on average BMW insurance rates cost between $171.85 and $406.44 a month, depending on the model. It’s a premium vehicle with a higher book value, which makes it more expensive to insure than vehicles with a lower book value, such as Toyota or Honda.
- Why are BMW insurance rates so expensive?
- Pros and cons of insuring a BMW
- About the BMW brand
- BMW car facts
- Should You Buy A BMW?
Why are BMW insurance rates so expensive?
Due to the fact that a BMW is classified as a luxury vehicle, insurance premiums will be higher. However, there are other variables that may assist to offset this. Selecting some of BMW’s optional safety features may help you save money on your insurance. Additionally, BMW’s low theft rate works to your advantage.
It should not be difficult to get insurance for your BMW. Most, if not all, of the major insurance carriers, cover this high-end 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 date all the way back to 1916 when they started manufacturing aircraft engines. This brief manufacturing ceased after the conclusion of World War I as a result of the Versailles Armistice Treaty. After the treaty’s limitations were removed, the firm started manufacturing motorbikes and, shortly afterward, cars. BMW temporarily reverted to aircraft engine manufacturing during World War II but resumed production of the cars and motorcycles for which they are best known today after rebuilding.
What’s BMW Performance Insurance?
BMW insurance is available straight from the manufacturer. BMW Performance Insurance has partnered with Liberty Mutual to provide customized insurance for all BMW cars. These policies include a slew of benefits and unique offers tailored to your ride.
Are there any standout BMW models?
The slogan for the BMW 8 Series Coupe is “perfection reinvented.” It blends sophisticated technology, tremendous performance, and the pinnacle of elegance in a coupe reminiscent of a sports car. The 8 Series Coupe has excellent handling characteristics, a stunning interior and appearance, and a twin-turbo V8 engine.
What’s the Access by BMW app?
BMW’s pilot subscription program allows drivers in Nashville, Tennessee to test drive several BMW models for as little as $2,000 per month. Select your new BMW through the iPhone or Android app and enter your driving preferences; a concierge will deliver the fully equipped car when and where you want.
You may change subscription tiers as much as you want within your membership tier. The 4 Series convertible, the 5 Series, the X5 SUV or hybrid, and the sporty M2 Coupe are all available as Legend grade vehicles for $2,000 a month. M-tier vehicles cost $3,700 per month and include the M4 Convertible, M5 Convertible, M6 Convertible, and X5 / X6 SUV M variants.
BMW car facts
- Since 1917, BMW has proudly exhibited their logo, which includes the Bavarian state colors.
- BMW prices range from $34,000 to $154,000.
- Given the high cost of a BMW, you’re likely to desire more than the bare minimum liability coverage for this premium vehicle.
- BMW shifted its focus after World War II to manufacturing pots, pans, and bicycles until 1948, when they resumed motorcycle manufacture.
Should You Buy A BMW?
BMWs are quite inexpensive to insure in comparison to other premium models. However, be careful when searching for the best auto insurance rates.
Check out our insurance review for the BMW 3 Series