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Ben Luthi is a Utah-based insurance writer for Compare.com. With more than a decade of experience covering various insurance and personal finance topics, Ben is passionate about helping people make smart decisions with their money. His work has appeared on a variety of well-known personal finance websites, including the Wall Street Journal, Fortune, Credit Karma, Yahoo! Finance, Experian, NerdWallet, Insurify, and many more.
Ben has been writing for Compare.com since 2025.
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Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
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BMW car insurance costs an average of $187 per month, which is higher than the national average for all vehicles. Luxury vehicles like BMWs tend to have higher repair and replacement costs.
For drivers who want to experience the performance and prestige of a BMW, the higher insurance cost may be a worthwhile trade-off. But with proper coverage and a clean driving record, it’s still possible to find a policy that balances protection with affordability.
Here’s what you need to know about BMW car insurance and how to maximize your savings on coverage.
BMW owners pay a monthly average of $133 for liability coverage and $242 for full-coverage insurance.
The M4 is the most expensive BMW model to insure, while the Z4 is the least expensive.
Travelers, Nationwide, and Safeco offer the cheapest rates and best overall coverage for BMW drivers.
Below, we highlight the average cost to insure a BMW for liability-only and full coverage. The table also shows how these rates stack up against national averages for all vehicles, according to our data.
Vehicle Type  | Average Monthly Premium: Liability Coverage | Average Monthly Premium: Full Coverage | Overall Average for All Policies |
|---|---|---|---|
| BMW | $133 | $242 | $187 |
| All makes | $108 | $193 | $150 |
BMW drivers pay an average of $133 per month for liability-only insurance and $242 for full coverage — both notably higher than the national averages of $108 and $193, respectively. Overall, BMW drivers pay an average of $37 more per month than the typical U.S. driver.
One key factor that affects your car insurance rate is the specific BMW model you drive. Some models come with more advanced safety features, while others may be more expensive to repair or more likely to be targeted for theft, all of which can affect your premium.[1]
Your insurance rate also depends heavily on the type of coverage you choose. Most U.S. states require basic liability insurance, which covers injuries or property damage you cause to others.
Full coverage includes liability along with collision and comprehensive protection. The latter two help cover repairs or replacement if you have vehicle damage caused by an accident, theft, bad weather, or vandalism. If you have an outstanding loan or lease on your BMW, your lender or leasing company may require full coverage.[2]
Here’s how insurance costs compare across different BMW models, according to our research.
Model | Average Liability Premium | Average Full-Coverage Premium |
|---|---|---|
| 1 Series | $122 | $223 |
| 2 Series | $149 | $270 |
| 3 Series | $131 | $237 |
| 4 Series | $149 | $270 |
| 5 Series | $134 | $244 |
| 6 Series | $134 | $243 |
| 7 Series | $143 | $261 |
| i3 | $114 | $206 |
| M3 | $140 | $254 |
| M4 | $177 | $321 |
| X1 | $121 | $221 |
| X2 | $127 | $230 |
| X3 | $118 | $214 |
| X4 | $141 | $256 |
| X5 | $122 | $221 |
| X6 | $145 | $264 |
| Z4 | $105 | $190 |
The cheapest BMW model to insure is the Z4, at an average of $190 per month for full coverage. In contrast, M4 drivers pay an average of $321 per month.
Fortunately, you can save on your premiums by checking out insurance companies that offer the cheapest rates.
Comparing quotes can save you up to $867.†
Regardless of average insurance costs, you still have ways to save money on your BMW car insurance. Shopping around and comparing rates is one of the most effective strategies. That’s why it’s essential to get quotes from multiple insurers.
Start with the five cheapest companies for BMW insurance in the table below, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Travelers | $101 |
| Nationwide | $108 |
| Safeco | $124 |
| Clearcover | $125 |
| State Auto | $127 |
Travelers has the cheapest average monthly premium for BMWs, at $101 per month, according to Compare.com data. While these companies offer the lowest average premiums, it’s important to remember that the best insurer for you will depend on your specific situation, including your driving record, location, and the model of BMW you own.
Next, we’ll highlight some of the best insurance companies for BMW drivers based on their different driving profiles and coverage priorities.
No one insurer offers the perfect combination of coverage and price for every BMW driver, so shopping around is essential. To help you narrow down your options, we’re spotlighting three top car insurance companies for BMW owners.
We chose each company based on factors like average premiums, available discounts, customer reviews, and coverage flexibility.
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | NR |
Drivers value the reliable coverage but find the policy costs high and the rate increases too frequent. Communication and claim settlement speed also need improvement.
Drivers value the reliable coverage but find the policy costs high and the rate increases too frequent. Communication and claim settlement speed also need improvement.
Travelers stands out for its affordable premiums and extensive discount options, making it a strong pick for BMW drivers looking to save. You could qualify for extra savings if you drive a plug-in hybrid or maintain a clean driving record. Just be aware that Travelers’ claims satisfaction ratings are below the industry average, and coverage isn’t available in all 50 states.
Competitive rates for BMWs
Many discounts available
Offers gap insurance and accident forgiveness
Below-average claims satisfaction[3]
Must call to complete your policy
Not available nationwide
| J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 641 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $93/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $174/mo |
Drivers appreciate the available discounts but dislike the high prices and lack of communication.
Drivers appreciate the available discounts but dislike the high prices and lack of communication.
Nationwide gives drivers plenty of flexibility when it comes to customizing their car insurance. From rental reimbursement and roadside assistance to gap insurance and accident forgiveness, the company offers a wide range of optional coverages to suit different needs and budgets.
You can also benefit from programs like SmartRide and SmartMiles, which reward safe or low-mileage driving with potential savings. But Nationwide policies aren’t available everywhere. Drivers in Alaska, Hawaii, Louisiana, and Massachusetts will need to explore other companies.
Usage-based car insurance available
Optional add-ons available
High claims satisfaction rating
Fewer discounts than some competitors
Rideshare coverage not available
Only available in 46 states
| User Reviews | NR |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | NR |
Customers appreciate the accessible and friendly customer service but are unhappy with the significant and frequent price increases, especially for those with safe driving records.
Customers appreciate the accessible and friendly customer service but are unhappy with the significant and frequent price increases, especially for those with safe driving records.
It’s good to shop around for coverage regularly to ensure you’re getting the best coverage for the right price. But Safeco offers benefits that can keep you loyal for longer. The insurer offers accident forgiveness if you remain accident-free for a set number of years, and you can save up to $500 on your deductible over five years for remaining claims-free.
You can also get 2.5% of your premium back for each six-month period in which you don’t make a claim. That said, the insurer isn’t available everywhere, and if you’re looking for a completely online quote and purchase experience, you’ll need to go elsewhere.
Loyalty benefits available
Cash-back rewards for no claims
Includes new vehicle replacement
Few discounts available
Must work with an agent to get a quote
Only available in 35 states
Compare quotes from top insurers and get coverage at the best price.
Your location plays a big role in how much you’ll pay to insure a BMW. Insurance companies factor in local risk levels, including accident frequency, vehicle theft rates, and incidents of vandalism when setting premiums.
In addition to driving risks, regional differences in repair costs, legal expenses, and insurance fraud also influence what you’ll pay. Use the map below to see how average BMW insurance rates in your state stack up against the national average and neighboring states, according to our data.
state_id | Average Monthly Premium |
|---|---|
| Alabama | $123 |
| Arizona | $165 |
| Arkansas | $237 |
| California | $238 |
| Colorado | $193 |
| Connecticut | $376 |
| Delaware | $229 |
| Florida | $242 |
| Georgia | $245 |
| Idaho | $124 |
| Illinois | $154 |
| Indiana | $133 |
| Iowa | $112 |
| Kansas | $152 |
| Kentucky | $242 |
| Louisiana | $223 |
| Maine | $147 |
| Maryland | $340 |
| Massachusetts | $186 |
| Michigan | $290 |
| Minnesota | $186 |
| Mississippi | $186 |
| Missouri | $181 |
| Montana | $150 |
| Nebraska | $174 |
| Nevada | $295 |
| New Hampshire | $113 |
| New Jersey | $196 |
| New Mexico | $143 |
| New York | $476 |
| North Carolina | $92 |
| North Dakota | $143 |
| Ohio | $126 |
| Oklahoma | $160 |
| Oregon | $159 |
| Pennsylvania | $161 |
| Rhode Island | $142 |
| South Carolina | $271 |
| South Dakota | $120 |
| Tennessee | $139 |
| Texas | $219 |
| Utah | $180 |
| Vermont | $134 |
| Virginia | $179 |
| Washington | $138 |
| District of Columbia | $281 |
| West Virginia | $143 |
| Wisconsin | $126 |
| Wyoming | $120 |
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Finding the cheapest rate is essential, but the real goal is getting coverage that fits your lifestyle, finances, and how you use your BMW. As a luxury vehicle brand, BMWs often come with higher repair costs and greater theft risk, so getting the wrong coverage can leave you vulnerable.
Here’s how to determine the right policy for you:
Know your vehicle’s value and repair costs. BMW repairs can get expensive, especially if they have advanced technology, sensors, or imported parts. If you drive a newer model or a high-performance version like an M Series, consider buying a full-coverage policy to protect your investment.
Understand the difference between liability and full coverage. Liability insurance covers damage and injuries you cause to others. Full coverage includes collision and comprehensive insurance, which can cover repair costs to your vehicle. Either way, you’ll need to meet your state’s minimum liability limits.
Consider your financing or lease agreement. If you lease or finance your BMW, your lender will likely require full coverage, including specific deductibles. Make sure you understand these requirements before shopping for a policy.
Think about your driving habits and location. You’ll want to consider whether you drive your BMW daily or weekends only and if you live in a high-theft area or somewhere with extreme weather. Factors like these should help you decide if you need additional coverage, such as comprehensive insurance or roadside assistance.
Factor in optional add-ons. BMW owners might benefit from add-ons like new car replacement, gap insurance, or OEM parts coverage to ensure repair shops use original manufacturer parts. Weigh the cost of these extras against how much value they provide you.
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While insurance premiums for BMWs are typically higher than the average vehicle, you have several ways to reduce your costs without sacrificing essential coverage:
Skip extras you don’t need. If you don’t drive your BMW daily or you’ve paid it off, you might not need optional coverages like rental reimbursement, gap insurance, or roadside assistance. Trimming these could reduce your premium.
Opt for a higher deductible. Choosing a higher deductible on your collision and comprehensive coverage can significantly lower your monthly premium — especially for newer BMWs with higher base values.
Limit high-performance trim levels or modifications. M Series models, sport packages, and aftermarket upgrades tend to raise your insurance rate due to increased repair costs and risk factors.
Drive safely, and keep your mileage low. BMWs often come equipped with advanced safety tech. Combine this with a clean driving record and lower annual mileage to earn usage-based discounts.
Shop around, and compare quotes. BMW insurance rates vary widely between companies. Comparing car insurance quotes regularly can help you get the best price for the coverage you need.
Get the coverage you need for your BMW at the best price.
We answered some common questions drivers have about BMW insurance.
Yes. The average driver pays $187 per month to insure a BMW, compared to $150 per month for all vehicles nationally, according to Compare.com data.
BMWs are luxury vehicles with higher price tags and high-quality features that are more expensive to repair or replace than non-luxury vehicles.
The most expensive BMW model to insure is the M4, which runs an average of $321 per month, according to our research.
The value of your BMW’s insurance coverage will depend on the coverages you choose, your limits and deductibles, and the insurance company you decide to buy your policy from.
It depends. If you’re considering buying your first BMW, your insurance costs will depend on several factors, including the model you choose, where you live, and your insurance company.
No. Getting insurance for a BMW isn’t hard. But you can expect to pay more for a luxury vehicle like a BMW. Consider your budget to determine if it’s the right car brand for you, and always shop around and compare rates.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Ben Luthi is a Utah-based insurance writer for Compare.com. With more than a decade of experience covering various insurance and personal finance topics, Ben is passionate about helping people make smart decisions with their money. His work has appeared on a variety of well-known personal finance websites, including the Wall Street Journal, Fortune, Credit Karma, Yahoo! Finance, Experian, NerdWallet, Insurify, and many more.
Ben has been writing for Compare.com since 2025.
Lequita Westbrooks is an insurance editor at Compare.com. Her writing and editing experiences span several industries, including insurance, personal finance, higher education, and more. She excels at explaining complex topics like auto insurance in simple, easy-to-understand language and is passionate about helping readers save money. Lequita graduated from the University of South Florida, where she earned her Bachelor’s degree in English.
