How Much Does BMW M340i Car Insurance Cost?

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 $1,902 per year or $951 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 $1,884 per year, while the xDrive Sedan model costs a little more at $1,918 per year.
  • Car insurance rates for the BMW M340i cost $172 more per year than the average cost for the compact luxury car segment.

How much does BMW M340i insurance cost?

Ranked #19 out of 19 vehicles in the small luxury car class for the 2022 model year, BMW M340i insurance rates average $1,902 yearly, or around $159 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 $1,418 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest cost of $4,412 annually for a 20-year-old driver with low deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 BMW M340i with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW M340i trim levels.Data last updated on August 30, 2022
BMW M340i Car Insurance Rates
BMW M340i Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,152$263
$500$3,764$314
$250$4,412$368
30$1,000$1,672$139
$500$2,018$168
$250$2,376$198
40$1,000$1,586$132
$500$1,902$159
$250$2,230$186
50$1,000$1,444$120
$500$1,728$144
$250$2,024$169
60$1,000$1,418$118
$500$1,696$141
$250$1,988$166

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

2022 BMW M340i Insurance Cost by Trim Level
BMW M340i Trim Level Annual Policy 6-month Policy Per Month
Sedan$1,884$942$157
xDrive Sedan$1,918$959$160

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 BMW M340i, 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 August 30, 2022
BMW M340i Insurance Cost by Trim Level

Is BMW M340i insurance expensive?

When compared to other compact luxury cars, car insurance for a BMW M340i costs $290 more per year than the BMW 330i, $88 more than the Mercedes-Benz C300, and $282 more than the Acura TLX.

The BMW M340i ranks #19 out of 19 comparison vehicles in the small luxury car class for insurance affordability. The M340i costs an estimated $1,902 per year for full coverage car insurance and the class average cost is $1,730 annually, a difference of $172 per year.

The table below shows how average BMW M340i car insurance rates compare to the rest of the 2022 compact luxury car segment.

BMW M340i Insurance Cost vs Small Luxury Cars
Rank Make/Model Insurance Cost Difference
1Mercedes-Benz A220$1,500-$402
2BMW 330i$1,612-$290
3Acura TLX$1,620-$282
4Volvo S60$1,638-$264
5BMW 330e$1,642-$260
6BMW 228i$1,652-$250
7BMW 230i$1,664-$238
8Alfa Romeo Giulia$1,692-$210
9Cadillac CT4$1,694-$208
10Lexus RC 350$1,698-$204
11Genesis G70$1,720-$182
12Audi A4$1,766-$136
13Audi S3$1,772-$130
14Mercedes-Benz C300$1,814-$88
15BMW M235i$1,852-$50
16Audi RS 3$1,856-$46
17BMW M240i$1,884-$18
18Lexus IS 350$1,898-$4
19BMW M340i$1,902--

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 model year, 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 vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 30, 2022
BMW M340i Insurance Cost vs Small Luxury Cars