Our survey found that the average cost to insure a BMW model is $4,049 per year for a 30-year-old man. To determine the average cost of insurance for BMW models, we collected insurance rates over the past five years for eight of its popular models.
bmw insurance costs by model
Of the eight BMW models chosen for this survey, the cheapest BMW to insure with a full coverage policy is the BMW X1, at a rate of $2,587 per year. The most expensive BMW model to insure is the i8, at $6,550 per year.
Reading: How much is insurance for a bmw
The cost of insurance varies depending on the location, age and history of the driver. therefore, we recommend always comparing the quotes of several insurers to find the best rate.
bmw 320i insurance cost
Based on the model years collected for our analysis, the average cost to insure a BMW 320i is $2,826 per year. this makes it the second cheapest insurance of all bmw models surveyed. the 320i also has the second cheapest msrp for the 2020 model at $40,750.
However, teenagers are more expensive to insure due to their greater tendency to be involved in at-fault accidents. The cost of insuring a BMW 320i is $6,455 per year for an 18-year-old.
bmw 740i insurance cost
At a rate of $5,530 per year, the BMW 740i is the second most expensive BMW model to insure for a 30-year-old man. For an 18-year-old male, an average full coverage policy on the 740i costs $12,288 per year.
bmw i3 insurance cost
Our rate survey found the average cost of auto insurance for the BMW i3 to be $2,927 per year or $244 per month. This makes the BMW i3 the third cheapest BMW model to be sure of the models we surveyed.
Younger drivers can expect to pay more, as the average annual cost to insure a BMW i3 for an 18-year-old is $6,775.
bmw i8 insurance cost
The BMW i8 has the most expensive insurance quotes of the eight BMW models we surveyed. For our 30-year-old sample driver, the average cost of insurance for a BMW i8 is $6,550 per year. the average cost to insure an 18-year-old is $14,705 per year.
The BMW i8, which is a hybrid electric sports car, also has the most expensive msrp for a 2020 model, at $147,500.
bmw m4 insurance cost
The cost of insuring a BMW M4 is slightly above average, at a rate of $5,308 per year for our 30-year-old sample driver. Younger drivers can expect to pay more, as the average cost to insure a BMW M4 is $12,138 per year for an 18-year-old.
bmw x1 insurance cost
See also: How Long Does an Insurance Company Have to Pay a Claim in Texas?
Of the eight BMW models we surveyed, the BMW X1 has the cheapest insurance rate, at $2,587 per year for our 30-year-old sample driver. The BMW X1 also has the lowest rate for an 18-year-old driver at $5,890 per year.
The 2020 BMW X1 has an msrp of $35,200, which is the cheapest of all the BMW models we surveyed.
bmw x4 insurance cost
The average cost to insure a BMW X4 is $3,196 per year, which is slightly below the average for all eight BMW models. The average cost to insure a BMW X4 is $7,281 per year for an 18-year-old.
bmw x6 insurance cost
Our rate analysis found that the average cost to insure a BMW X6 is $3,468 per year for our 30-year-old driver. insurance rates varied by $1,053 between model years. The average cost to insure a BMW X6 for an 18 year old is $7,866 per year.
methodology
To calculate the average costs of insuring BMWs, our analysis included quotes for two sample drivers: a 30-year-old male and an 18-year-old male. The BMW insurance quotes we used were for a full coverage policy with the following limits:
Our study used insurance rate data from Quadrant Information Services. Quotes used were publicly obtained from insurer filings and should only be used for comparison purposes. actual quotes for these bmw models may differ from the estimates provided.
See also: 5 Steps to Be Your Own Bank with Whole Life Insurance – Banking Truths
