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BMW M240I Car Insurance

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The BMW M240i is a compact sports coupe combining a turbocharged engine, optional all-wheel drive, and refined driving dynamics. It appeals to performance enthusiasts seeking a premium experience in an agile, everyday-friendly package.

BMW M240I CAR INSURANCE RATES OVER THE LAST 5 YEARS.

Between 2021 and 2026, premiums for the BMW M240i fluctuate significantly, rising from $897 in 2021 to a peak of $2120 in 2025, before settling at $1797 in 2026. This variability likely reflects a limited data sample for this niche sports model rather than a stable 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?

Premiums vary widely by city for the M240i: Saint-Jean-sur-Richelieu shows the highest amount ($3724), followed by Quebec City ($2165) and Terrebonne ($2152), while Drummondville ($667) and Laval ($765) are notably more affordable. Gatineau shows a value of $0, suggesting an insufficient data sample for that city.

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
LAVAL $1530.58
MONTRÉAL $1818.23
QUÉBEC $2255.60
SAINT-JEAN-SUR-RICHELIEU $3723.6
TERREBONNE $2151.94

BMW M240I average premium by model year

Average premium paid by our clients for each model year, over the last 5 years. Select a year to see its detailed statistics.

Model year Average premium
BMW M240I 2024 $1608.90
BMW M240I 2023 $2304.73
BMW M240I 2022 $2055.44
BMW M240I 2020 $2021.07
BMW M240I 2019 $1270.55
BMW M240I 2018 $1748.47
BMW M240I 2017 $1517.21

Frequently asked questions (FAQ)

How much does it cost to insure a BMW M240i?
The average premium for a BMW M240i has fluctuated between $897 in 2021 and $2120 in 2025, settling at $1797 in 2026 based on available data.
Is auto insurance mandatory in Quebec?
Yes. In Quebec, civil liability coverage of at least $50,000 is mandatory for any road vehicle driven on public roads.
Why does the M240i's premium vary so much from year to year?
Niche sports coupes like the M240i often have smaller data samples, which can produce noticeable swings, such as the jump from $1671 in 2023 to $2120 in 2025.
Which city has the highest premium for the M240i?
Based on the data provided, Saint-Jean-sur-Richelieu shows the highest premium ($3724), followed by Quebec City ($2165) and Terrebonne ($2152).
Where is the M240i cheapest to insure?
Drummondville ($667) and Laval ($765) show the lowest average premiums among the cities provided.
What factors influence the premium for a BMW M240i?
Its sports classification, power, parts costs, and driver profile strongly influence the premium, which can exceed $2000 in certain regions.
How can I get a better price to insure my M240i?
Comparing quotes from several insurers remains the best way to find a competitive price, especially for a sports vehicle where pricing differences between insurers can be significant.

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: 08/13/2026

Versions covered by this BMW M240I page

The premiums above cover every version of the BMW M240I, so that each average rests on enough quotes. Here are the versions this page includes.

Version Model years
M240i 2DR 2017 - 2020
M240i CABRIOLET 2017 - 2020
M240i xDrive 2DR AWD 2017 - 2027
M240i xDrive CONVERTIBLE AWD 2017 - 2021

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