BMW 740 Car Insurance Cost 2025
On average, insuring a BMW 740 costs $2,172 per year. However, the exact price can vary depending on factors like your age, the car model year, and other specifics. Check our quote tables below to get a personalized estimate for your insurance costs.
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If you’re considering purchasing a BMW 740, it’s essential to factor in the cost of insurance. On average, insurance for a BMW 740 costs $2,172 per year. Insurance plays a significant role in car ownership, so it’s vital to grasp the financial implications before making a decision.
Selecting the appropriate car insurance is critical to prevent unexpected and potentially costly surprises down the road. Having adequate coverage in the event of an accident is crucial to avoid significant out-of-pocket expenses. Moreover, being found at fault in an accident could lead to higher insurance premiums.
Based on my extensive experience studying car insurance rates for over a decade, I’ve noticed the considerable variability in these costs. Factors such as your age, driving history, and location all play significant roles in determining your insurance premiums.
How Much Does A BMW 740 Car Insurance Cost?
BMW 740 drivers typically pay an average of $2,172 annually for car insurance.
While Esurance’s pricing can offer a helpful starting point, it’s crucial to understand that car insurance expenses can vary significantly due to various factors. These include your location, driving record, car age, and the specific coverage options you choose. Maintaining a clean driving history often leads to lower premiums, whereas past accidents or traffic violations can result in higher rates.
Additionally, urban areas typically incur higher insurance costs compared to rural regions. The type of coverage you select also influences your premium; comprehensive coverage, which includes both comprehensive and collision coverage, tends to be more expensive than basic liability coverage.
At Insuranceopedia, our goal is to aid you in exploring and comparing quotes from different insurance providers, ensuring you find the most advantageous deal for your circumstances.
Average Insurance Cost Of BMW 740 By Model Year
Model Year | Average Premium |
2024 BMW 740 | $2,937 |
2023 BMW 740 | $3,008 |
2022 BMW 740 | $2,832 |
2021 BMW 740 | $2,345 |
2020 BMW 740 | $3,078 |
2019 BMW 740 | $2,848 |
2018 BMW 740 | $1,649 |
2017 BMW 740 | $2,415 |
2016 BMW 740 | $1,508 |
2015 BMW 740 | $1,540 |
2014 BMW 740 | $1,386 |
2013 BMW 740 | $1,508 |
2012 BMW 740 | $1,530 |
2011 BMW 740 | $1,365 |
2024 BMW 740 Insurance Rates
The average annual insurance cost for a 2024 BMW 740 is $2,937. However, Mercury offers the cheapest rates, averaging $2,172 per year.
Insurance Provider | Average Annual Cost |
Farmers | $2,330 |
California Capital | $2,342 |
Nationwide | $3,509 |
Alliance United | $3,665 |
Allstate | $3,558 |
Esurance | $2,193 |
USAA | $2,387 |
Mercury | $2,172 |
Unitrin | $3,752 |
Bristol West | $3,459 |
2023 BMW 740 Insurance Rates
The average annual insurance cost for a 2023 BMW 740 is $3,008. However, California Capital offers the cheapest rates, averaging $1,745 per year.
Insurance Provider | Average Annual Cost |
Hartford | $3,850 |
Allstate | $4,098 |
Farmers | $2,383 |
Esurance | $1,919 |
Mercury | $2,652 |
USAA | $2,363 |
California Capital | $1,745 |
State Farm | $4,025 |
Bristol West | $3,688 |
Nationwide | $3,357 |
2022 BMW 740 Insurance Rates
The average annual insurance cost for a 2022 BMW 740 is $2,832. However, California Capital offers the cheapest rates, averaging $2,273 per year.
Insurance Provider | Average Annual Cost |
Safety Group | $3,057 |
Encompass | $3,004 |
California Capital | $2,273 |
Mercury | $3,082 |
Farmers | $2,599 |
MMG Insurance Company | $2,953 |
Vermont Mutual | $3,304 |
Commerce Group Inc | $3,078 |
USAA | $2,633 |
Esurance | $2,333 |
2021 BMW 740 Insurance Rates
The average annual insurance cost for a 2021 BMW 740 is $2,345. However, Hastings Mutual Insurance Co offers the cheapest rates, averaging $1,037 per year.
Insurance Provider | Average Annual Cost |
USAA | $2,841 |
Hastings Mutual Insurance Co | $1,037 |
Auto-Owners Insurance Co | $2,262 |
Erie | $1,943 |
Buckeye Insurance Group | $2,556 |
California Capital | $3,016 |
Travelers | $1,755 |
Western Reserve | $3,067 |
American Family | $2,398 |
Cincinnati Insurance | $2,572 |
2020 BMW 740 Insurance Rates
The average annual insurance cost for a 2020 BMW 740 is $3,078. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,989 per year.
Insurance Provider | Average Annual Cost |
Texas Farm Bureau Group | $1,989 |
Farmers | $3,041 |
California Capital | $3,070 |
Mercury | $3,951 |
Esurance | $2,960 |
USAA | $3,258 |
State Farm | $3,412 |
Liberty Mutual | $2,817 |
National General | $3,532 |
Allied | $2,750 |
Find Affordable BMW 740 Insurance Rates
2019 BMW 740 Insurance Rates
The average annual insurance cost for a 2019 BMW 740 is $2,848. However, Esurance offers the cheapest rates, averaging $1,995 per year.
Insurance Provider | Average Annual Cost |
California Capital | $2,470 |
Bristol West | $3,261 |
Allstate | $3,331 |
Nationwide | $3,477 |
Hartford | $3,618 |
Mercury | $2,343 |
Farmers | $2,174 |
Esurance | $1,995 |
Alliance United | $3,525 |
USAA | $2,287 |
2018 BMW 740 Insurance Rates
The average annual insurance cost for a 2018 BMW 740 is $1,649. However, Cincinnati Insurance offers the cheapest rates, averaging $1,131 per year.
Insurance Provider | Average Annual Cost |
Mercury Insurance | $1,447 |
SECURA Insurance | $1,250 |
Buckeye Insurance Group | $1,897 |
Texas Farm Bureau Group | $1,704 |
Rural Mutual Insurance | $1,950 |
Auto Club Group | $1,589 |
Capital Insurance Group | $1,495 |
Penn National | $2,049 |
Clearcover | $1,982 |
Cincinnati Insurance | $1,131 |
2017 BMW 740 Insurance Rates
The average annual insurance cost for a 2017 BMW 740 is $2,415. However, SECURA Insurance offers the cheapest rates, averaging $970 per year.
Insurance Provider | Average Annual Cost |
Plymouth Rock | $2,946 |
SECURA Insurance | $970 |
Auto-Owners Insurance Co | $2,372 |
California Capital | $2,436 |
Mercury | $2,840 |
Pioneer State Mutual Ins Co | $2,746 |
Hastings Mutual Insurance Co | $1,955 |
Farmers | $3,113 |
Farm Bureau Mutual (IA Group) | $2,412 |
MEEMIC Insurance Company | $2,359 |
2016 BMW 740 Insurance Rates
The average annual insurance cost for a 2016 BMW 740 is $1,508. However, Safeco offers the cheapest rates, averaging $770 per year.
Insurance Provider | Average Annual Cost |
Clearcover | $1,546 |
Auto-Owners Insurance Co | $1,916 |
ACCC Insurance Company | $1,949 |
Capital Insurance Group | $1,612 |
SECURA Insurance | $1,763 |
Grange Mutual | $1,786 |
Safeco | $770 |
Pekin Insurance | $1,477 |
Mercury Insurance | $819 |
Texas Farm Bureau Group | $1,438 |
2015 BMW 740 Insurance Rates
The average annual insurance cost for a 2015 BMW 740 is $1,540. However, Safeco offers the cheapest rates, averaging $439 per year.
Insurance Provider | Average Annual Cost |
Auto-Owners Insurance Co | $2,094 |
Hastings Mutual Insurance Co | $1,928 |
SECURA Insurance | $1,036 |
Erie | $1,860 |
Mercury Insurance | $1,826 |
Texas Farm Bureau Group | $1,292 |
Republic Indemnity | $2,063 |
Safeco | $439 |
New York Central Mutual Fire | $1,044 |
Country | $1,816 |
2014 BMW 740 Insurance Rates
The average annual insurance cost for a 2014 BMW 740 is $1,386. However, Safeco offers the cheapest rates, averaging $469 per year.
Insurance Provider | Average Annual Cost |
Auto-Owners Insurance Co | $1,626 |
American National P | $673 |
Farmers | $1,792 |
Southern Farm Bureau | $1,629 |
Country | $1,575 |
Safeco | $469 |
California Capital | $1,705 |
Erie | $1,373 |
USAA | $1,768 |
Texas Farm Bureau Group | $1,249 |
2013 BMW 740 Insurance Rates
The average annual insurance cost for a 2013 BMW 740 is $1,508. However, American National P offers the cheapest rates, averaging $657 per year.
Insurance Provider | Average Annual Cost |
Western Reserve | $1,904 |
Buckeye Insurance Group | $1,279 |
Grange Mutual | $1,665 |
SECURA Insurance | $1,221 |
Westfield | $1,784 |
Virginia Farm Bureau | $1,467 |
Colorado Farm Bureau Mutual | $1,886 |
American National P | $657 |
Southern Farm Bureau | $1,889 |
Kemper Auto | Infinity | $1,330 |
2012 BMW 740 Insurance Rates
The average annual insurance cost for a 2012 BMW 740 is $1,508. However, Mercury Insurance offers the cheapest rates, averaging $838 per year.
Insurance Provider | Average Annual Cost |
Allied | $1,897 |
Auto-Owners Insurance Co | $1,169 |
Travelers | $1,285 |
USAA | $1,907 |
Clearcover | $1,832 |
Tennessee Farmers | $1,871 |
Mercury Insurance | $838 |
Westfield | $1,616 |
Grange Mutual | $1,121 |
Chubb | $1,767 |
2011 BMW 740 Insurance Rates
The average annual insurance cost for a 2011 BMW 740 is $1,365. However, SAFECO offers the cheapest rates, averaging $838 per year.
Insurance Provider | Average Annual Cost |
SAFECO | $380 |
Buckeye Insurance Group | $1,858 |
Texas Farm Bureau Group | $1,896 |
North Carolina Farm Bureau | $1,589 |
SECURA Insurance | $1,067 |
Utica National Ins Group | $1,594 |
GMAC Insurance Group | $1,858 |
Titan | $1,496 |
Western Reserve | $532 |
Direct Auto | $1,380 |
Find Affordable BMW 740 Insurance Rates
Common BMW 740 Insurance Discounts
Discounts are an effective way to reduce your car insurance premiums. While each provider has its own offers, some common discounts include:
- Multi-policy discounts for bundling home and auto insurance with one provider.
- Paying annually instead of monthly to potentially lower your overall premium.
- Discounts for completing certified defensive driving courses.
Additionally, there may be other discounts available based on your specific circumstances. It’s best to consult your insurance agent to identify the discounts for which you qualify.
Compare BMW 740 To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The sample profile used for the analysis was a 40-year-old male purchasing full-coverage insurance with $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind that the figures provided in this guide may vary based on your unique profile and circumstances.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A BMW 740?
Yes, proof of insurance is required before you can drive your BMW 740 off the dealership lot. It’s recommended to purchase a policy in advance and inform your insurance provider about the impending purchase, rather than opting for coverage through the dealership.
How Can You Get The Cheapest Insurance For Your BMW 740?
To secure the most affordable rates for your BMW 740, it’s best to shop around and compare quotes from various auto insurance providers. Luckily, Insuranceopedia makes this easy by allowing you to compare multiple quotes directly on our website.