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BMW Car Insurance
One of the most popular car manufacturers, BMW, offers high-quality and luxurious cars in India. These cars are known for their technology and stunning design. If you are looking to buy one of the expensive BMW models, make sure to also cover it from unforeseen losses and damages with the help of a comprehensive BMW car insurance policy.
About BMW India
Bayerische Motoren Werke AG (BMW) is a German automotive manufacturer of luxury vehicles headquartered in Munich, Germany.
The company manufactures automobiles under BMW, Mini and Rolls-Royce. The premium car company announced its business operations in India in 2006, with a head office in Gurugram.
The assembly plant in Chennai assembles Series, 5 Series, 7 Series, X1, X3, X5, and Mini Countryman models in India.
BMW Car Models Car Insurance Price
| BMW Car Models (2023 Registration) |
Ex-showroom Prices | Insured Declared Value* (IDV) | Zero Depreciation* (Add-on Cover) | Estimated BMW Car Insurance Price* (1+3 Bundled Policy) |
| 330Li M Sport | Rs. 60,60,000 | Rs. 57,57,000 | Rs. 19,804 | Rs. 87,445 onwards |
| 220i M Sport | Rs. 43,50,000 | Rs. 41,32,500 | Rs. 14,216 | Rs. 70,960 onwards |
| X7 xDrive40i M Sport | Rs. 1,27,00,000 | Rs.1,20,65,000 | Rs. 41,504 | Rs. 151,459 onwards |
| 630i M Sport | Rs. 72,50,000 | Rs. 68,87,500 | Rs. 23,693 | Rs. 98,918 onwards |
*Disclaimer: The above-mentioned prices depend on make, model, variant, coverage type, add-ons, and NCB. The insurance price is for a brand-new BMW registered under DL1 RTO..
BMW Car Insurance Premium Calculator
A BMW car insurance premium calculator is an online tool that lets a car owner calculate the OD premium of his/her BMW before purchasing a policy. This calculator requires the following details to find an estimated BMW insurance premium:
- Car's make, model
- Variant and fuel type
- Car's RTO and registration year
- NCB and previous claim details
- Ex-showroom price
Coverage Under BMW Car Insurance
- Death, disability and property damage of third party due to the insured car
- Partial or total loss of the insured car due to theft or burglary
- Losses arising out of fire, self-ignition or explosion
- Accidental damages due to road accidents and collisions are covered
- Damages due to natural disasters like cyclones, floods, earthquakes, etc
- Any manmade act like a strike or riot causing damages to the insured car covered
- Damages to the insured car while it was in transit
- Damages to the insured vehicle when being driven under the influence of alcohol or drugs
- Accidental damages to the insured vehicle when the driver was not carrying a valid driving license
- Any damage caused to the insured vehicle when it was being driven for commercial purposes
- Losses to the insured BMW when being driven outside the geographical location mentioned in the policy
- Electrical or mechanical breakdown of the insured vehicle is not covered under the BMW insurance policy.
BMW Car Insurance: Add-Ons
The coverage of a BMW car insurance policy can be enhanced by purchasing additional covers at a nominal extra premium. These add-ons include:
- Roadside Assistance Cover
- NCB Protect Cover
- Zero Depreciation Cover
- Consumables Cover
- Engine Protect Cover
- Personal Belongings Cover
- Tyre Protect Cover
How to Buy/Renew BMW Insurance Online?
If you are planning to get a BMW for yourself or already have one, make sure to cover it with a valid four-wheeler insurance policy. Here is how you can buy or renew car insurance online for your BMW from Policybazaar.com:
- From the official website, click on the “Car Insurance” tab
- On the given form, enter your car number or select the option “Brand New Car”
- Select your car’s RTO from the list
- Now select the make, model, variant, fuel type and registration year of your car
- Fill in the proposal form and proceed to car insurance quotes
- From the given BMW insurance plans of multiple insurers, choose the one that suits your needs
- Select add-ons you wish to add to your plan
- Pay the final premium using bank cards, UPI or Net banking
- Once you have paid the premium, your BMW car insurance policy document will be mailed to you.
How to Raise a BMW Car Insurance Claim?
To raise a BMW insurance claim, follow the steps mentioned below:
- Inform the insurer as soon as your car meets with an accident
- Upon claim registration, a surveyor will be sent to assess the damages sustained by your car
- Now submit the required documents for the claim to be verified
- Once the claim has been verified, the insured car will be sent to an authorised network garage for repairs
- After the repairs, the insurer will directly settle your claim with the network garage
- If the car has been repaired in a non-network garage, the insurer will reimburse you the claim amount after the repairs.
Documents Required to Raise BMW Car Insurance Claim
Following are the documents needed to raise a claim for your BMW car:
- Car insurance documents
- Duly signed and filled claim form
- Vehicle’s registration certificate
- Copy of Police FIR (for third-party and theft cases)
- KYC
BMW Car Insurance FAQs
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Q1. Is BMW expensive to insure?
Ans: BMW is a high-end luxury car with expensive parts. As a result, repairing a BMW car or replacing it with a new one will require more money than regular lower-priced cars. Therefore, BMW cars will be insured at a higher IDV which in turn will attract a higher BMW insurance price.
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Q2. How is BMW insurance price calculated?
Ans: The BMW insurance price is calculated based on the following factors:
- Age of your BMW car
- Type of insurance coverage
- Make & model
- Insured Declared Value
- Claim history
- Location of the car
- Selected add-on covers
- NCB
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Q3. If I have purchased BMW insurance from one insurer, can I buy add-ons from another insurer?
Ans: No. You can buy add-on cover from only that car insurer from whom you have purchased your BMW insurance policy..
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Q4. If my BMW insurance policy has expired, can I still renew it?
Ans: Yes. You can renew your BMW insurance online despite expiry. All you need to do is visit Policybazaar.com and renew your policy online in just 5 minutes.
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Q5. How can I save on my BMW car insurance price?
Ans: You can reduce your BMW insurance price by following the tips given below:
- Compare various insurance plans online before selecting a car policy for a BMW car
- Have a good claim history that would increase your No Claim Bonus
- Opt for a higher voluntary deductible to get savings options
- Get an ARAI-approved anti-theft device installed in your car.
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#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
