BMW M2 insurance costs average $124 per month for minimum coverage and $242 monthly for full coverage. Depending on your particular trim and model year, costs can range from $99 to $368 for BMW M2 monthly.
BMW M2 Insurance Cost
Updated: October 2, 2025
Key Takeaways
BMW M2 insurance costs range from $99 to $368 monthly depending on your model year and trim level.
The BMW M2 ranks 650th out of 827 vehicle models for insurance affordability in the United States market.
Travelers offers the most affordable BMW M2 full coverage insurance at $183 monthly, while minimum coverage policies start around $96 per month.
How Much Is BMW M2 Insurance?
| BMW M2 | $124 | $242 |
BMW M2 Insurance Cost by Model Year
Your BMW M2's model year and available trims influence insurance rates, with newer models usually costing more due to higher vehicle values. Monthly premiums for different M2 model years span from $99 to $318, creating savings opportunities depending on which year you choose.
| 2025 | $127 | $248 |
| 2024 | $121 | $237 |
| 2023 | $118 | $230 |
| 2021 | $99 | $193 |
| 2020 | $163 | $318 |
| 2019 | $130 | $253 |
| 2018 | $114 | $222 |
| 2017 | $109 | $212 |
| 2016 | $99 | $192 |
BMW M2 Insurance Cost by Trim
Your BMW M2's trim affects insurance costs based on its performance features, replacement value and theft appeal. Our research shows monthly premiums range from $114 for the base Coupe to $368 for the high-performance CS model, with the Competition trim falling between at $238 monthly.
| Coupe 2d | $114 | $223 |
| Competition Coupe 2d | $122 | $238 |
| Cs Coupe 2d | $189 | $368 |
Compare Personalized BMW M2 Insurance Costs
We broke down BMW M2 insurance costs by model year and trim for accurate estimates.
Data filtered by:Results filtered by:
Select
Model Year:2016
Select
Trim:Coupe 2d
| Coupe 2d | $99 | $192 |
BMW M2 Insurance Cost by Company
BMW M2 insurance costs vary by provider from $154 to $322 monthly. Minimum coverage ranges from $96 to $201, while full coverage costs $183 to $460. Rates vary due to different risk assessment models.
| AAA | $148 | $309 |
| AIG | $185 | $460 |
| Allstate | $158 | $306 |
| Amica | $171 | $351 |
| Chubb | $157 | $318 |
| Farmers | $201 | $351 |
| GEICO | $96 | $211 |
| Kemper | $116 | $240 |
| Nationwide | $127 | $221 |
| Progressive | $104 | $194 |
| State Farm | $111 | $231 |
| The Hartford | $150 | $257 |
| Travelers | $99 | $183 |
| UAIC | $164 | $204 |
BMW M2 Insurance Cost by State
BMW M2 insurance costs vary by location, ranging from just $52 monthly in Wyoming to $543 in Louisiana.
| Alabama | $116 | $223 |
| Alaska | $91 | $194 |
| Arizona | $153 | $288 |
| Arkansas | $107 | $238 |
| California | $119 | $240 |
| Colorado | $126 | $303 |
| Connecticut | $163 | $282 |
| Delaware | $165 | $277 |
| Florida | $144 | $335 |
| Georgia | $180 | $300 |
| Hawaii | $67 | $152 |
| Idaho | $70 | $143 |
| Illinois | $118 | $223 |
| Indiana | $83 | $165 |
| Iowa | $79 | $190 |
| Kansas | $94 | $221 |
| Kentucky | $148 | $252 |
| Louisiana | $264 | $543 |
| Maine | $72 | $151 |
| Maryland | $184 | $313 |
| Massachusetts | $128 | $274 |
| Michigan | $201 | $393 |
| Minnesota | $114 | $242 |
| Mississippi | $117 | $230 |
| Missouri | $166 | $329 |
| Montana | $99 | $239 |
| Nebraska | $95 | $216 |
| Nevada | $203 | $368 |
| New Hampshire | $94 | $168 |
| New Jersey | $202 | $335 |
| New Mexico | $100 | $224 |
| New York | $151 | $271 |
| North Carolina | $108 | $213 |
| North Dakota | $91 | $201 |
| Ohio | $94 | $185 |
| Oklahoma | $127 | $285 |
| Oregon | $134 | $236 |
| Pennsylvania | $119 | $278 |
| Rhode Island | $157 | $280 |
| South Carolina | $122 | $229 |
| South Dakota | $80 | $257 |
| Tennessee | $97 | $198 |
| Texas | $157 | $321 |
| Utah | $123 | $210 |
| Vermont | $69 | $165 |
| Virginia | $126 | $203 |
| Washington | $109 | $205 |
| West Virginia | $115 | $236 |
| Wisconsin | $85 | $189 |
| Wyoming | $52 | $164 |
BMW M2 Insurance Cost by Driver Profile
Your age and driving history impact BMW M2 insurance costs. Monthly premiums can reach $463 if you're a young driver under 25 with a clean record, while adult drivers between 26-64 without violations typically pay around $183 monthly.
| Adult Drivers | $124 | $242 |
| Young Drivers | $316 | $610 |
| Senior Drivers | $166 | $305 |
| Drivers With a Speeding Ticket | $155 | $304 |
| Drivers With an Accident | $184 | $355 |
| Drivers With a DUI | $234 | $450 |
| Drivers With Bad Credit | $299 | $603 |
Is a BMW M2 Expensive to Insure?
You might be concerned about BMW insurance costs given the vehicle's luxury status. Compared to the rest of the models on the U.S. market, a BMW M2 ranks 650th out of 827, making it one of the more expensive cars to insure. Among sports cars, the model ranks 37th out of 59.
| Mazda MX-5 Miata | $71 | $137 |
| Saturn Sky | $74 | $143 |
| Honda S2000 | $74 | $144 |
| Pontiac Firebird | $76 | $146 |
| Toyota Celica | $76 | $146 |
| Mazda RX-8 | $78 | $150 |
| Ford Thunderbird | $79 | $154 |
| Nissan 350Z | $82 | $158 |
| Pontiac Solstice | $82 | $159 |
| Chrysler Crossfire | $83 | $161 |
| Bmw Z3 | $85 | $165 |
| Porsche Boxster | $85 | $165 |
| Alfa Romeo 4C | $88 | $172 |
| Ford Mustang | $88 | $171 |
| Chevrolet SS | $91 | $177 |
| Scion FR-S | $94 | $181 |
| Cadillac XLR | $96 | $186 |
| Porsche Cayman | $96 | $186 |
| Chevrolet Camaro | $97 | $189 |
| Bmw Z4 | $98 | $190 |
| Fisker Karma | $98 | $190 |
| Nissan 370Z | $99 | $191 |
| Mercedes SLC | $102 | $199 |
| Toyota 86 | $103 | $199 |
| Toyota Supra | $104 | $203 |
| Chevrolet Corvette | $104 | $202 |
| Tesla Roadster | $107 | $208 |
| Mercedes SLK-Class | $111 | $214 |
| Subaru BRZ | $112 | $215 |
| Jaguar F-Type | $111 | $218 |
| Toyota GR86 | $112 | $217 |
| Bmw Z4 M | $113 | $222 |
| Bmw M6 | $117 | $230 |
| Mercedes SL | $119 | $233 |
| Karma Revero | $120 | $235 |
| Lexus LC | $120 | $235 |
| Bmw M2 | $124 | $242 |
| Dodge Viper | $130 | $253 |
| Nissan GT-R | $132 | $258 |
| Acura NSX | $132 | $259 |
| Mercedes CLE | $133 | $261 |
| Nissan Z | $136 | $267 |
| Bentley Continental | $136 | $268 |
| Porsche 718 | $138 | $271 |
| Dodge Charger | $141 | $272 |
| Audi R8 | $143 | $280 |
| Porsche Panamera | $146 | $287 |
| Bmw M4 | $150 | $294 |
| Porsche 911 | $151 | $297 |
| Bmw 8-series | $155 | $306 |
| Mercedes SLS-Class | $158 | $314 |
| Maserati Gran Turismo | $161 | $318 |
| Bmw i8 | $169 | $335 |
| Fiat 124 Spider | $182 | $353 |
| Dodge Challenger | $191 | $371 |
| Porsche Taycan | $231 | $454 |
| Karma Gysera | $284 | $556 |
| Karma Invictus | $300 | $588 |
| Karma Kaveya | $486 | $954 |
Factors That Affect BMW Car Insurance Costs
Several key factors influence what you'll pay for BMW M2 insurance coverage:
- Age (35 to 54 median): Mature professionals receive moderate rates, though the M2's performance focus attracts drivers who may engage in spirited driving behaviors.
- Gender (64% male): Male ownership dominance correlates with higher risk profiles for sports cars, increasing premiums in most states.
- Income ($124,800 to $175,000): High-income buyers typically maintain excellent credit scores, which can help offset the vehicle's performance-based risk factors in insurance calculations.
Average Repair or Replacement Costs
BMW ranks 33rd in repair affordability among 59 U.S. automakers with median annual costs of $1,423. BMW M2 repair costs average $1,623 annually, contributing to higher insurance premiums.
Vehicle Trim, Features and Accessories
The BMW M2 is available as a single, well-equipped high-performance coupe with 473 horsepower from a twin-turbocharged 3.0L inline-six engine (the same S58 engine found in M3 and M4 models). This concentrated power in a compact package results in aggressive acceleration (0 to 60 mph in 3.9 seconds with automatic transmission) that insurers view as high-risk.
Premium features like M Carbon bucket seats, adaptive LED headlights, the optional Carbon Package and performance-oriented components like cross-drilled disc brakes and high-performance Michelin Pilot Sport 4S tires increase replacement costs.
The M2's specialized M-tuned suspension, racing-derived technology, and BMW's advanced iDrive 8.5 infotainment system require certified technician expertise, driving up repair expenses.
Fuel Type
The M2 runs exclusively on premium gasoline with poor fuel economy ratings of 16 MPG city / 23 MPG highway, regardless of transmission choice. This high-performance powertrain requires premium fuel and specialized maintenance at BMW-certified service centers, increasing both operating costs and insurance considerations for comprehensive coverage.
Unlike mainstream vehicles, the M2's twin-turbocharged S58 engine demands specific BMW synthetic oils, performance-grade coolants and precision-tuned components that must be serviced by trained technicians. Insurance companies factor in these higher maintenance requirements and the limited availability of qualified repair facilities when calculating comprehensive and collision premiums.
Location
BMW M2 owners are concentrated in affluent metropolitan areas and states with high concentrations of luxury vehicle ownership, particularly California (13% of BMW dealerships), New York, Texas and Florida. The M2's appeal to performance enthusiasts means higher concentrations in regions with established car culture and track day communities.
Driver Profile
BMW M2 drivers are typically established professionals who can afford both the $66,075 starting price and associated high-performance vehicle costs. This demographic seeks driving engagement and track day capability over practical transportation.
Driver demographics affecting BMW M2 insurance rates:
Cheapest BMW M2 Insurance Companies
When shopping for M2 car insurance, Travelers offers the most affordable full coverage with monthly premiums of $183. For drivers seeking basic minimum coverage, GEICO provides the cheapest option at $96 monthly.
| Travelers | $99 | $183 |
| Progressive | $104 | $194 |
| GEICO | $96 | $211 |
| State Farm | $111 | $231 |
| Nationwide | $127 | $221 |
Cheapest BMW M2 Insurance by State
We found that these three companies offer the most affordable BMW M2 coverage:
- Travelers: Most affordable in 14 states
- Progressive: Most affordable in 10 states
- GEICO: Most affordable in seven states
You can filter below to find which company offers the cheapest BMW M2 insurance rates in your area.
Data filtered by:Results filtered by:
Select
State:Alabama
| Alabama | Travelers | $81 |
How to Get the Best Cheap BMW M2 Insurance
Below we outline the top car insurance discounts available for your BMW M2:
- 1
Choose the right coverage
Three things matter when choosing how much coverage to buy: what your BMW's worth, how much you drive and what you can afford to spend:
Tight budget (you own the car):
- Your state's minimum liability requirements
- Add comprehensive and collision with a $1,000 deductible
Want better protection (you own the car):
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
Financing or leasing:
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
- Gap insurance (most lenders require this)
*Coverage Limits Explained (100/300/100):
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage coverage
- 2
Research costs and cheap companies
Researching average auto insurance costs for your car will help you understand how much you're saving currently and with another provider. You can then find the cheapest car insurance companies.
- 3
Look for more than just low rates
To get the most balanced car insurance for your BMW M2, check forum reviews, J.D. Power customer satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings while comparing coverage limits and deductibles.
Some low-cost insurers have slower claim processing times or limited coverage options that can leave you underinsured in an accident.
- 4
Explore discounts you qualify for
Finding car insurance discounts you'll likely qualify for will go a long way in ensuring you get the cheapest rate possible. The five discounts below are the most likely we found that BMW M2 owners will qualify for:
- Multi-Car/Multi-Vehicle Discount (12% to 25% savings): M2 buyers' high household income of over $124,000 often means multiple vehicles in the garage, qualifying for multi-car discounts from virtually all insurers.
- Bundling/Multi-Policy Discount (5% to 25% savings): With 90% of BMW buyers owning their homes and high professional achievement rates, M2 owners can bundle auto and home insurance for substantial savings from major carriers.
- Good Driver/Safe Driver Discount (5% to 30% savings): M2 owners' mature demographics (median age 46 to 56) and professional backgrounds typically result in clean driving records that qualify them for good driver discounts.
- Safety Features/Advanced Safety Discount (5% to 40% savings): The M2's Active Driving Assistant includes forward collision warning, automatic emergency braking, and blind-spot detection that help you avoid crashes. Many insurance companies will reduce your premiums for this.
- Low Annual Mileage Discount (5% to 15% savings): As a high-performance sports car often used for weekend driving and special occasions rather than daily commuting, M2 owners frequently drive fewer miles annually and qualify for low-mileage discounts from insurers like GEICO and Progressive.
- 5
Consider alternative car insurance types
BMW M2 owners should consider usage-based insurance or programs that reward safe driving habits with lower premiums.
- 6
Check rates every year
Comparing car insurance quotes from multiple sources can cut your BMW M2 insurance by up to 24%. Your best deal today might not exist next year, so make comparing rates an annual habit.
BMW M2 Insurance Cost: Bottom Line
Insuring a BMW M2 costs more than average, but you can still find decent rates. Shop multiple companies, look into discounts and consider different coverage options to get the best insurance rate for your car.
BMW M2 Insurance Rates: FAQ
Here are answers to common questions about insuring a BMW M2.
What is the average cost of car insurance for a BMW M2?
The annual cost for BMW M2 insurance is $1,490 for state minimum coverage and $2,908 for full coverage.
What company has the cheapest car insurance for a BMW M2?
When shopping for M2 car insurance, Travelers offers the most affordable full coverage with monthly premiums of $183. For drivers seeking basic minimum coverage, GEICO provides the cheapest option at $96 monthly.
Are BMW M2s expensive to insure?
Yes, BMW M2 insurance costs more than most cars. Out of 827 vehicles we track, the M2 ranks 650th for affordability. Among sports cars, this model sits at 37th out of 59.
What factors affect insurance costs for BMW M2s?
Several things drive up your BMW M2 rates. Repairs cost more because of specialized parts and the aluminum body. Your driving record and credit score, plus the coverage you pick, play a big role. Where you live affects rates, too. Areas with more theft or fewer BMW-certified repair shops cost more.
How can I lower BMW M2 insurance costs?
Shop around with multiple insurers as rates vary for BMWs, and consider usage-based insurance programs that track your driving habits. Take advantage of BMW's safety features when discussing discounts, bundle with other policies and maintain a clean driving record to qualify for the lowest premiums.
How We Determined BMW M2 Insurance Costs
We studied hundreds of millions of quote estimates across all car models sold in the U.S. from 2000 to 2025 to get you the most accurate BMW M2 insurance costs.
Who We Based These Rates On
These BMW M2 prices reflect what a typical driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score is in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions:
- Minimum Coverage: State-required liability limits
- Full Coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.