2016 BMW 550i Car Insurance Calculator

View in real-time how life choices affect car insurance rates for a 2016 BMW 550i. Modify choices like driver gender, whether you're married or single, the state and city you live in, and homeowner status. Instantly see if insurance rates get cheaper or more expensive.

The average estimated car insurance premium for a 2016 BMW 550i is $2,362 per year, or about $197 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,362

Cost Per Month

$197

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW 550i Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2016 BMW 550i.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,362
Average Rate
Your Rate
$2,362

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2016 BMW 550i trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2016 BMW 550i is $2,362.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2016 BMW 550i vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2016 BMW 550i against all other models in the midsize luxury car segment. The BMW 550i is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW 550i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW 550i.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2016 BMW 550i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Lexus ES 350$1,618-$744
2Acura ILX$1,686-$676
3Lexus IS 300$1,792-$570
4Volvo S80$1,834-$528
5Mercedes-Benz C350E$1,842-$520
6Lexus RC 300$1,856-$506
7Audi A3$1,888-$474
8Mercedes-Benz AMG CLA45$1,910-$452
9Lincoln MKZ$1,914-$448
10Lexus ES 300H$1,924-$438
11Audi A6$1,936-$426
12Mercedes-Benz CLA250$1,982-$380
13BMW 528i$2,020-$342
14Lexus GS 350$2,036-$326
15Mercedes-Benz E350$2,062-$300
16Audi S4$2,064-$298
17Mercedes-Benz SLK55 AMG$2,068-$294
18BMW 428xi$2,072-$290
19Jaguar XF$2,084-$278
20Cadillac ELR$2,090-$272
21Mercedes-Benz C450 AMG$2,100-$262
22BMW 428i$2,106-$256
23Audi S5$2,116-$246
24Hyundai Genesis$2,130-$232
25BMW 528xi$2,138-$224
26Infiniti Q50$2,144-$218
27BMW 535xi$2,150-$212
28BMW 435xi$2,174-$188
29Mercedes-Benz E250$2,192-$170
30Mercedes-Benz SL400$2,210-$152
31BMW Active 5$2,218-$144
32BMW 435i$2,224-$138
2016 Midsize Luxury Car Average$2,227-$135
33BMW 535d$2,250-$112
34Mercedes-Benz E400$2,300-$62
35BMW 535i$2,308-$54
36Mercedes-Benz E550$2,320-$42
37Audi S6$2,358-$4
38BMW 550i$2,362--
39Mercedes-Benz CLS400$2,436$74
40BMW 550xi$2,452$90
41Mercedes-Benz SL550$2,456$94
42BMW 640i$2,490$128
43Audi A7$2,504$142
44BMW 640xi$2,510$148
45BMW M5$2,518$156
46Audi S7$2,522$160
47Tesla Model S$2,590$228
48Mercedes-Benz S550E$2,594$232
49BMW 650xi$2,610$248
50Lexus GS F$2,622$260
51BMW M6$2,796$434
52Mercedes-Benz SL63 AMG$2,876$514
53Mercedes-Benz SL65 AMG$3,584$1,222

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2016 550i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2016 BMW 550i.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2016 BMW 550i Insurance Rates by Trim Level
2016 BMW 550i Trim Level Annual Premium Cost Per Month
Sedan$2,362$197

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2016 BMW 550i for different driver ages.

2016 BMW 550i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$8,419$702
17$8,168$681
18$7,343$612
19$6,673$556
20$5,115$426
21$4,879$407
22$4,370$364
23$3,574$298
24$3,383$282
25$2,748$229
30$2,518$210
35$2,424$202
40$2,362$197
45$2,206$184
50$2,088$174
55$1,948$162
60$1,954$163
65$2,088$174
70$2,252$188
75$2,646$221
80$3,262$272

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW 550i trim levels.