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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 M550i is $2,881 per year or $240 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 2020 Bmw M550i costs $2,881 per year, whereas the 2019 Bmw M550i costs $3,015 annually. State Farm offers the cheapest annual rate for 2020 Bmw M550i $1,931 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 M550i by model year
Graph
Table
Year of Bmw M550i ModelAverage Cost to Insure
2020$2,881
2019$3,015
2018$2,797

Compare BMW M550i Insurance Rates by State

L O A D I N G
Company Style Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate4 Door Sedan Turbo$3,362$787$690
Geico4 Door Sedan Turbo$2,857$449$316
Farmers4 Door Sedan Turbo$2,853$668$575
Nationwide4 Door Sedan Turbo$2,981$1,240$907
Progressive4 Door Sedan Turbo$3,391$635$432
State Farm4 Door Sedan Turbo$3,363$843$598

2020 Bmw M550i Insurance Rates

Average Cost to Insure $2,881
Annual Cheapest Rate $1,931
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,931
2Progressive$2,320
3Nationwide$2,404
4Farmers$3,076
5Geico$3,201
6Allstate$4,351

2019 Bmw M550i Insurance Rates

Average Cost to Insure $3,015
Annual Cheapest Rate $2,001
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$2,001
2Nationwide$2,291
3Progressive$3,087
4Geico$3,185
5Farmers$3,353
6Allstate$4,173

2018 Bmw M550i Insurance Rates

Average Cost to Insure $2,797
Annual Cheapest Rate $1,938
Available Trims XDrive
RankCompaniesAverage Premium
1State Farm$1,938
2Nationwide$2,298
3Geico$2,419
4Progressive$2,883
5Farmers$3,247
6Allstate$3,998

Compare BMW insurance rates by model

Make/ModelAnnual Rates
BMW I8$3,571/year
BMW Alpina$3,139/year
BMW 740I$2,619/year
BMW 440I$2,414/year
BMW 230I$2,015/year
BMW X3$1,760/year
BMW X1$1,641/year
BMW M4$2,924/year
BMW 530I$2,311/year
BMW 330I$2,104/year

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