- A BMW M4 is more expensive to insure compared to the average car.
- Full coverage insurance for a M4 runs around $256 a month, on average, while liability only insurance generally tends to be about $81 monthly.
- The most affordable car insurance company for a M4 is Sun Coast.
In This Article
With 2020 models starting at $69,150, the BMW M4 is on the more expensive end of the spectrum. There are two different trim levels currently available, so there's an option for every driver.
Based on reviewing thousands of auto insurance quotes from Compare.com, we've determined that average BMW M4 insurance prices run around $221 a month. How do auto insurance rates for the M4 compare to premiums of other similar cars?
|Current Base Price||$69,150|
|Trim Levels||CS, M4|
|Average Insurance Premium||$221/mo.|
|Cheapest Insurance Company||Sun Coast|
How Much is Car Insurance for a BMW M4?
|Vehicle||Liability Only||Full Coverage|
|All BMW Models||$84||$199|
|Average Insurance Premium||$81||$169|
In the table above, you'll see that insurance prices for a BMW M4 are more expensive than average. M4 owners usually pay about $81 monthly for liability insurance, and around $256 per month for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can give you more information on the difference).
When compared to other BMW models, the M4 is more expensive, with rates about 29% higher than the rest of the automaker's vehicle lineup. Compared to offerings from other brands, car insurance for a M4 runs close to average, with full coverage insurance premiums coming in at $79 higher than other cars and liability insurance prices at $2 cheaper.
Compared to all vehicles, regardless of body style, make, or model, the M4 is slightly cheaper for liability only insurance, but full coverage premiums are more expensive on average.
Who has the Cheapest Car Insurance for a BMW M4?
|Insurance Company||Average Monthly Premium|
If you're looking for a car insurance policy for a BMW M4, you're likely interested in which carrier offers the most affordable premiums. Although rates can fluctuate quite significantly from driver to driver, Hugo provides the lowest average rates for liability only coverage, with rates as low as just $34 monthly. The next cheapest company is MetLife, who offers auto insurance as low as $36 a month.
Rounding out the list are Shelter Mutual, Amica, and Mercury. But just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.
Insurance carriers take a wide array of different variables into consideration when offering you premiums. By reviewing quotes from many car insurance companies at once, you can be confident you're finding the most affordable rate.
What Factors Affect Car Insurance Rates for a BMW M4?
There are a wide array of variables that insurance carriers examine to choose how much they charge -- and each carrier uses a different algorithm, so there's not a single company that's the cheapest for every M4 driver.
The sections below show a lot of things auto insurance companies use to calculate rates:
|Vehicle Age||Average Monthly Premium|
|Less than 1 Year||$69|
|8-10 Years||Not Enough Data|
|11-14 Years||Not Enough Data|
|15 Years or Older||Not Enough Data|
The BMW M4 has been around for a while, so vehicle age will likely play a big role in what you end up paying for car insurance. Usually, it costs more to insure newer cars because they're worth more, however, as time goes on and M4s begin to depreciate, insurance costs will gradually go lower.
According to the table above, the BMW M4 is not quite in line with this trend, as the most expensive models to insure are those that are 2 to 3 years old, while on average, the cheapest M4s are 1 year old or less.
|Age||Average Monthly Premium|
Your age is another factor that makes a significant difference in how much insurance carriers will charge you. As you can see above, young drivers have higher prices compared to older M4 drivers. In this case, drivers aged between 18 and 24 pay $10 more than those 25 or older.
Car insurance prices continue to go down as you get older, with the cheapest age group being 35-44 for M4 drivers.
|Gender||Average Monthly Premium|
Women normally to pay less for car insurance than men. This is because women are less likely to get tickets and get into collisions, which lowers the chances of an insurance claim. Surprisingly, when it comes to M4 drivers specifically, men pay around 14% less than women a month for auto insurance.
Where You Live
|State||Average Monthly Premium|
You're probably already aware that factors like what vehicle you drive and how old you are play a role in your insurance rates, but did you know that where you live matters, too? Because auto insurance is regulated on a state-by-state basis, premiums can vary quite a bit depending on what state you live in.
For example, the average BMW M4 owner in New York pays about $186 per month for liability coverage. Meanwhile, on average, the same Californian driver will pay less than half of that price.
BMW M4 Car Insurance Discounts
Whatever what car you drive, how old you are, or what state you live in, using as many discounts as possible when it comes to your car insurance is always a smart move when shopping around for a new policy.
Even though all insurance companies offer their own unique discounts, there are a few different ones that you'll find with most carriers. These include things like:
- Multi-car discounts for adding more than one vehicle to your auto policy
- Pay-in-full discounts for drivers who choose to pay their entire policy rate at once, rather than by monthly payments
- Defensive driving discounts for taking a defensive driving class from a certified school or institution
- Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings
But these aren't the only discounts auto insurance companies offer to their customers. And often, the best way to save isn't through a "discount" at all, but rather by having a profile that shows positive driving habits to insurance carriers.
While you can't control every variable car insurance companies reference to calculate prices (like some of the ones mentioned above), there are quite a few that you do have control over. Below are just a few of the variables you can use to your advantage in order to save money on insurance:
Your Driving Record
|Infractions||Average Monthly Premium|
It's no secret that car insurance carriers offer the lowest rates to drivers with a history of responsible driving. It checks out that if you get into an accident or get tickets, auto insurance premiums will increase. But you still might be left wondering exactly how much collisions and moving violations will cost you.
Looking at the table above, you'll notice that accidents will usually cost M4 drivers less than tickets, but both will result in a raise in rates. BMW M4 drivers with a single ticket will pay an average of $72 monthly, while drivers with one accident on their record pay about $67 every month. Drivers who have multiple kinds of either violation will end up paying even more.
How Much You Drive
|Annual Mileage||Average Monthly Premium|
The amount of miles you drive affects your car insurance prices. Drivers who are on the roads less often have fewer opportunities to get into an accident, so they'll usually end up spending less on auto insurance. In the above table, you can see that BMW M4 owners who drive less than 2,500 miles pay $104 for insurance, while those who drive between 5,000 and 7,500 miles per year pay about $55 a month.
If you drive less often than the average driver or work from home, it may be worth considering usage-based or pay-per-mile auto insurance. With these kinds of plans, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.
How Do BMW M4s Compare to Other Vehicles?
If you're thinking about purchasing a new car and a BMW M4 is on your shortlist, you're probably wondering how it compares to other cars. Auto insurance is just one cost that's associated with a new car purchase, but it's guaranteed to be one that's worth thinking about carefully.
Take a look at the table below to see how the BMW M4 compares:
|BMW M4||National Average|
|Full Coverage Insurance||$243||$169|
|Average Annual Mileage||8,491||11,617|
With an MSRP that's a quarter more than the going rate for a new vehicle, the BMW M4 is more expensive than average. At $69,150, the M4 price comes in above the national average MSRP of $46,547.
Liability insurance for a BMW M4 is around $9 per month less than average, while full coverage is over $50 more per month.
When it comes to usage, BMW M4 owners drive fewer miles annually than the national average, with 8,491 miles each year compared to 11,617 for all vehicles.
BMW M4 Car Insurance Costs by Model Year
You've seen how different factors can affect how much you might pay for car insurance. But if you're in thinking about buying a new car, truck, or SUV and the M4 is on your wishlist, knowing what you can expect to pay for the specific vehicle you're looking at can be extremely valuable as you weigh your choices.
2020 BMW M4 Car Insurance
|Liability Only Avg. Premium||$72|
|Full Coverage Avg. Premium||$243|
|Cheapest Insurance Company||Mercury - $25/mo.|
|Available Trims||CS, M4|
2020 BMW M4 drivers can expect to pay an average of $72 monthly for liability or $243 for full coverage.
With rates as little as just $25 per month, Mercury offered the lowest policy we found.
These average premiums are a great starting point if you're in the market for a 2020 BMW M4, but there are lots of different things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.
2019 BMW M4 Car Insurance
|Liability Only Avg. Premium||$84|
|Full Coverage Avg. Premium||$299|
|Cheapest Insurance Company||SafeAuto - $44/mo.|
|Available Trims||CS, M4|
It costs about $84 a month for liability or $299 for a full coverage policy for the 2019 M4.
SafeAuto offered the cheapest policy we found, with rates as little as $44 monthly.
Want something more accurate than nationwide averages? Enter your ZIP code below to get multiple customized quotes for free.
2018 BMW M4 Car Insurance
|Liability Only Avg. Premium||$50|
|Full Coverage Avg. Premium||$268|
|Cheapest Insurance Company||Hugo - $33/mo.|
The average cost to insure a 2018 BMW M4 with liability only coverage is $50 a month, while full coverage runs around $268 per month.
If you're looking for the most affordable 2018 BMW M4 insurance policy, Hugo offered the most affordable policy we found, with rates sometimes as cheap as $33 monthly.
While these are good estimates of what the average driver might pay to insure a 2018 BMW M4, these rates might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.
2017 BMW M4 Car Insurance
|Liability Only Avg. Premium||$130|
|Full Coverage Avg. Premium||$327|
|Cheapest Insurance Company||SafeAuto - $44/mo.|
You can expect full coverage for a 2017 M4 to run about $327 a month, while liability only coverage will average around $130 per month.
We found SafeAuto offered the lowest policy, with rates as cheap as just $44 monthly.
Interested in just how much you'll pay? Enter your ZIP code below to get several free customized quotes.
2016 BMW M4 Car Insurance
|Liability Only Avg. Premium||$92|
|Full Coverage Avg. Premium||$263|
|Cheapest Insurance Company||Mercury - $29/mo.|
|Available Trims||GTS, M4|
On average, drivers who own a 2016 BMW M4 can expect to pay $92 to $263 per month for liability only and full coverage auto insurance, respectively.
Mercury has prices sometimes as little as $29 a month for the 2016 BMW M4.
If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.
2015 BMW M4 Car Insurance
|Liability Only Avg. Premium||$79|
|Full Coverage Avg. Premium||$233|
|Cheapest Insurance Company||Clearcover - $24/mo.|
2015 M4 drivers can expect to pay an average of $79 per month for liability or $233 for full coverage.
Looking for the cheapest policy? Clearcover offered liability only coverage for as cheap as $24 a month.
If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.
BMW M4 Insurance FAQs
Is a BMW M4 expensive to insure?
When compared to the national average of all vehicles, rates come in on the more expensive end of the spectrum. Liability insurance runs an average of $81 monthly, while full coverage will cost you around $256.
How can I get the best price on car insurance for my BMW M4?
The only way to confirm you're getting the most affordable price on car insurance is to check prices regularly and compare quotes from lots of companies. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a whole range of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.
Does the color of my BMW M4 affect my insurance prices?
Have you heard the old adage that it costs more to insure a red car before? Well, that's actually a myth. Even though there are many variables insurance companies look at when they calculate how much your policy will be, the color of your vehicle is not used to make that determination.
Do I need to have insurance before I buy a BMW M4?
Before you can legally drive your new (or new to you) M4 off the dealership lot, you'll need to have a valid car insurance policy. Some dealerships will offer you one during the purchase process, but your best bet is letting your auto insurance carrier know ahead of time.
What car insurance discounts can I get for my BMW M4?
You will find a range of discounts out there when it comes to insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are more based on you than the car you drive, but if your M4 has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. The only way to know for sure is to talk with your insurance agent and ask about which discounts they offer, since they differ quite a bit from company to company.