BMW M340i Insurance Rates: 2025 Cost and Comparisons

We compared average car insurance rates on the 2WD and xDrive models to see how they rank against other compact luxury models.

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  • BMW M340i insurance rates average $2,862 per year or $1,431 for a semi-annual policy, but can vary based on the age of the rated driver.
  • The 2WD M340i model is cheapest to insure at $2,840 per year, while the xDrive Sedan model costs a little more at $2,884 per year.
  • Car insurance rates for the BMW M340i cost $284 more per year than the average cost for the compact luxury car segment.

How much does BMW M340i insurance cost?

Ranked 18th out of 18 vehicles in the small luxury car class for the 2024 model year, BMW M340i insurance rates average $2,862 yearly, or around $239 on a monthly basis.

The rate chart below details how M340i car insurance cost can change based on a variety of driver ages and policy deductibles. The values vary from $1,970 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest cost of $6,720 annually for a 20-year-old driver with low deductibles.

Average 2024 BMW M340i car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 BMW M340i car insurance premiums for different driver ages and policy deductibles. Rates updated on June 26, 2025.

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Data Methodology: Average premiums are based on a 2024 model year BMW M340i. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 BMW M340i Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,780$398
$500$5,724$477
$250$6,720$560
30-Year-Old$1,000$2,534$211
$500$3,060$255
$250$3,608$301
40-Year-Old$1,000$2,376$198
$500$2,862$239
$250$3,366$281
50-Year-Old$1,000$2,106$176
$500$2,526$211
$250$2,960$247
60-Year-Old$1,000$1,970$164
$500$2,360$197
$250$2,768$231

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 BMW M340i. Updated June 26, 2025

The rate table below details the average annual and semi-annual policy costs, plus a monthly budget estimate, for the 2WD and xDrive models.

2024 BMW M340i Insurance Rates by Trim Level
2024 BMW M340i Trim Level Annual Premium Cost Per Month
Sedan$2,840$237
xDrive Sedan$2,884$240

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 26, 2025

Insurance cost by trim level for a 2024 BMW M340i ranging from the Sedan model at $2,840 per year to the xDrive Sedan model at $2,884
Insurance cost by trim level for a 2024 BMW M340i ranging from the Sedan model at $2,840 per year to the xDrive Sedan model at $2,884

Is BMW M340i insurance expensive?

When compared to other compact luxury cars, car insurance for a BMW M340i costs $478 more per year than the BMW 330i, $390 more per year than the Lexus IS 350, $320 more per year than the Lexus RC 350, and $220 more per year than the Alfa Romeo Giulia.

The BMW M340i ranks 18th out of 18 comparison vehicles in the small luxury car class for insurance affordability. The M340i costs an estimated $2,862 per year for full coverage car insurance and the class average cost is $2,578 annually, a difference of $284 per year.

The table below shows how average BMW M340i car insurance rates compare to the rest of the 2024 compact luxury car segment.

BMW M340i Insurance Cost vs Small Luxury Cars
Rank Make and Model Annual Premium Difference
1Acura Integra$2,082-$780
2BMW 330i$2,384-$478
3Acura TLX$2,424-$438
4Cadillac CT4$2,446-$416
5Genesis G70$2,452-$410
6Lexus IS 350$2,472-$390
7Lexus RC 350$2,542-$320
8BMW 330e$2,544-$318
9BMW 228i$2,548-$314
10BMW 230i$2,568-$294
11Audi S3$2,626-$236
12Alfa Romeo Giulia$2,642-$220
13Audi A4$2,698-$164
14BMW M235i$2,712-$150
15Volvo S60$2,748-$114
16Audi RS 3$2,800-$62
17BMW M240i$2,854-$8
18BMW M340i$2,862--

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 27, 2025

At $2,862 per year, insurance cost for a 2024 BMW M340i ranks 18th out of 18 models in the small luxury car segment
At $2,862 per year, insurance cost for a 2024 BMW M340i ranks 18th out of 18 models in the small luxury car segment