BMW 540 Car Insurance Cost 2025

Getting insurance for a BMW 540 costs an average of $2,604 per year. However, the exact cost may vary depending on factors such as your age, the car’s model year, and other individual considerations. You can explore our quote tables to get a more personalized estimate of your insurance costs.

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Updated: 14 January 2025
Written by Bob Phillips
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If you’re considering purchasing a BMW 540, one critical aspect to consider is the cost of insurance. On average, insurance for a BMW 540 costs $2,604 per year. Insurance plays a significant role in car ownership, and it’s essential to grasp the financial commitment before making a decision.

Selecting the appropriate car insurance is vital to prevent unexpected and potentially costly surprises down the road. It’s crucial to have adequate coverage in the event of an accident to avoid substantial out-of-pocket expenses. Moreover, being responsible for an accident can lead to higher insurance premiums.

With over a decade of experience studying car insurance rates, I’ve observed the considerable variation in these costs. Factors such as your age, driving history, and location all play a significant role in determining your insurance premiums.

How Much Does A BMW 540 Car Insurance Cost?

Typically, BMW 540 drivers secure car insurance at an average annual rate of $2,604.

While California Capital’s pricing can provide a useful starting point, it’s crucial to understand that car insurance expenses can vary significantly due to various factors. These include your location, driving history, car age, and the specific coverage options you choose. Generally, having a clean driving record results in lower premiums, but past accidents or traffic violations can increase rates.

Furthermore, urban areas typically have higher insurance costs than 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 compare quotes from different insurance providers to find the most favorable deal for your situation.

Average Insurance Cost Of BMW 540 By Model Year

Model Year Average Premium
2023 BMW 540 $3,690
2022 BMW 540 $3,239
2021 BMW 540 $1,758
2020 BMW 540 $2,760
2019 BMW 540 $1,225
2018 BMW 540 $1,702
2017 BMW 540 $1,748

2023 BMW 540 Insurance Rates

The average annual insurance cost for a 2023 BMW 540 is $3,690. However, California Capital offers the cheapest rates, averaging $2,604 per year.

Insurance Provider Average Annual Cost
Alliance United $4,614
Farmers $4,409
National General $3,850
California Capital $2,604
CSAA $3,587
Allied $3,060
USAA $3,098
Mercury $3,346
State Farm $3,805
United Automobile Ins Group $4,525

2022 BMW 540 Insurance Rates

The average annual insurance cost for a 2022 BMW 540 is $3,239. However, Allied offers the cheapest rates, averaging $1,885 per year.

Insurance Provider Average Annual Cost
California Capital $2,704
CSAA $3,196
Travelers $3,786
Farmers $3,716
Mercury Insurance Company $2,819
Erie $3,939
New York Central Mutual Fire $3,449
New Jersey Manufacturers $3,955
USAA $2,940
Allied $1,885

2021 BMW 540 Insurance Rates

The average annual insurance cost for a 2021 BMW 540 is $3,239. However, Plymouth Rock Assurance offers the cheapest rates, averaging $1,018 per year.

Insurance Provider Average Annual Cost
New Jersey Manufacturers $1,793
Arbella Insurance Group $2,007
Norfolk and Dedham Group $1,347
Safety Group $1,196
Erie $2,114
Plymouth Rock Assurance $1,018
Penn National $1,903
New York Central Mutual Fire $2,094
National Grange Mutual $2,022
Vermont Mutual $2,088

2020 BMW 540 Insurance Rates

The average annual insurance cost for a 2020 BMW 540 is $2,760. However, New Jersey Manufacturers offers the cheapest rates, averaging $1,944 per year.

Insurance Provider Average Annual Cost
USAA $3,002
21st Century $3,077
Home State Ins Group $3,028
Allied $2,650
Penn National $2,855
Erie $2,922
Nationwide $2,963
New Jersey Manufacturers $1,944
California Capital $2,942
Travelers $2,212

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2019 BMW 540 Insurance Rates

The average annual insurance cost for a 2019 BMW 540 is $1,225. However, Safeco offers the cheapest rates, averaging $625 per year.

Insurance Provider Average Annual Cost
Auto-Owners Insurance Co $1,529
Rural Mutual Insurance $1,554
Rockford Mutual Insurance $1,491
Pekin Insurance $1,601
Auto Club Group $1,253
Hastings Mutual Insurance Co $656
Safeco $625
Mercury Insurance $1,027
SECURA Insurance $1,193
West Bend Mutual $1,325

2018 BMW 540 Insurance Rates

The average annual insurance cost for a 2018 BMW 540 is $1,702. However, Kemper Auto | Infinity offers the cheapest rates, averaging $809 per year.

Insurance Provider Average Annual Cost
Country $1,608
Kemper Auto | Infinity $809
Republic Indemnity $2,236
Texas Farm Bureau Group $1,425
Mercury Insurance $1,510
Clearcover $1,585
21st Century $2,466
New Jersey Manufacturers $1,957
Auto-Owners Insurance Co $1,710
Kemper Auto $1,714

2017 BMW 540 Insurance Rates

The average annual insurance cost for a 2017 BMW 540 is $1,748. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,040 per year.

Insurance Provider Average Annual Cost
New Jersey Manufacturers $1,766
Republic Indemnity $1,796
Direct Auto $1,812
National General Value $1,889
SECURA Insurance $1,081
Chubb $2,250
Texas Farm Bureau Group $1,040
Mercury Insurance $2,027
Hastings Mutual Insurance Co $1,896
New York Central Mutual Fire $1,921

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Common BMW 540 Insurance Discounts

Lowering your car insurance costs can be made easier through various discounts offered by auto insurance providers. Common discounts you might qualify for include:

  • Multi-policy: Bundling your home and auto insurance policies with the same provider often results in a discounted rate.
  • Pay annually: Paying your premium in full instead of monthly installments may lead to savings.
  • Defensive driving: Completing a certified defensive driving course can make you eligible for reduced rates.

There may be additional discounts specific to your situation. Consult with your insurance agent to identify all the discounts you qualify for and maximize your savings.

Our Methodology

To calculate average car insurance costs, Insuranceopedia compiled thousands of quotes from top auto insurance providers. The sample profile used a 40-year-old male driver purchasing full-coverage insurance with $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Your individual results may vary depending on your specific profile and circumstances.

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Brands Reviewed

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FAQs

Do You Need Insurance Before You Can Purchase A BMW 540?

Yes, proof of insurance is required before driving your BMW 540 off the dealership lot. It’s best to purchase a policy in advance and inform your insurance provider about the car purchase, rather than relying on insurance offered through the dealership.

How Can You Get The Cheapest Insurance For Your BMW 540?

To find the cheapest rates for insuring your BMW 540, the most effective strategy is to shop around and compare quotes from various auto insurance providers. Insuranceopedia simplifies this process by enabling you to compare rates from multiple companies directly on our website.

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