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 $2,258 annually with full coverage. Comprehensive insurance costs around $516, collision costs $990, and liability is $534. Liability-only insurance costs around $620 a year, with high-risk driver insurance costing $4,896 or more. 16-year-old drivers pay the highest rates at $8,198 a year or more.
Average premium for full coverage: $2,258
Price estimates for individual coverage:
Estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all U.S. states and for different i4 M50 trim levels.
Price Range from Low to High
For the average driver, BMW i4 M50 insurance prices go from as cheap as $620 for basic liability insurance to a much higher rate of $4,896 for a high-risk insurance policy.
Geographic Price Range
Choosing to live in a large city can make a big difference on insurance rates. Areas with sparse population have fewer collision claims than congested cities.
The price range example below illustrates how location impacts auto insurance rates.
The ranges above demonstrate why anyone shopping for car insurance should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based 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.
Rate Comparisons
The chart below details estimated BMW i4 M50 insurance rates for additional coverage choices and driver risks.
- The best full coverage rate is $1,274
- Raising to $1,000 deductibles will save about $342 annually
- The estimated rate for the average middle-age driver using $500 deductibles is $2,258
- Buying more expensive low deductibles costs an additional $666 annually
- Drivers with multiple tickets or accidents could pay at least $4,896 or more
- The price with full coverage for a 16-year-old driver with full coverage can be $8,198
Car insurance prices for a BMW i4 M50 are also quite variable based on the trim level and model year, your driving record, and deductibles and policy limits.
An older driver with no driving violations and high physical damage deductibles may pay as low as $2,100 every 12 months on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they will be charged as much as $8,100 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you may be forking out at least $2,700 to $3,600 extra each year, depending on your age. High-risk driver insurance is expensive and can cost from 44% to 134% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can reduce prices by up to $1,010 annually, while increasing your policy's liability limits will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $480 extra every 12 months. View Rates by Deductible or Liability Limit
The state you live in also has a big influence on BMW i4 M50 insurance prices. A middle-age driver might find prices as low as $1,620 a year in states like New Hampshire, Ohio, and Utah, or 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% |
Since prices can be so different, the best way to find out your exact price is to compare prices from multiple companies. Every auto insurance company utilizes a different rate formula, so rate quotes may be quite different between companies.
| 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 Buy Low Cost BMW i4 M50 Insurance
Getting lower rates on insurance for a BMW i4 M50 consists of being a safe and courteous driver, having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Spend time shopping around at least every other year by requesting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
Below is a review of the car insurance concepts touched on above.
- Drivers considered higher risk who have several accidents or serious violations may pay on average $2,640 more every year for auto insurance
- You may be able to save up to $280 per year simply by shopping early and online
- Increasing physical damage deductibles could save up to $1,000 each year
- Insureds who may need higher levels of liability will pay around $590 every year to raise from a low limit to higher 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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