BMW 840xi Car Insurance Cost

Securing insurance for a BMW 840xi typically costs around $1719 per year through Penn National. However, the final price may vary depending on factors such as your age, the car’s model year, and other relevant considerations. You can utilize the quote tables provided below to obtain an estimate tailored to your specific situation.

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Updated: 26 May 2024
Written by
Bob Phillips
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If you’re considering purchasing a BMW 840xi, it’s essential to consider the cost of insurance. Insurance is a significant aspect of car ownership, and understanding the financial commitment is crucial before making a decision.

Selecting the right car insurance is vital to avoid unexpected and potentially costly surprises in the future. Having adequate coverage in the event of an accident is important to avoid substantial out-of-pocket expenses. Additionally, being responsible for an accident could lead to higher premiums.

Based on over ten years of experience studying car insurance rates, I’ve noticed the significant variation in these costs. Factors such as your age, driving history, and location all play a significant role in determining your insurance premiums.

How Much Does BMW 840xi Car Insurance Cost?

Usually, Penn National offers the most favorable deal, with an annual cost of approximately $1719 for comprehensive insurance coverage on a 2023 BMW 840xi.

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.

2023 BMW 840xi Insurance Rates

Insurance Provider Average Annual Cost
Penn National $1,719
Pekin Insurance $1,813
Country $2,102
Grange Mutual $2,109
Rockford Mutual Insurance $2,277
Travelers $2,296
Hastings Mutual Insurance Co $2,489
Auto-Owners Insurance Co $2,640
Erie $2,660
Auto Club Group $2,913

2022 BMW 840xi Insurance Rates

Insurance Provider Average Annual Cost
Safeco $1,450
Penn National $1,996
Travelers $2,093
New Jersey Manufacturers $2,238
Country $2,399
Erie $2,805
Dairyland $2,867
Auto-Owners Insurance Co $2,873
USAA $2,858
State Farm $2,925

2021 BMW 840xi Insurance Rates

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

Insurance Provider Average Annual Cost
Travelers $2,610
State Farm $2,762
Nationwide $2,933
USAA $3,660
Metropolitan $6,045
Allstate $6,792
Encompass $8,983

FAQs

Who has the cheapest car insurance for a BMW 840xi?

In the 2023 model year, Penn National provides the cheapest car insurance rates for the BMW 840xi.

Which company offers the best car insurance for a BMW 840xi?

Taking into account their competitive pricing, extensive coverage, and outstanding customer service ratings, we believe that Penn National offers the best car insurance option for a BMW 840xi.

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