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Cheapest Bmw 530 Car Insurance (Apr 2024)

Compare 50+ top insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance for your Bmw 530
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Andrea Barrett
Expert Insurance Writer
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Reviewed by Josh Damico, Vice President Insurance Operations
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Edited by Kianna Walpole, Expert Insurance Writer & Editor

How much does Bmw 530 car insurance cost? 

The average cost of
car insurance
for a BMW 530 is around $150 monthly for state minimum liability coverage or about $150 per month for a full-coverage policy. Compared to vehicles of a similar make and model, BMW 530 drivers pay about 91% more more to insure their car.
Car insurance can be expensive, especially for a luxury car, so shopping around and
comparing quotes
from several providers to find low rates is important—and with
Jerry
, it can all be done in minutes.

Compare the cheapest Bmw 530 car insurance quotes

Shopping around for the best rate is the easiest way to save money. But with dozens of reputable insurance carriers all offering different rates, comparing quotes from each provider can seem like a tall order. 
Luckily, Jerry simplifies the process for stress-free shopping. As the top
car insurance comparison
tool, Jerry walks you through creating a profile that’s used to find personalized car insurance quotes from 55+ top providers in your area in under a minute. 
Take a look at the table below to see actual rates BMW 530 drivers have gotten from Jerry.
DateCarInsurance companyPremium (monthly)CustomerInsurance coverage
April 15, 2024
BMW 530Allstate
$72
• 100,000/300,000 Liability
March 30, 2024
BMW 530Travelers
$55
• 50,000/100,000 Liability
• Comp / Collision
coverageLast Updated Apr 15, 2024

The best car insurance companies for Bmw 530 owners

Car insurance rates are as unique as each driver—premiums are personalized based on various factors insurers use to
calculate your premiums
, which means rates for BMW 5 series auto insurance will differ dramatically between drivers and carriers.
But when looking for car insurance, cost is only one factor—you’ll also want to consider a carrier’s ratings for things like claims experience and customer service. 
To help drivers find their ideal insurer, Jerry surveyed over 18,000 real policyholders to determine the
best car insurance companies
. We asked policyholders what they do and don’t like about their current insurance provider, and here’s what they had to say:
Insurance CompanyOverall RatingPriceClaims ExperienceCustomer Service
Safeco
4.6
4.4
4
4.5
Travelers
4.5
4.2
4.4
4.5
Progressive
4.3
3.9
3.9
4.3
AAA
4.2
4
3.8
4.4
Allstate
4.2
3.6
3.8
4.2
USAA
4
3.5
4.5
4.2
State Farm
4
3.4
3.8
4.2
Farmers
4
3.4
4.1
3.9
Geico
3.9
3.3
3.9
4
Liberty Mutual
3.7
3.2
3.5
3.7
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How'd we get these scores?

Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

How much car insurance do you need for a Bmw 530?

Car insurance requirements differ based on where you live, but regardless of location, drivers are required to meet or exceed their state's
minimum coverage car insurance
requirements to drive legally. 
CarAverage Full Coverage Insurance CostAverage State Minimum Insurance Cost
Bmw 530
$236
$117
There are two options for insurance:
  • Minimum coverage insurance
    is the minimum amount legally required in your state, and includes
    bodily injury
    and
    property damage
    liability insurance. This type of insurance will cover any injuries or damages you cause to another party after an accident, but will not cover your own costs.
  • Full coverage insurance
    typically includes liability insurance, along with
    collision
    and
    comprehensive
    coverage to protect your vehicle from damage in collision and non-collision related events (i.e. theft, vandalism, severe weather, etc.).
If you loan or lease your vehicle, your lender will likely require you to purchase collision and comprehensive coverage for the duration of your loan or lease. You’ll also need a full coverage policy if you plan to add additional coverages, such as roadside assistance.

Why are some trims more expensive to insure than others?

In most cases, the more expensive your car, the more you’ll pay to insure it. Higher trim levels come with more safety features and tech with higher repair costs and, as a result, higher insurance costs. 
Check out the table below to see the average cost of auto insurance for the most popular BMW 530 trim levels.
CarMonthly minimum coverage costMonthly full coverage cost
530 BMW i
$109
$239
530 BMW i Automatic
$122
$237
530 BMW i xDrive
$129
$235
530 BMW E
$104
$210
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Bmw 530 insurance cost by model year

Like trim levels, newer features and more technology have higher costs when it comes to insurance. As such, newer BMW models will cost more to insure than older ones.
Take a look at some real quotes BMW 530 drivers found using Jerry to see how model years affect insurance premiums.

Are Bmw 530s expensive to insure? 

The average rate to insure a BMW 520 for minimum coverage insurance is around $150 per month, or $1,800 per year. For a full coverage policy, drivers pay an average of $150 per month, or $1,800 per year. 
However, insurance costs are highly individual, which means you could pay more or less to insure your BMW 530.
CarMonthly minimum coverage costMonthly full coverage cost
BMW 530
$117
$236
Tesla Model X
$97
$250
Lincoln Aviator
$95
$166
Audi S4
$76
$219
Jaguar XF
$111
$217
Why are similar cars more or less expensive to insure? When calculating insurance costs, insurers consider various factors, such as the Manufacturer's Suggested Retail Price (MSRP), model year, and safety ratings. Newer and more expensive models, regardless of the make, generally cost more to insure than older, base-level models.

What other factors affect Bmw 530 insurance rates?

In addition to vehicle-specific factors, insurers also consider other driver-specific factors, such as:
  • Your age: Drivers under 25 pay the highest insurance rates for any age group due to limited driving experience and a higher risk for accidents. Similarly, drivers over 75 pay higher rates due to age-related factors that increase risk.
  • Your driving record and claims history: A history of accidents and moving violations signals to insurers that you’re a high-risk driver and will cause insurance rates to increase, regardless of what vehicle you drive.
  • Your zip code: Different areas within a city are subject to unique factors that influence car insurance rates, such as traffic patterns and crime activity.
  • Mileage: The more you drive, the higher the risk of being involved in an accident and the more you’ll pay for insurance.
  • Credit score: Most insurers use credit-based insurance scores to set premiums. Drivers with excellent scores (over 750) are rewarded with lower premiums than drivers with poor credit scores (under 550).

Bmw 530 insurance cost for young drivers

Teen drivers
between the ages of 16 and 19 and new drivers face some of the highest insurance rates out of any age group due to limited experience behind the wheel and a higher risk of accidents. As experience increases, rates should steadily start to decline.
Young and new drivers, especially those with new(er) cars, should also consider investing in a full coverage insurance policy that includes collision and comprehensive insurance for greater financial and legal protection.
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Effie (21 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
$61
per month
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Bryan (24 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
$70
per month

Bmw 530 insurance cost for senior drivers

Middle-aged drivers (40-year-olds) tend to pay the lowest rates. However, as drivers reach their mid-70s, insurance rates start to climb again. This is because elderly drivers are more vulnerable to severe injuries in the event of a collision, leading to significant medical expenses and other increased costs for insurance providers.
Luckily, Jerry can help find affordable
car insurance rates for seniors
.
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Jesse (74 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
$77
per month
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Lilly (67 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
Comp / Collision
$58
per month

Bmw 530 insurance cost for drivers with driving violations 

Your driving record has one of the biggest influences on car insurance rates. A history of accidents and moving violations—even something like a minor speeding ticket—can cause insurance rates to increase. Generally speaking, insurance providers reward good drivers with the lowest rates. 
Some common violations that can lead to high insurance rates are:

Cheapest car insurance for Bmw 530 drivers with speeding ticket

Any type of speeding ticket will result in higher insurance rates, but repercussions vary based on the degree of speeding. For example, rates will increase less for driving 5 mph over the posted speed limit compared to driving 20 mph over. And if you’re nailed for reckless driving, you can expect your insurance rates to go through the roof.
If you’ve recently added a speeding ticket to your driving record, Jerry can help you compare rates from the top providers to find the most affordable policy for your BMW 530 without sacrificing coverage.
Speeding TypeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
Speeding 1-5
BMW 530Travelers
$55
• 50,000/100,000 Liability
• Comp / Collision
Speeding 6-10
BMW 530Allstate
$72
• 100,000/300,000 Liability
coverageLast Updated Apr 14, 2024

Cheapest car insurance for Bmw 530 drivers with a DUI record

A DUI conviction on your driving record is a serious offense that tells insurers you’re a high-risk driver and will increase your car insurance rates significantly. Rates will vary between insurance companies, so it’s important to compare quotes to find the most affordable costs.
Check out some of the BMW 5 series car insurance rates Jerry found for drivers with a DUI on their record. 
card cover
Elva (34 years old)
coverageCoverage
50,000 per person
100,000 per accident bodily injury
Comp / Collision
$75
per month
card cover
Rhoda (32 years old)
coverageCoverage
100,000 per person
300,000 per accident bodily injury
$49
per month

Cheapest car insurance for Bmw 530 drivers after an accident

A history of at-fault accidents on your driving history is another reason for increasing auto insurance rates. Insurers base their annual premiums on risk level, and the higher risk you are as a policyholder, the more you’ll pay to insure your car.
If you have one or more at-fault accidents on your driving record, Jerry can help you compare rates from providers in your area to find the most affordable option. 
Accident typeCarInsurance CompanyPremium (monthly)CustomerInsurance coverage
At Fault With Injury
BMW 530Progressive
$52
• 50,000/100,000 Liability
• Comp / Collision
At Fault With No Injury
BMW 530Allstate
$71
• 100,000/300,000 Liability
• Comp / Collision
coverageLast Updated Apr 16, 2024

Cheapest car insurance for Bmw 530 drivers with other driving violations on their record

DUIs, speeding, and accidents are only a few violations that can lead to high auto insurance rates. Other offenses, such as reckless driving, driving with a suspended license, or driving without insurance, can also hike up rates.
Check out the table below to see how Jerry found affordable BMW 5 series insurance costs for drivers with other violations.

ViolationCarInsurance CompanyPremium (monthly)CustomerInsurance Coverage
Illegal Turn
BMW 530Allstate
$55
• 50,000/100,000 Liability
Defective Equipment
BMW 530Travelers
$76
• State Minimum Liability
coverageLast Updated Apr 13, 2024

How can I lower the cost of insurance for my car?

Shopping around and comparing free quotes is the easiest way to find the cheapest car insurance rate, but there are other easy ways to save:
  • Increase your deductible: Your
    car insurance deductible
    is the amount you must pay after filing a collision or comprehensive claim before your insurer will pay out. Increasing your deductible will lower your monthly payments—but ensure it’s a rate you can afford to pay in the event of an accident.
  • Reduce your coverage: If you have an older car with collision and comprehensive insurance, drop them and
    reduce coverage
    to save. Generally, you don't need additional coverage if your car is worth less than 10 times the auto insurance premium you’re paying.
  • Look for discounts:
    Car insurance discounts
    are one of the easiest ways to reduce your car insurance premium. Most companies offer discounts, but what’s available will depend on the insurer and your location. 
  • Bundle your insurance policies:
    Bundling your homeowners and auto insurance
    (or auto and renters) with the same insurance company can help you save on both premiums.

Methodology

The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions. 
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months). 
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.  
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings. 
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.

Meet our experts

avatar
Andrea Barrett
Andrea Barrett is an insurance writer with five years of experience in writing and publishing. Andrea specializes in car insurance, maintenance, and brand reviews, and her mission is to create comprehensive and useful content readers can use to help lower their car-related expenses. Andrea has written nearly 1,500 articles for Jerry on topics ranging from first-time buyer programs to insurance costs and vehicle life expectancies.
Before joining Jerry, Andrea co-founded a successful health food business and created content for clients in the health and wellness industry.
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Kianna Walpole
badge icon
Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
avatar
Josh Damico
badge icon
Head Of Insurance Operations
badge icon
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities.  He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.