BMW 530 Car Insurance Cost 2025
The average annual cost to insure a BMW 530 is $2,900. However, actual rates may differ based on factors like your age, the car’s model year, and other personal considerations. Check out the quote tables below to get an estimate tailored to your situation.
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The average cost to insure a BMW 530 is around $2,900 per year, or roughly $240 per month. As a luxury midsize sedan, the 530 typically carries higher insurance premiums than more basic vehicles due to its elevated repair costs, advanced technology, and performance capabilities. Factors such as your age, driving history, location, and coverage preferences can also influence how much you’ll pay. While some drivers may find lower rates with insurers like State Farm or USAA, others may receive higher quotes depending on their profile. Comparing offers from multiple companies is key to finding the best rate for a BMW 530.
How Much Does BMW 530 Car Insurance Cost?
BMW 530 drivers typically pay an average of $2,900 annually for car insurance.
While 21st Century’s rate can serve as a useful point of reference, it’s crucial to understand that car insurance costs can vary significantly due to multiple factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, while a history of accidents or traffic violations can increase rates.
Additionally, living in a bustling urban area typically leads to higher insurance rates compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, will be more expensive than basic liability coverage.
At Insuranceopedia, our goal is to help you shop around and compare quotes from different insurance providers to ensure you find the most favorable deal.
Average Insurance Cost Of BMW 530 By Model Year
| Model Year | Average Premium |
| 2025 BMW 530 | $3,090 |
| 2024 BMW 530 | $5,400 |
| 2023 BMW 530 | $3,152 |
| 2022 BMW 530 | $2,259 |
| 2021 BMW 530 | $2,745 |
| 2020 BMW 530 | $1,760 |
| 2019 BMW 530 | $1,589 |
| 2018 BMW 530 | $1,283 |
| 2017 BMW 530 | $1,535 |
| 2011 BMW 530 | $3,656 |
2025 BMW 530 Insurance Rates
The average annual insurance cost for a 2025 BMW 530 is $3,090. However, State Farm offers the cheapest rates, averaging $1,967 per year.
| Insurance Company | Average Annual Cost |
|---|---|
| State Farm | $1,967 |
| Nationwide | $2,537 |
| Geico | $2,780 |
| Progressive | $3,513 |
| Farmers | $3,646 |
| Allstate | $4,541 |
| USAA | $2,918 |
| 21st Century | $2,868 |
| Mercury Insurance | $3,130 |
| Erie | $3,000 |
2024 BMW 530 Insurance Rates
The average annual insurance cost for a 2024 BMW 530 is $5,400. However, 21st Century offers the cheapest rates, averaging $2,868 per year.
| Insurance Provider | Average Annual Cost |
| USAA | $5,799 |
| 21st Century | $2,868 |
| New York Central Mutual Fire | $6,552 |
| Mercury | $4,197 |
| Unitrin | $6,036 |
| Grange | $6,686 |
| Farmers | $5,975 |
| California Capital | $4,431 |
| Travelers | $6,230 |
| Erie | $5,221 |
2023 BMW 530 Insurance Rates
The average annual insurance cost for a 2023 BMW 530 is $3,152. However, Mercury Insurance offers the cheapest rates, averaging $2,219 per year.
| Insurance Provider | Average Annual Cost |
| California Capital | $2,814 |
| CSAA | $3,398 |
| Nationwide | $2,704 |
| 21st Century | $2,885 |
| Mercury Insurance | $2,219 |
| Allied | $3,635 |
| Mercury | $3,580 |
| Bristol West | $3,140 |
| Farmers | $3,727 |
| Travelers | $3,416 |
2022 BMW 530 Insurance Rates
The average annual insurance cost for a 2022 BMW 530 is $2,259. However, Safeco offers the cheapest rates, averaging $309 per year.
| Insurance Provider | Average Annual Cost |
| 21st Century | $2,536 |
| National General | $2,105 |
| Mercury Insurance Company | $3,130 |
| Safeco | $309 |
| Penn National | $1,753 |
| Kemper Auto | Infinity | $3,478 |
| New Jersey Manufacturers | $1,477 |
| National General Value | $2,720 |
| Clearcover | $3,000 |
| Mercury Insurance | $2,077 |
2021 BMW 530 Insurance Rates
The average annual insurance cost for a 2021 BMW 530 is $2,745. However, Direct Auto offers the cheapest rates, averaging $1,234 per year.
| Insurance Provider | Average Annual Cost |
| California Capital | $2,696 |
| Kemper Auto | Infinity | $2,145 |
| Farmers | $3,451 |
| 21st Century | $3,225 |
| Mercury | $2,709 |
| National General Value | $3,047 |
| Clearcover | $3,017 |
| CSAA | $3,138 |
| Allied | $2,785 |
| Direct Auto | $1,234 |
2020 BMW 530 Insurance Rates
The average annual insurance cost for a 2020 BMW 530 is $1,760. However, NatGen Custom 360 offers the cheapest rates, averaging $391 per year.
| Insurance Provider | Average Annual Cost |
| Norfolk and Dedham Group | $1,730 |
| Dairyland FR Bond | $1,733 |
| Clearcover | $1,667 |
| NatGen PPA | $1,379 |
| Safety Group | $1,830 |
| Plymouth Rock Assurance | $1,996 |
| Quincy Mutual | $2,527 |
| Direct Auto | $1,779 |
| Dairyland Broadform | $1,672 |
| NatGen Custom 360 | $391 |
2019 BMW 530 Insurance Rates
The average annual insurance cost for a 2019 BMW 530 is $1,589. However, Mercury Insurance offers the cheapest rates, averaging $1,088 per year.
| Insurance Provider | Average Annual Cost |
| New Jersey Manufacturers | $1,995 |
| Plymouth Rock Assurance | $1,462 |
| Texas Farm Bureau Group | $1,330 |
| Country | $1,698 |
| Direct Auto | $1,157 |
| Shelter | $1,987 |
| Mississippi Farm Bureau | $1,597 |
| Safety Group | $1,739 |
| Mercury Insurance | $1,088 |
| Norfolk and Dedham Group | $1,832 |
2018 BMW 530 Insurance Rates
The average annual insurance cost for a 2018 BMW 530 is $1,283. However, Safeco offers the cheapest rates, averaging $170 per year.
| Insurance Provider | Average Annual Cost |
| Plymouth Rock | $1,617 |
| Texas Farm Bureau Group | $1,510 |
| Tennessee Farmers | $1,844 |
| Grange Mutual | $1,639 |
| Safeco | $170 |
| Mercury Insurance | $613 |
| New Jersey Manufacturers | $1,360 |
| Westfield | $1,642 |
| Virginia Farm Bureau | $1,073 |
| Plymouth Rock Assurance | $1,364 |
2017 BMW 530 Insurance Rates
The average annual insurance cost for a 2017 BMW 530 is $1,535. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,035 per year.
| Insurance Provider | Average Annual Cost |
| National General Value | $1,804 |
| Auto-Owners Insurance Co | $1,937 |
| New Jersey Manufacturers | $1,770 |
| Direct Auto | $1,335 |
| Mercury Insurance | $1,270 |
| Farm Bureau Mutual (IA Group) | $1,456 |
| Atlantic States Insurance | $1,745 |
| Texas Farm Bureau Group | $1,035 |
| Mercury Insurance Company | $1,866 |
| Plymouth Rock | $1,127 |
2011 BMW 530 Insurance Rates
The average annual insurance cost for a 2011 BMW 530 is $3,656. However, Plymouth Rock offers the cheapest rates, averaging $2,155 per year.
| Insurance Provider | Average Annual Cost |
| Plymouth Rock | $2,155 |
| Mercury | $3,256 |
| Mercury Insurance Company | $3,434 |
| Safeco | $4,590 |
| Metropolitan | $4,843 |
Find Affordable BMW 530 Insurance Rates
Are BMW 530s Expensive To Insure?
Yes, BMW 530 models are generally more expensive to insure compared to standard sedans. As part of BMW’s luxury midsize lineup, the 530 comes with advanced safety tech, high-end materials, and a powerful engine—factors that contribute to higher repair and replacement costs. Insurance companies often associate these vehicles with increased claim expenses, which drives premiums up. Additionally, features like turbocharged performance and enhanced driver assistance systems can influence rates. While actual costs vary based on personal details and location, drivers should expect above-average premiums. Comparing quotes from several insurers can help secure more competitive pricing for a BMW 530.
Cheapest Car Insurance Companies For A BMW 530
Among these providers, State Farm offers the most affordable monthly rate for insuring a BMW 530, making it a great option for budget-conscious drivers. On the other end, Erie comes in as the most expensive on this list, though still competitively priced when compared to broader market averages. USAA, 21st Century, and Nationwide also offer solid pricing for drivers seeking reliable coverage at lower costs.
| Insurance Company | Estimated Monthly Premium |
|---|---|
| Erie | $250 |
| USAA | $243 |
| State Farm | $164 |
| 21st Century | $237 |
| Nationwide | $212 |
Common BMW 530 Insurance Discounts
To reduce your car insurance costs, consider exploring available discounts offered by your provider. Common options include:
- Multi-policy Discount: Save by bundling home and auto insurance policies with the same provider.
- Pay Annually: Opt to pay your premium in one lump sum instead of monthly installments for potential savings.
- Defensive Driving: Complete a certified defensive driving course to qualify for reduced rates.
Additional discounts may be available based on your situation. Consult your insurance agent for guidance on finding and applying for all eligible discounts.
Compare BMW 530 To Other BMW Models
Looking for other BMW model insurance costs?
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- BMW 530xe Car Insurance
- BMW 540 Car Insurance
- BMW 540xd Car Insurance
- BMW 640 Car Insurance
- BMW 650 Car Insurance
- BMW 7 Series 740 Car Insurance
- BMW 7 Series 745xe Car Insurance
- BMW 7 Series 750 Car Insurance
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- BMW M4 Car Insurance
- BMW M6 Car Insurance
- BMW M8 Car Insurance
- BMW X4 Car Insurance
- BMW i8 Car Insurance
- BMW X1 Car Insurance
- BMW i3 Car Insurance
- BMW M5 Car Insurance
- BMW X3 Car Insurance
- BMW X5 Car Insurance
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- BMW Z4 Car Insurance
- BMW X6 Car Insurance
- BMW X2 Car Insurance
Our Methodology
Insuranceopedia gathered thousands of quotes from top auto insurance providers to calculate average car insurance costs. The sample profile used was a 40-year-old male driver purchasing full-coverage insurance with the following coverage limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. Keep in mind, your individual rates may vary based on personal factors.
Quotes Analyzed
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FAQs
Do You Need Insurance Before You Can Purchase A BMW 530?
To drive your BMW 530 off the dealership lot, you’ll need to provide proof of insurance. The best approach is to purchase a policy in advance and inform your insurance company about the upcoming car purchase. This is often more cost-effective and flexible than opting for insurance through the dealership.
How Can You Get The Cheapest Insurance For Your BMW 530?
Finding the most affordable rates for insuring your BMW 530 is easiest when you compare quotes from various auto insurance providers. Luckily, Insuranceopedia simplifies this process by letting you compare multiple quotes directly on their website.
