BMW i4 Car Insurance Cost (2022)

How much does BMW i4 car insurance cost? We analyzed insurance rates for the eDrive and xDrive models to find out how prices measure up to competitors.

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  • BMW i4 insurance rates cost $1,740 per year on average, or about $145 per month, for a policy with full coverage.
  • The cheapest BMW i4 insurance is on the eDrive trim at an estimated $1,674 per year, while the M50 xDrive model costs $1,806 per year.
  • The BMW i4 is one of the cheaper midsize luxury cars to insure for 2022, costing $278 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 $1,740 a year to insure a BMW i4 for full coverage. Average cost per month ranges from $140 to $151, 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 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. Physical damage 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.Data last updated on June 23, 2022
BMW i4 Insurance Cost Summary
BMW i4 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,948$329
Safe Driver Age 20$3,458$288
At-fault Accidents Age 40$2,438$203
Low Deductibles Age 40$2,318$193
Safe Driver Age 30$1,848$154
Safe Driver Age 40$1,740$145
Safe Driver Age 50$1,582$132
Safe Driver Age 60$1,554$130
High Deductibles Age 40$1,444$120
Discount Rate Age 40$1,444$120

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 2022 model year.

2022 BMW i4 Insurance Cost by Trim Level
BMW i4 Trim Level Annual Policy 6-month Policy Per Month
eDrive$1,674$837$140
M50 xDrive$1,806$903$151

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 BMW i4, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 23, 2022
BMW i4 Insurance Cost by Trim Level

Is insurance expensive for a BMW i4?

When compared to other midsize luxury cars, car insurance rates for a BMW i4 cost $54 less per year than the Lexus ES 350, $150 less than the BMW 530i, and $484 less than the Infiniti Q50.

The BMW i4 ranks #4 out of 38 total comparison vehicles in the 2022 midsize luxury car category for car insurance affordability. The i4 costs an average of $1,740 per year for full coverage insurance, while the segment average cost is $2,018 per year, a difference of $278 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/Model Insurance Cost Difference
1Acura ILX$1,404-$336
2Lexus RC 300$1,690-$50
3Mercedes-Benz AMG CLA35$1,732-$8
4BMW i4$1,740--
5Cadillac CT5$1,744$4
6Audi A3$1,762$22
7Mercedes-Benz AMG CLA45$1,770$30
8Mercedes-Benz CLA250$1,782$42
9Lexus ES 250$1,784$44
10Lexus IS 300$1,786$46
11Lexus ES 350$1,794$54
12Genesis G80$1,832$92
13Audi S5$1,854$114
14BMW 530i$1,890$150
15Lexus ES 300h$1,896$156
16Mercedes-Benz E350$1,908$168
17BMW 530e$1,926$186
18BMW 540i$1,930$190
19Audi S4$1,938$198
20BMW M440i$1,940$200
21Mercedes-Benz E450$1,948$208
22Audi A6$2,000$260
23Jaguar XF$2,006$266
24Lexus IS 500$2,028$288
25BMW 430i$2,050$310
26Mercedes-Benz CLS450$2,064$324
27Audi RS 5$2,166$426
28Mercedes-Benz AMG C43$2,186$446
29Audi S6$2,198$458
30Infiniti Q50$2,224$484
31Mercedes-Benz AMG C63$2,254$514
32BMW M550i$2,340$600
33Audi A7$2,394$654
34Tesla Model S$2,434$694
35Lexus LC 500h$2,464$724
36Audi S7$2,590$850
37BMW M8$2,606$866
38BMW M5$2,636$896

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2022 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on June 23, 2022
Insurance Cost Comparison: BMW i4 vs Midsize Luxury Cars

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 2022 BMW i4, a 20-year-old male driver pays an average price of $3,458 per year, while a 20-year-old female will pay $2,556, a difference of $902 per year in the women’s favor by a large margin. But by age 50, male rates are $1,582 and rates for female drivers are $1,552, a difference of only $30.
  • The higher deductible you choose, the lower the policy cost. Increasing your policy deductibles from $500 to $1,000 could save around $296 per year for a 40-year-old driver and $578 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 $308 per year for a 40-year-old driver and $612 per year for a 20-year-old driver.
  • Good credit equals better rates. Having an excellent credit rating above 800 could save up to $273 per year compared to a good credit rating of 670-739. Conversely, a lesser credit score could cost around $317 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 $52 and $159 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 $296 per year on the cost of insuring a BMW i4.