BMW 540i Car Insurance Cost for 2023

How much are 540i car insurance rates? We compared auto insurance rates from the base 540i Sedan all the way to the xDrive Sport and Executive trims to discover how prices rank when compared to all other midsize luxury cars.

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  • BMW 540i car insurance rates average $2,170 per year or around $181 per month, depending on driver age.
  • The base 540i xDrive Sedan trim level is the cheapest to insure at around $2,150 per year. The most expensive trim is the Sedan at $2,194 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 $2,170 yearly, or about $181 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 $485 more per year than the overall national average of $1,685.

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.

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Chart Data Details: Average rates are for a 2023 model year BMW 540i with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all BMW 540i trim levels.Data last updated on December 30, 2022
BMW 540i Insurance Cost Summary
2023 BMW 540i Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,982$415
Safe Driver Age 20$4,362$364
At-fault Accidents Age 40$3,062$255
Low Deductibles Age 40$2,904$242
Safe Driver Age 30$2,306$192
Safe Driver Age 40$2,170$181
Safe Driver Age 50$1,978$165
Safe Driver Age 60$1,944$162
Discount Rate Age 40$1,802$150
High Deductibles Age 40$1,798$150

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 $1,768 to $2,170 depending on model year.

BMW 540i Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 BMW 540i$4,362$2,170$1,944
2022 BMW 540i$4,186$2,088$1,870
2021 BMW 540i$4,126$2,054$1,840
2020 BMW 540i$4,066$2,024$1,814
2019 BMW 540i$3,846$1,916$1,718
2018 BMW 540i$3,672$1,826$1,640
2017 BMW 540i$3,548$1,768$1,588

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Table Data Details: Average rates for each driver age group are for a 12-month period and assume a 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 December 30, 2022
BMW 540i Insurance Cost by Model Year

From a trim level perspective, car insurance for a 2023 BMW 540i ranges from $2,150 to $2,194. 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.

2023 BMW 540i Insurance Cost by Trim Level
BMW 540i Trim Level Annual Policy Six-Month Policy Per Month
xDrive Sedan$2,150$1,075$179
Sedan$2,194$1,097$183

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Table Data Details: Average rates are for a 2023 BMW 540i, 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 February 5, 2023
BMW 540i Insurance Cost by Trim Level

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 $268 more per year than the Lexus ES 350, $48 more than the BMW 530i, and $288 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 $2,170 per year for full coverage car insurance and the category average car insurance cost is $2,242 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.

Insurance Cost Comparison: BMW 540i vs Midsize Luxury Cars
Rank Make/Model Insurance Cost Difference
1Cadillac CT5$1,898-$272
2Lexus ES 350$1,902-$268
3Lexus ES 250$1,914-$256
4Lexus RC 300$1,920-$250
5Mercedes-Benz AMG CLA35$1,924-$246
6Audi A3$1,928-$242
7Mercedes-Benz AMG CLA45$1,968-$202
8Mercedes-Benz CLA250$1,978-$192
9Lexus IS 300$1,986-$184
10Jaguar XF$1,988-$182
11Audi S4$2,030-$140
12BMW i4$2,040-$130
13Mercedes-Benz E350$2,054-$116
14Lexus ES 300h$2,082-$88
15BMW 530i$2,122-$48
16Audi A6$2,164-$6
17Audi S5$2,166-$4
18BMW 540i$2,170--
19BMW 430i$2,206$36
20Lexus IS 500$2,212$42
21Mercedes-Benz E450$2,232$62
22Genesis G80$2,238$68
23Mercedes-Benz CLS450$2,296$126
24Mercedes-Benz EQE 350$2,312$142
25Audi RS 5$2,318$148
26BMW 530e$2,330$160
27Audi S6$2,354$184
28Mercedes-Benz AMG C43$2,358$188
29BMW M440i$2,362$192
30Mercedes-Benz EQE 500$2,364$194
31Audi A7$2,456$286
32Infiniti Q50$2,458$288
33Lexus LC 500h$2,640$470
34BMW M550i$2,644$474
35Tesla Model S$2,704$534
36Audi S7$2,720$550
37BMW M5$2,800$630
38BMW M8$2,954$784

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on December 30, 2022
Insurance Cost Comparison: BMW 540i vs Midsize Luxury Cars

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 $341 per year compared to a rating of 670-739. Conversely, a subpar credit score could cost up to $395 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 ($1,944 per year) and a 20-year-old driver ($4,362 per year) is $2,418, or a savings of 55.4%.
  • Gender affects car insurance rates. For a 2023 BMW 540i, a 20-year-old man will have an average rate of $4,362 per year, while a 20-year-old woman will pay $3,200, a difference of $1,162 per year in favor of the women by a long shot. But by age 50, the male rate is $1,978 and the cost for female drivers is $1,936, a difference of only $42.
  • 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 $578 per year.
  • Careless drivers have higher insurance rates. Too many at-fault accidents will increase rates, to the tune of $3,082 per year for a 20-year-old driver and even $666 per year for a 60-year-old driver.