Roadmap to BMW M550i Insurance Costs in 2025: Rates, Comparisons and Trends

• BMW M550i insurance costs an average of $3,504 per year, or around $292 per month, for full coverage.
• Ranked 34^th out of 38 midsize luxury cars, insurance for the BMW M550i costs $535 more per year than the average cost for the segment.

How much does BMW M550i insurance cost?

BMW M550i insurance rates average $3,504 annually, or $292 if paid each month. Drivers can expect to pay about $535 more per year for BMW M550i insurance as compared to the average rate for midsize luxury cars, and $1,228 more per year than the overall national average of $2,276.

The following chart shows average car insurance rates for a 2023 BMW M550i using a variety of different risk scenarios.

The next table details average BMW M550i insurance rates from the 2018 to the 2023 model years and for a range of rated driver ages.

Supplementary rates and insights

Some other notable observations regarding the cost to insure a BMW M550i include:

• Qualify for discounts to lower insurance cost. Discounts may be available if the policyholders insure their home and car with the same company, belong to certain professional organizations, are claim-free, choose electronic billing, are homeowners, or many other discounts which could save the average driver as much as $598 per year on the cost of insuring a BMW M550i.
• Raise your credit score to score lower rates. Having excellent credit of 800+ may save $550 per year when compared to a credit rating of 670-739. Conversely, a poor credit rating could cost around $638 more per year.
• Careless drivers spend more on insurance. At-fault accidents raise insurance rates, potentially up to $5,024 per year for a 20-year-old driver and even $808 per year for a 60-year-old driver.
• Older drivers tend to pay cheaper insurance rates. The difference in insurance rates for a 2023 M550i between a 50-year-old driver ($3,074 per year) and a 20-year-old driver ($7,100 per year) is $4,026, or a savings of 79.1%.
• Your employment could earn you discounts. The large majority of car insurance companies offer discounts for earning a living in occupations like police officers and law enforcement, scientists, architects, accountants, members of the military, and others. If you work in a qualifying profession, you could save between $105 and $239 on your car insurance premium, subject to policy limits.
• Insuring teen drivers is expensive. Average rates for full coverage M550i insurance costs $12,288 per year for a 16-year-old driver, $12,016 per year for a 17-year-old driver, $10,972 per year for an 18-year-old driver, and $9,903 per year for a 19-year-old driver.
• Higher physical damage deductibles lower policy cost. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $628 per year for a 40-year-old driver and $1,244 per year for a 20-year-old driver.
• Low physical damage deductibles increase policy cost. Cutting your deductibles from $500 to $250 could cost an additional $654 per year for a 40-year-old driver and $1,316 per year for a 20-year-old driver.

Is BMW M550i car insurance affordable?

The BMW M550i ranks 34^th out of 38 total vehicles in the midsize luxury car class for the most affordable car insurance cost. The M550i costs an estimated $3,504 per year to insure for full coverage and the category average price is $2,969 per year, a difference of $535 per year.

When compared side-by-side to some other models in the midsize luxury car category, car insurance prices for a BMW M550i cost $984 more per year than the Lexus ES 350, $696 more than the BMW 530i, and $248 more than the Infiniti Q50.

The next table shows how average M550i car insurance rates compare to all midsize luxury car competitors like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S.