BMW M340i Car Insurance Calculator

Watch in real-time how changes to different risk factors impact car insurance rates for a BMW M340i. Make changes to factors like trim level, driving violations, and policy coverages and see their impact on rates. Instantly discover if the change you make raises or lowers insurance rates and why.

The average estimated car insurance premium for a 2024 BMW M340i is $2,862 per year, or about $239 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

$2,862

Cost Per Month

$239

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 M340i 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 M340i.

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.

$2,862
Average Rate
Your Rate
$2,862

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 M340i.

The 'Average Rate' is a combined value for all BMW M340i 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 M340i is $2,862.

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 M340i vs. the Small Luxury Car Segment

The table below compares insurance rates for the 2024 BMW M340i against all other models in the small luxury car segment. The BMW M340i 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 M340i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M340i.

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

2024 BMW M340i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura Integra$2,082-$780
2BMW 330i$2,384-$478
3Acura TLX$2,424-$438
4Cadillac CT4$2,446-$416
5Genesis G70$2,452-$410
6Lexus IS 350$2,472-$390
7Lexus RC 350$2,542-$320
8BMW 330e$2,544-$318
9BMW 228i$2,548-$314
10BMW 230i$2,568-$294
2024 Small Luxury Car Average$2,578-$284
11Audi S3$2,626-$236
12Alfa Romeo Giulia$2,642-$220
13Audi A4$2,698-$164
14BMW M235i$2,712-$150
15Volvo S60$2,748-$114
16Audi RS 3$2,800-$62
17BMW M240i$2,854-$8
18BMW M340i$2,862--

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 M340i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 BMW M340i.

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 M340i Insurance Rates by Trim Level
2024 BMW M340i Trim Level Annual Premium Cost Per Month
Sedan$2,840$237
xDrive Sedan$2,884$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 M340i for different driver ages.

2024 BMW M340i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,985$832
17$9,715$810
18$8,790$733
19$7,984$665
20$6,145$512
21$5,869$489
22$5,273$439
23$4,318$360
24$4,089$341
25$3,326$277
30$3,060$255
35$2,938$245
40$2,862$239
45$2,668$222
50$2,526$211
55$2,354$196
60$2,360$197
65$2,514$210
70$2,698$225
75$3,146$262
80$3,862$322

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 M340i trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the BMW M340i.

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 M340i Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 BMW M340i$2,862$239
2023 BMW M340i$2,784$232
2022 BMW M340i$2,668$222

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 M340i trim levels for each model year.