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BMW M240I Car Insurance

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The BMW M240i is a compact sports coupe combining performance, technology, and German refinement. With dynamic power delivery and precise handling, it appeals to driving enthusiasts seeking a versatile vehicle equally suited to spirited drives and daily use.

BMW M240I CAR INSURANCE RATES OVER THE LAST 5 YEARS.

From 2021 to 2026, premiums for the BMW M240i fluctuate noticeably, rising from $1431 in 2021 to a peak of $2120 in 2025 before dropping to $1727 in 2026. This volatility reflects shifting repair and claims costs rather than a steady linear trend.

To find the best insurance for your BMW M240I vehicle, it is more important than ever to compare the available options.

How much does insurance for your BMW M240I cost in Quebec?

City-level differences are pronounced for the BMW M240i: Saint-Jean-sur-Richelieu shows the highest premium ($3724), followed by Quebec City ($2247) and Terrebonne ($2152), while Drummondville ($667) and Laval ($765) post the lowest amounts. The Gatineau figure ($0) suggests an insufficient sample for that market.

To get the exact cost for your situation, the best approach is to compare offers from several insurers. Using our Clicassure comparison tool, you can easily find the best premium tailored to your needs.

City Average price over the last 12 months
BROSSARD $1507.38
DRUMMONDVILLE $667.05
GATINEAU $0
LAVAL $765.29
MONTRÉAL $2018.9
QUÉBEC $2247.21
SAINT-JEAN-SUR-RICHELIEU $3723.6
TERREBONNE $2151.94

Frequently asked questions (FAQ)

How much does insurance cost for a BMW M240i?
The average premium for the BMW M240i varies significantly by year, ranging from $1431 in 2021 to $2120 in 2025, with a value of $1727 in 2026.
Do BMW M240i premiums follow a clear trend?
No, premiums fluctuate rather than steadily rising or falling, ranging between $1431 and $2120 over the 2021-2026 period.
Which city has the highest insurance cost for a BMW M240i?
Based on the data provided, Saint-Jean-sur-Richelieu has the highest premium at $3724, well above the other compared cities.
Where is the BMW M240i most affordable to insure?
Drummondville ($667) and Laval ($765) post the lowest average premiums among the cities provided for this model.
Is auto insurance mandatory in Quebec?
Yes. In Quebec, civil liability coverage of at least $50,000 is mandatory for any vehicle driven on public roads.
Why does the BMW M240i typically cost more to insure than a compact sedan?
Its sports-car classification, power output, and higher repair parts costs contribute to premiums that exceed those of mainstream vehicles.
How can I lower my premium for a BMW M240i?
Comparing quotes from several insurers, especially given large gaps like those between Saint-Jean-sur-Richelieu and Drummondville, can lead to meaningful savings.

Offers received by our customers on BMW M240I cars

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Methodology

To guarantee you the best possible information, the data presented on this page is based on the following rigorous criteria :

  • Analysis period: Our analyses are based solely on insurance submissions collected over the millions of submissions in recent years, thus guaranteeing the relevance of our comparisons.
  • Real-world comparisons: We only use data from insurance submissions that actually resulted in a sale.
  • Proven savings: The results presented only reflect cases where the user has saved money thanks to our comparison tool.
  • Last updated: 07/08/2026