BMW 530i Car Insurance Cost for 2022

How much does BMW 530i insurance cost? We compare rates from the base sedan trim level up to the xDrive model to see how prices rank against the competition.

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  • BMW 530i insurance costs $1,890 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 $128 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 $1,870 per year. The most expensive trim is the xDrive Sedan at $1,910 per year.
  • Opting for an older BMW 530i could save $180 or more each year on the cost of insurance.

How much does BMW 530i car insurance cost?

BMW 530i insurance rates average $1,890 annually, or $158 if paid each month. Overall, expect to pay about $128 less annually for BMW 530i insurance compared to the average rate for all midsize luxury cars, and $323 more per year than the $1,567 national average for all vehicles.

The chart below illustrates how average car insurance rates for a 2022 BMW 530i fluctuate with changes in driver age and different policy deductibles. The cost values vary from the cheapest policy cost of $1,410 per year for a 60-year-old driver with high policy deductibles to a high policy cost of $4,392 per year for a 20-year-old driver with $250 deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2022 BMW 530i with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW 530i trim levels.Data last updated on September 8, 2022
BMW 530i Car Insurance Rate Summary
BMW 530i Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,138$262
$500$3,748$312
$250$4,392$366
30$1,000$1,662$139
$500$2,004$167
$250$2,360$197
40$1,000$1,578$132
$500$1,890$158
$250$2,216$185
50$1,000$1,436$120
$500$1,718$143
$250$2,012$168
60$1,000$1,410$118
$500$1,686$141
$250$1,976$165

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 two 530i trim levels and all 40,000+ zip codes in the U.S., the chart would have 193,536,000,000 posible 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 $14,938 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 $2,248 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 judgement on your driving record could result in spiking 530i insurance rates by up to $490 per year. Serious convictions like reckless driving could raise rates by an additional $1,722 or more.
  • No accidents means better rates. Having at-fault accidents will cost you more, possibly up to $2,618 per year for a 20-year-old driver and as much as $554 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 $57 and $159 on your car insurance bill.
  • Bring up your credit score and save. In states that encourage credit history to be used as a rate factor, having a credit score above 800 could save $297 per year over a slightly lower credit score between 670-739. Conversely, an imperfect credit score below 579 could cost up to $344 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 $96 more per year than the Lexus ES 350, $334 less than the Infiniti Q50, $108 more than the Mercedes-Benz CLA250, and $110 less than the Audi A6.

The BMW 530i ranks #14 out of 38 total vehicles in the 2022 midsize luxury car segment. The 530i costs an average of $1,890 per year for full coverage insurance and the category median rate is $2,018 annually, a difference of $128 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 38 cars, see the table following the chart.

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Chart Data Details: Average rates are for a 2022 model year BMW 530i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW 530i trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 8, 2022
BMW 530i vs Top 10 Midsize Luxury Cars Insurance Cost Comparison
BMW 530i Insurance Cost Compared to All Midsize Luxury Cars
Rank Make/Model Insurance Cost Difference
1Acura ILX$1,404-$486
2Lexus RC 300$1,690-$200
3Mercedes-Benz AMG CLA35$1,732-$158
4BMW i4$1,740-$150
5Cadillac CT5$1,744-$146
6Audi A3$1,762-$128
7Mercedes-Benz AMG CLA45$1,770-$120
8Mercedes-Benz CLA250$1,782-$108
9Lexus ES 250$1,784-$106
10Lexus IS 300$1,786-$104
11Lexus ES 350$1,794-$96
12Genesis G80$1,832-$58
13Audi S5$1,854-$36
14BMW 530i$1,890--
15Lexus ES 300h$1,896$6
16Mercedes-Benz E350$1,908$18
17BMW 530e$1,926$36
18BMW 540i$1,930$40
19Audi S4$1,938$48
20BMW M440i$1,940$50
21Mercedes-Benz E450$1,948$58
22Audi A6$2,000$110
23Jaguar XF$2,006$116
24Lexus IS 500$2,028$138
25BMW 430i$2,050$160
26Mercedes-Benz CLS450$2,064$174
27Audi RS 5$2,166$276
28Mercedes-Benz AMG C43$2,186$296
29Audi S6$2,198$308
30Infiniti Q50$2,224$334
31Mercedes-Benz AMG C63$2,254$364
32BMW M550i$2,340$450
33Audi A7$2,394$504
34Tesla Model S$2,434$544
35Lexus LC 500h$2,464$574
36Audi S7$2,590$700
37BMW M8$2,606$716
38BMW M5$2,636$746

What is the cheapest BMW 530i insurance?

The cheapest BMW 530i to insure is the $54,200 base Sedan trim at $1,870 per year, or about $156 per month. The most expensive model to insure is the $56,500 xDrive Sedan model, costing an average of $40 more per year.

The table below displays average full coverage car insurance rates for each of the trim levels offered for a 2022 BMW 530i.

2022 BMW 530i Insurance Cost by Trim Level
BMW 530i Trim Level Annual Policy 6-month Policy Per Month
Sedan$1,870$935$156
xDrive Sedan$1,910$955$159

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Table Data Details: Average rates are for a 2022 BMW 530i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 8, 2022
BMW 530i Insurance Cost by Trim Level

Do older 530i models cost less to insure?

Choosing to drive a 2017 BMW 530i in place of a new 2022 model could save an estimated $180 each year. Even an almost new 2019 model may save the average driver $114 on a yearly basis.

The following table shows average insurance rates for the 2017 through 2022 BMW 530i model years and also for drivers age 20 through 60. Prices range from the cheapest rate of $1,532 for a 60-year-old driver rated on a 2017 BMW 530i to a high of $3,748 for a 20-year-old driving a 2022 model.

BMW 530i Insurance Cost for 2017-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$3,748$2,004$1,890$1,718$1,686
2021$3,712$1,980$1,868$1,698$1,668
2020$3,642$1,936$1,830$1,666$1,636
2019$3,554$1,880$1,776$1,618$1,590
2018$3,376$1,782$1,688$1,540$1,512
2017$3,430$1,806$1,710$1,560$1,532

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 8, 2022
BMW 530i Insurance Cost by Model Year

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 $1,190 annually, depending on the coverage deductibles and the driver age.