BMW M2 Car Insurance Cost 2025
Getting insurance for a BMW M2 costs an average of $2,967 per year. However, the exact cost can vary depending on factors such as your age, the model year of the car, your driving history, location, and the coverage options you choose. You can use our quote tables below to get a personalized estimate of your specific insurance costs.
We’ve saved shoppers an average of $600 per year on their car insurance.
If you’re considering purchasing a BMW M2, it’s essential to factor in the cost of insurance. Insurance plays a significant role in car ownership, so it’s vital to grasp the financial responsibility before making a decision. On average, insurance for a BMW M2 costs $2,967 per year.
Selecting the appropriate car insurance is crucial to prevent unexpected and potentially costly surprises down the road. Having adequate coverage in the event of an accident can help avoid substantial out-of-pocket expenses. Furthermore, being found at fault in an accident could lead to higher insurance premiums.
Based on over a decade of researching car insurance rates, I’ve noticed considerable variation in these costs. Factors such as age, driving history, and location all play a significant role in determining insurance premiums.
How Much Does A BMW M2 Car Insurance Cost?
Typically, BMW M2 drivers can find car insurance at an average rate of $2,967 per year.
It’s important to note that the cost of car insurance can vary significantly due to a variety of factors. These factors include your location, driving history, the model year of your car, and the specific coverage options you select. Maintaining a clean driving record can result in lower premiums, while a history of accidents or traffic violations may increase your rates.
Additionally, where you live plays a significant role. If you reside in an urban area with heavy traffic, you may pay more for insurance than someone living in a rural area with less traffic. The type of coverage you choose also affects your premium, as comprehensive insurance, covering both comprehensive and collision, generally costs more than minimum liability coverage.
For example, the cost of insuring a BMW M2 is higher compared to the average cost for all BMW models, and it is also more expensive than the average cost for all cars. However, you can find the best rates by comparing quotes from multiple auto insurance providers.
Insuranceopedia is here to help you compare quotes and find the most affordable policy that meets your needs.
| Vehicle | Average Monthly Premium |
| BMW M2 | $223 |
| All BMWs | $206 |
| All Cars | $175 |
Average Insurance Cost Of BMW M2 By Model Year
| Model Year | Average Premium |
| 2024 BMW M2 | $11,375 |
| 2023 BMW M2 | $4,455 |
| 2022 BMW M2 | $4,519 |
| 2021 BMW M2 | $2,501 |
| 2020 BMW M2 | $2,509 |
| 2019 BMW M2 | $2,911 |
| 2018 BMW M2 | $2,918 |
| 2017 BMW M2 | $2,518 |
| 2016 BMW M2 | $2,271 |
2024 BMW M2 Insurance Rates
The average annual insurance cost for a 2024 BMW M2 is $11,375. However, National General offers the cheapest rates, averaging $8,878 per year.
| Insurance Provider | Average Annual Cost |
| National General | $8,878 |
| National General Value | $13,872 |
2023 BMW M2 Insurance Rates
The average annual insurance cost for a 2023 BMW M2 is $4,455. However, Dairyland Auto offers the cheapest rates, averaging $4,396 per year.
| Insurance Provider | Average Annual Cost |
| Dairyland Auto | $4,396 |
| National General | $4,513 |
2022 BMW M2 Insurance Rates
The average annual insurance cost for a 2022 BMW M2 is $4,519. However, Texas Farm Bureau Group offers the cheapest rates, averaging $2,213 per year.
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $2,213 |
| National General | $3,171 |
| State Farm | $3,242 |
| Republic Indemnity | $3,537 |
| Travelers | $4,262 |
| USAA | $4,857 |
| Mercury | $5,565 |
| Allstate | $5,823 |
| Nationwide | $5,998 |
| Erie | $6,524 |
2021 BMW M2 Insurance Rates
The average annual insurance cost for a 2021 BMW M2 is $2,501. However, Nationwide offers the cheapest rates, averaging $1,371 per year.
| Insurance Provider | Average Annual Cost |
| Allstate | $3,380 |
| Nationwide | $1,371 |
| Allied | $2,402 |
| USAA | $3,388 |
| Mercury Insurance | $2,115 |
| National General | $3,137 |
| Mercury | $3,026 |
| Liberty Mutual | $2,615 |
| State Farm | $1,777 |
| Travelers | $1,854 |
2020 BMW M2 Insurance Rates
The average annual insurance cost for a 2020 BMW M2 is $2,509. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,259 per year.
| Insurance Provider | Average Annual Cost |
| USAA | $2,956 |
| North Carolina Farm Bureau | $1,969 |
| Texas Farm Bureau Group | $1,259 |
| Republic Indemnity | $3,082 |
| GMAC Insurance Group | $2,293 |
| New York Central Mutual Fire | $2,806 |
| Penn National | $2,498 |
| Direct Auto | $2,251 |
| State Farm | $3,286 |
| Erie | $2,686 |
2019 BMW M2 Insurance Rates
The average annual insurance cost for a 2019 BMW M2 is $2,911. However, Nationwide offers the cheapest rates, averaging $1,529 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $2,594 |
| Nationwide | $1,529 |
| Unitrin | $2,840 |
| Esurance | $3,357 |
| USAA | $2,771 |
| Allied | $2,864 |
| Mercury | $3,330 |
| California Capital | $3,507 |
| Farmers | $2,985 |
| Allstate | $3,329 |
2018 BMW M2 Insurance Rates
The average annual insurance cost for a 2018 BMW M2 is $2,918. However, Mercury Insurance Company offers the cheapest rates, averaging $2,034 per year.
| Insurance Provider | Average Annual Cost |
| USAA | $2,702 |
| Chubb | $3,696 |
| New York Central Mutual Fire | $2,286 |
| State Farm | $3,549 |
| Mercury Insurance Company | $2,034 |
| CSAA | $3,788 |
| California Capital | $2,831 |
| Country | $2,229 |
| Grange | $3,838 |
| Travelers | $2,223 |
2017 BMW M2 Insurance Rates
The average annual insurance cost for a 2017 BMW M2 is $2,518. However, Safeco offers the cheapest rates, averaging $842 per year.
| Insurance Provider | Average Annual Cost |
| National General | $2,425 |
| Unitrin | $3,007 |
| State Farm | $3,233 |
| Pekin Insurance | $2,153 |
| USAA | $3,142 |
| Country | $2,977 |
| Oklahoma Farmers Union | $2,577 |
| SECURA Insurance | $2,152 |
| Safeco | $842 |
| Travelers | $2,674 |
2016 BMW M2 Insurance Rates
The average annual insurance cost for a 2016 BMW M2 is $2,271. However, SECURA Insurance offers the cheapest rates, averaging $1,012 per year.
| Insurance Provider | Average Annual Cost |
| Farm Bureau Ins of MI | $2,486 |
| SECURA Insurance | $1,012 |
| National General | $2,875 |
| Wolverine Mutual | $1,700 |
| CSAA | $2,145 |
| Pioneer State Mutual Ins Co | $2,515 |
| Hastings Mutual Insurance Co | $2,113 |
| Auto-Owners Insurance Co | $2,757 |
| Texas Farm Bureau Group | $2,383 |
| MEEMIC Insurance Company | $2,721 |
Find Affordable BMW M2 Insurance Rates
Is A BMW M2 Expensive To Insure?
The cost to insure a BMW M2 is higher than the overall average for all cars. However, the actual amount you’ll pay for car insurance depends on various factors, including your age, the age of your car, your location, and the coverage options you select. These factors can significantly influence your insurance premiums, so it’s essential to compare quotes from different providers to find the best rates for your specific situation.
Cheapest Car Insurance Companies For A BMW M2
If you’re in the market for a new car insurance policy for your BMW M2, knowing the most affordable providers can be helpful. Mercury offers an average premium of $36 per month, making it the cheapest option for BMW M2 drivers. However, insurance rates can vary based on your unique driver profile, so this figure should be taken as an estimate. To find the best rates tailored to your needs, it’s essential to shop around and compare quotes from different providers.
| Company | Average Monthly Rate |
| Mercury | $36 |
| Amica | $53 |
| Commonwealth Casualty | $55 |
| Sun Coast | $70 |
| DirectGeneral | $43 |
Common BMW M2 Insurance Discounts
Discounts offer a practical way to reduce your car insurance costs. Many auto insurance providers offer a range of discounts, and here are some common ones you can explore:
- Multi-policy: By bundling your home and auto insurance policies with the same provider, you can often secure a lower rate.
- Pay annually: Paying your premium in one lump sum rather than monthly installments can lead to savings.
- Defensive driving: Completing a certified defensive driving course can qualify you for discounted rates.
Additional discounts may also be available. Consult your insurance agent to identify all the discounts you’re eligible for and maximize your savings.
Ways To Save On BMW M2 Insurance Costs
Maintaining a clean driving record is one of the most effective ways to lower BMW M2 insurance costs. Incidents like speeding tickets or accidents can result in increased premiums. For example, BMW M2 drivers with a ticket on their record pay about $45 per month, while those with multiple accidents average $117 per month. Avoiding such incidents can help you maintain lower insurance rates.
Additionally, low annual mileage can lead to reduced premiums, as drivers who spend less time on the road are at a lower risk of accidents. For instance, BMW M2 drivers covering 5,000 to 7,500 miles annually pay approximately $59 per month. Conversely, those driving over 10,000 miles per year face higher costs, averaging $156 per month.
Compare BMW M2 To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To determine the average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The sample profile used in their calculations represents a 40-year-old male driver purchasing full-coverage car insurance with coverage limits of $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. It's important to note that the figures provided in this guide may not reflect your individual results, as rates vary based on personal factors.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A BMW M2?
Yes, proof of insurance is required before driving your BMW M2 off the dealership lot. The best approach is to purchase an insurance policy in advance and inform your insurer that you are about to buy a car. This ensures coverage is ready without relying on insurance options offered by the dealership.
How Can You Get The Cheapest Insurance For Your BMW M2?
To secure the most affordable rates for your BMW M2, it’s best to shop around and compare quotes from various auto insurance providers. Insuranceopedia simplifies this process by offering a platform where you can compare quotes from multiple insurers directly on their website.
