Compare the Cost of BMW 4 Series Insurance by Model Year and Company
A BMW 4 Series is expensive to insure, costing an average of $1,970 annually. State Farm is the cheapest for full coverage at $1,618 per year. Costs vary depending on the driver's age, model year and insurance provider.
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Insurance rates for a BMW 4 Series vary depending on the driver's age and the car's model year. For example, insuring a 2015 model for a 16-year-old costs $7,884 per year versus $1,752 for a 40-year-old. Insurance for a 2022 model costs $9,347 for a 16-year-old driver and $2,082 for a 40-year-old. MoneyGeek has rated the best insurers offering a balance of affordability, service and claims experience.
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Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a BMW 4 Series.
We updated these rates to reflect the average cost of car insurance for a BMW 4 Series as of 2023.
Average Cost and Cheapest Companies for Insuring a BMW 4 Series
BMW 4 Series insurance costs an average $1,970 per year, but the provider you choose can significantly impact your premiums. State Farm is the cheapest option for full coverage at $1,618 per year, while Allstate is the most expensive at $2,363 per year.
For minimum coverage, the cheapest provider is State Farm at $473 per year, while the most expensive is Progressive at $732 per year. Prices can vary based on the driver's age, location and driving history, so always compare rates from multiple providers to find the best deal.
Is a BMW 4 Series Expensive to Insure?
Insurers consider many factors when determining insurance costs for a BMW 4 Series. This model series is expensive to insure because it has a high MSRP rate of $46,195, and the National Highway Traffic Safety Administration (NHTSA) reports it is stolen at a higher rate than average. In addition, sports cars are pricier to insure because their drivers are more likely to take risks.
Best Companies for Insuring a BMW 4 Series
When shopping for BMW 4 Series insurance, consider other factors besides cost. The best car insurance companies also provide excellent customer service and claims experience.
Based on MoneyGeek's rating, State Farm and GEICO are the top-rated insurers for the BMW 4 Series.
- State Farm: MoneyGeek score of 90 out of 100 ($1,618 per year)
- Travelers: MoneyGeek score of 89 out of 100 ($1,758 per year)
State Farm scored highest in customer satisfaction, while Travelers scored higher in coverages offered and customer claims experience.
MoneyGeek Top Pick: State Farm
Offers the most affordable pricing
Good customer satisfaction rating
Offers roadside assistance
Offers few coverage add-ons
Below-average claims handling score
State Farm is the best car insurance provider for a BMW 4 Series car. The company offers the cheapest annual premium of $1,618. It’s relatively affordable and provides good customer service. However, the company offers few add-ons and could improve its claims handling process.
State Farm provides rental car and/or travel reimbursement and roadside assistance. The rental car and travel reimbursement covers car rental expenses up to certain limits, travel expenses and repayment of up to $500 of a deductible if you cause an accident in your rental car.
The company’s roadside assistance pays for mechanical labor for up to one hour, towing, delivery of gas, oil, battery or change of tire and locksmith labor for up to one hour to unlock a covered car.
MoneyGeek Runner-Up: Travelers
Second most affordable policies
Above-average customer satisfaction score
Offers a good selection of add-on coverages
Average claims experience rating
Travelers is a well-known car insurance provider that offers various coverage options. With competitive rates and customizable coverage plans, Travelers can be a great option for BMW 4 Series owners looking for reliable and affordable car insurance.
The company’s roadside assistance add-on covers unexpected car trouble like a dead battery. Travelers offers accident forgiveness as part of its Responsible Driver Plan. This coverage forgives one accident in a set period to protect against premium increases.
Travelers’ gap insurance helps pay the difference between the actual cash value of a financed or leased car and the unpaid balance if it’s totaled. In addition, new car replacement coverage replaces a totaled car with a brand new one of the same make and model within the vehicle’s first five years.
Cost of Insuring a BMW 4 Series by Model Year
The annual cost of insuring a 2022 BMW 4 Series is approximately $2,082, while insuring a 2015 model costs $1,752 per year. Newer model years are generally pricier to insure due to their higher value and repair costs.
The average cost of car insurance will vary by insurer and model year. State Farm offers the cheapest full coverage rates for a 2015 BMW 4 Series at $1,440 per year, while Nationwide offers the cheapest for a 2022 model at $1,665 per year.
Cost of Insuring a BMW 4 Series for 16- to 25-Year-Olds
The cost to insure a BMW 4 Series depends on the driver's age. Insurance for a 16-year-old costs $8,551 a year, while a 40-year-old pays $1,901 yearly. Young drivers pay more than older ones, but the rates typically level off when drivers reach their 20s and begin to decrease after age 30.
Adding a teen to a family plan is usually cheaper than buying an individual teen car insurance policy. State Farm offers the cheapest individual plan for 16-year-olds at $6,031 per year, while Progressive has the most expensive at $13,310 per year. Families should shop around to find the best deal.