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BMW Car Insurance

Cars gives excellent driving experience when it enabled with top-notch technologies. BMW car is a synonymous name when we talk about innovation & technology. Driver assistance system, High Precision Injection, Brake Energy Regeneration and other technologies focussed on reducing fuel consumption and CO2 emissions, are some of the special features. BMW or Bayerische Motoren Werke AG was organized in 1916. BMW Motors hold prominence in manufacturing cars and motorcycles.

Owning a BMW car is an honor itself as it gifts luxurious design, powerful engine, and thrilling performance. How about giving BMW insurance to your beloved car? This is perhaps the best step you make after purchasing a BMW car. BMW insurance will provide long term financial protection from own damages like thefts, fires, disasters and from third party liabilities. Also, as per Indian government rules for motor vehicles, getting car insurance is mandatory to continue driving on roads.

BMW Cars Models

BMW 3 Series

BMW 3 Series

1995 cc engine, SUV body type, 20.68 kmpl mileage, 61 liter fuel capacity, multi-function steering, sport suspension, automatic climate control, petrol type fuel, 8 speed transmission, 219 kmph top speed, 2670 mm wheelbase, 5 doors, low fuel warning, air quality control, cruise control, keyless entry, cigarette lighter, panorama glass roof

Starting Price (average) : Rs 41.4 - 47.9 Lakh

BMW 5 Series

BMW 5 Series

2993 cc engine, SUV body type, 18.59 kmpl mileage, 66 liter fuel capacity, power steering, sport suspension, automatic climate control, petrol type fuel, 8 speed transmission, 196.29 kmph top speed, 2975 mm wheelbase, airbag system, Anti-lock Braking System electronic vehicle immobilization, 6 cylinders, tire pressure indicator, ABS, Navigation system, 26cm LCD, keyless entry, 16 speakers

Starting Price (average) : Rs 58.7 - 66.2 Lakh

BMW 7 Series

BMW 7 Series

6592 cc engine, SUV body type, 7.96 kmpl mileage, 66 liter fuel capacity, power steering, anti-lock braking system, airbags, sport suspension, adaptive air suspension, 3210 mm wheelbase, airbag system, cigarette lighter, moonroof, 8 speed transmission, Anti-lock Braking System electronic vehicle immobilization, 6 cylinders,antenna, 20 inch wheel size, crash sensor, anti-theft device, 360 view camera, touch screen, Bluetooth and USB support

Starting Price (average) : Rs 1.22 - 2.42 Cr

BMW 6 Series

BMW 6 Series

2993 cc engine, SUV body type, 17.09 kmpl mileage, 65 liter fuel capacity, sedan body type, multi-function steering, alloy wheels, airbags, 6 cylinders, air suspension (front), automatic climate control, 3070 mm wheelbase, 8 speed transmission, sunroof, tire pressure monitor, ABS, anti-theft alarm, 16 speakers, rear camera

Starting Price (average) : Rs 63.9 - 73.9 Lakhs

BMW X1

BMW X1

1995 cc engine, SUV body type, 61 liter fuel tank, SUV Body type, 20.68 kmpl mileage, 219 kmph top speed, diesel/ & petrol engine, multi-function steering, ABS, airbags, 6 cylinders, air suspension (front), automatic climate control, 2670 mm wheelbase, rear parking sensor, 8 speed gearbox,navigation system, climate control,engine immobilizer

Starting Price (average) : Rs 35.2 - 45.7 Lakh

BMW X3

BMW X3

1998 cc engine, SUV body type, 8 speed gearbox, 60 liter fuel tank, SUV Body type, 13.32 kmpl mileage, 240 kmph top speed, power steering, 6 cylinders, air suspension (front), automatic climate control, 2864 mm wheelbase, engine immobilizer, parking assistance, climate control, sunroof, roof rail, 19 inches tyre size, 10.25 inch touch screen, 3D maps

Starting Price (average) : Rs 56.0 - 58.8 Lakh

BMW X4

BMW X4

1995 cc engine, SUV body type, 14.71 kmpl mileage, 61 liter fuel capacity, sport suspension, automatic climate control, multi-function steering, 8 speed transmission, 6 cylinders, 219 kmph top speed, 2864 mm wheelbase, air quality control,smart access card entry, sunroof, moonroof, 19 inch tire size, airbags, rear camera, anti-theft device, 26 cm touch screen, 16 speakers

Starting Price (average) : Rs 60.6 - 65.9 Lakh

BMW X5

BMW X5

2993 cc engine, SUV body type, 13.38 kmpl mileage, 61 liter fuel capacity, sport suspension, automatic climate control, multi-function steering, 8 speed transmission, 6 cylinders, 219 kmph top speed, 2975 mm wheelbase, smart access card entry, sunroof, air quality control, moonroof, 20 inch tire size, airbags, central locking, traction control, rear camera, anti theft device, bluetooth & USB connectivity

Starting Price (average) : Rs 72.9 - 82.4 Lakh

BMW X6

BMW X6

2979 cc engine, SUV body type, 10.88 kmpl mileage, 84 liter fuel capacity, automatic climate control, multi-function steering, 8 speed transmission, dynamic damper suspension, 6 cylinders, 240 kmph top speed, 2933 mm wheelbase, low fuel warning, air quality control, parking sensor, gear shift indicator, anti theft alarm, engine immobilizer

Starting Price (average) : Rs 92.2 Lakh

BMW X7

BMW X7

2979 cc engine, SUV body type, 10.54 kmpl mileage,SUV Body type, alloy wheels, multi-function steering, 8 speed transmission, 3100 mm wheelbase, low fuel warning, hill descent control, central locking, 360 view camera, gear shift indicator, anti-theft alarm, engine immobilizer

Starting Price (average) : Rs 98.9 Lakh

BMW Z4

BMW Z4

2998 cc engine, SUV body type, 14.37 kmpl mileage, convertible body type, alloy wheels, 52 liter fuel tank, 4-seater convertible, 250 kmph top speed, multi-function steering, 8 speed transmission, 2470 mm wheelbase, 2 doors, cruise control, hill descent control, adjustable seats & headlights, 360 view camera, gear shift indicator, anti-theft alarm, 18 inch wheel size, door ajar warning

Starting Price (average) : Rs 64.9 - 78.9 Lakh

BMW Other Models

4 Factors That Land You on Best BMW Car Insurance

Credibility Of the Insurer

Credibility Of the Insurer

First and major things to evaluate is the credibility or financial position of the company. You must find answers to questions like- How many claims are accepted? How many claims are paid, How many policies are issued in a year? What is the incurred claim ratio?. Researching on such questions can make you a smart buyer and make your car insurance compatible with fluctuations.

Coverage Offered

Coverage Offered

Choosing the right coverage for your BMW car will give long term fruits. IT all depends upon your needs, whether you want- third party liability cover or comprehensive cover. We know that costs and risks elevate over time. So keep your car policy aligned with changes, keep your coverage powerful. Always remember that maximum coverage derives you maximum protection.

Premium Price

Premium Price

Premium prices are a dominant part of car insurance and must get proper attention. Customers must be aware of the basic premium rates determined by the IRDAI for third party liability. However, for comprehensive cover, there is no basic premium value settled by the government. So, be wise while choosing the insurer.

Add-On covers

Add-On covers

If your BMW is new and relatively expensive, then getting add-ons is a great idea to eschew the unwanted damages. Add-on covers are added to the basic coverage to make it productive by paying an extra premium. To name some- Zero depreciation, Engine & Gearbox Protector, Return to invoice, Roadside assistance, etc.

Discounts Included

Discounts Included

Almost every car insurer in India provides premium discounts to car owners for installing an anti-theft alarm, acquiring automobile association membership and opting for voluntary deductibles. You have to mention these things at the time of filling the proposal form to buy the BMW car insurance.

Inclusions & Exclusions

What Is Covered Under BMW Insurance?

  • Natural Calamities: Repercussion of a natural calamity on your car is always considered for giving coverage under BMW Insurance. If you live in a region which is prone to such terrible activities, getting car insurance is the only solution.
  • Fires, Self-ignition, Explosion: Fire in your car Don’t fret, as your BMW insurance will give complete financial assistance for the loss that occurred. Even if your car gets explode or ignited, you still get coverage.
  • Third-Party Injuries & Property Loss: When damage is done by the insured car owner to the third party which landed him into pool of legal liabilities are also covered. Here, the insurer will directly settle the third party expenses after a court judgment.
  • Robbery, Housebreaking, Plundering: If your insured car has been stolen by thieves, then you should immediately reach to a police station. File an FIR and complete the formalities. Call your Audi insurance provider and register your claim. After verification, the IDV value of the stolen car is paid.
  • Transit Damages: Damages arriving during the shipping of vehicles are inevitable. So, to compensate the insured car owner against such unfortunates, the insurer will give due payment.
and

What is not covered under BMW Insurance?

  • Driving without a valid driving license: Controlling or driving a car without holding a valid license from government authority is an offense. The resulting damages to insured cars from such illegal activity are not covered under car insurance.
  • Mechanical Breakdowns: Engine breakdowns resulting from oil leakage or water ingression are not addressed under car insurance. in case of violation of car manufacturer's guidelines for use of car and related failures or breakages.
  • War, Attacks, Bombing: If your insured BMW car suffered major damages from events such as terror attacks, foreign enemy action, civil war, rebellion, invasion, hostilities, radiation, mutinies or nuclear weapons; the insurer will deny the coverage.
  • Intentional harm or injuries: The harm or damages did intentionally to the car or third party are also not covered under car insurance.
  • Driving under Intoxication: Do you know how dangerous it can be to drive a car under alcohol influence. No matter how experienced a driver you are, you are still at risk. Drink and drive is the worst combination ever which is not attended by the insurer in case of any damages.

Basic Premium Rates for Third-Party Liability Cover

Engine Displacement (CC)3-year BMW Insurance cost1-Year BMW Insurance Cost
Below 1000 CC5,2861,850
Between 1000 CC to 1500 CC9,5342,863
Above 1500 CC24,3057,890

Note: Above illustrated cost of the premium is established by IRDAI which has to be complied by every licensed car insurance provider. This cost may fluctuate after the addition of GST and other factors related to your car.

Factors Used to Calculate BMW Car Insurance Premium

  • IDV Value Of The Car: Refers to the current market value of the car which is different from the purchase cost. The factors that construct car’s IDV are Car registration details, Cubic capacity, Manufacturer, make and model of the vehicle, mileage, chassis,
  • Coverage Type: The type of coverage opted for BMW car also decides what amount of premium you have to pay. Two types of coverage are available insuring cars i.e third party liability cover and comprehensive cover. Usually, third party premium is lower as compared to comprehensive coverage.
  • Add-on covers: Add-on covers are the additional protection covers for which extra premium has to be submitted. This can substantially raise premium prices.
  • Discounts: The number of discounts earned or availed in the car insurance policy also affects the rate of premium charged. This can bring down the prices and can save your money.
  • Profession, age & Gender of the Car owner: The car owner's age, experience, gender, and profession also matters. A middle-aged driver is charged lesser as compared to the teenage driver. Also, some of the profession get a concession on premium prices such as local government officers, police officers, etc.

FAQs

Comparing the insurers before buying BMW insurance will provide several advantages such as-

  • Conserves Money and Time
  • Specifies original and accurate premiums rate
  • Gives detailed insight into policies benefits & company’s profile
  • Maintains transparency and clarity.

The common process framed by insurers is briefly discussed below-

  • Notification of the claim by calling on the toll-free number or
  • File FIR in the nearest police station, in case of accident or theft
  • Documents collection and inspection of the car by an assigned surveyor
  • Authorization of the claim for payment
  • Payment of the claim amount directly into the bank account.

Car owners will get two options to insure their BMW car.

  • Third-Party Liability Cover: Covers third-party damages like physical injuries and property damage that are created by the insured car owner. The insurer will compensate for the loss created on behalf of the insured and will directly settle expenses.
  • Comprehensive Cover: Covers own damages and third-party liabilities. Own damages materializing due to theft, fire, calamities, man-made disasters, shipment of the car, are covered.

Last updated on 23-09-2019