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Whether you own a sporty BMW coupe or a family-friendly BMW X1, having the right BMW car insurance is crucial. So, when looking for BMW auto insurance, it's important to consider both the cost and the coverage. With Reliance General Insurance, you can expect:
100%
Claims Settlement*
10,000+
Network Garages*
5 Crore+
Happy Customers*
₹238/month
Starting Premiums*
All vehicles, including BMWs, are required to maintain at least third-party car insurance in India. This legal requirement ensures that you're protected against potential liabilities while driving. Without proper BMW car insurance, you could face legal penalties and financial risks. It's not just about following the law; it's about being a responsible BMW owner.
BMWs are high-value cars and repairing or replacing them can be expensive. The right BMW insurance provides financial protection if your car is damaged in an accident, stolen, or affected by natural disasters.
Consider the cost of genuine BMW parts and specialised labour - without insurance, these expenses could be significant. Your BMW insurance rate might seem high, but it's a small price to pay compared to potential out-of-pocket costs.
Driving a BMW is a pleasure and having comprehensive BMW car insurance adds to that experience. You can enjoy your luxury ride knowing you're protected against various risks on the road.
Whether you're commuting to work or taking a long road trip, your insurance gives you peace of mind. This security is especially valuable given the higher BMW car insurance cost compared to average vehicles.
We've simplified the process of getting BMW car insurance. Our online platform allows you to buy or renew your policy in minutes. When it comes to claims, our streamlined process ensures quick and easy settlements, minimising downtime for your luxury vehicle.
We understand that your BMW's value is unique. Our Insured Declared Value (IDV) customisation allows you to customise this value within a reasonable range. Setting the right IDV ensures you're neither underinsured nor paying too much for your BMW auto insurance.
Most insurers have competitive BMW car insurance costs. But you also need discounts to lower the premium. Hence, Reliance General Insurance offers multiple discounts with BMW auto insurance.
You can enjoy a discount if you choose a higher deductible, become a member of the Automobile Association of India (AAI), install anti-theft devices and complete a claim-free policy period.
Our committed support staff is always there to help, whether you need assistance selecting the best BMW insurance plan or direction during a claim. Whether you have questions about your policy or need emergency support during a claim, this service ensures help is always available.
Documentation takes up a lot of time and is the main reason for the delay in processing your buying request. Thankfully, you need not worry about paperwork when you buy auto insurance from Reliance General Insurance. The paperwork only involves online KYC documentation, which you can upload on the Reliance Self-i app.
Our innovative video claim feature allows for quick assessment and faster processing, reducing the time your BMW spends off the road. It can significantly speed up the claim settlement process, getting your BMW back on the road faster.
Types of Insurance Plans
What to Expect
Third-Party BMW Insurance
This basic plan covers damages to third-party property and injuries to others. It's the minimum legal requirement for your BMW.
Own Damage BMW Auto Insurance
This plan focuses on protecting your BMW from various risks, such as accidents, theft, fire and natural disasters. It's an excellent choice if you already have third-party coverage and want to enhance your vehicle's protection.
Comprehensive BMW Car Insurance
This plan combines third-party and own damage coverage. It offers all-round protection for your luxury vehicle, giving you peace of mind on every drive.
Pay-as-you-Drive BMW Insurance
Perfect for occasional drivers, this innovative plan bases your BMW insurance price on your actual mileage. It's ideal for those who don't use their BMW frequently but still want robust coverage.
Your BMW car insurance cost may vary based on factors like the model (e.g., BMW x1 insurance cost might differ from a 7-Series), your driving history and the coverage level you choose.
At Reliance, we help you find the right balance between comprehensive coverage and an affordable BMW insurance rate, ensuring your prized possession is well-protected without straining your finances.
Navigate to Reliance General Insurance's website and find the car insurance option.
Input your BMW's registration information and other necessary details.
Decide between basic third-party or more extensive comprehensive coverage.
Pick any extra protections you want and check your customised quote.
Finalise your purchase online and wait for your policy to arrive by email.
Find a nearby Reliance General Insurance office by our branch locator.
Gather your BMW's registration papers and other required documentation.
Consult with a staff member about your insurance needs and receive a personalised quote.
Pick your preferred level of coverage and any supplementary protections.
Complete the necessary paperwork, pay for your policy and receive your insurance documents.
Go to Reliance General Insurance's website and enter your current policy information or BMW details.
Look over your existing protections and update any BMW information if needed.
Modify your policy by adding or removing features to match your current situation.
Choose your desired level of coverage and complete the payment process securely online.
Your renewed BMW insurance policy will be sent to you via email.
Collect the BMW's registration and maintenance records, then visit Reliance's website or a local office.
Provide detailed information about your pre-owned BMW, including its age, model and present condition.
Select either basic third-party or comprehensive coverage, considering extras like zero depreciation for older BMWs.
Evaluate different policy options to find the right mix of protection and affordability for your used BMW.
Finish the purchase, ensuring the policy is properly registered under your name.
Our comprehensive BMW car insurance typically covers the following:
Accident-related damages to your vehicle
Theft protection
Fire damage
Natural calamities (e.g., floods, earthquakes, storms)
Personal accident cover for the owner-driver
Third-party liabilities (property damage and personal injuries)
Damages from civil disturbances (riots, strikes)
Towing charges to the nearest garage (up to a specified limit)
Be aware that your BMW insurance generally doesn't cover the following:
Normal wear and tear of vehicle parts
Mechanical or electrical breakdowns
Damage caused by driving under the influence of alcohol or drugs
Depreciation of vehicle value
Consequential losses
War, invasion, or nuclear-related incidents
Damage to tyres and tubes
Losses outside the geographical area specified in the policy
Always read your policy papers carefully to make sure you understand what they cover. Keep in mind that full coverage may make your BMW car insurance cost more at first, but it can save you a lot of money in the event of an accident.
Elevate your BMW car insurance to match the luxury of your vehicle with these exclusive add-ons:
Nil Depreciation: Claim 100% of your BMW's value without any deductions for wear and tear.
Engine Protection: Protect your BMW's high-performance engine against hydrostatic lock and oil leakage damage.
Roadside Assistance: Enjoy 24/7 premium assistance for any roadside emergencies befitting your luxury car status.
No Claim Bonus Protection: Preserve your hard-earned bonus even after filing up to two claims in your policy period.
Return to Invoice: Receive your BMW's full invoice price in case of total loss or theft, not just the insured value.
Consumables Cover: We'll cover the cost of high-grade oils, lubricants and coolants used in your BMW's repairs.
Key Replacement Cover: Get reimbursed for the cost of replacing your BMW's sophisticated key fob if lost or stolen.
Personal Belongings Protection: Protect valuable personal belongings inside your BMW against theft or damage.
Daily Allowance: Receive a generous daily allowance for high-end alternative transport during repairs.
Pay-As-You-Drive Car Insurance: Pay premiums based on your actual BMW mileage, ideal for occasional drivers.
Total Cover: Get full on-road price compensation, including registration and road tax, for severe damage or total loss.
EMI Protection Cover: We'll cover your car loan EMIs if your BMW requires extended repair time.
RIM Protection: Covers repair or replacement costs for your BMW's premium alloy wheels.
Tyre Protection Cover: Includes repair or replacement of your BMW's specialised run-flat tyres.
Geo Extension: Extend your insurance protection when driving your BMW in select countries abroad.
Electrical Accessories: Safeguards your BMW's cutting-edge tech installations like advanced navigation systems and premium sound setups.
Non-Electrical Accessories: Protects your personal touches like custom paint jobs or exclusive interior modifications.
Emergency Hotel Accommodation: Covers hotel expenses at premium properties if you're stranded away from home due to your BMW breaking down.
For BMW's electric models, we offer additional specialised coverage options. These tailored BMW insurance add-ons provide comprehensive protection that matches the prestige of your vehicle. When selecting add-ons, consider your specific BMW model, driving patterns and lifestyle to create an insurance package as unique as your luxury car.
At Reliance General Insurance, we've streamlined our BMW car insurance claim process to ensure a smooth experience during stressful times.
Report the incident immediately via the Car Insurance Claim page, or Reliance Self-i App.
Take your BMW to one of our network garages.
Submit the claim form and necessary documents.
Our expert will assess the damage.
Once approved, we'll settle the bill directly with the garage.
Inform us about the incident promptly.
Get your BMW repaired at your preferred garage.
Collect and submit all bills and documents to us.
Submit a claim form and our team will verify the claim.
Upon approval, we'll reimburse the repair costs as per policy terms.
Our dedicated team is always ready to guide you through the process, ensuring you get the most out of your BMW car insurance.
To ensure a smooth BMW car insurance claim process, keep these documents handy:
Completed claim form
Copy of your BMW insurance policy
Driving licence copy
Vehicle registration certificate (RC)
Police FIR (for theft or third-party injury cases)
Original repair bills and receipts
Photographs of the damaged BMW (if applicable)
Having these documents ready can significantly speed up your claim settlement, getting you back on the road faster in your beloved BMW.
Aspect
Cashless
Reimbursement
Upfront Payment
No upfront payment required
Policyholder pays repair costs upfront
Settlement Process
Insurer settles bill directly with authorised garage
Policyholder submits claim for reimbursement later
Processing Speed
Faster process, less paperwork for policyholder
Can take longer to receive payment
Garage Choice
Limited to network of authorised BMW service centres
Flexibility to choose any repair shop
Claim Amount
Pre-approved claim amount
Final reimbursement may differ from the initial estimate
Repair Quality
Smoother, more standardised repairs at authorised garages
More control over specific repair choices
Convenience
High convenience, especially post-accident
More active involvement is required from policyholder
Several factors influence your BMW insurance price:
The model and variant of your BMW significantly affect your premium. For instance, BMW x1 insurance cost may differ from that of a 7-Series. High-performance models typically have higher premiums due to increased repair costs and risk.
The type of coverage you choose impacts your BMW car insurance cost. Third-party insurance is the most basic and affordable, while comprehensive coverage offers more protection but at a higher price. Additional add-ons will further increase your BMW insurance rate.
If your BMW is destroyed or stolen, the IDV is the maximum amount you can get. A higher IDV means better coverage but also a higher premium. We at Reliance help you find the right balance for your BMW auto insurance.
Where you live and drive your BMW affects your premium. Urban areas with higher traffic and crime rates typically lead to higher BMW car insurance prices compared to rural areas. Hence, the location where you register and drive your BMW car affects the risk levels and, thereby, the insurance premium.
Your past claims affect your future premiums. A history of frequent claims may increase your BMW insurance rate, while a clean record can earn you a No Claim Bonus, reducing your premium.
The higher the safety precautions you take, the better your chances of getting lower premium quotes. E.g., if you install safety devices and anti-theft systems, you can expect lower insurance prices. Such modifications help avoid the possibility of your car being burgled, thus reducing the insurer's risks.
At Reliance, we've simplified the process of calculating your BMW insurance price:
Visit our website and calculate your rates with our premium car insurance calculator
Enter your BMW model details
Choose your preferred coverage
Adjust the IDV if needed
Select any add-ons
Get your personalised BMW car insurance cost instantly
Our transparent system ensures you understand exactly what influences your BMW insurance rate.
Also Read: Tips To Save On BMW Car Insurance Price
Third-party insurance premiums for BMW vehicles are set by the IRDAI. These rates are standardised across all insurers and are based on your BMW's engine capacity.
Engine Capacity
Premium for One Year (in ₹)
Up to 1000 cc
2,094
Above 1000 cc up to 1500 cc
3,416
Above 1500 cc
7,897
Battery Capacity
Up to 30 kW
1,780
Above 30 kW to 65 kW
2,904
Above 65 kW
6,712
BMW, or Bayerische Motoren Werke, is a German luxury vehicle manufacturer known for its high-performance cars and cutting-edge technology. At Reliance General Insurance, we understand the unique needs of BMW owners and offer tailored insurance solutions.
BMW is known for making cars with strong engines and great handling. From the efficient 1 Series to the luxurious 7 Series, each model offers a unique blend of performance and comfort. This engineering excellence is why we offer specialised coverage options in our BMW car insurance plans.
BMW leads in automotive technology with features like iDrive infotainment systems and advanced driver assistance. Our BMW auto insurance policies can be customised to cover these high-tech components, ensuring you're protected against unexpected repair costs.
Every BMW model exudes luxury, from premium materials to ergonomic designs. At Reliance, we recognise this quality and offer insurance options that match the premium nature of your vehicle, including coverage for high-end interiors and custom modifications.
BMWs generally maintain good resale value due to their quality and brand reputation. Our flexible IDV options in BMW insurance ensure your car's value is accurately reflected in your policy.
Model Name
Engine
Transmission
Mileage (km/l)
Ex-Showroom Prices
(Delhi)
BMW 2 Series Gran Coupe
2.0L 4-cylinder
8-speed Automatic
14-18
₹41.5 Lakh - ₹44.5 Lakh
BMW 3 Series
13-20
₹46.9 Lakh - ₹68.5 Lakh
BMW 3 Series Gran Limousine
15-20
₹57.9 Lakh - ₹64.5 Lakh
BMW 5 Series
2.0L 4-cylinder / 3.0L 6-cylinder
14-20
₹64.5 Lakh - ₹74.5 Lakh
BMW 6 Series GT
13-18
₹71.9 Lakh - ₹84.4 Lakh
BMW 7 Series
3.0L 6-cylinder
11-17
₹1.42 Crore - ₹1.76 Crore
BMW X1
7-speed DCT / 8-speed Auto
₹45.9 Lakh - ₹48.9 Lakh
BMW X3
13-16
₹61.9 Lakh - ₹67.5 Lakh
BMW X4
12-15
₹71.9 Lakh - ₹74.9 Lakh
BMW X5
11-14
₹79.9 Lakh - ₹97.9 Lakh
BMW X7
10-13
₹1.18 Crore - ₹1.78 Crore
BMW Z4
₹89.3 Lakh - ₹1.04 Crore
BMW M2
7-speed DCT
9-11
₹85.5 Lakh
BMW M3
₹1.52 Crore
BMW M4
₹1.44 Crore
BMW M5
4.4L V8
8-10
₹1.73 Crore
BMW M8
₹2.23 Crore
BMW X3 M
₹1.13 Crore
BMW X5 M
7-9
₹1.95 Crore
Remember that BMW often offers special editions, limited runs and may update their lineup periodically. For the most accurate and up-to-date information, it's always best to consult with an official BMW dealership or the BMW India website.
BMW 1 Series Insurance
BMW 3 Series Insurance
BMW 5 Series Car Insurance
Insurance companies specify the claim settlement ratio on their websites so you can visit their respective websites to check their claim settlement ratios.
Alternatively, you can also go to the IRDAI website to get the claim settlement ratio figures of all the insurance companies in India on a single platform. IRDAI declares and publishes the claim settlement ratio of insurers across India annually.
Absolutely! We offer ways to lower your BMW insurance rate. Safe drivers can earn a no-claim bonus. Installing security devices can also cut your costs. Plus, look out for our online purchase discounts to save on your BMW car insurance cost.
If you want to make changes to your BMW four-wheeler insurance coverage, you can do so during the policy renewal period. Whether you want to upgrade your policy or modify the add-on riders, you can do so easily during renewal.
Once you make the changes, you will get a renewed BMW car insurance price for the next policy period. The insurance cost will change based on the changes you make.
If you sell your car, you must either cancel your existing policy or transfer it in the name of the new buyer. The new buyer has the option to continue with your policy or purchase a fresh one on their own but the car may not be left uninsured while selling/purchasing.
Note that an existing car insurance policy cannot be cancelled at the time of sale until the new buyer purchases a new policy.
Yes, you can. If you're selling your BMW, let us know. We'll help transfer the BMW auto insurance to the new owner. This keeps the car protected and might even help with the sale.
The BMW car insurance price varies. It depends on things like your car model (for example, BMW x1 insurance cost differs from a 3-Series), its age and where you live. For an exact figure, get a quick quote on our website.
Yes, you can get long-term coverage for your BMW car by purchasing a multi-year car insurance policy. Such policies typically come with validity periods lasting from 2-3 years at a stretch, saving you the hassle of renewing your policy every year.
Moreover, you can enjoy some of the general benefits of a year-long policy with long-term plans such as the no-claims bonus cover, discounts on premiums, etc.
You can ensure that your filed claims are accepted by following certain basic protocols. For instance, you must always drive your car with a valid licence and insurance policy and not flout any traffic rules or display irresponsible driving behaviour.
Additionally, you must submit all the necessary documents with your duly-filled claim form and provide accurate information pertaining to the insured event.
You can enjoy uninterrupted insurance coverage simply by renewing your car insurance policy on time. You can renew the policy online and make the necessary modifications to get the kind of coverage you desire.
In case you are unable to renew the policy by the expiration date, you can complete the renewal before the 15-30 days grace period ends, after which your policy may be suspended or terminated.
Disclaimer: *T&C Apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale.
Customer count: The total no. of customers insured data is for FY24 and has been picked up from the number of lives insured for Health, Personal Accident, Overseas Travel, Domestic Travel, Workmen Compensation and Crop Insurance, Weather LOB & Fire LOB provided by IRDAI count that is master policy count. Other than these LOBs, we have also provided data for the number of certificates issued.
Claim Settlement Ratio:This is the overall claim settlement ratio for FY 2023-24 without claim outstanding at the start of the financial year as per public disclosure of Reliance General Insurance Co. Ltd.
Premium: The premium mentioned for car Insurance excludes taxes for the private car model Maruti Suzuki Alto 800 with a cubic capacity of less than 1000 cc for a 1-year Own Damage Insurance policy for an IDV of ₹2,34,728. The premium used is 2,853/year as of 1 March 2023 and then converted into a per-month basis, which gives us ₹238/month (2,853/12).
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