BMW Z4 Car Insurance Cost for 2023

Is a BMW Z4 cheap or expensive to insure?

From the sDrive 30i Convertible trim level up to the more costly M40i Convertible trim, we calculated insurance rates for the 2023 Z4 to discover how rate quotes size up to other sports cars.

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How much does BMW Z4 insurance cost?

BMW Z4 car insurance costs an average of $1,928 per year for a full coverage policy, which is the equivalent of $161 a month. Liability and medical payments insurance will cost approximately $568 a year, collision insurance will cost about $868, and the remaining comprehensive coverage is around $492.

The following chart illustrates how average BMW Z4 car insurance rates vary based on the age of the driver and physical damage deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2023 BMW Z4 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW Z4 trim levels.Data last updated on January 23, 2023
BMW Z4 Car Insurance Cost
BMW Z4 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,220$268
$500$3,820$318
$250$4,452$371
30$1,000$1,698$142
$500$2,034$170
$250$2,384$199
40$1,000$1,618$135
$500$1,928$161
$250$2,248$187
50$1,000$1,474$123
$500$1,754$146
$250$2,042$170
60$1,000$1,446$121
$500$1,720$143
$250$2,004$167

To help you grasp how much insurance on a BMW Z4 can vary, consider that a liability-only policy for a BMW Z4 in the most affordable parts of Vermont or Ohio may be as low as $231 a year.  A newly-licensed teenage driver with a few speeding tickets in the most expensive zip codes in America may have to pay as much as $16,354 a year for a policy with full coverage.

Some additional insights into insurance rates and possible policy discounts include:

  • As you age, car insurance rates tend to get cheaper. The difference in 2023 BMW Z4 insurance rates between a 50-year-old driver ($1,754 per year) and a 30-year-old driver ($2,034 per year) is $280, or a savings of 13.8%.
  • Gender and age are two big factors. For a 2023 BMW Z4, a 20-year-old man will pay an average rate of $3,820 per year, while a 20-year-old woman pays an estimated $2,836, a difference of $984 per year. Women get significantly cheaper rates. But by age 50, male rates are $1,754 and the rate for females is $1,716, a difference of only $38.
  • Improve your credit rating to save on insurance. In states that have laws that do not prevent credit score data to be used for the purpose of coming up with an insurance rate, having a high credit rating of over 800 could find savings as much as $303 per year compared to a good credit rating of 670-739. Conversely, a subpar credit score could cost as much as $351 more per year.
  • Violations and tickets cost more than a fine. If you want the most affordable price on Z4 insurance rates, it’s necessary to not be an aggressive driver. In fact, just a couple minor incidents on your driving report could increase insurance cost by as much as $502 per year.
  • Higher physical damage deductibles lower policy cost. Raising your policy deductibles from $500 to $1,000 could save around $310 per year for a 40-year-old driver and $600 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 $320 per year for a 40-year-old driver and $632 per year for a 20-year-old driver.
  • Lots of policy discounts equals cheaper Z4 insurance. Discounts may be available if the insured drivers are accident-free, take a defensive driving course, are military or federal employees, sign their policy early, or many other policy discounts which could save the average driver as much as $328 per year on BMW Z4 insurance.
  • Get cheaper rates because of your employment. Some auto insurance providers offer policy discounts for working in professions like the military, doctors, emergency medical technicians, engineers, lawyers, and other occupations. Getting this discount applied to your policy could save between $58 and $178 on your annual Z4 insurance cost, depending on the policy coverages selected.

Is BMW Z4 insurance expensive?

The cheapest model of BMW Z4 to insure is the $52,800 sDrive 30i Convertible at an estimated $1,856 per year. The average all-vehicle insurance rate is $1,685, so insurance for the cheapest Z4 is $171 more expensive per year than the average vehicle.

The $65,300 M40i Convertible trim is the most expensive to insure, costing an average of $140 more per year.

The next table details the estimated annual and 6-month policy costs, plus a monthly amount for budgeting, for each BMW Z4 package and trim level.

2023 BMW Z4 Insurance Cost by Trim Level
BMW Z4 Trim Level Annual Policy 6-month Policy Per Month
sDrive 30i Convertible$1,856$928$155
M40i Convertible$1,996$998$166

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Table Data Details: Average rates are for a 2023 BMW Z4, 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 January 23, 2023
BMW Z4 Insurance Cost by Trim Level

Is a BMW Z4 cheap to insure compared to similar cars?

The BMW Z4 ranks fourth out of 26 total vehicles in the sports car category. The Z4 costs an estimated $1,928 per year for full coverage insurance and the segment median rate is $2,412 annually, a difference of $484 per year.

When BMW Z4 car insurance rates are compared to the best-selling models in the sports car category, the Z4 costs $14 more per year than the Ford Mustang, $248 less than the Chevy Corvette, $344 less than the Porsche 718, and $962 less than the Porsche 911.

The chart below shows how well the Z4 fares against the top 10 selling sports cars in the U.S. A more comprehensive data table is included after the chart that shows insurance cost rankings 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 Z4, 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 Z4 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
BMW Z4 Insurance Cost vs Other Sports Cars
BMW Z4 Insurance Cost Compared to All Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,630-$298
2Audi TT$1,828-$100
3Ford Mustang$1,914-$14
4BMW Z4$1,928--
5Subaru WRX$1,948$20
6Nissan Z$1,978$50
7Toyota GR Supra$2,010$82
8Toyota GR86$2,034$106
9BMW M2$2,036$108
10Subaru BRZ$2,128$200
11Chevrolet Corvette$2,176$248
12BMW M3$2,224$296
13Lexus RC F$2,270$342
14Porsche 718$2,272$344
15Chevrolet Camaro$2,310$382
16Mercedes-Benz AMG GT53$2,448$520
17Jaguar F-Type$2,534$606
18Porsche Taycan$2,590$662
19BMW M4$2,622$694
20Lexus LC 500$2,652$724
21Dodge Challenger$2,660$732
22Porsche 911$2,890$962
23Acura NSX$3,268$1,340
24Audi R8$3,378$1,450
25Mercedes-Benz SL 55$3,382$1,454
26Mercedes-Benz SL 63$3,600$1,672

Do new Z4 models cost more to insure?

A new 2023 BMW Z4 will cost around $698 more to insure per year than a 2015 model, and $768 more than a 2013 model.

New Z4 models have much higher replacement cost value than even a model that is a year or two old, and insurance cost goes down as each year goes by. Depreciation eventually devalues any vehicle to the point where a full coverage policy may not make sense.

The following table details estimated insurance rates for a BMW Z4 for various driver age groups and BMW Z4 model years. Average insurance cost ranges from the most affordable price of $1,040 for a 60-year-old driver rated on a 2013 BMW Z4 to a high of $3,820 for a 20-year-old with a 2023 model year.

BMW Z4 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 BMW Z4$3,820$1,928$1,720
2022 BMW Z4$3,516$1,776$1,588
2021 BMW Z4$3,452$1,742$1,556
2020 BMW Z4$3,404$1,716$1,534
2016 BMW Z4$2,812$1,422$1,270
2015 BMW Z4$2,400$1,230$1,096
2014 BMW Z4$2,716$1,370$1,228
2013 BMW Z4$2,288$1,160$1,040

Get Rates in Your AreaWhy is this important?

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 January 23, 2023
BMW Z4 Insurance Cost by Model Year