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

• BMW 740i car insurance rates cost an average of $3,884 per year, $1,942 for a 6-month policy, or $324 per month, depending on the trim level.
• The cheapest BMW 740i insurance is the on the base Sedan at around $3,820 per year, and the most expensive trim being the xDrive Sedan Excecutive at $3,960 annually.
• When compared to the entire large luxury car segment, the 740i is a little more expensive than average at 12^th out of 24 total comparison vehicles.

How much does BMW 740i car insurance cost?

BMW 740i insurance costs on average $3,884 a year for full coverage, or $324 each month. With the average large luxury car costing $3,839 a year to insure, insuring a BMW 740i costs an average of $45 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.

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 $3,200 up to the average rate for a 20-year-old driver of $7,852 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 $5,552 per year for a 20-year-old driver and even as much as $898 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 $6,126 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 $117 and $233 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 $610 per year versus a credit rating of 670-739. Conversely, a subpar credit rating could cost as much as $707 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 ($3,414 per year) and a 30-year-old driver ($4,164 per year) is $750, 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 $662 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 $686 per year for a 40-year-old driver and $1,356 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 $718 per year for a 40-year-old driver and $1,440 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 $3,820 per year, or about $318 per month. The xDrive Sedan Excecutive model costs around $3,960 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.

Is BMW 740i insurance expensive?

The BMW 740i ranks 12^th out of 24 comparison vehicles in the 2024 full-size luxury sedan category. The 740i costs an average of $3,884 per year to insure, while the class average rate is $3,839 per year, a difference of $45 per year.

When compared to other luxury models, insurance for a BMW 740i costs $42 less per year than the Mercedes-Benz AMG GT43, $188 less per year than the Mercedes-Benz S500, and $1,034 more per year than the Audi A5.

When compared to the all-vehicle national average car insurance rate of $2,276, 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.

How much is insurance on a used BMW 740i?

Insuring a 2013 740i instead of a more expensive 2024 740i could save up to $1,698 each year. Even opting for a more recent 2018 model may save the average driver $992 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 $1,814 for a 60-year-old driver rated on a 2013 BMW 740i to the most expensive rate of $7,852 for a 20-year-old driving a 2024 740i.