Is a BMW i4 expensive to insure?

Compared to the national average cost of car insurance, yes, a BMW i4 is expensive to insure. According to Bankrate's analysis, it costs $3,809 a year, or $317 a month, for full coverage for a BMW i4. To put this into context, the national average cost of a full coverage policy is $2,680 per year, or $223 per month.

Which BMW is the cheapest to insure?

There's no single BMW that's cheapest across the board. However, more entry-level trims with smaller, gas-powered engines and fewer bells and whistles will likely be cheaper to insure than a fresh-off-the-lot, souped-up sports car or electric vehicle.

Which car insurance company has the cheapest insurance for a BMW i4?

Countryway, Union Mutual and Secura offer the cheapest BMW i4 car insurance rates on average, according to our analysis. However, rates vary based on several factors specific to the driver, vehicle, location and insurer, so experts recommend gathering quotes from several insurers to compare.

Car Insurance for BMW i4

How much does it cost to insure a BMW i4?

BMW i4 car insurance costs an average of $3,809 per year for a full coverage policy, while minimum coverage costs $804, according to data from Quadrant Information Services. Car insurance for the BMW i4 skews expensive; the average full coverage car insurance premium for this particular model is 42 percent more than the national average rate.

The higher cost can partially be explained by the fact that the i4 is a luxury car. However, myriad factors affect insurance premiums like replacement part costs, crash test ratings and safety features.

$3,809 Avg annual full coverage
insurance premium

$804 Avg annual min coverage
insurance premium

Manufacturer's retail price for 2025 model: Starting at $57,900

Trims available: i4 eDrive 40, 430i Gran Coupe, i4 M50, M440i Gran Coupe

Repair costs

According to Edmunds, BMW i4 owners spend more than $5,000 over the first five years in vehicle repairs. To compare, Kelley Blue Book found that Tesla Model 3 owners spent around half that in out-of-pocket repairs during the first five years of ownership. Higher repair costs typically make the fallout from car accidents more expensive, which in turn can make auto insurance premiums cost more.

Safety features

The BMW i4 comes with a suite of high-tech safety features like Active Protection System, Active Driving Assistant, frontal collision warnings, blind spot detection and lane departure warning. Safety features can help bring insurance costs down in some cases. But, higher-tech ones can be more expensive to replace in the event of an accident, which could drive insurance rates up.

Crash ratings

The European New Car Assessment Program awarded the BMW i4 four out of five stars for crash safety — something of a rarity for a premium model. It received poor marks for its collision warning and lane departure warning systems. The i4 was also shown to pose a higher risk to pedestrians, cyclists and motorcyclists compared to other models, which can bring bodily injury liability insurance costs up.

Cheapest car insurance companies for a BMW i4

When it comes to cheap car insurance for the BMW i4, “cheap” is relative. Because it is a higher-end electric model, you may have a hard time finding an insurance policy that's below the national average. One of the best ways to find cheap (or cheaper, at least) car insurance is to compare rates from a variety of providers. Bankrate compiled average rates from some of the top BMW i4 car insurance companies to help get the process started.

How much does it cost to insure my BMW i4?

Car insurance companies all calculate rates differently, so rates will change based on the provider you choose.

2023 BMW i4 car insurance premium by carrier


State Farm	State Farm	$3,756	$3,756	- $53	- $53
Allstate	Allstate	$5,365	$5,365	+ $1,556	+ $1,556
Chubb	Chubb	$4,690	$4,690	+ $881	+ $881
Amica	Amica	$5,176	$5,176	+ $1,367	+ $1,367
Nationwide	Nationwide	$2,526	$2,526	- $1,283	- $1,283

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Other car insurance coverage for a BMW i4

Finding a great deal on your car insurance policy is great, but price isn't always the most important thing. While you may not think about it much, your car insurance policy offers you valuable financial protection. If you're in an accident and left with an expensive bill, you won't be glad you skimped out on coverage for a cheaper monthly premium. To ensure you have solid coverage in place for your BMW i4, consider these optional types of insurance:

Comprehensive coverage: With this on your policy, you can file a claim for losses like vandalism, vehicle theft and animal collisions.
Collision coverage: This covers your vehicle's repair costs if you cause an accident.
Gap insurance: If you used a loan to purchase your i4, gap insurance can help cover the difference between your outstanding loan amount and your insurance payout if the car is totaled.
Rental reimbursement: Electric vehicles often take longer to repair. If your car is in the shop after a covered accident, this endorsement can help with the cost of getting a rental car while you wait.

Learn more: Guide to car insurance

How to get a BMW i4 car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and customer reviews to get a holistic view of how a carrier will meet your needs.
Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Compare BMW i4 with other similar cars

BMW i4 Avg annual full coverage premium $3,809 Read More	Tesla Model 3 Avg annual full coverage premium $3,539 Read More	Audi A6 Avg annual full coverage premium $3,762 See more models
Price (MSRP)
$57,900	$34,990	$58,100
NHTSA Safety rating The NHTSA uses a 5-star rating program to evaluate how vehicles perform in crash tests based on frontal, side and rollover collisions.
Not rated	5 stars	5 stars
Gas mileage
116 mpg	137 mpg	26 mpg
IIHS/HLDI Collision insurance losses The IIHS and HLDI collect data on how insurance losses for specific models compare to the average for all passenger vehicles. These results are adjusted for deductible and specifically for collision claim losses.
Substantially worse than average	Substantially worse than average	N/A

Frequently asked questions

Compared to the national average cost of car insurance, yes, a BMW i4 is expensive to insure. According to Bankrate's analysis, it costs $3,809 a year, or $317 a month, for full coverage for a BMW i4. To put this into context, the national average cost of a full coverage policy is $2,680 per year, or $223 per month.
There's no single BMW that's cheapest across the board. However, more entry-level trims with smaller, gas-powered engines and fewer bells and whistles will likely be cheaper to insure than a fresh-off-the-lot, souped-up sports car or electric vehicle.
Countryway, Union Mutual and Secura offer the cheapest BMW i4 car insurance rates on average, according to our analysis. However, rates vary based on several factors specific to the driver, vehicle, location and insurer, so experts recommend gathering quotes from several insurers to compare.

Bankrate utilizes Quadrant Information Services to analyze June 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Other profiles

Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.
Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.
Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.