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BMW Car Insurance Cost (2020 updated)

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insurance > car insurance quotes > average car insurance cost per month > BMW insurance cost

BMW CAR INSURANCE COST

If you're wondering how much does BMW insurance cost, you should know that car insurance for BMW can get quite expensive, but knowing the average BMW insurance cost and which BMW model is the cheapest to insure in advance will certainly help you make a better and more informed decision when shopping car insurance for it. 


From our research, the overall average BMW car insurance cost is about $180 a month or $2150 a year. That's more than twice the national car insurance average rates...

The chart on our average car insurance cost research teaches us that the average BMW car insurance cost (for 30 year old drivers) on model year 2017 is $292 a month or $3,500 a year. For model year 2019 it averages $304 a month or $3,650 a year. That's even more expensive.

Like all other insurance policies, costs always vary depending on multiple factors. Car models change the rates dramatically. 


BMW INSURANCE COST BREAKDOWN BY MODEL

For your convenience, please find the average BMW car insurance cost per month and per year by model below.

BMW ModelAverage insurance cost per monthAverage insurance cost per year
2 Series$240$2,900
3 Series$180$2,150
4 Series$240$2,900
5 Series$170$2,050
6 Series$160$1,900
7 Series$170$2,050
i3$110$1,300
i8$165$2,000
M2$240$2,900
M3$170$2,050
M4$160$1,900
M5$270$3,250
M6$160$1,900
328i$150$1,800
X1$190$2,200
X2$240$2,900
X3$180$2,150
X4$240$2,900
X5$180$2,150
X6$170$2,050


BMW I8 INSURANCE COST

BMW i8 insurance cost is about $165 per month or $2,000 a year on average, which makes BMW i8 car insurance among the cheapest BMW models to insure.

2017 BMW i8 insurance cost is even slightly cheaper, averaging $160 per month, or $1,900 per year.


INSURANCE COST FOR BMW 328I

YearCost Per MonthCost Per Year
2007$85$1,000
2008$110$1,320
2009$117$1,400
2010$121$1450
2011$125$1,500
2012$128$1,530
2013$130$1,550
2014$133$1,580
2015$135$1,600
2016$140$1,700
2017$150$1,800
2018$160$1,920
2019$170$2,040

The national average insurance cost for BMW 328i is $150 a month or $1,800 a year. 

Maine is the cheapest state to insure a BMW 328i with less than $100 monthly average, or a bit less than $1200 yearly. 

On the other side, Georgia is the most expensive state to insure your BMW 328i with average insurance cost of $3,400 a year or $280 a month.

2007 BMW 328i insurance cost will be approximately $85 per month or $1,000 a year for a 30 year old male driver with a clean driving record, who served in the military and owns a home.

2008 BMW 328i insurance cost is $110 a month or $1,320 a year on average.

2009 BMW 328i insurance cost is $117 a month or $1,400 a year.

2011 BMW 328i insurance cost is estimated at $125 per month or $1,500 per year on average.

2013 BMW 328i insurance rates are slightly higher, averaging $130 a month or $1,550 a year.

2015 BMW 328i insurance cost is $135 per month or $1,600 per year on average.

2016 BMW 328i insurance cost is $140 a month or $1,700 a year on average.

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The general average insurance for BMW 3 series cost is $2,150 a year or $180 a month. 

The average BMW X1 insurance cost is $190 a month or $2,200 a year.

The average BMW X5 insurance cost is $180 a month or $2,150 a year.

A 2019 BMW 7 Series insurance could cost up to $4,900 a year, as compared to insurance of an older model, for example, a 2013 BMW X1, that costs as low as $2,459 annually on average. 

BMW GAP INSURANCE

BMW GAP insurance cost is approximately $20 a year. 

To find more information regarding BMW GAP insurance, take a look at the following pages:

https://www.bmwofchampaign.com/assets/d242/pdf/gap-protection.pdf

https://www.bmwakron.com/blogs/1468/buying-tips/gap-insurance-bmw-of-akron/


BMW TIRE INSURANCE

BMW tire insurance cost can get expensive, especially if you do the mistake and buy it from the car dealership. This mistake can get your BMW wheel and tire insurance to up to $3,500-$4,000 a year!!

Getting your BMW tire insurance directly from the car provider, on the other hand, can get you covered on the program for merely $1.1K a year. If you go for a 3 year plan, it can cost you even less, $1,800 for 3 years on average, which is significantly cheaper! 

So our take is this, ask for long term deals directly from your car provider and never buy it from your dealership.

GET THE CHEAPEST BMW INSURANCE QUOTES

Get all the best quotes from leading providers in a click of a button!

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