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.

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Updated: 26 May 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, 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

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.

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