Cost to Insure M550

silverydragon72 · 03-24-2023, 03:18 PM

California is just overpriced for anything you insure just like everything here. The M550 for me is a little more expensive than others but its definitely not the worst and was only a few hundred more than I paid before per 6 months.

2022M550i · 03-24-2023, 07:38 PM

$100 per month max coverage for the 2022 M550i + i also have a 2 million umbrella policy. Arbella ins co. I pay $142 per month for my 2015 Viper through Grundy for 150k replacement value.

NGT2 · 03-24-2023, 10:49 PM

Quote:

Originally Posted by 2022M550i

$100 per month max coverage for the 2022 M550i + i also have a 2 million umbrella policy. Arbella ins co. I pay $142 per month for my 2015 Viper through Grundy for 150k replacement value.

Damn. I’m definitely paying more than that. Probably because people in Memphis drive like blind toddlers and half of them aren’t insured.

MRDILLONS · 03-24-2023, 11:38 PM

Quote:

Originally Posted by iamcc88

I don’t have my M550 yet but Allstate quoted me around $100/month. I have no accident or ticket history and I live in a relatively good driver area I guess. I’m 35.

What city you live in?

2022M550i · 03-25-2023, 09:11 AM

Quote:

Originally Posted by NGT2

Damn. I’m definitely paying more than that. Probably because people in Memphis drive like blind toddlers and half of them aren’t insured.

I’m an elderly gent (not as elderly as Joe) with a perfect driving record (never got caught driving wrecklessly), no claims and perfect credit score…. I also think the advanced driving assistant package helps as well.

carbo56 · 03-29-2023, 04:54 PM

$103/mo for $500k/$500k and $1k deductible. With USAA in Bonita Springs, FL. That's with significant discounts since I have home owners and umbrella with them. Its going up to $138/mo in April (thanks, Ian), but it will go down to somewhere in between when we move to Sarasota in May.

Sxs1687 · 03-30-2023, 10:04 PM

Just renewed with Progressive for two cars: M550i and Lexus RX350, $795/6mo in MD. Full coverage, $500 deductible, add-ons: roadside assistance and $1k worth "custom upgrades" added to both cars.

adhrp · 03-31-2023, 07:02 AM

We definitely get screwed in FL on insurance costs. I had a huge sticker shock when I moved from NJ to FL. The COL has also skyrocketed in FL such that it is comparable to many NE states now.

E3_550 · 04-01-2023, 02:37 PM

2022 550 currently pay $960 per year.
2019 X7 40i $924 per year.

Full coverage $500 deductible.

Joe-BMW33 · 04-03-2023, 06:07 AM

I don't even know how much the M550 is. $496.35 is my monthly payment. Five cars total, all drivers have perfect records, one is 20 years old which pumps up the volume. All cars have $1,000 deductible and rental provision. So $6,000 per year and the policy is part of some umbrella thing. I also get some kind of AAA discount.

Massachusetts sucks to insure a car. State sets the rates.

03-24-2023, 03:18 PM	#23
silverydragon72 Private First Class 148 Rep 134 Posts Drives: BMW M550 2021 Join Date: Oct 2022 Location: San Jose, CA iTrader: (0)	California is just overpriced for anything you insure just like everything here. The M550 for me is a little more expensive than others but its definitely not the worst and was only a few hundred more than I paid before per 6 months.
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03-24-2023, 07:38 PM	#24
2022M550i Lieutenant Colonel 3034 Rep 1,556 Posts Drives: 2022 M550i, 2015 Viper Join Date: Feb 2022 Location: CT iTrader: (0)	$100 per month max coverage for the 2022 M550i + i also have a 2 million umbrella policy. Arbella ins co. I pay $142 per month for my 2015 Viper through Grundy for 150k replacement value.
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03-29-2023, 04:54 PM	#28
carbo56 Private 20 Rep 86 Posts Drives: BMW M550 Join Date: May 2020 Location: Florida, USA iTrader: (0)	$103/mo for $500k/$500k and $1k deductible. With USAA in Bonita Springs, FL. That's with significant discounts since I have home owners and umbrella with them. Its going up to $138/mo in April (thanks, Ian), but it will go down to somewhere in between when we move to Sarasota in May.
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03-30-2023, 10:04 PM	#29
Sxs1687 Second Lieutenant 177 Rep 281 Posts Drives: BMW M550i Join Date: Oct 2021 Location: MD iTrader: (0)	Just renewed with Progressive for two cars: M550i and Lexus RX350, $795/6mo in MD. Full coverage, $500 deductible, add-ons: roadside assistance and $1k worth "custom upgrades" added to both cars.
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03-31-2023, 07:02 AM	#30
adhrp Lieutenant Colonel 1303 Rep 1,626 Posts Drives: 2020 M550i (G30)/2021 X3 (G02) Join Date: Jun 2014 Location: FL iTrader: (0)	We definitely get screwed in FL on insurance costs. I had a huge sticker shock when I moved from NJ to FL. The COL has also skyrocketed in FL such that it is comparable to many NE states now. __________________ 2020 M550i (G30) \| Carbon Black/Black Nappa \| DHP \| DAP \| Executive \| Luxury Seating \| Park Asst \| Ceramic Controls \| Front/Rear Heated Seats \| 20" 668M wheels 2021 X3 (G02) \| Dark Graphite Metallic/Cognac \| Premium \| DAP \| Front/Rear Heated Seats Sold/Retired: 2012 328i (F30)
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04-01-2023, 02:37 PM	#31
E3_550 Private 71 Rep 79 Posts Drives: 2022 BMW M550 Join Date: Aug 2021 Location: Mid-South iTrader: (0) Garage List 2022 M 550 [0.00] 2019 X7 40 [0.00]	2022 550 currently pay $960 per year. 2019 X7 40i $924 per year. Full coverage $500 deductible.
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04-03-2023, 06:07 AM	#32
Joe-BMW33 Major General 7338 Rep 6,749 Posts Drives: '18 M550i\|'21 X5\|'03 540i Join Date: Apr 2021 Location: Boston iTrader: (1) Garage List 2013 VW Tiguan [0.00] 2015 Infiniti QX60 [0.00] 2021 BMW X5 [0.00] 2003 BMW 540i [0.00] 2018 BMW M550 [10.00]	I don't even know how much the M550 is. $496.35 is my monthly payment. Five cars total, all drivers have perfect records, one is 20 years old which pumps up the volume. All cars have $1,000 deductible and rental provision. So $6,000 per year and the policy is part of some umbrella thing. I also get some kind of AAA discount. Massachusetts sucks to insure a car. State sets the rates. __________________ 2018 M550ix\|Carbon Black\|Dinan Modifications\|2003 540i\|Jet Black\|M-Sport\|2021 X5 Mineral White Prior BMW's: 1987 325e\|1993 740i\|1998 740il\|2001 530i\|2002 745li\|2007 750li\|2006 750li\|2001 530i\|2012 535xi\|
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