BMW I4 M50 Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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Estimated insurance rates for a BMW i4 M50 are $2,240 a year for full coverage. Comprehensive costs on average $494 a year, collision costs $982, and liability insurance is $546. Liability-only insurance costs around $630 a year, with high-risk driver insurance costing around $4,872. 16-year-old drivers pay the most at $8,192 a year or more.
Average premium for full coverage: $2,240
Premium estimates by type of coverage:
These estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all states and i4 M50 trim levels.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a BMW i4 M50 go from the low end price of $630 for your basic liability-only policy to a high of $4,872 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Choosing to live in a large city has a significant impact on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than congested cities.
The diagram below illustrates how location helps determine car insurance rates.
These rate differences show why it is important to compare rates quotes based on a specific location, rather than relying on 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.
More Rate Information
The chart below shows estimated BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,261
- Raising to $1,000 deductibles will save around $1,906 a year
- The estimated price for a 40-year-old good driver with $500 deductibles is $2,240
- Buying low $100 deductibles bumps up the cost to $2,896
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $4,872 or more
- An auto insurance policy that insures a teen driver may cost $8,192
Insurance prices for a BMW i4 M50 also have a wide range based on the trim level of your i4 M50, how you drive, and policy deductibles and limits.
If you have a few violations or you caused an accident, you could be paying at a minimum $2,600 to $3,600 additional annually, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 44% to 129% more than the average rate. View High Risk Driver Rates
Older drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $2,100 every 12 months on average, or $175 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay upwards of $8,100 a year. View Rates by Age
Where you choose to live also has a big influence on BMW i4 M50 insurance rates. A middle-age driver might find prices 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 reduce prices by up to $990 each year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $492 more each year. View Rates by Deductible or Liability Limit
With such a large range in prices, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and prices will be substantially different.
| 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 Cheap BMW i4 M50 Insurance
Finding better rates on BMW i4 M50 insurance consists of avoiding accidents and claims, having a good credit score, not filing small claims, and insuring your home and auto with the same company. Comparison shop at every other renewal by getting rate quotes from direct carriers, and also from local exclusive and independent agents.
The points below are a brief summary of the concepts that were covered in the charts and tables above.
- High-risk drivers that tend to have accidents or serious violations may pay on average $2,630 more each year to insure a BMW i4 M50
- Drivers under the age of 20 pay higher prices, as much as $683 per month if comprehensive and collision insurance is included
- Drivers can save as much as $280 per year simply by quoting early and online
- Increasing policy deductibles can save approximately $1,000 each year
- Drivers can save as much as $280 per year simply by quoting early and online
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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