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Insurance for BMW Vehicles

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: May 1, 2020

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The table below lists average insurance rates for BMW vehicles. Additional models are shown at the end of the article

Insurance Rates for BMW Vehicles
Vehicle Model Annual Premium Monthly Premium
BMW M3 $1,818 $152
BMW M5 $2,044 $170
BMW M6 $2,354 $196
BMW X3 $1,562 $130
BMW X5 $1,724 $144
BMW X6 $1,876 $156
BMW Z4 $1,530 $128
Get Rates for Your Model Go

Rates assume current model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

View Chart as Image

Average insurance cost for BMW vehicles
Column chart showing average insurance prices for BMW vehicles range from $1,028 to $6,496 for full coverage

The above chart uses the average vehicle rating data for all BMW vehicles in the above table as an example of how different situations can have a huge impact on auto insurance prices.

Insurance rates for a BMW are quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Choosing high deductibles can save as much as $870 every year, whereas increasing liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase rates by as much as $335 more per year

View Chart as Image

BMW insurance by deductible and liability limit

More mature drivers with a clean driving record and higher deductibles may pay as little as $1,700 annually on average for full coverage. Rates are highest for teenage drivers, since even excellent drivers can expect to pay at least $6,400 a year.

If you have some driving violations or you were responsible for an accident, you could be paying $2,200 to $2,900 extra each year, depending on your age. Insurance for high-risk drivers ranges as much as 45% to 134% more than average.

View Chart as Image

BMW insurance by risk and age

The state you live in plays a big part in determining prices for BMW insurance prices. A good driver about age 40 could pay as low as $1,210 a year in states like Iowa, Maine, and Idaho, or as much as $2,630 on average in Montana, Louisiana, and Michigan.

BMW Vehicle Average Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,656 -$176 -9.6%
Alaska $1,406 -$426 -23.3%
Arizona $1,520 -$312 -17.0%
Arkansas $1,832 -$0 0.0%
California $2,088 $256 14.0%
Colorado $1,752 -$80 -4.4%
Connecticut $1,884 $52 2.8%
Delaware $2,074 $242 13.2%
Florida $2,294 $462 25.2%
Georgia $1,692 -$140 -7.6%
Hawaii $1,318 -$514 -28.1%
Idaho $1,240 -$592 -32.3%
Illinois $1,366 -$466 -25.4%
Indiana $1,380 -$452 -24.7%
Iowa $1,238 -$594 -32.4%
Kansas $1,742 -$90 -4.9%
Kentucky $2,500 $668 36.5%
Louisiana $2,712 $880 48.0%
Maine $1,130 -$702 -38.3%
Maryland $1,512 -$320 -17.5%
Massachusetts $1,466 -$366 -20.0%
Michigan $3,182 $1,350 73.7%
Minnesota $1,534 -$298 -16.3%
Mississippi $2,196 $364 19.9%
Missouri $1,626 -$206 -11.2%
Montana $1,968 $136 7.4%
Nebraska $1,446 -$386 -21.1%
Nevada $2,198 $366 20.0%
New Hampshire $1,320 -$512 -27.9%
New Jersey $2,048 $216 11.8%
New Mexico $1,622 -$210 -11.5%
New York $1,930 $98 5.3%
North Carolina $1,056 -$776 -42.4%
North Dakota $1,500 -$332 -18.1%
Ohio $1,264 -$568 -31.0%
Oklahoma $1,882 $50 2.7%
Oregon $1,678 -$154 -8.4%
Pennsylvania $1,750 -$82 -4.5%
Rhode Island $2,444 $612 33.4%
South Carolina $1,662 -$170 -9.3%
South Dakota $1,546 -$286 -15.6%
Tennessee $1,606 -$226 -12.3%
Texas $2,208 $376 20.5%
Utah $1,358 -$474 -25.9%
Vermont $1,254 -$578 -31.6%
Virginia $1,098 -$734 -40.1%
Washington $1,416 -$416 -22.7%
West Virginia $1,680 -$152 -8.3%
Wisconsin $1,270 -$562 -30.7%
Wyoming $1,632 -$200 -10.9%

Since rates can be so different, the only way to know who has the cheapest rates is to do a rate comparison and see which company has the best price. Each auto insurer uses a different rate calculation, so the rates may be quite different.

Additional BMW Vehicles


U.S. averages for full coverage BMW vehicle insurance

Average Policy Cost $1,832
Comprehensive Premium $458
Collision Premium $844
Liability Premium $372

National average data is compiled from all 50 U.S. states for the BMW models in the rate table on this page. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record.

Rates by Driver Age

BMW Vehicle Insurance Rates by Driver Age
Driver Age Premium
16 $6,496
20 $4,220
30 $1,936
40 $1,832
50 $1,670
60 $1,636

Full coverage, $500 deductibles

Rates by Deductible

BMW Vehicle Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,406
$250 $2,140
$500 $1,832
$1,000 $1,536

Full coverage, driver age 40

Rates for High Risk Drivers

BMW Vehicle Insurance Rates for High Risk Drivers
Age Premium
16 $9,342
20 $6,708
30 $4,080
40 $3,966
50 $3,778
60 $3,744

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $258

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $100
Multi-vehicle $93
Homeowner $24
5-yr Accident Free $146
5-yr Claim Free $120
Paid in Full/EFT $92
Advance Quote $95
Online Quote $134
Total Discounts $804
Rate after discounts $1,028

Discounts are estimated and may not be available from every company or in every state.

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