How much more expensive is it to insure a BMW?
Asked by: Kamille Franecki | Last update: October 7, 2025Score: 4.3/5 (60 votes)
Is BMW more expensive insurance?
BMWs are known as a premium car make. Since they may be more expensive to repair or replace, your BMW car insurance may cost more than insurance for, say, a Honda or Nissan car of the same size. Find out more about the factors that affect car insurance rates.
Is it more expensive to own a BMW?
Maintaining a BMW can vary depending on the model and year, but generally speaking, yes, it can be more expensive than other cars. Here's why: Parts and Labor Costs: BMWs are luxury vehicles, and with that luxury comes a higher price tag for both parts and labor.
How good is BMW car insurance?
BMW Car Insurance is 5 Star rated and provides one of the highest quality offerings in the market. OUR FLEXIBLE, MONTHLY PRODUCT.
What is the downside of BMW?
High Ownership Costs (Con)
Owning a BMW comes with higher-than-average ownership costs. Premium gasoline, high-end tires, imported parts, and specialized labor contribute to the overall expenses. Additionally, BMWs typically require synthetic oil changes, which further elevate maintenance costs.
M140I AT AGE 19 - How did I insure it? *INSURANCE TIPS*
Is it expensive to maintain a BMW car?
BMW Maintenance Costs
BMW models average around $16,218 for maintenance and repair costs during their first 10 years of service. This is more than the industry average for luxury brands by $3,114. There is also a 46.33% chance that a BMW will require a major repair during that time.
What salary do you need to buy a BMW?
The average household income of a new BMW 7-Series buyer is $184,170. On the other hand, the popular BMW 2022 3-Series has a starting MSRP of $41,450 for the 330i. The average household income of a new BMW 3-Series owner is $116,550.
How much is an oil change on a BMW?
How much an oil change for a BMW costs can depend on the model and the dealership. Last year, the average price nationally for a BMW 328i was between $149 to $174.
Do BMWs require premium gas?
To best maintain your BMWs engine and allow it to perform properly, premium gasoline is required. It will maintain the turbochargers and promote more stable ignition timing. Overall, long-term use of the wrong fuel can cause engine damage and decrease fuel efficiency.
Is it expensive to insure a used BMW?
The average cost of car insurance for BMW models is about $3,846 per year. This is $951 worse than other luxury brands.
Is a BMW considered an expensive car?
Even though things have changed, and vehicles from non-luxury brands may be considered luxury vehicles if they meet certain standards, the following brands are best known for producing luxury vehicles: Aston Martin. BMW. Bentley.
Is insurance higher for luxury cars?
Insurance for luxury cars almost always costs more than the national average cost of a policy. This is largely due to the higher repair costs.
Which BMW is the cheapest to insure?
- BMW 2 Series Gran Tourer (groups 10-22)
- BMW 2 Series Gran Coupé (groups 17-36)
- BMW 1 Series hatchback (groups 16-28)
- BMW X1 (groups 22-35)
- BMW 3 Series Saloon (groups 24-42)
- BMW iX2 (groups 31-38)
Are BMWs hard to insure?
Yes, a BMW is expensive to insure, since a BMW is a luxury vehicle, it is expensive to repair or replace after an accident. State-minimum insurance for a BMW costs about $3,112 per year, based on multiple third-party sources online, compared to $1,407 per year for the average vehicle.
Can anybody change oil in a BMW?
If you have little experience with car maintenance, it is recommended that you take your BMW to a professional mechanic who has experience with BMWs. However, if you have the necessary knowledge and tools, changing the oil yourself can save you money.
Are BMWs reliable?
BMW scored 184 problems per 100 vehicles, with 186 as the average, for vehicles in service since the 2020 model year. So yes, BMW's reliability is still up there! iSeeCars: The BMW M6 is on a top 10 list from iSeeCars of the Longest-Lasting Sports Cars, with some lasting over 200,000 miles.
Why are BMW oil changes so expensive?
BMW oil changes tend to be pricier than those for other brands due to several factors. The high-quality synthetic oil used in BMWs, advanced engineering, and specialized tools and equipment contribute to the higher cost. Additionally, the maintenance required for BMWs ensures optimal performance and longevity.
What is the average income of a BMW owner?
In the U.S., the mean household income across the BMW line is $163,000, ranging from $140,000 for 3-series buyers to $260,000 on the 7-series. And the automaker has weathered an anti-Yuppie backlash from the 1980s to make it OK for the well-heeled to own BMWs once again.
How much do I need to make to buy a $100000 car?
In that case, you need to consider groceries, utilities, and other household expenses. To afford a $100,000 car, it's probable you need to make $300,000 a year conservatively after taxes.
How expensive is owning a BMW?
On average, it will cost $92,495 to own a BMW for 5 years. This includes depreciation, insurance, maintenance, financing charges and fuel costs.
What BMW is the least expensive to maintain?
The BMW 3 Series is one of the most affordable models to maintain, which is one reason why it's also one of the most popular. You'll be happy to know some BMWs come with a free maintenance period.
How much is a BMW tune up?
In general, you should expect to service your BMW every 10,000 or once per year. Experience has shown that a minor service including oil, filters, and inspection will cost between $200 and $400, while a major service including transmission services will cost between $400 and $600.