- BMW M340i insurance rates average $1,890 per year or $945 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 $1,872 per year, while the xDrive Sedan model costs a little more at $1,904 per year.
- Car insurance rates for the BMW M340i cost $173 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 $1,890 yearly, or around $158 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 $1,406 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest cost of $4,376 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 | $1,872 | $936 | $156 |
| xDrive Sedan | $1,904 | $952 | $159 |
Is BMW M340i insurance expensive?
When compared to other compact luxury cars, car insurance for a BMW M340i costs $292 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 $1,890 per year for full coverage car insurance and the class average cost is $1,717 annually, a difference of $173 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 | $1,486 | -$404 |
| 2 | BMW 330i | $1,598 | -$292 |
| 3 | Acura TLX | $1,608 | -$282 |
| 4 | Volvo S60 | $1,624 | -$266 |
| 5 | BMW 330e | $1,630 | -$260 |
| 6 | BMW 228i | $1,640 | -$250 |
| 7 | BMW 230i | $1,650 | -$240 |
| 8 | Alfa Romeo Giulia | $1,678 | -$212 |
| 9 | Cadillac CT4 | $1,682 | -$208 |
| 10 | Lexus RC 350 | $1,686 | -$204 |
| 11 | Genesis G70 | $1,708 | -$182 |
| 12 | Audi A4 | $1,752 | -$138 |
| 13 | Audi S3 | $1,756 | -$134 |
| 14 | Mercedes-Benz C300 | $1,802 | -$88 |
| 15 | BMW M235i | $1,838 | -$52 |
| 16 | Audi RS 3 | $1,844 | -$46 |
| 17 | BMW M240i | $1,872 | -$18 |
| 18 | Lexus IS 350 | $1,884 | -$6 |
| 19 | BMW M340i | $1,890 | -- |
