How much does a BMW cost to insure?
From high-performance sports cars to luxury 4x4s, there’s a huge range of cars to choose from if you want a BMW. However, the amount you’ll pay for your car insurance can vary depending on the model you choose.
The most popular BMW cars to buy in the UK are the BMW 1 Series, the BMW 3 Series Saloon, the BMW 5 Series Saloon, and the BMW X Series models. These all topped the list for cars sold by the company in 2019, before the pandemic caused huge disruption to the car production market.
The popular BMW 1 series of cars is marketed at families and the average cost of insurance varies widely depending on the model and trim. As a guide, the popular BMW 118I Sport has an average annual premium of £927* a year.
Another popular range is the BMW 3 series saloon car, which is slightly more expensive to buy and insure. Average annual insurance costs for the common BMW 320D SE (163) model are around £1,341*.
If you want a bigger car with more space, the BMW 5 series could be more suitable and again can vary wildly in insurance price depending on the age, condition and spec of your model. Average premium for the BMW 520D SE is £1,117* per year, for example, while the 525 will set you back a slightly higher £1,209*.
There’s also the X series of cars, which now includes an all-electric model. A standard BMW X5 has an average premium of £1,431 according to our data.
*These prices are an average based on the model, and all our customer quotes from 14/01/21 – 14/06/21. This includes different locations, driving background and other factors. Your own quote could be cheaper or more expensive depending on your personal circumstances.
All information on this page was last reviewed on 29/07/2021, see T&C.
The history of BMW
BMW, which stands for Bavarian Motor Works, was founded in Germany in 1916. A year later in 1917 all of its products featured the now famous logo, which incorporates the Bavarian state colours.
All manufacturing took place in sites across Germany to start with and after the Second World War many of these were temporarily closed. It wasn’t until 1951 that it produced its first car after the end of the war, which was the 501.
In 1972 BMW opened a plant in South Africa but it wasn’t until 1989 that it opened the first production facility in the USA, in South Carolina. This move sealed it as a global player in the automotive industry and the American site was built to produce the BMW Z3 Roadster.
It’s come along in leaps and bounds since the 70s and bought some other big brands, including the iconic British Mini brand, which was relaunched in 2001 with the Mini Hatch.
It now sells its luxury cars across the globe, including a range of electric vehicles. Along with BMW, Mini and Rolls Royce are both incorporated within the BMW group.