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

How much are BMW M550i car insurance rates? We compared average insurance rates for the M550i xDrive sedan to all other midsize luxury cars to see how prices ranked.

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  • BMW M550i insurance costs an average of $3,420 per year, or around $285 per month, for full coverage.
  • Ranked 34th out of 38 midsize luxury cars, insurance for the BMW M550i costs $521 more per year than the average cost for the segment.

How much does BMW M550i insurance cost?

BMW M550i insurance rates average $3,420 annually, or $285 if paid each month. Drivers can expect to pay about $521 more per year for BMW M550i insurance as compared to the average rate for midsize luxury cars, and $1,199 more per year than the overall national average of $2,221.

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

Average 2023 BMW M550i insurance premiums for different driver ages and risk scenarios.
Figure 1: Average 2023 BMW M550i insurance premiums for different driver ages and risk scenarios. Rates updated on June 27, 2025.

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Data Methodology: Average rates are for a 2023 model year BMW M550i 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 which vary by company. Comprehensive and collision 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 M550i trim levels.

2023 BMW M550i Insurance Cost Summary
Driver Risk Profile Annual Premium Cost Per Month
High Risk Driver Age 30$7,884$657
Safe Driver Age 20$6,928$577
At-fault Accidents Age 40$4,816$401
Low Deductibles Age 40$4,620$385
Safe Driver Age 30$3,668$306
Safe Driver Age 40$3,420$285
Safe Driver Age 50$3,002$250
Discount Rate Age 40$2,836$236
Safe Driver Age 60$2,814$235
High Deductibles Age 40$2,810$234

Data Methodology: Comprehensive and collision deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others which vary by company. Rates are averaged for all 2023 BMW M550i trim levels. Updated June 27, 2025

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.

BMW M550i Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 BMW M550i$6,928$3,420$2,814
2022 BMW M550i$6,706$3,282$2,700
2021 BMW M550i$6,590$3,220$2,648
2020 BMW M550i$6,364$3,110$2,560
2019 BMW M550i$5,572$2,726$2,242
2018 BMW M550i$5,264$2,582$2,126

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 M550i trim levels for each model year. Updated June 26, 2025

Average insurance rates for 2018 to 2023 BMW M550i models for drivers age 20, 40 and 60
Average insurance rates for 2018 to 2023 BMW M550i models for drivers age 20, 40 and 60

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 $584 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 $537 per year when compared to a credit rating of 670-739. Conversely, a poor credit rating could cost around $622 more per year.
  • Careless drivers spend more on insurance. At-fault accidents raise insurance rates, potentially up to $4,906 per year for a 20-year-old driver and even $790 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 ($3,002 per year) and a 20-year-old driver ($6,928 per year) is $3,926, 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 $103 and $233 on your car insurance premium, subject to policy limits.
  • Insuring teen drivers is expensive. Average rates for full coverage M550i insurance costs $11,992 per year for a 16-year-old driver, $11,726 per year for a 17-year-old driver, $10,708 per year for an 18-year-old driver, and $9,665 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 $610 per year for a 40-year-old driver and $1,212 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 $640 per year for a 40-year-old driver and $1,286 per year for a 20-year-old driver.

Is BMW M550i car insurance affordable?

The BMW M550i ranks 34th out of 38 total vehicles in the midsize luxury car class for the most affordable car insurance cost. The M550i costs an estimated $3,420 per year to insure for full coverage and the category average price is $2,899 per year, a difference of $521 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 $960 more per year than the Lexus ES 350, $678 more than the BMW 530i, and $240 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.

Insurance Cost Comparison: BMW M550i vs Midsize Luxury Cars
Rank Make and Model Annual Premium Difference
1Cadillac CT5$2,450-$970
2Lexus ES 350$2,460-$960
3Lexus ES 250$2,472-$948
4Lexus RC 300$2,482-$938
5Mercedes-Benz AMG CLA35$2,488-$932
6Audi A3$2,492-$928
7Mercedes-Benz AMG CLA45$2,546-$874
8Mercedes-Benz CLA250$2,554-$866
9Lexus IS 300$2,568-$852
10Jaguar XF$2,578-$842
11Audi S4$2,628-$792
12BMW i4$2,636-$784
13Mercedes-Benz E350$2,654-$766
14Lexus ES 300h$2,690-$730
15BMW 530i$2,742-$678
16Audi A6$2,798-$622
17Audi S5$2,802-$618
18BMW 540i$2,808-$612
19BMW 430i$2,856-$564
20Lexus IS 500$2,858-$562
21Mercedes-Benz E450$2,886-$534
22Genesis G80$2,892-$528
23Mercedes-Benz CLS450$2,968-$452
24Mercedes-Benz EQE 350$2,988-$432
25Audi RS 5$2,996-$424
26BMW 530e$3,014-$406
27Audi S6$3,044-$376
28Mercedes-Benz AMG C43$3,048-$372
29BMW M440i$3,052-$368
30Mercedes-Benz EQE 500$3,056-$364
31Audi A7$3,176-$244
32Infiniti Q50$3,180-$240
33Lexus LC 500h$3,414-$6
34BMW M550i$3,420--
35Tesla Model S$3,498$78
36Audi S7$3,520$100
37BMW M5$3,624$204
38BMW M8$3,824$404

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 2023 model year. Updated June 26, 2025

At $3,420 per year, insurance cost for a 2023 BMW M550i ranks 34th out of 38 models in the midsize luxury car segment
At $3,420 per year, insurance cost for a 2023 BMW M550i ranks 34th out of 38 models in the midsize luxury car segment