BMW 5 series Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A BMW 5 series is more expensive to insure than the average car.
• Full coverage auto insurance for a 5 series runs around $209 per month, on average, while liability only insurance normally tends to be about $91 monthly.
• The cheapest car insurance company for a 5 series is Commonwealth Casualty, who offers liability only coverage for as cheap as just $21 per month, on average.

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5 series Overview

With base prices starting at $54,200 for new 2022 models, the BMW 5 series is a high-end vehicle that is more expensive than your average car. There are five different trim levels currently available, so you'll be sure to find an option to fit your style.

We analyzed thousands of insurance quotes on Compare.com, and we've found that BMW 5 series car insurance premiums are around $189 monthly, on average. How do insurance prices for the 5 series stack up against other similar cars?

How Much is Car Insurance for a BMW 5 series?

In the table above, you'll see that BMW 5 series insurance rates are more expensive than average. On average, 5 series owners will pay about $91 a month for liability insurance, and around $209 per month for full coverage, which has comprehensive and collision coverages in addition to liability (check out our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).

When compared to other BMW models, the 5 series is slightly more expensive, with premiums more than 5% higher than the rest of the automaker's vehicle lineup. Compared to offerings from other brands, auto insurance for a 5 series is similarly on the expensive side, with full coverage insurance prices coming in about $32 more and $8 more for liability only insurance.

Overall, they're just more expensive to insure than the average vehicle, no matter which make, model, or body style you compare it to.

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Who has the Cheapest Car Insurance for a BMW 5 series?

If you're searching for a new car insurance policy for your BMW 5 series, you might be most interested in which carrier offers the lowest rates. While costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $21 per month from Commonwealth Casualty. The next most affordable company is Clearcover, who offers car insurance sometimes as little as $28 monthly.

Shelter Mutual, TwentyFirstCentury, and MetroMile round out the end of the top 5 list. However, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

Car insurance carriers use multiple different factors and complex formulas to calculate rates. By pulling quotes from a range of insurance companies at once, you can guarantee you're finding the lowest rate.

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What Factors Affect Car Insurance Rates for a BMW 5 series?

As we mentioned above, there are many things that auto insurance carriers use to determine how much they charge you for a policy -- and each carrier weighs different variables more heavily than others, so there's not one single company that's the cheapest for everyone.

The sections below show a whole bunch of variables insurance companies use to calculate rates:

Vehicle Age

BMW has been making the 5 series for quite some time, so the car's age may play a big role in how much you'll pay for auto insurance. Usually, older cars will be cheaper to insure because they're worth less than newer models, and as time goes on and 5 serieses begin to depreciate, insurance costs will gradually go lower.

From the table above, you can see the BMW 5 series is not quite in line with this trend, as the cheapest models to insure are those that are 2 to 3 years old, while on average, the most expensive 5 serieses are 6 to 7 and 8 to 10 years old.

Your Age

How old you are plays a role in how much car insurance carriers will charge for a policy. As you can see in the table above, younger drivers pay more for auto insurance than those who have more experience on the road. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Insurance prices continue to get lower as you get older, with the cheapest age group for 5 series drivers being 65 years and older.

Your Gender

Men generally pay more for car insurance than women. This is because women are less likely to get into collisions and get speeding tickets, which decreases the chances of an insurance claim. The BMW 5 series is no different, and men pay around $98 a month for insurance, while women pay about $75.

Where You Live

You might think it's common sense that things such as what vehicle you drive and how old you are play a role in your auto insurance rates, but did you know that where you live can have just as much as an impact? Since insurance is regulated on the state level rather than nationally, premiums vary quite a bit depending on where you live.

For example, the average BMW 5 series driver in New York pays around $231 monthly for liability coverage, while the same owner in California will pay only a quarter of that price, on average. The chart shows average prices for the top 10 most populous states, just to give you a good idea of how much rates can change from state to state.

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BMW 5 series Car Insurance Discounts

Regardless of your age, your car, or your home state, using as many discounts as possible when it comes to your car insurance policy is always important.

While no two insurance companies offer the same exact discounts, there are a few different ones that you'll find with most carriers. These include things like:

• Multi-policy discounts for getting both your home and auto policies from the same insurance carrier
• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)
• Pay-in-full discounts for drivers who agree to pay their entire policy rate at once, rather than by monthly payments
• Multi-vehicle discounts for adding more than one car to your auto policy

However, discounts aren't the only way to save. Sometimes, the best rates come from simply having a favorable insurance profile, which means having a clean driving record or not having any recent insurance claims.

Although you may not be able to control every factor car insurance companies look at to calculate premiums (like some of the ones mentioned above), there are quite a few that you do have control over. Below are just a few of the variables you can use in your favor when it comes to saving cash:

Your Driving Record

You've almost certainly seen ads from auto insurance carriers offering big savings for safe drivers. It makes sense that if you get tickets or get into an accident, car insurance rates will increase. But exactly how much can it cost you for these infractions?

As you can see, accidents will usually cost 5 series drivers less than tickets, but both will cause a significant increase in rates. BMW 5 series drivers with a single ticket will pay about $109 a month, while drivers with one accident on their record pay an average of $107 a month (up $16 from the $91/mo. overall average). Those who have multiple violations of either kind will end up paying even more.

How Much You Drive

The total distance you drive each year affects your insurance prices. Those who are on the roads less often are more likely to go accident-free, so they'll usually end up spending less on auto insurance. Above, you can see that BMW 5 series owners who drive fewer than 2,500 miles every year pay about $80 per month for car insurance, while those who put 10,000 miles or more on their cars pay $85.

But if you're one of those drivers who don't put very many miles on your BMW 5 series each year, it may be worth getting usage-based or pay-per-mile insurance. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

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How Do BMW 5 serieses Compare to Other Vehicles?

If you're thinking about making a BMW 5 series your next car, you're probably wondering how it compares to other vehicles. Auto insurance is just one cost that comes with buying a new car, but it's certainly one that's worth considering.

Take a look at the table below to see how the BMW 5 series compares:

Overall, the BMW 5 series has an average MSRP and is on par with the going rate for a new vehicle. The 5 series retails at $54,200, close to the national average vehicle MSRP of $46,192.

Although the purchase price is right in the middle of the spectrum, auto insurance rates run below average when compared to the rest of the vehicle market. Liability insurance for a BMW 5 series is about $51 per month less than average, while full coverage is over $50 cheaper a month.

When it comes to usage, BMW 5 series owners drive about the same amount annually as the national average, with 11,059 miles each year compared to 11,617 for all vehicles.

BMW 5 series Car Insurance Costs by Model Year

So far, you've seen how different factors affect a driver's car insurance prices. If you're considering purchasing a new 5 series, having a good idea of how much you'll likely pay is extremely valuable as you weigh your choices.

Choose Your Model

2022 BMW 5 series Car Insurance 2021 BMW 5 series Car Insurance 2020 BMW 5 series Car Insurance 2019 BMW 5 series Car Insurance 2018 BMW 5 series Car Insurance 2017 BMW 5 series Car Insurance 2016 BMW 5 series Car Insurance 2015 BMW 5 series Car Insurance 2014 BMW 5 series Car Insurance 2013 BMW 5 series Car Insurance 2012 BMW 5 series Car Insurance 2011 BMW 5 series Car Insurance 2010 BMW 5 series Car Insurance

2022 BMW 5 series Car Insurance

If you're in the market for a brand new BMW 5 series, there are plenty of options to choose from. With a base price of $54,200, the 2022 5 series is offered in five different trim levels, which means you'll have your pick of the best styles.

When it comes to auto insurance, the average 2022 BMW 5 series typically costs around $30 per month to insure for liability only and $105 monthly for full coverage. And if you want the lowest insurance possible, Mercury offers liability only policies for as low as $30 a month.

Even though it helps to know the average price drivers pay to insure a 2022 5 series, there's no way to know exactly how much you'll pay without getting a personalized quote. With Compare.com, you can get several quotes at once, all for free. To get started, just enter your ZIP code below.

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2021 BMW 5 series Car Insurance

If you're in the market for a 2021 5 series or already own one, you're most likely looking at an average car insurance premium of about $72 for liability or $283 for full coverage.

And if you're just looking for the cheapest insurance for your 5 series, Mercury offers liability only policies for as low as just $31 monthly.

If you want to find the best rates for auto insurance for a 2021 BMW 5 series, enter your ZIP code below and compare a lot of personalized quotes in just a few minutes.

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2020 BMW 5 series Car Insurance

The average cost to insure a 2020 BMW 5 series with liability only coverage is $102 per month, while full coverage runs around $232 monthly.

Looking for the most affordable policy? Commonwealth Casualty offered liability only coverage for sometimes as low as $21 per month.

Want to know just how much you'll pay? Get multiple free personalized quotes by just entering your ZIP code below.

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2019 BMW 5 series Car Insurance

You can expect full coverage for a 2019 5 series to run about $186 a month, while liability only coverage will average around $71 per month.

With premiums as cheap as $24 monthly, Mercury offered the lowest policy we found.

If you want to know exactly how much you can expect to pay for your 5 series, just enter your ZIP code below and get several free quotes in minutes.

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2018 BMW 5 series Car Insurance

2018 BMW 5 series drivers can expect to pay an average of $73 a month for liability or $207 for full coverage.

Clearcover has prices sometimes as cheap as $18 per month for the 2018 BMW 5 series.

Want to find the cheapest rates? Just enter your ZIP code below to get lots of free personalized quotes.

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2017 BMW 5 series Car Insurance

It costs about $87 monthly for liability or $221 for a full coverage policy for the 2017 5 series.

If you're looking for the lowest possible 2017 BMW 5 series insurance policy, DirectGeneral offered the most affordable policy we found, with rates as little as just $20 a month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2016 BMW 5 series Car Insurance

On average, drivers who own a 2016 BMW 5 series can expect to pay $101 to $209 per month for liability only and full coverage car insurance, respectively.

With premiums as little as $19 monthly, Commonwealth Casualty offered the lowest policy we found for the 2016 BMW 5 series.

If you want to know just how much your price will be, just enter your ZIP code below and get several free quotes in minutes.

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2015 BMW 5 series Car Insurance

The average cost to insure a 2015 5 series with liability only coverage is $94 a month, while full coverage runs around $226 per month.

Mercury offered the cheapest policy we found, with rates as cheap as $20 monthly.

Want something more accurate than nationwide averages? Get a variety of personalized quotes for free by just entering your ZIP code below.

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2014 BMW 5 series Car Insurance

On average, drivers who own a 2014 BMW 5 series can expect to pay $126 to $236 a month for liability only and full coverage auto insurance, respectively.

We found Commonwealth Casualty offered the lowest policy, with rates as low as $19 per month.

If you want to know exactly how much you can expect to pay for your 5 series, get free quotes in minutes by just entering your ZIP code below.

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2013 BMW 5 series Car Insurance

2013 5 series drivers can expect to pay an average of $99 a month for liability or $207 for full coverage.

If you're looking for the cheapest possible 2013 BMW 5 series insurance policy, Safeco offered the most affordable policy we found, with rates as little as just $18 monthly.

While these are good estimates of what the average driver might pay to insure a 2013 BMW 5 series, these prices might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2012 BMW 5 series Car Insurance

It costs about $97 a month for liability or $210 for a full coverage policy for the 2012 BMW 5 series.

MetLife offered the lowest policy we found, with rates as low as just $19 monthly.

Interested in what your insurance rate could look like? Enter your ZIP code below to get several personalized quotes for free.

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2011 BMW 5 series Car Insurance

You can expect full coverage for a 2011 5 series to run around $225 per month, while liability only coverage will average about $102 a month.

With rates as cheap as just $20 per month, MetLife offered the most affordable policy we found.

If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.

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2010 BMW 5 series Car Insurance

It costs around $120 monthly for liability or $231 for a full coverage policy for the 2010 BMW 5 series.

Looking for the cheapest policy? Clearcover offered liability only coverage for sometimes as little as $21 per month.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2010 BMW 5 series, you can get free quotes in minutes by just entering your ZIP code below.

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BMW 5 series Insurance FAQs

Is a BMW 5 series expensive to insure?

The BMW 5 series is more expensive to insure compared to the average car. Liability insurance runs an average of $91 monthly, while full coverage will cost you around $209.

How can I get the best price on car insurance for my BMW 5 series?

There's only one way to ensure you're getting the lowest rates -- regularly shopping around and comparing quotes from numerous companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a multitude of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my BMW 5 series affect my insurance prices?

Have you heard the old adage that red cars cost more to insure than cars of other colors before? Well, that's actually a myth. Although there are many things insurance companies think about when they calculate your rates, your 5 series's color is not on that list.

Do I need to have insurance before I buy a BMW 5 series?

Before you can legally drive your new (or new to you) vehicle off the dealership lot, you'll need to have a valid car insurance policy. Some dealerships will offer you an auto insurance policy as part of the buying process, but the best thing to do when buying a a new car is to talk with your auto insurance company beforehand.

What car insurance discounts can I get for my BMW 5 series?

You will find lots of different discounts out there for car insurance. Many of them (like "pay-in-full discounts" and "safe driver discounts") are more based on you than the car you drive, but if your 5 series has safety features like anti-lock brakes, airbags, anti-theft systems, and other features, it may qualify for certain discounts. The only way to know is to reach out to your insurance carrier and ask about their list of discounts, since they differ quite a bit from carrier to carrier.