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BMW car insurance

Compare car insurance prices for your BMW and find a cheaper deal

Why buy cheap BMW insurance from us?

  • Find affordable cover for your BMW
  • See prices from over 110 insurers
  • It’s fast free and easy

Who is BMW?

BMW is a famous German car manufacturer that’s known for luxury vehicles and motorcycles. However, when BMW – or Bayerische Motoren Werke – was founded in 1916, its purpose was to create aircraft engines. 

The BMW range includes SUVs, hatchbacks, and sedans. The sportier models often appeal to drivers in their 20s, while larger BMWs make great family cars.

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How much does a BMW cost to insure?

The cost of insuring a BMW will depend on the model you have, as well as factors such as your age and driving history. 

 

Insurance providers sort cars into different insurance groups, with one being least expensive and 50 the most expensive. If you drive a powerful BMW, it’s likely to be in a high insurance group.

 

The most expensive BMW model to insure is predictably the futuristic I8, while the cheapest BMW to insure is the Z3 roadster – probably because it stopped being produced in 2002. 

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    Three most popular models2

    1. 320 - £888 /year to insure  
    2. 318 - £897 /year to insure
    3. 118 - £874 /year to insure

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    Three most expensive models2

    1. I8 - £2,277 /year to insure
    2. M140I - £1,566 /year to insure
    3. M140I Shadow Ed. - £1,549 /year to insure

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    Three least expensive models2

    1. Z3 - £358 /year to insure
    2. Z4 - £429 /year to insure
    3. X1 - £566 /year to insure

2Based on fully comprehensive car insurance policies with one driver holding a full UK licence. Data collected between September 2020 and March 2021, accurate as of May 2021.

 

Who drives a BMW?

BMWs are more commonly found in London than anywhere else, with almost 22% of all BMWs insured through MoneySuperMarket located in the capital.

When it comes to age, BMW drivers are most likely to be in their 20s or 30s – together they account for over two thirds of all BMW owners insuring through MoneySuperMarket2.

 

Average car insurance premiums by age and policy type

2Based on fully comprehensive car insurance policies with one driver holding a full UK licence. Data collected between September 2020 and March 2021, accurate as of May 2021.

 

What cover do I need for my BMW?

There are three main types of car insurance policy available. These are:

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Fully comprehensive

Fully comprehensive covers you and your car as well as any third-parties involved in an accidentis - it offers the most complete protection available

£912 on average2

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Third-party, fire and theft

Third-party, fire and theft pays out for damage to the third-party, their vehicle and their property, but only covers your car against theft or fire 

£1,254 on average2

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Third-party only

Third-party only covers the third-party, their vehicle and their property - not you or your caris. It's the legal minimum in the UK

£1,910 on average2

2Based on car insurance policies with one driver holding a full UK licence. Data collected between September 2020 and March 2021, accurate as of May 2021.

What extra features can I add to my BMW policy?

Most insurers allow you to add extra features to your car insurance policy. These include:

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Breakdown cover

Breakdown cover pays out for roadside assistance if your vehicle breaks down

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Motor legal protection

Motor legal protection covers legal costs you might face related to a car insurance claim

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Personal accident cover

Personal accident cover pays out compensation if you’re injured or killed in an accident

Often available as an option, these extras will usually mean paying higher premiums, so it’s worth considering whether you really need them. You can learn more about the different extras available with our guide to car insurance policy features.

How can I cut the cost of my BMW insurance?

Ways you might be able to lower your car insurance premiums include:

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    Improving your car's security

    Alarms and immobilisers are features that make your car more secure, and insurers offer reduced premiums in return for the lower risk 

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    Avoiding small claims

    If you can avoid making any claims in a year, you'll start to accumulate a no-claims discount - this will earn you increasingly cheaper cover

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    Lowering your mileage

    Driving fewer miles means spending less time on the road. You're less likely to be involved in an accident, making you a lower claim risk

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    Paying premiums annually

    Paying annually generally works out cheaper than spreading the cost over 12 months, if you can afford to pay the lump sum

Where can I find BMW car insurance?

It’s easy to find car insurance for your BMW when you compare quotes with MoneySuperMarket. Just tell us a bit about yourself, your car, and the level of cover you want, and we’ll show you a list of deals that match your requirements.

You can compare the options available by the cost of the policy, the cover you’ll receive, and the excess you’ll need to pay to make a claim. And once you’ve found the deal you want, all you have to do is click through to the provider’s page to finalise your purchase.

 


 

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