BMW I4 M50 Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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U.S. average insurance rates for a BMW i4 M50 are $2,240 a year with full coverage. Comprehensive insurance costs on average $494, collision insurance costs $982, and liability insurance costs around $546. Liability-only coverage costs as low as $630 a year, and high-risk coverage costs $4,872 or more. Teens pay the highest rates at up to $8,192 a year.
Average premium for full coverage: $2,240
Price estimates by individual coverage:
These estimates include $500 deductibles, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all U.S. states and for different 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 the low end price of $630 for just the minimum liability insurance to a much higher rate of $4,872 for a high-risk insurance policy.
Geographic Price Range
Where you live has a significant impact on auto insurance rates. Rural areas have lower incidents of collision claims than cities with more traffic congestion. The price range example below illustrates how where you live affects car insurance rates.
The ranges above demonstrate why anyone shopping for car insurance should compare prices based on a specific location, rather than relying on 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.
Additional Rate Analysis
The chart below details average BMW i4 M50 insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $1,261
- Using higher $1,000 deductibles will save around $334 annually
- The estimated price for the average middle-age driver with $500 deductibles is $2,240
- Selecting more expensive low deductibles for physical damage coverage will cost an additional $656 a year
- Drivers with serious driving violations could pay upwards of $4,872
- The price that insures a teen driver with full coverage may cost $8,192 or more
Auto insurance prices for a BMW i4 M50 are also quite variable based on the model year and trim level, your age and driving habits, and policy deductibles and limits.
If you have some driving violations or you caused an accident, you may be forking out at a minimum $2,600 to $3,600 in extra premium each year, depending on your age. High-risk driver insurance can be anywhere from 44% to 129% more than the average policy. View High Risk Driver Rates
An older driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $2,100 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay upwards of $8,100 a year. View Rates by Age
The state you live in has a huge impact on BMW i4 M50 insurance rates. A driver around age 40 might see prices as low as $1,610 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $3,020 on average in Florida, Michigan, and New York.
| 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% |
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $990 each year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $492 extra every year. View Rates by Deductible or Liability Limit
| 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 Find Cheap BMW i4 M50 Insurance
Getting lower rates on BMW i4 M50 insurance requires not taking risks behind the wheel, maintaining a good credit score, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Compare rates at least every other year by getting quotes from direct companies, and also from several local insurance agents.
The following is a brief summary of the car insurance concepts touched on in the above illustrations.
- High-risk drivers that tend to have accidents or serious violations pay on average $2,630 more each year for i4 M50 insurance
- You may be able to save as much as $280 per year just by shopping early and online
- Increasing physical damage deductibles can save approximately $1,000 each year
- Drivers who require higher liability limits will pay approximately $600 every year to increase from a low limit to the 250/500 level
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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