BMW I4 M50 Insurance Rates

The average insurance rates for a BMW i4 M50 are $2,240 a year for full coverage insurance. Comprehensive insurance costs around $494 a year, collision insurance costs $982, and liability costs around $546. Buying just liability costs as low as $630 a year, and insurance for high-risk drivers costs $4,872 or more. Teenage drivers cost the most to insure at up to $8,192 a year.

Average premium for full coverage: $2,240

Policy rates for type of insurance:

Prices include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and i4 M50 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance rates. Areas with sparse population are shown to have a lower frequency of physical damage claims than densely populated cities. The diagram below illustrates the effect of geographic area on auto insurance rates.

The examples above illustrate why it is important to compare prices for a specific zip code and risk profile, instead of making a decision based on average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below illustrates average BMW i4 M50 insurance rates for additional coverage choices and driver risks.

• The best discount rate is $1,261
• Using higher $1,000 deductibles will save about $1,906 each year
• The average rate for a good driver age 40 using $500 deductibles is $2,240
• Using low $100 deductibles for physical damage coverage will cost an extra $656 annually
• High-risk insureds who are prone to accidents and violations could pay at least $4,872
• Policy cost for full coverage for a 16-year-old driver can be $8,192 or more

View Chart as Image

Insurance rates for a BMW i4 M50 also range considerably based on your risk profile, the model year and trim level, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may pay as low as $2,100 a year, or $175 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay as much as $8,100 a year. View Rates by Age

Your home state has a huge impact on BMW i4 M50 insurance prices. A driver around age 40 might see rates as low as $1,460 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $3,020 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $990 annually, while buying higher liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $492 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at least $2,600 to $3,600 extra every year, depending on your age. A high-risk auto insurance policy can be from 44% to 129% more than a normal policy. View High Risk Driver Rates

How to Find the Right BMW i4 M50 Insurance

Finding cheaper rates on insurance for a BMW i4 M50 requires being a low-risk driver, maintaining good credit, being claim-free, and dropping full coverage on older vehicles. Take the time to compare rates every other policy renewal by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The items below are a quick rundown of the ideas that were covered in the above illustrations.

• Teen drivers pay higher rates, possibly costing $683 each month for full coverage
• Drivers considered higher risk with reckless driving or DUI convictions may pay on average $2,630 more every year to insure their i4 M50
• Increasing comprehensive and collision deductibles can save around $1,000 each year
• It is possible to save up to $280 per year just by quoting early and online