BMW i4 running costs & insurance

The savings really stack up here, with i4 owners enjoying zero road tax, very low company-car tax, reasonable insurance ratings, strong residuals and affordable servicing

Overall rating

4.5 out of 5

Running costs & insurance rating

4.5 out of 5

Insurance groupWarrantyService intervalAnnual company-car tax cost (20%/40%)
35-433yrs/unlimited miles2yrs/20,000 milesFrom £225/£449

BMWs have never been cheap cars to buy and that’s certainly the case for its electric models – but the i4 will be cheap to run. Its insurance ratings are about the same as for a similarly powerful petrol BMW, there’s no road tax (VED) to pay until 2025 and company-car Benefit-in-Kind (BiK) bills will be a fraction of what they would be for a diesel or petrol-engined equivalent. Servicing is also cheaper and less frequent than for a combustion-engined BMW.

BMW i4 insurance group

Insurance groupings for the i4 start at 34 for the entry-level eDrive40 model. That’s actually not too bad when you consider that the equivalent (but less powerful) petrol-engined 430i Gran Coupe is only one group lower. The big jump up to group 43 for the i4 M50 is reflective of that model’s significantly higher power output.

Warranty

Like all new BMWs sold in the UK, the i4 is covered by a three-year manufacturer warranty, with no mileage limit during that time. BMW’s ‘i’ electric-car warranty also includes BMW Mobile Care and protection for the car’s high-voltage battery for up to eight years or 100,000 miles.

Servicing

As with all electric cars, BMW i4 servicing will be pleasingly affordable. The car only needs attention every two years or 20,000 miles, whichever comes first. A pay-monthly service plan costs £15 a month across three years (or £540 total), compared to £25 a month for a petrol or diesel-engined 4 Series Gran Coupe.

Road tax

Like all electric cars, the BMW i4 is zero-rated for road tax (VED) until 2025 and will remain exempt from the London Congestion Charge until 2025 too.

Depreciation

According to February 2022 data from CDL Vehicle Information Services (CDL VIS), the i4 eDrive40 is projected to retain nearly 58% of its list price after three years or 36,000 miles on the road. An above-average figure like this is typical of BMWs and should translate to affordable monthly finance payments.

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