Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw M240i is $2,207 per year or $184 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
The auto insurance rates also change based on the vehicle’s model year. For example, the 2020 Bmw M240i costs $2,207 per year, whereas the 2019 Bmw M240i costs $2,384 annually. State Farm offers the cheapest annual rate for 2020 Bmw M240i $1,615 per year.
Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.
Average insurance cost of Bmw M240i by model year
| Year of Bmw M240i Model | Average Cost to Insure |
|---|
| 2020 | $2,207 |
| 2019 | $2,384 |
| 2018 | $2,306 |
| 2017 | $2,289 |
Compare BMW M240i Insurance Rates by State
2020 Bmw M240i Insurance Rates
Average Cost to Insure
$2,207
Annual Cheapest Rate
$1,615
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,615 |
| 2 | Geico | $1,860 |
| 3 | Progressive | $1,996 |
| 4 | Nationwide | $2,134 |
| 5 | Farmers | $2,553 |
| 6 | Allstate | $3,081 |
2019 Bmw M240i Insurance Rates
Average Cost to Insure
$2,384
Annual Cheapest Rate
$1,701
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,701 |
| 2 | Geico | $2,031 |
| 3 | Nationwide | $2,077 |
| 4 | Progressive | $2,661 |
| 5 | Farmers | $2,864 |
| 6 | Allstate | $2,972 |
2018 Bmw M240i Insurance Rates
Average Cost to Insure
$2,306
Annual Cheapest Rate
$1,640
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,640 |
| 2 | Geico | $1,934 |
| 3 | Nationwide | $2,083 |
| 4 | Progressive | $2,594 |
| 5 | Farmers | $2,784 |
| 6 | Allstate | $2,802 |
2017 Bmw M240i Insurance Rates
Average Cost to Insure
$2,289
Annual Cheapest Rate
$1,582
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,582 |
| 2 | Nationwide | $2,078 |
| 3 | Geico | $2,110 |
| 4 | Progressive | $2,547 |
| 5 | Allstate | $2,694 |
| 6 | Farmers | $2,721 |
Compare BMW insurance rates by model
| Make/Model | Annual 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 |
