Ashlee Tilford Written by Ashlee Tilford
Why you can trust Insurance.com
At Insurance.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.
CAR INSURANCE
Car insurance insights

The average BMW car insurance rate across all the models is $2,651 annually for a 40-year-old driver. Read on to learn the insurance rates for all the popular BMW models.

BMW is a leading automobile manufacturer that produces some of the finest cars. The advanced features, speed, performance, and comfort that BMW models offer are incomparable to many other brands.

Luxury cars like the BMW can be expensive to insure because it costs more to repair or replace. The average BMW insurance cost across all the models is $3,296 a year for a 40-year-old driver. Your insurance rate may vary based on your zip code, the car model you own, and other factors like your driving record and age.

Read on to know the average car insurance rates for all the popular BMW models. It will help you make an informed decision when it comes time to budget for insurance.

car-icon

Average BMW car insurance cost by model

Of all the models surveyed for a 40-year-old driver profile by Insurance.com, the 2023 BMW M8 is the most expensive BMW model to insure, at $5,147 per year. While the cheapest BMW model to insure is X1, at a rate of $2,103 per year.

Find below the list of average BMW car insurance rates for 2023 -

Year and modelAverage annual premium
2023 BMW X1$2,103
2023 BMW X2$2,128
2023 BMW X3$2,370
2023 BMW 228i$2,409
2023 BMW 230i$2,484
2023 BMW 330i$2,541
2023 BMW 330e$2,581
2023 BMW Z4$2,611
2023 BMW X4$2,658
2023 BMW 430i$2,833
2023 BMW 530i$2,840
2023 BMW M240i$2,842
2023 BMW 530e$2,874
2023 BMW X5$2,910
2023 BMW M2$2,960
2023 BMW 540i$2,990
2023 BMW I4$3,043
2023 BMW M340i$3,066
2023 BMW M235i$3,219
2023 BMW M440i$3,317
2023 BMW X7$3,501
2023 BMW X6$3,553
2023 BMW iX$3,559
2023 BMW M3$3,649
2023 BMW 740i$3,668
2023 BMW M550i$3,709
2023 BMW Alpina$3,916
2023 BMW 840i$4,001
2023 BMW M4$4,103
2023 BMW M5$4,603
2023 BMW M850i$4,604
2023 BMW I7$4,849
2023 BMW 760i$4,871
2023 BMW M8$5,147

Choose Your Vehicle Model

BMW M4 insurance cost

BMW M4
M4 Highlights
  • MSRP range-$71,800 - $74,700
  • Trims available- coupe and competition
  • Average annual cost to insure- $3,632

The BMW M4 is redesigned for 2021 and is the coupe variant of the M3 sedan. It competes with the likes of Mercedes-AMG C 63 coupe, Audi RS 5, Ford Mustang, and Chevrolet Camaro.

The average cost to insure a BMW M4 is $3,632 a year for a 40-year-old driver.

The company states that BMW M4 coupe may be addictive. It offers a powerful M brake, cutting edge control and high precision engines.

Following is a list of BMW M4 insurance rates by model year -

Year and modelAverage annual premium
2023 BMW M4$3,632
2022 BMW M4$3,131
2021 BMW M4$2,927
2020 BMW M4$3,023
2019 BMW M4$3,099
2018 BMW M4$2,910
2017 BMW M4$2,884
2016 BMW M4$2,984

Compare BMW M4 car insurance rates by state

BMW X1 insurance cost

BMW X1
X1 Highlights
  • MSRP range- $35,400 - $37,400
  • Trims available- sDrive28i & xDrive28i
  • Average annual cost to insure- $2,103

The BMW X1 is a sleek and spacious SUV with all the latest tech and safety features. It is equipped with a powerful engine and offers the most cargo capacity, dynamic stability control, traction control, and comfort.

BMW X1 is the cheapest BMW to insure. The average cost to insure a BMW X1 is $2,103 per year based on the profile of a 40-year-old driver.

The table below details the BMW X1 car insurance rates by model year-

Year and modelAverage annual premium
2023 BMW X1$2,103
2022 BMW X1$1,750
2021 BMW X1$1,655
2020 BMW X1$1,727
2019 BMW X1$1,796
2018 BMW X1$1,752
2017 BMW X1$1,712
2016 BMW X1$1,673

Compare BMW X1 car insurance rates by state

BMW X3 insurance cost

BMW X3
X3 Highlights
  • MSRP range- $43,000 - $56,600
  • Trims available- sDrive30i, xDrive30i, M40i & xDrive30e
  • Average annual cost to insure- $2,368

The 2021 BMW X3 is an excellent choice for those looking to buy a small luxury SUV. Whether you want comfort, safety, performance, or advanced tech, BMW X3 has it all. It is the car of tomorrow, with advanced technology to make your life easier. Besides, it has earned five stars overall safety ratings from NHTSA.

The average BMW X3 car insurance cost is $2,368 a year or $197 a month for a 40-year-old driver.

Find below the BMW X3 car insurance rates by model year -

Year and modelAverage annual premium
2023 BMW X3$2,370
2022 BMW X3$1,948
2021 BMW X3$1,873
2020 BMW X3$1,989
2019 BMW X3$1,945
2018 BMW X3$1,876
2017 BMW X3$1,822
2016 BMW X3$1,777

Compare BMW X3 car insurance rates by state

BMW 3 series insurance cost

BMW 3 Series
BMW 3 series Highlights
  • MSRP range- $41,250 - $56,700
  • Trims available- 330i, M340i & 330e plug-in hybrid
  • Average annual cost to insure- $2,561

The BMW 3 Series sedan has been on the market for a few years now. The BMW 3 Series models offer amazing design features, engine efficiency, and innovative technology.

BMW 3 series configuration-

  • BMW 320i
  • BMW 328d
  • BMW 328i
  • BMW 328xi
  • BMW 330i
  • BMW 330e
  • BMW 335i
  • BMW 340i

Fine below the average annual insurance rates for BMW 3 Series by model year-

Year and modelAverage annual premium
2023 BMW 3$2,561
2022 BMW 3$2,117
2021 BMW 3$2,207
2020 BMW 3$2,123
2019 BMW 3$2,220
2018 BMW 3$2,217
2017 BMW 3$2,131
2016 BMW 3$2,046

Compare BMW 3 Series car insurance rates by state

BMW 5 series insurance cost

BMW 5 Series
BMW 5 Series Highlights
  • MSRP range- $54,200 - $76,800
  • Trims available- 530i, 530e plug-in hybrid, 540i, M550i
  • Average annual cost to insure- $2,901

The BMW 5 Series is a midsize luxury sports sedan that fits in fine between the smaller BMW 3 Series and the larger 7 Series. It's a perfect blend of power, engaging handling, and comfort.

The average BMW 5 series car insurance cost for 2023 is $2,901 a year for a 40-year-old driver.

BMW 5 series configuration-

  • BMW 528i
  • BMW 530e
  • BMW 530i
  • BMW 535D
  • BMW 535i
  • BMW 540i
  • BMW 550i

Following is a list of average BMW 5 series car insurance rates by model year-

Year and modelAverage annual premium
2023 BMW 5$2,901
2022 BMW 5$2,429
2021 BMW 5$2,347
2020 BMW 5$2,314
2019 BMW 5$2,450
2018 BMW 5$2,461
2017 BMW 5$2,455
2016 BMW 5$2,421

The insurance cost for BMW 5 Series may vary depending on where you live, your age, and your driving record. Make sure you shop around to find the best deal.

Compare BMW 5 Series car insurance rates by state

The Sources

  • 2021 BMW 3 series is awarded 2021 Top Safety Pick from Insurance Institute for Highway Safety.
  • The 2021 BMW X1 earned 5 stars overall rating from National Highway Traffic Safety Administration (NHTSA).
x
What can we help you find?