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

MoneyGeek found that the average cost of insurance for a BMW 5 Series is $1,502 per year. BMW 5 Series insurance rates are more expensive than the average premiums across all makes and models. These rates can vary depending on your choice of insurer and your car’s model year, so it is important that you shop around for the best deals.

Compare Auto Insurance Rates

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 10/26/2022
Written By     |  

It is beneficial to shop around and compare quotes when you’re looking for car insurance for your BMW 5 Series to ensure you get the lowest rates. Depending on your model year and your driver profile, different insurers can have varying rates.

Key Takeaways for Bmw 5 Series Insurance

car2

The average cost of car insurance for a BMW 5 Series is $1,502 per year, which is $75 more than the national average.

find

BMW 5 Series insurance costs can vary by as much as $731 yearly depending on the insurer.

coins

The cost of insuring a BMW 5 Series can vary by as much as $718 per year depending on the age of your car, with older cars having cheaper insurance rates.

How Much It Costs to Insure a BMW 5 Series and the Cheapest Company

The company you use to insure your BMW 5 Series can impact your insurance rates.

The average cost of insurance for a BMW 5 Series is $1,502 a year. The cheapest insurance rates on average are provided by USAA at $1,187 annually. Allstate, the most expensive, costs roughly $1,918 yearly. You can save as much as $731 by comparing rates.

However, USAA is only available to military families. Progressive is the cheapest widely available insurer and costs roughly $1,362 annually.

The Average Annual Cost of BMW 5 Series Insurance by Company

MoneyGeek used a sample driver profile to obtain car insurance quotes for a BMW 5 Series. The driver used in this scenario has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a BMW 5 Series by Company

Scroll for more

swipe icon
Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

Is a BMW 5 Series Expensive to Insure?

Auto insurers use various factors to determine the cost of car insurance for any given model. Newer cars, models more likely to be stolen and expensive models are often given higher insurance rates.

BMW 5 Series cars tend to be expensive to insure. According to the National Highway Traffic Safety Administration, these cars have above-average theft rates and are moderately valuable. These factors make the model riskier for insurers to cover, which leads to higher insurance costs.

The Best Car Insurance Company for a BMW 5 Series

Cost should not be your only consideration when purchasing BMW 5 Series insurance. You also need to look at other details, including customer satisfaction, customer complaints, affordability and financial stability. MoneyGeek scored insurers based on these factors.

  • USAA is the best car insurer for a BMW 5 Series. However, it is only available to military members and their families.
  • Progressive is the second best company for BMW 5 Series insurance.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
Progressive
Score:84

4.5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

3
Nationwide
Score:82

4.2/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
GEICO
Score:82

4.3/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
State Farm
Score:82

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

6
Allied
Score:NaN

3.6/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

7
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a BMW 5 Series by Model Year

Older BMW 5 Series models tend to be cheaper to insure. This is because as a car’s value depreciates, collision and comprehensive insurance becomes less expensive.

For a 2005 BMW 5 Series, the average yearly cost is $1,156. A 2020 BMW 5 series car costs an average of $1,874 yearly. That is an annual difference of $718.

The average BMW 5 series insurance rates by year are:

  • 2005 BMW 5 Series: $1,156 per year
  • 2010 BMW 5 Series: $1,299 per year
  • 2016 BMW 5 Series: $1,678 per year
  • 2017 BMW 5 Series: $1,754 per year
  • 2018 BMW 5 Series: $1,851 per year
  • 2019 BMW 5 Series: $1,858 per year
  • 2020 BMW 5 Series: $1,874 per year

Different insurers may offer cheaper options depending on the BMW 5 Series year. For a 2020 BMW 5 series, USAA offers the cheapest rates at $1,429 per year on average.

Scroll to your model year to compare various average rates for your BMW 5 Series.

The Average Cost to Insure a BMW 5 Series by Model Year

Scroll for more

swipe icon
  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,429
    $1,419
    $1,414
    $1,353
    $1,306
    $1,062
    $952
  • 2.
    $1,545
    $1,536
    $1,532
    $1,479
    $1,438
    $1,375
    $1,090
  • 3.
    $1,927
    $1,899
    $1,885
    $1,715
    $1,583
    $1,178
    $1,065
  • 4.
    $1,530
    $1,549
    $1,558
    $1,673
    $1,763
    $1,389
    $1,203
  • 5.
    $1,894
    $1,876
    $1,867
    $1,757
    $1,672
    $1,258
    $1,185

How Expensive Is It to Insure a BMW 5 Series Compared to Other Cars?

The average cost of insurance for a BMW 5 Series is $1,502 annually. This is $75 higher than the average across all models. Compared to the average car make and model, it is more expensive to insure a BMW 5 Series.

How Much It Costs to Insure a BMW 5 Series for 16- to 25-Year-Olds

Given their inexperience, younger drivers can pay significantly higher rates for car insurance.

On average, an 18-year-old will pay $4,902 per year to insure a BMW 5 Series car. On the other hand, a 40-year-old will pay an average of $3,400 less per year for the same car.

To save money, teens and their parents can opt to stay on the same policy. This is because it can be very expensive for a teen driver to buy their own policy.

Find car insurance rates for young drivers ages 16 to 25 in the table below.

The Average Cost to Insure a BMW 5 Series by Driver Age

Scroll for more

swipe icon
  • Age
    Average Annual Rates
  • 16
    $6,284
  • 17
    $5,567
  • 18
    $4,902
  • 19
    $3,511
  • 20
    $3,134
  • 21
    $2,481
  • 22
    $2,285
  • 23
    $2,091
  • 24
    $1,962
  • 25
    $1,781
  • 40
    $1,502

How Does Location Affect the Cost of BMW 5 Series Insurance?

The costs estimated in this article are based on a national average. Where you live can significantly impact the cost of your car insurance. You can find more information on car insurance rates in individual states using our state page analysis.

FAQs About BMW 5 Series Insurance

Car insurance rates depend on the make and model of the car you want to insure as well as other factors like location and driver profile. Here are answers to some common questions about BMW 5 Series insurance costs.

Read More About Car Insurance

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.