How Much Is BMW Insurance? Compare Quotes by Model

The average cost to insure a BMW can vary greatly depending on the model. For instance, a BMW 1 Series is the cheapest BMW model to insure at an average of $1,255 per year, while a BMW i8 is the most expensive at an average of $2,810 annually.

To help you find the cheapest companies and average rates for your BMW, MoneyGeek broke down costs for all of BMW's major models.

The average cost of car insurance for a BMW varies depending on the model. Listed below are the average costs of BMW's 10 most popular models, sorted from least to most expensive.

• BMW 1 Series: $1,255 per year
• BMW X3: $1,274 per year
• BMW X5: $1,424 per year
• BMW 5 Series: $1,502 per year
• BMW 3 Series: $1,560 per year
• BMW i3: $1,673 per year
• BMW 4 Series: $1,769 per year
• BMW 7 Series: $1,937 per year
• BMW X7: $2,030 per year
• BMW i8: $2,810 per year

Every model comes at a specific price point and has its own unique set of features. For instance, models with a high manufacturer's suggested retail price (MSRP) or high horsepower cost more to insure because of the increased risk of theft. Expensive repair costs can also lead to a high insurance premium.

Generally, BMWs are expensive to insure, but the average cost for some models is lower than others. The model of your car will determine its average insurance cost more than its brand. MoneyGeek analyzed 10 major BMW models and found that a BMW 1 Series car and a BMW X3 are cheap to insure, while BMW X5 cars have moderate insurance costs and the rest have expensive insurance premiums.

Across all model years, the BMW i8 costs an average of $2,810 to insure annually. This makes it the most expensive model out of the 10 BMW models in MoneyGeek’s analysis.

For drivers looking for the most affordable insurer, Progressive’s policies are the cheapest for this model, at an average of $1,750 per year. On the other hand, Allstate is the most expensive insurer at an average of $3,941 annually.

The average annual insurance premium for a BMW X7 across all model years is $2,030. MoneyGeek's analysis ranks this model as the second most expensive of the 10 BMW car models examined.

Progressive is the most affordable insurance provider for drivers shopping for this model, with policies costing $1,408 per year on average. Allstate, on the other hand, offers the most expensive policies at an average of $2,819 per year.

Insurance premiums for BMW 7 Series cars average $1,937 a year. This is the third most expensive BMW model out of the 10 models analyzed by MoneyGeek and is considered to be on the higher end of the spectrum when compared to other models and brands.

Progressive has the cheapest car insurance policy for a BMW 7 Series, averaging $1,585 per year. Allstate's policy is the most expensive for this model at an average of $2,509 annually.

Of the 10 BMW models MoneyGeek analyzed, the BMW 4 Series ranks fourth for insurance costs, with policies costing an average of $1,769 per year. Compared to other makes and models, this is considered to be quite expensive.

With policies costing an average of $1,619 per year, Progressive is the cheapest insurer for this model. On the other hand, Allstate’s policies are the most expensive option for BMW 4 Series owners, at an average of $2,302 annually.

The average annual insurance premium for a BMW i3 across all model years is $1,673, ranking fifth out of the 10 major BMW models in MoneyGeek’s study. Although not outrageous, this premium is still relatively high compared to other brands and models.

Based on MoneyGeek's analysis, GEICO offers the cheapest policy for a BMW i3 with an average cost of $1,324 per year. On the other hand, Allstate has the most expensive policy with an average rate of $2,404 annually.

Compared to other brands, insurance costs for BMW 3 Series owners are considered expensive at an average of $1,560 per year. This is also the sixth-most expensive BMW model in MoneyGeek’s analysis.

At an average cost of $1,346 annually, Progressive is the cheapest car insurance company for BMW 3 Series owners. Allstate, on the other hand, is the most expensive. Their policies cost an average of $1,947 per year.

The average cost of insuring a BMW 5 Series is $1,502 annually, making it the seventh most expensive vehicle to insure out of the 10 most popular BMW models that MoneyGeek analyzed. Compared to other makes and models, this one is relatively expensive to insure.

Progressive offers the cheapest policies for a BMW 5 Series car at an average rate of $1,362 per year. In contrast, Allstate is the most expensive at an average of $1,918 annually.

Insuring a BMW X5 costs an average of $1,424 per year across all model years. It ranks eighth for insurance costs out of the 10 BMW models analyzed by MoneyGeek. This average is deemed moderate compared to all other car brands and models.

Progressive has the lowest insurance cost for the BMW X5, at an average of $1,217 per year. Allstate has the most costly policy, at an average of $1,784 per year.

The average annual cost of insuring a BMW X3 is $1,274. This model ranks ninth among the 10 BMW models that MoneyGeek evaluated and is considered affordable compared to models from other brands.

GEICO has the cheapest policies for this model at an average of $1,073 per year, while Allied has the most expensive policies at an average of $1,585 annually.

The average annual premium for a BMW 1 Series is $1,255, making it relatively inexpensive compared to other makes and models. It has the most affordable average premium out of the 10 BMW models that MoneyGeek analyzed.

GEICO has the lowest insurance rates for a BMW 1 Series car with an average annual premium of $1,096. Allied has the most expensive policies, costing an average of $1,448 annually.

Drivers often wonder how much their insurance rates will be. The costs will largely depend on the actual model of their car. The answers to some frequently asked questions will also help you get a better idea of your BMW insurance costs.

MoneyGeek collected information about insurance provider rates for BMWs using a sample driver profile. In this scenario, the driver is a 40-year-old male purchasing a full coverage policy with the following coverages:

• $100,000 in bodily injury liability insurance per person
• $300,000 in bodily injury liability insurance per accident
• $100,000 in property damage liability insurance per accident
• Comprehensive and collision insurance with a $1,000 deductible

Rates represent averages and can provide guidance on what prices to expect but won’t match your specific rates.