- BMW M340i insurance rates average $2,932 per year or $1,466 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 $2,908 per year, while the xDrive Sedan model costs a little more at $2,952 per year.
- Car insurance rates for the BMW M340i cost $291 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 $2,932 yearly, or around $244 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 $2,020 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest cost of $6,888 annually for a 20-year-old driver with low deductibles.
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 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Sedan | $2,908 | $242 |
| xDrive Sedan | $2,952 | $246 |
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
Is BMW M340i insurance expensive?
When compared to other compact luxury cars, car insurance for a BMW M340i costs $488 more per year than the BMW 330i, $398 more per year than the Lexus IS 350, $328 more per year than the Lexus RC 350, and $228 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 $2,932 per year for full coverage car insurance and the class average cost is $2,641 annually, a difference of $291 per year.
The table below shows how average BMW M340i car insurance rates compare to the rest of the 2024 compact luxury car segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura Integra | $2,134 | -$798 |
| 2 | BMW 330i | $2,444 | -$488 |
| 3 | Acura TLX | $2,484 | -$448 |
| 4 | Cadillac CT4 | $2,506 | -$426 |
| 5 | Genesis G70 | $2,512 | -$420 |
| 6 | Lexus IS 350 | $2,534 | -$398 |
| 7 | Lexus RC 350 | $2,604 | -$328 |
| 8 | BMW 330e | $2,606 | -$326 |
| 9 | BMW 228i | $2,608 | -$324 |
| 10 | BMW 230i | $2,630 | -$302 |
| 11 | Audi S3 | $2,690 | -$242 |
| 12 | Alfa Romeo Giulia | $2,704 | -$228 |
| 13 | Audi A4 | $2,762 | -$170 |
| 14 | BMW M235i | $2,776 | -$156 |
| 15 | Volvo S60 | $2,814 | -$118 |
| 16 | Audi RS 3 | $2,868 | -$64 |
| 17 | BMW M240i | $2,924 | -$8 |
| 18 | BMW M340i | $2,932 | -- |
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
