Quick Answer: Why is insurance so expensive for BMW?

Is it more expensive to insure a BMW?

The cost of owning a BMW goes beyond its above-average MSRP. Car insurance for a BMW costs $1,788 per year: 25% more than insurance for a typical car. Since BMW insurance is more expensive than average, you should do your due diligence when shopping for a policy.

Why are BMWs so expensive to insure?

As we said, BMW’s will cost more to insure than a more affordable city car. This is because they are considered high-end, high-performance cars that will cost more money. … The extra safety features on BMW’s nowadays help bring the insurance down, but there are also external factors that affect insurance as well.

Is insurance cheaper on a BMW or Mercedes?

BMWs are no more expensive to insure than rivals from other premium brands such as Audi and Mercedes.

Is Audi or BMW more expensive to insure?

The difference in actual cost to own is because the BMW costs slightly more to repair and gets a bit less fuel mileage, but the primary difference is that it costs more to insure a BMW Sedan. Over the initial 5 year ownership period, an Audi A4 sedan will cost about $2,138 per month to insure, for a total of $11,464.

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Are BMWs worth buying?

If you’re hesitating, it’s likely because of the sticker price. These vehicles do cost more than some other models, but they also have features that you can’t get from any other manufacturer. These are some reasons why BMWs are worth the expense in terms of quality, luxury, performance, and reliability.

Are BMW good cars to buy?

According to leading research on the matter, BMWs are quite reliable. There are many brands on the car market today that are reliable, including those that are produced by Japanese car manufacturers. BMW models are typically rated average or below average by car magazines and hobbyists.

Are BMW hard to insure?

Based on the parts and value of the vehicle, the cost to insure a 2019 BMW is significantly higher than the national average cost of car insurance, which is based on a 2019 Toyota Camry. … If you drive a BMW 330i or a similar model, the factors reviewed here may contribute to your insurance costs.

Are BMW overpriced?

Are BMWs Overpriced? Compared to similar luxury cars, BMWs are not overpriced. However, when you consider fuel economy, ease of repair and maintenance, parts availability, and service cost, they may be considered overpriced. The sticker price of a BMW car typically falls at the higher end of the spectrum.

How much does it cost to insure an AMG?

Mercedes AMG C63 car insurance rates average $2,256 per year (about $188 per month) for full coverage, depending on policy limits. With the cheapest insurance rates, the AMG C63 Sedan model costs an average of $2,088 per year to insure. The AMG C63 S Coupe is the most expensive to insure at $2,396 for an annual policy.

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