Cheap BMW Auto Insurance in 2025 (Find Savings With These 10 Companies!)

Drivers looking for cheap BMW auto insurance will find the cheapest rates at Erie, Geico, and State Farm.

Finding the best auto insurance for luxury cars starts by shopping at the best companies for cheap BMW insurance.

Our Top 10 Company Picks: Cheap BMW Auto Insurance

Read this BMW car insurance review to learn all about BMW auto insurance and how to find cheap auto insurance for your BMW. We’ll discuss everything from what car insurance coverages you might want for your BMW to average BMW insurance costs. You can also enter your ZIP code into our free tool to start comparing quotes right away.

#1 – Erie: Top Pick Overall

Pros

• Customer Service: The majority of reviews are positive. Read more in our Erie review.
• YourTurn: You can save up to 30% on your insurance if you score well.
• Safety Feature Discounts: Having a BMW with the latest safety technology could help you save at Erie.

Cons

• Availability: You’ll have to check to see if Erie is sold in your state, as it isn’t available everywhere.
• Digital Tools: Erie’s online tools may be fewer than those of other companies.

#2 – Geico: Best for Government Discounts

Pros

• Government Discounts: Government employees can get a small discount from Geico on their auto insurance.
• Online Tools: Geico’s online tools have good customer ratings.  Learn more in our Geico auto insurance review.
• Financial Stability: A.M. Best gave Geico an A++ rating for financial management.

Cons

• Limited Add-Ons: Geico doesn’t offer as many add-ons as some companies. For example, it doesn’t sell gap insurance.
• Limited In-Person Interaction: BMW customers will communicate with Geico primarily over the phone or online.

#3 – State Farm: Best for Agency Network

Pros

• Agency Network: State Farm’s agency network makes it simple to find personalized help.
• Drive Safe & Save: BMW owners may be able to save up to 30% on their insurance with State Farm’s UBI program.
• Coverage Options: BMW owners should be able to find coverage for whatever need they have. Take a look at coverage options in our State Farm auto insurance review.

Cons

• Bad Credit Rates: In states where credit score is a rate factor, State Farm has higher rates for bad credit scores.
• Discount Savings: State Farm’s discount savings may be lower in some states.

#4 – Travelers: Best for Budgeting Tools

Pros

• Budgeting Tools: BMW drivers on a budget will benefit from Travelers’ budgeting tools.
• Flexible Coverages: Find what coverage fits your needs and adjust as needed. Learn more in our Travelers review.
• Discount Programs: Save up to 30% by participating in Travelers’ UBI program.

Cons

• Claims Experience: Claims processing doesn’t always have great reviews from customers.
• Rate Increases After UBI Participation: Travelers may raise rates in some states for poor drivers.

#5 – Progressive: Best for Loyalty Discounts

Pros

• Loyalty Discounts: Progressive offers rewards like small accident forgiveness to loyal customers. Discover more perks in our Progressive auto insurance review.
• Snapshot: Save up to 30% by driving safely in Progressive’s UBI program.
• Full Coverage Perks: Progressive throws in perks like pet injury coverage if customers carry full coverage insurance.

Cons

• Rate Increases After UBI Participation: Progressive may raise rates for bad drivers.
• Customer Satisfaction: Progressive struggles with negative reviews about claims processing.

#6 – American Family: Best for Accident Forgiveness

Pros

• Accident Forgiveness: Some BMW customers may be given accident forgiveness if they have great driving records.
• KnowYourDrive: Sign up for KnowYourDrive to save up to 30% on your policy. Discover more ways to save in our American Family auto insurance review.
• Customer Service: American Family focuses on community involvement and satisfied customers.

Cons

• Availability: American Family sells coverage in only a few states to most drivers, although Costco members will be able to purchase it in more states.
• Average Rates: American Family rates may not be as competitive for some driver demographics.

#7 – Nationwide: Best for Deductible Savings

Pros

• Deductible Savings: You can save on your deductible at Nationwide if you don’t file claims during a policy period.
• SmartRide: Nationwide’s UBI program may allow you to save up to 40%. Find more ways to save in our Nationwide auto insurance review.
• Coverage Options: Nationwide’s options include gap insurance and roadside assistance.

Cons

• Limited Agents: BMW drivers who prefer face-to-face help should know local agents aren’t available in every area.
• DUI Driver Rates: DUI drivers will see higher Nationwide rates, especially if they are repeat DUI offenders.

#8 – Farmers: Best for Safe Drivers

Pros

• Safe Drivers: Safe drivers will have the cheapest rates at Farmers and can qualify for good driver discounts.
• Discount Selection: Farmers has over 20 discounts, which you can read about in our Farmers auto insurance review.
• Coverage Selection: Protect your BMW with add-on coverage from Farmers.

Cons

• Limited Online Management: You will have to contact a Farmers’ representative for most policy issues.
• Claim Reviews: Farmers’ claims experience has mixed ratings from customers.

#9 – Allstate: Best for Multi-Policies

Pros

• Multi-Policies: Allstate sells much more than just auto insurance and offers a bundling discount for multi-policy purchases.
• Coverage Selection: Protect your BMW with coverages like new car replacement. Learn about Allstate’s options in our Allstate auto insurance review.
• Drivewise: Maintain safe driving habits to save at Allstate.

Cons

• Higher Rates for Some Demographics: Allstate’s affordability can change among different demographics, such as young drivers.
• Claim Reviews: Allstate’s claims experience isn’t always recommended by customers.

#10 – Liberty Mutual: Best for 24/7 Support

Pros

• 24/7 Support: Get assistance at any hour from a Liberty Mutual representative.
• Discount Choices: Learn about Liberty Mutual’s discounts for drivers in our Liberty Mutual auto insurance review.
• Coverage Choices: Fully protect your assets with options like better car replacement.

Cons

• Expensive Rates After Violations: If you have a DUI or other violations, Liberty Mutual’s rates are likely not your cheapest option.
• Claim Reviews: Liberty Mutual’s claims handling isn’t always well-rated.

BMW Auto Insurance Coverage Options

Plenty of BMW luxury car insurance coverage options are available. Your state may require you to carry some coverages, like liability. Liability auto insurance is one of the most important coverages on your BMW since it pays for other parties’ accident bills after an at-fault accident.

Learn more: How much car insurance do I need?

If your state only requires you to carry a low limit of liability insurance, we recommend carrying more than the minimum auto insurance requirement, or you could be stuck with huge bills after an accident.

BMW Auto Insurance Monthly Rates by Coverage Level

Your state may also require you to carry a form of medical insurance, such as medical payments coverage or personal injury protection insurance, to help pay for your and your passenger’s medical bills after an accident, regardless of fault.

You may also need to carry uninsured/underinsured motorist auto insurance, which helps cover your bills if you’re in an accident caused by someone else and they don’t have the proper insurance to cover your damages.

Collision auto insurance pays for your repair bills if you crash into another car or object. Comprehensive auto insurance pays for your repair bills if your car gets damaged by an animal collision, vandalism, or inclement weather, among other incidents.

When considering how much coverage to put on your BMW, consider how much you can pay for repairs and what coverages your vehicle needs. Generally, we recommend a full coverage policy consisting of liability, collision, and comprehensive coverages, as this offers the most protection.

BMW Auto Insurance Rates

How much is BMW insurance? BMW insurance quotes depend on what type of auto insurance you choose and the model you have. While a liability auto insurance policy costs less than a full coverage policy, your own car repairs don’t have coverage after an accident you cause.

Below, you can see the average BMW insurance cost by model and coverage:

BMW Auto Insurance Monthly Rates by Coverage Level & Model

On average, BMW M6 car insurance costs are the highest of all BMW models. One of the models with the cheapest BMW car insurance rates, the X3, has a purchase price of about half what a BMW M6 costs. So, you should always compare auto insurance rates by vehicle make and model to find the lowest BMW insurance premiums.

Two other factors that impact BMW car insurance rates are age and driving record. Auto insurance for teens and drivers with poor driving records is more expensive. Take a look at the table below to see age and driving record affect your BMW car insurance costs:

BMW Auto Insurance Monthly Rates by Driving Record, Age, & Model

If you’re a young driver, keeping a clean driving record will ensure your BMW rates decrease significantly as you age. You should also compare average auto insurance rates by age to find the best car insurance for your BMW.

Compare the Auto Insurance Costs Across BMW’s Models

If you own a more expensive model, make sure to compare rates to find the best BMW car insurance. Start by shopping for quotes at cheap companies like Erie.

How to Save on BMW Auto Insurance

Now that you know how much BMW car insurance costs, we’ll list a few things you can do to lower your auto insurance rates and save on your insurance for a BMW. The first thing you can do is see if there are any auto insurance discounts you haven’t qualified for yet at your insurance company. For example, you might be eligible for a good driver auto insurance discount.

Other steps to take to score the cheapest BMW auto insurance include:

• Raise your deductible. If your auto insurance deductible is low, raising it will reduce your auto insurance rates, but you shouldn’t raise it to an amount you can’t pay out of pocket after an accident.
• Get multiple BMW quotes. Shopping around for affordable BMW car insurance quotes will ensure you find the cheapest rates available in your area.
• Keep a clean driving record. Auto insurance companies check driving records, so safe drivers enjoy much cheaper BMW auto insurance rates than drivers with a traffic ticket, accident, or DUI on their record.
• Drop coverages. You could drop full coverage if your BMW is old and no longer worth much since liability-only is cheaper. In addition, you can eliminate add-on coverages such as rental car reimbursement, gap insurance, or roadside assistance to save on your BMW luxury car insurance rates.

Following the tips above can help you reduce your BMW car insurance rates. Just ensure you don’t sacrifice coverage for a cheaper rate, and take time to read customer reviews on a company before choosing insurance for a BMW.

Finding the Best Auto Insurance for a BMW

Since BMWs are luxury cars, the average auto insurance cost per month is naturally higher for BMW owners. BMW car insurance premiums are also more expensive for models with higher purchase prices, young drivers, and drivers with poor driving records.

You can reduce your car insurance rates by looking for discounts and shopping around for BMW insurance quotes. Compare rates with our free quote tool to get started finding the best rates for insurance on a BMW.