- BMW 540i car insurance rates average $2,230 per year or around $186 per month, depending on driver age.
- The base 540i xDrive Sedan trim level is the cheapest to insure at around $2,206 per year. The most expensive trim is the Sedan at $2,252 per year.
- As one of the cheaper midsize luxury cars to insure, the BMW 540i costs $72 less 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 $2,230 yearly, or about $186 monthly. Drivers can expect to pay around $72 less each year to insure a BMW 540i as compared to the average rate for midsize luxury cars, and $502 more per year than the overall national average of $1,728.
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 2023 model years. For the average 40-year-old driver, rates range from $1,816 to $2,230 depending on model year.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2023 BMW 540i | $4,476 | $2,230 | $1,996 |
| 2022 BMW 540i | $4,298 | $2,142 | $1,918 |
| 2021 BMW 540i | $4,234 | $2,110 | $1,890 |
| 2020 BMW 540i | $4,174 | $2,078 | $1,862 |
| 2019 BMW 540i | $3,950 | $1,968 | $1,762 |
| 2018 BMW 540i | $3,768 | $1,874 | $1,680 |
| 2017 BMW 540i | $3,642 | $1,816 | $1,628 |
From a trim level perspective, car insurance for a 2023 BMW 540i ranges from $2,206 to $2,252. 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.
| BMW 540i Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| xDrive Sedan | $2,206 | $1,103 | $184 |
| Sedan | $2,252 | $1,126 | $188 |
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 $278 more per year than the Lexus ES 350, $50 more than the BMW 530i, and $296 less than the Infiniti Q50.
The BMW 540i ranks 18th out of 38 total comparison vehicles in the midsize luxury car segment for most affordable auto insurance rates. The 540i costs an estimated $2,230 per year for full coverage car insurance and the category average car insurance cost is $2,302 annually, a difference of $72 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/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Cadillac CT5 | $1,948 | -$282 |
| 2 | Lexus ES 350 | $1,952 | -$278 |
| 3 | Lexus ES 250 | $1,966 | -$264 |
| 4 | Lexus RC 300 | $1,970 | -$260 |
| 5 | Mercedes-Benz AMG CLA35 | $1,974 | -$256 |
| 6 | Audi A3 | $1,980 | -$250 |
| 7 | Mercedes-Benz AMG CLA45 | $2,018 | -$212 |
| 8 | Mercedes-Benz CLA250 | $2,032 | -$198 |
| 9 | Lexus IS 300 | $2,040 | -$190 |
| 10 | Jaguar XF | $2,042 | -$188 |
| 11 | Audi S4 | $2,084 | -$146 |
| 12 | BMW i4 | $2,096 | -$134 |
| 13 | Mercedes-Benz E350 | $2,110 | -$120 |
| 14 | Lexus ES 300h | $2,138 | -$92 |
| 15 | BMW 530i | $2,180 | -$50 |
| 16 | Audi A6 | $2,222 | -$8 |
| 17 | Audi S5 | $2,226 | -$4 |
| 18 | BMW 540i | $2,230 | -- |
| 19 | BMW 430i | $2,266 | $36 |
| 20 | Lexus IS 500 | $2,272 | $42 |
| 21 | Mercedes-Benz E450 | $2,292 | $62 |
| 22 | Genesis G80 | $2,298 | $68 |
| 23 | Mercedes-Benz CLS450 | $2,358 | $128 |
| 24 | Mercedes-Benz EQE 350 | $2,374 | $144 |
| 25 | Audi RS 5 | $2,380 | $150 |
| 26 | BMW 530e | $2,396 | $166 |
| 27 | Audi S6 | $2,416 | $186 |
| 28 | Mercedes-Benz AMG C43 | $2,420 | $190 |
| 29 | BMW M440i | $2,424 | $194 |
| 30 | Mercedes-Benz EQE 500 | $2,428 | $198 |
| 31 | Audi A7 | $2,522 | $292 |
| 32 | Infiniti Q50 | $2,526 | $296 |
| 33 | Lexus LC 500h | $2,710 | $480 |
| 34 | BMW M550i | $2,714 | $484 |
| 35 | Tesla Model S | $2,778 | $548 |
| 36 | Audi S7 | $2,796 | $566 |
| 37 | BMW M5 | $2,876 | $646 |
| 38 | BMW M8 | $3,034 | $804 |
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 $350 per year compared to a rating of 670-739. Conversely, a subpar credit score could cost up to $406 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 ($1,996 per year) and a 20-year-old driver ($4,476 per year) is $2,480, or a savings of 76.6%.
- Gender affects car insurance rates. For a 2023 BMW 540i, a 20-year-old man will have an average rate of $4,476 per year, while a 20-year-old woman will pay $3,282, a difference of $1,194 per year in favor of the women by a long shot. But by age 50, the male rate is $2,028 and the cost for female drivers is $1,988, a difference of only $40.
- 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 $588 per year.
- Careless drivers have higher insurance rates. Too many at-fault accidents will increase rates, to the tune of $3,160 per year for a 20-year-old driver and even $678 per year for a 60-year-old driver.