The cost of owning a BMW goes beyond its above-average MSRP. Car insurance for a BMW costs $1,788 per year: 25% more than insurance for a typical car. Since BMW insurance is more expensive than average, you should do your due diligence when shopping for a policy.
Why is BMW insurance High?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.4 days ago
Is Audi or BMW more expensive to insure?
The difference in actual cost to own is because the BMW costs slightly more to repair and gets a bit less fuel mileage, but the primary difference is that it costs more to insure a BMW Sedan. Over the initial 5 year ownership period, an Audi A4 sedan will cost about $2,138 per month to insure, for a total of $11,464.Jun 12, 2013
How much is insurance on a BMW for an 18 year old?
The average BMW 3 Series insurance cost for an 18-year-old driver is $5,092 per year. That's $3,532 more expensive than the average rate for a 40-year-old.Dec 8, 2021
Is insuring a BMW expensive?
How much does BMW insurance cost? The cost of owning a BMW goes beyond its above-average MSRP. Car insurance for a BMW costs $1,788 per year: 25% more than insurance for a typical car. Since BMW insurance is more expensive than average, you should do your due diligence when shopping for a policy.
How much is insurance for a BMW 320i?
How much does BMW 320i car insurance cost? BMW 320i car insurance rates average $1,454 a year for full coverage, or $121 a month. Drivers can expect to pay around $64 less per year to insure a BMW 320i compared to the average rate for small luxury cars, and $52 less per year than the overall national average of $1,506.Dec 30, 2021
What insurance Group is a BMW 3 Series?
Model Insurance Group Tax Band
--------------------------------- --------------- --------
BMW 3 Series 318d SE 4d 25 G
BMW 3 Series 320d SE 4d 28 G
BMW 3 Series 320d Sport 4d 29 G
BMW 3 Series 320i M Sport auto 4d 30 G
Are old BMW expensive to insure?
On average, the cost of insuring BMW 3 Series is $1,560 per year — that's $133 more than the average car model rate, which is $1,427. Depending on your insurance provider, the cost of BMW 3 Series insurance can fluctuate by $698 per year. ... Typically, older models have cheaper insurance rates.Dec 8, 2021
Is a BMW 3 Series expensive to insure?
The BMW 3 Series has relatively expensive auto insurance rates. The average insurance for BMW 3 Series costs $1,560 per year. The average insurance cost for other car models is only $1,427 annually. However, insurance of a BMW 3 Series is relatively more affordable than the average cost for luxury brands like Tesla.Dec 8, 2021
How much is insurance for a 2011 BMW 328i?
2011 BMW 328i insurance cost is estimated at $125 per month or $1,500 per year on average.