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BMW M340I Car Insurance

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The BMW M340i is a premium sport sedan blending high performance with everyday refinement. Powered by a turbocharged six-cylinder engine, it appeals to drivers seeking dynamic handling without sacrificing the comfort and technology the brand is known for.

BMW M340I CAR INSURANCE RATES OVER THE LAST 5 YEARS.

Between 2021 and 2026, premiums for the BMW M340i rise sharply, moving from $1617 to $3445 — more than doubling over six years. The increase accelerates particularly between 2022 and 2025, reflecting the high repair costs tied to this premium sports sedan.

To find the best insurance for your BMW M340I vehicle, it is more important than ever to compare the available options.

How much does insurance for your BMW M340I cost in Quebec?

Premiums are highest in Montreal ($4100) and Saint-Jean-sur-Richelieu ($3818), while Lévis ($1350) is markedly lower than every other city. Laval ($3436), Terrebonne ($3306), and Quebec City ($3122) fall in a high mid-range bracket.

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
LAVAL $3436.40
LÉVIS $1349.97
MONTRÉAL $4099.59
QUÉBEC $3121.60
Saguenay $2921.1
SAINT-JEAN-SUR-RICHELIEU $3818.27
SHERBROOKE $2350.06
TERREBONNE $3305.51

Frequently asked questions (FAQ)

How much does insurance cost for a BMW M340i?
The average premium for a BMW M340i reached $3445 in 2026, a sharp increase from $1617 recorded in 2021.
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 has the M340i premium increased so much since 2021?
The premium rose from $1617 in 2021 to $3373 in 2025, then $3445 in 2026. This sharp increase reflects high repair costs and the vehicle's power, classified in the premium sports segment.
Which city offers the lowest insurance cost for an M340i?
Based on the data provided, Lévis has the lowest average premium at $1350, far below Montreal, which reaches $4100.
Why is Montreal more expensive than Sherbrooke for this model?
Montreal shows an average premium of $4100 versus $2350 in Sherbrooke for the M340i, a difference tied to traffic density and higher claim frequency in urban areas.
What factors influence the insurance price of a BMW M340i?
Engine power, high cost of OEM parts, replacement value, and the vehicle's sporty profile are key factors driving the premium calculation.
How can I lower my premium for an M340i?
Comparing quotes from several partner insurers remains the most effective approach, given the significant differences observed between cities, ranging from $1350 to $4100.

Offers received by our customers on BMW M340I 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