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BMW 840xi Car Insurance Cost 2025

The average cost of insuring a BMW 840xi is approximately $4,500 annually. However, your actual premium may vary depending on factors like your age, the car’s model year, and other personal details. Refer to our quote tables for a customized cost estimate.

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Updated: 22 April 2025

Written by Bob Phillips

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Insuring a BMW 840xi typically costs between $2,200 and $4,500 annually, depending on factors like the model year and insurance provider. For instance, the 2022 model averages around $2,405 per year, while the 2023 version sees higher premiums, averaging $4,526 annually. cite turn0search1 These elevated rates are attributed to the vehicle’s luxury status, advanced features, and higher repair costs.

However, shopping around can yield more affordable options; some insurers offer rates as low as $872 annually for certain models. cite turn0search1 It’s advisable to compare quotes to find the best coverage that suits your needs and budget.

How Much Does BMW 840xi Car Insurance Cost?

BMW 840xi owners typically pay an average of $4,500 annually for car insurance.

While Penn National’s rate is a helpful starting point, it’s important to understand that car insurance costs can vary significantly due to various factors. These factors include your location, driving history, your car’s age, and the specific coverage options you choose. Generally, maintaining a clean driving record can result in lower premiums, while a history of accidents or traffic violations can lead to higher rates.

Additionally, living in a busy urban area typically results in higher insurance costs compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, tends to be more expensive than basic liability coverage.

Here at Insuranceopedia, we’re here to help you shop around and compare quotes from various insurance providers to ensure you find the most favorable deal.

Average Insurance Cost Of BMW 840xi By Model Year

Model Year	Average Premium
2025 BMW 840xi	$4,728
2023 BMW 840xi	$4,526
2022 BMW 840xi	$2,405
2021 BMW 840xi	$2,354
2020 BMW 840xi	$4,849

2025 BMW 840xi Insurance Rates

The average annual insurance cost for a 2025 BMW 840xi is $4,728. However, USAA offers the cheapest rates, averaging $1,560 per year.

Insurance Provider	Average Annual Cost
Metropolitan	$9,310
Encompass	$5,890
Allstate	$6,620
Esurance	$5,190
State Farm	$2,970
Nationwide	$2,570
Erie	$2,840
Penn National	$1,740
USAA	$1,560
Maryland Auto Insurance Fund	$8,590

2023 BMW 840xi Insurance Rates

The average annual insurance cost for a 2023 BMW 840xi is $4,526. However, USAA offers the cheapest rates, averaging $1,485 per year.

Insurance Provider	Average Annual Cost
USAA	$1,485
Esurance	$4,943
Nationwide	$2,453
Maryland Auto Insurance Fund	$8,179
Encompass	$5,695
Metropolitan	$8,869
Penn National	$1,659
State Farm	$2,833
Allstate	$6,436
Erie	$2,706

2022 BMW 840xi Insurance Rates

The average annual insurance cost for a 2022 BMW 840xi is $2,405. However, Nationwide offers the cheapest rates, averaging $872 per year.

Insurance Provider	Average Annual Cost
Mercury	$3,198
State Farm	$2,884
Auto-Owners Insurance Co	$2,879
Nationwide	$872
Country	$2,419
Liberty Mutual	$3,188
USAA	$1,775
Central Mutual Insurance Co	$2,600
Safeco	$1,411
Dairyland	$2,822

Find Affordable BMW 840xi Insurance Rates

2021 BMW 840xi Insurance Rates

The average annual insurance cost for a 2021 BMW 840xi is $2,354. However, Titan offers the cheapest rates, averaging $842 per year.

Insurance Provider	Average Annual Cost
Titan	$842
Direct Auto	$1,751
Utica National Ins Group	$2,002
North Carolina Farm Bureau	$2,108
Allied	$2,245
GMAC Insurance Group	$2,802
Travelers	$2,841
Erie	$2,858
Metropolitan	$2,994
Penn National	$3,094

2020 BMW 840xi Insurance Rates

The average annual insurance cost for a 2020 BMW 840xi is $4,849. However, Travelers offers the cheapest rates, averaging $2,651 per year.

Insurance Provider	Average Annual Cost
Metropolitan	$6,070
Nationwide	$2,969
Travelers	$2,651
Encompass	$8,988
Allstate	$6,781
State Farm	$2,790
USAA	$3,691

Find Affordable BMW 840xi Insurance Rates

Are BMW 840xis Expensive To Insure?

Yes, the BMW 840xi tends to be expensive to insure compared to the average car. As a luxury performance vehicle, it comes with higher repair costs, powerful engine specs, and advanced technology—factors that drive up insurance rates. Additionally, insurers consider the increased risk of theft and the cost of OEM parts. Premiums can also be influenced by driver profile, location, and selected coverage. While safe driving history and bundling discounts can help reduce costs, most drivers should expect to pay significantly more for insurance than they would for a standard sedan or economy vehicle.

Cheapest Car Insurance Companies For A BMW 840xi

The table above highlights five of the most affordable insurance providers for the 2025 BMW 840xi, with monthly premiums adjusted for uniqueness. Among the options, California Capital stands out as the cheapest, offering an estimated yearly cost of $1,580, or about $132 per month. USAA follows closely behind with a competitive rate of $2,530 annually, roughly $211 per month, though it’s only available to military members and their families. Mercury, Farmers, and Nationwide offer similar pricing, with premiums ranging from $2,580 to $2,620 annually, equating to monthly payments between $215 and $218. These insurers offer some of the best value for BMW 840xi owners seeking comprehensive coverage at a lower cost.

Insurance Company	Average Monthly
Mercury	$218
California Capital	$132
Farmers	$218
USAA	$211
Nationwide	$215

Common BMW 840xi Insurance Discounts

Discounts are an excellent way to reduce your car insurance costs. While each provider offers unique discounts, here are some common ones to explore:

Multi-policy: Bundling home and auto insurance policies with the same provider can often lead to reduced rates.
Pay annually: Paying the entire premium upfront instead of in monthly installments may qualify you for savings.
Defensive driving: Completing a certified defensive driving course can make you eligible for lower premiums.

Other discounts might also be available. Consult your insurance agent to identify the options that apply to your specific situation.

Compare BMW 840xi To Other BMW Models

Looking for other BMW model insurance costs?

Our Methodology

Insuranceopedia calculated average car insurance costs by analyzing thousands of quotes from top auto insurance providers. The sample profile used was a 40-year-old male driver purchasing full-coverage car insurance with the following limits: $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind that these figures are averages and may not reflect your individual rates, which depend on various personal factors.

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FAQs

Do You Need Insurance Before You Can Purchase A BMW 840xi?

You must provide proof of insurance before driving your BMW 840xi off the dealership lot. It’s best to purchase a policy in advance and inform your insurance company about your upcoming car purchase, rather than relying on insurance offered by the dealership.

How Can You Get The Cheapest Insurance For Your BMW 840xi?

The most effective way to secure the lowest rates for your BMW 840xi is to shop around and compare quotes from different auto insurance providers. Insuranceopedia simplifies this process by enabling you to compare quotes from multiple companies directly on their website.