- Car insurance rates on a BMW M2 cost an average of $2,772 per year, or around $231 per month.
- Out of 23 models in the 2024 sports car segment, the M2 ranks seventh for car insurance cost.
How much does BMW M2 insurance cost?
BMW M2 car insurance rates average $2,772 a year, or $231 each month, for a full coverage policy. On average, expect to pay around $528 less annually to insure a BMW M2 as compared to the average rate for sports cars, and $496 more per year than the all-vehicle national average of $2,276.
The rate summary chart below shows how 2024 BMW M2 insurance cost changes depending on the age of the driver and the physical damage deductibles chosen for the policy.
The table below illustrates average car insurance cost on a BMW M2 from the 2016 to the 2024 model years for five different age groups. The annual cost for the average 40-year-old driver ranges from $2,178 to $2,772 for a full coverage policy.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW M2 | $5,558 | $2,772 | $2,292 |
| 2023 BMW M2 | $5,446 | $2,710 | $2,240 |
| 2021 BMW M2 | $5,312 | $2,632 | $2,176 |
| 2020 BMW M2 | $5,138 | $2,546 | $2,106 |
| 2019 BMW M2 | $5,038 | $2,480 | $2,054 |
| 2018 BMW M2 | $4,558 | $2,258 | $1,864 |
| 2017 BMW M2 | $4,396 | $2,178 | $1,800 |
| 2016 BMW M2 | $4,110 | $2,050 | $1,700 |
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 M2 trim levels for each model year. Updated October 24, 2025
How do BMW M2 insurance prices compare?
When average rates are compared to the other sports cars, insurance rates for a BMW M2 cost $1,860 less per year than the Mercedes-Benz SL 55, $138 more per year than the Ford Mustang, $242 more per year than the Toyota GR86, and $1,290 less per year than the Porsche Taycan.
The BMW M2 ranks seventh out of 23 total vehicles in the sports car segment for most affordable car insurance cost. The M2 costs an average of $2,772 per year for full coverage auto insurance, while the class average insurance cost is $3,300 annually, a difference of $528 per year.
The table displayed below shows how BMW M2 insurance rates compare to the top-selling small luxury cars like the Acura TLX, Audi A4, and the Genesis G70.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $2,220 | -$552 |
| 2 | Toyota GR86 | $2,530 | -$242 |
| 3 | Ford Mustang | $2,634 | -$138 |
| 4 | BMW Z4 | $2,650 | -$122 |
| 5 | Subaru WRX | $2,690 | -$82 |
| 6 | Toyota GR Supra | $2,694 | -$78 |
| 7 | BMW M2 | $2,772 | -- |
| 8 | Nissan Z | $2,778 | $6 |
| 9 | Lexus RC F | $2,838 | $66 |
| 10 | Subaru BRZ | $2,868 | $96 |
| 11 | BMW M3 | $3,030 | $258 |
| 12 | Porsche 718 | $3,090 | $318 |
| 13 | Chevrolet Camaro | $3,118 | $346 |
| 14 | Chevrolet Corvette | $3,322 | $550 |
| 15 | Porsche 911 | $3,438 | $666 |
| 16 | BMW M4 | $3,580 | $808 |
| 17 | Lexus LC 500 | $3,600 | $828 |
| 18 | Jaguar F-Type | $3,786 | $1,014 |
| 19 | Mercedes-Benz AMG GT53 | $3,972 | $1,200 |
| 20 | Porsche Taycan | $4,062 | $1,290 |
| 21 | Mercedes-Benz SL 55 | $4,632 | $1,860 |
| 22 | Nissan GT-R | $4,670 | $1,898 |
| 23 | Mercedes-Benz SL 63 | $4,930 | $2,158 |
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 insights
Some other noteworthy insights concerning the cost of insurance for an M2 include:
- Polish up your credit rating for lower rates. Insureds with excellent credit scores of 800+ may save up to $435 per year compared to a slightly lower credit rating between 670-739. Conversely, a poor credit rating could cost as much as $505 more per year.
- Qualify for policy discounts to save money. Discounts may be available if policyholders choose electronic billing, are good students, are claim-free, are loyal customers, belong to certain professional organizations, or other policy discounts which could save the average driver as much as $468 per year on the cost of insuring an M2.
- Negligent drivers pay higher insurance rates. Too many at-fault accidents can cost more, potentially up to $3,912 per year for a 20-year-old driver and even as much as $800 per year for a 50-year-old driver.
- Driving citations can increase insurance cost. To get the cheapest M2 car insurance rates, it’s necessary to not be an aggressive driver. As a matter of fact, just one or two minor incidents on your driving report could increase insurance rates by as much as $730 per year. Major violations such as driving while intoxicated could raise rates by an additional $2,548 or more.
- Car insurance is expensive for high-risk drivers. For a 20-year-old driver, having a tendency to get into accidents or receive violations could inflate rates by $4,314 or more per year.