- 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.
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 | Six-Month Policy | Per Month |
|---|---|---|---|
| Sedan | $2,140 | $1,070 | $178 |
| xDrive Sedan | $2,170 | $1,085 | $181 |
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.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Acura Integra | $1,584 | -$572 |
| 2 | BMW 330i | $1,792 | -$364 |
| 3 | Acura TLX | $1,822 | -$334 |
| 4 | Cadillac CT4 | $1,842 | -$314 |
| 5 | Genesis G70 | $1,880 | -$276 |
| 6 | BMW 330e | $1,910 | -$246 |
| 7 | BMW 228i | $1,920 | -$236 |
| 8 | BMW 230i | $1,932 | -$224 |
| 9 | Mercedes-Benz C300 | $1,948 | -$208 |
| 10 | Audi A4 | $1,954 | -$202 |
| 11 | Lexus RC 350 | $1,956 | -$200 |
| 12 | Audi S3 | $1,968 | -$188 |
| 13 | Volvo S60 | $1,970 | -$186 |
| 14 | Alfa Romeo Giulia | $1,992 | -$164 |
| 15 | BMW M235i | $1,996 | -$160 |
| 16 | Lexus IS 350 | $2,028 | -$128 |
| 17 | Audi RS 3 | $2,106 | -$50 |
| 18 | BMW M240i | $2,146 | -$10 |
| 19 | BMW M340i | $2,156 | -- |
