- BMW 540i car insurance rates average $2,336 per year or around $195 per month, depending on driver age.
- The base 540i xDrive Sedan trim level is the cheapest to insure at around $2,286 per year. The most expensive trim is the xDrive Sedan Executive at $2,370 per year.
- As one of the more expensive midsize luxury cars to insure, the BMW 540i costs $8 more per year on average to insure when compared to the other midsize luxury cars.
How much does BMW 540i insurance cost?
BMW 540i car insurance averages $2,336 yearly, or about $195 monthly. Drivers can expect to pay around $8 more each year to insure a BMW 540i as compared to the average rate for midsize luxury cars, and $453 more per year than the overall national average of $1,883.
The next price chart breaks down a summary of car insurance rates on a BMW 540i for different driver age groups and policy risk profiles.
The data table below breaks down average insurance rates for a BMW 540i from the 2017 to the 2024 model years. For the average 40-year-old driver, rates range from $1,800 to $2,336 depending on model year.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW 540i | $4,744 | $2,336 | $1,924 |
| 2023 BMW 540i | $4,634 | $2,276 | $1,880 |
| 2022 BMW 540i | $4,458 | $2,194 | $1,810 |
| 2021 BMW 540i | $4,402 | $2,162 | $1,788 |
| 2020 BMW 540i | $4,258 | $2,094 | $1,732 |
| 2019 BMW 540i | $4,022 | $1,978 | $1,632 |
| 2018 BMW 540i | $3,782 | $1,862 | $1,536 |
| 2017 BMW 540i | $3,642 | $1,800 | $1,486 |
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 540i trim levels for each model year. Updated February 22, 2024
From a trim level perspective, car insurance for a 2024 BMW 540i ranges from $2,286 to $2,370. The rate table below shows the estimated yearly and semi-annual policy costs, plus a monthly budget figure, for each BMW 540i model trim level.
| 2024 BMW 540i Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| xDrive Sedan | $2,286 | $191 |
| xDrive Sedan Premium | $2,350 | $196 |
| xDrive Sedan Executive | $2,370 | $198 |
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 February 23, 2024
BMW 540i insurance versus other luxury cars
When insurance prices are compared to random models in the midsize luxury car segment, car insurance rates for a BMW 540i cost $356 more per year than the Lexus ES 350, $30 more than the BMW 530i, and $188 more than the Infiniti Q50.
The BMW 540i ranks 19th out of 34 total comparison vehicles in the midsize luxury car segment for most affordable auto insurance rates. The 540i costs an estimated $2,336 per year for full coverage car insurance and the category average car insurance cost is $2,328 annually, a difference of $8 per year.
The table below shows how average 540i car insurance rates compare to the top 10 most popular midsize luxury cars in the U.S. like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $1,954 | -$382 |
| 2 | Lexus IS 300 | $1,956 | -$380 |
| 3 | Lexus ES 350 | $1,980 | -$356 |
| 4 | Mercedes-Benz AMG CLA35 | $1,988 | -$348 |
| 5 | Lexus RC 300 | $1,994 | -$342 |
| 6 | Jaguar XF | $2,008 | -$328 |
| 7 | Cadillac CT5 | $2,044 | -$292 |
| 8 | Lexus ES 250 | $2,054 | -$282 |
| 9 | Lexus ES 300h | $2,082 | -$254 |
| 10 | Audi A3 | $2,132 | -$204 |
| 11 | Infiniti Q50 | $2,148 | -$188 |
| 12 | Mercedes-Benz AMG CLA45 | $2,174 | -$162 |
| 13 | Audi S4 | $2,184 | -$152 |
| 14 | Mercedes-Benz EQE 350 | $2,206 | -$130 |
| 15 | BMW i4 | $2,214 | -$122 |
| 16 | Lexus IS 500 | $2,242 | -$94 |
| 17 | BMW 530i | $2,306 | -$30 |
| 18 | Audi S5 | $2,330 | -$6 |
| 19 | BMW 540i | $2,336 | -- |
| 20 | BMW 430i | $2,386 | $50 |
| 21 | BMW i5 | $2,396 | $60 |
| 22 | Genesis G80 | $2,408 | $72 |
| 23 | Mercedes-Benz EQE 500 | $2,436 | $100 |
| 24 | Mercedes-Benz AMG C43 | $2,452 | $116 |
| 25 | Audi A6 | $2,458 | $122 |
| 26 | Tesla Model S | $2,488 | $152 |
| 27 | BMW 530e | $2,510 | $174 |
| 28 | Audi RS 5 | $2,516 | $180 |
| 29 | Audi S6 | $2,534 | $198 |
| 30 | BMW M440i | $2,600 | $264 |
| 31 | Audi A7 | $2,646 | $310 |
| 32 | Lexus LC 500h | $2,842 | $506 |
| 33 | Audi S7 | $2,934 | $598 |
| 34 | BMW M8 | $3,198 | $862 |
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 February 23, 2024
Insurance rates and policy insights
Additional observations regarding 540i insurance cost include:
- Cheaper rates come with better credit scores. Having a credit score above 800 may save up to $367 per year compared to a rating of 670-739. Conversely, a subpar credit score could cost up to $425 more per year.
- Getting older pays dividends in cheaper insurance. The difference in insurance cost for a BMW 540i between a 60-year-old driver ($1,924 per year) and a 20-year-old driver ($4,744 per year) is $2,820, or a savings of 84.6%.
- Gender affects car insurance rates. For a 2024 BMW 540i, a 20-year-old man will have an average rate of $4,744 per year, while a 20-year-old woman will pay $3,372, a difference of $1,372 per year in favor of the women by a long shot. But by age 50, the male rate is $2,054 and the cost for female drivers is $2,008, a difference of only $46.
- Obey driving laws to save money. To get the most affordable price on 540i insurance rates, it pays to be a conservative driver. In fact, just a few speeding tickets have the consequences of increasing insurance rates by up to $620 per year.
- Careless drivers have higher insurance rates. Too many at-fault accidents will increase rates, to the tune of $3,366 per year for a 20-year-old driver and even $546 per year for a 60-year-old driver.