Prachi Singh Written by Prachi Singh
Contributing Researcher

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.


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CAR INSURANCE
Car insurance insights

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.

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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 modelAverage 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

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BMW M4 insurance cost

BMW M4
M4 Highlights
  • 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.

Rates by model
Year and modelAverage 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
Rates by company
CompanyAverage annual premiumAverage 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
Rates by state
StateAverage annual premium% Diff from national average
Alabama$4,09778% more
Alaska$2,68416% more
Arizona$3,93371% more
Arkansas$4,685103% more
California$5,214126% more
Colorado$5,126122% more
Connecticut$3,48151% more
Delaware$4,09778% more
Florida$4,09177% more
Georgia$4,36789% more
Hawaii$2,65215% more
Idaho$3,38647% more
Illinois$3,95071% more
Indiana$3,59956% more
Iowa$3,79665% more
Kansas$4,18782% more
Kentucky$4,841110% more
Louisiana$6,248171% more
Maine$2,99630% more
Maryland$4,03175% more
Massachusetts$4,18582% more
Michigan$5,295130% more
Minnesota$4,56098% more
Mississippi$4,31387% more
Missouri$5,315131% more
Montana$4,615100% more
Nebraska$5,112122% more
Nevada$3,25041% more
New Hampshire$3,14737% more
New Jersey$3,73362% more
New Mexico$4,39591% more
New York$2,82222% more
North Carolina$3,41348% more
North Dakota$4,07677% more
Ohio$3,42248% more
Oklahoma$4,11478% more
Oregon$3,79365% more
Pennsylvania$3,74262% more
Rhode Island$4,779107% more
South Carolina$4,24184% more
South Dakota$6,066163% more
Tennessee$4,59699% more
Texas$5,149123% more
Utah$3,60957% more
Vermont$3,47651% more
Virginia$2,98029% more
Washington$3,22340% more
Washington, D.C.$4,849110% more
West Virginia$3,68860% more
Wisconsin$3,39747% more
Wyoming$4,16080% more

Compare BMW M4 car insurance rates by state

BMW X1 insurance cost

BMW X1
X1 Highlights
  • 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.

Rates by model
Year and modelAverage 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
Rates by company
CompanyAverage annual premiumAverage 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
Rates by state
StateAverage annual premium% Diff from national average
Alabama$2,1009% less
Alaska$1,68327% less
Arizona$2,1248% less
Arkansas$2,299Equal
California$2,58412% more
Colorado$2,64415% more
Connecticut$1,89018% less
Delaware$2,2273% less
Florida$2,61113% more
Georgia$2,3241% more
Hawaii$1,39140% less
Idaho$1,57832% less
Illinois$1,98014% less
Indiana$1,82121% less
Iowa$1,79522% less
Kansas$2,0959% less
Kentucky$2,54710% more
Louisiana$3,24041% more
Maine$1,39240% less
Maryland$2,07710% less
Massachusetts$2,1188% less
Michigan$2,65615% more
Minnesota$2,07810% less
Mississippi$2,00613% less
Missouri$2,4687% more
Montana$2,2124% less
Nebraska$2,3733% more
Nevada$1,97015% less
New Hampshire$1,55832% less
New Jersey$2,1576% less
New Mexico$2,2771% less
New York$1,54033% less
North Carolina$1,99214% less
North Dakota$1,82421% less
Ohio$1,72925% less
Oklahoma$2,2194% less
Oregon$1,99314% less
Pennsylvania$2,06610% less
Rhode Island$2,4205% more
South Carolina$2,02212% less
South Dakota$2,68817% more
Tennessee$2,3572% more
Texas$2,63414% more
Utah$1,95515% less
Vermont$1,57032% less
Virginia$1,57532% less
Washington$1,66928% less
Washington, D.C.$2,295Equal
West Virginia$1,83221% less
Wisconsin$1,70026% less
Wyoming$2,61914% more

Compare BMW X1 car insurance rates by state

BMW X3 insurance cost

BMW X3
X3 Highlights
  • 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.

Rates by model
Year and modelAverage 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
Rates by company
CompanyAverage annual premiumAverage 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
Rates by state
StateAverage annual premium% Diff from national average
Alabama$2,2373% less
Alaska$1,78523% less
Arizona$2,306Equal
Arkansas$2,5059% more
California$2,77821% more
Colorado$2,81322% more
Connecticut$2,1457% less
Delaware$2,4788% more
Florida$2,83123% more
Georgia$2,54610% more
Hawaii$1,51134% less
Idaho$1,72925% less
Illinois$2,0949% less
Indiana$1,95315% less
Iowa$1,99214% less
Kansas$2,3412% more
Kentucky$2,93527% more
Louisiana$3,53353% more
Maine$1,68127% less
Maryland$2,3211% more
Massachusetts$2,3693% more
Michigan$2,82322% more
Minnesota$2,301Equal
Mississippi$2,2771% less
Missouri$2,72818% more
Montana$2,4095% more
Nebraska$2,57912% more
Nevada$2,1029% less
New Hampshire$1,78223% less
New Jersey$2,3843% more
New Mexico$2,4366% more
New York$1,74224% less
North Carolina$2,1387% less
North Dakota$2,01413% less
Ohio$1,83121% less
Oklahoma$2,4476% more
Oregon$2,1248% less
Pennsylvania$2,304Equal
Rhode Island$2,71018% more
South Carolina$2,2373% less
South Dakota$2,92127% more
Tennessee$2,54410% more
Texas$2,81722% more
Utah$2,07510% less
Vermont$1,85919% less
Virginia$1,68827% less
Washington$1,81621% less
Washington, D.C.$2,63714% more
West Virginia$2,02212% less
Wisconsin$1,86119% less
Wyoming$2,99030% more

Compare BMW X3 car insurance rates by state

BMW 3 series insurance cost

BMW 3 Series
BMW 3 series Highlights
  • 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.

Rates by model
Year and modelAverage 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
Rates by company
CompanyAverage annual premiumAverage 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
Rates by state
StateAverage annual premium% Diff from national average
Alabama$2,75219% more
Alaska$2,1328% less
Arizona$2,57112% more
Arkansas$2,92627% more
California$3,45150% more
Colorado$3,60156% more
Connecticut$2,4777% more
Delaware$2,82623% more
Florida$3,14336% more
Georgia$3,17938% more
Hawaii$1,79022% less
Idaho$2,06810% less
Illinois$2,53610% more
Indiana$2,307Equal
Iowa$2,314Equal
Kansas$2,67516% more
Kentucky$3,25641% more
Louisiana$4,00374% more
Maine$1,92516% less
Maryland$2,57312% more
Massachusetts$2,73419% more
Michigan$3,27442% more
Minnesota$2,74119% more
Mississippi$2,64415% more
Missouri$3,47151% more
Montana$2,78821% more
Nebraska$3,38547% more
Nevada$2,3221% more
New Hampshire$1,98614% less
New Jersey$2,72918% more
New Mexico$2,89125% more
New York$1,96015% less
North Carolina$2,4657% more
North Dakota$2,5008% more
Ohio$2,1736% less
Oklahoma$2,79221% more
Oregon$2,4466% more
Pennsylvania$2,68516% more
Rhode Island$3,14036% more
South Carolina$2,62014% more
South Dakota$3,54454% more
Tennessee$2,94028% more
Texas$3,42349% more
Utah$2,3713% more
Vermont$2,1885% less
Virginia$1,97114% less
Washington$2,1736% less
Washington, D.C.$3,08234% more
West Virginia$2,4235% more
Wisconsin$2,1756% less
Wyoming$3,55054% more

Compare BMW 3 Series car insurance rates by state

BMW 5 series insurance cost

BMW 5 Series
BMW 5 Series Highlights
  • 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.

Rates by model
Year and modelAverage 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
Rates by company
CompanyAverage annual premiumAverage 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
Rates by state
StateAverage annual premium% Diff from national average
Alabama$2,98029% more
Alaska$2,1975% less
Arizona$2,91827% more
Arkansas$3,37847% more
California$3,52153% more
Colorado$3,87168% more
Connecticut$2,54510% more
Delaware$3,06233% more
Florida$3,31544% more
Georgia$3,16137% more
Hawaii$1,98014% less
Idaho$2,3351% more
Illinois$2,82823% more
Indiana$2,59813% more
Iowa$2,72018% more
Kansas$3,08834% more
Kentucky$3,50752% more
Louisiana$4,32087% more
Maine$2,1148% less
Maryland$2,92227% more
Massachusetts$3,11935% more
Michigan$3,83666% more
Minnesota$3,15137% more
Mississippi$2,96329% more
Missouri$3,61557% more
Montana$3,29043% more
Nebraska$3,64558% more
Nevada$2,57412% more
New Hampshire$2,2413% less
New Jersey$2,83723% more
New Mexico$3,23440% more
New York$2,1756% less
North Carolina$2,81922% more
North Dakota$2,86924% more
Ohio$2,4577% more
Oklahoma$3,17938% more
Oregon$2,76720% more
Pennsylvania$2,88625% more
Rhode Island$3,38647% more
South Carolina$2,85324% more
South Dakota$4,37190% more
Tennessee$3,33345% more
Texas$3,77664% more
Utah$2,69017% more
Vermont$2,2662% less
Virginia$2,1636% less
Washington$2,2801% less
Washington, D.C.$3,32044% more
West Virginia$2,65215% more
Wisconsin$2,5039% more
Wyoming$3,91770% 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).
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