BMW I4 M50 Insurance Rates
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW i4 M50 are $2,240 a year for full coverage insurance. Comprehensive costs an estimated $494, collision costs $982, and liability insurance costs $546. Buying just liability costs as little as $630 a year, with insurance for high-risk drivers costing around $4,872. Teen drivers receive the highest rates at $8,192 a year or more.
Average premium for full coverage: $2,240
Rate estimates broken down by individual coverage type:
Estimates include $500 physical damage deductibles, 30/60 liability coverage, and includes UM/UIM and medical coverage. Rates are averaged for all 50 states and for different i4 M50 trim levels.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range go from as low as $630 for a discount liability-only rate to a much higher rate of $4,872 for a policy for a high-risk driver.
Price Range by Location
Your location has a significant impact on the price of insurance. More rural locations tend to have a lower frequency of physical damage claims than larger metro areas.
The price range example below illustrates the difference location can make on insurance prices.
These examples illustrate why anyone shopping for car insurance should compare rates for a targeted area and risk profile, rather than relying on 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.
Rates by State, City, and Model
The chart below illustrates estimated BMW i4 M50 insurance rates for other coverage scenarios.
- The lowest rate with discounts is $1,261
- Drivers who choose higher $1,000 deductibles will pay approximately $334 each year
- The average rate for a 40-year-old driver who has $500 deductibles is $2,240
- Choosing more expensive low deductibles for comprehensive and collision insurance will increase the cost to $2,896
- High risk drivers with multiple violations and an at-fault accident could pay up to $4,872 or more
- The cost for full coverage for a teen driver with full coverage can cost as much as $8,192 a year
Auto insurance rates for a BMW i4 M50 can also vary considerably based on your driver profile, the model year and trim level, and liability limits and deductibles.
An older driver with a good driving record and high deductibles could pay as little as $2,100 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay at least $8,100 a year. View Rates by Age
Where you live makes a big difference in BMW i4 M50 insurance rates. A 40-year-old driver could pay as low as $1,460 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $3,020 on average in Florida, New York, and Michigan.
| 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 high deductibles could save up to $990 each year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost as much as $492 extra every year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are probably paying $2,600 to $3,600 in extra premium per year, depending on your age. High-risk driver insurance can cost anywhere from 44% to 129% more than average. View High Risk Driver Rates
With so much variability in rates, the only way to figure out which company is cheapest is to compare rates from as many companies as possible. Every company uses a different rate calculation, and quoted rates can be significantly different from one company to the next.
| 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 Low Cost BMW i4 M50 Insurance
Saving money on BMW i4 M50 insurance not only requires being a safe and courteous driver, but also having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Make time to compare rates every year by requesting quotes from direct insurance companies like GEICO and Progressive, and also from several local insurance agents.
Below is a review of the coverage data touched on in this article.
- It is possible to save approximately $280 per year simply by shopping early and online
- Increasing deductibles can save around $1,000 each year
- Teenage drivers are the costliest to insure, costing up to $683 per month if they have full coverage
- High-risk drivers who have several accidents or serious violations pay on average $2,630 more annually for auto 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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