- Car insurance on a BMW 128i costs around $1,284 per year, $642 for a 6-month policy, or around $107 per month.
- The 128i Convertible trim level is the cheapest to insure at around $1,248 per year. The most expensive trim is the S Coupe at $1,306 per year.
- Out of 20 vehicles in the 2013 small luxury car segment, the 128i ranks second for car insurance affordability.
How much does BMW 128i car insurance cost?
BMW 128i insurance rates average $1,284 a year, or about $107 each month. Drivers can plan on paying about $130 less each year to insure a BMW 128i as compared to the average rate for small luxury cars, and $444 less per year than the $1,728 average for all vehicles.
The next chart details how average auto insurance prices for the BMW 128i change with modifications to the rated driver age and the deductibles for comprehensive and collision coverage.
Average prices range from a low of $1,004 per year for a driver age 60 with $1,000 physical damage deductibles to a high of $2,900 annually for a driver age 20 with $250 physical damage deductibles.
The table below breaks down average BMW 128i car insurance rates for the 2008 to 2013 model years and for different driver ages.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2013 BMW 128i | $2,556 | $1,284 | $1,152 |
| 2012 BMW 128i | $2,505 | $1,258 | $1,129 |
| 2011 BMW 128i | $2,455 | $1,233 | $1,106 |
| 2010 BMW 128i | $2,406 | $1,208 | $1,084 |
| 2009 BMW 128i | $2,358 | $1,184 | $1,063 |
| 2008 BMW 128i | $2,310 | $1,161 | $1,041 |
The rate table below shows average annual and 6-month car insurance policy costs, in addition to a monthly insurance rate, for each 2013 BMW 128i trim level.
| BMW 128i Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| Convertible | $1,248 | $624 | $104 |
| Coupe | $1,306 | $653 | $109 |
| S Coupe | $1,306 | $653 | $109 |
Where does insurance cost rank for the BMW 128i?
The BMW 128i ranks second out of 20 total vehicles in the 2013 small luxury car category for car insurance cost. The 128i costs an average of $1,284 per year for full coverage insurance, while the class average cost is $1,414 annually, a difference of $130 per year.
When compared to other models in the 2013 compact luxury car category, auto insurance rates for a BMW 128i cost $150 less per year than the Mercedes-Benz C300, $38 less than the Volvo S60, and $160 less than the Audi A4.
The following chart shows how the average car insurance rate for a BMW 128i compares to the best-selling small luxury cars in America like the Lexus IS 350, BMW Z4, and the Cadillac ATS. An expanded table is also displayed after the chart displaying insurance cost rankings for all 20 compact luxury cars for the 2013 model year.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz SLK250 | $1,236 | -$48 |
| 2 | BMW 128i | $1,284 | -- |
| 3 | Mercedes-Benz SLK 350 | $1,288 | $4 |
| 4 | Volvo C30 | $1,316 | $32 |
| 5 | Volvo S60 | $1,322 | $38 |
| 6 | Lexus IS 350 | $1,350 | $66 |
| 7 | BMW 135i | $1,362 | $78 |
| 8 | BMW 320i | $1,366 | $82 |
| 9 | Lexus CT 200H | $1,380 | $96 |
| 10 | Lexus IS 250 | $1,388 | $104 |
| 11 | Mercedes-Benz C300 | $1,434 | $150 |
| 12 | Audi A4 | $1,444 | $160 |
| 13 | BMW 328i | $1,446 | $162 |
| 14 | BMW 328xi | $1,478 | $194 |
| 15 | Mercedes-Benz C250 | $1,506 | $222 |
| 16 | BMW 335xi | $1,510 | $226 |
| 17 | Cadillac ATS | $1,526 | $242 |
| 18 | BMW Activehybrid 3 | $1,530 | $246 |
| 19 | BMW 335i | $1,532 | $248 |
| 20 | Lexus IS F | $1,586 | $302 |
Additional insurance rates and insights
Some other relevant insights into BMW 128i insurance rates include:
- Getting older means cheaper auto insurance rates. The difference in insurance rates for a BMW 128i between a 50-year-old driver ($1,174 per year) and a 30-year-old driver ($1,336 per year) is $162, or a savings of 12.9%.
- Safe drivers have cheaper 128i insurance. Causing frequent accidents will increase insurance cost, potentially by an additional $1,818 per year for a 20-year-old driver and even as much as $416 per year for a 60-year-old driver.
- Age and gender affect car insurance rates. For a 2013 BMW 128i, a 20-year-old male driver pays an average price of $2,556 per year, while a 20-year-old female pays an average of $1,904, a difference of $652 per year. The females get much better rates. But by age 50, male rates are $1,174 and the cost for women is $1,148, a difference of only $26.
- Prepare for sticker shock for high risk insurance. For a 30-year-old driver, having too many driving record violations or accidents could end up with a rate increase of $1,586 or more per year.
- Policy discounts mean cheaper 128i insurance. Discounts may be available if the policyholders drive low annual mileage, are senior citizens, are loyal customers, work in certain occupations, or many other policy discounts which could save the average driver as much as $216 per year.
- Increasing deductibles lowers insurance cost. Raising your policy deductibles from $500 to $1,000 could save around $168 per year for a 40-year-old driver and $326 per year for a 20-year-old driver.
- The lower the deductibles, the higher the cost. Lowering deductibles from $500 to $250 could cost an additional $174 per year for a 40-year-old driver and $344 per year for a 20-year-old driver.
- Raise your credit score to score lower rates. Having a good credit rating over 800 could save an average of $202 per year when compared to a lower credit rating of 670-739. Conversely, a less-than-good credit score could cost up to $234 more per year.