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 with full coverage. Comprehensive costs an estimated $494 each year, collision costs $982, and liability costs around $546. A liability-only policy costs as low as $630 a year, with high-risk insurance costing around $4,872. Teens 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 policy deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and i4 M50 models.
Price Range by Coverage and Risk
Using a middle-aged driver as an example, prices range go from the low end price of $630 for just liability coverage to a high rate of $4,872 for a driver who requires high-risk insurance.
Price Range by Location
Where you live can make a big difference on car insurance rates. More rural locations tend to have lower incidents of collision claims than cities with more traffic congestion.
The graphic below illustrates how where you live affects insurance prices.
These examples demonstrate why all drivers should compare prices for a targeted area, instead of making a decision based 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.
Detailed Rate Analysis
The chart below details estimated BMW i4 M50 insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,261
- Using higher $1,000 deductibles will save approximately $334 annually
- The estimated price for a 40-year-old driver who has $500 deductibles is $2,240
- Selecting low deductibles for physical damage coverage bumps up the cost to $2,896
- High-risk insureds with serious driving violations could pay up to $4,872 or more
- The cost that insures a 16-year-old driver can cost as much as $8,192 or more
Insurance rates for a BMW i4 M50 can also vary considerably based on the trim level and model year, your age and driving habits, and liability limits and deductibles.
If you like to drive fast or you caused an accident, you may be forking out $2,600 to $3,600 extra per year, depending on your age. Insurance for high-risk drivers can be from 44% to 129% more than the average policy. View High Risk Driver Rates
More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $2,100 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records can expect to pay at least $8,100 a year. View Rates by Age
Where you live has a huge impact on BMW i4 M50 insurance prices. A driver around age 40 might see rates as low as $1,610 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $3,020 on average in New York, Michigan, and Florida.
| 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 rates by as much as $990 annually, whereas increasing liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $492 more per year. View Rates by Deductible or Liability Limit
With so much variability in rates, the best way to find out which company is cheapest is to do a rate comparison from multiple companies. Each insurance company calculates rates differently, so the rates can be significantly different.
| 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 insurance for a BMW i4 M50 requires being a good driver, having above-average credit, eliminating unnecessary coverage, and taking advantage of discounts. Compare rates at every other renewal by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.
The following list is a review of the concepts that were touched on in the above illustrations.
- Drivers considered higher risk who have several accidents or serious violations could be forced to pay on average $2,630 more annually than a safer driver
- Drivers age 16 to 20 are charged the highest rates, with premiums as much as $683 per month if full coverage is included
- You may be able to save approximately $280 per year simply by quoting online in advance
- Increasing deductibles can save approximately $1,000 each year
- You may be able to save approximately $280 per year simply by quoting online in advance
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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