BMW 530e Car Insurance Cost

Securing insurance for a BMW 530e typically costs around $2,014 per year with Dairyland Auto. However, the final price may differ based on various factors such as your age, the model year of the car, and other relevant considerations. You can utilize the provided quote tables below to gauge an estimate tailored to your specific circumstances.

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Updated: 08 October 2024
Written by Bob Phillips
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If you’re considering purchasing a BMW 530e, it’s vital to factor in the cost of insurance. Insurance plays a significant role in car ownership, and it’s crucial to grasp the financial obligation before making a decision.

Selecting the appropriate car insurance is essential to mitigate unexpected and potentially costly surprises in the future. Having ample coverage in the event of an accident can help avoid substantial out-of-pocket expenses. Furthermore, being responsible for an accident can lead to higher premiums.

Based on my extensive experience studying car insurance rates for over a decade, I’ve noticed significant variations in these costs. Factors such as your age, driving history, and location all play a substantial role in determining your insurance premiums.

How Much Does BMW 530e Car Insurance Cost?

Normally, Dairyland Auto offers the most favorable option, with an annual cost of approximately $2,014 for comprehensive insurance on a 2023 BMW 530e.

While National General’s pricing provides a useful starting point, it’s important to understand that car insurance rates can fluctuate significantly due to various factors. These factors include your location, driving history, the age of your vehicle, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, whereas past accidents or traffic violations may increase rates.

Furthermore, urban areas tend to have higher insurance rates compared to rural regions. The type of coverage you select also impacts your premium; comprehensive coverage, which encompasses both comprehensive and collision protection, typically costs more than basic liability coverage.

At Insuranceopedia, we’re dedicated to helping you compare quotes from different insurance providers to ensure you find the most advantageous deal for your needs.

2023 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
Dairyland Auto $2,014
National General $3,733

2022 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
Erie $4,968
USAA $4,368
Travelers $3,247
Penn National $4,763
Unitrin $4,349
21st Century $3,742
Farmers $3,169
New Jersey Manufacturers $3,006
California Capital $3,145
CSAA $3,382

2021 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
21st Century $3,679
Mercury $3,047
Auto-Owners Insurance Co $2,248
USAA $2,750
Farm Bureau Mutual (IA Group) $1,673
Mercury Insurance Company $3,064
American Family $2,922
CSAA $3,092
California Capital $2,832
Farmers $2,988

2020 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
CSAA $2,184
Travelers $1,098
Mercury $1,388
Farmers $1,820
USAA $1,889
California Capital $2,067
21st Century $1,860
Alliance United $2,504
Metropolitan $2,312
NatGen PPA $2,551

2019 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
Auto-Owners Insurance Co $1,815
USAA $2,247
Penn National $1,459
Tennessee Farmers $2,260
Safeco $242
Texas Farm Bureau Group $1,578
Grange Mutual $2,377
Farmers $2,019
Travelers $2,055
Westfield $2,240

 

2018 BMW 530e Insurance Rates

Insurance Provider Average Annual Cost
Farmers $2,117
California Capital $2,406
Direct Auto $904
Texas Farm Bureau Group $1,353
National General Value $2,348
21st Century $2,164
Republic Indemnity $2,411
Mercury Insurance Company $988
Clearcover $832
Kemper Auto Premier $986

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.

105

Quotes Analyzed

58

Brands Reviewed

40+

Research Hours

15+

Years Of Experience

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