BMW I4 M50 Insurance Rates
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW i4 M50 are $2,258 a year with full coverage. Comprehensive costs on average $516, collision insurance costs $990, and liability is estimated at $534. Buying just liability costs approximately $620 a year, and insurance for high-risk drivers costs around $4,896. Teen drivers receive the highest rates at up to $8,198 a year.
Average premium for full coverage: $2,258
Rate estimates by individual coverage type:
Includes $500 physical damage deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and for different i4 M50 trim levels.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range range from the low end price of $620 for just the minimum liability insurance to a much higher rate of $4,896 for a policy for a high-risk driver.
Price Range by Location
Living in a larger city can make a big difference on auto insurance rates. Rural areas tend to have lower incidents of collision claims than larger metro areas. The price range example below illustrates the difference location can make on car insurance rates.
These examples demonstrate why anyone shopping for car insurance should get quotes based on a specific location, instead of making a decision based on price 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.
Additional Rate Analysis
The chart below details average BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $1,274
- Choosing higher $1,000 deductibles can save around $342 annually
- The estimated price for a 40-year-old driver with $500 deductibles is $2,258
- Choosing more expensive low deductibles for comp and collision coverage bumps up the cost to $2,924
- Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $4,896
- The cost that insures a 16-year-old driver with full coverage may cost $8,198 each year
Auto insurance rates for a BMW i4 M50 can also vary considerably based on the model year and trim level, your age and driving habits, and policy deductibles and limits.
If you like to drive fast or you caused an accident, you may be forking out at a minimum $2,700 to $3,600 in extra premium per year, depending on your age. High-risk driver insurance ranges from 44% to 134% more than average. View High Risk Driver Rates
An older driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $2,100 annually on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay 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 $1,620 a year in states like New Hampshire, Ohio, and Utah, or as much as $3,040 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $2,038 | -$220 | -9.7% |
| Alaska | $1,732 | -$526 | -23.3% |
| Arizona | $1,874 | -$384 | -17.0% |
| Arkansas | $2,258 | -$0 | 0.0% |
| California | $2,572 | $314 | 13.9% |
| Colorado | $2,156 | -$102 | -4.5% |
| Connecticut | $2,320 | $62 | 2.7% |
| Delaware | $2,554 | $296 | 13.1% |
| Florida | $2,822 | $564 | 25.0% |
| Georgia | $2,086 | -$172 | -7.6% |
| Hawaii | $1,622 | -$636 | -28.2% |
| Idaho | $1,530 | -$728 | -32.2% |
| Illinois | $1,682 | -$576 | -25.5% |
| Indiana | $1,700 | -$558 | -24.7% |
| Iowa | $1,524 | -$734 | -32.5% |
| Kansas | $2,144 | -$114 | -5.0% |
| Kentucky | $3,078 | $820 | 36.3% |
| Louisiana | $3,342 | $1,084 | 48.0% |
| Maine | $1,394 | -$864 | -38.3% |
| Maryland | $1,864 | -$394 | -17.4% |
| Massachusetts | $1,804 | -$454 | -20.1% |
| Michigan | $3,922 | $1,664 | 73.7% |
| Minnesota | $1,890 | -$368 | -16.3% |
| Mississippi | $2,704 | $446 | 19.8% |
| Missouri | $2,004 | -$254 | -11.2% |
| Montana | $2,426 | $168 | 7.4% |
| Nebraska | $1,776 | -$482 | -21.3% |
| Nevada | $2,706 | $448 | 19.8% |
| New Hampshire | $1,626 | -$632 | -28.0% |
| New Jersey | $2,522 | $264 | 11.7% |
| New Mexico | $2,000 | -$258 | -11.4% |
| New York | $2,376 | $118 | 5.2% |
| North Carolina | $1,300 | -$958 | -42.4% |
| North Dakota | $1,848 | -$410 | -18.2% |
| Ohio | $1,558 | -$700 | -31.0% |
| Oklahoma | $2,316 | $58 | 2.6% |
| Oregon | $2,070 | -$188 | -8.3% |
| Pennsylvania | $2,152 | -$106 | -4.7% |
| Rhode Island | $3,010 | $752 | 33.3% |
| South Carolina | $2,042 | -$216 | -9.6% |
| South Dakota | $1,904 | -$354 | -15.7% |
| Tennessee | $1,976 | -$282 | -12.5% |
| Texas | $2,720 | $462 | 20.5% |
| Utah | $1,672 | -$586 | -26.0% |
| Vermont | $1,544 | -$714 | -31.6% |
| Virginia | $1,354 | -$904 | -40.0% |
| Washington | $1,742 | -$516 | -22.9% |
| West Virginia | $2,070 | -$188 | -8.3% |
| Wisconsin | $1,564 | -$694 | -30.7% |
| Wyoming | $2,012 | -$246 | -10.9% |
Choosing high deductibles can save as much as $1,010 annually, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $480 extra every year. View Rates by Deductible or Liability Limit
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW i4 M50 | $540 | $1,030 | $510 | $2,298 |
| 2023 BMW i4 M50 | $516 | $990 | $534 | $2,258 |
| 2022 BMW i4 M50 | $494 | $982 | $546 | $2,240 |
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 the Cheapest BMW i4 M50 Insurance
Saving money on insurance for a BMW i4 M50 takes being a safe and courteous driver, maintaining a good credit score, eliminating unnecessary coverage, and deciding if full coverage is necessary. Shop around every year by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
Below is a recap of the coverage data touched on in this article.
- You may be able to save as much as $280 per year just by shopping early and online
- Increasing deductibles can save approximately $1,000 each year
- Teenage drivers are charged the highest rates, with premiums as much as $683 per month if the policy includes full coverage
- Drivers considered higher risk that have major violations or accidents pay on average $2,640 more each year for auto insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $8,198 |
| 20 | $5,224 |
| 30 | $2,372 |
| 40 | $2,258 |
| 50 | $2,058 |
| 60 | $2,022 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,924 |
| $250 | $2,614 |
| $500 | $2,258 |
| $1,000 | $1,916 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $2,258 |
| 50/100 | $2,365 |
| 100/300 | $2,498 |
| 250/500 | $2,845 |
| 100 CSL | $2,418 |
| 300 CSL | $2,712 |
| 500 CSL | $2,926 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $11,758 |
| 20 | $8,314 |
| 30 | $5,024 |
| 40 | $4,896 |
| 50 | $4,668 |
| 60 | $4,626 |
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 | $122 |
| Multi-vehicle | $117 |
| Homeowner | $31 |
| 5-yr Accident Free | $176 |
| 5-yr Claim Free | $148 |
| Paid in Full/EFT | $111 |
| Advance Quote | $116 |
| Online Quote | $163 |
| Total Discounts | $984 |
Discounts are estimated and may not be available from every company or in every state.
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