2023 BMW i4 Car Insurance Calculator

Learn and understand how decisions you make impact the cost of insurance for a 2023 BMW i4. Fine-tune factors like policy discounts, i4 trim level, driving record, and coverage amounts. Know immediately if insurance rates get cheaper or more expensive.

The average estimated car insurance premium for a 2023 BMW i4 is $2,636 per year, or about $220 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,636

Cost Per Month

$220

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW i4 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 BMW i4.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,636
Average Rate
Your Rate
$2,636

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 BMW i4 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 BMW i4 is $2,636.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 BMW i4 vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2023 BMW i4 against all other models in the midsize luxury car segment. The BMW i4 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW i4, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW i4.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 BMW i4 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Cadillac CT5$2,450-$186
2Lexus ES 350$2,460-$176
3Lexus ES 250$2,472-$164
4Lexus RC 300$2,482-$154
5Mercedes-Benz AMG CLA35$2,488-$148
6Audi A3$2,492-$144
7Mercedes-Benz AMG CLA45$2,546-$90
8Mercedes-Benz CLA250$2,554-$82
9Lexus IS 300$2,568-$68
10Jaguar XF$2,578-$58
11Audi S4$2,628-$8
12BMW i4$2,636--
13Mercedes-Benz E350$2,654$18
14Lexus ES 300h$2,690$54
15BMW 530i$2,742$106
16Audi A6$2,798$162
17Audi S5$2,802$166
18BMW 540i$2,808$172
19BMW 430i$2,856$220
20Lexus IS 500$2,858$222
21Mercedes-Benz E450$2,886$250
22Genesis G80$2,892$256
2023 Midsize Luxury Car Average$2,899$263
23Mercedes-Benz CLS450$2,968$332
24Mercedes-Benz EQE 350$2,988$352
25Audi RS 5$2,996$360
26BMW 530e$3,014$378
27Audi S6$3,044$408
28Mercedes-Benz AMG C43$3,048$412
29BMW M440i$3,052$416
30Mercedes-Benz EQE 500$3,056$420
31Audi A7$3,176$540
32Infiniti Q50$3,180$544
33Lexus LC 500h$3,414$778
34BMW M550i$3,420$784
35Tesla Model S$3,498$862
36Audi S7$3,520$884
37BMW M5$3,624$988
38BMW M8$3,824$1,188

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 i4 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW i4.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 BMW i4 Insurance Rates by Trim Level
2023 BMW i4 Trim Level Annual Premium Cost Per Month
eDrive35$2,512$209
eDrive40$2,608$217
M50 xDrive$2,790$233

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW i4 for different driver ages.

2023 BMW i4 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,337$778
17$9,071$756
18$8,174$681
19$7,427$619
20$5,700$475
21$5,439$453
22$4,876$406
23$3,987$332
24$3,776$315
25$3,066$256
30$2,816$235
35$2,706$226
40$2,636$220
45$2,460$205
50$2,326$194
55$2,174$181
60$2,180$182
65$2,322$194
70$2,504$209
75$2,934$245
80$3,614$301

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW i4 trim levels.