is it cheaper to insure an Audi or BMW?

UPDATED: Jun 12, 2013

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 12, 2013Fact Checked

Free Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Asked June 12, 2013

1 Answer

Even though they are similarly priced, the actual cost to own a BMW 3 Series sedan is actually several thousand dollars higher than an Audi A4 sedan. The difference in actual cost to own is because the BMW costs slightly more to repair and gets a bit less fuel mileage, but the primary difference is that it costs more to insure a BMW Sedan.

Over the initial 5 year ownership period, an Audi A4 sedan will cost about $2,138 per month to insure, for a total of $11,464. Over the same period, a BMW 3 Series sedan will cost around $2,428 per month, for a 5 year average of around $12,580. Keep in mind that the premiums vary over the 5 year period, increasing slightly each year for both cars. Some of this increase is because the expected cost of maintenance and repairs increases over time, increasing the risk of accidents as the vehicle ages, and driving the premiums slightly higher.

The actual insurance cost for each car will be different for each person. Your individual rates will depend on many personal factors, including your age, marital status, employment, education, driving history and credit score. If you have a safe driving record, you can expect to pay less than the comparison estimate, but if you have had a few tickets or missed a couple of payments on a credit card, you could be looking paying higher premiums. Most of the cost of car insurance is based on details about the car itself, but your personal demographics also contribute to a lot of the premium costs.

You can also reduce the cost of premiums by taking advantage of the discounts offered by insurance companies. Your occupation, the distance you drive each year, and whether your car is parked in a private garage at night are all possible discounts, along with more than a dozen others. You can also take a voluntary driver improvement course and receive mandatory insurance discounts for at least 3 years and some states offer the discount for a 5 year period.

Answered June 12, 2013 by Anonymous

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

secured lock Secured with SHA-256 Encryption