8+ years writing for major outlets, including MarketWatch and Business Insider
Master’s in Education
Taylor Mlam-Samuel is a personal finance writer and credentialed educator. When she’s not helping readers better save and spend money, she can be found teaching.
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Cheapest recent rates
Drivers have found policies from Aspire General, Kemper Economy, Clearcover, and more, for rates as low as $34/mo. through Insurify
*Quotes generated for Insurify users within the last 10 days. Last updated on December 2, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from December 2, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on December 2, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from December 2, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
BMW is the most-shopped luxury car brand and remains a popular pick for drivers who can afford its price tag. Models start at around $40,000 but can cost upwards of $150,000.
Due to the price range, car insurance costs for BMWs are, not surprisingly, higher than many other car brands. The average cost for a full-coverage BMW policy is $257 per month, while liability-only costs $172. Some insurance companies offer rates that are much lower than these averages, though.
Comparing car insurance rates can help you find affordable coverage. Here’s how to find the best coverage for your BMW.
Quick Facts
Depending on the BMW model, liability-only coverage costs range from $178 to $252 per month.
BMW car insurance is about $700 more per year than the national average for vehicle insurance.
If you finance or lease your BMW, your lender or leasing company will require you to carry full coverage on the vehicle.
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4.8/5
Cost of BMW insurance by model
Your BMW model affects the average cost of car insurance, but the price difference isn’t huge. Average monthly quotes for BMW liability insurance range from $178 to $252 — a $74 difference between the highest and lowest costs.
Here are the average BMW insurance costs for liability-only coverage based on car model.
BMW Model
▲▼
Average Monthly Quote
▲▼
3 Series
$214
5 Series
$218
X5
$195
X3
$178
X1
$193
6 Series
$234
7 Series
$235
4 Series
$252
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest BMW insurance by model
The model of your BMW affects how much you pay for car insurance. The 3 Series, 5 Series, and X5 are the most popular models, according to recent sales.[1] But like your BMW model, your insurer also influences how much coverage costs.
In the sections that follow, you’ll see how different insurers stack up for different BMW models.
BMW 3 Series
The 3 Series is a customer favorite. The manufacturer’s suggested retail price (MSRP) starts at $44,500, which is a mid-level price point for BMW. The insurance costs follow suit, with an average of $214 per month. USAA offers the cheapest rates, around $100 less expensive than the 3 Series average.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW 5 Series
The 5 Series is another top pick and one of the most popular models. Even though the starting price for the 5 Series is over $10,000 higher than the 3 Series, the average insurance costs for the two models are almost the same. The average price of full coverage is $234, but many insurers offer cheaper rates.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW X5
The X5 is the most popular SUV from BMW. Even though the car costs much more than the 3 Series and 5 Series, the average car insurance costs are actually cheaper. These lower insurance costs might be due to the car’s bigger size and enhanced safety features. USAA offers the lowest rates for this model as well.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW X3
As a subcompact SUV, the X3 is a solid family car at a lower price point. The average insurance rates for the X3 are some of the lowest, at $178 per month. Compared to the BMW X1, another subcompact SUV, the X3 is less expensive to insure. You can find the most competitive rates from the insurers below.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW X1
The X1 is another BMW subcompact SUV, and it’s even more affordable than the X3. But the average monthly cost of coverage is $193, which is slightly higher. Despite this, the X1 is still one of the cheapest BMW models to insure. USAA and State Farm offer the most competitive insurance rates.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW 6 Series
The BMW 6 Series is no longer in production, but you can still find used models.[2] BMW released the last model year of the 6 Series nearly five years ago before quietly discontinuing it. The older age of this model might account for the increased insurance costs, which are an average of $234 per month. You can find the best car insurance rates with the following insurers.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW 7 Series
As one of the most expensive BMW models, the 7 Series is also one of the most expensive models to insure. The MSRP starts at $96,400. Here are the insurance companies with the best rates for the 7 Series.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW 4 Series
The 4 Series is known for its sporty trim and handling, which might explain why it’s the most expensive model to insure. The average insurance cost for the 4 Series is $252 per month — nearly $75 more than the cheapest model to insure. USAA provides the most competitive rates, but various companies offer coverage at affordable rates.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Find Cheap BMW Car Insurance
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Best companies for BMW car insurance
The best companies for BMW car insurance combine top-notch coverage, competitive prices, and high customer satisfaction. As you search for insurance, consider which factors matter most to you. BMW drivers can usually find the best coverage options from State Farm, USAA, and GEICO.
Best for overall customer satisfaction: State Farm
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.3 /10
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.
$54/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.
$119/mo
4.2
Best choiceBased on 9085 verified guest reviews and ratings
How drivers feel about State Farm
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (4,997)
Sofia
December 1, 2024
Verified Review
State Farm
I would not recommend them as they are one of the more expensive insurance companies and many of them will overcharge you.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
A.M. Best
A.M. 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++
Why we picked this company
State Farm is the largest U.S. auto insurer by market share and has operated for more than 100 years. Available in all 50 states, State Farm stands out for its customer service, extensive discounts, and optional coverages. The insurer ranked fifth for overall customer satisfaction in the 2023 J.D. Power U.S. Auto Claims Satisfaction Study. Safe drivers can enjoy many State Farm discounts, including ones for young motorists who complete an approved driver training course, for having a vehicle with certain safety equipment, and for going three years or longer without violations or at-fault accidents.
Pros
High rates of customer satisfaction
Rideshare insurance available
Savings for bundling auto with home, renters, condo, or life insurance
Cons
No gap insurance offering
May not be the cheapest choice for drivers with violations
Accident forgiveness limited to longtime customers with clean driving records
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0 /10
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.
$54/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.
$118/mo
4.0
Best choiceBased on 10310 verified guest reviews and ratings
How drivers feel about GEICO
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (5,669)
Ronald
December 1, 2024
Verified Review
Best Insurance Company Ever
As usual, they make my life easy.
Dennis
November 29, 2024
Verified Review
Used to Have Low Rates, Not Anymore!
They were good until they started to raise my policy cost every six months for the last three years. I've never had an accident or claim, except for a windshield.
Timothy
November 28, 2024
Verified Review
3/5 Stars
I haven't had a claim yet, so I don't know how good they are. I'm not looking forward to a claim. Paying $100/month for one car seems very expensive, especially if driving less than 50 miles/day!
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74
A.M. Best
A.M. 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++
Why we picked this company
GEICO, a subsidiary of the Berkshire Hathaway Group, is the third-largest U.S. insurer by market share. In addition to auto insurance, GEICO sells homeowners, renters, flood, travel, life, and business insurance, among other products. The insurer offers numerous car insurance discounts to help drivers save. For example, drivers who are accident-free for five years could earn 22% off premiums, and good students could earn 15% off. GEICO’s National Association of Insurance Commissioners complaint index score is below average, meaning it receives fewer consumer complaints than average.
Pros
Good rates for good drivers, seniors, and young drivers
Accident forgiveness available
A+ (Superior) financial strength rating from AM Best
Cons
High rates for drivers with certain violations, like DUIs
No rideshare or new car replacement coverage available
Lower customer satisfaction scores from J.D. Power
Best for active-duty military members, veterans, and their families: USAA
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4 /10
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.
$45/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.
$99/mo
4.9
Best choiceBased on 1616 verified guest reviews and ratings
How drivers feel about USAA
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (921)
Fannie
November 29, 2024
Verified Review
Excellent
Excellent service.
Susan
November 25, 2024
Verified Review
New to USAA
I have had limited contact with USAA since I started working with them. I wish my car insurance and homeowners policy were less expensive. I drive less than 50 miles a week and feel I am paying too much.
Andrew
November 25, 2024
Verified Review
Great Insurance but Expensive
The customer service and claims process are outstanding.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35
A.M. Best
A.M. 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++
Why we picked this company
USAA exclusively serves current and former members of the military and their immediate families and is still the seventh-largest insurance company in the U.S. by market share. USAA offers banking, investing, and retirement services in addition to numerous insurance products, including auto, homeowners, renters, and more. Auto policyholders can qualify for discounts for bundling, insuring multiple vehicles, and living on a military base. AM Best gives USAA an A++ (Superior) financial strength rating, and the insurer ranked best in most regions in J.D. Power’s Overall Customer Satisfaction Index.
Pros
High customer satisfaction
Low premiums
SafePilot program rewards good driving with up to 30% discount
Cons
Only available to active-duty military, veterans, military spouses, or children of service members or veterans
No 24/7 customer phone support
Customer reviews are mixed for service and claims processing
BMW car insurance coverages
Even though it’s essential to consider the cost of coverage, you also need to review the insurance policy details, too.
Two types of coverage options are available — liability-only and full coverage. Full coverage is more robust and usually includes collision, comprehensive, and liability. Since BMW cars are generally more expensive to repair and replace, it usually makes sense to opt for full coverage. And if you’re financing your BMW through a loan or lease, your lender will probably require you to carry full coverage.
Here’s a look at some coverage options you may consider for your BMW.[3]
Bodily injury liability
This coverage helps pay for medical care for the other driver and their passengers when you cause an accident. This coverage is part of both full coverage and liability-only options.
Property damage liability
If you cause an accident, this policy helps cover the cost of vehicle repairs for the other driver when they file a claim. This coverage is present in both liability-only and full-coverage insurance packages.
Comprehensive
If your car has damage due to something other than a collision, including theft and vandalism, this coverage helps pay for repairs.
Collision
This coverage helps pay for your vehicle repairs, regardless of fault.
Medical payments or personal injury protection (PIP)
This policy helps pay for your medical expenses for injuries stemming from the accident.
Uninsured motorist coverage
If another driver causes an accident and doesn’t have coverage, this policy helps cover the cost of your vehicle repairs and medical expenses.
BMW car insurance FAQs
Choosing an insurance company for your BMW is a big decision. Here are some other auto insurance factors to consider.
Who has the cheapest BMW insurance?
The cheapest BMW insurance depends on the car model. The X3 is the cheapest to insure, with average monthly coverage costs of $178. But USAA offers average insurance rates of $110, significantly lower than the average. Different insurers might offer the most competitive rates for other BMW models.
Are BMWs expensive to insure?
The average cost to insure a BMW is higher than the national average cost of car insurance, which is $153 per month. The average price for insuring a BMW ranges from $178 to $252 for liability coverage. The car type affects how much you pay for car insurance, but other factors, like your age, ZIP code, driving record, marital status, and credit score, can also affect the cost.
How much does it cost to insure a BMW 4 Series?
The average insurance premiums for a BMW 4 Series are $302 per month for full coverage and $203 for liability-only. It’s one of the most expensive models to insure — nearly $100 higher than the average cost of BMW insurance.
Why does insurance cost so much for a BMW?
The average cost to insure a BMW is higher than the national average because BMWs are luxury vehicles. Car insurance companies consider your car’s make, model, and cost when determining your premiums. Your age, location, credit score, and other information also influence the price.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Kelley Blue Book. "BMW Remains Most-Shopped Luxury Brand While Toyota Widens Lead as Most-Shopped Non-Luxury Brand, According to Latest Kelley Blue Book Reports."
Taylor Milam-Samuel is a writer and credentialed educator who is fascinated by how people earn, save, and spend their money. When she's not researching financial terms and conditions, she can be found in the classroom teaching.
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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