BMW I4 M50 Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW i4 M50 are $2,224 a year for full coverage. Comprehensive costs an estimated $478, collision costs $958, and liability coverage costs around $570. A policy with just liability insurance costs as low as $650 a year, with coverage for high-risk drivers costing around $4,840. Teenage drivers receive the highest rates at $8,186 a year or more.
Average premium for full coverage: $2,224
Rate estimates broken down by individual coverage type:
Full coverage includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all states and for all i4 M50 models.
Price Range by Coverage and Risk
For a driver around age 40, prices range go from as low as $650 for basic liability insurance to the much higher price of $4,840 for a driver that may need high-risk insurance.
Price Range by Location
Where you live has a large influence on insurance rates. More rural locations tend to have a lower frequency of accident claims than densely populated cities.
The example below illustrates the difference between rural and urban areas on insurance prices.
These examples show why everyone should compare prices for a targeted area and risk profile, rather than using average rates.
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 shows estimated BMW i4 M50 insurance rates for other coverage scenarios.
- The best discount rate is $1,254
- Using higher $1,000 deductibles will save approximately $324 a year
- The average rate for a 40-year-old driver who has $500 deductibles is $2,224
- Using pricier low deductibles for physical damage coverage will increase the cost to $2,860
- Higher-risk drivers who are prone to accidents and violations could pay up to $4,840 or more
- The cost for full coverage for a teenage driver for full coverage can cost as much as $8,186 or more
Insurance rates for a BMW i4 M50 can also vary considerably based on your driver profile, the trim level of your i4 M50, and liability limits and deductibles.
A more mature driver with no violations or accidents and high deductibles may only pay around $2,000 a year for full coverage. Rates are much higher for teen drivers, where even good drivers should be prepared to pay at least $8,100 a year. View Rates by Age
Where you live has a huge impact on BMW i4 M50 insurance rates. A driver around age 40 might see rates as low as $1,470 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $3,170 on average in New York, Louisiana, 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% |
Using high physical damage deductibles could cut rates by as much as $960 a year, whereas buying more liability protection will increase premiums. Going from a 50/100 limit to a 250/500 limit will cost as much as $513 more each year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you could be paying $2,600 to $3,600 additional per year, depending on your age. BMW i4 M50 insurance for high-risk drivers can be around 44% to 130% more than a normal policy. View High Risk Driver Rates
With so much variability in rates, the only way to know which company is cheapest is to regularly compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, and rates can be significantly different from one company to the next.
| 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 Find More Affordable BMW i4 M50 Insurance
Saving money on auto insurance requires having a decent driving record, having a good credit history, eliminating unneeded coverage, and maximizing policy discounts. Set aside time to compare rates once a year by requesting quotes from direct carriers like GEICO and Progressive, and also from local independent and exclusive agents.
The following items are a summary of the data that was covered above.
- Drivers can save approximately $280 per year simply by quoting online well ahead of the renewal date
- Consumers who want additional liability coverage will pay an extra $630 each year to increase from a minimum limit to 250/500 limits
- 16 to 18-year-old drivers are expensive to insure, costing as high as $682 per month including comprehensive and collision insurance
- Drivers who have multiple accidents or major violations pay an average of $2,620 more annually than a driver with a clean driving record
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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