Welcome to our BMW® Compare Page
Here you can learn more about Car Insurance Pricing and BMW, one of the leading car brands in the United States. We’ll compare the most affordable and expensive makes and models on average for car insurance in the US.
What Factors go into Insurance pricing?
The average car insurance payment can vary significantly depending on various factors. These factors include:
Location: Insurance rates can vary greatly by location. Urban areas tend to have higher rates due to increased traffic and higher risk of accidents, while rural areas often have lower rates.
Driver’s Age and Driving History: Young and inexperienced drivers often face higher insurance premiums. A clean driving record with no accidents or violations generally leads to lower rates.
Coverage Levels: The type and amount of coverage you choose significantly impact your insurance costs. Liability-only coverage is typically cheaper than comprehensive or collision coverage.
Deductible: Your deductible is the amount you’re responsible for paying before your insurance coverage kicks in. A higher deductible often results in lower premiums, but it means you’ll pay more out of pocket in the event of a claim.
Credit Score: In some regions, insurance companies use credit scores to help determine premiums. A higher credit score can lead to lower rates.
Discounts: Insurance companies offer various discounts, such as safe driver discounts, multi-policy discounts, and more. Taking advantage of these discounts can reduce your premiums.
Annual Mileage: The number of miles you drive annually can affect your rates. The more you drive, the higher the risk, and the higher your premiums may be.
World Luxury Car of the Year
The BMW 5 Series and its electric counterpart, the BMW i5, won the World Luxury Car of the Year award
J.D. Power quality award
Awarded to the brand who had the fewest problems reported by 100 car owners during the first 90 days of ownership.
Most Popular BMW Models
The most popular BMW model is typically the BMW 3 Series. Known for its balance of performance, luxury, and affordability within the BMW lineup, the 3 Series is BMW’s flagship compact sedan and has been one of the brand’s best-sellers for decades.
Several factors contribute to the BMW 3 Series’ popularity:
Sporty Performance: The 3 Series is known for its engaging driving dynamics, thanks to its powerful engines and rear-wheel-drive layout, with an option for all-wheel drive.
Luxury and Comfort: The 3 Series combines BMW’s premium interior materials and technology, providing both luxury and convenience.
Versatile Lineup: The 3 Series offers various trims and engine options, from the efficient 330i to the high-performance M340i and plug-in hybrid models, catering to a wide range of preferences and budgets.
Reputation and Heritage: As a core part of BMW’s lineup, the 3 Series has built a strong reputation for reliability, luxury, and performance, making it a popular choice among luxury car buyers.
Other popular BMW models include the BMW X5 (midsize SUV) and BMW 5 Series (midsize sedan), but the 3 Series remains BMW’s best-seller and most recognizable model globally.
Cheapest Models to Insure
The BMW 2 Series is typically the cheapest BMW model to insure. Available as a compact coupe, convertible, and in some markets a sedan, the 2 Series tends to have lower insurance premiums compared to other BMW models, particularly those in the luxury and high-performance categories.
Here’s why the 2 Series usually has lower insurance costs:
Compact Size and Lower Starting Price: The 2 Series is one of the most affordable cars in BMW’s lineup, with lower replacement and repair costs compared to larger or more powerful models.
Balanced Performance: While still sporty, the 2 Series doesn’t have the extreme performance specs of BMW’s M models or larger luxury models, which reduces the risk in insurers’ eyes.
Good Safety Features: The 2 Series includes BMW’s advanced safety features, such as forward-collision warning, automatic emergency braking, and lane departure warning, which help lower insurance costs.
The BMW X1 (BMW’s entry-level SUV) is also relatively affordable to insure compared to BMW’s larger SUVs and sedans. However, the 2 Series generally remains the most cost-effective BMW in terms of insurance premiums.
Most Expensive Models to Insure
The most expensive BMW models to insure are typically the BMW i8, BMW M8, and BMW 7 Series. These models have higher insurance premiums due to their luxury status, high-performance capabilities, and expensive components.
BMW i8 (Discontinued in 2020 but still expensive to insure used):
- Type: Hybrid sports car
- Reason for high insurance: The i8 is a high-performance sports car with a unique hybrid powertrain, advanced materials like carbon fiber, and a sleek design. Its specialized parts and repair costs, combined with high performance, lead to higher insurance premiums.
BMW M8 (Including M8 Competition):
- Type: High-performance luxury coupe/convertible
- Reason for high insurance: As part of BMW’s “M” lineup, the M8 has a powerful engine, high-speed capability, and luxury features. Sports cars like the M8 have higher insurance premiums due to the increased risk associated with their speed and potential for costly repairs.
BMW 7 Series:
- Type: Full-size luxury sedan
- Reason for high insurance: The 7 Series is BMW’s flagship luxury sedan, packed with advanced technology, safety features, and luxurious materials. Its high replacement and repair costs contribute to higher insurance rates.
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