2020 BMW M550i Car Insurance Calculator

Discover how changing risk factors impact the insurance cost for a 2020 BMW M550i. Experiment with credit rating, policy coverages, liability limits, and coverage deductibles to see the impact on rates. Know immediately if rates get cheaper or more expensive and why.

The average estimated car insurance premium for a 2020 BMW M550i is $3,110 per year, or about $259 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

$3,110

Cost Per Month

$259

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 M550i 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 2020 BMW M550i.

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.

$3,110
Average Rate
Your Rate
$3,110

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 2020 BMW M550i 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 2020 BMW M550i is $3,110.

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.

2020 BMW M550i vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2020 BMW M550i against all other models in the midsize luxury car segment. The BMW M550i 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 M550i, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M550i.

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

2020 BMW M550i Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura ILX$1,886-$1,224
2Lexus RC 300$2,168-$942
3Mercedes-Benz SLC300$2,230-$880
4Lexus ES 350$2,238-$872
5Lincoln MKZ$2,248-$862
6Mercedes-Benz AMG CLA45$2,268-$842
7Jaguar XE$2,272-$838
8Lexus IS 300$2,276-$834
9Audi A3$2,316-$794
10Cadillac CT5$2,354-$756
11Audi S5$2,414-$696
12Lexus GS 350$2,478-$632
13Mercedes-Benz E350$2,488-$622
14Lexus ES 300H$2,526-$584
15Audi S4$2,550-$560
16BMW 530i$2,558-$552
17BMW 540i$2,582-$528
18Mercedes-Benz CLA250$2,598-$512
19Genesis G80$2,604-$506
20Audi A6$2,614-$496
21Mercedes-Benz E450$2,644-$466
22BMW 430i$2,666-$444
23Mercedes-Benz CLS450$2,700-$410
24Jaguar XF$2,702-$408
2020 Midsize Luxury Car Average$2,704-$406
25BMW 440i$2,796-$314
26Mercedes-Benz AMG C43$2,804-$306
27Mercedes-Benz SL450$2,822-$288
28Audi RS 5$2,838-$272
29Audi S6$2,898-$212
30Infiniti Q50$2,926-$184
31BMW 530e$2,942-$168
32Lexus GS F$3,016-$94
33Mercedes-Benz AMG C63$3,056-$54
34BMW M550i$3,110--
35Mercedes-Benz SL550$3,136$26
36Tesla Model S$3,192$82
37Audi A7$3,236$126
38Lexus LC 500H$3,320$210
39Audi S7$3,444$334
40BMW M8$3,448$338
41BMW M5$3,494$384

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.

2020 M550i Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 BMW M550i.

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.

2020 BMW M550i Insurance Rates by Trim Level
2020 BMW M550i Trim Level Annual Premium Cost Per Month
xDrive Executive Sedan$3,110$259
xDrive Rear Entertainment Sedan$3,110$259
xDrive Sedan$3,110$259

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 2020 BMW M550i for different driver ages.

2020 BMW M550i Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$10,999$917
17$10,775$898
18$9,878$823
19$8,886$741
20$6,842$570
21$6,524$544
22$5,863$489
23$4,704$392
24$4,481$373
25$3,632$303
30$3,338$278
35$3,186$266
40$3,110$259
45$2,890$241
50$2,726$227
55$2,548$212
60$2,560$213
65$2,744$229
70$2,922$244
75$3,402$284
80$4,212$351

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 M550i trim levels.