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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
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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