- BMW M4 insurance rates cost $2,832 per year on average, or about $236 per month, for a policy with full coverage.
- When compared to other sports cars, the BMW M4 is one of the more expensive sports cars to insure, costing $221 more per year on average.
- The cheapest M4 trim to insure is the Coupe trim at an estimated $2,744 per year.
- The M4 Competition xDrive Convertible is the most expensive to insure at $2,892 per year.
How much does BMW M4 insurance cost?
Ranked 16th out of 23 vehicles in the sports car class, BMW M4 car insurance costs an average of $2,832 annually, or $236 each month. With the average sports car costing $2,611 a year to insure, the BMW M4 may possibly cost an estimated $221 or more annually.
The rate chart below details average auto insurance cost for a M4 using different deductibles and driver age groups.
The table below details the estimated annual and 6-month policy costs, including a monthly insurance rate, for each BMW M4 model and trim level. For the average driver, rates range from $2,744 to $2,892 for the 2024 model year.
| 2024 BMW M4 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Coupe | $2,744 | $229 |
| Competition Coupe | $2,814 | $235 |
| Competition xDrive Coupe | $2,880 | $240 |
| Competition xDrive Convertible | $2,892 | $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 February 22, 2024
The following table shows average BMW M4 car insurance rates from the 2015 to 2024 model years.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW M4 | $5,662 | $2,832 | $2,330 |
| 2023 BMW M4 | $5,504 | $2,746 | $2,262 |
| 2022 BMW M4 | $5,542 | $2,758 | $2,274 |
| 2021 BMW M4 | $5,652 | $2,798 | $2,308 |
| 2020 BMW M4 | $5,470 | $2,708 | $2,234 |
| 2019 BMW M4 | $4,974 | $2,460 | $2,028 |
| 2018 BMW M4 | $4,416 | $2,188 | $1,808 |
| 2017 BMW M4 | $4,228 | $2,098 | $1,734 |
| 2016 BMW M4 | $4,386 | $2,182 | $1,802 |
| 2015 BMW M4 | $3,578 | $1,786 | $1,478 |
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 BMW M4 trim levels for each model year. Updated February 23, 2024
More M4 insurance rates and insights
Some other key data insights regarding the cost to insure a BMW M4 include:
- Car insurance is cheaper with higher deductibles. Increasing your deductibles from $500 to $1,000 could save around $514 per year for a 40-year-old driver and $1,002 per year for a 20-year-old driver.
- Low physical damage deductibles may be wasting money. Dropping your deductibles from $500 to $250 could cost an additional $536 per year for a 40-year-old driver and $1,062 per year for a 20-year-old driver.
- Careful drivers have lower rates. Too many at-fault accidents can cost more, possibly up to $1,334 per year for a 30-year-old driver and even as much as $780 per year for a 50-year-old driver.
- BMW M4 insurance for teen drivers is expensive. Average rates for full coverage M4 insurance costs $9,721 per year for a 16-year-old driver, $9,512 per year for a 17-year-old driver, $8,706 per year for an 18-year-old driver, and $7,870 per year for a 19-year-old driver.
- High-risk drivers pay much more for M4 insurance. For a 20-year-old driver, having a high frequency of accidents or violations increases the cost by $4,366 or more per year.
- More discounts means cheap BMW M4 insurance rates. Discounts may be available if the insured drivers are military or federal employees, take a defensive driving course, drive low annual mileage, are loyal customers, belong to certain professional organizations, or many other discounts which could save the average driver as much as $478 per year.
- Get better rates due to your profession. Many insurance companies offer discounts for being employed in professions like high school and elementary teachers, police officers and law enforcement, engineers, architects, members of the military, and others. If you work in a qualifying profession, you may save between $85 and $185 on your car insurance premium, depending on the policy coverages selected.
How does BMW M4 car insurance cost rank?
The BMW M4 ranks 16th out of 23 total comparison vehicles in the sports car category for most affordable car insurance prices. The M4 costs an average of $2,832 per year for full coverage insurance and the segment average rate is $2,611 annually, a difference of $221 per year.
When insurance prices are compared to other popular sports cars, auto insurance rates for a BMW M4 cost $588 more than the Lexus RC F, $746 more than the Ford Mustang, $388 more than the Porsche 718, and $702 more than the Subaru WRX.
The chart below shows how well M4 insurance rates fare against the top 10 most popular sports cars. A rankings table is also included following the chart breaking down rates for the entire 23 vehicle sports car segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,754 | -$1,078 |
| 2 | Toyota GR86 | $1,998 | -$834 |
| 3 | Ford Mustang | $2,086 | -$746 |
| 4 | BMW Z4 | $2,096 | -$736 |
| 5 | Subaru WRX | $2,130 | -$702 |
| 6 | Toyota GR Supra | $2,132 | -$700 |
| 7 | BMW M2 | $2,196 | -$636 |
| 8 | Nissan Z | $2,200 | -$632 |
| 9 | Lexus RC F | $2,244 | -$588 |
| 10 | Subaru BRZ | $2,272 | -$560 |
| 11 | BMW M3 | $2,398 | -$434 |
| 12 | Porsche 718 | $2,444 | -$388 |
| 13 | Chevrolet Camaro | $2,468 | -$364 |
| 14 | Chevrolet Corvette | $2,628 | -$204 |
| 15 | Porsche 911 | $2,720 | -$112 |
| 16 | BMW M4 | $2,832 | -- |
| 17 | Lexus LC 500 | $2,846 | $14 |
| 18 | Jaguar F-Type | $2,994 | $162 |
| 19 | Mercedes-Benz AMG GT53 | $3,142 | $310 |
| 20 | Porsche Taycan | $3,214 | $382 |
| 21 | Mercedes-Benz SL 55 | $3,660 | $828 |
| 22 | Nissan GT-R | $3,694 | $862 |
| 23 | Mercedes-Benz SL 63 | $3,898 | $1,066 |
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 February 23, 2024