Ashlee Tilford Written by Ashlee Tilford
Managing Editor

Ashlee is a dynamic business writer and editor with a focus on personal finance. With an MBA and more than fourteen years in the finance industry, Ashlee brings a practical and relatable perspective to insurance topics. She is passionate about empowering others to achieve financial success and protect their assets. When Ashlee isn't writing and editing, she enjoys spending time with her partner, dog and chickens on their farm in Kentucky.


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Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw 530i is $2,840 per year or $237 per month. However, these rates can vary depending on your location, driving history, age, and other factors.

The auto insurance rates also change based on the vehicle’s model year. For example, the 2023 Bmw 530i costs $2,840 per year, whereas the 2022 Bmw 530i costs $2,388 annually. State Farm offers the cheapest annual rate for 2023 Bmw 530i $1,923 per year.

Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.

Average insurance cost of Bmw 530i by model year

Year of Bmw 530i ModelAverage Cost to Insure
2023$2,840
2022$2,388
2021$2,332
2020$2,285
2019$2,410
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Compare Bmw 530i insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate2WD 4 Door Sedan Automatic DOHC Turbo$4,377
Geico2WD 4 Door Sedan Automatic DOHC Turbo$3,212
Farmers2WD 4 Door Sedan Automatic DOHC Turbo$3,983
Nationwide2WD 4 Door Sedan Automatic DOHC Turbo$3,924
Progressive2WD 4 Door Sedan Automatic DOHC Turbo$2,017
State Farm2WD 4 Door Sedan Automatic DOHC Turbo$2,825

Bmw 530i insurance rates per year

2023

2023 Bmw 530i insurance rates

Average cost to insure $2,840
Annual cheapest rate $1,923
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,923
2Nationwide$2,401
3Geico$2,552
4Progressive$2,889
5Farmers$3,152
6Allstate$4,120
2022

2022 Bmw 530i insurance rates

Average cost to insure $2,388
Annual cheapest rate $1,608
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,608
2Geico$2,092
3Nationwide$2,096
4Progressive$2,301
5Farmers$2,634
6Allstate$3,599
2021

2021 Bmw 530i insurance rates

Average cost to insure $2,332
Annual cheapest rate $1,507
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,507
2Progressive$1,648
3Nationwide$1,994
4Geico$2,379
5Farmers$2,706
6Allstate$3,755
2020

2020 Bmw 530i insurance rates

Average cost to insure $2,285
Annual cheapest rate $1,685
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,685
2Progressive$1,921
3Nationwide$2,104
4Geico$2,128
5Farmers$2,309
6Allstate$3,562
2019

2019 Bmw 530i insurance rates

Average cost to insure $2,410
Annual cheapest rate $1,757
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,757
2Nationwide$1,991
3Geico$2,170
4Progressive$2,247
5Farmers$2,939
6Allstate$3,354
2018

2018 Bmw 530i insurance rates

Average cost to insure $2,330
Annual cheapest rate $1,718
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,718
2Geico$1,973
3Nationwide$2,093
4Progressive$2,203
5Farmers$2,845
6Allstate$3,149
2017

2017 Bmw 530i insurance rates

Average cost to insure $2,291
Annual cheapest rate $1,704
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,704
2Geico$1,862
3Progressive$2,161
4Nationwide$2,191
5Farmers$2,767
6Allstate$3,061
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