 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 are the cheapest vehicle types to insure while luxury models and sporty sedans are more expensive. Pickup trucks tend to fall on the more affordable side of the insurance spectrum – until you get into the luxury trim levels.
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.
Remember to compare apples to apples when it comes to insurance quotes for different vehicle types. A luxury sedan will always cost more to insure than a minivan or mid-size SUV, so when comparing insurance quotes, be sure to compare the same vehicle types and coverage limits.
The same advice should be followed when comparing vehicles from different manufacturers. A luxury German sedan (BMW or Mercedes for example) will be more expensive to insure than a minivan or compact vehicle from another manufacturer, so always compare similar vehicle types and trim levels when shopping for a new vehicle or 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 lineup of models, and the cost to insure them varies based on several factors. Choosing an entry-level vehicle with a low MSRP, smaller engine and various safety features can help keep your insurance premiums affordable. On the other hand, choosing luxury or sporty models will typically increase the cost of coverage.
Shopping your coverage on a regular basis, asking for discounts and choosing the highest deductible you can easily afford are all great ways to save money on your coverage regardless of which BMW model you drive off the lot.
Frequently asked questions
Does my driving record impact how much I pay to insure my BMW?
Your driving history is one of the many factors affecting your BMW car insurance premiums. Maintaining a clean record typically results in lower premiums, but if you’ve had accidents, speeding infractions, or DUI convictions, you may face significantly higher rates.
Does the color of my BMW affect the insurance premium?
The color of your BMW does not impact your insurance premium. Insurers calculate rates based on factors such as the vehicle’s model, age, safety features and driving record.
How does the age of my BMW affect insurance costs?
Your BMW’s age can affect your insurance costs. Older models often benefit from lower premiums because they depreciate in value, but they lack the latest safety features and it may lead to a slight increase in rates. On the other hand, newer models tend to have higher premiums, as they are more expensive to repair or replace.
Resources & Methodology
Sources
- Insurance Information Institute. “Facts + Statistics: Teen Drivers.” Accessed July 2025.
- National Insurance Crime Bureau (NICB). “2023 Vehicle Theft Trends Report.” Accessed July 2025.
Methodology
CarInsurance.com commissioned Quadrant Information Services to get car insurance rates for different makes and models. The rates are based on sample profiles of 18 and 40-year-old male drivers carrying full coverage policy with limits of 100/300/100 and a $500 collision and comprehensive deductible.
To evaluate the premiums, we have compared 67,566,780 insurance quotes from 57 insurance companies across the nation.
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