Compare the Cost of BMW 4 Series Insurance by Model Year and Company


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ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

Advertising & Editorial Disclosure

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.

MoneyGeek Logo IconCar Insurance CostsBMW 4 Series
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a BMW 4 Series.

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We updated these rates to reflect the average cost of car insurance for a BMW 4 Series as of 2023.

10Companies Compared
 
23,904 Quotes Analyzed

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,618
NationwideAverage Annual Premium$1,734
GEICOAverage Annual Premium$1,753
TravelersAverage Annual Premium$1,758
ProgressiveAverage Annual Premium$2,136
FarmersAverage Annual Premium$2,200
AllstateAverage Annual Premium$2,363

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

State Farm

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Offers the most affordable pricing

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Good customer satisfaction rating

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Offers roadside assistance

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Offers few coverage add-ons

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Below-average claims handling score

COMPANY HIGHLIGHTS

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.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: Travelers

Travelers

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Second most affordable policies

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Above-average customer satisfaction score

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Offers a good selection of add-on coverages

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Average claims experience rating

COMPANY HIGHLIGHTS

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.

Read MoneyGeek's Travelers Auto Insurance Review

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$2,082
2021Average Annual Premium$2,038
2020Average Annual Premium$1,954
2019Average Annual Premium$1,925
2018Average Annual Premium$1,868
2017Average Annual Premium$1,803
2016Average Annual Premium$1,790
2015Average Annual Premium$1,752

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.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
NationwideAverage Annual Premium$1,665
TravelersAverage Annual Premium$1,844
State FarmAverage Annual Premium$1,845
GEICOAverage Annual Premium$1,932
ProgressiveAverage Annual Premium$2,324
FarmersAverage Annual Premium$2,433
AllstateAverage Annual Premium$2,818

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$8,551
17Average Annual Premium$6,994
18Average Annual Premium$6,186
19Average Annual Premium$4,335
20Average Annual Premium$3,941
21Average Annual Premium$3,060
22Average Annual Premium$2,834
23Average Annual Premium$2,635
24Average Annual Premium$2,503
25Average Annual Premium$2,247

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.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$6,031
NationwideAverage Annual Premium$6,849
TravelersAverage Annual Premium$7,761
GEICOAverage Annual Premium$9,031
FarmersAverage Annual Premium$11,590
AllstateAverage Annual Premium$11,961
ProgressiveAverage Annual Premium$13,310

How Does Location Affect the Cost of BMW 4 Series Insurance?

Many factors influence the insurance price for a BMW 4 Series, including the model year, driver age and location. Where you live can significantly impact the cost of insurance, so the least expensive insurance company for a particular car model can vary by state.

Always obtain estimates from your state's most economical car insurance providers when looking for coverage for your BMW 4 Series.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73

Frequently Asked Questions About BMW 4 Series Insurance

Drivers shopping for car insurance for BMW 4 Series may have questions about cost and quality. MoneyGeek provides answers to help you get started.

What company has the cheapest car insurance for a BMW 4 Series?
What company offers the best car insurance for a BMW 4 Series?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.