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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$2,372
2019$1,162
2018$1,140
2017$1,137

Compare BMW M240i Insurance Rates by State

L O A D I N G
Company Style Premium(Avg) Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate Ins Grp2 Door Convertible Turbo$1,364$2,665$759$667
Berkshire Hathaway Grp2 Door Convertible Turbo$1,002$2,241$449$316
Farmers Ins Grp2 Door Convertible Turbo$1,317$2,525$762$664
Nationwide Corp Grp2 Door Convertible Turbo$1,914$4,035$983$725
Progressive Grp2 Door Convertible Turbo$1,408$3,408$483$332
State Farm Grp2 Door Convertible Turbo$1,347$2,671$801$569
Allstate Ins Grp2 Door Coupe Turbo$1,364$2,665$759$667
Berkshire Hathaway Grp2 Door Coupe Turbo$1,004$2,246$449$316
Farmers Ins Grp2 Door Coupe Turbo$1,546$2,901$930$808
Nationwide Corp Grp2 Door Coupe Turbo$1,835$3,883$935$688
Progressive Grp2 Door Coupe Turbo$1,412$3,370$518$349
State Farm Grp2 Door Coupe Turbo$1,415$2,804$843$598

2020 Bmw M240i Insurance Rates

companiesAverage Premium
Progressive Universal Ins Co$1,125
Artisan & Truckers Cas Co$1,369
Progressive Advanced Ins Co$1,453
Nationwide Agribusiness Ins Co$1,494
Geico Cas Co$1,514
Progressive Paloverde Ins Co$1,529
Farmers Ins Co Of ID$1,571
State Farm Mut Auto Ins Co$1,639
Progressive Garden State Ins Co$1,686
Progressive Classic Ins Co$1,692
Government Employees Ins Co$1,694
Farmers Ins Of Columbus Inc$1,728
Nationwide Affinity Co of Amer$1,728
Progressive HI Ins Corp$1,734
Depositors Ins Co$1,852
Progressive Specialty Ins Co$1,904
Allied Prop & Cas Ins Co$1,911
Farmers Ins Co Of OR$1,939
Geico Ind Co$1,988
State Farm Ind Co$2,030
Progressive Gulf Ins Co$2,048
Geico Gen Ins Co$2,053
Nationwide Mut Ins Co$2,055
Victoria Fire & Cas Co$2,113
Progressive Marathon Ins Co$2,180
Illinois Farmers Ins Co$2,224
Nationwide Ins Co Of Amer$2,256
Farmers Ins HI Inc$2,313
Berkshire Hathaway Grp$2,323
Progressive Southeastern Ins Co$2,335
Progressive Northwestern Ins Co$2,357
Amco Ins Co$2,404
Progressive Direct Ins Co$2,445
Progressive Northern Ins Co$2,516
Mid Century Ins Co$2,548
Progressive Max Ins Co$2,572
Farmers Ins Co Inc$2,591
Progressive Preferred Ins Co$2,601
Nationwide Prop & Cas Ins Co$2,605
Farmers Ins Co Of AZ$2,632
Progressive Select Ins Co$2,670
Farmers Ins Co Of WA$2,802
Allstate Northbrook Ind Co$2,895
Allstate NJ Prop & Cas Ins Co$2,908
Allstate Ins Co$2,934
Allstate Fire & Cas Ins Co$3,026
21st Century Centennial Ins Co$3,041
Progressive Cas Ins Co$3,151
Allstate Ind Co$3,194
United Financial Cas Co$3,229
Allstate Prop & Cas Ins Co$3,263
Progressive Security Ins Co$3,351
Progressive Mountain Ins Co$3,355
Nationwide Mut Fire Ins Co$3,501
Farmers Ins Exch$3,733
Colonial Cnty Mut Ins Co$5,010
Average Cost to Insure $2,372/year
Cheapest Rate $1,125/year
Available Trims XDrive

2019 Bmw M240i Insurance Rates

companiesAverage Premium
State Farm Grp$851
Berkshire Hathaway Grp$910
Nationwide Corp Grp$1,143
Progressive Grp$1,291
Farmers Ins Grp$1,374
Allstate Ins Grp$1,404
Average Cost to Insure $1,162/year
Cheapest Rate $851/year
Available Trims XDrive

2018 Bmw M240i Insurance Rates

companiesAverage Premium
State Farm Grp$834
Berkshire Hathaway Grp$885
Nationwide Corp Grp$1,147
Progressive Grp$1,273
Farmers Ins Grp$1,345
Allstate Ins Grp$1,354
Average Cost to Insure $1,140/year
Cheapest Rate $834/year
Available Trims XDrive

2017 Bmw M240i Insurance Rates

companiesAverage Premium
State Farm Grp$817
Berkshire Hathaway Grp$950
Nationwide Corp Grp$1,144
Progressive Grp$1,261
Farmers Ins Grp$1,321
Allstate Ins Grp$1,327
Average Cost to Insure $1,137/year
Cheapest Rate $817/year
Available Trims XDrive