- BMW i4 insurance rates cost $2,800 per year on average, or about $233 per month, for a policy with full coverage.
- The cheapest BMW i4 insurance is on the eDrive35 trim at an estimated $2,646 per year, while the M50 Gran Coupe model costs $2,964 per year.
- The BMW i4 is one of the cheaper midsize luxury cars to insure for 2024, costing $144 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 $2,800 a year to insure a BMW i4 for full coverage. Average cost per month ranges from $221 to $247, 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.
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 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| eDrive35 | $2,646 | $221 |
| eDrive40 | $2,756 | $230 |
| xDrive40 | $2,834 | $236 |
| M50 Gran Coupe | $2,964 | $247 |
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 October 24, 2025
Is insurance expensive for a BMW i4?
When compared to other midsize luxury cars, car insurance rates for a BMW i4 cost $294 more per year than the Lexus ES 350, $116 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 $2,800 per year for full coverage insurance, while the segment average cost is $2,944 per year, a difference of $144 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $2,468 | -$332 |
| 2 | Lexus IS 300 | $2,474 | -$326 |
| 3 | Lexus ES 350 | $2,506 | -$294 |
| 4 | Mercedes-Benz AMG CLA35 | $2,516 | -$284 |
| 5 | Lexus RC 300 | $2,522 | -$278 |
| 6 | Jaguar XF | $2,538 | -$262 |
| 7 | Cadillac CT5 | $2,586 | -$214 |
| 8 | Lexus ES 250 | $2,596 | -$204 |
| 9 | Lexus ES 300h | $2,634 | -$166 |
| 10 | Audi A3 | $2,698 | -$102 |
| 11 | Infiniti Q50 | $2,716 | -$84 |
| 12 | Mercedes-Benz AMG CLA45 | $2,748 | -$52 |
| 13 | Audi S4 | $2,760 | -$40 |
| 14 | Mercedes-Benz EQE 350 | $2,792 | -$8 |
| 15 | BMW i4 | $2,800 | -- |
| 16 | Lexus IS 500 | $2,836 | $36 |
| 17 | BMW 530i | $2,916 | $116 |
| 18 | Audi S5 | $2,958 | $158 |
| 19 | BMW 540i | $2,974 | $174 |
| 20 | BMW 430i | $3,014 | $214 |
| 21 | BMW i5 | $3,030 | $230 |
| 22 | Genesis G80 | $3,046 | $246 |
| 23 | Mercedes-Benz EQE 500 | $3,080 | $280 |
| 24 | Mercedes-Benz AMG C43 | $3,102 | $302 |
| 25 | Audi A6 | $3,108 | $308 |
| 26 | Tesla Model S | $3,146 | $346 |
| 27 | BMW 530e | $3,176 | $376 |
| 28 | Audi RS 5 | $3,180 | $380 |
| 29 | Audi S6 | $3,204 | $404 |
| 30 | BMW M440i | $3,286 | $486 |
| 31 | Audi A7 | $3,346 | $546 |
| 32 | Lexus LC 500h | $3,592 | $792 |
| 33 | Audi S7 | $3,710 | $910 |
| 34 | BMW M8 | $4,044 | $1,244 |
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 October 24, 2025
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 $5,636 per year, while a 20-year-old female will pay $4,040, a difference of $1,596 per year in the women’s favor by a large margin. But by age 50, male rates are $2,472 and rates for female drivers are $2,414, 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 $466 per year for a 40-year-old driver and $912 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 $486 per year for a 40-year-old driver and $968 per year for a 20-year-old driver.
- Good credit equals better rates. Having an excellent credit rating above 800 could save up to $440 per year compared to a good credit rating of 670-739. Conversely, a lesser credit score could cost around $510 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 $84 and $233 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 $474 per year on the cost of insuring a BMW i4.