BMW i4 Insurance Cost

The BMW i4 luxury sports car sedan comprises the i3 hatchback and i8 sports cars, and is a German electric vehicle maker’s range of electric cars. The series BMW i4 insurance cost should be slightly more expensive than the standard BMW sedan for the electric motor and sporty building of this automobile. The BMW i4 is anticipated to have an average cost of $227/month, or $2,724/an. The yearly cost-to-base insurance price ratio is 5 percent at base price of $50,000 somewhat above the domestic average 4 per cent, suggesting that the insurance is a very reasonable luxury automobile.

How do I compare insurance for the BMW i4?

Electric car owning is not very different from a normal automobile, however there are several essential elements that determine your insurance cost:

BMW i4 Insurance Cost - BMW Logo
  • Body type. The i4 is a sporty sedan and is placed at the bottom of vehicle insurance. This is cheaper than a truck, but more than a conventional car.
  • Fuel. There are no gasoline expenses associated with the i4, the beauty of an electric car is only charge.
  • Engine power. The BMW i4 is likely to include several power and pricing choices but two electric motors with all-round drive and an acceleration of 0-60 four seconds should be the greatest option. The increased power might make insurance more expensive than less powered or lower-cost automobiles.
  • Theft rates. There are not enough statistics from theft since a new release, however the similar BMW 3 series is the least stolen automobile in the United States. Similarly low rates on the i4 are expected.
  • Maintenance. Based on robust cars manufactured by BMW, you may anticipate the i4 to have minimal maintenance expenses that can assist decrease insurance rates. The i3 is the lowest-cost electric car to keep in the United States.
  • Coverage. You wish to get the full i4 coverage, including collision, full coverage and liability, with an initial fee of $50,000. You might also try covering glass.
  • Insurer options. The insurance firms which cover the i4 should be allowed to choose the best offer. there should be no limitations.
  • Warranty. The i4 is within BMW’s Ultimate Care Maintenance Supplement, which covers three or 36,000 miles and includes help on the road. The plan may be extended for one to four more years, or up to 50,000 to 125,000 miles.
  • Manufacturer offer. BMW frequently provides the manufacturer discounts, including cash back and APRs, on its electric car series.

Does the BMW i4 qualify for discounts?

In addition to the above car discounts, some insurance providers offer a special discount for electric vehicles:

  • Electric vehicle discount
  • New car discount
  • Antitheft discount
  • Anti Lock brake discount
  • Passive restraint discount

Why is BMW i4 insurance cost so expensive?

The BMW i4 is a premium car and electric vehicle. These two variables increase the cost of the insurance because of high priced substitutes and a higher degree of coverage.

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How reliable is the BMW i4?

Preview safety ratings for this new model through various safety ratings of BMW.

  • Safety. Similar sedan i3 from BMW is rated by the US News as 9.2 out of 10 for safety. In its four-six categories, the Insurance Institute for Highway Safety (IIHS) offers it an excellent rating, an advanced front-clash rating and an adequate back-clash rating. The BMW i4 has similar safety characteristics.
  • Reliability. The same dependability as BMW in other models may be expected. From the consumer reports website, the BMW i3 has acquired good dependability markings. Two electric motors of the i4 with a range of up to 350 miles are reported early.
  • Recalls. With any of its electric car models BMW has no recalls thus i4 can experience comparable rates of recall.

Bottom line

The i4 is a luxurious sports electric automobile, hence higher insurance premiums. But you might be able to offset the high insurance costs by saving fuel from converting to an electric vehicle and getting on top. You may also seek a healthcare insurance provider with additional discounts and an electric automobile.

Max your BMW i4 savings and compare various insurance companies.

Check out our review of BMW 3 Series Insurance Cost.