07-24-2019, 08:05 PM | #1 |
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Cost to Insure M550
I’m curious what those of you who have an M550 pay each month. My agent just told me Safeco quoted $320/month even with my spotless driving record. I know it has to do with age and location, and I’m in a costly part of the country, but would love to know what others pay.
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07-24-2019, 08:38 PM | #2 |
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$341/month for mine. Up $5 a month when exchanged F10 M5 on policy from geico
This is the most I ever paid. When I was married and had plenty of speeding tickets 10 yrs ago at 32 I was paying $128/month for jaguar S type R(never will own another jag again!!) and same on 2008 E350 Benz. Hard to believe it's over doubled what I paid 10 yrs ago
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07-24-2019, 09:30 PM | #3 |
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$570 / 6 months with low deductible and $500k coverage.
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07-24-2019, 09:47 PM | #5 | |
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07-24-2019, 09:56 PM | #6 | ||
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2013 535i M, Carbon black 20' 6 M wheels, totaled.
2018 750M , 2013 M5 , Individual Silver, Bolt ons-Straight piped 2019 M550 686BK Black Chrome 20"wheels, filters, Evolve Stage 1, Res delete 2024 i5 M60 Cape York Green |
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07-24-2019, 10:09 PM | #7 |
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07-25-2019, 02:26 AM | #8 | |
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I'm currently at $840 for 6 months ($140/mo) with Progressive pay in full discount. $300k CSL/$500 Collision/$100 Comprehensive. I'm 24 and married. No recent at-fault accidents, but 2 NOT at-fault claims. |
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07-25-2019, 04:32 AM | #9 | ||
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2013 535i M, Carbon black 20' 6 M wheels, totaled.
2018 750M , 2013 M5 , Individual Silver, Bolt ons-Straight piped 2019 M550 686BK Black Chrome 20"wheels, filters, Evolve Stage 1, Res delete 2024 i5 M60 Cape York Green |
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07-25-2019, 08:26 AM | #10 |
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About $2500 per year for me. $250 deductibles, full coverage, clean driving record, no prior claims.
I am located in South Florida where the rates are high. |
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07-25-2019, 06:27 PM | #12 |
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I'm at $100/mo range. I have no history of tickets or accidents last 20 years. If it helps, I went from a 2017 340ix to a 2019 M550ix and it went up like $120 for the year. which is pretty flat considering it's a $25K more and 2 years newer. I'm with Travelers and it is my primary vehicle.
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07-25-2019, 08:31 PM | #13 |
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This is pretty much a useless thread.
There are so many variables dependent on the insured drivers (age, experience, ticket/accident, marital status, # of drivers), car itself, miles driven, location and coverage (and also multi-policy discounts and umbrella coverage). I doubt you can do any meaningful extrapolation/comparison based on other people's incomplete information. If you are in California, there was a rather large increase in premium this year (especially if you have a clean record) due to a significant increase in claims in the state. |
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07-29-2019, 12:42 PM | #14 |
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Jeez I thought mine was expensive. We pay around $2100/year but that covers an M550, Lexus IS, and Toyota 4Runner. 500k limits with comprehensive, add-on UI/UM, $1k deductibles on all three. We do have a multi-policy discount w/homeowners & umbrella.
Premiums in GA seem to climb every year. Not too long ago we were only paying $900/year for everything. Of course this was before we added a house and BMW to the mix. |
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07-30-2019, 05:59 AM | #15 |
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My coverage for my M550i and a Volvo XC60 is about $1k (~$170 a month) for 6 months. $500 deductibles
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08-10-2019, 09:00 PM | #16 | |||
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Seriously though, that's crazy money for car insurance....
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03-23-2023, 04:45 PM | #17 |
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M550i insurance really surprised me.
Replacing a 2011 Infiniti g37 sedan. When shopping around per 6 month increase Model 3 performance (54k) - $280 M440i GC - $330 M550i $9xx Time March 2023, NorCal |
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03-23-2023, 06:23 PM | #18 |
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I'm paying considerably less than most of what I'm reading here, but I also qualify for USAA. They tend to have lower rates than the big guys.
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03-24-2023, 12:25 PM | #22 |
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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.
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