BMW 840i Insurance Cost for 2025: Why are Rates so High?

How expensive are insurance rates for a BMW 840i?

We compared average rate quotes from the Coupe model to the xDrive Convertible trim level to look at how insurance for the 840i measures up to similar vehicles.

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  • BMW 840i car insurance rates cost $3,354 per year on average, or about $280 per month, for a policy with full coverage.
  • The cheapest 840i to insure is the Coupe model at an estimated $3,310 per year. The most expensive is the xDrive Convertible at $3,410 annually.
  • Out of 24 competing large luxury cars for 2024, the 840i ranks eighth for insurance affordability.

How much does BMW 840i insurance cost?

Average BMW 840i insurance costs $3,354 per year, which is the equivalent of $280 a month. Comprehensive will cost an estimated $914 a year, liability and medical payments insurance costs around $690, and the remaining collision coverage costs an estimated $1,750.

The next chart displays average insurance cost for a 2024 BMW 840i using different policy scenarios.

Average 2024 BMW 840i insurance premiums for different driver ages and risk scenarios.
Figure 1: Average 2024 BMW 840i insurance premiums for different driver ages and risk scenarios. Rates updated on June 27, 2025.

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Data Methodology: Average rates are for a 2024 model year BMW 840i with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all BMW 840i trim levels.

2024 BMW 840i Insurance Cost Summary
Driver Risk Profile Annual Premium Cost Per Month
High Risk Driver Age 30$7,672$639
Safe Driver Age 20$6,734$561
At-fault Accidents Age 40$4,700$392
Low Deductibles Age 40$4,530$378
Safe Driver Age 30$3,600$300
Safe Driver Age 40$3,354$280
Safe Driver Age 50$2,948$246
Discount Rate Age 40$2,786$232
Safe Driver Age 60$2,760$230
High Deductibles Age 40$2,748$229

Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2024 BMW 840i trim levels. Updated June 27, 2025

The rate table below details the average annual and 6-month policy costs, including a monthly budget estimate, for each BMW 840i model trim level.

2024 BMW 840i Insurance Rates by Trim Level
2024 BMW 840i Trim Level Annual Premium Cost Per Month
Coupe$3,310$276
Gran Coupe$3,310$276
Convertible$3,366$281
xDrive Coupe$3,368$281
xDrive Gran Coupe$3,368$281
xDrive Convertible$3,410$284

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 840i ranging from the Coupe model at $3,310 per year to the xDrive Convertible model at $3,410
Insurance cost by trim level for a 2024 BMW 840i ranging from the Coupe model at $3,310 per year to the xDrive Convertible model at $3,410

The following table details average BMW 840i car insurance premiums for the 2020 to 2024 model years and a range of rated drivers.

BMW 840i Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 BMW 840i$6,734$3,354$2,760
2023 BMW 840i$6,544$3,252$2,680
2022 BMW 840i$6,260$3,094$2,548
2021 BMW 840i$6,456$3,184$2,626
2020 BMW 840i$6,246$3,082$2,542

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 840i trim levels for each model year. Updated June 27, 2025

Average insurance rates for 2020 to 2024 BMW 840i models for drivers age 20, 40 and 60
Average insurance rates for 2020 to 2024 BMW 840i models for drivers age 20, 40 and 60

Insurance on a BMW 840i vs. other luxury cars

The BMW 840i ranks eighth out of 24 total comparison vehicles in the large luxury car segment for most affordable car insurance cost. The 840i costs an average of $3,354 per year to insure for full coverage and the segment median price is $3,748 per year, a difference of $394 per year.

When compared side-by-side to the other large luxury cars, auto insurance rates for a BMW 840i cost $572 more per year than the Audi A5, $440 less than the BMW 740i, and $1,312 less than the Porsche Panamera.

The table displayed below shows how well 840i insurance rates compare to other large luxury cars like the Infiniti Q60, Audi A8, and the Genesis G90.

Insurance Cost Comparison: BMW 840i vs Large Luxury Cars
Rank Make and Model Annual Premium Difference
1Audi A5$2,782-$572
2Volvo S90$2,870-$484
3Genesis G90$3,076-$278
4Mercedes-Benz AMG E53$3,088-$266
5Mercedes-Benz EQS 450$3,122-$232
6Lexus LS 500$3,220-$134
7Lexus LS 500h$3,262-$92
8BMW 840i$3,354--
9BMW i7$3,402$48
10Audi RS 7$3,524$170
11BMW M850i$3,780$426
12BMW 740i$3,794$440
13BMW 750e$3,806$452
14Mercedes-Benz AMG GT43$3,832$478
15Audi S8$3,878$524
16Mercedes-Benz S500$3,972$618
17Audi A8$3,982$628
18BMW 760i$4,008$654
19Mercedes-Benz S580$4,162$808
20Mercedes-Benz EQS 580$4,230$876
21Mercedes-Benz Maybach S580$4,598$1,244
22Mercedes-Benz AMG EQS$4,642$1,288
23Porsche Panamera$4,666$1,312
24Mercedes-Benz Maybach S680$4,906$1,552

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

At $3,354 per year, insurance cost for a 2024 BMW 840i ranks eighth out of 24 models in the large luxury car segment
At $3,354 per year, insurance cost for a 2024 BMW 840i ranks eighth out of 24 models in the large luxury car segment

Other rates and observations

Some additional important insights about insuring a BMW 840i include:

  • Higher physical damage deductibles lower policy cost. Increasing deductibles from $500 to $1,000 could save around $606 per year for a 40-year-old driver and $1,184 per year for a 20-year-old driver.
  • Low deductibles increase auto insurance cost. Cutting your deductibles from $500 to $250 could cost an additional $630 per year for a 40-year-old driver and $1,254 per year for a 20-year-old driver.
  • As you get older, rates tend to drop. The difference in insurance cost for a BMW 840i between a 40-year-old driver ($3,354 per year) and a 20-year-old driver ($6,734 per year) is $3,380, or a savings of 67%.
  • Raise your credit score to score lower rates. Drivers who maintain a credit score over 800 could save as much as $527 per year over a good credit rating of 670-739. Conversely, a not-so-perfect credit rating could cost up to $610 more per year.
  • Gender and age affect the rate you pay. For a 2024 BMW 840i, a 20-year-old male driver will pay an estimated rate of $6,734 per year, while a 20-year-old female driver will pay $4,816, a difference of $1,918 per year. Women get significantly cheaper rates. But by age 50, the rate for males is $2,948 and the rate for women is $2,884, a difference of only $64.
  • Get cheaper rates by researching discounts. Discounts may be available if the policyholders choose electronic billing, belong to certain professional organizations, work in certain occupations, sign their policy early, or many other discounts which could save the average driver as much as $568 per year on the cost of insuring a 840i.
  • It’s expensive to buy high-risk insurance. For a 50-year-old driver, having to buy a high-risk insurance policy could increase the cost by $3,866 or more per year.