BMW I4 M50 Insurance Rates
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UPDATED: Mar 28, 2024
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Average auto insurance rates for a BMW i4 M50 are $2,240 annually for full coverage insurance. Comprehensive costs around $494, collision insurance costs $982, and liability is estimated at $546. Buying just liability costs approximately $630 a year, and insurance for high-risk drivers costs around $4,872. Teens receive the highest rates at up to $8,192 a year.
Average premium for full coverage: $2,240
Rate estimates for individual coverage type:
Rate estimates include $500 policy deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 states and for all i4 M50 models.
Price Range by Coverage and Risk
For an average driver, prices range range from as cheap as $630 for a discount liability-only rate to the much higher price of $4,872 for high-risk insurance.
Price Range by Location
Living in a larger city can have significant affects on car insurance rates. Areas with sparse population tend to have fewer physical damage claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on auto insurance rates.
These examples illustrate why everyone should get quotes for a specific zip code and their own personal driving habits, instead of using averaged prices.
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.
Rates by State, City, and Model
The chart below illustrates average BMW i4 M50 insurance rates for additional coverage choices and driver risks.
- The cheapest rate after discounts is $1,261
- Choosing higher $1,000 deductibles can save about $334 each year
- The estimated rate for a 40-year-old driver using $500 deductibles is $2,240
- Selecting pricier low deductibles for comp and collision coverage will cost $2,896
- Unlucky drivers with serious driving violations could pay at least $4,872
- The cost with full coverage for a teen driver for full coverage can be $8,192 each year
Auto insurance rates for a BMW i4 M50 can also vary considerably based on the trim level of your i4 M50, your risk profile, and deductibles and policy limits.
A more mature driver with a good driving record and high physical damage deductibles may pay as little as $2,100 annually on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay as much as $8,100 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are probably paying at least $2,600 to $3,600 in extra premium per year, depending on your age. BMW i4 M50 insurance for high-risk drivers ranges as much as 44% to 129% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles can save as much as $990 every year, whereas buying more liability protection will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $492 extra every year. View Rates by Deductible or Liability Limit
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 $1,460 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $3,020 on average in Michigan, New York, and Florida.
| 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% |
| 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 Buy the Best BMW i4 M50 Insurance
Saving money on car insurance takes avoiding accidents and claims, having above-average credit, avoid buying unnecessary coverage, and possibly raising deductibles. Take the time to compare rates every couple of years by requesting quotes from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.
The points below are a brief recap of the material that was covered in the above illustrations.
- Policyholders who may need increased liability limits will pay approximately $600 annually to raise limits from a minimum limit to higher 250/500 limits
- Drivers under the age of 20 are expensive to insure, costing up to $683 per month if full coverage is included
- Higher risk drivers who tend to receive serious violations pay on average $2,630 more every year to insure a BMW i4 M50
- Increasing deductibles could save up to $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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