Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Written by Sara Routhier
Director of Outreach

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 22, 2022

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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

What is the cost of BMW car insurance?

The true cost to own a BMW can be difficult if you don’t get a few insurance quotes before buying a new one. The average cost of car insurance for a BMW is north of $1,750 per year for a Series 2 or 3 BMW. If you prefer the Series 7 or M5, or M6, the average cost of car insurance is north of $2,500 per year. Either way, if you decide to get a luxury BMW, you will pay 20 to 25% more for car insurance than average rates for a typical car.

Make sure to shop around for multiple car insurance carriers when you purchase a new or used BMW. With comparison shopping, you have a better chance to find the best rates for your BMW. You can use to do your comparison shopping for you. Just enter your zip code and let the system do its work. No hassle.

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Cheapest car insurance companies for a BMW

If you’re looking to save money on car insurance for your BMW, our licensed agents suggest American FamilyErie InsuranceGEICO, and Texas Farm Bureau. American Family offers quotes 21% lower than average rates. Erie offers quotes 24% lower than average rates for many model BMWs. Depending on the model, GEICO can offer the lowest insurance rates for BMWs.

We used a 30-year-old driver with a good driving record when we made our quote comparison. Remember, auto insurers use many risk factors to determine your BMW rate, so make sure to comparison shop.

Allstate, Travelers, and 21st Century are among the priciest major companies for BMW insurance.

Some of the best states to buy insurance coverage for a BMW are (click for the least expensive ratesGeorgiaKentuckyNew YorkOhio, and Tennessee. If you are shopping for insurance coverage for your BMW in those states, you should comparison shop to get below average rates.

With, you can quickly compare BMW car insurance rates across many insurance companies to help find the best coverage for the best price, specifically for your BMW.

Make sure to comparison shop before making a new BMW purchase to save money.

Pick your model below to find the cheapest coverage rates to save money.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

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