Best BMW Car Insurance Rates and Coverage

Written by  Rob Bhatt

Edited by  Bryan Ochalla

+ 1 More

Published Sep 18, 2025 Content was accurate at the time of publication.

Cheapest companies for BMW car insurance

Travelers has the cheapest full coverage car insurance for BMWs at $199 a month before discounts. This is 30% less than the next-cheapest full coverage Full coverage includes collision and comprehensive, which cover your own car for damage and theft. rate of $284 a month from Progressive. Travelers also offers new car replacement If your car is totaled, Travelers replaces it with a new car of the same make and model. , which Progressive doesn’t have.

BMW insurance rates by company

Company		Monthly rate	LendingTree score
	Travelers	$199
	Progressive	$284
	State Farm	$301
	Geico	$515
	Allstate	$591
	Farmers	$622
	USAA*	$425

Your actual rate depends on factors like your driving record, your location and, in most states, your credit. Each company treats these factors differently, and their rates vary by customer. This is why it’s a good idea to compare car insurance quotes from a few different companies before you buy or renew a policy.

How much is car insurance for a BMW?

Car insurance for BMWs costs an average of $420 a month. Rates range from $288 a month for an X1 to $570 a month for an X5. You can expect to pay more for pricier models.

BMW car insurance costs by model

BMW car insurance rates by model year

Older BMWs are usually cheaper to insure than new ones. For example, it costs an average of $386 a month to insure 2021 BMW models. This is 16% less than the average for 2024 models.

BMW insurance costs

Cheapest car insurance for BMW X1: Travelers

Travelers has the cheapest car insurance for the BMW X1 at an average of $137 a month for the past four model years. This is 24% less than the next-cheapest X1 rate of $180 a month from State Farm.

Along with new car replacement, Travelers offers accident forgiveness Accident forgiveness prevents your first accident from making your rates go up. You have to add it to your policy before you crash. and gap insurance Gap insurance covers the difference between your car’s value and your loan balance, if you total the vehicle. . State Farm does not have either of these coverage options. However, State Farm has a higher satisfaction rating, in other words, happier customers, from J.D. Power J.D. Power’s satisfaction scores are based on customer surveys rating companies on factors like price, coverage options and problem resolution. .

Monthly BMW X1 insurance costs

Cheap car insurance quotes for BMW 230i

BMW 230i drivers can get the cheapest car insurance quotes from Travelers at an average of $142 a month. Travelers charges less than half the average of $325 a month for 230i insurance. State Farm has the next-cheapest 230i rate, at $229 a month.

Monthly BMW 230i insurance costs

Best car insurance rates for BMW 330i

At $161 a month, Travelers has the best car insurance rates for BMW’s 330i. State Farm has the next-cheapest insurance for BMW’s 3 Series gem, at $242 a month. Progressive’s rates are only slightly higher than that at $258 a month.

Monthly BMW 330i insurance costs

BMW 430i car insurance rate comparison

Travelers has the cheapest car insurance for the BMW 430i, at $175 a month. This is 34% less than the second-cheapest rate of $265 a month from State Farm. Travelers charges 39% less than the third-cheapest company, Progressive.

Monthly BMW 430i insurance costs

Best auto insurance rates for BMW 530i

Travelers has the cheapest car insurance for the BMW 530i, at $190 a month. State Farm has the next-cheapest rate for this BMW 5 Series model at $278 a month. State Farm’s rate is 46% higher than Travelers’ rate.

Monthly BMW 530i insurance costs

Cheap car insurance quotes for BMW X3

At $196 a month, Travelers has the cheapest car insurance quotes for BMW X3 drivers. Travelers charges less than half the average of $406 a month for BMW’s midsize SUV. Travelers also charges 31% less than Progressive, the next-cheapest company.

Monthly BMW X3 insurance costs

Best car insurance rates for BMW X5

Travelers has the best car insurance rates for BMW X5, at $252 a month. The second-cheapest company, Progressive, charges 45% more at $366 a month. State Farm is the next-cheapest company after that, at $418 a month.

Monthly BMW X5 insurance costs

Best car insurance companies for BMWs

Cheap rates and useful add-ons make Travelers the best car insurance company for BMWs. State Farm has the best customer satisfaction rating. Progressive has the best car insurance vehicle maintenance plan A vehicle maintenance plan pays to repair mechanical failures after your car’s factory warranty expires. It’s also known as mechanical breakdown insurance. . Farmers’ original equipment manufacturer Pays to replace damaged parts with factory originals, instead of after-market substitutes. (OEM) protection is the best coverage option for BMWs.

Best BMW auto insurance

Company	Monthly rate	Satisfaction rating Source: J.D. Power 2024 U.S. Auto Insurance Study. Higher is better; 644 is average.	LendingTree score
Travelers	$199	616
State Farm	$301	657
Progressive	$284	622
Farmers	$622	619

Best overall for BMWS: Travelers

Travelers’ low rates help you save money up front on your insurance costs. Coverages like new car replacement, accident forgiveness and gap insurance can help you save money after an accident.

Travelers’ Premier New Car Replacement program is especially unique. It lasts up to five years. Most other new car forgiveness programs only last one or two years. Unfortunately, Travelers does not offer original equipment manufacturer (OEM) coverage.

Best for customer satisfaction: State Farm

A high satisfaction rating means drivers generally like State Farm’s prices, coverage options and service. Like most companies, State Farm offers several discounts that make its rates more affordable.

State Farm does not offer new car replacement, accident forgiveness or gap insurance. However, its rental car reimbursement Rental car reimbursement pays for a rental while your own car is in the shop for covered repairs. covers lodging, food and transportation if you’re more than 50 miles from home. Most other rental reimbursement plans don’t cover these expenses.

Best vehicle maintenance plan: Progressive

Progressive’s vehicle protection coverage is a decent alternative to an extended warranty. It covers mechanical breakdowns that may occur after your BMW’s normal factory warranty expires. Along with major systems like your drivetrain, Progressive’s plan covers minor dings and dents.

Unfortunately, Progressive makes you add vehicle protection to your policy before your car is two years old. You won’t actually need the coverage until BMW’s 4-year/50,000 mile warranty expires. Still, BMWs can be expensive to repair after they turn four or hit the 50,000 mile mark. This optional coverage protects you from these potentially high costs.

Best coverage options: Farmers

Farmers is one of the few car insurance companies that offers OEM coverage. Replacing damaged parts with originals helps retain your BMW’s performance capabilities and value.

Farmers also offers new car replacement, accident forgiveness and gap insurance. Although Farmers rates are high, its discounts can make it more affordable. These include an affinity discount if you’re in a certain field or profession. The affinity discount extends to current or former military service members, too.

How much insurance do I need for a BMW?

BMWs are usually worth protecting with more than just your state’s minimum liability insurance Liability insurance covers injuries and property damage you cause to others. It’s required by law in almost every state. requirements.

If you finance your BMW, your lender will make you add collision Collision covers damage to your car from a collision with another vehicle or object. and comprehensive Comprehensive covers your car for theft and damage from non-collision causes, like fire, flood and vandalism. (comp) to your policy. Both are usually worth keeping for any car worth more than a few thousand dollars after it’s paid off.

Gap insurance is often worth getting if you’ve financed your BMW with a low down payment. Other optional car insurance coverages worth considering for a BMW include:

Methodology

LendingTree uses insurance rate data from Quadrant Information Services using publicly sourced insurance company filings. Rates are based on an analysis of hundreds of thousands of car insurance quotes for typical drivers in Illinois. Prices are shown for comparative purposes only. Your rates may be different.

Quotes are for a 30-year-old man with good credit and a clean driving record. Policies include:

Rates are based on quotes for the following BMW models:

Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third-party customer service ratings and app/website experience. We weighted these categories based on what customers value in an insurance company.

For third-party customer service ratings, we included complaint index scores from the National Association of Insurance Commissioners (NAIC) and financial strength ratings from AM Best. NAIC complaint index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from AM Best reflect the ability to pay out claims.

*USAA is only available to current and former members of the military and their families.