Insure Your BMW 320i For Less: Rates & Savings Insights

• BMW 320i insurance costs an average of $1,992 per year or around $166 per month, but can vary a lot based on the policy limits.
• When compared to other small luxury cars, the BMW 320i is one of the cheaper small luxury cars to insure, costing $86 less per year on average.
• With the cheapest insurance rates, the base 320i Sedan model costs an average of $1,964 per year to insure, while the xDrive Sedan costs $2,018 per year to insure.

How much does BMW 320i car insurance cost?

BMW 320i car insurance rates average $1,992 a year for full coverage, or $166 a month. Drivers can expect to pay around $86 less per year to insure a BMW 320i compared to the average rate for small luxury cars, and $229 less per year than the overall national average of $2,221.

The chart below illustrates average insurance rates on a 2018 BMW 320i using a range of driver ages, deductible levels, and risk profiles.

The table below displays the average yearly and semi-annual car insurance rates, in addition to a monthly budget estimate, for each BMW 320i model package and trim level.

The following table illustrates average insurance rates for a BMW 320i from the 2013 to the 2018 model years and for various driver ages.

Other rates and insights

A few additional observations as they relate to BMW 320i insurance cost include:

• Avoiding accidents keeps insurance rates low. Having a few at-fault accidents can really raise rates, potentially up to $2,828 per year for a 20-year-old driver and even $588 per year for a 50-year-old driver.
• High-risk BMW 320i insurance is expensive. For a 30-year-old driver, the need to buy a high-risk policy could trigger a rate increase of $2,436 or more per year.
• Cheaper rates come with better credit scores. Having a credit score above 800 could save $313 per year when compared to a rating of 670-739. Conversely, a mediocre credit score could cost as much as $363 more per year.
• The higher deductible you choose, the lower the policy cost. Increasing your policy deductibles from $500 to $1,000 could save around $320 per year for a 40-year-old driver and $620 per year for a 20-year-old driver.
• Lowering deductibles results in a more expensive policy. Decreasing deductibles from $500 to $250 could cost an additional $330 per year for a 40-year-old driver and $656 per year for a 20-year-old driver.
• Driving violations increase insurance rates. In order to have the best 320i insurance rates, it’s necessary to follow the law. A few minor traffic violations have the ramification of raising rates by as much as $524 per year. Major misdemeanors such as DUI or reckless driving could raise rates by an additional $1,834 or more.
• As you get older, car insurance rates go down. The difference in insurance rates for a 2018 320i between a 50-year-old driver ($1,766 per year) and a 30-year-old driver ($2,124 per year) is $358, or a savings of 18.4%.

How does 320i insurance compare to similar vehicles?

When average rates are compared to other popular small luxury cars, insurance on a BMW 320i costs $30 more per year than the BMW 330i, $146 less than the Mercedes-Benz C300, and $76 more than the Volvo S60.

The BMW 320i ranks sixth out of 19 comparison vehicles in the small luxury car class for most affordable insurance cost. The 320i costs an average of $1,992 per year to insure for full coverage and the class average auto insurance cost is $2,078 annually, a difference of $86 per year.

The table displayed below shows how BMW 320i car insurance rates rank against the rest of the compact luxury car market like the Acura TLX, Audi A4, and the Lexus IS 350.