Ultimate Guide to Insuring a BMW 740e: 2025 Edition

• Car insurance on a BMW 740e costs an average of $2,956 per year, $1,478 for a 6-month policy, or around $246 per month.
• Out of 31 models in the 2019 large luxury car segment, the 740e ranks 19^th for auto insurance affordability.

How much does BMW 740e car insurance cost?

BMW 740e insurance costs on average $2,956 annually for full coverage, or around $246 a month. Drivers can expect to pay around $25 less each year to insure a BMW 740e compared to similar vehicles, and $735 more per year than the overall national average of $2,221.

The rate chart below demonstrates how average BMW 740e car insurance rates can fluctuate based on the age of the rated driver and the policy deductibles. The values shown range from the lowest price of $2,002 per year for a 60-year-old driver with high physical damage deductibles to the highest cost of $7,136 annually for a 20-year-old driver with deductibles of $250.

The table below details average BMW 740e insurance rates for the 2017 to 2019 model years.

Additional insurance rates and insights

Some additional data insights as they relate to insurance costs on a BMW 740e include:

• Your employer could earn you discounts. The vast majority of car insurance providers offer discounts for certain occupations like nurses, architects, accountants, police officers and law enforcement, firefighters, and others. Earning this discount could potentially save between $89 and $202 on your annual car insurance bill, subject to the policy coverages selected.
• 740e insurance rates for teens are expensive. Average rates for full coverage 740e insurance costs $10,377 per year for a 16-year-old driver, $10,155 per year for a 17-year-old driver, $9,297 per year for an 18-year-old driver, and $8,376 per year for a 19-year-old driver.
• High-risk car insurance can get expensive. For a 20-year-old driver, the requirement to buy a high-risk policy could inflate rates by $4,688 or more per year.
• Rated driver gender affects the rate you pay. For a 2019 BMW 740e, a 20-year-old man will have an average rate of $6,004 per year, while a 20-year-old woman will pay $4,262, a difference of $1,742 per year. The females get much better rates. But by age 50, the cost for a male driver is $2,592 and female driver rates are $2,538, a difference of only $54.
• Lower the cost of your policy by increasing deductibles. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $534 per year for a 40-year-old driver and $1,064 per year for a 20-year-old driver.
• Lowering deductibles makes car insurance more expensive. Decreasing your policy deductibles from $500 to $250 could cost an additional $558 per year for a 40-year-old driver and $1,132 per year for a 20-year-old driver.
• As you get older, BMW 740e car insurance rates tend to be cheaper. The difference in 740e insurance rates between a 40-year-old driver ($2,956 per year) and a 20-year-old driver ($6,004 per year) is $3,048, or a savings of 68%.
• Citations and violations increase insurance rates. In order to have the most affordable 740e insurance rates, it pays to drive within the law. A couple of traffic violations could end up increasing insurance policy rates by as much as $780 per year. Serious misdemeanor violations like a DUI could raise rates by an additional $2,758 or more.

BMW 740e insurance cost vs. other large luxury cars

When compared to some other models in the large luxury car category, car insurance rates for a BMW 740e cost $790 more per year than the Audi A5, $20 less than the BMW 740i, and $698 more than the Cadillac XTS.

The BMW 740e ranks 19^th out of 31 total comparison vehicles in the large luxury car class for car insurance affordability. The 740e costs an average of $2,956 per year to insure, while the segment average auto insurance cost is $2,981 per year, a difference of $25 per year.

The chart below shows how average BMW 740e car insurance cost compares to the best-selling 2019 large luxury cars like the Cadillac CT6, Lincoln Continental, and the Porsche Panamera. A more comprehensive data table is included after the chart that ranks rates for all 31 models in the 2019 large luxury car segment.