BMW car insurance

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How much does it cost to insure a BMW?

The amount you pay for your premiums will depend on a few things.

Firstly, the model of your BMW will have an impact on price.

All cars are sorted into one of 50 different insurance groups to help insurers decide how much to charge for premiums.

Small, cheap and low powered cars are sorted into the lowest insurance groups, while more expensive, powerful cars are seen as riskier and put in higher insurance groups.

You can use our car insurance group checker tool to find out which group your BMW car falls into.

Insurers take into account lots of other things when calculating what to charge you, too, such as:

  • Where you live
  • Your driving history
  • If you keep your vehicle in a safe place overnight
  • Your annual mileage
  • Your job
BMW car insurance

What type of car insurance do I need?

You can choose from three levels of car insurance cover:

  • Third party only (TPO): This most basic level of insurance covers damage you cause to other people, or to their vehicle or property when driving your BMW. This is the legal minimum cover you can have in the UK
  • Third party, fire and theft (TPFT): TPFT covers damage to other people, their vehicle or property, plus your BMW is covered if it gets stolen or damaged by fire
  • Comprehensive: This extensive cover includes everything in TPFT cover, as well as repair or replacement costs if your BMW is damaged or written off and it’s your fault

There will also be the option to add extra protection to your policy. This includes:

  • Breakdown cover - Provides roadside assistance if your BMW requires repairs or recovery
  • Personal accident cover - This pays out if you have a serious injury or are killed in an accident. It covers loss of income and other expenses your family may incur
  • Motor legal protection - Helps cover the cost of legal expenses if you’re involved in a motoring accident that wasn’t your fault and are seeking compensation

How can I get covered?

Comparing prices is the best way to make sure you're fully covered for the right price.

We’ll just need to know a few things like:

  • Model and year of your vehicle
  • Your annual mileage
  • Modifications and changes to your car
  • Your car’s value
  • Driver details
  • Where the car is kept

How can I get cheaper BMW insurance?

There are a few things you can do which may help lower the price of your BMW motor insurance.

  1. Pay a voluntary excess

    Agreeing to increase the amount you’d pay if you made a claim can mean lower premiums. Always make sure that you’d be able to comfortably cover the excess if you need to

  2. Add a named driver

    If a more experienced driver also uses your car, adding them to your policy as an additional driver might reduce your premiums

  3. Avoid making any modifications

    Cars that have been changed from factory standard are considered high-risk by insurers

  4. Pay annually

    If you pay monthly, you’ll usually be charged interest

  5. Increase your BMW’s security

    If your BMW already has an alarm and/or immobiliser fitted, you could add a tracker. Check with your insurer whether this would make a difference to your premiums

Who is BMW?

Premium German car brand BMW began life in 1916 producing aircraft engines. It wasn’t until 1928 that it started producing automobiles.

Now known for its quality, luxury vehicles, BMW produce everything from SUVs to saloons, sporty convertibles to Tourers (Estates), plus the Gran Turismo and Gran Coupe.

Frequently asked questions

You might be offered an insurance package from the dealership when you buy your BMW, but this doesn’t mean it’s a great deal.

Comparing car insurance quotes from multiple providers is the best way to make sure you're getting the right cover at the right price.

Yes, most mainstream car insurers now offer electric car insurance and there are some insurance specialists that offer tailored cover for electric cars, too.

Electric car insurance offers the same three levels of cover as a policy for a petrol or diesel car – TPO, TPFT or fully comprehensive.

But it can include extras like:

  • Cover for your wall boxes and charging cables
  • Battery cover against damage, fire and theft
  • Breakdown recovery to your nearest charge point if you run out of charge

If you’re the proud owner of a classic BMW - a cool BMW 328 Roadster or a quirky BMW Isetta, perhaps - you’ll want to make sure it’s protected.

Depending on what you use your classic car for you may be able to use a standard motor insurance policy, but there are also specialist classic car policies available. These can provide extra cover, for instance when you’re displaying your car at a vintage car fair, or while it’s being restored.

£4 million refunded to customers with free excess cover^^

If you need to claim, we’ll pay £250 towards your excess^. Just another reason to make your life choices on Go.Compare.

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^Up to £250 refunded after claim settled. Car insurance purchases only. Excludes breakdown, windscreen and glass repair/replacement. Full T&Cs apply.

^^Based on Go.Compare analysis of successful claims, August 2019 - June 2022.

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