Cheap BMW M4 Car Insurance in 2024 (Unlock Big Savings From These 10 Companies!)

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

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.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#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.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#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.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#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.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

#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

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.

1. 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?.”
2.  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.
3. 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.
4. 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.
5. 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.
6. 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.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption

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.

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.

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.

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.

Find cheap car insurance quotes by entering your ZIP code below.

Compare The Best Insurance Quotes In The Country

Compare quotes from the top insurance companies and save!

Auto Home Health Life Business Motorcycle Pet Medicare Rental

 Secured with SHA-256 Encryption