BMW 530xe Car Insurance Cost
Securing insurance for a BMW 530xe usually costs around $750 per year with Direct General Insurance. However, the exact price can fluctuate depending on variables such as your age, the car’s model year, and other factors. You can utilize the quote tables below to approximate the specific cost tailored to your circumstances.
If you’re considering purchasing a BMW 530xe, one important factor to consider is the cost of insurance. Insurance plays a significant role in car ownership, and it’s vital to comprehend the financial obligation before making a decision.
Selecting the appropriate car insurance is essential to prevent unexpected and potentially costly surprises down the line. It’s crucial to have adequate coverage in the event of an accident to avoid significant out-of-pocket expenses. Furthermore, being responsible for an accident can lead to higher insurance premiums.
Based on more than ten years of analyzing car insurance rates, I’ve noticed how much these expenses can differ. Factors such as your age, driving history, and location all play a crucial role in determining your insurance premiums.
How Much Does BMW 530xe Car Insurance Cost?
Usually, Direct General Insurance offers the most affordable option, with an approximate annual cost of $750 for comprehensive insurance coverage on a 2022 BMW 530xe.
While Direct General Insurance’s pricing can be a useful starting point, it’s crucial to understand that car insurance expenses can differ significantly based on various factors. These include your location, driving record, car age, and the specific coverage options you choose. Having a clean driving history typically leads to lower premiums, while past accidents or traffic violations can raise rates.
Additionally, urban areas generally have higher insurance costs compared to rural ones. The type of coverage you select also impacts your premium; comprehensive coverage, which includes both comprehensive and collision coverage, tends to be more expensive than basic liability coverage.
At Insuranceopedia, we’re here to help you navigate and compare quotes from different insurance providers, ensuring you find the most favorable deal for your needs.
2022 BMW 530xe Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct General Insurance | $750 |
| Titan | $1,100 |
| Virginia Farm Bureau | $1,210 |
| Victoria | $1,475 |
| Mississippi Farm Bureau | $1,622 |
| Utica National Ins Group | $1,625 |
| Nationwide | $1,725 |
| ALFA | $1,805 |
| North Carolina Farm Bureau | $1,805 |
| GMAC Insurance Group | $2,101 |
2021 BMW 530xe Insurance Rates
| Insurance Provider | Average Annual Cost |
| Penn National | $2,055 |
| Mercury | $2,241 |
| Liberty Mutual | $2,107 |
| Encompass | $3,444 |
| Nationwide | $1,070 |
| USAA | $1,314 |
| State Farm | $2,439 |
| Erie | $2,176 |
| Allied | $2,225 |
| Allstate | $3,550 |
2020 BMW 530xe Insurance Rates
| Insurance Provider | Average Annual Cost |
| Western National | $2,881 |
| Allied | $2,662 |
| Cameron Mutual Group | $1,772 |
| Auto-Owners Insurance Co | $2,940 |
| State Farm | $2,723 |
| Farm Bureau Mutual (IA Group) | $2,359 |
| Farmers | $2,541 |
| Hastings Mutual Insurance Co | $2,590 |
| IMT Insurance Company | $2,052 |
| Farmers Mutual of Nebraska | $1,454 |
2019 BMW 530xe Insurance Rates
| Insurance Provider | Average Annual Cost |
| Farmers | $1,925 |
| Metropolitan | $3,287 |
| Mercury | $2,156 |
| Alliance United | $3,116 |
| USAA | $2,366 |
| Grange | $3,352 |
| State Farm | $2,993 |
| 21st Century | $2,372 |
| Liberty Mutual | $2,015 |
| California Capital | $2,139 |
2018 BMW 530xe Insurance Rates
| Insurance Provider | Average Annual Cost |
| MO Farm Bureau Services | $2,550 |
| Hartford | $3,367 |
| CSAA | $3,165 |
| Alliance United | $3,213 |
| Farmers | $1,795 |
| Grange | $3,111 |
| Mercury | $2,952 |
| California Capital | $1,979 |
| 21st Century | $2,413 |
| Electric | $2,919 |
Compare BMW 530xe To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.
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