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.
How much does BMW insurance cost?
| Vehicle Model |
Average Annual Premium |
| BMW 5-Series |
$2,193 |
| BMW 6-Series |
$3,030 |
| BMW 7-Series |
$3,301 |
| BMW i3 |
$2,117 |
What is insurance like on a BMW?
At an average of $1,780 per year, a BMW is expensive to insure compared to other makes and brands. Even so, car insurance rates can still change depending on your actual BMW model. To get different pricing options for various drivers, MoneyGeek examined all BMW models by model year and driver age.
How much is insurance on a BMW 320i?
The average cost of auto insurance for a BMW 3 Series is $1,560 per year.
How much is insurance for a BMW 328i?
BMW INSURANCE COST BREAKDOWN BY MODEL
| BMW Model |
Average insurance cost per month |
Average insurance cost per year |
| 328i |
$150 |
$1,800 |
| X1 |
$192 |
$2,300 |
| X2 |
$200 |
$2,383 |
| X3 |
$180 |
$2,150 |
How much does insurance go up with a BMW? – Related Questions
Are BMW expensive to maintain?
Is BMW maintenance expensive? Yes, BMW’s maintenance cost after the warranty is more expensive than many other brands – luxury or not. A BMW can cost about $5,000 more to maintain over a 10-year period than a Mercedes-Benz, and $12,000 more than a Toyota.
Is insurance more for a BMW?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.
How much is an oil change for BMW 328i?
The average cost for a BMW 328i oil change is between $210 and $237. Labor costs are estimated between $56 and $70 while parts are priced between $154 and $166.
Is the BMW 3 Series a sports car?
Is the BMW 3 Series Sedan a sports car? The performance and design of the 2023 BMW 3 Series Sedan classify it as a sports car.
Are newer BMWs reliable?
BMW Reliability Rating Breakdown. The BMW Reliability Rating is 2.5 out of 5.0, which ranks it 30th out of 32 for all car brands. This rating is based on an average across 345 unique models. The average annual repair cost for a BMW is $968, which means it has average ownership costs.
Is buying a BMW worth it?
BMWs are worth the money because they’re high-performance luxury cars that offer great interiors, a refined ride, high levels of comfort and some of the best tech features on the market. BMW is synonymous with high status and their vehicles deliver a driving experience that’s difficult to match.
How long will a BMW last?
Almost any BMW has the potential to run for up to 200,000 or even 250,000 miles with proper maintenance–and there are always going to be outliers that go further. Since every new BMW includes complimentary factory-recommended maintenance through BMW Ultimate Care, it’s easy to start off on the right foot.
Can you put regular gas in a BMW?
Most modern BMWs can run on regular gas, thanks to more electronic components, but this can place stress on parts including electronic knock sensors in your engine. These electronic components allow the engine to detect the type of gas it’s running on and adjust performance accordingly, avoiding damage to your engine.
Do BMWs break down often?
This is higher than the average for newer electric vehicles but as with all data-based reports the total percentage needs to be looked at as a number. The breakdown rate is actually 4.4% of the 16% total faults reported, meaning that, in reality, less than 1% of the total number of new BMW i3 owners are affected.
What are the pros and cons of owning a BMW?
Read on for a look at the key BMW pros and cons so that you can make an educated decision.
- Quality of Engines and Transmission (Pro)
- Quality of Interior (Pro)
- Foreign Car Manufacturer (Con)
- Less Depreciation Per Year (Pro)
- High Ownership Costs (Con)
- Bottom Line on BMW Pros and Cons.
What happens if you put cheap gas in a BMW?
Other things to consider: failing to use high-octane fuel in your premium vehicle could cause engine knock or pinging, which sounds like there’s a large woodpecker under your hood; you could experience damage to your components; and using the wrong octant level could even void your warranty. Ouch.
Do BMWs really need premium gas?
No matter your model, BMW recommends using only premium-unleaded fuel. That’s not to say your BMW won’t run on lower-grade fuel, but premium-unleaded fuel will maintain its quality in the long run, letting you drive at peak performance consistently.
Can I put 89 in my BMW?
BMW recommends that their drivers only use high-octane fuel, such as 91+ octane. This will help ensure you BMW performs at its best, though, as with any fuel option, there are some pros and cons to 91+ octane fuel.
What is the best gas station for BMW?
Worth gas stations that comply with Top Tier requirements are Chevron, Conoco, Exxon, Mobil, Phillips 66, Quik Trip, Shell, and Texaco. These oil companies pay to have their fuel tested and approved under stringent Top Tier standards.
Is Costco gas good for BMW?
We use Costco gas in all our BMW and other cars. I even use it in my Bmw m8 v8 with twin turbos. It’s perfect and works well. Kirkland Signature gas meets all Top Tier requirements, including Regular, Premium and Diesel.
Can I put 93 gas in my BMW?
BMW requires 91-octane fuel at a minimum, with 93 recommended, so we did just that, switching between the common forms of premium gas depending on which state you’re in.