Compare BMW 5 Series Car Insurance Rates [2023]
Car insurance costs for a BMW 5 series vary based on the model. The average BMW 5 Series car insurance rates are $130/mo. Cheap BMW 5 Series rates can be found on older models, and advanced safety features can help bring BMW 5 series auto insurance rates down. Insurance is just part of the BMW 5 series cost to own, and they are expensive luxury cars.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 16, 2023
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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The BMW 5 Series come equipped with many state-of-the-art safety features.
- The average BMW 5 Series car insurance rates are $130/mo
- The 5 Series obtained excellent results in government crash test studies.
- There are several things you can do personally to keep your car insurance premiums as low as possible.
The BMW 5 Series cars are known for their performance, luxury, and quality of engineering. So, what does that mean for you when it comes time to get a BMW 5 Series auto insurance policy? How much is insurance for a BMW 5 series?
The best car insurance companies all have very different rates for the BMW 5 series. But don’t worry about the research, because it’s all right here. We’ll break down BMW 5 series car insurance rates and the factors that affect them.
Read on to learn all about BMW 5 Series car insurance rates. Then enter your ZIP code above to get started with comparing FREE car insurance quotes.
How do I get a cheap car insurance quote on a BMW 5 Series?
The average cost of insurance for a BMW 5 series is $130/month. Your rates will vary, however, based on driving history, location, and other factors.
One of these vehicles new will certainly cost more to insure than an average car that costs a lot less. It is impossible to know exactly what a person will have to pay until they get some different quotes, but there are some general ideas to get a ballpark figure.
There are other things a person can continually do to help lower their insurance rates.
- Being a safe driver is probably the most important thing you can do. Besides keeping yourself safe, not getting in accidents allows the insurance providers to view you as less of a risk to insure, which means you won’t have the highest rate possible.
- Keeping your insurance claims to a minimum will also help to make you appear as less of a risk.
- Keep your credit score high. A lower credit score is associated with people who get in accidents more often.
- Remember, as well, that you can select different levels of coverage from the main types of car insurance policies, and although the cheapest may seem great in terms of how much you pay for a policy term, it could potentially cost you a lot more in the long run if you have an accident.
The model and trim level will affect your rates, BMW 520d insurance cost may be more or less than other models, for example.
The cost of the vehicle itself makes a difference as well. How much is a BMW 5 series? The base price is $53,900. It’s possible to get a cheap BMW 5 series if you look at older models. How much is a BMW 550i? It can run a bit higher. 2019 BMW 525i cost can be a little lower, according to Kelley Blue Book.
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What are the Safety Features Available on a BMW 5 Series Car?
- Tire Pressure Monitor
- Electronic Stability Control
- 4 Wheel Anti-Lock Brakes
- Traction Control
- Child Seat Anchors
- Seat Belt Tensioners
- Dynamic Head Restraints
- Automatic Crash Notifying Systems
- Airbags (front, side, head)
- Rear Seat Head Restraints
In general, the more safety features that a vehicle has, the more the owner will be able to lower their insurance rates.
While the cost of insuring a BMW 5 Series car will already be higher than what the average person pays, these safety features should offer substantial discounts.
Remember that every insurance provider weighs these features differently when they calculate your rate, so you’ll want to shop around comparing prices from various companies.
When it comes to the BMW 5 series, the cost to own is affected by some of these factors, but also by the fact that it’s a high-end luxury car. BMW 5 series running costs are known to be expensive due to the fact that it’s an import.
Government Crash Test Rating Effects on BMW 5 Series Car Insurance Rates
Another generalization is that the safer a vehicle is for its occupants, the lower the cost to insure should be as well.
In government crash tests the car scored a 3 stars out of 5 for drivers in frontal crashes, with the passenger rating a perfect 5 stars in frontal impacts.
For side-impact, the vehicle received a perfect score for all passengers. In rollovers, the vehicle scored 4 stars making it remarkably safe in a rollover accident. Crash ratings can differ based on the model, so BMW 528i crash tests may differ from the 550i.
Overall the rating for the driver will undoubtedly cause the insurance rate to be higher than that for a vehicle with a better rating.
Being diligent and looking around, comparing multiple quotes, making sure you get the right discounts, and being a safe driver will help ensure you get a great rate.
Enter your ZIP code below to start comparing FREE car insurance rates online now!
Frequently Asked Questions
How can I compare car insurance options for my BMW 5 Series?
To compare car insurance options for your BMW 5 Series, you can follow these steps:
- Assess your coverage needs: Determine the types and levels of coverage you require based on factors like the age of your car, your driving habits, and your budget.
- Obtain multiple quotes: Collect quotes from different insurance providers that offer coverage for BMW vehicles. You can reach out to insurance agents directly or use online comparison tools.
- Compare coverage and premiums: Evaluate the coverage options and premiums offered by each insurer for your BMW 5 Series. Consider factors such as deductibles, liability limits, comprehensive and collision coverage, and any additional features or benefits.
- Consider additional factors: Take into account customer reviews, the financial stability of the insurance company, available discounts, and the quality of customer service.
- Make an informed decision: Choose the car insurance policy that best suits your needs and budget for your BMW 5 Series.
What factors should I consider when comparing car insurance for a BMW 5 Series?
When comparing car insurance for your BMW 5 Series, consider the following factors:
- Coverage options: Evaluate the types of coverage available, such as liability, collision, comprehensive, uninsured/underinsured motorist coverage, and personal injury protection.
- Premiums: Compare the premiums quoted by different insurers for similar coverage. Be sure to consider any discounts or incentives that may apply.
- Deductibles: Consider the deductible amounts and how they impact your premiums. Higher deductibles typically result in lower premiums but require more out-of-pocket expenses in the event of a claim.
- Discounts: Inquire about available discounts specifically for BMW owners, such as vehicle safety features discounts or loyalty discounts.
- Customer reviews and reputation: Read reviews and ratings from other BMW owners to gauge the customer service and claims handling of the insurance companies.
- Financial stability: Check the financial ratings of insurance companies from reputable sources to ensure they are financially stable and capable of fulfilling claims.
Are BMW 5 Series cars more expensive to insure compared to other vehicles?
The cost of insurance for a BMW 5 Series can be higher compared to some other vehicles due to factors such as the vehicle’s value, repair costs, and perceived risk associated with luxury cars. Insurance premiums are influenced by factors like the model year, trim level, engine size, and the driver’s personal circumstances.
Can I get discounts on car insurance for my BMW 5 Series?
Yes, many car insurance providers offer various discounts that can help lower your premiums for a BMW 5 Series. Some common discounts include:
- Safety features discount: BMW vehicles, including the 5 Series, typically come equipped with advanced safety features that may qualify for discounts.
- Anti-theft discount: If your BMW has anti-theft devices installed, you may be eligible for a discount.
- Good driver discount: Maintaining a clean driving record can make you eligible for a discount.
- Multi-policy discount: Bundling your car insurance with other policies, such as home or renters insurance, with the same provider can often lead to discounted rates.
Should I choose OEM parts coverage for my BMW 5 Series?
Whether to choose OEM (Original Equipment Manufacturer) parts coverage for your BMW 5 Series depends on your preferences and budget. OEM parts are made by the vehicle manufacturer and are specifically designed for your BMW, ensuring optimal fit and performance. However, OEM parts coverage may result in higher premiums compared to aftermarket parts coverage.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.