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The average BMW M550i car insurance rate for 2021 is $3,104 based on the profile of a 30-year-old driver. However, car insurance rates by state vary dramatically based on your ZIP code, among other factors. The state where you live plays a significant role in determining your insurance rate. For example, Michigan is the most expensive state for car insurance with an average insurance cost of $4,953 a year, whereas Wisconsin has the lowest BMW M550i insurance rates for full coverage, with an annual insurance cost of $2,088 on average for drivers aged 30.

Average insurance cost of Bmw M550i by model year
Year of Bmw M550i ModelAverage Cost to Insure

Compare BMW M550i Insurance Rates by State

Company Style Premium(Avg) Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate Ins Grp4 Door Sedan Turbo$1,613$3,362$787$690
Berkshire Hathaway Grp4 Door Sedan Turbo$1,207$2,857$449$316
Farmers Ins Grp4 Door Sedan Turbo$1,365$2,853$668$575
Nationwide Corp Grp4 Door Sedan Turbo$1,709$2,981$1,240$907
Progressive Grp4 Door Sedan Turbo$1,486$3,391$635$432
State Farm Grp4 Door Sedan Turbo$1,601$3,363$843$598

2020 Bmw M550i Insurance Rates

companiesAverage Premium
Progressive Universal Ins Co$1,420
Nationwide Agribusiness Ins Co$1,693
Artisan & Truckers Cas Co$1,725
Progressive Advanced Ins Co$1,828
Nationwide Mut Fire Ins Co$1,867
Progressive Paloverde Ins Co$1,896
Nationwide Affinity Co of Amer$1,906
State Farm Mut Auto Ins Co$1,919
Progressive Garden State Ins Co$2,033
Depositors Ins Co$2,048
Nationwide Mut Ins Co$2,064
Progressive Classic Ins Co$2,075
Allied Prop & Cas Ins Co$2,104
Progressive HI Ins Corp$2,129
State Farm Ind Co$2,280
Nationwide Prop & Cas Ins Co$2,286
Farmers Ins Co Of ID$2,369
Progressive Specialty Ins Co$2,411
Victoria Fire & Cas Co$2,417
Farmers Ins Of Columbus Inc$2,531
Government Employees Ins Co$2,541
Farmers Ins Co Of OR$2,553
Nationwide Ins Co Of Amer$2,599
Progressive Preferred Ins Co$2,616
Progressive Southeastern Ins Co$2,622
Progressive Gulf Ins Co$2,664
Farmers Ins HI Inc$2,676
Progressive Marathon Ins Co$2,687
21st Century Centennial Ins Co$2,689
Progressive Max Ins Co$2,704
Progressive Northwestern Ins Co$2,715
Progressive Direct Ins Co$2,842
Geico Cas Co$2,929
Farmers Ins Co Of WA$2,931
Progressive Cas Ins Co$2,937
Progressive Select Ins Co$2,951
Illinois Farmers Ins Co$2,985
Progressive Northern Ins Co$2,995
Amco Ins Co$3,005
Geico Ind Co$3,067
Allstate NJ Prop & Cas Ins Co$3,186
United Financial Cas Co$3,242
Geico Gen Ins Co$3,397
Allstate Northbrook Ind Co$3,438
Mid Century Ins Co$3,473
Progressive Mountain Ins Co$3,615
Farmers Ins Co Of AZ$3,703
Farmers Ins Co Inc$3,722
Progressive Security Ins Co$4,044
Allstate Ind Co$4,289
Allstate Fire & Cas Ins Co$4,324
Allstate Ins Co$4,359
Allstate Prop & Cas Ins Co$4,582
Berkshire Hathaway Grp$4,645
Farmers Ins Exch$4,978
Colonial Cnty Mut Ins Co$7,859
Average Cost to Insure $2,921/year
Cheapest Rate $1,420/year
Available Trims XDrive

2019 Bmw M550i Insurance Rates

companiesAverage Premium
State Farm Grp$944
Nationwide Corp Grp$1,200
Berkshire Hathaway Grp$1,295
Progressive Grp$1,440
Farmers Ins Grp$1,597
Allstate Ins Grp$1,833
Average Cost to Insure $1,385/year
Cheapest Rate $944/year
Available Trims XDrive

2018 Bmw M550i Insurance Rates

companiesAverage Premium
State Farm Grp$926
Berkshire Hathaway Grp$1,039
Nationwide Corp Grp$1,209
Progressive Grp$1,347
Farmers Ins Grp$1,558
Allstate Ins Grp$1,778
Average Cost to Insure $1,310/year
Cheapest Rate $926/year
Available Trims XDrive