How can I save on my BMW car insurance?
There are a few things you can do to save on your car insurance regardless of your age, location and driving history:
Shop around and compare quotes
Compare prices to make sure you're getting the best deal for your cover. According to our data you may find the best prices for your policy if you buy cover around 26 days before your renewal date2.
Estimate your mileage accurately
Typically, the more miles you drive, the more your insurance will cost. This is because driving more puts you at a higher risk of making a claim. Our customers drive 6,500 miles per year, on average2. If you don't drive many miles, you might benefit from a pay-as-you-go policy.
Improve your car's security
pto reduce the chance of car theft. Adding a steering wheel lock, car tracker or immobiliser can all help. If you have the option, parking in a secure garage rather than a dimly lit street can also help reduce the risk of your BMW being stolen.
Build up your no-claims bonus (NCB)
Most insurers will offer a discount for each year of NCB you've got. Look out for policies with NCB protection available as this will allow you to make a certain amount of no-fault claims without losing your NCB.
2Based on Confused.com data October - December 2023.
Pay annually rather than monthly
It can cost up to 20%2 more to pay for your insurance monthly rather than with one annual payment. This is due to the additional interest costs insurers add to your total monthly price.
Add a named driver
Adding a driver with a good driving record and experience to reduce the cost of your insurance. Young drivers in particular can benefit from this, although you need to be honest about who the main driver is. Otherwise you may 'fronting', which is illegal and likely to invalidate your insurance.
Increase your voluntary excess
Many drivers opt for a voluntary excess of £250. But, the higher you set your excess, the lower the cost of your insurance may be. If you can afford to set it a little higher, you might be able to reduce your overall costs.
What insurance can I get for my BMW?
There are three levels of car insurance you can choose from:
- Third-party, fire and theft
- Fully comprehensive
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