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Car Insurance for BMW

Simplify your car insurance search and quickly and easily find cover online for your BMW.

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Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
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, updated on February 16th, 2024       

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BMW is a leading luxury car brand in Australia, offering a range of models that combine style, performance and cutting-edge technology. Whichever model you have, it’s essential you have appropriate car insurance cover in place. 

Whether you drive a 1 Series or BMWi, you can compare multiple car insurance options online for your BMW. Get quotes from leading insurers in Australia so you can find the cover that suits your needs. Get started today with a free, no-obligation quote.

BMW X5

How much does it cost to insure a BMW in Australia?

The insurance costs for a BMW in Australia can vary depending on a number of factors relating to your car, your insurer and yourself.

To give an example, if you wanted to insure your 2020 BMW 3 Series 4-door sedan, you could expect to pay premiums of between approximately $1,538 and $4,340 annually, or $148 and $406 per month, assuming a $900 excess. This is based on the following assumptions:  

  • 40-year-old male driver living in Sydney (postcode 2000)
  • Average distance driven per year of 15,000km
  • Car used only for personal use, such as commuting to work
  • No claims in the past five years
  • Car parked in a garage

Please note the above premiums were sourced in June 2023 from a range of Australian car insurance providers. This quote may change depending on a number of factors specific to you and your profile.

You can compare offers for all BMW models currently available in Australia, including the following:

  • 1 Series
  • 2 Series
  • 3 Series
  • 4 Series
  • 5 Series
  • 7 Series
  • 8 Series
  • BMW M, including the M3
  • BMWi
  • X Range: X1, X2, X3, X4, X5, X6, X7
  • Z4

What factors can influence the car insurance price for my BMW?

Annual mileage

How much and how far you drive your BMW can impact your insurance cost. Higher mileage generally implies more time on the road and increases the likelihood of accidents, so insurers may charge more. Meanwhile, driving less could reduce your premiums.

Parking location

Where you park your BMW overnight or during the day can affect your insurance rate. If you have a secure garage or live in an area with low crime rates, your premiums may be lower compared to parking on the street in a high-theft or high-accident area.

Claim history

Your previous car insurance claim history can influence the cost of insuring your BMW. If you have a history of filing claims for accidents or damage, insurers may view you as a higher risk and increase your premiums accordingly.

Vehicle modifications

Modifications made to your BMW, such as engine enhancements, body kits or aftermarket accessories, can affect your insurance premium. Insurers may consider modified vehicles to have a higher risk of accidents or theft, leading to potentially higher premiums.

Age and driving experience

Younger and less experienced drivers often face higher insurance premiums due to their higher risk profile. Meanwhile, more experienced drivers may enjoy lower premiums as their track record demonstrates responsible driving behaviour and reduced risk of accidents.

Types of car insurance for BMW

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Disclaimer:

Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.

Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.

BMW X5

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