Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used BMW M2? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW M2 insurance facts

  • Average full coverage auto insurance premium: $232/month

  • Most affordable companies: Mercury ($148/month) & GEICO ($161/month)

  • M2 car insurance cost vs. average rate: $23 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW M2 by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average BMW M2 insurer costs by state:

Risk factors affecting BMW M2 coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW M2 insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average M2 repair costs equal higher coverage rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW M2 affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower auto rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying an insurance policy.

2021 BMW M2

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3327
Allstate$2800
American Family$1967
Erie$2655
GEICO$1825
Kentucky Farm Bureau$3126
Liberty Mutual$2148
Mercury$1781
Nationwide$3046
Progressive$2247
Safeco$3419
State Farm$2419
Tennessee Farmers$2499
Texas Farm Bureau$2350
The Hanover$3312
Travelers$2890
USAA$2044

Compare all 2021 BMW M2 rates

Average Cost to Insure Per Year

$2788

List Price

$58903

Trims Available

Base - Base Engine: 3.0-liter twin-turbo six-cylinder engine that produces 405 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2020 BMW M2

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3316
Allstate$2777
American Family$1812
Erie$2640
GEICO$2456
Kentucky Farm Bureau$3124
Liberty Mutual$2147
Mercury$1706
Nationwide$3045
Progressive$2235
State Farm$1964
Tennessee Farmers$2570
Texas Farm Bureau$2348
The Hanover$3302
Travelers$2865
USAA$2035

Compare all 2020 BMW M2 rates

Average Cost to Insure Per Year

$2746

List Price

$58900

Trims Available

Base - Base Engine: 3.0-liter twin-turbo six-cylinder engine that produces 405 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2019 BMW M2

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3016
Allstate$2340
American Family$1635
Erie$2265
GEICO$2035
Kentucky Farm Bureau$2718
Liberty Mutual$1799
Mercury$1623
Nationwide$2560
Progressive$1835
State Farm$1750
Tennessee Farmers$2153
Texas Farm Bureau$1954
The Hanover$2853
Travelers$2473
USAA$1781

Compare all 2019 BMW M2 rates

Average Cost to Insure Per Year

$2635

List Price

$59895

Trims Available

Base - Base Engine: 3.0-liter twin-turbo six-cylinder engine that produces 405 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2018 BMW M2

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2141
Acuity$ 2141
Allied$ 1712
Allied$ 1712
Arbella$ 2256
Arbella$ 2256
Country$ 2299
Country$ 2299
Erie$ 1577
Erie$ 1577
Mercury$ 1402
Mercury$ 1402
Nationwide$ 1905
Nationwide$ 1905
Plymouth Rock Insurance$ 1772
Plymouth Rock Insurance$ 1772
Progressive$ 2145
Progressive$ 2145
State Farm$ 2238
State Farm$ 2238
Tennessee Farmers$ 1937
Tennessee Farmers$ 1937
USAA$ 1748
USAA$ 1748

Compare all 2018 BMW M2 rates

Average Cost to Insure Per Year

$ 2610

List Price

$ 54500

Trims Available

Base

2017 BMW M2

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2016
Acuity$ 2016
Allied$ 1739
Allied$ 1739
Arbella$ 2130
Arbella$ 2130
Country$ 2166
Country$ 2166
Erie$ 1467
Erie$ 1467
Mercury$ 1373
Mercury$ 1373
Nationwide$ 1917
Nationwide$ 1917
Plymouth Rock Insurance$ 1712
Plymouth Rock Insurance$ 1712
Progressive$ 2006
Progressive$ 2006
State Farm$ 2054
State Farm$ 2054
Tennessee Farmers$ 1506
Tennessee Farmers$ 1506
USAA$ 1782
USAA$ 1782

Compare all 2017 BMW M2 rates

Average Cost to Insure Per Year

$ 3194

List Price

$ 52500

Trims Available

Base