2020 BMW 740i Car Insurance Calculator

Understand how changes to different risk factors impact car insurance rates for a 2020 BMW 740i. Customize driver gender, whether you're married or single, the state and city you live in, and homeowner status to learn how each affects rates. Instantly see if and why the choice you make has an impact on insurance rates.

The average estimated car insurance premium for a 2020 BMW 740i is $3,340 per year, or about $278 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,340

Cost Per Month

$278

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW 740i Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2020 BMW 740i.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,340
Average Rate
Your Rate
$3,340

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2020 BMW 740i trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2020 BMW 740i is $3,340.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2020 BMW 740i vs. the Large Luxury Car Segment

The table below compares insurance rates for the 2020 BMW 740i against all other models in the large luxury car segment. The BMW 740i is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW 740i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW 740i.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2020 BMW 740i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Audi A5$2,284-$1,056
2Lincoln Continental$2,372-$968
3Volvo S90$2,438-$902
4Cadillac CT6$2,516-$824
5Acura RLX$2,638-$702
6Lexus LS 500H$2,744-$596
7Kia K900$2,796-$544
8Lexus LS 500$2,886-$454
9Infiniti Q60$2,934-$406
10Mercedes-Benz AMG E53$2,938-$402
11Genesis G90$2,950-$390
12Mercedes-Benz AMG CLS53$3,016-$324
13BMW 840i$3,082-$258
2020 Large Luxury Car Average$3,122-$218
14Mercedes-Benz S450$3,214-$126
15BMW M850i$3,232-$108
16BMW 740i$3,340--
17BMW 850i$3,368$28
18Mercedes-Benz E63 AMG$3,384$44
19Porsche Panamera$3,518$178
20Audi A8$3,578$238
21Mercedes-Benz S560$3,614$274
22BMW 750i$3,628$288
23BMW M760i$4,094$754
24Mercedes-Benz AMG S63$4,374$1,034

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2020 740i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 BMW 740i.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2020 BMW 740i Insurance Rates by Trim Level
2020 BMW 740i Trim Level Annual Premium Cost Per Month
Sedan$3,332$278
xDrive Sedan$3,350$279

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2020 BMW 740i for different driver ages.

2020 BMW 740i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,776$981
17$11,516$960
18$10,516$876
19$9,483$790
20$7,301$608
21$6,964$580
22$6,258$522
23$5,050$421
24$4,804$400
25$3,898$325
30$3,582$299
35$3,424$285
40$3,340$278
45$3,104$259
50$2,930$244
55$2,740$228
60$2,748$229
65$2,942$245
70$3,144$262
75$3,662$305
80$4,522$377

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW 740i trim levels.