BMW 540xi Insurance Cost – [2023 Rates + Rankings]

• BMW 540xi insurance rates average $1,840 per year or $920 for a semi-annual policy, depending on the age of the rated driver.
• The BMW 540xi is one of the cheaper midsize luxury cars to insure, costing $130 less per year on average as compared to the rest of the vehicles in the segment.

How much does BMW 540xi insurance cost?

Ranked 23^rd out of 49 vehicles in the 2018 midsize luxury car class, BMW 540xi insurance costs around $1,840 annually, or around $153 if paid each month. With the average midsize luxury car costing $1,970 a year to insure, the BMW 540xi could save an estimated $130 or more every 12 months.

The next chart details how average BMW 540xi car insurance prices can change depending on the age of the driver and policy deductibles. The rates shown are per year and range from $1,362 per year for a 60-year-old driver with high physical damage deductibles to a high of $4,372 annually for a 20-year-old driver with low policy deductibles.

The table below breaks down average insurance rates for a BMW 540xi for the 2017 and 2018 model years and for various driver ages.

Other observations regarding the cost of insurance for a BMW 540xi include:

• High-risk insurance is expensive. For a 30-year-old driver, having to buy a high-risk insurance policy can potentially increase rates by $2,260 or more per year.
• Car insurance for teenagers is expensive. Average rates for full coverage 540xi insurance costs $6,446 per year for a 16-year-old driver, $6,098 per year for a 17-year-old driver, $5,722 per year for an 18-year-old driver, and $5,224 per year for a 19-year-old driver.
• Lower policy costs by raising deductibles. Increasing your policy deductibles from $500 to $1,000 could save around $324 per year for a 40-year-old driver and $644 per year for a 20-year-old driver.
• Choosing a low deductible may not make good financial sense. Decreasing deductibles from $500 to $250 could cost an additional $336 per year for a 40-year-old driver and $680 per year for a 20-year-old driver.
• Save money due to your occupation. The large majority of auto insurance providers offer policy discounts for occupations like members of the military, engineers, accountants, college professors, lawyers, and others. By qualifying for this discount, you could potentially save between $55 and $153 on your yearly insurance bill.
• Older drivers tend to pay cheaper insurance rates. The difference in 2018 540xi insurance rates between a 60-year-old driver ($1,650 per year) and a 30-year-old driver ($1,958 per year) is $308, or a savings of 17.1%.

How do BMW 540xi insurance rates compare?

When compared to the other midsize luxury cars, insurance rates for a BMW 540xi cost $182 more per year than the Lexus ES 350, $12 more than the BMW 530i, and $134 less than the Infiniti Q50.

The BMW 540xi ranks 23^rd out of 49 comparison vehicles in the 2018 midsize luxury car class for the most affordable insurance cost. The 540xi costs an average of $1,840 per year for full coverage insurance, while the category average auto insurance cost is $1,970 per year, a difference of $130 per year.

The following table shows how the BMW 540xi compares to the top 10 best-selling midsize luxury cars in America like the Lincoln MKZ, Mercedes-Benz CLA250, and the Audi A6.