- BMW 530i insurance costs $2,916 per year on average for a full coverage policy, depending on the trim level.
- The BMW 530i is one of the cheaper midsize luxury cars to insure, costing $28 less per year on average as compared to the rest of the vehicles in the segment.
- The 530i Sedan trim level is the cheapest to insure at around $2,864 per year. The most expensive trim is the xDrive Executive at $2,964 per year.
- Opting for an older BMW 530i could save $590 or more each year on the cost of insurance.
How much does BMW 530i car insurance cost?
BMW 530i insurance rates average $2,916 annually, or $243 if paid each month. Overall, expect to pay about $28 less annually for BMW 530i insurance compared to the average rate for all midsize luxury cars, and $640 more per year than the $2,276 national average for all vehicles.
The chart below illustrates how average car insurance rates for a 2024 BMW 530i fluctuate with changes in driver age and different policy deductibles. The cost values vary from the cheapest policy cost of $2,010 per year for a 60-year-old driver with high policy deductibles to a high policy cost of $6,892 per year for a 20-year-old driver with $250 deductibles.
The insurance rate chart above displays a small number of insurance cost estimates. If we displayed every rate for every driver profile and risk factor, including all four 530i trim levels and all 40,000+ zip codes in the U.S., the chart would have 387,072,000,000 possible rates.
Another example of extreme rate variability is the fact that you can buy a liability-only policy in the cheapest areas of Maine or Iowa can be as low as $203 a year. But for the same style of BMW 530i, a teen driver with a poor driving record in Los Angeles could get an insurance bill for $20,595 a year for a full coverage policy.
Some other data insights as they relate to BMW 530i insurance cost include:
- High-risk 530i insurance is expensive. For a 40-year-old driver, the need to buy a high-risk policy can potentially increase rates by $3,518 or more per year.
- A good driving record means cheaper insurance rates. In order to get the cheapest 530i insurance rates, it pays to not be aggressive behind the wheel. As few as two minor lapses of judgment on your driving record could result in spiking 530i insurance rates by up to $772 per year. Serious convictions like reckless driving could raise rates by an additional $2,700 or more.
- No accidents mean better rates. Having at-fault accidents will cost you more, possibly up to $4,146 per year for a 20-year-old driver and as much as $684 per year for a 60-year-old driver.
- Your job could save you a few bucks. Just about all auto insurance providers offer policy discounts for specific occupations like college professors, lawyers, farmers, members of the military, doctors, and other occupations. If you qualify for this occupational discount, you could save between $87 and $233 on your car insurance bill.
- Bring up your credit score and save. In states that encourage credit history to be used as a rating factor, having a credit score above 800 could save $458 per year over a slightly lower credit score between 670-739. Conversely, an imperfect credit score below 579 could cost up to $531 more per year.
How does BMW 530i insurance compare?
When compared to other midsize luxury car models, full coverage insurance for a BMW 530i costs $410 more per year than the Lexus ES 350, $200 more than the Infiniti Q50, $448 more than the Mercedes-Benz CLA250, and $192 less than the Audi A6.
The BMW 530i ranks 17th out of 34 total vehicles in the 2024 midsize luxury car segment. The 530i costs an average of $2,916 per year for full coverage insurance and the category median rate is $2,944 annually, a difference of $28 per year.
The chart below shows where the 530i ranks for insurance affordability against the top 10 best-selling midsize luxury cars. For a complete segment comparison of all 34 cars, see the table following the chart.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $2,468 | -$448 |
| 2 | Lexus IS 300 | $2,474 | -$442 |
| 3 | Lexus ES 350 | $2,506 | -$410 |
| 4 | Mercedes-Benz AMG CLA35 | $2,516 | -$400 |
| 5 | Lexus RC 300 | $2,522 | -$394 |
| 6 | Jaguar XF | $2,538 | -$378 |
| 7 | Cadillac CT5 | $2,586 | -$330 |
| 8 | Lexus ES 250 | $2,596 | -$320 |
| 9 | Lexus ES 300h | $2,634 | -$282 |
| 10 | Audi A3 | $2,698 | -$218 |
| 11 | Infiniti Q50 | $2,716 | -$200 |
| 12 | Mercedes-Benz AMG CLA45 | $2,748 | -$168 |
| 13 | Audi S4 | $2,760 | -$156 |
| 14 | Mercedes-Benz EQE 350 | $2,792 | -$124 |
| 15 | BMW i4 | $2,800 | -$116 |
| 16 | Lexus IS 500 | $2,836 | -$80 |
| 17 | BMW 530i | $2,916 | -- |
| 18 | Audi S5 | $2,958 | $42 |
| 19 | BMW 540i | $2,974 | $58 |
| 20 | BMW 430i | $3,014 | $98 |
| 21 | BMW i5 | $3,030 | $114 |
| 22 | Genesis G80 | $3,046 | $130 |
| 23 | Mercedes-Benz EQE 500 | $3,080 | $164 |
| 24 | Mercedes-Benz AMG C43 | $3,102 | $186 |
| 25 | Audi A6 | $3,108 | $192 |
| 26 | Tesla Model S | $3,146 | $230 |
| 27 | BMW 530e | $3,176 | $260 |
| 28 | Audi RS 5 | $3,180 | $264 |
| 29 | Audi S6 | $3,204 | $288 |
| 30 | BMW M440i | $3,286 | $370 |
| 31 | Audi A7 | $3,346 | $430 |
| 32 | Lexus LC 500h | $3,592 | $676 |
| 33 | Audi S7 | $3,710 | $794 |
| 34 | BMW M8 | $4,044 | $1,128 |
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 vehicle from the 2024 model year. Updated October 24, 2025
What is the cheapest BMW 530i insurance?
The cheapest BMW 530i to insure is the $57,900 base Sedan trim at $2,864 per year, or about $239 per month. The most expensive model to insure is the $62,350 xDrive Executive model, costing an average of $100 more per year.
The table below displays average full coverage car insurance rates for each of the trim levels offered for a 2024 BMW 530i.
| 2024 BMW 530i Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Sedan | $2,864 | $239 |
| xDrive Sedan | $2,914 | $243 |
| xDrive Premium | $2,920 | $243 |
| xDrive Executive | $2,964 | $247 |
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. Updated October 24, 2025
Do older 530i models cost less to insure?
Choosing to drive a 2017 BMW 530i in place of a new 2024 model could save an estimated $590 each year. Even an almost new 2019 model may save the average driver $412 on a yearly basis.
The following table shows average insurance rates for the 2017 through 2024 BMW 530i model years and also for drivers age 20 through 60. Prices range from the cheapest rate of $1,928 for a 60-year-old driver rated on a 2017 BMW 530i to a high of $5,870 for a 20-year-old driving a 2024 model.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW 530i | $5,870 | $2,916 | $2,408 |
| 2023 BMW 530i | $5,662 | $2,808 | $2,320 |
| 2022 BMW 530i | $5,452 | $2,712 | $2,244 |
| 2021 BMW 530i | $5,438 | $2,704 | $2,236 |
| 2020 BMW 530i | $5,270 | $2,618 | $2,166 |
| 2019 BMW 530i | $5,074 | $2,504 | $2,074 |
| 2018 BMW 530i | $4,740 | $2,344 | $1,944 |
| 2017 BMW 530i | $4,714 | $2,326 | $1,928 |
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 BMW 530i trim levels for each model year. Updated October 24, 2025
At some point in the life of every vehicle, it will probably be a good financial move to drop either comprehensive or collision or both from the insurance policy. As vehicles get older and lose value, the expense required to maintain full coverage exceeds the benefit of having it on the policy.
Eliminating comprehensive and collision coverage on an older BMW 530i may save $1,626 annually, depending on the coverage deductibles and the driver age.