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BMW 840xi Car Insurance Cost

Securing insurance for a BMW 840xi typically costs around $1,485 per year through USAA 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: 12 October 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, USAA offers the most favorable deal, with an annual cost of approximately $1,485 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
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

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

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

Compare BMW 840xi To Other BMW Models

Looking for other BMW model insurance costs?

Our Methodology

To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.

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Quotes Analyzed

Brands Reviewed

40+

Research Hours

15+

Years Of Experience