Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw is $2,538 per year or $212 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
The auto insurance rates also change based on the vehicle’s model year. For example, the 2020 Bmw costs $2,538 per year, whereas the 2019 Bmw costs $2,601 annually. State Farm offers the cheapest annual rate for 2020 Bmw $1,867 per year.
Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.
Average insurance cost of Bmw by model year
Year of Bmw Model | Average Cost to Insure |
---|
2020 | $2,538 |
2019 | $2,601 |
2018 | $2,525 |
2017 | $2,465 |
2016 | $2,354 |
Compare BMW X4 Insurance Rates by State
2020 Bmw Insurance Rates
Average Cost to Insure
$2,538
Annual Cheapest Rate
$1,867
Available Trims
n/a
Rank | Companies | Average Premium |
---|
1 | State Farm | $1,867 |
2 | Progressive | $1,996 |
3 | Geico | $2,315 |
4 | Nationwide | $2,358 |
5 | Farmers | $2,595 |
6 | Allstate | $4,097 |
2019 Bmw Insurance Rates
Average Cost to Insure
$2,601
Annual Cheapest Rate
$1,863
Available Trims
n/a
Rank | Companies | Average Premium |
---|
1 | State Farm | $1,863 |
2 | Nationwide | $2,321 |
3 | Progressive | $2,398 |
4 | Geico | $2,411 |
5 | Farmers | $3,071 |
6 | Allstate | $3,541 |
2018 Bmw Insurance Rates
Average Cost to Insure
$2,525
Annual Cheapest Rate
$1,816
Available Trims
n/a
Rank | Companies | Average Premium |
---|
1 | State Farm | $1,816 |
2 | Nationwide | $2,277 |
3 | Geico | $2,299 |
4 | Progressive | $2,330 |
5 | Farmers | $3,031 |
6 | Allstate | $3,399 |
2017 Bmw Insurance Rates
Average Cost to Insure
$2,465
Annual Cheapest Rate
$1,779
Available Trims
n/a
Rank | Companies | Average Premium |
---|
1 | State Farm | $1,779 |
2 | Geico | $2,202 |
3 | Nationwide | $2,289 |
4 | Progressive | $2,299 |
5 | Farmers | $2,961 |
6 | Allstate | $3,262 |
2016 Bmw Insurance Rates
Average Cost to Insure
$2,354
Annual Cheapest Rate
$1,700
Available Trims
n/a
Rank | Companies | Average Premium |
---|
1 | State Farm | $1,700 |
2 | Geico | $2,021 |
3 | Nationwide | $2,258 |
4 | Progressive | $2,273 |
5 | Farmers | $2,865 |
6 | Allstate | $3,007 |
Compare BMW insurance rates by model
Make/Model | Annual Rates |
---|
BMW I8 | $3,571/year |
BMW Alpina | $3,139/year |
BMW 740I | $2,619/year |
BMW 440I | $2,414/year |
BMW 230I | $2,015/year |
BMW X3 | $1,760/year |
BMW X1 | $1,641/year |
BMW M4 | $2,924/year |
BMW 530I | $2,311/year |
BMW 330I | $2,104/year |