How much does BMW 328i insurance cost?

The BMW series 3 lineup is well-known amongst car enthusiasts for its refinement, strong engineering, and smooth drive. As a luxury car, your insurance will be more expensive than the average car. You can save money by keeping your driving record clean, taking advantage of discounts, and shopping around for quotes.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Dec 16, 2021

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The Rundown

  • While BMW no longer manufactures the 328i model, car enthusiasts still talk about it as an excellent car with powerful engineering
  • The BMW 328i is considered a high-end vehicle even though you can only buy them used, so insurance rates are higher than the average car
  • You can save money by keeping your driving record clean and taking advantage of discounts

The BMW 328i was introduced to the U.S. in 1996, and Americans fell in love. The BMW 328i is a powerful high-end sports sedan as sleek-looking as a Mercedes and backed by German engineering.

The BMW 328i’s first run ended in 1999 and was briefly resurrected from 2014 to 2018. Even though BMW has replaced the 328i with a more powerful model, the sedan continues to be a popular choice amongst BMW series 3 fans.

Unfortunately, high-end cars come with heftier car insurance bills. The BMW 328i is a luxury car which means your insurance will be more expensive than a standard vehicle.

If you are considering buying a BMW 328i or already own one, you should shop around to find the best insurance rates. If you’re ready to see what quotes might look like for you, enter your ZIP code into our free tool.

What factors affect BMW 328i insurance?

While BMW 328i and other BMW 3 series are beautiful vehicles, insurance for these cars is evaluated in an identical manner as for any other car. Car insurance companies look at the same factors for a BMW 328i as they do for a Kia Sedona.

These factors include:

  • Your age. Age is one of the most impactful factors on the price of your insurance. Drivers without experience on the road are more likely to be involved in accidents. Youths are more likely to engage in reckless behavior, and seniors file more claims than the average adult.
  • Your gender. Men are more likely to be injured or die in traffic incidents because they spend more time on the road on average than women and engage in riskier driving behaviors.
  • Your driving record. Drivers with clean records have better insurance prices. Additionally, serious traffic violations like DUIs can drastically increase your rates.
  • Your location. While this factor is out of your control, insurance companies collect detailed information about claim ratios by zip codes. If your area has more claims than average, your insurance will cost more.
  • Your vehicle. Insurance companies also keep track of claims made by car, down to the color of your paint job. Certain cars, like BMWs, automatically cost more than others.
  • Your credit score. Insurance companies look at your credit score to indicate how likely you are to pay your bills on time.

A BMW 328i automatically comes with a higher insurance bill. Since your car costs more than the average vehicle, insurance is also more expensive than average.

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How much does BMW 328i insurance cost?

As with any type of vehicle, your insurance price will vary depending on the company you choose. While all companies consider the same factors, they emphasize each one differently.

You can compare average BMW 238i rates by year below.

YearAverage monthly price
2017$150
2016$140
2015$135
2014$133
2013$130
2012$128
2011$125
2010$121
2009$117
2008$110
2007$85
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The BMW 328i is a high-end car, but it’s not the most expensive car you can buy because BMW no longer manufactures it. If insurance prices are a deciding factor for you, you can compare other models’ prices.

YearSeries 3Series 4Series 6
2018$108$146$237
2017$135$136$191
2016$119$137$204
2015$99$111$190
2014$105$141$212
2013$98-$203
2012$107-$184
2011$91--
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As you can see, BMW insurance gets expensive quickly. Luckily, there are ways you can save money on your policy so you can enjoy your BMW 328i all the more.

While there are a lot of factors that affect the price of your insurance, the biggest is the company you choose.

CompanyMonthly cost
Erie$69
State Farm$88
Progressive$88
GEICO$71
American Family$125
Allied$118
USAA$87
Nationwide$96
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As you can see, American Family is one of the most expensive companies for BMW insurance, while GEICO has some of the most affordable BMW 328i insurance.

How to Save Money on BMW 328i Insurance

While some factors that raise your insurance price are unavoidable, there are steps you can take to save money.

For example, policies for teens are extremely high for a BMW (or any other car). A 16-year-old driver will pay an average of $413 a month for insurance on a 2016 BMW 328i. However, you can save your teen money by adding them to your policy.

Another option to save money is to increase your deductible. While this will save you money on your monthly bill, you’ll have to pay more money before your insurance kicks in if you need to make a claim. You might also be eligible for a discount based on your profession, but it depends on the company you get insurance from.

Most car insurance companies offer at least a few discounts, and you should take advantage of every one you can. Companies have different combinations of discounts, but here are the most common:

  • Anti-theft devices. The BMW 328i comes with an audible alarm, an audio security system, and an engine immobilizer.
  • Defensive driver course. If your company offers this discount, they’ll have a list of approved courses you can choose from.
  • Safe driver. As long as you keep your record incident-free, you’ll be eligible for this discount.
  • Good student. If you’re under the age of 25 and maintain a “B” average, you can get this discount.
  • Seniors. Most companies offer around 10% off your monthly bill.
  • Policy bundling. Many companies offer discounts for clients who combine auto and home or other types of coverage bundling.
  • Multi-car. Insurance companies often lower rates for customers with more than one car insured with them.
  • Paid in full. If you pay for the entirety of your insurance bill, you might receive a discount.
  • New car. Most companies give a discount for cars less than three years old, so a BMW 328i probably wouldn’t be eligible.
  • Low mileage. The less you drive, the more you save on insurance.

Speak with your agent if you have questions about insurance discounts.

Multiple accidents can add up to $3,400 to the annual cost of your insurance, so the best way to save money on your insurance is to keep your driving record clean. Avoid accidents, follow traffic laws, and don’t engage in risky behaviors, and your insurance will stay low.

What is the BMW 328i?

In 2021, BMW is a well-known name in high-end cars. The German auto giant has been in business since 1916. German engineering has a reputation for being amongst the best, and BMW is partially behind that.

The BMW 328i took America by storm in the 90s, and even though it’s no longer manufactured, enthusiasts still talk about it. The 2021 BMW 3 series continues to be popular because the 328i model did so well. The 2020 BMW 3 series also continues to sell well as one of BMW’s more affordable line of models.

Since BMW no longer releases the 328i series, you’ll have to buy one from either a dealership that sells used cars or a private seller. Kelley Blue Book values a 2016 BMW 328i in good condition at about $24,000.

Drivers love the BMW 328i because it has strong brakes, a smooth, comfortable ride, enough power to handle any drive, and a sense of refinement built throughout. It’s an excellent car for casual drivers and serious car enthusiasts.

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Find the Best BMW 328i Insurance

If your heart is set on a BMW 328i, your insurance policy will help keep you safe in any situation. When you’re in the market for BMW 328i insurance quotes, shopping around is the best way to find affordable rates. Enter your ZIP code into our free tool today when you’re ready to see what quotes might look like for you.

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