BMW I4 M50 Insurance Rates
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Mar 28, 2024
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Average insurance rates for a BMW i4 M50 are $2,240 a year for full coverage. Comprehensive costs on average $494, collision costs $982, and liability is estimated at $546. Liability-only coverage costs approximately $630 a year, with high-risk coverage costing around $4,872. 16-year-old drivers receive the highest rates at $8,192 a year or more.
Average premium for full coverage: $2,240
Rate estimates by individual coverage type:
Estimates include $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Rates are averaged for all states and for different i4 M50 trim levels.
Price Range by Coverage and Risk
For an average driver, prices range go from as low as $630 for basic liability insurance to a much higher rate of $4,872 for high-risk insurance.
Price Range by Location
Living in a larger city can have significant affects on car insurance rates. Rural areas tend to have a lower frequency of accident claims than congested cities.
The price range example below illustrates the effect of geographic area on car insurance rates.
These examples show why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Rate Comparisons
The chart below shows estimated BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,261
- Choosing higher $1,000 deductibles can save around $334 a year
- The average rate for a 40-year-old driver with $500 deductibles is $2,240
- Buying more expensive low deductibles for comp and collision coverage will increase the cost to $2,896
- Unlucky drivers with multiple tickets or accidents could pay upwards of $4,872 or more
- The cost for full coverage for a teen driver with full coverage may cost $8,192 each year
Car insurance rates for a BMW i4 M50 can also vary considerably based on your driver profile, the trim level of your i4 M50, and policy deductibles and limits.
An older driver with no driving violations and high deductibles may pay as little as $2,100 annually on average for full coverage. Rates are highest for teen drivers, where even good drivers will be charged upwards of $8,100 a year. View Rates by Age
Where you live plays a big part in determining prices for BMW i4 M50 insurance prices. A good driver about age 40 could pay as low as $1,480 a year in states like Idaho, Maine, and Iowa, or at least $3,190 on average in Michigan, Louisiana, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $2,024 | -$216 | -9.6% |
| Alaska | $1,718 | -$522 | -23.3% |
| Arizona | $1,860 | -$380 | -17.0% |
| Arkansas | $2,240 | -$0 | 0.0% |
| California | $2,554 | $314 | 14.0% |
| Colorado | $2,140 | -$100 | -4.5% |
| Connecticut | $2,304 | $64 | 2.9% |
| Delaware | $2,536 | $296 | 13.2% |
| Florida | $2,800 | $560 | 25.0% |
| Georgia | $2,070 | -$170 | -7.6% |
| Hawaii | $1,610 | -$630 | -28.1% |
| Idaho | $1,520 | -$720 | -32.1% |
| Illinois | $1,670 | -$570 | -25.4% |
| Indiana | $1,688 | -$552 | -24.6% |
| Iowa | $1,514 | -$726 | -32.4% |
| Kansas | $2,126 | -$114 | -5.1% |
| Kentucky | $3,054 | $814 | 36.3% |
| Louisiana | $3,316 | $1,076 | 48.0% |
| Maine | $1,384 | -$856 | -38.2% |
| Maryland | $1,848 | -$392 | -17.5% |
| Massachusetts | $1,792 | -$448 | -20.0% |
| Michigan | $3,890 | $1,650 | 73.7% |
| Minnesota | $1,876 | -$364 | -16.3% |
| Mississippi | $2,682 | $442 | 19.7% |
| Missouri | $1,988 | -$252 | -11.3% |
| Montana | $2,408 | $168 | 7.5% |
| Nebraska | $1,764 | -$476 | -21.3% |
| Nevada | $2,686 | $446 | 19.9% |
| New Hampshire | $1,614 | -$626 | -27.9% |
| New Jersey | $2,504 | $264 | 11.8% |
| New Mexico | $1,984 | -$256 | -11.4% |
| New York | $2,358 | $118 | 5.3% |
| North Carolina | $1,290 | -$950 | -42.4% |
| North Dakota | $1,832 | -$408 | -18.2% |
| Ohio | $1,546 | -$694 | -31.0% |
| Oklahoma | $2,298 | $58 | 2.6% |
| Oregon | $2,054 | -$186 | -8.3% |
| Pennsylvania | $2,134 | -$106 | -4.7% |
| Rhode Island | $2,988 | $748 | 33.4% |
| South Carolina | $2,028 | -$212 | -9.5% |
| South Dakota | $1,888 | -$352 | -15.7% |
| Tennessee | $1,960 | -$280 | -12.5% |
| Texas | $2,702 | $462 | 20.6% |
| Utah | $1,658 | -$582 | -26.0% |
| Vermont | $1,534 | -$706 | -31.5% |
| Virginia | $1,342 | -$898 | -40.1% |
| Washington | $1,730 | -$510 | -22.8% |
| West Virginia | $2,054 | -$186 | -8.3% |
| Wisconsin | $1,552 | -$688 | -30.7% |
| Wyoming | $1,994 | -$246 | -11.0% |
Opting for high physical damage deductibles can save as much as $990 every year, while increasing your policy's liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $492 extra every 12 months. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you could be paying at a minimum $2,600 to $3,600 extra per year, depending on your age. High-risk driver insurance ranges as much as 44% to 129% more than the average rate. View High Risk Driver Rates
With so much variability in rates, the only way to know exactly what you will pay is to compare rates and see which company has the best rate. Each auto insurer utilizes a different rate formula, so rate quotes can be significantly different from one company to the next.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW i4 M50 | $516 | $990 | $534 | $2,258 |
| 2023 BMW i4 M50 | $494 | $982 | $546 | $2,240 |
| 2022 BMW i4 M50 | $478 | $958 | $570 | $2,224 |
Rates are averaged for all BMW i4 M50 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Low Cost BMW i4 M50 Insurance
Saving money on car insurance takes being safe and accident-free, having above-average credit, eliminating unneeded coverage, and maximizing policy discounts. Take the time to compare rates every couple of years by obtaining price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.
Below you'll find a review of the material that was covered in the above illustrations.
- Policyholders who require more liability protection will pay around $600 each year to raise limits from a minimum limit to 250/500 limits
- Youthful drivers are expensive to insure, costing as high as $683 per month if full coverage is included
- Higher risk drivers who have several accidents or serious violations will pay on average $2,630 more each year than a low-risk driver
- Increasing deductibles can save around $1,000 each year
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $8,192 |
| 20 | $5,200 |
| 30 | $2,354 |
| 40 | $2,240 |
| 50 | $2,046 |
| 60 | $2,008 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,896 |
| $250 | $2,590 |
| $500 | $2,240 |
| $1,000 | $1,906 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $2,240 |
| 50/100 | $2,349 |
| 100/300 | $2,486 |
| 250/500 | $2,841 |
| 100 CSL | $2,404 |
| 300 CSL | $2,704 |
| 500 CSL | $2,923 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $11,746 |
| 20 | $8,282 |
| 30 | $4,996 |
| 40 | $4,872 |
| 50 | $4,646 |
| 60 | $4,604 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $121 |
| Multi-vehicle | $117 |
| Homeowner | $31 |
| 5-yr Accident Free | $175 |
| 5-yr Claim Free | $147 |
| Paid in Full/EFT | $110 |
| Advance Quote | $116 |
| Online Quote | $162 |
| Total Discounts | $979 |
Discounts are estimated and may not be available from every company or in every state.
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