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BMW M2 insurance rates

Average BMW M2 insurance cost? $233. But your drift machine can go even cheaper — see Geico’s rates.

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We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a BMW M2 is $233.25 — or around $2,800 annually. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. And some older models may cost less to insure than others depending on which safety features your vehicle has and which insurer you choose.

Model YearProgressiveGeicoState FarmFarmersAverage
2016 BMW M2$166.92$148.64$243.26$202.75$190.39
2021 BMW M2$238.43$181.70$281.56$231.30$233.25

How we got these rates

Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

Your rates may be different based on details such as your age, location, job type, annual mileage and more.

Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
Progressive
loan/lease coverage
Yes
Snapshot
Yes
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
USAA
No
Yes
SafePilot
Yes
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
State Farm
State Farm
No
Yes
Drive Safe and Save
Yes
All 50 states
Work with a dedicated agent to find the right coverage for you, including bundling other policies for the best value.
Geico
No
No
DriveEasy
Yes
All 50 states

Stack discounts up to 40% off already low premiums, with convenient mobile services like proof of insurance and claims.

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Compare the M2’s insurance factors to similar cars

You’ll pay more in insurance for a BMW M2 than for a nonluxury car, but the M2 is more than a luxury sedan. The M2 has the horsepower and 0-60 mph times to make it a contender at the track. Insurance companies probably consider its power and speed abilities a higher risk for causing damage in a car accident, explaining the higher rates.

Models similar to BMW M2Monthly insurance costCar valueTheft rate
BMW M2$233.25$59,895Not available
BMW M4$321.18$72,795Not available
Mercedes-Benz C Class$231.54$42,6501.23
Jaguar F-Type$62,750Not available
Porsche Cayman$61,2500.68

We found 2021 car values from Car and Driver’s car model reviews. We also found theft rates from the National Highway Traffic Safety Administration (NHTSA). Theft rates are not available for all models or model years.

BMW M2 Series money-saving safety features

You could save money on car insurance for your BMW M2 Series if it comes equipped with these safety features.

  • Airbags
  • Antilock brakes
  • Antitheft device
  • Electronic stability control
  • Seatbelt pretensioners
  • Lane-departure warning systems
  • Adaptive cruise control
  • Daytime running lights

About the BMW M2

The BMW M2 has been around since 2016 and is the company’s flagship 2 Series model. The first sales were in United Kingdom and it later was unveiled at the 2016 North American International Auto Show. The top speed for the BMW M2 is 155 mph and features the BMW N55 engine.

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