BMW M240i Car Insurance Calculator

Explore and learn how different factors impact the cost of insurance for a BMW M240i. Change driving record, coverage levels, mileage driven, and vehicle usage plus many other factors. Instantly know if your changes have a favorable or unfavorable effect on the rates.

The average estimated car insurance premium for a 2024 BMW M240i is $2,854 per year, or about $238 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

$2,854

Cost Per Month

$238

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 M240i 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 BMW M240i.

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.

$2,854
Average Rate
Your Rate
$2,854

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.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year BMW M240i.

The 'Average Rate' is a combined value for all BMW M240i 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 2024 BMW M240i is $2,854.

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.

2024 BMW M240i vs. the Small Luxury Car Segment

The table below compares insurance rates for the 2024 BMW M240i against all other models in the small luxury car segment. The BMW M240i 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 M240i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M240i.

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

2024 BMW M240i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura Integra$2,082-$772
2BMW 330i$2,384-$470
3Acura TLX$2,424-$430
4Cadillac CT4$2,446-$408
5Genesis G70$2,452-$402
6Lexus IS 350$2,472-$382
7Lexus RC 350$2,542-$312
8BMW 330e$2,544-$310
9BMW 228i$2,548-$306
10BMW 230i$2,568-$286
2024 Small Luxury Car Average$2,578-$276
11Audi S3$2,626-$228
12Alfa Romeo Giulia$2,642-$212
13Audi A4$2,698-$156
14BMW M235i$2,712-$142
15Volvo S60$2,748-$106
16Audi RS 3$2,800-$54
17BMW M240i$2,854--
18BMW M340i$2,862$8

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.

2024 M240i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 BMW M240i.

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.

2024 BMW M240i Insurance Rates by Trim Level
2024 BMW M240i Trim Level Annual Premium Cost Per Month
Coupe$2,830$236
xDrive Coupe$2,880$240

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 2024 BMW M240i for different driver ages.

2024 BMW M240i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$10,058$838
17$9,750$813
18$8,749$729
19$7,972$664
20$6,118$510
21$5,842$487
22$5,238$437
23$4,314$360
24$4,077$340
25$3,314$276
30$3,048$254
35$2,934$245
40$2,854$238
45$2,670$223
50$2,528$211
55$2,358$197
60$2,364$197
65$2,514$210
70$2,714$226
75$3,182$265
80$3,908$326

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 M240i trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the BMW M240i.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average BMW M240i Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 BMW M240i$2,854$238
2023 BMW M240i$2,776$231
2022 BMW M240i$2,644$220
2021 BMW M240i$2,520$210
2020 BMW M240i$2,440$203
2019 BMW M240i$2,288$191
2018 BMW M240i$2,156$180
2017 BMW M240i$2,056$171

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 BMW M240i trim levels for each model year.