BMW I4 M50 Insurance Rates

The average auto insurance rates for a BMW i4 M50 are $2,240 annually for full coverage. Comprehensive costs on average $494, collision insurance costs $982, and liability costs $546. Buying just liability costs as little as $630 a year, and insurance for high-risk drivers costs around $4,872. Teen drivers cost the most to insure at up to $8,192 a year.

Average premium for full coverage: $2,240

Policy rates by type of insurance:

Rates are based on $500 policy deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all states and for all i4 M50 models.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance rates. Rural areas are shown to have fewer accident claims than larger metro areas. The example below illustrates how your location can change car insurance rates.

The examples above show why everyone should compare rates based on a specific location and their own personal driving habits, instead of making a decision based on price averages.

Use the form below to get customized rates for your location.

Rate Comparisons

The chart below shows average BMW i4 M50 insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $1,261
• Drivers who choose higher $1,000 deductibles will pay around $334 a year
• The estimated rate for a good driver age 40 with $500 deductibles is $2,240
• Choosing pricier low deductibles for comprehensive and collision insurance will cost $2,896
• Drivers with multiple violations and an at-fault accident could pay upwards of $4,872
• Policy cost with full coverage for a 16-year-old driver for full coverage may cost $8,192 a year

View Chart as Image

Insurance rates for a BMW i4 M50 also range considerably based on the model year and trim level, your driver profile, and policy deductibles and limits.

A more mature driver with a clean driving record and high physical damage deductibles may pay as low as $2,100 per year on average, or $175 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they can expect to pay upwards of $8,100 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at a minimum $2,600 to $3,600 extra every year, depending on your age. BMW i4 M50 insurance for high-risk drivers can cost from 44% to 129% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $990 annually, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $492 more per year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in BMW i4 M50 insurance prices. A 40-year-old driver could pay as low as $1,480 a year in states like Idaho, Maine, and Iowa, or as much as $3,190 on average in Michigan, Louisiana, and New York.

View Chart as Image

How to Buy the Best Cheap BMW i4 M50 Insurance

Finding cheaper rates on insurance for a BMW i4 M50 not only requires being safe and accident-free, but also having a good credit history, avoid buying unnecessary coverage, and determing if full coverage is necessary. Invest the time to shop around at every policy renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

Below you'll find a quick review of the data illustrated above.

• Insureds who require more liability protection will pay about $600 each year to go from a 30/60 limit to higher 250/500 limits
• Drivers can save as much as $280 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save up to $1,000 each year
• Youthful drivers pay the highest rates, costing up to $683 each month including comprehensive and collision insurance