BMW i4 Car Insurance Cost (2023)

How much does car insurance cost for a BMW i4?

From the eDrive35 trim level to the higher cost M50 xDrive trim, we compiled insurance rates for the i4 to see how average policy premiums ranks against the 2023 midsize luxury car segment.

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  • BMW i4 insurance rates cost $2,040 per year on average, or about $170 per month, for a policy with full coverage.
  • The cheapest BMW i4 insurance is on the eDrive35 trim at an estimated $1,944 per year, while the M50 xDrive model costs $2,158 per year.
  • The BMW i4 is one of the cheaper midsize luxury cars to insure for 2023, costing $202 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 $2,040 a year to insure a BMW i4 for full coverage. Average cost per month ranges from $162 to $180, 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.

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Chart Data Details: Average rates are for a 2023 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 December 29, 2022
BMW i4 Insurance Cost Summary
BMW i4 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,640$387
Safe Driver Age 20$4,062$339
At-fault Accidents Age 40$2,870$239
Low Deductibles Age 40$2,692$224
Safe Driver Age 30$2,158$180
Safe Driver Age 40$2,040$170
Safe Driver Age 50$1,858$155
Safe Driver Age 60$1,824$152
High Deductibles Age 40$1,706$142
Discount Rate Age 40$1,694$141

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 2023 model year.

2023 BMW i4 Insurance Cost by Trim Level
BMW i4 Trim Level Annual Policy 6-month Policy Per Month
eDrive35$1,944$972$162
eDrive40$2,018$1,009$168
M50 xDrive$2,158$1,079$180

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Table Data Details: Average rates are for a 2023 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 December 30, 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 $138 more per year than the Lexus ES 350, $82 less than the BMW 530i, and $418 less than the Infiniti Q50.

The BMW i4 ranks 12th out of 38 total comparison vehicles in the 2023 midsize luxury car category for car insurance affordability. The i4 costs an average of $2,040 per year for full coverage insurance, while the segment average cost is $2,242 per year, a difference of $202 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
1Cadillac CT5$1,898-$142
2Lexus ES 350$1,902-$138
3Lexus ES 250$1,914-$126
4Lexus RC 300$1,920-$120
5Mercedes-Benz AMG CLA35$1,924-$116
6Audi A3$1,928-$112
7Mercedes-Benz AMG CLA45$1,968-$72
8Mercedes-Benz CLA250$1,978-$62
9Lexus IS 300$1,986-$54
10Jaguar XF$1,988-$52
11Audi S4$2,030-$10
12BMW i4$2,040--
13Mercedes-Benz E350$2,054$14
14Lexus ES 300h$2,082$42
15BMW 530i$2,122$82
16Audi A6$2,164$124
17Audi S5$2,166$126
18BMW 540i$2,170$130
19BMW 430i$2,206$166
20Lexus IS 500$2,212$172
21Mercedes-Benz E450$2,232$192
22Genesis G80$2,238$198
23Mercedes-Benz CLS450$2,296$256
24Mercedes-Benz EQE 350$2,312$272
25Audi RS 5$2,318$278
26BMW 530e$2,330$290
27Audi S6$2,354$314
28Mercedes-Benz AMG C43$2,358$318
29BMW M440i$2,362$322
30Mercedes-Benz EQE 500$2,364$324
31Audi A7$2,456$416
32Infiniti Q50$2,458$418
33Lexus LC 500h$2,640$600
34BMW M550i$2,644$604
35Tesla Model S$2,704$664
36Audi S7$2,720$680
37BMW M5$2,800$760
38BMW M8$2,954$914

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2023 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 December 30, 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 2023 BMW i4, a 20-year-old male driver pays an average price of $4,062 per year, while a 20-year-old female will pay $3,006, a difference of $1,056 per year in the women’s favor by a large margin. But by age 50, male rates are $1,858 and rates for female drivers are $1,818, a difference of only $40.
  • The higher deductible you choose, the lower the policy cost. Increasing your policy deductibles from $500 to $1,000 could save around $334 per year for a 40-year-old driver and $654 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 $348 per year for a 40-year-old driver and $690 per year for a 20-year-old driver.
  • Good credit equals better rates. Having an excellent credit rating above 800 could save up to $320 per year compared to a good credit rating of 670-739. Conversely, a lesser credit score could cost around $371 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 $61 and $178 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 $346 per year on the cost of insuring a BMW i4.