BMW i4 Insurance Costs Revealed: 2025 Rate Guide

How much does car insurance cost for a BMW i4?

From the eDrive35 trim level to the higher cost M50 Gran Coupe trim, we compiled insurance rates for the i4 to see how average policy premiums ranks against the midsize luxury car segment.

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  • BMW i4 insurance rates cost $2,734 per year on average, or about $228 per month, for a policy with full coverage.
  • The cheapest BMW i4 insurance is on the eDrive35 trim at an estimated $2,584 per year, while the M50 Gran Coupe model costs $2,896 per year.
  • The BMW i4 is one of the cheaper midsize luxury cars to insure for 2024, costing $140 less per year on average when compared to the rest of the vehicles in the segment.

How much does BMW i4 insurance cost?

Expect to pay approximately $2,734 a year to insure a BMW i4 for full coverage. Average cost per month ranges from $215 to $241, depending on the trim level.

Your location, age, driving record, and claims history can have a significant impact on the final price for coverage. The rate summary chart below shows some different situations where BMW i4 insurance rates can be cheaper or more expensive than the average.

Average 2024 BMW i4 insurance premiums for different driver ages and risk scenarios.
Figure 1: Average 2024 BMW i4 insurance premiums for different driver ages and risk scenarios. Rates updated on June 26, 2025.

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Data Methodology: Average rates are for a 2024 model year BMW i4 with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all BMW i4 trim levels.

2024 BMW i4 Insurance Cost Summary
Driver Risk Profile Annual Premium Cost Per Month
High Risk Driver Age 30$6,282$524
Safe Driver Age 20$5,498$458
At-fault Accidents Age 40$3,858$322
Low Deductibles Age 40$3,622$302
Safe Driver Age 30$2,922$244
Safe Driver Age 40$2,734$228
Safe Driver Age 50$2,414$201
High Deductibles Age 40$2,280$190
Discount Rate Age 40$2,270$189
Safe Driver Age 60$2,258$188

Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2024 BMW i4 trim levels. Updated June 26, 2025

The table below details the estimated annual and 6-month policy costs, including a monthly budget amount, for each BMW i4 package and trim level available for the 2024 model year.

2024 BMW i4 Insurance Rates by Trim Level
2024 BMW i4 Trim Level Annual Premium Cost Per Month
eDrive35$2,584$215
eDrive40$2,692$224
xDrive40$2,768$231
M50 Gran Coupe$2,896$241

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. Updated June 26, 2025

Insurance cost by trim level for a 2024 BMW i4 ranging from the eDrive35 model at $2,584 per year to the M50 Gran Coupe model at $2,896
Insurance cost by trim level for a 2024 BMW i4 ranging from the eDrive35 model at $2,584 per year to the M50 Gran Coupe model at $2,896

Is insurance expensive for a BMW i4?

When compared to other midsize luxury cars, car insurance rates for a BMW i4 cost $288 more per year than the Lexus ES 350, $114 less than the BMW 530i, and $84 more than the Infiniti Q50.

The BMW i4 ranks 15th out of 34 total comparison vehicles in the 2024 midsize luxury car category for car insurance affordability. The i4 costs an average of $2,734 per year for full coverage insurance, while the segment average cost is $2,874 per year, a difference of $140 per year.

The table displayed below ranks insurance cost for the entire segment, comparing the cost of BMW i4 insurance to other popular midsize luxury cars like the Audi A6, Acura ILX, and the Mercedes-Benz CLA250.

Insurance Cost Comparison: BMW i4 vs Midsize Luxury Cars
Rank Make and Model Annual Premium Difference
1Mercedes-Benz CLA250$2,410-$324
2Lexus IS 300$2,414-$320
3Lexus ES 350$2,446-$288
4Mercedes-Benz AMG CLA35$2,456-$278
5Lexus RC 300$2,462-$272
6Jaguar XF$2,476-$258
7Cadillac CT5$2,526-$208
8Lexus ES 250$2,534-$200
9Lexus ES 300h$2,572-$162
10Audi A3$2,634-$100
11Infiniti Q50$2,650-$84
12Mercedes-Benz AMG CLA45$2,682-$52
13Audi S4$2,692-$42
14Mercedes-Benz EQE 350$2,724-$10
15BMW i4$2,734--
16Lexus IS 500$2,770$36
17BMW 530i$2,848$114
18Audi S5$2,890$156
19BMW 540i$2,900$166
20BMW 430i$2,940$206
21BMW i5$2,960$226
22Genesis G80$2,976$242
23Mercedes-Benz EQE 500$3,008$274
24Mercedes-Benz AMG C43$3,024$290
25Audi A6$3,036$302
26Tesla Model S$3,070$336
27BMW 530e$3,100$366
28Audi RS 5$3,106$372
29Audi S6$3,128$394
30BMW M440i$3,206$472
31Audi A7$3,268$534
32Lexus LC 500h$3,508$774
33Audi S7$3,624$890
34BMW M8$3,948$1,214

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 vehicle from the 2024 model year. Updated June 27, 2025

At $2,734 per year, insurance cost for a 2024 BMW i4 ranks 15th out of 34 models in the midsize luxury car segment
At $2,734 per year, insurance cost for a 2024 BMW i4 ranks 15th out of 34 models in the midsize luxury car segment

Other rates and insights

There are many factors that can influence the price you pay for car insurance. The list below details some of those factors and how they impact BMW i4 insurance cost.

  • Gender and age are two big factors. For a 2024 BMW i4, a 20-year-old male driver pays an average price of $5,498 per year, while a 20-year-old female will pay $3,940, a difference of $1,558 per year in the women’s favor by a large margin. But by age 50, male rates are $2,414 and rates for female drivers are $2,356, a difference of only $58.
  • The higher deductible you choose, the lower the policy cost. Increasing your policy deductibles from $500 to $1,000 could save around $454 per year for a 40-year-old driver and $888 per year for a 20-year-old driver.
  • Choosing a low deductible will increase insurance policy cost. Dropping your deductibles from $500 to $250 could cost an additional $474 per year for a 40-year-old driver and $946 per year for a 20-year-old driver.
  • Good credit equals better rates. Having an excellent credit rating above 800 could save up to $429 per year compared to a good credit rating of 670-739. Conversely, a lesser credit score could cost around $498 more per year.
  • Your employment could earn you discounts. The vast majority of car insurance providers offer discounts for occupations like dentists, doctors, nurses, high school and elementary teachers, members of the military, architects, and others. If you can earn this discount, you could potentially save between $82 and $228 on your car insurance bill, subject to policy limits.
  • Research discounts to save money. Discounts may be available if the insureds are senior citizens, insure their home and car with the same company, sign their policy early, take a defensive driving course, are loyal customers, or many other discounts which could save the average driver as much as $464 per year on the cost of insuring a BMW i4.