2023 BMW 740i Car Insurance Calculator

Discover and learn how different risk factors impact the cost of car insurance for a 2023 BMW 740i. Ajust options like coverage amounts, annual mileage, and vehicle usage to see how insurance rates are affected. Immediately see if the changes you make raise or lower the cost of insurance.

The average estimated car insurance premium for a 2023 BMW 740i is $3,618 per year, or about $302 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

$3,618

Cost Per Month

$302

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 2023 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.

$3,618
Average Rate
Your Rate
$3,618

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 2023 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 2023 BMW 740i is $3,618.

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.

2023 BMW 740i vs. the Large Luxury Car Segment

The table below compares insurance rates for the 2023 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.

2023 BMW 740i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Audi A5$2,558-$1,060
2Volvo S90$2,884-$734
3Lexus LS 500$2,978-$640
4Mercedes-Benz AMG E53$2,996-$622
5Genesis G90$3,016-$602
6BMW i7$3,034-$584
7Mercedes-Benz AMG GT43$3,062-$556
8Lexus LS 500h$3,162-$456
9BMW 840i$3,252-$366
10Mercedes-Benz EQS 450$3,326-$292
11Infiniti Q60$3,334-$284
12Mercedes-Benz S500$3,360-$258
13Audi RS 7$3,434-$184
14Mercedes-Benz EQS 580$3,448-$170
2023 Large Luxury Car Average$3,525-$93
15BMW 740i$3,618--
16BMW M850i$3,666$48
17Mercedes-Benz AMG EQS$3,694$76
18Audi A8$3,738$120
19Audi S8$3,756$138
20Porsche Panamera$3,818$200
21BMW 760i$3,854$236
22Mercedes-Benz S580$3,940$322
23BMW Alpina B8$4,188$570
24BMW M760i$4,322$704
25Mercedes-Benz Maybach S580$4,454$836
26Mercedes-Benz Maybach S680$4,752$1,134

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.

2023 740i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 BMW 740i Insurance Rates by Trim Level
2023 BMW 740i Trim Level Annual Premium Cost Per Month
Sedan$3,618$302

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 2023 BMW 740i for different driver ages.

2023 BMW 740i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$12,735$1,061
17$12,426$1,036
18$11,304$942
19$10,223$852
20$7,861$655
21$7,501$625
22$6,740$562
23$5,467$456
24$5,193$433
25$4,212$351
30$3,874$323
35$3,708$309
40$3,618$302
45$3,368$281
50$3,180$265
55$2,970$248
60$2,980$248
65$3,184$265
70$3,410$284
75$3,978$332
80$4,906$409

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.