BMW M4 Car Insurance Rates for 2023

How much does M4 car insurance cost? We analyze auto insurance rates from the base M4 Coupe up to the well-appointed CS Coupe trim to discover how prices compare to the rest of the sports car market.

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  • BMW M4 insurance rates cost $2,622 per year on average, or about $219 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 $210 more per year on average.
  • The cheapest M4 trim to insure is the Coupe trim at an estimated $2,540 per year.
  • The M4 Competition xDrive Convertible is the most expensive to insure at $2,676 per year.

How much does BMW M4 insurance cost?

Ranked 19th out of 26 vehicles in the sports car class, BMW M4 car insurance costs an average of $2,622 annually, or $219 each month. With the average sports car costing $2,412 a year to insure, the BMW M4 may possibly cost an estimated $210 or more annually.

The rate chart below details average auto insurance cost for a M4 using different deductibles and driver age groups.

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Chart Data Details: Average rates are for a 2023 model year BMW M4 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 M4 trim levels.Data last updated on December 30, 2022
BMW M4 Car Insurance Cost Summary
BMW M4 Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$5,932$494
Safe Driver Age 20$5,198$433
At-fault Accidents Age 40$3,654$305
Low Deductibles Age 40$3,540$295
Safe Driver Age 30$2,794$233
Safe Driver Age 40$2,622$219
Safe Driver Age 50$2,378$198
Safe Driver Age 60$2,336$195
Discount Rate Age 40$2,178$182
High Deductibles Age 40$2,152$179

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 $2,540 to $2,676 for the 2023 model year.

2023 BMW M4 Insurance Cost by Trim Level
BMW M4 Trim Level Annual Policy 6-month Policy Per Month
Coupe$2,540$1,270$212
Competition Coupe$2,604$1,302$217
Competition xDrive Coupe$2,668$1,334$222
Competition xDrive Convertible$2,676$1,338$223

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Table Data Details: Average rates are for a 2023 BMW M4, 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 M4 Insurance Cost by Trim Level

The following table shows average BMW M4 car insurance rates from the 2015 to 2023 model years.

BMW M4 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 BMW M4$5,198$2,622$2,336
2022 BMW M4$5,222$2,628$2,346
2021 BMW M4$5,308$2,660$2,376
2020 BMW M4$5,232$2,616$2,340
2019 BMW M4$4,760$2,384$2,130
2018 BMW M4$4,332$2,164$1,934
2017 BMW M4$4,130$2,064$1,848
2016 BMW M4$4,418$2,210$1,974
2015 BMW M4$3,586$1,806$1,616

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Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
BMW M4 Insurance Cost by Model Year

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 $470 per year for a 40-year-old driver and $920 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 $492 per year for a 40-year-old driver and $972 per year for a 20-year-old driver.
  • Careful drivers have lower rates. Too many at-fault accidents can cost more, possibly up to $1,206 per year for a 30-year-old driver and even as much as $790 per year for a 50-year-old driver.
  • BMW M4 insurance for teen drivers is expensive. Average rates for full coverage M4 insurance costs $8,946 per year for a 16-year-old driver, $8,474 per year for a 17-year-old driver, $7,964 per year for a 18-year-old driver, and $7,290 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 $3,988 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 $444 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 $79 and $178 on your car insurance premium, depending on the policy coverages selected.

How does BMW M4 car insurance cost rank?

The BMW M4 ranks 19th out of 26 total comparison vehicles in the sports car category for most affordable car insurance prices. The M4 costs an average of $2,622 per year for full coverage insurance and the segment average rate is $2,412 annually, a difference of $210 per year.

When insurance prices are compared to other popular sports cars, auto insurance rates for a BMW M4 cost $352 more than the Lexus RC F, $708 more than the Ford Mustang, $350 more than the Porsche 718, and $674 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 26 vehicle sports car segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year BMW M4, 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 BMW M4 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 30, 2022
BMW M4 vs Top 10 Sports Cars Insurance Comparison
BMW M4 Insurance Cost Compared to All Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,630-$992
2Audi TT$1,828-$794
3Ford Mustang$1,914-$708
4BMW Z4$1,928-$694
5Subaru WRX$1,948-$674
6Nissan Z$1,978-$644
7Toyota GR Supra$2,010-$612
8Toyota GR86$2,034-$588
9BMW M2$2,036-$586
10Subaru BRZ$2,128-$494
11Chevrolet Corvette$2,176-$446
12BMW M3$2,224-$398
13Lexus RC F$2,270-$352
14Porsche 718$2,272-$350
15Chevrolet Camaro$2,310-$312
16Mercedes-Benz AMG GT53$2,448-$174
17Jaguar F-Type$2,534-$88
18Porsche Taycan$2,590-$32
19BMW M4$2,622--
20Lexus LC 500$2,652$30
21Dodge Challenger$2,660$38
22Porsche 911$2,890$268
23Acura NSX$3,268$646
24Audi R8$3,378$756
25Mercedes-Benz SL 55$3,382$760
26Mercedes-Benz SL 63$3,600$978