Ashlee Tilford Written by Ashlee Tilford
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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 $2,842 per year or $237 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 2023 Bmw M240i costs $2,842 per year, whereas the 2022 Bmw M240i costs $2,338 annually. State Farm offers the cheapest annual rate for 2023 Bmw M240i $1,844 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 ModelAverage Cost to Insure
2023$2,842
2022$2,338
2021$2,217
2020$2,294
2019$2,384
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Compare Bmw M240i insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate2WD 2 Door Coupe Automatic DOHC Turbo$8,570
Geico2WD 2 Door Coupe Automatic DOHC Turbo$3,038
Nationwide2WD 2 Door Coupe Automatic DOHC Turbo$2,651
Progressive2WD 2 Door Coupe Automatic DOHC Turbo$3,488
State Farm2WD 2 Door Coupe Automatic DOHC Turbo$1,862

Bmw M240i insurance rates per year

2023

2023 Bmw M240i insurance rates

Average cost to insure $2,842
Annual cheapest rate $1,844
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,844
2Nationwide$2,138
3Geico$2,707
4Progressive$3,080
5Farmers$3,623
6Allstate$3,661
2022

2022 Bmw M240i insurance rates

Average cost to insure $2,338
Annual cheapest rate $1,626
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,626
2Nationwide$1,963
3Geico$2,129
4Progressive$2,599
5Farmers$2,644
6Allstate$3,069
2021

2021 Bmw M240i insurance rates

Average cost to insure $2,217
Annual cheapest rate $1,472
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,472
2Progressive$1,818
3Nationwide$1,925
4Geico$2,097
5Farmers$2,567
6Allstate$3,422
2020

2020 Bmw M240i insurance rates

Average cost to insure $2,294
Annual cheapest rate $1,646
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,646
2Geico$1,860
3Nationwide$2,251
4Progressive$2,340
5Farmers$2,585
6Allstate$3,081
2019

2019 Bmw M240i insurance rates

Average cost to insure $2,384
Annual cheapest rate $1,701
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,701
2Geico$2,031
3Nationwide$2,077
4Progressive$2,661
5Farmers$2,864
6Allstate$2,972
2018

2018 Bmw M240i insurance rates

Average cost to insure $2,306
Annual cheapest rate $1,640
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,640
2Geico$1,934
3Nationwide$2,083
4Progressive$2,594
5Farmers$2,784
6Allstate$2,802
2017

2017 Bmw M240i insurance rates

Average cost to insure $2,289
Annual cheapest rate $1,582
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,582
2Nationwide$2,078
3Geico$2,110
4Progressive$2,547
5Allstate$2,694
6Farmers$2,721
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