Compare the Cost of BMW 5 Series Insurance by Model Year and Company

Car insurance rates for a BMW 5 Series vary based on the driver's age and the vehicle's model year. For a full coverage policy, a 16-year-old driver would pay $9,760 for a 2022 model and $6,803 for a 2009 model. The cost for a 40-year-old driver would be $2,141 for a 2022 model and only $1,477 for a 2009 model.

We also ranked the best insurers for balancing affordability with service and claims experience.

BMW 5 Series insurance costs an average annual $1,874 for full coverage, but the provider you choose can have a significant impact on your premiums. For full coverage, State Farm is the cheapest option at $1,423 per year, while Farmers is the most expensive at $2,336 per year.

For minimum coverage, the cheapest provider is GEICO at $492 per year, while the most expensive is Farmers at $804 per year. Prices can vary depending on things like driver age, location and driving history, so it's always wise to compare rates from multiple providers to find the best rate.

Insurers take many factors into account when determining car insurance costs for a BMW 5 Series. This model series is expensive to insure because of the theft rate and horsepower. According to recent data from the National Highway Traffic Safety Administration (NHTSA), this car model is often stolen at an above-average rate. Cars prone to theft are significantly riskier to insure, so insurance companies charge more for premiums.

High-value cars like the BMW 5 Series have a higher manufacturer’s suggested retail price (MSRP), resulting in higher repair costs. The BMW 5 Series has an MSRP of $55,195.

When shopping for BMW 5 Series insurance, the cost is not the only important factor to consider. The best car insurance companies also provide excellent customer service and claims experience. The best insurers for a BMW 5 Series and full coverage include:

• State Farm: MoneyGeek score of 90 out of 100 ($1,423 per year)
• GEICO: MoneyGeek score of 89 out of 100 ($1,496 per year)

State Farm scored well in terms of affordability and customer satisfaction.

Insuring a BMW 5 Series from the newest model year (2022) will cost you around $2,141 per year for full coverage, while a 2009 model costs $1,477 annually. Newer model years are generally pricier to insure due to higher values and repair costs.

Car insurance rates for BMW 5 Series vary by model year and insurance provider. State Farm offers the cheapest average car insurance for full coverage for both the oldest model year, 2009, at $1,087 per year, and the newest model year, 2022, at $1,663 per year.

Car insurance rates for BMW 5 Series vary greatly based on the driver’s age. Full coverage for a BMW 5 Series for a 16-year-old averages $8,197 per year, while a 40-year-old driver pays an average of $1,802 annually. As drivers age into their 20s, their rates tend to level off.

When it comes to car insurance for teens, it’s cheaper to be on a family plan than getting an individual policy. Underage drivers may also need a guardian’s permission to get insurance.

For a 16-year-old getting their own policy, State Farm is the cheapest insurer for a full coverage policy on a 2022 model with an annual premium of $5,429. In contrast, Farmers is the most expensive at $13,201 per year.

It's important for teens and their families to shop around to find the cheapest car insurance rates.

The cost of car insurance for a BMW 5 Series depends on several factors, including model type, year, driver age and location. Location can be even more significant, and the cheapest insurance company for a sample car varies across states. The cheapest state for insurance is Idaho, while Florida is the most expensive.

When shopping for car insurance for a BMW 5 Series, it's best to get quotes from the cheapest insurers in your state.

Individuals shopping for car insurance for the BMW 5 Series may have questions regarding the cost and quality of the coverage. Here are the most commonly asked questions.