Key Takeaways
Known for its sporty performance and premium comfort, the BMW M2 model is a compact high-performance sports coupe that offers modern comfort features coupled with everyday usability. But have you ever wondered about the cost of insuring your BMW M2? Luxury sports cars can cost more to insure than normal cars. So, it is always best to compare different insurance providers so that your selection does not lead to coverage gaps or financial loss. Let's learn more about BMW M2 car insurance costs in detail.
It costs around $2,508 per year to insure a BMW M2 on average. Shopping around and comparing quotes can help you find the right insurance provider that can meet your insurance needs. The Way app can help you with this by letting you compare multiple providers that can offer the cheapest rates in minutes.
BMW M2 car insurance cost is in the middle range when compared to that of its major competitors in the compact high-performance sports car segment. However, the difference in premium it has with its rivals is relatively small, making it neither the most affordable nor the costliest car to insure among the pack. This cost profile is shaped by the M2's powerful performance and luxury build, which leads to high repair costs, while being balanced by advanced safety features which help reduce the risk of theft and damage.
| Compact High-performance Sport Cars | Average Annual Rates |
|---|---|
| Audi S3 | $2,426 |
| Toyota GR Supra | $2,432 |
| Cadillac CT4-V Blackwing | $2,480 |
| BMW M2 | $2,508 |
| Nissan Z Performance | $2,516 |
| Chevrolet Camaro SS | $2,778 |
| Porsche 718 Cayman | $2,816 |
When deciding on the insurance cost for your BMW M2, insurance companies take several factors into account. Some of the most common factors are given below.
Since newer BMW M2 models come with advanced features, expensive repairs and replacements make their insurance rates costlier compared to the older ones. The rates may also vary depending on the rare availability of certain parts and certain features found within a specific model year. BMW M2 car insurance costs for the model years 2018 and 2017 are given below.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2018 BMW M2 | $212 | $2,539 |
| 2017 BMW M2 | $261 | $3,126 |
According to our research, Mercury offers the cheapest BMW M2 car insurance rates. The average annual premium is just $1,316. However, the cheapest rates cannot always guarantee the best value. To get the maximum benefits, it is important to compare quotes from various providers and ensure that they have all the required features.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Mercury | $110 | $1,316 |
| Erie | $121 | $1,450 |
| Tennessee Farmers | $138 | $1,650 |
| USAA | $141 | $1,693 |
| Plymouth Rock Insurance | $139 | $1,670 |
Mercury offers the most competitive insurance rates for the 2018 BMW M2 at just $1,330 per annum. Otherwise, it costs around $2,539 per year to insure a 2018 model on average.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Mercury | $111 | $1,330 |
| Erie | $126 | $1,505 |
| USAA | $140 | $1,676 |
| Plymouth Rock Insurance | $142 | $1,700 |
| Nationwide | $153 | $1,833 |
| Tennessee Farmers | $155 | $1,865 |
| Acuity | $172 | $2,069 |
| Progressive | $173 | $2,073 |
| State Farm | $180 | $2,166 |
| Arbella | $182 | $2,184 |
| Country | $186 | $2,227 |
Generally, it costs around $3,126 per year to insure a 2017 BMW M2. Mercury offers the best insurance rates for the 2017 model at just $1,301 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Mercury | $109 | $1,301 |
| Erie | $116 | $1,395 |
| Tennessee Farmers | $120 | $1,434 |
| Plymouth Rock Insurance | $137 | $1,640 |
| USAA | $143 | $1,710 |
| Nationwide | $153 | $1,845 |
| Progressive | $161 | $1,934 |
| Acuity | $162 | $1,944 |
| State Farm | $165 | $1,982 |
| Arbella | $171 | $2,058 |
| Country | $174 | $2,094 |
The BMW M2 has several safety features, which can reduce insurance rates by getting you qualified for available discounts.
Some of the installed features include:
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
Way.com’s Insurance Broker Quote Data
It costs around $2,508 per year to insure a BMW M2 model on average.
The BMW M2 car insurance cost is in the middle range compared to the insurance prices of its direct competitors in the compact high-performance sports car segment.
Although the insurance cost for the BMW M2 is higher than that of normal cars, its enhanced performance and premium comfort make the price worthwhile for those seeking a true sporty driving experience.
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