- Car insurance rates on a BMW M2 cost an average of $2,102 per year, or around $175 per month.
- Out of 26 models in the 2023 sports car segment, the M2 ranks ninth for car insurance cost.
How much does BMW M2 insurance cost?
BMW M2 car insurance rates average $2,102 a year, or $175 each month, for a full coverage policy. On average, expect to pay around $374 less annually to insure a BMW M2 as compared to the average rate for sports cars, and $374 more per year than the all-vehicle national average of $1,728.
The rate summary chart below shows how 2023 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 2023 model years for five different age groups. The annual cost for the average 40-year-old driver ranges from $1,724 to $2,102 for a full coverage policy.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2023 BMW M2 | $4,176 | $2,102 | $1,878 |
| 2021 BMW M2 | $4,060 | $2,036 | $1,818 |
| 2020 BMW M2 | $3,996 | $2,004 | $1,788 |
| 2019 BMW M2 | $3,930 | $1,962 | $1,756 |
| 2018 BMW M2 | $3,624 | $1,810 | $1,620 |
| 2017 BMW M2 | $3,448 | $1,724 | $1,546 |
| 2016 BMW M2 | $3,368 | $1,690 | $1,514 |
How do BMW M2 insurance prices compare?
When average rates are compared to the other sports cars, insurance rates for a BMW M2 cost $228 less than the Lexus RC F, $628 less per year than the Dodge Challenger, $124 more than the BMW Z4, and $266 less than the Chevrolet Camaro.
The BMW M2 ranks ninth out of 26 total vehicles in the sports car segment for most affordable car insurance cost. The M2 costs an average of $2,102 per year for full coverage auto insurance, while the class average insurance cost is $2,476 annually, a difference of $374 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/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,672 | -$430 |
| 2 | Audi TT | $1,876 | -$226 |
| 3 | Ford Mustang | $1,964 | -$138 |
| 4 | BMW Z4 | $1,978 | -$124 |
| 5 | Subaru WRX | $2,002 | -$100 |
| 6 | Nissan Z | $2,032 | -$70 |
| 7 | Toyota GR Supra | $2,066 | -$36 |
| 8 | Toyota GR86 | $2,092 | -$10 |
| 9 | BMW M2 | $2,102 | -- |
| 10 | Subaru BRZ | $2,186 | $84 |
| 11 | Chevrolet Corvette | $2,234 | $132 |
| 12 | BMW M3 | $2,282 | $180 |
| 13 | Lexus RC F | $2,330 | $228 |
| 14 | Porsche 718 | $2,334 | $232 |
| 15 | Chevrolet Camaro | $2,368 | $266 |
| 16 | Mercedes-Benz AMG GT53 | $2,512 | $410 |
| 17 | Jaguar F-Type | $2,600 | $498 |
| 18 | Porsche Taycan | $2,656 | $554 |
| 19 | BMW M4 | $2,692 | $590 |
| 20 | Lexus LC 500 | $2,722 | $620 |
| 21 | Dodge Challenger | $2,730 | $628 |
| 22 | Porsche 911 | $2,964 | $862 |
| 23 | Acura NSX | $3,354 | $1,252 |
| 24 | Audi R8 | $3,468 | $1,366 |
| 25 | Mercedes-Benz SL 55 | $3,474 | $1,372 |
| 26 | Mercedes-Benz SL 63 | $3,698 | $1,596 |
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 $330 per year compared to a slightly lower credit rating between 670-739. Conversely, a poor credit rating could cost as much as $383 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 $358 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 $2,918 per year for a 20-year-old driver and even as much as $652 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 $544 per year. Major violations such as driving while intoxicated could raise rates by an additional $1,916 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 $3,220 or more per year.
