BMW 740i Insurance Cost: 2025 Rates, Insights and Comparisons

Is a BMW 740i expensive to insure? We break down rates for all models back to the 2013 model year to see how insurance compares to other large luxury cars.

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  • BMW 740i car insurance rates cost an average of $3,794 per year, $1,897 for a 6-month policy, or $316 per month, depending on the trim level.
  • The cheapest BMW 740i insurance is the on the base Sedan at around $3,728 per year, and the most expensive trim being the xDrive Sedan Excecutive at $3,866 annually.
  • When compared to the entire large luxury car segment, the 740i is a little more expensive than average at 12th out of 24 total comparison vehicles.

How much does BMW 740i car insurance cost?

BMW 740i insurance costs on average $3,794 a year for full coverage, or $316 each month. With the average large luxury car costing $3,748 a year to insure, insuring a BMW 740i costs an average of $46 more every 12 months.

The chart below shows how average BMW 740i insurance rates change depending on the age of the driver and different policy deductibles.

Average 2024 BMW 740i car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 BMW 740i car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

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Data Methodology: Average premiums are based on a 2024 model year BMW 740i. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 BMW 740i Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$6,340$528
$500$7,662$639
$250$9,066$756
30-Year-Old$1,000$3,340$278
$500$4,068$339
$250$4,826$402
40-Year-Old$1,000$3,122$260
$500$3,794$316
$250$4,490$374
50-Year-Old$1,000$2,756$230
$500$3,334$278
$250$3,934$328
60-Year-Old$1,000$2,580$215
$500$3,122$260
$250$3,688$307

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 BMW 740i. Updated June 27, 2025

As with all car insurance policies, the higher the deductibles, the lower the policy costs. In the chart above, 740i car insurance rates range from an average rate for a 60-year-old driver of $3,122 up to the average rate for a 20-year-old driver of $7,662 per year.

A few additional observations when insuring a 740i include:

  • Being a good driver saves money. Having frequent accidents may increase rates, potentially up to $5,418 per year for a 20-year-old driver and even as much as $872 per year for a 60-year-old driver.
  • Expect to pay a lot for high risk insurance. For a 20-year-old driver, having to buy a high-risk insurance policy can potentially increase rates by $5,980 or more per year.
  • Get a discount from your employer. Some auto insurance providers offer discounts for certain professions like architects, college professors, scientists, police officers and law enforcement, emergency medical technicians, and other occupations. By getting this discount, you could potentially save between $114 and $228 on your annual 740i insurance cost, depending on your age.
  • Bring up your credit score to save money. Drivers with high 800+ credit scores could save around $596 per year versus a credit rating of 670-739. Conversely, a subpar credit rating could cost as much as $691 more per year.
  • The older you get, the cheaper insurance rates become. The difference in BMW 740i car insurance cost between a 50-year-old driver ($3,334 per year) and a 30-year-old driver ($4,068 per year) is $734, or a savings of 19.8%.
  • Research discounts to save money. Discounts may be available if the policyholders are claim-free, sign their policy early, work in certain occupations, insure multiple vehicles on the same policy, or many other discounts which could save the average driver as much as $652 per year on their insurance cost.
  • The higher the deductibles, the lower the cost. Raising your policy deductibles from $500 to $1,000 could save around $672 per year for a 40-year-old driver and $1,322 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 $696 per year for a 40-year-old driver and $1,404 per year for a 20-year-old driver.

Does a xDrive 740i cost more to insure?

The cheapest trim level of BMW 740i to insure is the regular Sedan at $3,728 per year, or about $311 per month. The xDrive Sedan Excecutive model costs around $3,866 per year, an increase of about $50 over the non-xDrive sedan model.

The next table shows average auto insurance policy rates, plus a monthly amount for budgeting, for each 2024 BMW 740i trim level.

2024 BMW 740i Insurance Rates by Trim Level
2024 BMW 740i Trim Level Annual Premium Cost Per Month
Sedan$3,728$311
xDrive Sedan$3,782$315
xDrive Sedan Excecutive$3,866$322

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 June 27, 2025

Insurance cost by trim level for a 2024 BMW 740i ranging from the Sedan model at $3,728 per year to the xDrive Sedan Excecutive model at $3,866
Insurance cost by trim level for a 2024 BMW 740i ranging from the Sedan model at $3,728 per year to the xDrive Sedan Excecutive model at $3,866

Is BMW 740i insurance expensive?

The BMW 740i ranks 12th out of 24 comparison vehicles in the 2024 full-size luxury sedan category. The 740i costs an average of $3,794 per year to insure, while the class average rate is $3,748 per year, a difference of $46 per year.

When compared to other luxury models, insurance for a BMW 740i costs $38 less per year than the Mercedes-Benz AMG GT43, $178 less per year than the Mercedes-Benz S500, and $1,012 more per year than the Audi A5.

When compared to the all-vehicle national average car insurance rate of $2,221, the BMW 740i is obviously going to cost more to insure since it’s sticker price starts at over $85,000.

The chart below shows how well 740i car insurance rates compare to other top-selling full-size luxury cars in America. We also included a table beneath the chart that illustrates insurance rate rankings for all 24 vehicles in the large luxury car segment for the 2024 model year.

Average 2024 BMW 740i car insurance premium compared to other large luxury car models.
Figure 2: Average 2024 BMW 740i car insurance premium compared to other large luxury car models. Rates updated on June 26, 2025.

Data Methodology: Average rates are for a 2024 model year BMW 740i. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all BMW 740i trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

BMW 740i Insurance Cost Compared to All Large Luxury Cars
Rank Make and Model Annual Premium Difference
1Audi A5$2,782-$1,012
2Volvo S90$2,870-$924
3Genesis G90$3,076-$718
4Mercedes-Benz AMG E53$3,088-$706
5Mercedes-Benz EQS 450$3,122-$672
6Lexus LS 500$3,220-$574
7Lexus LS 500h$3,262-$532
8BMW 840i$3,354-$440
9BMW i7$3,402-$392
10Audi RS 7$3,524-$270
11BMW M850i$3,780-$14
12BMW 740i$3,794--
13BMW 750e$3,806$12
14Mercedes-Benz AMG GT43$3,832$38
15Audi S8$3,878$84
16Mercedes-Benz S500$3,972$178
17Audi A8$3,982$188
18BMW 760i$4,008$214
19Mercedes-Benz S580$4,162$368
20Mercedes-Benz EQS 580$4,230$436
21Mercedes-Benz Maybach S580$4,598$804
22Mercedes-Benz AMG EQS$4,642$848
23Porsche Panamera$4,666$872
24Mercedes-Benz Maybach S680$4,906$1,112

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 2024 model year. Updated June 26, 2025

How much is insurance on a used BMW 740i?

Insuring a 2013 740i instead of a more expensive 2024 740i could save up to $1,660 each year. Even opting for a more recent 2018 model may save the average driver $970 per year.

The following table details average insurance rates for a BMW 740i from 2013 to 2024 for a range of different driver ages. Prices range from $1,772 for a 60-year-old driver rated on a 2013 BMW 740i to the most expensive rate of $7,662 for a 20-year-old driving a 2024 740i.

BMW 740i Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 BMW 740i$7,662$3,794$3,122
2023 BMW 740i$7,318$3,618$2,980
2022 BMW 740i$7,218$3,560$2,934
2021 BMW 740i$7,030$3,456$2,844
2020 BMW 740i$6,794$3,340$2,748
2019 BMW 740i$6,054$2,976$2,450
2018 BMW 740i$5,726$2,824$2,326
2017 BMW 740i$5,408$2,668$2,198
2016 BMW 740i$5,022$2,482$2,048
2015 BMW 740i$4,712$2,324$1,926
2014 BMW 740i$4,516$2,230$1,848
2013 BMW 740i$4,326$2,134$1,772

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 740i trim levels for each model year. Updated June 26, 2025

Average insurance rates for 2013 to 2024 BMW 740i models for drivers age 20, 40 and 60
Average insurance rates for 2013 to 2024 BMW 740i models for drivers age 20, 40 and 60