Insurance premiums differ substantially depending on your state of residence, with Maine offering the least costly policies while Georgia being home to some of the highest ones. Drivers can reduce their premium by obeying traffic laws and maintaining an impeccable driving history.

Other variables affecting BMW car insurance costs include model variant, driver age and gender, driving history and ZIP code.

1. High MSRP

Many drivers may not realize the true cost of purchasing a premium car extends far beyond just its purchase price, with its long-term ownership costs also having an effect. BMWs typically cost more than other vehicles to insure; on average, insuring one will cost an average of around $1797 annually or 15% more than regular cars; depending on insurer, state, and driver history this figure may change further.

To secure the best BMW insurance deal, it's vital that you compare quotes from various providers. Doing this will enable you to find an affordable rate while saving money - online quotes allow for this easily, while you can select a policy tailored specifically to your needs and budget.

The BMW 1 Series stands out among BMW models as one of the more cost-effective cars to insure, boasting an annual insurance cost of roughly $1,600 and placing eighth among MoneyGeek-analyzed BMWs. Lowest rates come from GEICO and Allied while Progressive and Allstate offer higher costs.

On the other hand, BMW 6 Series vehicles are among the costliest to insure; an annual average insurance cost is over $1,500 and ranks seventh of all BMW models MoneyGeek has studied. To reduce insurance costs of your BMW vehicle and save money overall it would be wise to secure full coverage insurance coverage.

Subscribing to only the minimum coverage required by law may seem appealing, but doing so could end up costing more in the long run. Doing so won't cover medical costs or property damages caused by other drivers should an accident occur.

2. High horsepower

The BMW 640i is a large luxury vehicle equipped with an impressive engine that produces energetic acceleration and can reach top speeds of 186 miles per hour. Yet despite this impressive performance, it boasts excellent fuel economy; an EPA estimate shows 20 city and 29 highway MPG for this 640i model. Additionally, this BMW is equipped with sport suspension and BMW's Servotronic power steering which adjusts accordingly; these safety and performance features help boost safety ratings as well as possibly help lower insurance rates.

Safety and performance aside, other factors that can have an effect on your insurance premium include driving record, car type and location. To get the lowest premium possible it's essential to obey traffic rules and avoid traffic violations or serious citations as breaking them can increase it by as much as $580! 640i drivers should always drive safely by adhering to laws.

As with most cars, the BMW 640i Gran Turismo xDrive costs nearly $2,200 annually to insure, which exceeds the average annual rate of $1964. However, this could be reduced if you opt for less costly models or trim levels.

The BMW 640i ranks 31st out of 39 vehicles in the midsize luxury car category in terms of insurance affordability. It is more expensive to insure than Lexus ES 350, BMW 530i, and Lincoln MKZ; view our comparison chart to compare how the BMW 640i compares with other popular cars within this segment.

3. High risk of theft

Luxury vehicles like the BMW 640i often possess features that make them more appealing to thieves, which often leads to higher insurance premiums compared to safer vehicles. Insurance companies carefully examine how often specific vehicles are stolen and repaired as well as any previous claims incurred due to these models. Insurance premiums depend on several factors besides just vehicle itself; among these are driver age and location. Young drivers are more likely to get into accidents than older ones, which drives up premiums. Vehicle power also plays a part; vehicles such as 2016 Bmw 6 Series Gran Coupe 640i 4dr Sedan (3.0L 6cyl Turbo 8A) are considered more dangerous and more costly to insure than mid-powered ones.

As part of an effort to keep insurance costs at a minimum, drivers should obeying traffic law is paramount. Even minor offenses can quickly lead to higher premiums - serious violations could increase by $2,036! In light of these considerations, it's important to shop around and find the most competitive car insurance rates possible.

The average BMW 640i car insurance policy costs an annual average rate of $2,186 - exceeding both midsize luxury car rates and national all-vehicle averages. GEICO and Progressive offer BMW 640i owners cheaper policies while Allstate remains more costly. If you're looking to save money on BMW 640i insurance policies, a few simple strategies could help: selecting a higher deductible can lower costs by around $50 while gap insurance can cover any difference between its market value and your loan or lease agreement balance.

4. High repair costs

BMWs are luxury cars, meaning repairs may be more costly than with other cars and this may push auto insurance rates higher. Additionally, their higher value may make collision or theft claims more likely and increase insurance premiums further; taking steps to find cheaper coverage could help to bring down costs for BMW 640i car insurance policies.

Some ways of saving on BMW 640i car insurance include:

Cars that pass crash test ratings and feature excellent safety features could help lower insurance costs, and using a comparison site to shop rates could assist drivers in finding the most advantageous rates available. Bundling home and auto policies through one provider could yield further savings; additionally, BMW dealers often offer manufacturer offers or loyalty discounts through partnerships with insurers.

BMW owners should carefully consider the high costs associated with repairs and maintenance when considering their next vehicle purchase, as this may influence their choice of model or trim level. It's also worth bearing in mind that full coverage auto insurance, which provides liability, collision, and comprehensive coverage, typically costs more than standard policies.

Numerous factors can have an impact on BMW insurance rates, from your state and vehicle of choice to having good credit and driving records that help lower rates. Other aspects such as adding roadside assistance or rental car coverage could also lower rates further.

5. Expensive options

As drivers are often tempted to purchase only the minimum coverage required by their state, this may leave you vulnerable should an accident occur. Therefore, it is strongly recommended that full coverage car insurance be purchased. This typically includes liability as well as collision and comprehensive protection; moreover if leasing or financing your BMW 6 Series through a lender they may require this as part of your policy in order to recover their investment if something does go wrong.

Cost of premiums for your BMW 640i will depend on several factors, including which company, type and amount of coverage selected and driving record. As a general rule, newer cars cost more to insure than older ones; however if driving an older model in good condition could lower rates; furthermore it would help if maintaining a clean driving record with minimal moving violations and keeping moving violations to keep your rates as low as possible.

MetLife, Workmens, Clearcover, Apparent and Shelter Mutual tend to offer BMW owners some of the cheapest car insurance carriers; however, your exact rates will depend on factors like age, driving record, location and credit history - enter your zip code now to compare personalized quotes in just minutes!