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The average BMW M240i car insurance rate for 2021 is $2,320 based on the profile of a 30-year-old driver. However, car insurance rates by state vary dramatically based on your ZIP code, among other factors. The state where you live plays a significant role in determining your insurance rate. For example, Michigan is the most expensive state for car insurance with an average insurance cost of $4,004 a year, whereas New Hampshire has the lowest BMW M240i insurance rates for full coverage, with an annual insurance cost of $1,506 on average for drivers aged 30.

Average insurance cost of Bmw M240i by model year
Graph
Table
Year of Bmw M240i ModelAverage Cost to Insure
2020$2,207
2019$2,384
2018$2,306
2017$2,289

Compare BMW M240i Insurance Rates by State

L O A D I N G
Company Style Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate2 Door Convertible Turbo$2,665$759$667
Geico2 Door Convertible Turbo$2,241$449$316
Farmers2 Door Convertible Turbo$2,525$762$664
Nationwide2 Door Convertible Turbo$4,035$983$725
Progressive2 Door Convertible Turbo$3,408$483$332
State Farm2 Door Convertible Turbo$2,671$801$569
Allstate2 Door Coupe Turbo$2,665$759$667
Geico2 Door Coupe Turbo$2,246$449$316
Farmers2 Door Coupe Turbo$2,901$930$808
Nationwide2 Door Coupe Turbo$3,883$935$688
Progressive2 Door Coupe Turbo$3,370$518$349
State Farm2 Door Coupe Turbo$2,804$843$598

2020 Bmw M240i Insurance Rates

Average Cost to Insure $2,207
Annual Cheapest Rate $1,615
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,615
2Geico$1,860
3Progressive$1,996
4Nationwide$2,134
5Farmers$2,553
6Allstate$3,081

2019 Bmw M240i Insurance Rates

Average Cost to Insure $2,384
Annual Cheapest Rate $1,701
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,701
2Geico$2,031
3Nationwide$2,077
4Progressive$2,661
5Farmers$2,864
6Allstate$2,972

2018 Bmw M240i Insurance Rates

Average Cost to Insure $2,306
Annual Cheapest Rate $1,640
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,640
2Geico$1,934
3Nationwide$2,083
4Progressive$2,594
5Farmers$2,784
6Allstate$2,802

2017 Bmw M240i Insurance Rates

Average Cost to Insure $2,289
Annual Cheapest Rate $1,582
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,582
2Nationwide$2,078
3Geico$2,110
4Progressive$2,547
5Allstate$2,694
6Farmers$2,721

Compare BMW insurance rates by model

Make/ModelAnnual Rates
BMW I8$3,571/year
BMW Alpina$3,139/year
BMW 740I$2,619/year
BMW 440I$2,414/year
BMW 230I$2,015/year
BMW X3$1,760/year
BMW X1$1,641/year
BMW M4$2,924/year
BMW 530I$2,311/year
BMW 330I$2,104/year

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