Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.
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.
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 model | Average 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
- 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, by company and by state.
| Year and model | Average 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 |
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $2,560 | $213 |
| Nationwide | $3,575 | $298 |
| Progressive | $3,882 | $324 |
| Farmers | $4,361 | $363 |
| Geico | $4,745 | $395 |
| Allstate | $5,494 | $458 |
| State | Average annual premium | % Diff from national average |
|---|---|---|
| Alabama | $4,097 | 78% more |
| Alaska | $2,684 | 16% more |
| Arizona | $3,933 | 71% more |
| Arkansas | $4,685 | 103% more |
| California | $5,214 | 126% more |
| Colorado | $5,126 | 122% more |
| Connecticut | $3,481 | 51% more |
| Delaware | $4,097 | 78% more |
| Florida | $4,091 | 77% more |
| Georgia | $4,367 | 89% more |
| Hawaii | $2,652 | 15% more |
| Idaho | $3,386 | 47% more |
| Illinois | $3,950 | 71% more |
| Indiana | $3,599 | 56% more |
| Iowa | $3,796 | 65% more |
| Kansas | $4,187 | 82% more |
| Kentucky | $4,841 | 110% more |
| Louisiana | $6,248 | 171% more |
| Maine | $2,996 | 30% more |
| Maryland | $4,031 | 75% more |
| Massachusetts | $4,185 | 82% more |
| Michigan | $5,295 | 130% more |
| Minnesota | $4,560 | 98% more |
| Mississippi | $4,313 | 87% more |
| Missouri | $5,315 | 131% more |
| Montana | $4,615 | 100% more |
| Nebraska | $5,112 | 122% more |
| Nevada | $3,250 | 41% more |
| New Hampshire | $3,147 | 37% more |
| New Jersey | $3,733 | 62% more |
| New Mexico | $4,395 | 91% more |
| New York | $2,822 | 22% more |
| North Carolina | $3,413 | 48% more |
| North Dakota | $4,076 | 77% more |
| Ohio | $3,422 | 48% more |
| Oklahoma | $4,114 | 78% more |
| Oregon | $3,793 | 65% more |
| Pennsylvania | $3,742 | 62% more |
| Rhode Island | $4,779 | 107% more |
| South Carolina | $4,241 | 84% more |
| South Dakota | $6,066 | 163% more |
| Tennessee | $4,596 | 99% more |
| Texas | $5,149 | 123% more |
| Utah | $3,609 | 57% more |
| Vermont | $3,476 | 51% more |
| Virginia | $2,980 | 29% more |
| Washington | $3,223 | 40% more |
| Washington, D.C. | $4,849 | 110% more |
| West Virginia | $3,688 | 60% more |
| Wisconsin | $3,397 | 47% more |
| Wyoming | $4,160 | 80% more |
Compare BMW M4 car insurance rates by state
BMW X1 insurance cost
- 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, by company and by state.
| Year and model | Average 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 |
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $1,465 | $122 |
| Nationwide | $1,581 | $132 |
| Geico | $1,894 | $158 |
| Progressive | $2,176 | $181 |
| Farmers | $2,530 | $211 |
| Allstate | $2,974 | $248 |
| State | Average annual premium | % Diff from national average |
|---|---|---|
| Alabama | $2,100 | 9% less |
| Alaska | $1,683 | 27% less |
| Arizona | $2,124 | 8% less |
| Arkansas | $2,299 | Equal |
| California | $2,584 | 12% more |
| Colorado | $2,644 | 15% more |
| Connecticut | $1,890 | 18% less |
| Delaware | $2,227 | 3% less |
| Florida | $2,611 | 13% more |
| Georgia | $2,324 | 1% more |
| Hawaii | $1,391 | 40% less |
| Idaho | $1,578 | 32% less |
| Illinois | $1,980 | 14% less |
| Indiana | $1,821 | 21% less |
| Iowa | $1,795 | 22% less |
| Kansas | $2,095 | 9% less |
| Kentucky | $2,547 | 10% more |
| Louisiana | $3,240 | 41% more |
| Maine | $1,392 | 40% less |
| Maryland | $2,077 | 10% less |
| Massachusetts | $2,118 | 8% less |
| Michigan | $2,656 | 15% more |
| Minnesota | $2,078 | 10% less |
| Mississippi | $2,006 | 13% less |
| Missouri | $2,468 | 7% more |
| Montana | $2,212 | 4% less |
| Nebraska | $2,373 | 3% more |
| Nevada | $1,970 | 15% less |
| New Hampshire | $1,558 | 32% less |
| New Jersey | $2,157 | 6% less |
| New Mexico | $2,277 | 1% less |
| New York | $1,540 | 33% less |
| North Carolina | $1,992 | 14% less |
| North Dakota | $1,824 | 21% less |
| Ohio | $1,729 | 25% less |
| Oklahoma | $2,219 | 4% less |
| Oregon | $1,993 | 14% less |
| Pennsylvania | $2,066 | 10% less |
| Rhode Island | $2,420 | 5% more |
| South Carolina | $2,022 | 12% less |
| South Dakota | $2,688 | 17% more |
| Tennessee | $2,357 | 2% more |
| Texas | $2,634 | 14% more |
| Utah | $1,955 | 15% less |
| Vermont | $1,570 | 32% less |
| Virginia | $1,575 | 32% less |
| Washington | $1,669 | 28% less |
| Washington, D.C. | $2,295 | Equal |
| West Virginia | $1,832 | 21% less |
| Wisconsin | $1,700 | 26% less |
| Wyoming | $2,619 | 14% more |
Compare BMW X1 car insurance rates by state
BMW X3 insurance cost
- 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, by company and by state.
| Year and model | Average 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 |
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $1,645 | $137 |
| Nationwide | $1,867 | $156 |
| Geico | $2,095 | $175 |
| Progressive | $2,232 | $186 |
| Farmers | $2,632 | $219 |
| Allstate | $3,358 | $280 |
| State | Average annual premium | % Diff from national average |
|---|---|---|
| Alabama | $2,237 | 3% less |
| Alaska | $1,785 | 23% less |
| Arizona | $2,306 | Equal |
| Arkansas | $2,505 | 9% more |
| California | $2,778 | 21% more |
| Colorado | $2,813 | 22% more |
| Connecticut | $2,145 | 7% less |
| Delaware | $2,478 | 8% more |
| Florida | $2,831 | 23% more |
| Georgia | $2,546 | 10% more |
| Hawaii | $1,511 | 34% less |
| Idaho | $1,729 | 25% less |
| Illinois | $2,094 | 9% less |
| Indiana | $1,953 | 15% less |
| Iowa | $1,992 | 14% less |
| Kansas | $2,341 | 2% more |
| Kentucky | $2,935 | 27% more |
| Louisiana | $3,533 | 53% more |
| Maine | $1,681 | 27% less |
| Maryland | $2,321 | 1% more |
| Massachusetts | $2,369 | 3% more |
| Michigan | $2,823 | 22% more |
| Minnesota | $2,301 | Equal |
| Mississippi | $2,277 | 1% less |
| Missouri | $2,728 | 18% more |
| Montana | $2,409 | 5% more |
| Nebraska | $2,579 | 12% more |
| Nevada | $2,102 | 9% less |
| New Hampshire | $1,782 | 23% less |
| New Jersey | $2,384 | 3% more |
| New Mexico | $2,436 | 6% more |
| New York | $1,742 | 24% less |
| North Carolina | $2,138 | 7% less |
| North Dakota | $2,014 | 13% less |
| Ohio | $1,831 | 21% less |
| Oklahoma | $2,447 | 6% more |
| Oregon | $2,124 | 8% less |
| Pennsylvania | $2,304 | Equal |
| Rhode Island | $2,710 | 18% more |
| South Carolina | $2,237 | 3% less |
| South Dakota | $2,921 | 27% more |
| Tennessee | $2,544 | 10% more |
| Texas | $2,817 | 22% more |
| Utah | $2,075 | 10% less |
| Vermont | $1,859 | 19% less |
| Virginia | $1,688 | 27% less |
| Washington | $1,816 | 21% less |
| Washington, D.C. | $2,637 | 14% more |
| West Virginia | $2,022 | 12% less |
| Wisconsin | $1,861 | 19% less |
| Wyoming | $2,990 | 30% more |
Compare BMW X3 car insurance rates by state
BMW 3 series insurance cost
- 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, by company and by state.
| Year and model | Average 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 |
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $1,741 | $145 |
| Nationwide | $2,082 | $174 |
| Geico | $2,418 | $202 |
| Progressive | $2,798 | $233 |
| Farmers | $3,070 | $256 |
| Allstate | $4,135 | $345 |
| State | Average annual premium | % Diff from national average |
|---|---|---|
| Alabama | $2,752 | 19% more |
| Alaska | $2,132 | 8% less |
| Arizona | $2,571 | 12% more |
| Arkansas | $2,926 | 27% more |
| California | $3,451 | 50% more |
| Colorado | $3,601 | 56% more |
| Connecticut | $2,477 | 7% more |
| Delaware | $2,826 | 23% more |
| Florida | $3,143 | 36% more |
| Georgia | $3,179 | 38% more |
| Hawaii | $1,790 | 22% less |
| Idaho | $2,068 | 10% less |
| Illinois | $2,536 | 10% more |
| Indiana | $2,307 | Equal |
| Iowa | $2,314 | Equal |
| Kansas | $2,675 | 16% more |
| Kentucky | $3,256 | 41% more |
| Louisiana | $4,003 | 74% more |
| Maine | $1,925 | 16% less |
| Maryland | $2,573 | 12% more |
| Massachusetts | $2,734 | 19% more |
| Michigan | $3,274 | 42% more |
| Minnesota | $2,741 | 19% more |
| Mississippi | $2,644 | 15% more |
| Missouri | $3,471 | 51% more |
| Montana | $2,788 | 21% more |
| Nebraska | $3,385 | 47% more |
| Nevada | $2,322 | 1% more |
| New Hampshire | $1,986 | 14% less |
| New Jersey | $2,729 | 18% more |
| New Mexico | $2,891 | 25% more |
| New York | $1,960 | 15% less |
| North Carolina | $2,465 | 7% more |
| North Dakota | $2,500 | 8% more |
| Ohio | $2,173 | 6% less |
| Oklahoma | $2,792 | 21% more |
| Oregon | $2,446 | 6% more |
| Pennsylvania | $2,685 | 16% more |
| Rhode Island | $3,140 | 36% more |
| South Carolina | $2,620 | 14% more |
| South Dakota | $3,544 | 54% more |
| Tennessee | $2,940 | 28% more |
| Texas | $3,423 | 49% more |
| Utah | $2,371 | 3% more |
| Vermont | $2,188 | 5% less |
| Virginia | $1,971 | 14% less |
| Washington | $2,173 | 6% less |
| Washington, D.C. | $3,082 | 34% more |
| West Virginia | $2,423 | 5% more |
| Wisconsin | $2,175 | 6% less |
| Wyoming | $3,550 | 54% more |
Compare BMW 3 Series car insurance rates by state
BMW 5 series insurance cost
- 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, by company and by state.
| Year and model | Average 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 |
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $2,047 | $171 |
| Nationwide | $2,323 | $194 |
| Geico | $2,771 | $231 |
| Progressive | $3,044 | $254 |
| Farmers | $3,474 | $290 |
| Allstate | $4,325 | $360 |
| State | Average annual premium | % Diff from national average |
|---|---|---|
| Alabama | $2,980 | 29% more |
| Alaska | $2,197 | 5% less |
| Arizona | $2,918 | 27% more |
| Arkansas | $3,378 | 47% more |
| California | $3,521 | 53% more |
| Colorado | $3,871 | 68% more |
| Connecticut | $2,545 | 10% more |
| Delaware | $3,062 | 33% more |
| Florida | $3,315 | 44% more |
| Georgia | $3,161 | 37% more |
| Hawaii | $1,980 | 14% less |
| Idaho | $2,335 | 1% more |
| Illinois | $2,828 | 23% more |
| Indiana | $2,598 | 13% more |
| Iowa | $2,720 | 18% more |
| Kansas | $3,088 | 34% more |
| Kentucky | $3,507 | 52% more |
| Louisiana | $4,320 | 87% more |
| Maine | $2,114 | 8% less |
| Maryland | $2,922 | 27% more |
| Massachusetts | $3,119 | 35% more |
| Michigan | $3,836 | 66% more |
| Minnesota | $3,151 | 37% more |
| Mississippi | $2,963 | 29% more |
| Missouri | $3,615 | 57% more |
| Montana | $3,290 | 43% more |
| Nebraska | $3,645 | 58% more |
| Nevada | $2,574 | 12% more |
| New Hampshire | $2,241 | 3% less |
| New Jersey | $2,837 | 23% more |
| New Mexico | $3,234 | 40% more |
| New York | $2,175 | 6% less |
| North Carolina | $2,819 | 22% more |
| North Dakota | $2,869 | 24% more |
| Ohio | $2,457 | 7% more |
| Oklahoma | $3,179 | 38% more |
| Oregon | $2,767 | 20% more |
| Pennsylvania | $2,886 | 25% more |
| Rhode Island | $3,386 | 47% more |
| South Carolina | $2,853 | 24% more |
| South Dakota | $4,371 | 90% more |
| Tennessee | $3,333 | 45% more |
| Texas | $3,776 | 64% more |
| Utah | $2,690 | 17% more |
| Vermont | $2,266 | 2% less |
| Virginia | $2,163 | 6% less |
| Washington | $2,280 | 1% less |
| Washington, D.C. | $3,320 | 44% more |
| West Virginia | $2,652 | 15% more |
| Wisconsin | $2,503 | 9% more |
| Wyoming | $3,917 | 70% more |
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).