- The average BMW 745e insurance cost is $2,552 per year, or $213 per month for full coverage.
- Out of 25 models in the 2022 full-size luxury sedan segment, the BMW 745e ranks ninth for overall insurance affordability.
How much does BMW 745e insurance cost?
BMW 745e insurance costs around $2,552 annually for full coverage, or about $213 a month. The 745e costs $188 less per year to insure than the average large luxury car, and $669 more per year than the $1,883 average for all vehicles (non-luxury included).
The next chart illustrates how 745e car insurance rates fluctuate based on the age of the driver and the policy deductibles.
How do 745e car insurance prices rank?
The BMW 745e ranks ninth out of 25 comparison vehicles in the 2022 large luxury car class for the most affordable insurance cost. The 745e costs an average of $2,552 per year for a full coverage policy, while the segment average cost is $2,740 per year, a difference of $188 per year.
When average rates are compared to other popular large luxury cars, insurance prices for a BMW 745e cost $518 more per year than the Audi A5, $332 less than the BMW 740i, and $468 less than the Porsche Panamera.
The table displayed below shows where insurance cost for a BMW 745e ranks against other competitors in the full-size luxury sedan segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Audi A5 | $2,034 | -$518 |
| 2 | Volvo S90 | $2,244 | -$308 |
| 3 | Lexus LS 500 | $2,330 | -$222 |
| 4 | Mercedes-Benz AMG E53 | $2,368 | -$184 |
| 5 | Genesis G90 | $2,374 | -$178 |
| 6 | Mercedes-Benz AMG GT43 | $2,422 | -$130 |
| 7 | Lexus LS 500h | $2,492 | -$60 |
| 8 | BMW 840i | $2,508 | -$44 |
| 9 | BMW 745e | $2,552 | -- |
| 10 | Mercedes-Benz EQS 450 | $2,614 | $62 |
| 11 | Infiniti Q60 | $2,624 | $72 |
| 12 | Mercedes-Benz S500 | $2,654 | $102 |
| 13 | Audi RS 7 | $2,660 | $108 |
| 14 | Mercedes-Benz EQS 580 | $2,680 | $128 |
| 15 | BMW M850i | $2,858 | $306 |
| 16 | Mercedes-Benz S580 | $2,864 | $312 |
| 17 | BMW 740i | $2,884 | $332 |
| 18 | Audi S8 | $2,928 | $376 |
| 19 | BMW 750i | $2,960 | $408 |
| 20 | Audi A8 | $2,964 | $412 |
| 21 | Porsche Panamera | $3,020 | $468 |
| 22 | Mercedes-Benz S560 | $3,152 | $600 |
| 23 | BMW Alpina B8 | $3,306 | $754 |
| 24 | BMW M760i | $3,414 | $862 |
| 25 | Mercedes-Benz Maybach S580 | $3,586 | $1,034 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2022 model year. Updated February 23, 2024
Additional key rates and potential discounts
A few additional key data observations about insuring a BMW 745e include:
- Car insurance for high-risk drivers is expensive. For a 40-year-old driver, the requirement to buy a high-risk policy can cause a rate increase of $3,062 or more per year.
- Young male drivers pay the highest rates. For a 2022 BMW 745e, a 20-year-old man will pay an estimated rate of $5,134 per year, while a 20-year-old female will pay an average of $3,672, a difference of $1,462 per year. Women get significantly cheaper rates. But by age 50, the male rate is $2,246 and the cost for female drivers is $2,196, a difference of only $50.
- Careless drivers pay higher rates. At-fault accidents raise insurance rates, possibly as much as $1,216 per year for a 30-year-old driver and as much as $584 per year for a 60-year-old driver.
- Qualify for policy discounts to get cheaper insurance. Discounts may be available if the policyholders are senior citizens, are accident-free, sign their policy early, drive low annual mileage, or other policy discounts which could save the average driver as much as $432 per year on the cost of insuring a BMW 745e.
- The cost to insure teen drivers is expensive. Average rates for full coverage 745e insurance costs $8,902 per year for a 16-year-old driver, $8,687 per year for a 17-year-old driver, $7,906 per year for an 18-year-old driver, and $7,154 per year for a 19-year-old driver.
- A good driving record means cheaper insurance rates. To pay the most reasonable price on 745e insurance rates, it’s necessary to follow the law. A few traffic violations could result in raising insurance costs as much as $670 per year.