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.
We’ve saved shoppers an average of $600 per year on their car insurance.
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 |
Find Affordable BMW 540 Insurance Rates
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 |
Find Affordable BMW 540 Insurance Rates
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.
Compare BMW 540 To Other BMW Models
Looking for other BMW model insurance costs?
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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.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
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.