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 auto insurance rates for a BMW i4 M50 are $2,224 annually for full coverage insurance. Comprehensive costs an estimated $478, collision costs $958, and liability is $570. Liability-only insurance costs around $650 a year, with high-risk driver insurance costing around $4,840. Teen drivers pay the highest rates at $8,186 a year or more.
Average premium for full coverage: $2,224
Price estimates broken down by individual coverage:
Price estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 states and for different i4 M50 trim levels.
Price Range from Low to High
For a driver around age 40, BMW i4 M50 insurance prices go from as cheap as $650 for just liability coverage to a much higher rate of $4,840 for a high-risk insurance policy.
Geographic Price Range
Choosing to live in a large city can have significant affects on the price of insurance. More rural locations have fewer physical damage claims than larger metro areas.
The price range example below illustrates the difference between rural and urban areas on insurance prices.
The ranges above illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area 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.
Detailed Rate Analysis
The chart below illustrates estimated BMW i4 M50 insurance rates for other coverage scenarios.
- The lowest rate with discounts is $1,254
- Raising to $1,000 deductibles will save approximately $324 each year
- The estimated rate for the average middle-age driver who has $500 deductibles is $2,224
- Choosing more expensive low deductibles will cost $2,860
- At-risk drivers with multiple violations and an at-fault accident could pay up to $4,840 or more
- The price with full coverage for a teen driver with full coverage can cost as much as $8,186
Car insurance prices for a BMW i4 M50 are also quite variable based on the trim level and model year, your risk profile, and liability limits and deductibles.
An older driver with no driving violations and high physical damage deductibles may pay as little as $2,000 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 at least $8,100 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you are probably paying $2,600 to $3,600 extra each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 44% to 130% more than average. View High Risk Driver Rates
Choosing high deductibles can reduce prices by up to $960 every year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $513 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 $1,450 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $3,000 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $2,010 | -$214 | -9.6% |
| Alaska | $1,704 | -$520 | -23.4% |
| Arizona | $1,846 | -$378 | -17.0% |
| Arkansas | $2,224 | -$0 | 0.0% |
| California | $2,534 | $310 | 13.9% |
| Colorado | $2,124 | -$100 | -4.5% |
| Connecticut | $2,284 | $60 | 2.7% |
| Delaware | $2,514 | $290 | 13.0% |
| Florida | $2,780 | $556 | 25.0% |
| Georgia | $2,056 | -$168 | -7.6% |
| Hawaii | $1,598 | -$626 | -28.1% |
| Idaho | $1,508 | -$716 | -32.2% |
| Illinois | $1,656 | -$568 | -25.5% |
| Indiana | $1,676 | -$548 | -24.6% |
| Iowa | $1,504 | -$720 | -32.4% |
| Kansas | $2,112 | -$112 | -5.0% |
| Kentucky | $3,034 | $810 | 36.4% |
| Louisiana | $3,292 | $1,068 | 48.0% |
| Maine | $1,374 | -$850 | -38.2% |
| Maryland | $1,834 | -$390 | -17.5% |
| Massachusetts | $1,778 | -$446 | -20.1% |
| Michigan | $3,862 | $1,638 | 73.7% |
| Minnesota | $1,862 | -$362 | -16.3% |
| Mississippi | $2,662 | $438 | 19.7% |
| Missouri | $1,972 | -$252 | -11.3% |
| Montana | $2,390 | $166 | 7.5% |
| Nebraska | $1,752 | -$472 | -21.2% |
| Nevada | $2,666 | $442 | 19.9% |
| New Hampshire | $1,600 | -$624 | -28.1% |
| New Jersey | $2,484 | $260 | 11.7% |
| New Mexico | $1,968 | -$256 | -11.5% |
| New York | $2,342 | $118 | 5.3% |
| North Carolina | $1,282 | -$942 | -42.4% |
| North Dakota | $1,820 | -$404 | -18.2% |
| Ohio | $1,536 | -$688 | -30.9% |
| Oklahoma | $2,280 | $56 | 2.5% |
| Oregon | $2,038 | -$186 | -8.4% |
| Pennsylvania | $2,120 | -$104 | -4.7% |
| Rhode Island | $2,966 | $742 | 33.4% |
| South Carolina | $2,012 | -$212 | -9.5% |
| South Dakota | $1,876 | -$348 | -15.6% |
| Tennessee | $1,944 | -$280 | -12.6% |
| Texas | $2,680 | $456 | 20.5% |
| Utah | $1,648 | -$576 | -25.9% |
| Vermont | $1,520 | -$704 | -31.7% |
| Virginia | $1,332 | -$892 | -40.1% |
| Washington | $1,716 | -$508 | -22.8% |
| West Virginia | $2,038 | -$186 | -8.4% |
| Wisconsin | $1,540 | -$684 | -30.8% |
| Wyoming | $1,982 | -$242 | -10.9% |
Since prices can be so different, the only way to figure out which car insurance is cheapest is to compare prices and see which company has the best price. Every auto insurance company uses a different rate calculation, so rate quotes may be quite different between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW i4 M50 | $494 | $982 | $546 | $2,240 |
| 2023 BMW i4 M50 | $478 | $958 | $570 | $2,224 |
| 2022 BMW i4 M50 | $462 | $918 | $588 | $2,186 |
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 consists of being a safe and courteous driver, having a good credit score, not filing small claims, and not having any coverage lapses. Set aside time to compare rates at least every other year by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.
Below is a condensed summary of the car insurance concepts covered above.
- Higher risk drivers with multiple at-fault accidents may pay on average $2,620 more annually for auto insurance
- It is possible to save approximately $280 per year simply by shopping early and online
- Increasing physical damage deductibles could save up to $950 each year
- Policyholders who want higher levels of liability will pay about $630 annually to raise from a low limit to higher 250/500 limits
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $8,186 |
| 20 | $5,170 |
| 30 | $2,334 |
| 40 | $2,224 |
| 50 | $2,032 |
| 60 | $1,994 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,860 |
| $250 | $2,564 |
| $500 | $2,224 |
| $1,000 | $1,900 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $2,224 |
| 50/100 | $2,338 |
| 100/300 | $2,481 |
| 250/500 | $2,851 |
| 100 CSL | $2,395 |
| 300 CSL | $2,709 |
| 500 CSL | $2,937 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $11,732 |
| 20 | $8,236 |
| 30 | $4,960 |
| 40 | $4,840 |
| 50 | $4,618 |
| 60 | $4,576 |
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 | $120 |
| Multi-vehicle | $117 |
| Homeowner | $31 |
| 5-yr Accident Free | $173 |
| 5-yr Claim Free | $146 |
| Paid in Full/EFT | $108 |
| Advance Quote | $115 |
| Online Quote | $160 |
| Total Discounts | $970 |
Discounts are estimated and may not be available from every company or in every state.
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