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BMW 5 Series insurance rates

Average BMW 5 Series insurance rates

Blue BMW 5 Series sedan

The BMW 5 Series is a luxury sedan with an average auto insurance cost of $305 a month, or $3,660 a year, over $2,500 above the national average. With a base price of $63,500, the annual insurance cost–to–base car price ratio is 5.76%.

Introduced in 1972, the BMW 5 Series is a four-door executive car that is available with a number of drive train options. Its design offers a blend of luxury and performance with state-of-the-art technology and elegant styling. Considering BMW’s track record with great safety ratings, insurance for the 5 Series shouldn’t be too expensive. However, that may change if you opt for more power or other options that could affect performance.

Compare free car insurance quotes online for your BMW 5 Series

Name Product Roadside assistance Third-Party Liability Collision Coverage Comprehensive Coverage Discounts Available Available Provinces
Sonnet Auto Insurance
Up to 25%
Alberta, New Brunswick, Nova Scotia, Ontario, PEI, Quebec
Get auto insurance with Sonnet in just five minutes. Save up to 25% on your auto insurance through discounts and bundling options.

Who it might be good for: Drivers looking to apply and manage their car insurance completely online.
Intact Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Get car insurance with Intact and enjoy a quick turnaround on any lodged claims. Get a free quote through Surex.

Who it might be good for: Drivers looking to get rewarded for good driving behaviour.
Aviva Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex.

Who it might be good for: Drivers looking to customize their auto policy.
Travelers Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex.

Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.
Surex Auto Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
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How to compare insurance for the BMW 5 Series

Shopping for auto insurance can be overwhelming. Many insurers use similar terminology, even though policies and coverage can vary drastically depending on your choice of provider. However, coverage is mandatory in every province or territory, meaning you won’t be able to avoid it. That being said, finding the right policy is much easier when you know what to look for. Here are a few characteristics to consider when shopping around.

  • Price. It’s important to use the same information when getting quotes from providers. This will help you compare similar options to find out which provider has the best price.
  • Deductible. Your deductible amount can influence the cost of your monthly premiums. Policies with higher deductibles usually have lower premiums, whereas those with lower deductibles will cost more.
  • Minimum coverage. Every province and territory has minimum, mandatory coverage requirements. Before purchasing a policy, ensure the requirements where you live are met.
  • Additional coverage. Additional coverage can help protect against things that are not included in your standard policy. Be sure to include any additional coverage options when getting quotes to get a more accurate estimate.
  • Extras. Extras like accident forgiveness and vanishing deductibles may be available through your provider. Find out what your policy includes and what features you’ll need to pay extra for.
  • Restrictions. Policy restrictions can limit coverage and lead to denied claims if you’re not aware of them. Ask your provider if any apply to you or your vehicle.
  • Manufacturer offer or loyalty discount. Ask your dealership if you’re eligible for any manufacturer offers or loyalty discounts with certain providers.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for BMW 5 Series?

Auto insurance is never one-size-fits-all. Your chances of getting in an accident and the cost of repairs can vary depending on a number of driver, location and vehicle-specific factors. Since performance, crash test results, theft rates and other factors can all vary between makes and models, your choice of vehicle has a direct impact on the price you pay for auto insurance. Here are a few of the 5 Series’ characteristics and how they might affect your cost of insurance.

  • Body type. The 5 Series is a four-door sedan that’s designed for families, commuting and other low-risk daily driving. This could lead to lower premiums.
  • Type of car. BMW makes luxury vehicles and the 5 Series is no exception. Luxury vehicles generally cost more to insure.
  • Theft. Unfortunately, sedans are the most frequently stolen type of vehicle. This could lead to higher auto insurance rates.
  • Repairs. While BMW has manufacturing facilities in both the US and Mexico, parts and service can still be expensive. The high cost of repairs could make for more expensive insurance.
  • Safety ratings. The 5 Series has great safety ratings and it even won the 2019 IIHS top safety pick+. This could help reduce the cost of insurance.

How do trim packages and extra build options affect insurance cost?

Insurance premiums are largely based on your chances of getting into an accident and the cost to pay claims. Your driving history, location and vehicle can directly affect this risk, which is why it’s important to get quotes that represent your actual situation. While your choice of make and model can affect the cost of insurance, some trim and packages might also make an impact. Based on the standard BMW 530i, here’s how build options could impact your rates.

Trim

  • 530i xDrive. The 530i is the base model of the 5 Series.
  • 530e xDrive iPerformance Plug-in Hybrid. While this option could help you save on gas, it’ll be more costly to insure and repair.
  • 540i xDrive. xDrive is BMW’s all-wheel-drive system that can improve traction and handling. Choosing this option could lead to better auto insurance rates.
  • M550i xDrive. Introduced in 2020, the M550i variant comes with upgraded suspension, exhaust, brakes and wheels for especially agile handling.

Packages

The availability of packages for the BMW 5 Series varies based on the trim you select. The cost of each package ranges from $2,000 to well over $10,000. Options include:

  • The M Sport package. This package focuses on aesthetics and comfort, offering paintwork, exterior add-ons, wheel upgrades, ergonomic seating and more. Also includes the M Aerodynamics package.
  • The M Aerodynamics package. Offers upgraded bodywork including a front apron, rear apron and side stills. This package is part of the M Sport package but can also be fitted separately for your 5 Series.
  • The Competition Package. With the competition package, you can outfit your 5 Series for increased speed and even better handling.
  • Advanced Driver Assistance Package. The features in this package can improve safety and reduce the chance of accidents, which may reduce the cost of insurance. Driving Assistant Plus is available and includes Active cruise control with the Stop&Go function plus Steering and lane control assistance.
  • Premium Essential Package. Get an extra suite of practical, yet luxurious features including an automated trunk, galvanic controls, universal remote controls, head-up display, comfort access and a through loading system.
  • Premium Enhanced Package. Enjoy more convenient access to your 5 Series vehicle with front and rear heated seats, wireless charging, BMW Drive Recorder, Wifi hotspot, individual reading lights, soft close doors 4-zone climate control and more.
  • Premium Excellence Package. This package boosts the perks of the Premium Essential and Enhanced packages with loads of extra features including comfort seats in the front, driving assistant professional, traffic jam assistant, ventilated seats, ambient air package, remote control parking, a BMW display key, parking assistant, leatherette dashboard and more.

BMW 5 Series money-saving safety features

You could save money on car insurance for your BMW 5 Series if it comes equipped with these safety features.

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Parking sensors
  • Surround view camera system
  • Daytime running lights
  • Electronic stability control
  • Seat belt pretensioners
  • Rear backup sensors
  • Lane-departure warning systems
  • Adaptive cruise control

Does the BMW 5 Series qualify for auto insurance discounts?

Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive may vary depending on location, provider, options, and other factors. Here are a few that should apply to the BMW 5 Series:

  • New car discount
  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

How reliable is the BMW 5 Series?

U.S. News gave the 2020 BMW 5 Series a reliability rating of 4/5, putting it in the #1 spot ahead of 9 other luxury midsize vehicles that were tested.

J.D. Power rated the 5 Series 76/100 (“Average”) for Quality & Reliability, which measures defects, malfunctions and design flaws across the entire vehicle. It scored somewhat higher for Driving Experience, earning another “Average” score of 80/100.

Because there are a number of models in the 5 Series, it can be difficult to pinpoint problems that span the entire lineup. Many of the issues with the 5 Series occur on older models that were produced before 2010. Recent models like the 530i and 550 have very few common problems.

  • 2018. A number of 2018 5 Series vehicles were recalled due to an engine control unit software error that could cause the fuel pump to stop working and the engine to stall.
  • 2016. Some 2016 5 Series vehicles were recalled due to defective airbag inflators that may not deploy properly in the event of a crash. Some models also had issues with restraint fixture anchors that may prevent booster or child seats from being secured properly.
  • 2015. Almost 3,000 BMW 5-Series vehicles manufactured in 2015 were recalled due to steering and electrical issues stemming from excessive exposure to moisture.
  • 2013. Nearly 500 5-Series vehicles manufactured in 2013 were recalled for lighting systems and retroreflective devices that may not have complied with safety standards. Additionally, almost 10,000 5-Series vehicles manufactured from 2012-2013 had an error that could have resulted reducing the oil supply to the vacuum pump on the braking system.
  • 2011. A limited number of 2010 and 2011 5 Series models were recalled for an fuel supply issue that could have resulted in inaccurate fuel gauge readings. Additionally, almost 4,000 vehicles were recalled for problems with the auxiliary water pump that could have prevented it from cooling the turbocharger properly, which could have led to a fire.

BMW 5 Series maintenance

Like most other BMW vehicles, the 5 Series was designed to provide a comfortable driving experience that includes less time in the shop and more time on the road. With its great reliability ratings and state-of-the-art technology, the BMW isn’t hard to maintain, but that doesn’t mean you should skip your service appointments. Routine maintenance can ensure that your 5 Series runs smoothly for years to come. Here’s what you need to know.

  • Oil changes should cost several hundred dollars.
  • The 2020 530i gets an average of 8.7 L/100 km, with 9.9 L/100 km in the city and 7.5 L/100 km.
  • The 2020 BMW 540i xDrive gets an average of 9.4 L/100 km, with 10.7 L/100 km in the city and 8.1 L/100 km.
  • The 2020 BMW 530e Hybrid gets an average of 46 km per litre on electric + gas power and 8.7L/100km on gas alone.
  • The 2020 BMW 5 Series comes with a standard 4-year/80,000-kilometre warranty.
  • Newer BMW models come equipped with a Condition Based Servicing system and a Service Interval Indicator. Both of these systems will monitor your vehicle and let you know when parts need replacing and when the vehicle should be brought in for service.

Is an extended warranty worth it for the BMW 5 Series?

The 5 Series comes with BMW’s standard 4-year/80,000 km warranty, which covers problems stemming from defective parts and improper service. It also includes free roadside assistance and a separate corrosion warranty. While the standard warranty is great, parts and service on the 5 Series can be expensive. Adding the extended warranty can provide peace of mind after the initial coverage expires. It’s available in multiple terms and includes service from certified BMW technicians, OEM part replacements, mechanical breakdown towing and more.

How safe is the BMW 5 Series?

Like most BMW vehicles, the 5 Series holds amazing safety ratings and is considered by many experts to be one of the safest sedans on the road. The 2020 BMW 5 Series earned “Top Safety Pick” from the Insurance Institute for Highway Safety (IIHS), which also awarded it good scores on all crashworthiness subcategories. US News awarded the 2020 5 Series an impressive 10/10 for safety. Learn more about car safety ratings in our guide.

Bottom line

The 5 Series is a luxurious modern business sedan that comes packed with state-of-the-art technology. Starting at just over $74,000, this vehicle’s great safety features and crash test ratings make it a reliable daily driver or family vehicle. You should have no trouble finding a provider to insure your 5 Series, but you should compare your options to find a policy and price that’s right for you.

Frequently asked questions about BMW 5 Series vehicles

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