BMWs are known for combining comfort with style, but when you buy a car, you also need to consider insurance. If the insurance is too high, it can cut into how much you’re willing to spend per month on a vehicle. Of course, when it comes to insurance, it varies with your driving record, but here is the average insurance price to keep your BMW safe.
Safety and Theft
One of the things that insurance companies look at is the safety of your vehicle as well as how often the model is stolen. BMWs are very safe, according to the Insurance Institute for Highway Safety. In fact, it was the top safety pick in 2012 and 2013 with some series taking the top safety pick for various years, such as the BMW 5 Series in both 2010 and 2013.
Unfortunately, BMWs have a reputation of theft due to their value. According to the National Highway Traffic Safety Administration, your BMW has about a 1 in 1,000 chance of being stolen. While it ranks lower than some other vehicles – like the Charger coming in with 4 out of every 1,000–it’s still high enough for insurance companies to increase your monthly rate.
Model
Of course, your insurance rate is based on the type of model you have. Not every BMW is made the same, so it only makes sense that they have different prices. Here is the average amount for each BMW with a policy that includes collision, comprehensive, and underinsured/uninsured motorist coverage:
- 128i: $1623 to $1666
- 135i: $1726 to $1816
- 328i: $1730 to $1794
- 335is: $2054 to $2147
- 528i: $1819
- 535i: $1839
- 535xi GT: $2023
- 550i: $2118
- 640i: $2354 to $2512
- 650i: $2539 to $2681
- 740i: $2196
- 740Li: $2249
- 750i: $2467
- 750Li: $2464
- M3: $2373
- X3: $1366 to $1433
- X5: $1534 to $1688
All facts and figures are obtained from TrustedChoice.
