2023 BMW 840i Car Insurance Calculator

See and learn how decisions you make impact the cost of car insurance for a 2023 BMW 840i. Update factors like driver's age, policy discounts, and trim level and watch how each affects your rate. Know immediately if your changes have a favorable or unfavorable effect on the rates.

The average estimated car insurance premium for a 2023 BMW 840i is $3,252 per year, or about $271 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

$3,252

Cost Per Month

$271

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 840i 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 840i.

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.

$3,252
Average Rate
Your Rate
$3,252

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 840i 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 840i is $3,252.

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 840i vs. the Large Luxury Car Segment

The table below compares insurance rates for the 2023 BMW 840i against all other models in the large luxury car segment. The BMW 840i 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 840i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW 840i.

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

2023 BMW 840i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Audi A5$2,558-$694
2Volvo S90$2,884-$368
3Lexus LS 500$2,978-$274
4Mercedes-Benz AMG E53$2,996-$256
5Genesis G90$3,016-$236
6BMW i7$3,034-$218
7Mercedes-Benz AMG GT43$3,062-$190
8Lexus LS 500h$3,162-$90
9BMW 840i$3,252--
10Mercedes-Benz EQS 450$3,326$74
11Infiniti Q60$3,334$82
12Mercedes-Benz S500$3,360$108
13Audi RS 7$3,434$182
14Mercedes-Benz EQS 580$3,448$196
2023 Large Luxury Car Average$3,525$273
15BMW 740i$3,618$366
16BMW M850i$3,666$414
17Mercedes-Benz AMG EQS$3,694$442
18Audi A8$3,738$486
19Audi S8$3,756$504
20Porsche Panamera$3,818$566
21BMW 760i$3,854$602
22Mercedes-Benz S580$3,940$688
23BMW Alpina B8$4,188$936
24BMW M760i$4,322$1,070
25Mercedes-Benz Maybach S580$4,454$1,202
26Mercedes-Benz Maybach S680$4,752$1,500

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 840i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW 840i.

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 840i Insurance Rates by Trim Level
2023 BMW 840i Trim Level Annual Premium Cost Per Month
Coupe$3,212$268
Gran Coupe$3,212$268
xDrive Coupe$3,266$272
xDrive Gran Coupe$3,266$272
Convertible$3,266$272
xDrive Convertible$3,312$276

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 840i for different driver ages.

2023 BMW 840i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,296$941
17$11,040$920
18$10,082$840
19$9,112$759
20$7,033$586
21$6,713$559
22$6,046$504
23$4,902$409
24$4,660$388
25$3,788$316
30$3,490$291
35$3,340$278
40$3,252$271
45$3,028$252
50$2,858$238
55$2,670$223
60$2,680$223
65$2,858$238
70$3,048$254
75$3,536$295
80$4,346$362

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 840i trim levels.