Based on the parts and value of the vehicle, the cost to insure a 2019 BMW is significantly higher than the national average cost of car insurance, which is based on a 2019 Toyota Camry.
How much is car insurance per month for a BMW?
Our great average car insurance cost per month research has found that the average BMW car insurance cost (for 30 year old drivers) on model year 2017 is $292 a month or $3,500 a year.
Are old BMWs expensive to insure?
Although they are hardly on the economical end of the price scale, they aren’t exorbitantly expensive to insure either. … If you’re thinking about buying one of these vehicles, you should be aware that the average yearly cost to insure one is $1,966.82, and BMW autos are ranked 30th out of 36 in terms of insurance rates.
Is BMW or Mercedes cheaper to insure?
According to car insurance quotes from Jerry customers, BMWs are a little cheaper to insure than Mercedes-Benz. Our data shows that BMWs have an average monthly premium of $261, while for Mercedes-Benz it’s $272—so it’s not a huge difference, but still, every dollar counts if you’re trying to save.
Why shouldn’t you buy a BMW?
Many experienced owners and mechanics will insist that you stay the hell away from used BMWs. They are simply not worth the money you will no doubt have to pour into them. They break easily, the parts are expensive and the labor costs are astronomical.
Why is insurance so expensive for BMW?
As a luxury vehicle manufacturer, BMW models can be expensive to insure. This is because expensive cars usually cost more to repair and replace.
Is BMW expensive to maintain?
BMWs cost a lot to maintain
According to Your Mechanic, BMWs are easily the most expensive car brand to maintain. It’s not even a close contest. BMW is in first place, with an average maintenance cost over 10 years of $17,800. … This is mostly because these luxury cars use expensive, high-end parts.
How long do BMW engines last?
Usually 200,000-250,000 miles with good maintenance.
How much will a BMW raise my insurance?
BMW Insurance Quotes
Car insurance for a BMW costs $1,788 per year: 25% more than insurance for a typical car. Since BMW insurance is more expensive than average, you should do your due diligence when shopping for a policy.
What is the most expensive car to insure?
The Tesla Model S Performance is the most expensive car to insure among top-selling 2021 vehicle models.
The Most Expensive Cars to Insure.
|Vehicle||Average Annual Premium|
|Nissan Altima 2.0 S||$2,130|
|Tesla Model 3 Standard Plus||$2,447|
|Volvo XC90 T8 Inscription||$2,456|
Which luxury car is cheapest maintenance?
6 Luxury Cars With Lowest Maintenance Cost You Should Consider Buying
- Audi A4. Audi A4 is a beacon of reliability within the automotive industry. …
- Buick Regal. Now you might be wondering why I am including a Buick in this list for luxury cars with low maintenance cost. …
- Lexus IS. …
- Tesla Model S. …
- Lexus LS. …
- Lexus GS.
What state has the highest car insurance?
- The most expensive state for full coverage auto insurance is Michigan, at roughly $4,003, over three times the national average of $1,265.
- The least expensive state for full coverage auto insurance is Maine, at roughly $589, 53.4% below the national average.
Is car insurance higher for luxury cars?
Because car insurance is designed to protect your vehicle, the high price of a luxury car inevitably leads to higher insurance costs. For the models included in our survey, the average annual insurance premium for a luxury car was about 18% higher than the cost of insuring a moderately priced sedan.