- 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.
The rate table below details the average annual and semi-annual policy costs, plus a monthly budget estimate, for the 2WD and xDrive models.
| BMW M340i Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Sedan | $1,884 | $942 | $157 |
| xDrive Sedan | $1,918 | $959 | $160 |
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.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz A220 | $1,500 | -$402 |
| 2 | BMW 330i | $1,612 | -$290 |
| 3 | Acura TLX | $1,620 | -$282 |
| 4 | Volvo S60 | $1,638 | -$264 |
| 5 | BMW 330e | $1,642 | -$260 |
| 6 | BMW 228i | $1,652 | -$250 |
| 7 | BMW 230i | $1,664 | -$238 |
| 8 | Alfa Romeo Giulia | $1,692 | -$210 |
| 9 | Cadillac CT4 | $1,694 | -$208 |
| 10 | Lexus RC 350 | $1,698 | -$204 |
| 11 | Genesis G70 | $1,720 | -$182 |
| 12 | Audi A4 | $1,766 | -$136 |
| 13 | Audi S3 | $1,772 | -$130 |
| 14 | Mercedes-Benz C300 | $1,814 | -$88 |
| 15 | BMW M235i | $1,852 | -$50 |
| 16 | Audi RS 3 | $1,856 | -$46 |
| 17 | BMW M240i | $1,884 | -$18 |
| 18 | Lexus IS 350 | $1,898 | -$4 |
| 19 | BMW M340i | $1,902 | -- |
