BMW I4 M50 Insurance Rates
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UPDATED: Mar 28, 2024
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U.S. average insurance rates for a BMW i4 M50 are $2,258 a year with full coverage. Comprehensive insurance costs on average $516 each year, collision costs $990, and liability coverage is $534. A policy with just liability insurance costs around $620 a year, with coverage for high-risk drivers costing $4,896 or more. Teens pay the highest rates at $8,198 a year or more.
Average premium for full coverage: $2,258
Price estimates by individual coverage:
These estimates include $500 deductible amounts, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and i4 M50 models.
Price Range from Low to High
For a driver around age 40, BMW i4 M50 insurance prices go from as low as $620 for just liability coverage to a high rate of $4,896 for a high-risk insurance policy.
Geographic Price Range
Choosing to live in a large city has a large influence on auto insurance rates. Rural areas have a lower frequency of collision claims than cities with more traffic congestion.
The graphic below illustrates the difference between rural and urban areas on car insurance rates.
The ranges above demonstrate why all drivers should compare rates quotes based on a specific location and risk profile, rather than 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.
Detailed Rate Analysis
The chart below details estimated BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $1,274
- Raising to $1,000 deductibles will save around $342 annually
- The average rate for the average middle-age driver with $500 deductibles is $2,258
- Selecting low deductibles will cost an extra $666 each year
- Unlucky drivers with serious driving violations could pay upwards of $4,896 or more
- The price for full coverage for a teenage driver may cost $8,198
Insurance prices for a BMW i4 M50 are also quite variable based on your driving record, the trim level and model year, and policy deductibles and limits.
More mature drivers with a clean driving record and high deductibles may only pay around $2,100 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay upwards of $8,100 a year. View Rates by Age
The state you live in also has a big influence on BMW i4 M50 insurance rates. A middle-age driver might find prices as low as $1,620 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $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 higher comprehensive and collision insurance deductibles can reduce prices by up to $1,010 a year, whereas increasing liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $480 more per year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you may be forking out at a minimum $2,700 to $3,600 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 44% to 134% more than the average policy. View High Risk Driver Rates
Since prices can be so different, the best way to find out exactly what you will pay is to do a rate comparison and see how they stack up. Every auto insurance company calculates prices differently, so the prices may be quite 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 Cheap BMW i4 M50 Insurance
Getting lower rates on auto insurance consists of having a good driving record, maintaining good credit, avoid buying unnecessary coverage, and bundling your home and auto policies. Set aside time to compare rates at least every other year by getting rate quotes from direct companies like Progressive and GEICO, and also from local insurance agents.
The next list is a brief summary of the car insurance concepts covered above.
- Drivers that tend to have accidents or serious violations may be required to pay an average of $2,640 more each year to buy BMW i4 M50 insurance
- You may be able to save as much as $280 per year simply by quoting online in advance
- Increasing physical damage deductibles can save around $1,000 each year
- Consumers who require increased levels of liability coverage will pay approximately $590 every year to raise from a low limit to 250/500 limits
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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