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.
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 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.
insurance cost for BMW 3 series is $2,150 a year or $180 a month.Â
| 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 |
| 2023 | $243 | $2916 |
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.Â
Maine is the cheapest state to insure a BMW 328i with less than $100 monthly average, or a bit less than $1200 yearly.Â
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.
2023 BMW 330i insurance cost is $242 a month or $2,916 a year on average.
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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.Â
A 2021 BMW 7 Series insurance could cost up to $5,431 a year.Â
A 2022 BMW 7 Series insurance could cost up to $5,557 a year .Â
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 |
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.bmwakron.com/blogs/1468/buying-tips/gap-insurance-bmw-of-akron/
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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I just had an appalling experience trying to cancel my Mom's AAA insurance after she developed dementia and stopped driving. They threw up every barrier to what should have been a simple process, and even refused to accept my Power of Attorney documents electronically. The representative was extremely rude and copped an attitude. I think they refuse to close accounts so they can keep fraudulently charging non-driving seniors. This is a crooked company, and nobody should do business with them.
On May 10, 2023, I was involved in an accident with one of USAA's clients. Everything proceeded smoothly until they decided to give me the runaround in repairing my car or compensating me for its worth. The adjuster was nowhere to be found, and it took me a couple of months to receive any response from them. They informed me that my car was a total loss and provided a specific amount they were willing to pay for it via email, stating that I could dispute it if I could find a car in the same category with the same mileage within a 100-mile radius. Unfortunately, I couldn't find an exact match, but I did find a vehicle that was one year older and one year newer, so I disputed the price they were offering. They assured me they would get back to me in a couple of weeks, but I never heard from them again. Frustrated, I took the step of filing a complaint against them with the Texas Department of Insurance and the Office of the Attorney General. However, I received no assistance beyond the insurance company responding to me and denying my dispute without providing any tangible reasoning. This was after three months of back-and-forth since my car accident, with no access to a replacement vehicle or rental car. Now, it has been five months, and they are attempting to push the responsibility onto my own insurance. These actions indicate that these individuals are playing games with people's lives, and there seems to be no one holding them accountable. It is disheartening to realize that we live in a country that is supposed to protect average citizens from being taken advantage of by large companies like USAA, but this has proven to be far from the truth. I have lost trust in the entire system, and I am determined to stop paying insurance premiums to these corporate entities that seem only interested in taking our hard-earned money every day, without delivering the support they promise.
I was shopping for auto insurance on 11th September 2023. Liberty took$8614 out of my bank that same night without my permission. And now they will not return my hard earned money. Every time I call ,they give me sorry excuses. And now they tell me that ,yes we took your money by fraud. Go write your congressman. But we'll give it back to you in 15 days. Meanwhile my bills are piling. Liberty Mutual stole my money. Please avoid Liberty Mutual at every cost.
I have dealt with many auto insurance companies in my life time but none as deceitful as AAA!! I signed up with a AAA insurance agent back in March. The premium I was would be $138/month-(all good). The agent told me I had to pay 4 months in advance so I gave my credit card to pay for the 4 months including the current month. One month later I received my monthly invoice for payment. The amount due had jumped from $138 (monthly) to $276. I called AAA and they said this was because of an accident that occurred 5 months prior where the other driver was at fault, though the case was still had yet to be closed. AAA would not accept the quoted premium of $138/month. So I shopped for a new insurance policy. A division of Farmers Insurance (Toggle) sold me their auto policy which was superior to AAA at $118/month with only $500 deductible. I canceled AAA and jumped onto the Farmers policy. I contacted AAA to cancel the policy and requested the 3 months paid in advance be reimbursed to me. I was told that I would not be reimbursed and in fact I was still responsible for the premium payment of $276 - that this payment would not be forgiven. I have since filed a claim with the BBB (Better Business Bureau) and if this fails I will take AAA to small claims court. Prior to this experience I respected the AAA name. I've learned that this company is simply TOO BIG and feel they can take advantage of their customers at will. I have since canceled EVERYTHING AAA (roadside service and an insurance policy). This big business corporation is NOT TO BE TRUSTED!!!!
Total scam. Beware. They use drive easy app to bat and switch.
Not all those who wander are lost.
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