The Independent’s journalism is supported by our readers. When you purchase through links on our site, we may earn commission. Why trust us?
Annual BMW car insurance premiums typically range from £600 for basic third-party cover to £2,000+ for comprehensive policies. Expect to pay more for high-performance M models and less for cheaper series such as the 1 Series.
Specific variables that increase BMW insurance rates include:
In calculating premiums, insurers mainly examine the following:
Recent accidents, traffic violations and disqualifications raise rates substantially. A clean record lowers costs.
Policies for daily-driver BMWs cost more than those covering occasional recreational use. Mileage also impacts premiums.
Insurers offer discounts for approved alarms, immobilisers, tracking devices and secure garaging. These deter theft.
Lower coverage levels reduce premiums but leave drivers exposed if a major claim occurs. Finding the right balance is key.
Here are some top ways to get cheaper BMW insurance in the UK:
The key to affordable BMW cover is shopping around, optimising risk factors and leveraging discounts. Taking the time to compare specialist BMW insurers on comparison sites yields the best opportunity for savings.
BMWs typically span a wide range of groups from 10 to 50 depending on model, engine specifications and trim level. More powerful models sit in higher groups.
BMWs have a reputation for being well engineered and dependable if maintained properly. But as premium vehicles, maintenance costs are higher than average.
Yes, BMWs tend to have strong residual values compared to competitors thanks to their prestige image, performance and build quality.
Yes, BMW offers many plug-in hybrid, hybrid and all-electric iPerformance models, such as the 530e, X5 xDrive45e and iX3. More electric vehicles are planned.
The 1 Series hatchbacks and 2 Series Coupe in lower trims tend to offer the most affordable options for BMW buyers. Used BMWs can also provide value.
Increasing excess, limiting mileage, adding experienced drivers, improving security and comparison shopping help cut BMW insurance costs.
