Cheap BMW M4 Car Insurance in 2024 (Unlock Big Savings From These 10 Companies!)
Metromile, Mercury, and Safeco offer the best rates for cheap BMW M4 car insurance, starting at just $60 per month. These companies lead due to their competitive pricing, comprehensive coverage options, and excellent customer service, making them top choices for affordability and reliability.
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Jimmy McMillan
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Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
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UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
Company Facts
Average Monthly Rate For Good Drivers
A.M. Best Rating
Complaint Level
Pros & Cons
The top picks for cheap BMW M4 car insurance are Metromile, Mercury, and Safeco, renowned for their affordable premiums and robust coverage options.
These companies stand out in the competitive auto insurance market by offering tailored policies that cater specifically to high-performance vehicles like the BMW M4.
Our Top 10 Company Picks: Cheap BMW M4 Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $60 A- Usage-Based Metromile
#2 $65 A Competitive Rates Mercury
#3 $66 A Comprehensive Options Safeco
#4 $67 A++ Customer Service Auto-Owners
#5 $68 A+ Nationwide Network Nationwide
#6 $69 A++ Flexible Policies Kemper
#7 $70 A+ Local Agents Allstate
#8 $72 A Customizable Coverage Farmers
#9 $73 A+ Senior Benefits The Hartford
#10 $75 A Bundle Discounts Liberty Mutual
Each provider combines excellent customer service with comprehensive protection plans, ensuring that drivers receive the best possible value for their insurance dollars.
By comparing these leaders, BMW M4 owners can secure optimal coverage that meets their unique needs and budget requirements. Read more “Best Car Insurance by Vehicle.”
Get the right car insurance at the best price — enter your ZIP code above to shop for coverage from the top insurers.
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#1 – Metromile: Top Overall Pick
Pros
- Pay-Per-Mile System: Metromile offers significant savings with a pay-per-mile insurance model, ideal for low-mileage drivers.
- Customizable Options: Users can customize coverage to fit specific needs and budgets. More information is available about this provider in our “What car insurance discounts does Metromile Insurance Company offer?.”
- Transparent Pricing: Charges are based on actual miles driven, providing clear, straightforward billing.
Cons
- Limited Availability: Metromile is not available in all states, which might limit options for some drivers.
- Less Effective for High Mileage: Not cost-effective for drivers with high annual mileage.
#2 – Mercury: Best for Competitive Rates Leader
Pros
- Affordable Premiums: Mercury is known for competitive insurance rates that appeal to budget-conscious drivers.
- Variety of Discounts: Offers multiple discounts including safe driver and multi-car policies.
- Strong Financial Stability: Rated ‘A’ by A.M. Best, indicating robust financial health. See more details on our “Mercury Insurance Review & Ratings.”
Cons
- Customer Service Variability: Some users report inconsistent experiences with customer service.
- Policy Limitations: Certain coverages and benefits might be less comprehensive compared to larger insurers.
#3 – Safeco: Best for Comprehensive Options Provider
Pros
- Extensive Coverage Options: Safeco provides a wide range of coverage options, from basic to comprehensive.
- Customizable Policies: Policies can be tailored with numerous add-ons and endorsements for enhanced protection.
- Loyalty Rewards: Offers benefits like diminishing deductibles for long-term customers. Discover more about offerings in our “Safeco Insurance Review & Ratings.”
Cons
- Higher Premiums: Some customers might find Safeco’s premiums higher than those of competitors.
- Complex Claims Process: The claims process can be more complex and time-consuming than with other insurers.
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#4 – Auto-Owners: Best for Customer Service Champion
Pros
- Exceptional Customer Support: Known for outstanding customer service and agent accessibility.
- High Financial Rating: Auto-Owners boasts an A++ rating from A.M. Best, ensuring reliability.
- Variety of Discounts: Offers discounts for multiple policies, payment histories, and more. If you want to learn more about the company, head to our “Auto-Owners Insurance Review & Ratings.”
Cons
- Limited Online Tools: The digital tools and online resources are not as developed as those of some competitors.
- Geographic Restrictions: Services are not available nationwide, which can be a limitation for some.
#5 – Nationwide: Best for Nationwide Network Specialist
Pros
- Extensive Network: Nationwide offers services across a broad geographic area, enhancing accessibility.
- Variety of Products: Provides a wide range of insurance products and services, making it a one-stop shop.
- Financial Stability: Holds an A+ rating from A.M. Best, indicating strong financial health. Check out insurance savings in our complete “Nationwide Insurance Review & Ratings.”
Cons
- Inconsistent Pricing: Rates can vary significantly between regions and customer profiles.
- Policy Upselling: Customers may experience frequent upselling of additional products and services.
#6 – Kemper: Best for Flexible Policies Innovator
Pros
- Policy Flexibility: Kemper is known for offering flexible policy terms that cater to diverse customer needs.
- Unique Coverage Options: Provides unique coverage options not typically offered by other insurers.
- High Financial Rating: Maintains an A++ rating from A.M. Best. Learn more in our “Kemper Insurance Review & Ratings.”
Cons
- Higher Cost for Unique Features: Specialized coverages and flexibility can come at a higher cost.
- Complex Policy Management: Managing policies can be complicated due to the variety of options and terms.
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#7 – Allstate: Best for Local Agents Network
Pros
- Strong Local Presence: Extensive network of local agents provides personalized service.
- Comprehensive Tools: Offers a range of digital tools for claims and policy management.
- Robust Coverage Options: Wide variety of coverage options suitable for different needs. Unlock details in our “Liberty Mutual Review & Ratings.”
Cons
- Higher Premiums: Generally, premiums are higher compared to some other competitors.
- Varied Customer Service: Customer service quality can vary depending on the local agent.
#8 – Farmers: Best for Customizable Coverage Specialist
Pros
- Highly Customizable Policies: Farmers offers highly customizable policies allowing for tailored coverage.
- Diverse Discounts: Provides a range of discounts including for new homes and claim-free records.
- Effective Claims Process: Known for an efficient and customer-friendly claims process. Discover more about offerings in our “Farmers Insurance Review & Ratings.”
Cons
- Premium Costs: Premiums can be higher, especially for more comprehensive plans.
- Marketing Focus: Some customers may feel a heavy emphasis on upselling additional features.
#9 – The Hartford: Best for Senior Benefits Leader
Pros
- Tailored for Seniors: Offers specialized benefits and discounts for senior drivers.
- Strong Partnership Programs: Benefits from partnerships, such as with the AARP, enhancing offerings.
- Excellent Customer Support: Noted for superior customer service and support. Read up on the “The Hartford Insurance Review & Ratings.” for more information.
Cons
- Niche Market Focus: Primarily focuses on the senior market, which may limit offerings for younger drivers.
- Costlier Premiums: Premiums can be higher, particularly without AARP membership.
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#10 – Liberty Mutual: Best for Bundle Discounts Expert
Pros
- Significant Bundle Discounts: Offers substantial discounts for customers who bundle multiple policies.
- Wide Range of Options: Extensive coverage options across different types of insurance. Unlock details in our “Liberty Mutual Review & Ratings.”
- Accessible Online Services: Strong online platform for managing policies and filing claims.
Cons
- Inconsistent Customer Experience: Customer service quality can vary widely.
- Pricing Discrepancies: Premiums can be inconsistent and higher for some customers.
Comparative Monthly Insurance Rates for BMW M4: Minimum vs. Full Coverage
When considering car insurance for a BMW M4, it’s crucial to understand the cost differences between minimum and full coverage options across various providers. The following table and discussion provide an overview of how monthly rates vary depending on the level of coverage you choose.
BMW M4 Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $70 $190
Auto-Owners $67 $180
Farmers $72 $195
Kemper $69 $188
Liberty Mutual $75 $200
Mercury $65 $180
Metromile $60 $170
Nationwide $68 $185
Safeco $66 $183
The Hartford $73 $197
The cost of insuring a BMW M4 can vary significantly based on the coverage level selected. For minimum coverage, the rates start as low as $60 with Metromile, which offers the most affordable option, and go up to $75 with Liberty Mutual. For those seeking more comprehensive protection, full coverage rates range from $170 with Metromile to $200 with Liberty Mutual.
This range highlights the diversity in pricing among top insurance providers, reflecting differing levels of service, coverage specifics, and company pricing strategies. Providers like Auto-Owners and Mercury also offer competitive full coverage rates at $180, illustrating the various options available to BMW M4 owners seeking extensive insurance coverage.
“Learn more in our “How much is car insurance.”
Factors That Influence BMW M4 Car Insurance Rates
When it comes to determining car insurance premiums for the BMW M4, there are several key factors that insurers take into consideration. Insurance companies rely on these factors to assess the level of risk associated with insuring a particular vehicle and driver.
Let’s delve into each of these factors to understand how they influence insurance rates for the BMW M4.
- Age and Driving Experience: Younger and less experienced drivers tend to face higher insurance premiums. This is because they are considered to be a higher risk. Insurers take into account the statistics that show younger drivers are more likely to be involved in accidents. Unlock details in our “What age do you get cheap car insurance?.”
- Location: Where you live plays a crucial role in determining the cost of insuring your BMW M4. Urban areas with higher crime rates and congested roads are associated with higher insurance premiums. On the other hand, if you reside in a rural area with lower crime rates and less traffic, you may enjoy lower insurance rates.
- Driving Record: Your driving history is an essential factor that insurers consider when calculating your BMW M4 car insurance premium. If you have a clean record with no accidents or traffic violations, you are likely to receive lower rates. However, if you have a history of accidents or speeding tickets, your premiums may be higher.
- Vehicle Specifications: The specifics of your BMW M4, such as its make, model, engine size, and safety features, also impact insurance rates. High-performance sports cars like the BMW M4 often come with higher insurance premiums due to their higher value and increased risk of theft or accidents.
- Coverage Options: The type and amount of coverage you choose for your BMW M4 can significantly affect your insurance costs. Opting for comprehensive coverage that includes protection against theft, vandalism, and natural disasters will likely result in higher premiums compared to basic liability coverage.
- Credit History: Your credit history can also influence your BMW M4 car insurance rates. Insurers may consider your credit score as an indicator of your financial responsibility. A higher credit score is often associated with lower insurance premiums, as it suggests that you are less likely to file claims or default on payments.
Additionally, the choice of coverage and the driver’s credit history are important, with comprehensive coverage and a good credit score generally leading to more favorable insurance rates.
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Understanding the Different Factors That Affect BMW M4 Car Insurance Premiums
Now that we have explored the various factors that influence BMW M4 car insurance rates, let’s delve deeper into each of these factors to gain a better understanding of their impact on the cost of insurance.
- Age and Driving Experience: As mentioned earlier, age and driving experience play a significant role in determining insurance rates. Younger drivers, especially those under the age of 25, are considered high risk due to their limited experience behind the wheel. Insurers often charge higher premiums to offset the increased likelihood of accidents among this age group.
- Location: Insurance premiums are often higher in areas with high crime rates and heavy traffic congestion. Urban areas typically face a greater risk of accidents, theft, and vandalism, which can lead to increased insurance costs. Additionally, some states may have higher average insurance rates compared to others, further impacting the cost of insuring your BMW M4.
- Driving Record: A clean driving record is crucial for securing affordable car insurance rates. Traffic violations, accidents, and DUI convictions can significantly raise your premiums. Insurance companies consider these incidents as indicators of a higher probability of future accidents, making you a riskier driver to insure.
- Vehicle Specifications: The luxurious and high-performance nature of the BMW M4 contributes to its higher insurance premiums. Sports cars are statistically involved in more accidents than other vehicle types, and they tend to have higher repair costs due to their specialized parts and technology. Additionally, the desirability of the BMW M4 can make it a target for theft, further increasing insurance costs.
- Coverage Options: Insurance rates for your BMW M4 depend on the coverage level. Basic liability is the cheapest, covering only damages you cause to others. Given the M4’s value and repair costs, consider adding comprehensive and collision coverage for more protection, though it will increase your premiums.
- Credit History: Your credit history can also impact your BMW M4 car insurance premiums. Insurance companies often use credit-based insurance scores to assess the risk of insuring a driver. A poor credit history or low credit score may result in higher insurance rates, as it is seen as an indicator of financial instability and a higher likelihood of filing claims.
Finally, insurers use credit scores to gauge the risk of insuring a driver, with poor credit often leading to higher rates due to perceived financial instability and the likelihood of filing claims. For additional details, explore our comprehensive resource titled “Best Car Insurance for 21-Year-Old Drivers.”
The Cost of Insuring a BMW M4: A Comprehensive Guide
Now that we have discussed the factors that influence BMW M4 car insurance rates, it’s time to understand the overall cost of insuring this luxury sports car. While the exact cost of insurance will vary depending on your specific circumstances, we can provide some general insights into the average insurance rates for BMW M4 owners.
On average, BMW M4 owners can expect to pay higher insurance premiums compared to drivers of regular sedans or SUVs. The BMW M4’s status as a high-performance luxury sports car and its higher repair and replacement costs contribute to these higher rates.
According to industry data, the annual insurance premium for a BMW M4 can range from $2,000 to $4,000 or more, depending on various factors. Younger drivers, those with less driving experience, or individuals with a history of accidents or traffic violations may face even higher premiums.
It’s important to note that these figures are just estimates, and the cost of insuring a BMW M4 can vary significantly depending on your location, coverage options, and personal driving profile. To get an accurate quote tailored to your specific situation, it is advisable to reach out to multiple insurance providers and compare their rates and coverage.
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Another factor that can affect the cost of insuring a BMW M4 is the level of coverage you choose. Opting for comprehensive coverage, which includes protection against theft, vandalism, and other non-collision incidents, will generally result in higher premiums compared to basic liability coverage.
Discover more about offerings in our “Collision vs. Comprehensive Car Insurance: Which coverage is right for you?.”
In addition, your location can also impact the cost of insuring a BMW M4. If you live in an area with a high crime rate or a higher likelihood of accidents, insurance companies may consider your location a higher risk, leading to higher premiums.
Factors to Consider When Calculating the Cost of BMW M4 Car Insurance
When calculating the cost of BMW M4 car insurance, there are several key factors you should consider. These factors can help you estimate your insurance costs and make informed decisions to manage your premium expenses effectively.
- Age and Driving Experience: As mentioned earlier, younger drivers and those with limited driving experience typically face higher insurance rates. If you fall into this category, be prepared for higher premiums and consider taking defensive driving courses or other programs that may help reduce your rates.
- Vehicle Specifications: The make and model of your BMW M4, as well as its safety features, will impact your insurance rates. Consider the cost of repairs and replacement parts when selecting your coverage options. Additionally, installing anti-theft devices and safety features may help lower your premiums.
- Driving Record: Your driving record is a critical factor that insurers consider when calculating your premium. A clean driving record demonstrates responsible driving behavior and reduces the likelihood of future accidents, resulting in more affordable insurance rates. Make sure to follow traffic laws and drive responsibly to maintain a clean record.
- Coverage Options: Assessing your insurance needs is key to managing costs. Although liability coverage is basic, owning a BMW M4 involves risks that might warrant comprehensive and collision coverage for added protection, despite higher premiums. Consider your risk tolerance and financial capacity to choose the right coverage level.
- Location: The location where you live and park your BMW M4 can affect your insurance rates. Urban areas with higher rates of theft and accidents generally have higher premiums compared to rural areas. Additionally, areas prone to severe weather conditions or high traffic congestion may also result in increased insurance costs.
- Annual Mileage: The number of miles you drive annually can impact your insurance rates. Insurers consider that the more you drive, the higher the risk of accidents. If you have a low annual mileage, you may be eligible for a low-mileage discount, which can help reduce your insurance premiums. Be sure to accurately estimate your annual mileage to receive the appropriate discount.
Delve into our evaluation of “Compare Car Insurance Quotes.”
Finally, the annual mileage driven can impact costs, with lower mileage potentially qualifying for discounts. Together, these factors help shape the insurance costs for a BMW M4, aiding owners in making informed decisions on their insurance needs.
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Frequently Asked Questions
What factors affect the cost of BMW M4 car insurance?
The cost of BMW M4 car insurance can be influenced by various factors such as the driver’s age, location, driving history, coverage options, deductible amount, and the insurance company’s rates.
For additional details, explore our comprehensive resource titled “Best Car Insurance for 21-Year-Old Drivers.”
Are BMW M4 cars more expensive to insure compared to other vehicles?
Generally, BMW M4 cars tend to have higher insurance rates compared to average vehicles due to their high-performance nature, higher value, and potential repair costs.
Does the BMW M4 model year affect the insurance cost?
Yes, the model year of the BMW M4 can impact the insurance cost. Typically, newer models may have higher insurance rates due to their higher value and costlier repair or replacement parts.
Can the cost of BMW M4 car insurance vary between insurance companies?
Yes, insurance companies have different rating systems and consider various factors when determining premiums. As a result, the cost of BMW M4 car insurance can vary significantly between different insurance providers.
Is it possible to lower the cost of BMW M4 car insurance?
Yes, there are several ways to potentially lower the cost of BMW M4 car insurance. These include maintaining a clean driving record, bundling insurance policies, increasing deductibles, installing anti-theft devices, and taking advantage of available discounts.
To find out more, explore our guide titled “College Graduate Car Insurance Discount.”
What is BMW M4 insurance?
BMW M4 insurance refers to a car insurance policy specifically designed to cover a BMW M4, which includes protection against damage, theft, and liability in the event of an accident.
How much does BMW M4 insurance cost typically?
The cost of BMW M4 insurance can vary widely based on several factors such as the driver’s age, driving history, and location, but it generally ranges from $60 to $200 per month for minimum to full coverage.
Is the BMW M4 reliable?
This car offers a timeless design, impressive power, and exceptional reliability. It’s one of the best value-for-money sports cars available.
What determines the M4 insurance cost?
The M4 insurance cost is determined by factors including the driver’s profile (age, driving history), the level of coverage chosen, the car’s model year, and the geographical location where the car is primarily driven.
To learn more, explore our comprehensive resource on “Full Coverage Car Insurance: A Complete Guide.”
How much is insurance for a BMW M4 on average?
On average, insurance for a BMW M4 can cost anywhere between $60 for minimum coverage and $200 for full coverage per month, depending on the insurer and the coverage details.
Is a BMW M4 expensive to maintain?
The yearly maintenance expense for a BMW M4 amounts to $2,781.
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Which BMW is the cheapest to insure?
Compare insurance costs across all BMW models. The insurance groups for BMWs can differ greatly. Typically, the most affordable BMW model to insure is the 1 Series, particularly the hatchback versions with simpler trims and less power.
How much is insurance for a BMW M4?
Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw M4 is $303 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
Learn more by reading our guide titled “The Most and Least Car-Dependent States.”
Is the BMW M4 fuel efficient?
Is BMW M4 a 2 seater?
The starting price for the BMW M4 Competition, a four-seater coupe, is Rs. 1.53 crore. It comes in one variant, equipped with a 2993 cc engine, and offers one transmission option: automatic. The M4 Competition has earned a 5-star NCAP safety rating and includes six airbags.
How long does BMW M4 engine last?
What is the lifespan of a BMW M4? The BMW M4 typically reaches its lifespan limit at around 120,000 miles. Fuel type plays a significant role in determining the lifespan of a vehicle.
Despite its high price, the BMW 3 Series is one of the best low-maintenance luxury cars.
Possessing a BMW is associated with above-average expenses. The need for premium gasoline, top-quality tires, imported components, and specialized maintenance labor all add to the total cost. Furthermore, BMWs often necessitate synthetic oil changes, thereby increasing the maintenance expenses.
Get the right car insurance at the best price — enter your ZIP code below to shop for coverage from the top insurers.
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Jimmy McMillan
Licensed Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.