BMW I4 M50 Insurance Rates
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UPDATED: Mar 28, 2024
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U.S. average auto insurance rates for a BMW i4 M50 are $2,240 annually for full coverage insurance. Comprehensive insurance costs on average $494 a year, collision insurance costs $982, and liability is estimated at $546. A policy with just liability insurance costs approximately $630 a year, and coverage for high-risk drivers costs $4,872 or more. Teen drivers pay the highest rates at up to $8,192 a year.
Average premium for full coverage: $2,240
Price estimates by individual coverage:
Price estimates include $500 deductible amounts, liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 states and i4 M50 trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, BMW i4 M50 insurance prices range from as cheap as $630 for the bare minimum liability coverage to a high of $4,872 for a driver that may need high-risk insurance.
Geographic Price Range
Living in a larger city can have significant affects on insurance rates. Rural areas have fewer physical damage claims than larger metro areas. The diagram below illustrates how where you live affects car insurance rates.
The ranges above illustrate why it is important to get quotes based on a specific location and their own personal driving habits, instead of using 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.
Additional Rate Information
The chart below illustrates average BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $1,261
- Choosing higher $1,000 deductibles can save around $1,906 each year
- The estimated rate for the average middle-age driver with $500 deductibles is $2,240
- Choosing low $100 deductibles for comp and collision coverage costs an additional $656 every year
- Unlucky drivers with multiple violations and an at-fault accident could pay upwards of $4,872
- The price with full coverage for a teen driver may cost $8,192 each year
Insurance prices for a BMW i4 M50 are also quite variable based on the trim level and model year, your risk profile, and policy deductibles and limits.
Older drivers with a clean driving record and high physical damage deductibles may pay as little as $2,100 annually on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they can expect to pay upwards of $8,100 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you are probably paying at a minimum $2,600 to $3,600 extra each year, depending on your age. A high-risk auto insurance policy ranges as much as 44% to 129% more than average. View High Risk Driver Rates
Choosing high deductibles can save as much as $990 every year, while buying higher liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $492 more per year. View Rates by Deductible or Liability Limit
The state you live in 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 as much as $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 Cheaper BMW i4 M50 Insurance
Getting lower rates on car insurance takes having a good driving record, having a good credit history, not filing small claims, and determing if full coverage is necessary. Take the time to comparison shop once a year by getting price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
The next list is a condensed summary of the data that was touched on in the above illustrations.
- It is possible to save as much as $280 per year just by quoting early and online
- Policyholders who require increased levels of liability coverage will pay about $600 annually to raise limits from a low limit to higher 250/500 limits
- Drivers age 20 and younger pay the highest prices, as much as $683 a month including comprehensive and collision insurance
- Higher risk drivers with multiple at-fault accidents may pay on average $2,630 more each year to buy BMW i4 M50 insurance
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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