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Cheapest Bmw M4 Competition Car Insurance (Mar 2024)

Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your Bmw M4 Competition
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Andrea Barrett
Expert Insurance Writer
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Kianna Walpole, Expert Insurance Writer & Editor

How much does Bmw M4 Competition car insurance cost? 

On average, Bmw M4 Competition drivers spend $118 each month on state minimum car insurance, and $236 per month on full coverage insurance. Compared to other Bmw M4 models, the Bmw M4 Competition is 29% less expensive to insure. 
Many factors play a role in determining your Bmw M4 Competition car insurance costs, from your age and address to your driving record, insurance history, and coverage levels. The vehicle you own is just one piece of the calculations that insurance companies run when generating a quote. 

Compare the cheapest Bmw M4 Competition car insurance quotes

This may feel complicated, but it doesn’t have to be. As a trusted insurance broker and free quote comparison tool, Jerry is an essential resource for Bmw M4 Competition owners.
Check out the table below to see real, free quotes that real people have gotten from Jerry.
DateCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
March 29, 2024
Bristol West
$106
• State Minimum Liability
March 21, 2024
Progressive
$137
• 50,000/100,000 Liability
• Comp / Collision
coverageLast Updated Mar 29, 2024
It’s important to remember that auto insurance rates can vary significantly, even for the same car model and trim. For instance, driver age has a major impact on rates: an 18-year-old driver will pay a much higher premium for a t Bmw M4 Competition insurance policy than a 30-year-old driver. 
While
average rates
are helpful, shopping for
personalized quotes
is the best way to find out how much you can expect to pay for t Bmw M4 Competition car insurance.

The best car insurance companies for Bmw M4 Competition owners

There is no best car insurance company for all Bmw M4 Competition owners. That’s because car insurance quotes are based on factors unique to you—your age, your address, your driving history, your deductibles, and more. 
The cheapest insurance company for one Bmw M4 Competition driver might give higher quotes to another person—even though they’re insuring the exact same model and trim.  
Besides price, you also need to consider other factors such as claim handling and customer service. 
To help drivers better compare different
car insurance companies
, Jerry’s conducted the largest insurance shopping survey in the nation to learn about drivers’ satisfaction with the prices, customer service, claims handling, and overall experience of different auto insurance companies.
 The table below shows how Bmw M4 Competition drivers rate different companies.

Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
Safeco
4.6
4.4
4
4.5
Travelers
4.5
4.2
4.4
4.5
Progressive
4.3
3.9
3.9
4.3
AAA
4.2
4
3.8
4.4
Allstate
4.2
3.6
3.8
4.2
USAA
4
3.5
4.5
4.2
State Farm
4
3.4
3.8
4.2
Farmers
4
3.4
4.1
3.9
Geico
3.9
3.3
3.9
4
Liberty Mutual
3.7
3.2
3.5
3.7
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How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

How much does Bmw M4 Competition insurance cost?

From our experience helping lots of Bmw M4 Competition drivers lower their car insurance rates, we found that the average cost of minimum liability coverage is $118 per month or $1,416 per year. 
The average cost for full coverage insurance is $236 per month or $2,832 per year.
Insurance CoverageAverage insurance cost (monthly)Average insurance cost (yearly)
State minimum coverage
$118
$1,416
Full coverage
$236
$2,832

How much car insurance do you need for a Bmw M4 Competition?

Minimum coverage insurance
is the minimum amount of coverage legally required in your state, which typically includes basic liability insurance. 
Full coverage insurance
, on the other hand, provides financial protection for damage to yourself, your vehicle, and other vehicles and passengers involved in an accident.

How do Bmw M4 Competition insurance quotes compare to other Bmw M4 car insurance rates?

BMW M4 car insurance rates are highly individualized based on the driver and the trim level. Some trims are more expensive to insure than others due to higher MSRPs, larger engines, and more tech features.
Generally, the faster and more powerful the car, the higher the risk and the more expensive your vehicle will be to insure. Similarly, more luxury and tech features in a car mean higher repair and replacement costs, increasing insurance rates.
The classification of your car also influences how much you’ll pay for insurance. BMW offers a range of vehicles, from family-friendly sedans and SUVs to high-performance sports cars—the M4 sits somewhere in between. The M series BMWs offer drivers the perfect blend of luxury and performance and, unfortunately, the not-so-perfectly high insurance rates.
The base-level M4 coupe has a turbocharged 3.0-liter six-cylinder engine generating 473 horsepower, while the Competition and Competition xDrive is upgraded to a more powerful 503 horsepower engine. A larger and more powerful engine translates to a higher risk of accidents, which means higher costs for insurance.
Based on this, the M4 Competition sits around the middle ground where insurance costs are concerned—it has a larger engine and more features than the base coupe, but it’s not quite as powerful and has fewer features than the top-of-the-line M4 CSL coupe. 
Take a look at the table below to see how BMW M4 Competition auto insurance rates compare to other popular trim levels of the BMW M4.
Updates to table: 
Car Model & Trim
Average State Minimum Insurance Cost
Average Full Coverage Insurance Cost
BMW M4 Competition
$123
$498
BMW M4 CS
$102
$424
BMW M4
$124
$448
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Bmw M4 Competition insurance cost by model year

Your Bmw M4 Competition insurance costs depend in part on when your vehicle was manufactured—i.e., the model year.
Newer models tend to be more expensive to insure, thanks to a higher cash value and hard-to-replace tech. If you drive an older Bmw M4 Competition model, you’ll likely pay a lower rate.

2022 Bmw M4 Competition car insurance quotes

It's important to remember that car insurance rates are as unique at the drivers themselves. The best way to understand how much you might pay is to compare real quotes like the ones below from different insurance companies. Check out some real quotes Jerry compared for 2022 Bmw M4 Competition drivers below:
CarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
Progressive
$137
• 50,000/100,000 Liability
• Comp / Collision
Bristol West
$106
• State Minimum Liability
coverageLast Updated Mar 29, 2024

Are Bmw M4 Competitions expensive to insure? 

Compared to the national average for other models from a similar price range, a BMW M4 Competition is 12% less expensive to insure.
Insurance companies use several factors to calculate insurance rates. Some driver-specific factors include age, driving record, location, insurance and claims history, and credit score. On the other hand, insurers also consider vehicle-specific factors like your M4s engine size, features, model year, and MSRP.
For example, the average BMW M4 Competition insurance cost for full coverage is $384 per month, while a 2023 BMW M4 Competition averages $611 per month. Newer models typically have different features that increase the MSRP and, therefore, the amount an insurer would have to pay out in the event of a claim. As a result, newer models come with higher insurance costs. 
In comparison, the average cost of a full coverage policy for a 2022 and 2023 BMW 430I are $361 per month and $555 per month, respectively, making the BMW M4 Competition more expensive to insure.
Take a look at the table below to see how auto insurance rates for the BMW M4 Competition compare to similar vehicles:
ModelAverage State Minimal Insurance CostAverage Full Coverage Insurance Cost
Bmw Activehybrid
$40
$161
Bmw i8
$46
$233
$48
$243
$52
$240
Bmw 545
$59
$147
Bmw M340
$65
$242
Bmw M240
$74
$192
Bmw 335
$75
$170
Bmw X2
$78
$185
$83
$307
Bmw 640
$85
$290
Bmw i3
$85
$216
Bmw 430
$86
$203
Bmw 745
$86
$235
$86
$208
$87
$186
$90
$141
Bmw 128
$91
$198
$91
$207
Bmw 323
$92
$213
Bmw 328
$97
$260
Bmw i4
$97
$178
Bmw 330
$100
$178
Bmw 645
$101
$239
Bmw Z4
$101
$276
$103
$160
Bmw 528
$104
$221
$106
$196
Bmw M235
$107
$248
$108
$221
$109
$239
$110
$251
$111
$214
$114
$210
$114
$197
Bmw 440
$115
$242
$117
$199
$118
$236
Bmw 228
$119
$236
Bmw 320
$120
$228
Bmw 135
$127
$200
Bmw 230
$134
$175
Bmw X6
$153
$204
Bmw M550
$160
$217
Bmw M440
$163
$242
Bmw 340
$168
$268
Bmw 740
$170
$199

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet our experts

avatar
Andrea Barrett
Andrea Barrett is an insurance writer with five years of experience in writing and publishing. Andrea specializes in car insurance, maintenance, and brand reviews, and her mission is to create comprehensive and useful content readers can use to help lower their car-related expenses. Andrea has written nearly 1,500 articles for Jerry on topics ranging from first-time buyer programs to insurance costs and vehicle life expectancies.
Before joining Jerry, Andrea co-founded a successful health food business and created content for clients in the health and wellness industry.
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Kianna Walpole
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Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
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Josh Damico
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Head Of Insurance Operations
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18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.