BMW 530e Car Insurance Cost
Securing insurance for a BMW 530e typically costs around $3698 per year with National General. 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.
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, National General offers the most favorable option, with an annual cost of approximately $3698 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 |
| National General | $3,698 |
| Dairyland Auto | $23,271 |
2022 BMW 530e Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct General Insurance | $1,635 |
| Auto-Owners Insurance Co | $2,120 |
| California Capital | $2,195 |
| Georgia Farm Bureau | $2,291 |
| Farmers | $2,355 |
| Country | $2,528 |
| Mercury Insurance Company | $2,712 |
| Mississippi Farm Bureau | $2,851 |
| USAA | $2,921 |
| New Jersey Manufacturers | $3,014 |
2021 BMW 530e Insurance Rates
| Insurance Provider | Average Annual Cost |
| Penn National | $812 |
| Allied | $1,399 |
| Grange Mutual | $1,671 |
| Farm Bureau Mutual (IA Group) | $1,692 |
| Auto-Owners Insurance Co | $1,743 |
| Westfield | $1,785 |
| Tennessee Farmers | $2,103 |
| Cincinnati Insurance | $2,110 |
| USAA | $2,581 |
| Safe Auto | $2,679 |
2020 BMW 530e Insurance Rates
| Insurance Provider | Average Annual Cost |
| Farm Bureau Mutual (IA Group) | $1,477 |
| ACCC Insurance Company | $1,743 |
| Allied | $1,908 |
| Mercury | $2,058 |
| California Capital | $2,418 |
| Farmers | $2,481 |
| NatGen PPA | $2,550 |
| Country | $2,641 |
| USAA | $2,668 |
| CSAA | $2,683 |
2019 BMW 530e Insurance Rates
| Insurance Provider | Average Annual Cost |
| Safeco | $247 |
| Direct Auto | $805 |
| General Casualty | $1,026 |
| Titan | $1,073 |
| Farm Bureau Mutual (IA Group) | $1,267 |
| Mutual Of Enumclaw | $1,267 |
| Texas Farm Bureau Group | $1,257 |
| Oregon Mutual | $1,285 |
| North Carolina Farm Bureau | $1,378 |
| Utica National Ins Group | $1,468 |
2018 BMW 530e Insurance Rates
| Insurance Provider | Average Annual Cost |
| Safeco | $325 |
| Clearcover | $859 |
| Direct Auto | $847 |
| Kemper Auto Premier | $971 |
| Mercury Insurance Company | $968 |
| New Jersey Manufacturers | $1,317 |
| SECURA Insurance | $1,378 |
| Texas Farm Bureau Group | $1,546 |
| Wolverine Mutual | $1,588 |
| Utica National Ins Group | $1,595 |
Compare BMW 530e To Other BMW Models
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- BMW M2 Car Insurance
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- BMW X1 Car Insurance
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FAQs
Who has the cheapest car insurance for a BMW 530e?
In 2023, National General provides the cheapest car insurance rates for the BMW 530e.
Which company offers the best car insurance for a BMW 530e?
Taking into account their competitive pricing, comprehensive coverage, and high customer service ratings, we believe that National General offers the top car insurance choice for a BMW 530e.
