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
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
Model year is one of the biggest factors in BMW M2 insurance pricing. Newer M2s cost more to insure because their replacement value is higher. Monthly premiums range from $99 for older model years to $318 for recent ones, so the year you buy can make a real difference in what you pay.
| 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:
2016
Coupe 2d
| Coupe 2d | $99 | $192 |
BMW M2 Insurance Cost by Company
BMW M2 insurance rates range from $154 to $322 per month, depending on the provider. Minimum coverage costs between $96 and $201, while full coverage runs from $183 to $460. Differences in rates come from each insurer’s unique risk assessment process.
| 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 rates change by location, about $52 per month in Wyoming and up 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
Age and driving history play a big role in BMW M2 insurance rates. Drivers under 25 with a clean record pay about $463 per month, while those aged 26 to 64 with no violations average around $183.
| Adult Drivers | $124 | $242 |
| Drivers With a Speeding Ticket | $155 | $304 |
| Senior Drivers | $166 | $305 |
| Drivers With an Accident | $184 | $355 |
| Drivers With a DUI | $234 | $450 |
| Drivers With Bad Credit | $299 | $603 |
| Young Drivers | $316 | $610 |
Is a BMW M2 Expensive to Insure?
BMW insurance tends to be costly because of the brand’s luxury status. The BMW M2 ranks 650th out of 827 models in the U.S., placing it among the pricier cars to insure. Within the sports car category, it 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 |
| Jaguar F-Type | $111 | $218 |
| Subaru BRZ | $112 | $215 |
| 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
Travelers has the cheapest full coverage for the BMW M2 at $183 a month. GEICO's minimum coverage rate comes in at $96 monthly.
| GEICO | $96 | $211 |
| Travelers | $99 | $183 |
| Progressive | $104 | $194 |
| State Farm | $111 | $231 |
| Nationwide | $127 | $221 |
Cheapest BMW M2 Insurance by State
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:
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:
- 1Choose the right coverage
Three things drive your coverage decision: what your BMW's worth, how much you drive and what you can afford to spend. How much coverage to buy depends on your situation.
Tight budget (you own the car):
- Your state's minimum liability requirements
- Comprehensive and collision with a $1,000 deductible
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
- 2Research costs and cheap companies
Check the average auto insurance costs for your car so you know whether your current rate is competitive. From there, you can compare the cheapest car insurance companies directly.
- 3Look for more than just low rates
Price isn't the whole picture. Pull J.D. Power satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings alongside coverage limits and deductibles before you commit. Cheaper insurers sometimes process claims slowly or cap coverage in ways that leave you short after an accident.
- 4Explore discounts you qualify for
BMW M2 owners tend to qualify for more discounts than average. These five are the most likely based on who typically buys the M2:
- Multi-Car/Multi-Vehicle Discount (12% to 25% savings): M2 buyers have average household incomes above $124,000, often indicating more than one car at home. Nearly every major insurer offers a multi-car discount.
- Bundling/Multi-Policy Discount (5% to 25% savings): About 90% of BMW buyers own their homes, so bundling auto and home policies is an easy win with most major carriers.
- Good Driver/Safe Driver Discount (5% to 30% savings): The M2's median buyer is 46 to 56 years old with a professional background, which usually means a clean record and a discount to match.
- Safety Features Discount (5% to 40% savings): The M2's Active Driving Assistant includes forward collision warning, automatic emergency braking and blind-spot detection. Many insurers will cut your premium for those features.
- Low Annual Mileage Discount (5% to 15% savings): M2 owners drive fewer miles than average, since the car tends to come out on weekends rather than for daily commutes. GEICO and Progressive both offer low-mileage discounts.
- 5Consider alternative car insurance types
Usage-based insurance ties your premium to how and how much you actually drive, which can work in your favor if the M2 isn't your daily driver. Pay-per-mile programs reward lower annual mileage with lower rates.
- 6Check rates every year
Comparing quotes from multiple insurers can save you up to 24% on your BMW M2 insurance. Rates shift annually, so what's cheapest today won't necessarily be cheapest next year.
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 analyzed hundreds of millions of quote estimates across all U.S. car models from 2000 to 2025 to build the BMW M2 rate data on this page.
Who We Based These Rates On
- 40-year-old unmarried male
- Clean record: no tickets, crashes or claims
- Good credit (670 to 739)
- 12,000 miles driven annually
- Valid license, no suspensions
Coverage Definitions:
- Minimum Coverage: State-required liability limits
- Full Coverage: 100/300/100 liability + comprehensive and collision with a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.
His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!