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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
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Table
Year of Bmw M550i ModelAverage Cost to Insure
2020$2,921
2019$1,385
2018$1,310

Compare BMW M550i Insurance Rates by State

L O A D I N G
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