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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$2,881
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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