The average annual insurance cost of a BMW 5 Series is $3,700, while minimum liability coverage costs $2,000. The fact is that BMW 5 Series insurance costs are slightly higher than those of most competitors.
Additionally, the insurance price varies based on age, driving experience, driving history, and more. So, it is always best to maintain a good track record to get cheaper BMW 5 Series auto insurance. Always compare insurance providers to find the policy that suits you best.
Yes, BMW 5 Series car insurance is expensive compared to other car models. Sometimes, it costs more than the national average car insurance cost, which shows how expensive it is. However, since it is a luxury car, it requires higher maintenance costs. That's why it falls into the higher insurance category.
Several factors impact the cost of BMW 5 Series auto insurance cost. The given is some of the factors that can significantly impact the premium rates you'll pay for coverage.
Age is a crucial factor that affects BMW 5 Series insurance costs. For a 17-year-old driver, the cost is around $12,459, but the amount decreases as the driver ages. The lowest auto insurance premium is for a 55-year-old driver, which is only $3,283. With many BMW 5 Series car insurance providers available, comparing policies can help you get the most affordable rate.
| Age | Premium Amount |
|---|---|
| 17 | $12,459 |
| 18 | $11,611 |
| 19 | $10,261 |
| 20 | $8,947 |
| 21 | $7,503 |
| 22 | $7,307 |
| 23 | $6,394 |
| 24 | $6,074 |
| 25 | $5,242 |
| 30 | $4,084 |
| 35 | $3,825 |
| 40 | $3,678 |
| 45 | $3,579 |
| 55 | $3,283 |
| 65 | $3,424 |
| 75 | $4,322 |
21st Century offers the lowest BMW 5 Series car insurance premium at $2,898, while Mercury provides the lowest 2024 model insurance at $4,171. The most expensive 2024 BMW 5 Series insurance is from Grange at $6,699.
| Insurance Company | 12-Month Premium |
|---|---|
| 21st Century | $2,898.00 / year |
| Mercury | $4,171.00 / year |
| California Capital | $4,425.00 / year |
| Erie | $5,204.00 / year |
| USAA | $5,764.00 / year |
| Farmers | $5,932.00 / year |
| Unitrin | $6,000.00 / year |
| Travelers | $6,258.00 / year |
| New York Central Mutual Fire | $6,555.00 / year |
| Grange | $6,699.00 / year |
Like the 2024 model BMW 5 Series, 21st Century provides the cheapest car insurance for the 2023 model year, with a monthly premium of $2,898.
| Insurance Company | 12-Month Premium |
|---|---|
| 21st Century | $2,898.00 / year |
| Mercury | $4,171.00 / year |
| California Capital | $4,425.00 / year |
| Erie | $5,204.00 / year |
| USAA | $5,764.00 / year |
| Farmers | $5,932.00 / year |
| Unitrin | $6,000.00 / year |
| Travelers | $6,258.00 / year |
| New York Central Mutual Fire | $6,555.00 / year |
| Grange | $6,699.00 / year |
For the 2022 BMW 5 Series, Safeco offers the lowest insurance premium at just $278 per year. Meanwhile, Mercury Insurance Company provides the most expensive coverage at $3,099 annually. The average insurance cost for this model is around $2,360.47 per year.
| Insurance Company | 12-Month Premium |
|---|---|
| Safeco | $278.00 / year |
| New Jersey Manufacturers | $1,488.00 / year |
| Penn National | $1,731.00 / year |
| Mercury Insurance | $2,108.00 / year |
| National General | $2,146.00 / year |
| 21st Century | $2,530.00 / year |
| National General Value | $2,731.00 / year |
| Clearcover | $2,955.00 / year |
| Mercury Insurance Company | $3,099.00 / year |
Direct Auto's 2021 BMW 5 Series car insurance cost is the most affordable at $1,280 per year. Meanwhile, Farmers have the highest rate at $3,446 per year. On average, insuring this model will cost around $3,075 annually.
| Insurance Company | 12-Month Premium |
|---|---|
| Direct Auto | $1,280.00 / year |
| Kemper Auto | Infinity | $2,185.00 / year |
| California Capital | $2,709.00 / year |
| Mercury | $2,744.00 / year |
| Allied | $2,766.00 / year |
| Clearcover | $2,974.00 / year |
| National General Value | $3,069.00 / year |
| CSAA | $3,108.00 / year |
| 21st Century | $3,182.00 / year |
| Farmers | $3,446.00 / year |
The 2020 BMW 5 Series has a wide range of insurance costs, with NatGen Custom 360 offering the lowest rate at just $414 per year. On the higher end, Quincy Mutual charges the most at $2,523 annually.
| Insurance Company | 12-Month Premium |
|---|---|
| NatGen Custom 360 | $414.00 / year |
| NatGen PPA | $1,339.00 / year |
| Dairyland Broadform | $1,629.00 / year |
| Clearcover | $1,641.00 / year |
| Norfolk and Dedham Group | $1,722.00 / year |
| Dairyland FR Bond | $1,728.00 / year |
| Direct Auto | $1,827.00 / year |
| Safety Group | $1,839.00 / year |
| Plymouth Rock Assurance | $2,046.00 / year |
| Quincy Mutual | $2,523.00 / year |
Michigan has the most expensive car insurance rates, reaching $7,366 per year. Louisiana ($6,220) and Rhode Island ($5,479) also have high premiums due to accident rates and state insurance laws.
Conversely, Hawaii has the lowest insurance cost at $1,703 per year. Maine ($2,352) and North Carolina ($2,197) also offer cheaper BMW 5 Series auto insurance rates.
| State | Annual Premium |
|---|---|
| Alabama | $3,897 |
| Alaska | $3,224 |
| Arizona | $3,644 |
| Arkansas | $3,996 |
| California | $4,449 |
| Colorado | $4,151 |
| Connecticut | $5,304 |
| Delaware | $4,391 |
| Florida | $5,228 |
| Georgia | $4,262 |
| Hawaii | $1,703 |
| Idaho | $2,958 |
| Illinois | $3,096 |
| Indiana | $3,181 |
| Iowa | $2,520 |
| Kansas | $3,352 |
| Kentucky | $4,846 |
| Louisiana | $6,220 |
| Maine | $2,352 |
| Maryland | $3,806 |
| Massachusetts | $3,052 |
| Michigan | $7,366 |
| Minnesota | $3,032 |
| Mississippi | $3,660 |
| Missouri | $3,449 |
| Montana | $3,507 |
| Nebraska | $2,964 |
| Nevada | $4,889 |
| New Hampshire | $3,401 |
| New Jersey | $3,747 |
| New Mexico | $3,827 |
| New York | $3,545 |
| North Carolina | $2,197 |
| North Dakota | $3,007 |
| Ohio | $2,681 |
| Oklahoma | $4,281 |
| Oregon | $3,896 |
| Pennsylvania | $3,282 |
| Rhode Island | $5,479 |
| South Carolina | $3,721 |
| South Dakota | $3,338 |
| Tennessee | $3,926 |
| Texas | $3,954 |
| Utah | $3,363 |
| Vermont | $2,589 |
| Virginia | $2,439 |
| Washington | $3,229 |
| West Virginia | $3,249 |
The BMW 5 Series is equipped with advanced safety features that enhance protection and may help lower insurance costs.
Some of its key safety features include:
Safety ratings play a major role in determining the BMW 5 Series auto insurance cost, and the ratings for this model are quite high. So, even if you are planning to buy a luxury sedan, this is the best pick.
| Model Year | Organization | Overall Rating | Frontal Impact | Side Impact |
|---|---|---|---|---|
| 2024-2025 | IIHS | Top Safety Pick | Good | Good |
| 2023 | IIHS | Good | Good | Good |
| 2017 | Euro NCAP | 5 Stars | Good | Good |
Getting insurance for your BMW 5 Series is simple. Just download the Way App or visit the Way.com website to receive free quotes in minutes! Our platform compares rates from over 150 insurance providers, helping you find the best policy for your BMW 5 Series—all in under 60 seconds!
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
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