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
| Year of Bmw M550i Model | Average Cost to Insure |
|---|
| 2020 | $2,881 |
| 2019 | $3,015 |
| 2018 | $2,797 |
Compare BMW M550i Insurance Rates by State
2020 Bmw M550i Insurance Rates
Average Cost to Insure
$2,881
Annual Cheapest Rate
$1,931
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,931 |
| 2 | Progressive | $2,320 |
| 3 | Nationwide | $2,404 |
| 4 | Farmers | $3,076 |
| 5 | Geico | $3,201 |
| 6 | Allstate | $4,351 |
2019 Bmw M550i Insurance Rates
Average Cost to Insure
$3,015
Annual Cheapest Rate
$2,001
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $2,001 |
| 2 | Nationwide | $2,291 |
| 3 | Progressive | $3,087 |
| 4 | Geico | $3,185 |
| 5 | Farmers | $3,353 |
| 6 | Allstate | $4,173 |
2018 Bmw M550i Insurance Rates
Average Cost to Insure
$2,797
Annual Cheapest Rate
$1,938
Available Trims
XDrive
| Rank | Companies | Average Premium |
|---|
| 1 | State Farm | $1,938 |
| 2 | Nationwide | $2,298 |
| 3 | Geico | $2,419 |
| 4 | Progressive | $2,883 |
| 5 | Farmers | $3,247 |
| 6 | Allstate | $3,998 |
Compare BMW insurance rates by model
| Make/Model | Annual 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 |
