BMW Car Insurance
What types of car insurance does BMW offer?
BMW currently offers a comprehensive car insurance policy called BMW Premier Motor Insurance. Key features of the cover include the use of genuine BMW parts in repairs, your choice of accredited BMW repairers, BMW specialised repair equipment and BMW trained technicians.
What additional features does BMW offer on their car insurance products?
Some additional inclusions of a BMW car insurance policy include:
- Cover for accidental loss or damage of your vehicle
- New for old replacement – for vehicles less than three years old
- Temporary cover on a replacement vehicle
- Child seat or baby capsules cover
- Emergency repairs covered
- Emergency accommodation and travelling expenses
- Lock rekeying or re-coding
- Cover for personal items
- Towing costs
- Trailer and caravan cover
- Transportation costs
- Legal liability
Optional benefits that you may add to a BMW car insurance policy include:
- Removal of basic excess for tyre claims
- Removal of basic excess for windscreen claims
- Tools of the trade cover
BMW Car Insurance FAQs
Depending on the type of insurance cover that you choose, BMW says your vehicle may be insured for either an agreed value or market value amount. The value that applies to your vehicle will be shown on your policy schedule.
First, consider comparing car insurance policies with Canstar to find a product that suits your needs. Please note that Canstar does not currently compare BMW car insurance.
If you choose to go with BMW, you can get more information by calling the BMW Insurance Customer Contact Centre or by visiting your local BMW dealer.
BMW advises the premium amount for your policy will be determined by a number of factors, including:
- The type of vehicle you have insured and where you keep it
- What your vehicle is used for, e.g. private, rideshare or business use.
BMW says you may be able to increase your excess to reduce your premium. Keep in mind that a higher excess will typically result in a lower premium, while a lower excess will typically result in a higher premium.
You can lodge a claim by contacting BMW over the phone. If BMW decides to settle your claim, it says it will then:
- Decide whether to repair your vehicle, pay the reasonable cost of repairing your vehicle or pay the agreed or the market value of your vehicle (whichever applies)
- Pay any other benefits that apply
- Pay for any optional covers that you have chosen and paid for
- Deduct any amounts that apply to the policy, such as excess or an unpaid premium
Consider comparing car insurance policies before simply renewing the same policy, so that you continue to get the cover you need as well as value for money:
BMW says that you will receive a renewal notice at least 14 days prior to the expiry of your insurance period. This notice may be an offer to renew your policy or to advise you that BMW will no longer insure your vehicle.