- BMW 840i car insurance rates cost $3,436 per year on average, or about $286 per month, for a policy with full coverage.
- The cheapest 840i to insure is the Coupe model at an estimated $3,390 per year. The most expensive is the xDrive Convertible at $3,494 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 $3,436 per year, which is the equivalent of $286 a month. Comprehensive will cost an estimated $936 a year, liability and medical payments insurance costs around $708, and the remaining collision coverage costs an estimated $1,792.
The next chart displays average insurance cost for a 2024 BMW 840i using different policy scenarios.
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 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Coupe | $3,390 | $283 |
| Gran Coupe | $3,390 | $283 |
| xDrive Coupe | $3,448 | $287 |
| xDrive Gran Coupe | $3,448 | $287 |
| Convertible | $3,450 | $288 |
| xDrive Convertible | $3,494 | $291 |
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 details average BMW 840i car insurance premiums for the 2020 to 2024 model years and a range of rated drivers.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW 840i | $6,898 | $3,436 | $2,828 |
| 2023 BMW 840i | $6,704 | $3,334 | $2,744 |
| 2022 BMW 840i | $6,412 | $3,172 | $2,612 |
| 2021 BMW 840i | $6,616 | $3,262 | $2,690 |
| 2020 BMW 840i | $6,400 | $3,158 | $2,604 |
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 October 24, 2025
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 $3,436 per year to insure for full coverage and the segment median price is $3,839 per year, a difference of $403 per year.
When compared side-by-side to the other large luxury cars, auto insurance rates for a BMW 840i cost $586 more per year than the Audi A5, $448 less than the BMW 740i, and $1,346 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Audi A5 | $2,850 | -$586 |
| 2 | Volvo S90 | $2,940 | -$496 |
| 3 | Genesis G90 | $3,154 | -$282 |
| 4 | Mercedes-Benz AMG E53 | $3,164 | -$272 |
| 5 | Mercedes-Benz EQS 450 | $3,198 | -$238 |
| 6 | Lexus LS 500 | $3,298 | -$138 |
| 7 | Lexus LS 500h | $3,338 | -$98 |
| 8 | BMW 840i | $3,436 | -- |
| 9 | BMW i7 | $3,482 | $46 |
| 10 | Audi RS 7 | $3,608 | $172 |
| 11 | BMW M850i | $3,870 | $434 |
| 12 | BMW 740i | $3,884 | $448 |
| 13 | BMW 750e | $3,898 | $462 |
| 14 | Mercedes-Benz AMG GT43 | $3,926 | $490 |
| 15 | Audi S8 | $3,972 | $536 |
| 16 | Mercedes-Benz S500 | $4,072 | $636 |
| 17 | Audi A8 | $4,078 | $642 |
| 18 | BMW 760i | $4,104 | $668 |
| 19 | Mercedes-Benz S580 | $4,262 | $826 |
| 20 | Mercedes-Benz EQS 580 | $4,334 | $898 |
| 21 | Mercedes-Benz Maybach S580 | $4,710 | $1,274 |
| 22 | Mercedes-Benz AMG EQS | $4,758 | $1,322 |
| 23 | Porsche Panamera | $4,782 | $1,346 |
| 24 | Mercedes-Benz Maybach S680 | $5,026 | $1,590 |
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 October 24, 2025
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 $618 per year for a 40-year-old driver and $1,214 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 $646 per year for a 40-year-old driver and $1,284 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 ($3,436 per year) and a 20-year-old driver ($6,898 per year) is $3,462, 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 $539 per year over a good credit rating of 670-739. Conversely, a not-so-perfect credit rating could cost up to $625 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 $6,898 per year, while a 20-year-old female driver will pay $4,932, a difference of $1,966 per year. Women get significantly cheaper rates. But by age 50, the rate for males is $3,020 and the rate for women is $2,954, a difference of only $66.
- 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 $582 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 $3,962 or more per year.