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Annual BMW car insurance premiums typically range from £600 for basic third-party cover to over £2,000 for comprehensive policies. Expect to pay more for high-performance M models and less for cheaper editions, such as the 1 Series.
When calculating premiums, insurers mainly examine the following:
Recent accidents, traffic violations and disqualifications raise rates substantially. A clean record lowers costs.
Vehicles with larger, more powerful engines have higher premiums, as do premium editions such as the M and Alpina models.
Daily-driver policies for BMWs cost more than those covering occasional or recreational use. Mileage also impacts premiums.
Insurers offer discounts for approved alarms, immobilisers, tracking devices and secure garaging. These security measures deter theft.
Lower coverage levels reduce premiums but leave drivers exposed if a major claim occurs. Finding the right balance is key.
Here are some top ways to get cheaper BMW insurance in the UK:
BMWs typically span a wide range of groups, from 10 to 50, depending on the model, engine specifications and trim level. A 1 Series hatchback will be in groups 16 to 28, a 4 Series coupe in groups 30 to 42 and an i7 saloon will be in group 50.
BMWs have a reputation for being well-engineered and dependable if maintained properly. But as premium vehicles, maintenance costs are higher than average.
Yes, BMWs tend to hold their value compared to competitors, thanks to their prestige, performance and build quality.
Yes, BMW offers many plug-in hybrid, hybrid and all-electric iPerformance models, such as the i5 eDrive 40 and the iX2 xDrive30.
The 1 Series hatchbacks and 2 Series coupe in lower trims tend to offer the most affordable options for BMW buyers. You could also purchase a used vehicle to reduce costs.
