Ultimate Guide to Insuring Your BMW 550i: Rates Plus Insights

How much are BMW 550i car insurance rates? We compared average rates for the 550i Sedan to find out how insurance prices compare side-by-side to the midsize luxury car market.

Start a Free QuoteCompare BMW 550i car insurance quotes and save on your next policy.

  • BMW 550i car insurance costs $2,362 per year (about $197 per month) for a full coverage policy, but can vary significantly based on the trim level.
  • Ranked 38th out of 53 other models in the 2016 midsize luxury car class, car insurance rates for the BMW 550i cost $135 more per year than the average cost for the segment.

How much does BMW 550i insurance cost?

BMW 550i car insurance rates average $2,362 a year for full coverage, or $197 if paid each month. Plan on paying around $135 more per year to insure a BMW 550i compared to similar vehicles, and $141 more per year than the overall national average of $2,221.

The cost summary chart below details how average BMW 550i car insurance rates can fluctuate based on the age of the rated driver and the policy deductibles.

Average 2016 BMW 550i car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2016 BMW 550i car insurance premiums for different driver ages and policy deductibles. Rates updated on June 26, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average premiums are based on a 2016 model year BMW 550i. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2016 BMW 550i Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,020$335
$500$4,770$398
$250$5,562$464
30-Year-Old$1,000$2,102$175
$500$2,518$210
$250$2,950$246
40-Year-Old$1,000$1,980$165
$500$2,362$197
$250$2,760$230
50-Year-Old$1,000$1,760$147
$500$2,088$174
$250$2,432$203
60-Year-Old$1,000$1,646$137
$500$1,954$163
$250$2,276$190

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2016 BMW 550i. Updated June 26, 2025

The following table details the average cost to insure a BMW 550i for the 2013-2016 model years and for drivers aged 20 through 60.

BMW 550i Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2016 BMW 550i$4,770$2,362$1,954
2015 BMW 550i$4,222$2,094$1,736
2014 BMW 550i$4,244$2,096$1,740
2013 BMW 550i$4,006$1,980$1,640

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 550i trim levels for each model year. Updated June 27, 2025

Average insurance rates for 2013 to 2016 BMW 550i models for drivers age 20, 40 and 60
Average insurance rates for 2013 to 2016 BMW 550i models for drivers age 20, 40 and 60

How do BMW 550i car insurance prices rank?

The BMW 550i ranks 38th out of 53 total comparison vehicles in the midsize luxury car segment for insurance affordability. The 550i costs an estimated $2,362 per year to insure for full coverage and the segment median price is $2,227 per year, a difference of $135 per year.

When insurance prices are compared to other vehicles in the midsize luxury car segment, insurance rates for a BMW 550i cost $744 more per year than the Lexus ES 350, $218 more than the Infiniti Q50, and $448 more than the Lincoln MKZ.

The next table shows how well average BMW 550i insurance rates compare to the entire class of midsize luxury cars in the United States like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S.

Insurance Cost Comparison: BMW 550i vs Midsize Luxury Cars
Rank Make and Model Annual Premium Difference
1Lexus ES 350$1,618-$744
2Acura ILX$1,686-$676
3Lexus IS 300$1,792-$570
4Volvo S80$1,834-$528
5Mercedes-Benz C350E$1,842-$520
6Lexus RC 300$1,856-$506
7Audi A3$1,888-$474
8Mercedes-Benz AMG CLA45$1,910-$452
9Lincoln MKZ$1,914-$448
10Lexus ES 300H$1,924-$438
11Audi A6$1,936-$426
12Mercedes-Benz CLA250$1,982-$380
13BMW 528i$2,020-$342
14Lexus GS 350$2,036-$326
15Mercedes-Benz E350$2,062-$300
16Audi S4$2,064-$298
17Mercedes-Benz SLK55 AMG$2,068-$294
18BMW 428xi$2,072-$290
19Jaguar XF$2,084-$278
20Cadillac ELR$2,090-$272
21Mercedes-Benz C450 AMG$2,100-$262
22BMW 428i$2,106-$256
23Audi S5$2,116-$246
24Hyundai Genesis$2,130-$232
25BMW 528xi$2,138-$224
26Infiniti Q50$2,144-$218
27BMW 535xi$2,150-$212
28BMW 435xi$2,174-$188
29Mercedes-Benz E250$2,192-$170
30Mercedes-Benz SL400$2,210-$152
31BMW Active 5$2,218-$144
32BMW 435i$2,224-$138
33BMW 535d$2,250-$112
34Mercedes-Benz E400$2,300-$62
35BMW 535i$2,308-$54
36Mercedes-Benz E550$2,320-$42
37Audi S6$2,358-$4
38BMW 550i$2,362--
39Mercedes-Benz CLS400$2,436$74
40BMW 550xi$2,452$90
41Mercedes-Benz SL550$2,456$94
42BMW 640i$2,490$128
43Audi A7$2,504$142
44BMW 640xi$2,510$148
45BMW M5$2,518$156
46Audi S7$2,522$160
47Tesla Model S$2,590$228
48Mercedes-Benz S550E$2,594$232
49BMW 650xi$2,610$248
50Lexus GS F$2,622$260
51BMW M6$2,796$434
52Mercedes-Benz SL63 AMG$2,876$514
53Mercedes-Benz SL65 AMG$3,584$1,222

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 2016 model year. Updated June 27, 2025

At $2,362 per year, insurance cost for a 2016 BMW 550i ranks 38th out of 53 models in the midsize luxury car segment
At $2,362 per year, insurance cost for a 2016 BMW 550i ranks 38th out of 53 models in the midsize luxury car segment

Supplementary rates and insights

Additional rate information and discounts that can reduce the cost of insurance for a BMW 550i include:

  • Get better rates due to your choice of occupation. Many auto insurance providers offer discounts for being employed in professions like lawyers, members of the military, firefighters, nurses, police officers and law enforcement, and others. If you qualify for this occupational discount, you could potentially save between $71 and $175 on your 550i insurance cost, subject to the policy coverages selected.
  • Safer drivers pay lower rates. Too many at-fault accidents can cost more, potentially by an additional $1,138 per year for a 30-year-old driver and as much as $706 per year for a 50-year-old driver.
  • Car insurance for teenagers is expensive. Average rates for full coverage 550i insurance costs $8,419 per year for a 16-year-old driver, $8,168 per year for a 17-year-old driver, $7,343 per year for an 18-year-old driver, and $6,673 per year for a 19-year-old driver.
  • Driver age and gender matter. For a 2016 BMW 550i, a 20-year-old man will have an average rate of $4,770 per year, while a 20-year-old female will get a rate of $3,414, a difference of $1,356 per year. The females get much better rates. But by age 50, the cost for male drivers is $2,088 and the cost for women is $2,036, a difference of only $52.
  • Save money by qualifying for discounts. Discounts may be available if the insured drivers are good students, are senior citizens, are homeowners, are accident-free, insure their home and car with the same company, or many other discounts which could save the average driver as much as $404 per year on BMW 550i insurance.
  • Good credit scores mean better rates. Having a credit score over 800 could save $371 per year when compared to a decent credit rating of 670-739. Conversely, an imperfect credit score below 579 could cost as much as $430 more per year.
  • High-risk insurance is expensive. For a 20-year-old driver, having enough accidents and violations to require a high-risk insurance policy increases the cost by $3,720 or more per year.