The BMW M4 is a high-performance coupe, which embodies the class that surrounds the BMW brand. This vehicle has been around since 2014, with the latest edition receiving one of the most dramatic redesigns in the German manufacturer’s history. In this guide, you’ll find out how much it costs to insure based on the age and location of the driver.
What insurance group does the BMW M4 fall under?
Every vehicle on the road is assigned a specific insurance group that ranges from 1 (cheapest) to 50 (most expensive), and this determines the cost of your premium. BMW M4 models range from insurance group 42 to 44, meaning insurance costs tend to be a lot higher than average. A 30-year-old driver in an average postcode could pay around £2,182 for cover on a BMW M4 Coupe 2d that is in insurance group 42 or around £2,447 for a BMW M4 Convertible 2d DCT that is in insurance group 44.
These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).
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There are several other factors that affect the cost of your car insurance premium, one of the biggest being your location.
To illustrate this fact, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a BMW M4 Coupe 2d.
Expensive: £9,638 (London SE1)
Average: £2,182 (Newcastle NE1)
Cheap: £1,899 (Galashiels TD1)
These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).
Along with insurance group, here are some more key factors that have the biggest impact on your insurance premium costs:
Engine type and capacity. In general, the larger the engine, the more you’ll pay for your car insurance. For example, it may cost £9,638 for insurance for a BMW M4 Coupe 2d, while you may pay £6,019 for a BMW M4 Convertible 2d DCT. That’s a £15 difference per year depending on the engine size.
Driver location. Insurance companies use your home address to determine the likelihood of your car being stolen or involved in an accident. This affects the cost of insurance. For example, a 30-year-old in central London may pay £6,019 for insurance for a BMW M4 Convertible 2d DCT, while the same 30-year-old in Newcastle may only pay £2,447. That’s a £162 difference based solely on the home address of the motorist.
Driver age. The youngest motorists will pay the most for car insurance, because they are the most likely to get in an accident and make a claim. As an example, the average 20-year-old driver in London may pay £31,513 for the BMW M4 Coupe 2d, while the average 40-year-old Londoner will only pay £8,001. In this example, the younger driver would have to pay almost double to insure the same vehicle.
Other factors that influence the cost of your insurance include:
Your marital status
Your credit history and job
The model of your car
The age of your car
Your car’s safety rating
Your car’s security features
Your car’s anti-theft precautions
Your annual mileage
Your driving history
The length of your no-claim discount
How can I save on my BMW M4 premium?
Car insurance shouldn’t break the bank. However, with this vehicle, it may take some effort to find a deal that’s within your budget. With that in mind, here are some ideas to lower the cost of your premium.
Limit your annual mileage (where possible). If you can occasionally walk or take public transport, rather than using your car, you can cut your annual mileage and save on your premium.
Pay annually rather than monthly. When you pay annually, you eliminate the possibility of being charged interest on monthly repayments.
Install extra safety precautions. By adding additional safety measures, you reduce the odds of making a claim on your policy. That’s why a lot of insurers are happy to lower your premium when you do so.
Shop around for the best deal each year. Don’t blindly accept your renewal quote. In most cases, you’ll find a cheaper deal from a competitor by searching price comparison websites.
BMW M4 facts and trivia
This car used to be named the BMW M3
This car was first made available in 2014, and is still available to buy new today.
Bottom line
The BMW M4 is a powerful and exciting vehicle. It’s very much a dream car for a lot of people. It costs a lot to insure, but the tips in this guide will help you to decrease your insurance premiums.
Frequently asked questions
A BMW M4 can reach a top speed of 190 miles per hour, depending on the model version.
The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.
You can buy a BMW M4 at dealerships, using online sellers or from a current owner.
All models come with a 2-litre diesel engine.
EVO gave the BMW M4 a 4.5-star review, out of 5, and commended the vehicle’s responsive chassis and were impressed by it’s 503bhp engine.
You can compare the costs of BMW M4 car insurance using any price comparison website.
BMW M4 models can be found in insurance groups ranging from 42 to 44 , so you’ll pay more to insure this car, compared to the average vehicle.
*Based on data provided by Consumer Intelligence Ltd, www.consumerintelligence.com (July ’24). 51% of car insurance customers could save £523.17
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Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio
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Danny has written 347 Finder guides across topics including:
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