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 costs $990, and liability insurance costs $534. Liability-only coverage costs as little as $620 a year, with high-risk coverage costing around $4,896. Teen drivers receive the highest rates at $8,198 a year or more.
Average premium for full coverage: $2,258
Rate estimates by individual coverage type:
Estimates include $500 deductible amounts, minimum liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for different i4 M50 trim levels.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range go from as low as $620 for just liability insurance to a much higher rate of $4,896 for high-risk insurance.
Price Range by Location
Your location has a significant impact on auto insurance rates. Rural areas tend to have a lower frequency of collision claims than larger metro areas.
The price range example below illustrates how rural and urban location affects car insurance rates.
These examples demonstrate why anyone shopping for car insurance should compare rates based on a specific location and risk profile, rather than relying 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.
More Rate Details
The chart below details estimated BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $1,274
- Drivers who choose higher $1,000 deductibles will pay around $342 annually
- The average rate for a 40-year-old driver with $500 deductibles is $2,258
- Choosing more expensive low deductibles for comprehensive and collision insurance will increase the cost to $2,924
- High risk drivers with multiple violations and an at-fault accident could pay upwards of $4,896 or more
- The cost for full coverage for a teen driver with full coverage may cost $8,198 a year
Car insurance rates for a BMW i4 M50 can also vary considerably based on your driver profile, the trim level and model year, and policy deductibles and limits.
An older driver with no driving violations and high deductibles could pay as little as $2,100 per year 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 makes a big difference in BMW i4 M50 insurance rates. A 40-year-old driver 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 could save up to $1,010 each year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will cost as much as $480 extra every 12 months. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you may be forking out at a minimum $2,700 to $3,600 extra per year, depending on your age. High-risk driver insurance can cost anywhere from 44% to 134% more than average. View High Risk Driver Rates
With so much variability in rates, the best way to find out exactly what you will pay is to compare rates from as many companies as possible. Every company uses a different rate calculation, so rate quotes can be significantly different from one company to the next.
| 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 Low Cost BMW i4 M50 Insurance
Saving money on BMW i4 M50 insurance not only requires having a good driving record, but also having above-average credit, eliminating unnecessary coverage, and maximizing policy discounts. Set aside time to shop around every couple of years by obtaining price quotes from direct companies like GEICO and Progressive, and also from local insurance agents.
The next list is a review of the material that was raised in the charts and tables above.
- Drivers who require increased levels of liability coverage will pay about $590 every year to go from a minimum limit to 250/500 limits
- Drivers age 20 and younger are expensive to insure, with premiums as much as $683 per month if full coverage is included
- High-risk drivers who have several accidents or serious violations may be required to pay an average of $2,640 more each year to buy BMW i4 M50 insurance
- Increasing deductibles can save around $1,000 each year
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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