BMW M240i Insurance Cost for 2022

How much are BMW M240i car insurance rates? We compared average prices from the base M240i Convertible up to the xDrive Premium Coupe trim level to see how insurance cost compared side-by-side to the rest of the small luxury car class.

Start QuoteCompare M240i car insurance rates and save on your next policy.

  • BMW M240i insurance costs an average of $1,884 per year, or around $157 per month, for full coverage.
  • Car insurance rates for the BMW M240i range from $1,884 to $1,884 annually for an average driver, depending on trim level.
  • The M240i ranks #17 out of 19 vehicles in the small luxury car class for insurance affordability.

How much does BMW M240i insurance cost?

Ranked #17 out of 19 vehicles in the small luxury car class, BMW M240i car insurance costs around $1,884 a year, or $157 monthly. With the average small luxury car costing $1,730 a year to insure, the BMW M240i could cost an estimated $154 or more on an annual basis.

The next chart details how average BMW M240i car insurance rates can change with a variety of driver ages and physical damage deductibles. Average prices range from $1,406 per year for a driver age 60 with high policy deductibles to the highest cost of $4,370 annually for a driver age 20 with $250 deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 BMW M240i with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW M240i trim levels.Data last updated on November 14, 2022
BMW M240i Car Insurance Rates
BMW M240i Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,126$261
$500$3,732$311
$250$4,370$364
30$1,000$1,658$138
$500$1,998$167
$250$2,352$196
40$1,000$1,572$131
$500$1,884$157
$250$2,210$184
50$1,000$1,434$120
$500$1,712$143
$250$2,006$167
60$1,000$1,406$117
$500$1,680$140
$250$1,968$164

From a trim level perspective, car insurance rates for a 2022 BMW M240i range from $1,884 to $1,884. The next table shows the average annual and semi-annual policy costs, including a monthly budget amount, for each BMW M240i package and trim.

2022 BMW M240i Insurance Cost by Trim Level
BMW M240i Trim Level Annual Policy 6-month Policy Per Month
xDrive Coupe$1,884$942$157

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 BMW M240i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 14, 2022
BMW M240i Insurance Cost by Trim Level

The rate table below shows average BMW M240i full coverage insurance policy costs for the 2017-2021 model years. Annual prices range from $1,548 for a 2017 model to $1,884 for a 2022 M240i.

BMW M240i Insurance Cost for 2017-2022 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2022 BMW M240i$1,884$942$157
2021 BMW M240i$1,786$893$149
2020 BMW M240i$1,750$875$146
2019 BMW M240i$1,666$833$139
2018 BMW M240i$1,608$804$134
2017 BMW M240i$1,548$774$129

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 14, 2022
BMW M240i Insurance Cost by Model Year

Is BMW M240i insurance expensive?

When compared directly to some other models in the small luxury car category, car insurance prices for a BMW M240i cost $272 more per year than the BMW 330i, $70 more than the Mercedes-Benz C300, and $246 more than the Volvo S60.

The BMW M240i ranks #17 out of 19 total comparison vehicles in the small luxury car category for most affordable auto insurance rates. The M240i costs an estimated $1,884 per year for a car insurance policy with full coverage and the segment average cost is $1,730 per year, a difference of $154 per year.

The chart below shows how average BMW M240i insurance rates compare to the top 10 best-selling small luxury cars like the Acura TLX, Audi A4, and the Genesis G70. We also included a more comprehensive table following the chart that ranks average insurance rates for all 19 models in the small luxury car category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year BMW M240i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW M240i trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on November 14, 2022
BMW M240i vs Top 10 Small Luxury Cars Insurance Rate Comparison
BMW M240i Insurance Cost Compared to All Small Luxury Cars
Rank Make/Model Insurance Cost Difference
1Mercedes-Benz A220$1,500-$384
2BMW 330i$1,612-$272
3Acura TLX$1,620-$264
4Volvo S60$1,638-$246
5BMW 330e$1,642-$242
6BMW 228i$1,652-$232
7BMW 230i$1,664-$220
8Alfa Romeo Giulia$1,692-$192
9Cadillac CT4$1,694-$190
10Lexus RC 350$1,698-$186
11Genesis G70$1,720-$164
12Audi A4$1,766-$118
13Audi S3$1,772-$112
14Mercedes-Benz C300$1,814-$70
15BMW M235i$1,852-$32
16Audi RS 3$1,856-$28
17BMW M240i$1,884--
18Lexus IS 350$1,898$14
19BMW M340i$1,902$18

Supplementary rates and discounts

Some additional rate insights and possible ways to save on your next policy are included below.

  • The higher the deductibles, the lower the cost. Raising deductibles from $500 to $1,000 could save around $312 per year for a 40-year-old driver and $606 per year for a 20-year-old driver.
  • Low physical damage deductibles increases cost. Decreasing deductibles from $500 to $250 could cost an additional $326 per year for a 40-year-old driver and $638 per year for a 20-year-old driver.
  • Insurance for teenage drivers is expensive. Average rates for full coverage M240i insurance costs $6,584 per year for a 16-year-old driver, $6,186 per year for a 17-year-old driver, $5,794 per year for a 18-year-old driver, and $5,268 per year for a 19-year-old driver.
  • Great credit can mean great car insurance rates. Maintaining a high credit score could save up to $296 per year versus a slightly lower credit rating between 670-739. Conversely, a less-than-good credit score could cost as much as $343 more per year.
  • Find cheaper rates by qualifying for policy discounts. Discounts may be available if the insured drivers belong to certain professional organizations, choose electronic billing, drive low annual mileage, insure their home and car with the same company, or many other policy discounts which could save the average driver as much as $320 per year.
  • Obey the law and pay less. If you want cheap M240i insurance rates, it’s necessary to follow traffic laws. As a matter of fact, just one or two minor driving offenses have the consequences of increasing insurance rates by as much as $488 per year. Serious misdemeanors like DUI or reckless driving could raise rates by an additional $1,710 or more.