The average monthly BMW insurance rates ranges from $171.85 to $406.44 depending on the model and coverage. Due to the fact that it is a higher-priced car with a higher book value, it will cost more to insure than a more fuel-efficient vehicle such as a Toyota or Honda.
This article, will help you know more about BMW insurance rates. It will help you decide comfortably in changing your BMW insurance rates.
- Why are BMWs so expensive to insure?
- Pros and cons of insuring a BMW
- About the BMW brand
- BMW car facts
- Should You Buy A BMW?
Why are BMWs so expensive to insure?
Because a BMW is considered a premium vehicle, insurance will be more expensive. Other variables, though, may assist to balance it out. Including some of BMW’s available safety features can help you save money on insurance. BMW’s low theft rates work to your advantage as well.
It will not be difficult to get insurance for your BMW. Most, if not all, of the major insurance carriers, cover this top-of-the-line vehicle.
Pros and cons of insuring a BMW
- Great safety features
- Not often stolen
- Considered a luxury car
About the BMW brand
BMW’s origins may be traced back to 1916 when they started manufacturing aircraft engines. Due to the Versailles Armistice Treaty, its short-lived manufacturing was stopped after the conclusion of World War I. After the treaty’s limitations were removed, the firm started producing motorbikes and, shortly after, cars. BMW temporarily returned to aircraft engine manufacturing during WWII, but after the war, they continued to make the cars and motorbikes for which they are renowned today.
What’s BMW Performance Insurance?
You may get BMW insurance straight from the manufacturer. BMW Performance Insurance collaborates with Liberty Mutual to provide customized insurance for all BMW cars, with a plethora of benefits and discounts tailored specifically to your ride.
Are there any standout BMW models?
“Perfection redesigned” is the slogan for the BMW 8 Series Coupe. It blends cutting-edge technology, great performance, and the pinnacle of luxury in a coupe reminiscent of a sports car. The 8 Series Coupe has a stunning interior and appearance as well as a twin-turbo V8 engine.
What’s the Access by BMW app?
BMW’s experimental subscription program allows drivers in Nashville, Tennessee to test drive several BMWs beginning at $2,000 per month. Choose your new BMW through the iPhone or Android app, enter your driving preferences, and a concierge will deliver the fully equipped car when and when you want.
Within your subscription tier, you may switch as many times as you like. Legend grade vehicles, which include the 4 Series convertible, 5 Series, X5 SUV or hybrid, and the sporty M2 Coupe, cost $2,000 per month. M-tier vehicles cost $3,700 per month and include access to the M4 Convertible, M5, M6 convertible, and X5 / X6 SUV M variants.
BMW car facts
- Since 1917, BMW’s logo, which combines the Bavarian state colors, has been proudly featured on company goods..
- BMW prices start at $34,000 and can go up to $154,000.
- Because a BMW is no small investment, you’ll likely want more than just minimum liability coverage for this luxury car.
- After World War II, BMW switched to producing pots, pans and bicycles until 1948, when they restarted motorcycle production.
Should You Buy A BMW?
BMWs are quite inexpensive to insure when compared to other premium models. However, be sure to search around for the best auto insurance for you.
Checkout our rate review of BMW Series 3.