Cheapest Insurance For A Bmw
By the Editorial Staff
March 16, 2026
BMW insurance costs an average of $599 for minimum coverage and $2,051 for full coverage annually, with the cheapest rates from State Farm. Cheap BMW Auto Insurance in 2026 (Find Savings With These 10 Companies!) Erie, Gieco, and State Farm are our top picks for cheap BMW auto insurance. Erie has the lowest BMW insurance rates, with minimum coverage averaging $32/mo.
However, BMW car insurance costs vary by model. BMW is a luxury car brand that's known for performance. J.D.
Power rated BMW vehicles highly for their dependability, and car enthusiasts often praise the cars' handling and luxurious build. But that luxury and performance will come at a high cost. The cheapest new BMW starts at over $41,000.
BMWs. BMW's higher sticker prices tend to lead to higher average car insurance rates compared to more budget-friendly models. That said, car insurance rates are highly individual.
BMW insurance costs: by company, cheapest, & most expensive models Explore average insurance costs by model year for BMW vehicles. State Farm, Allstate, and USAA are among the top picks for BMW insurance, with State Farm offering the best value at $2,190 annually. Travelers has the cheapest BMW car insurance at $199 a month.
This is less than half the average of $420 a month for recent BMW models. BMW insurance cost by model The BMW X1, a compact SUV, is the cheapest BMW vehicle to insure - a full-coverage policy costs $192 per month, on average. On the other hand, the 7 Series sedan is the most expensive BMW to insure, at $350 per month.
BMW Car Insurance Costs & Cheapest Companies in 2026 Full-coverage car insurance for a BMW costs an average of $242 per month. But insurers like Travelers offer lower rates depending on your model, coverage levels, and driver profile. Cost of BMW insurance by model Your BMW model affects the average cost of car insurance, but the price difference isn't huge.
Average monthly quotes for BMW liability insurance range from $113 to $144 - a $31 difference between the highest and lowest costs.