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 $2,156 per year or $1,078 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 $2,140 per year, while the xDrive Sedan model costs a little more at $2,170 per year.
  • Car insurance rates for the BMW M340i cost $214 more per year than the average cost for the compact luxury car segment.

How much does BMW M340i insurance cost?

Ranked 19th out of 19 vehicles in the small luxury car class for the 2023 model year, BMW M340i insurance rates average $2,156 yearly, or around $180 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 $1,604 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest cost of $5,016 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 2023 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 December 30, 2022
BMW M340i Car Insurance Rates
2023 BMW M340i Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,572$298
$500$4,276$356
$250$5,016$418
30$1,000$1,892$158
$500$2,284$190
$250$2,692$224
40$1,000$1,794$150
$500$2,156$180
$250$2,530$211
50$1,000$1,636$136
$500$1,960$163
$250$2,296$191
60$1,000$1,604$134
$500$1,922$160
$250$2,254$188

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

2023 BMW M340i Insurance Cost by Trim Level
BMW M340i Trim Level Annual Policy Six-Month Policy Per Month
Sedan$2,140$1,070$178
xDrive Sedan$2,170$1,085$181

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 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 February 5, 2023
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 $364 more per year than the BMW 330i, $208 more than the Mercedes-Benz C300, and $334 more than the Acura TLX.

The BMW M340i ranks 19th out of 19 comparison vehicles in the small luxury car class for insurance affordability. The M340i costs an estimated $2,156 per year for full coverage car insurance and the class average cost is $1,942 annually, a difference of $214 per year.

The table below shows how average BMW M340i car insurance rates compare to the rest of the 2023 compact luxury car segment.

BMW M340i Insurance Cost vs Small Luxury Cars
Rank Make/Model Insurance Cost Difference
1Acura Integra$1,584-$572
2BMW 330i$1,792-$364
3Acura TLX$1,822-$334
4Cadillac CT4$1,842-$314
5Genesis G70$1,880-$276
6BMW 330e$1,910-$246
7BMW 228i$1,920-$236
8BMW 230i$1,932-$224
9Mercedes-Benz C300$1,948-$208
10Audi A4$1,954-$202
11Lexus RC 350$1,956-$200
12Audi S3$1,968-$188
13Volvo S60$1,970-$186
14Alfa Romeo Giulia$1,992-$164
15BMW M235i$1,996-$160
16Lexus IS 350$2,028-$128
17Audi RS 3$2,106-$50
18BMW M240i$2,146-$10
19BMW M340i$2,156--

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on December 30, 2022
BMW M340i Insurance Cost vs Small Luxury Cars