- The average BMW 340i insurance cost is $2,936 per year, or $245 per month for full coverage.
- The BMW 340i Sedan model has the cheapest insurance rates at around $2,886 per year, or $241 per month.
- The model with the most expensive insurance is the xDrive Sedan at $2,952 per year, or around $246 per month.
- When compared to other compact luxury cars, the BMW 340i is one of the more expensive small luxury cars to insure, costing $488 more per year on average.
How much does BMW 340i car insurance cost?
BMW 340i insurance rates average $2,936 annually for full coverage, or $245 monthly. Overall, expect to pay approximately $488 more annually to insure a BMW 340i compared to the small luxury cars average rate, and $660 more per year than the $2,276 average for all vehicles.
The chart below shows how average 340i auto insurance prices can change with differences in driver age and the physical damage deductibles chosen for the policy.
The rate table below displays the estimated annual and semi-annual policy costs, plus a monthly insurance rate, for each BMW 340i model package and trim level.
| 2021 BMW 340i Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Sedan | $2,886 | $241 |
| Executive Sedan | $2,952 | $246 |
| xDrive Executive Sedan | $2,952 | $246 |
| xDrive Sedan | $2,952 | $246 |
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. Updated October 24, 2025
The following table breaks down average insurance rate data for a BMW 340i for the 2016 to 2021 model years. Annual car insurance rates range from $1,920 to $2,936 for the 2016 to 2021 model years.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2021 BMW 340i | $2,936 | $245 |
| 2020 BMW 340i | $2,844 | $237 |
| 2019 BMW 340i | $2,628 | $219 |
| 2018 BMW 340i | $2,470 | $206 |
| 2017 BMW 340i | $2,310 | $193 |
| 2016 BMW 340i | $1,920 | $160 |
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 340i trim levels for each model year. Updated October 24, 2025
How do 340i car insurance prices rank?
The BMW 340i ranks 17th out of 17 total vehicles in the small luxury car class for auto insurance affordability. The 340i costs an average of $2,936 per year for a car insurance policy with full coverage and the segment median rate is $2,448 per year, a difference of $488 per year.
When insurance prices are compared to other popular small luxury cars, car insurance rates for a BMW 340i cost $632 more per year than the BMW 330i, $360 more than the Mercedes-Benz C300, and $684 more than the Volvo S60.
The following table shows how average 340i car insurance rates compare to the top 10 selling small luxury cars in America like the Acura TLX, Audi A4, and the Genesis G70.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz A220 | $2,082 | -$854 |
| 2 | Volvo S60 | $2,252 | -$684 |
| 3 | BMW 330i | $2,304 | -$632 |
| 4 | Cadillac CT4 | $2,330 | -$606 |
| 5 | Acura TLX | $2,344 | -$592 |
| 6 | Lexus RC 350 | $2,370 | -$566 |
| 7 | BMW i3 | $2,384 | -$552 |
| 8 | BMW 230i | $2,394 | -$542 |
| 9 | Genesis G70 | $2,424 | -$512 |
| 10 | Audi S3 | $2,438 | -$498 |
| 11 | Alfa Romeo Giulia | $2,446 | -$490 |
| 12 | Audi A4 | $2,474 | -$462 |
| 13 | Mercedes-Benz C300 | $2,576 | -$360 |
| 14 | BMW M240i | $2,580 | -$356 |
| 15 | Audi RS 3 | $2,618 | -$318 |
| 16 | Lexus IS 350 | $2,666 | -$270 |
| 17 | BMW 340i | $2,936 | -- |
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 vehicle from the 2021 model year. Updated October 24, 2025
