BMW Insurance Costs | Youi

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How much does BMW insurance cost?

The cost of your BMW insurance with Youi will be based on a number of different factors including what type of model you have, your age, location, driving history and the type of cover you choose. To get an idea of Youi’s approximate annual premiums for Comprehensive car insurance, select your BMW model below.

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Model

ANNUAL PREMIUM RANGE:

$949 to $1,942

Insurance costs for the BMW 1 Series are about 14% lower than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$1,168 to $2,851

The average annual insurance premium for the BMW 2 Series is around 8% higher than the average for all other BMW models we cover.

ANNUAL PREMIUM RANGE:

$973 to $2,345

Compared to all other models of BMWs insured with Youi, the BMW 3 Series’ average annual insurance premium is about 0% higher.

ANNUAL PREMIUM RANGE:

$1,367 to $2,907

When insured with Youi, the BMW 4 Series has an average annual insurance premium which is around 32% higher than the other BMW models we insure.

ANNUAL PREMIUM RANGE:

$1,048 to $2,351

Insurance costs for the BMW 5 Series are about 6% lower than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$2,116 to $3,718

Compared to all other models of BMWs insured with Youi, the BMW 7 Series’ average annual insurance premium is about 52% higher.

ANNUAL PREMIUM RANGE:

$858 to $1,755

When insured with Youi, the BMW i3 has an average annual insurance premium which is around 12% lower than the other BMW models we insure.

ANNUAL PREMIUM RANGE:

$1,972 to $3,322

BMW M2 insurance is around 80% higher higher than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$1,545 to $3,885

Insurance costs for the BMW M3 are about 48% higher than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$2,214 to $4,353

The average annual insurance premium for the BMW M4 is around 116% higher than the average for all other BMW models we cover.

ANNUAL PREMIUM RANGE:

$989 to $1,926

Compared to all other models of BMWs insured with Youi, the BMW X1’s average annual insurance premium is about 18% lower.

ANNUAL PREMIUM RANGE:

$1,013 to $2,084

When insured with Youi, the BMW X2 has an average annual insurance premium which is around 12% lower than the other BMW models we insure.

ANNUAL PREMIUM RANGE:

$1,130 to $2,116

Insurance costs for the BMW X3 are about 9% lower than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$1,397 to $2,400

When insured with Youi, the BMW X4 has an average annual insurance premium which is around 8% higher than the other BMW models we insure.

ANNUAL PREMIUM RANGE:

$1,238 to $2,383

Insurance costs for the BMW X5 are about 3% higher than the average annual premium for all BMW models insured with Youi.

ANNUAL PREMIUM RANGE:

$1,723 to $3,447

The average annual insurance premium for the BMW X6 is around 44% higher than the average for all other BMW models we cover.

ANNUAL PREMIUM RANGE:

$1,941 to $3,683

Compared to all other models of BMWs insured with Youi, the BMW X7’s average annual insurance premium is about 49% higher.

ANNUAL PREMIUM RANGE:

$933 to $1,957

Insurance costs for the BMW Z4 are about 8% lower than the average annual premium for all BMW models insured with Youi.

Information about indicative premium ranges and comparisons

When we display the indicative Comprehensive premium range for a car make and model, or offer a comparison of how a model’s annual premium compares to Youi premiums for all models for that car brand, we adopt some important guidelines:

The information displayed is based on Youi internal data for Comprehensive policies sold for the make and model between 10 Nov 2023 and 10 May 2024.
To improve how useful our data is, we only calculate our average comparisons on models where Youi data is available on at least 10 sold Comprehensive policies for that model.
As you would expect, we get some higher or lower premiums based on different risk ratings, so the indicative range does not represent all Youi customers. 80% of applicable Comprehensive car premiums purchased by our customers fell within or below the indicative premium range shown.
Premiums and offers to insure are subject to rating & underwriting, and your own individual circumstances.

What’s the average cost for BMW car insurance?

When insured with Youi, the average cost of Comprehensive cover for BMW vehicles can vary between different models. Take a look at the list of BMW models here to see the average annual premium for each.

How we calculate these numbers

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BMW X1

$1,500

BMW 1 Series

$1,556

BMW i3

$1,609

BMW X2

$1,611

BMW X3

$1,660

BMW Z4

$1,678

BMW 5 Series

$1,714

BMW 3 Series

$1,815

BMW Average

$1,820

BMW X5

$1,873

BMW 2 Series

$1,966

BMW X4

$1,971

BMW iX1

$2,069

BMW 4 Series

$2,403

BMW iX3

$2,464

BMW X6

$2,612

BMW M3

$2,693

BMW X7

$2,720

BMW 7 Series

$2,760

BMW M2

$3,271

BMW M4

$3,930

Choose your cover

We’ve got a range of car insurance options for you to choose from to keep your BMW covered. Let us help take care of the insurance so you can focus on enjoying the ride!

Comprehensive car insurance

Includes cover for loss or damage to your car, plus damage your car causes to other people's cars and property.

Explore Comprehensive

Third Party Fire & Theft

Includes cover for your car against fire and theft, plus damage to other people's cars and property.

Third Party Fire & Theft

Third Party Property Only

Includes cover for damage to someone else's property.

Third Party Property Only

Comprehensive car insurance

Includes cover for loss or damage to your car, plus damage your car causes to other people's cars and property.

Explore Comprehensive

Third Party Fire & Theft

Includes cover for your car against fire and theft, plus damage to other people's cars and property.

Third Party Fire & Theft

Third Party Property Only

Includes cover for damage to someone else's property.

Third Party Property Only

Interesting facts about BMW

BMW originally made plane engines

Before WWI, BMW made engines for aeroplanes. After signing the treaty of Versailles in 1919 – which stipulated that Germany could no longer produce warplanes – BMW switched to making engines for automobiles.¹

BMW made an electric car in 1972

Back when Elon Musk was still in nappies, BMW produced an all-electric car for the 1972 Olympics in Munich. This electric version of the iconic BMW 1602 featured 12 lead-acid batteries connected to the undercarriage.²

They still make parts for vintage BMWs

BMW is beloved by vintage car enthusiasts because it’s one of the only companies that still produces parts for many of its older vehicles, some dating all the way back to the 1940s.³

The BMW building looks like an engine

Designed by architect Karl Schwanzer, the BMW ‘Hochhaus’ was inaugurated in 1973. This Munich headquarters resembles the four-cylinder engine that made BMW famous.⁴

Before WWI, BMW made engines for aeroplanes. After signing the treaty of Versailles in 1919 – which stipulated that Germany could no longer produce warplanes – BMW switched to making engines for automobiles.¹

Back when Elon Musk was still in nappies, BMW produced an all-electric car for the 1972 Olympics in Munich. This electric version of the iconic BMW 1602 featured 12 lead-acid batteries connected to the undercarriage.²

BMW is beloved by vintage car enthusiasts because it’s one of the only companies that still produces parts for many of its older vehicles, some dating all the way back to the 1940s.³

Designed by architect Karl Schwanzer, the BMW ‘Hochhaus’ was inaugurated in 1973. This Munich headquarters resembles the four-cylinder engine that made BMW famous.⁴

What might impact my BMW insurance costs?

Many different factors may affect your BMW insurance cost, including your age, location, car model and level of coverage. When you start a quote with Youi, we’ll do the maths and leave the driving to you!

Your age and driving history

How old you are, and how long you’ve been driving, is taken into consideration and can have an effect on how much you’ll pay for your insurance premiums. In addition to age and experience, your driving history is also considered.

The model of your BMW

Car insurance premiums are calculated based on what it would cost to repair or replace your vehicle. Therefore, pricier BMWs with higher-end features are likely to incur higher premiums.

Suburb where car is kept

Your location plays a significant role in how car insurance is priced. The crime rate in each suburb is a factor: if your car is parked in a suburb where there are high incidents of vandalism and theft, your insurance will tend to be higher compared with a safer suburb.

Level of cover

We offer a range of different options so you can choose the right level cover to suit your BMW insurance needs. With our Third Party Property Only option, if you’re involved in an incident and are at fault, your policy will generally only cover damage to the other person’s car or property. Alternatively, our Comprehensive car insurance option includes loss or damage to your car for insured events, as well as damage your car causes to a third party’s car or property.

Your age and driving history

How old you are, and how long you’ve been driving, is taken into consideration and can have an effect on how much you’ll pay for your insurance premiums. In addition to age and experience, your driving history is also considered.

The model of your BMW

Car insurance premiums are calculated based on what it would cost to repair or replace your vehicle. Therefore, pricier BMWs with higher-end features are likely to incur higher premiums.

Suburb where car is kept

Your location plays a significant role in how car insurance is priced. The crime rate in each suburb is a factor: if your car is parked in a suburb where there are high incidents of vandalism and theft, your insurance will tend to be higher compared with a safer suburb.

Level of cover

We offer a range of different options so you can choose the right level cover to suit your BMW insurance needs. With our Third Party Property Only option, if you’re involved in an incident and are at fault, your policy will generally only cover damage to the other person’s car or property. Alternatively, our Comprehensive car insurance option includes loss or damage to your car for insured events, as well as damage your car causes to a third party’s car or property.

FAQs

Got questions about our BMW insurance options? You might find the answers here.

VIEW THE PDS CAR INSURANCE TERMINOLOGY

The cost of BMW insurance will depend on a range of factors, including the model and its specifications. In saying that, the average annual Youi insurance premium for a BMW is $1,820. Compare this to some other car makes we insure, such as Lexus, with an average annual premium of around $1,257 and Mercedes-Benz, with an average annual premium of about $1,585. To get a specific idea of how much your BMW might cost to insure with Youi, start a quote.

How we calculate these numbers

There are many variables that may affect the cost of your car insurance, but on average, the BMW X1 is the cheapest BMW to insure if you choose Youi. The average annual Youi insurance premium for the X1 is around $1,500, which is about 18% lower when compared to the other BMW models we cover.

How we calculate these numbers

‘Excess’ refers to the amount of money you’ll need to pay if you make a claim that’s accepted by your insurer. If you’re fine with paying a large amount of excess (in the event that you have to make a claim), your annual insurance premium is likely to be lower. Excess is payable once your insurance company accepts your claim.

The cost of your insurance will depend on a number of factors, including how expensive it is to repair or replace your vehicle. With Youi, average annual insurance premiums for Honda cars tend to be less expensive when compared with the average cost of BMW insurance. However, we recommend that you start a quote with us today to find out for sure.

VIEW THE PDS CAR INSURANCE TERMINOLOGY

Guides

We’ve put together the following articles to help you navigate your car insurance needs and answer some commonly-asked questions.

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Do Police Pull Over Certain Cars More Than Others?

From high performance cars to luxury vehicles and family-friendly SUVs, are you more likely to attract the attention of police when you step behind the wheel of a specific vehicle?

October 14, 2022