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 M550i is $3,709 per year or $309 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 M550i costs $3,709 per year, whereas the 2022 Bmw M550i costs $3,106 annually. State Farm offers the cheapest annual rate for 2023 Bmw M550i $2,358 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 ModelAverage Cost to Insure
2023$3,709
2022$3,106
2021$2,926
2020$3,001
2019$3,015
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Compare Bmw M550i insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate4WD 4 Door Sedan Automatic DOHC Turbo$4,748
Geico4WD 4 Door Sedan Automatic DOHC Turbo$4,582
Farmers4WD 4 Door Sedan Automatic DOHC Turbo$4,036
Nationwide4WD 4 Door Sedan Automatic DOHC Turbo$5,327
Progressive4WD 4 Door Sedan Automatic DOHC Turbo$4,345
State Farm4WD 4 Door Sedan Automatic DOHC Turbo$3,339

Bmw M550i insurance rates per year

2023

2023 Bmw M550i insurance rates

Average cost to insure $3,709
Annual cheapest rate $2,358
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$2,358
2Nationwide$2,741
3Geico$3,605
4Progressive$3,636
5Farmers$4,841
6Allstate$5,075
2022

2022 Bmw M550i insurance rates

Average cost to insure $3,106
Annual cheapest rate $2,018
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$2,018
2Nationwide$2,311
3Progressive$2,926
4Geico$2,987
5Farmers$3,855
6Allstate$4,537
2021

2021 Bmw M550i insurance rates

Average cost to insure $2,926
Annual cheapest rate $1,860
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,860
2Progressive$2,167
3Nationwide$2,284
4Farmers$3,032
5Geico$3,561
6Allstate$4,654
2020

2020 Bmw M550i insurance rates

Average cost to insure $3,001
Annual cheapest rate $1,926
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,926
2Nationwide$2,374
3Progressive$2,694
4Geico$3,201
5Farmers$3,462
6Allstate$4,351
2019

2019 Bmw M550i insurance rates

Average cost to insure $3,015
Annual cheapest rate $2,001
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$2,001
2Nationwide$2,291
3Progressive$3,087
4Geico$3,185
5Farmers$3,353
6Allstate$4,173
2018

2018 Bmw M550i insurance rates

Average cost to insure $2,797
Annual cheapest rate $1,938
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,938
2Nationwide$2,298
3Geico$2,419
4Progressive$2,883
5Farmers$3,247
6Allstate$3,998
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