2023 BMW M240i Car Insurance Calculator

Learn in real-time how the choices you make influence insurance rates for a 2023 BMW M240i. Experiment with rate factors like policy discounts, vehicle trim level, and driving violations to see how insurance rates are affected. See instantly if the choice you made has a positive or negative impact on rates and exactly why.

The average estimated car insurance premium for a 2023 BMW M240i is $2,776 per year, or about $231 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

$2,776

Cost Per Month

$231

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 2023 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.

$2,776
Average Rate
Your Rate
$2,776

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 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 2023 BMW M240i is $2,776.

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 M240i vs. the Small Luxury Car Segment

The table below compares insurance rates for the 2023 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.

2023 BMW M240i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura Integra$2,046-$730
2BMW 330i$2,316-$460
3Acura TLX$2,352-$424
4Cadillac CT4$2,382-$394
5Genesis G70$2,430-$346
6BMW 330e$2,466-$310
7BMW 228i$2,478-$298
8BMW 230i$2,496-$280
2023 Small Luxury Car Average$2,509-$267
9Mercedes-Benz C300$2,514-$262
10Audi A4$2,526-$250
11Volvo S60$2,530-$246
12Lexus RC 350$2,536-$240
13Audi S3$2,546-$230
14Alfa Romeo Giulia$2,572-$204
15BMW M235i$2,578-$198
16Lexus IS 350$2,622-$154
17Audi RS 3$2,720-$56
18BMW M240i$2,776--
19BMW M340i$2,784$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.

2023 M240i Insurance Rates by Trim Level

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

2023 BMW M240i Insurance Rates by Trim Level
2023 BMW M240i Trim Level Annual Premium Cost Per Month
Coupe$2,748$229
xDrive Coupe$2,800$233

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 M240i for different driver ages.

2023 BMW M240i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,814$818
17$9,506$792
18$8,520$710
19$7,767$647
20$5,956$496
21$5,686$474
22$5,096$425
23$4,195$350
24$3,966$331
25$3,220$268
30$2,958$247
35$2,850$238
40$2,776$231
45$2,594$216
50$2,458$205
55$2,292$191
60$2,298$192
65$2,446$204
70$2,642$220
75$3,104$259
80$3,814$318

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.