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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 model | Average cost to insure |
|---|---|
| 2023 | $2,842 |
| 2022 | $2,338 |
| 2021 | $2,217 |
| 2020 | $2,294 |
| 2019 | $2,384 |
Compare Bmw M240i insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 2WD 2 Door Coupe Automatic DOHC Turbo | $1,862 |
| Nationwide | 2WD 2 Door Coupe Automatic DOHC Turbo | $2,651 |
| Geico | 2WD 2 Door Coupe Automatic DOHC Turbo | $3,038 |
| Progressive | 2WD 2 Door Coupe Automatic DOHC Turbo | $3,488 |
| Allstate | 2WD 2 Door Coupe Automatic DOHC Turbo | $8,570 |
Bmw M240i insurance rates per year
2023 Bmw M240i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,844 |
| 2 | Nationwide | $2,138 |
| 3 | Geico | $2,707 |
| 4 | Progressive | $3,080 |
| 5 | Farmers | $3,623 |
| 6 | Allstate | $3,661 |
2022 Bmw M240i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,626 |
| 2 | Nationwide | $1,963 |
| 3 | Geico | $2,129 |
| 4 | Progressive | $2,599 |
| 5 | Farmers | $2,644 |
| 6 | Allstate | $3,069 |
2021 Bmw M240i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,472 |
| 2 | Progressive | $1,818 |
| 3 | Nationwide | $1,925 |
| 4 | Geico | $2,097 |
| 5 | Farmers | $2,567 |
| 6 | Allstate | $3,422 |
2020 Bmw M240i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,646 |
| 2 | Geico | $1,860 |
| 3 | Nationwide | $2,251 |
| 4 | Progressive | $2,340 |
| 5 | Farmers | $2,585 |
| 6 | Allstate | $3,081 |
2019 Bmw M240i insurance rates
| Rank | Company | Average annual 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
| Rank | Company | Average annual 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
| Rank | Company | Average annual 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 |
