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BMW Car Insurance Cost & Cheap Quotes (2022)

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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 auto insurance quotes for it.

From our research, the overall average BMW car insurance cost for all models is about $180 a month or $2150 a year. While costs vary depending on many factors including the model, that's still more than twice the national car insurance average rates...

Our great average car insurance cost per month research has found 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. Top 2020 and 2021 BMW 7 Series insurance cost may get up to over $5,000 a year or $417 a month, while 2020 and 2021 BMW X Series and BMW 2 Series insurance cost may be as affordable as $1,850 a year or $158 a month. We know, that's a lot to digest, but it will help you be a more knowledgeable insurance customer.

Like all other insurance policies, costs always vary depending on so many factors. Vehicle models differ in 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 Model Average insurance cost per month Average insurance cost per year
1 Series $200 $2,400
2 Series $200 $2,400
3 Series $180 $2,150
4 Series $215 $2,575
5 Series $170 $2,050
6 Series $160 $1,900
7 Series $170 $2,050
i3 $180 $2,160
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 $192 $2,300
X2 $200 $2,383
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.

2018 BMW i8 insurance cost is even slightly cheaper, averaging $176.25 per month, or $2,115 per year.

2019 BMW i8 insurance cost is even slightly cheaper, averaging $177.5 per month, or $2,130 per year.

2020 BMW i8 insurance cost is even slightly cheaper, averaging $183.58 per month, or $2,203 per year.

BMW 3 Series Insurance Cost

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

INSURANCE COST FOR BMW 328I

Year Cost Per Month Cost 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 $180 $2,250
2019 $213 $2,550
2020 $225 $2,700
2021 $217 $2,600
2022 $236 $2,832

The national average insurance cost for a BMW 328i is $150 a month or $1,800 a year, which makes it the cheapest BMW to insure. 

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.

2010 BMW 328i insurance cost is $121 per month or $1,450 per year on average.

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

2012 BMW 328i insurance cost is $128 per month or $1,530 per year on average.

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

2014 BMW 328i insurance cost is $133 per month or $1,580 per year on average.

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.

2017 BMW 328i insurance cost is $150 per month or $1,800 per year on average.

BMW 328i was discontinued in 2017 and replaced by 330i.

2018 BMW 330i insurance cost is $180 a month or $2,250 a year on average.

2019 BMW 330i insurance cost is $213 a month or $2,550 a year on average.

2020 BMW 330i insurance cost is $225 a month or $2,700 a year.

2021 BMW 330i insurance cost is $217 a month or $2,600 a year on average.

2022 BMW 330i insurance cost is $236 a month or $2,832 a year on average.


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BMW X1 Insurance Cost

The average insurance cost for BMW X1 is $192 a month or $2,300 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.

A 2020 BMW 7 Series insurance could cost up to $5,250 a year. 

A 2021 BMW 7 Series insurance could cost up to $5,431 a year. 

A 2022 BMW 7 Series insurance could cost up to $5,557 a year . 

Cheapest BMW to Insure

Based on our research as well as the cheapest car to insure research, the cheapest BMW to insure is BMW 328i, averaging $150 a month or $1800 a year across all model years. The cheapest BMW 328i to insure is a 2007 BMW 328i, with an average insurance cost of only $85 a month, or $1,000 a year.

A full breakdown of BMW 328i insurance cost by year can be found below.

For your convenience, please find below the list of the cheapest BMW models to insure to the most expensive BMW to insure:

BMW Model Average insurance cost per month Average insurance cost per year
328i $150 $1,800
M4 $160 $1,900
M6 $160 $1,900
6 Series $160 $1,900
i8 $165 $2,000
5 Series $170 $2,050
7 Series $170 $2,050
M3 $170 $2,050
X6 $170 $2,050
3 Series $180 $2,150
X3 $180 $2,150
X5 $180 $2,150
i3 $180 $2,160
X1 $192 $2,300
X2 $200 $2,383
1 Series $200 $2,400
2 Series $200 $2,400
4 Series $215 $2,575
M2 $242 $2,900
X4 $240 $2,900
M5 $270 $3,250

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BMW GAP INSURANCE COST

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 COST

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.

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