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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 model | Average cost to insure |
|---|---|
| 2023 | $3,709 |
| 2022 | $3,106 |
| 2021 | $2,926 |
| 2020 | $3,001 |
| 2019 | $3,015 |
Compare Bmw M550i insurance rates by state
| Company | Style | Average annual premium |
|---|---|---|
| State Farm | 4WD 4 Door Sedan Automatic DOHC Turbo | $2,160 |
| Nationwide | 4WD 4 Door Sedan Automatic DOHC Turbo | $2,981 |
| Progressive | 4WD 4 Door Sedan Automatic DOHC Turbo | $3,412 |
| Geico | 4WD 4 Door Sedan Automatic DOHC Turbo | $3,700 |
| Allstate | 4WD 4 Door Sedan Automatic DOHC Turbo | $5,910 |
Bmw M550i insurance rates per year
2023 Bmw M550i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,358 |
| 2 | Nationwide | $2,741 |
| 3 | Geico | $3,605 |
| 4 | Progressive | $3,636 |
| 5 | Farmers | $4,841 |
| 6 | Allstate | $5,075 |
2022 Bmw M550i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $2,018 |
| 2 | Nationwide | $2,311 |
| 3 | Progressive | $2,926 |
| 4 | Geico | $2,987 |
| 5 | Farmers | $3,855 |
| 6 | Allstate | $4,537 |
2021 Bmw M550i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,860 |
| 2 | Progressive | $2,167 |
| 3 | Nationwide | $2,284 |
| 4 | Farmers | $3,032 |
| 5 | Geico | $3,561 |
| 6 | Allstate | $4,654 |
2020 Bmw M550i insurance rates
| Rank | Company | Average annual premium |
|---|---|---|
| 1 | State Farm | $1,926 |
| 2 | Nationwide | $2,374 |
| 3 | Progressive | $2,694 |
| 4 | Geico | $3,201 |
| 5 | Farmers | $3,462 |
| 6 | Allstate | $4,351 |
2019 Bmw M550i insurance rates
| Rank | Company | Average annual 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
| Rank | Company | Average annual 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 |
