BMW 5 Series insurance rates
Shedding light on car insurance prices
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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.
Based on the standard model, auto insurance for a BMW 5 Series costs an average of $178 a month — or $2,136 a year. This estimate is just under $1,000 above the national average, but your actual rates may vary. Your location, among many other factors, can directly impact the cost of insurance. For example, residents of Maine pay closer to $984 per year, whereas Washington’s average is a much higher $2,127. This is why it’s important to shop around and get quotes that are relevant to your situation.
Geico. Best known for competitive pricing, catchy commercials and a lovable Gecko mascot, Geico is the second-largest auto insurance company in the US. Policies are available in all 50 states and come with great perks like an innovative mobile app, easy repair process and more.
State Farm. Available in all 50 states through a network of over 18,000 local agents, State Farm is the largest auto insurance provider in the country. With over 45 million drivers insured, it offers an assortment of coverage options backed by one-on-one support from independent agents.
Liberty Mutual. Established over 100 years ago, Liberty Mutual is now the fourth-largest property and casualty insurance provider in the nation. It’s home to a wide range of coverage options and great policy benefits like free roadside assistance and more.
Auto insurance is an expensive commitment that almost all drivers need but nobody hopes to use. Shopping for coverage can be frustrating. Coverage and policy details can vary considerably between providers, yet most claim to have the best price. While finding a company to insure your 5 Series shouldn’t be too hard, finding the right policy can be difficult if you don’t know what to look for. Here are a few factors to consider as you shop around.
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.
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.
You could save money on car insurance for your BMW 5 Series if it comes equipped with these safety features.
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:
According to U.S. News and J.D Power, the 2018 BMW 5 Series holds an impressive 4.5/5 star rating for reliability, far better than most vehicles in its class.
There have been a number of recalls on the BMW 5 series since its release.
BMW has produced a number of models that can be classified as a 5 Series, making it difficult to pinpoint common problems. That being said, 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.
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.
The 5 Series comes with BMW’s four-year/50-000 mile BMW 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.
Additionally, eligible 5 Series vehicles come with BMW Ultimate Care, which is a three-year/36,000-mile complimentary maintenance plan. There are other extended maintenance plans available for an extra fee.
Like most BMW vehicles, the 5 Series holds amazing safety ratings. According to U.S. News and J.D. Power, the 2018 BMW 5 Series has a perfect 10/10 safety rating and the highest possible scores in all crash test categories. It won the 2018 IIHS top safety pick+ and near-perfect scores for crashworthiness.
The 5 Series is a luxurious modern business sedan that comes packed with state-of-the-art technology. Starting at just over $50,000, this vehicle’s great safety features and crash test ratings make it a great 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.
The BMW 5 Series model has been around since 1972 and is currently in its seventh generation. The car is the second best selling BMW model, after the 3 Series. The 2017 model was awarded Top Safety Pick+ by the Insurance Institute of Highway Safety and given a 5-Star Overall Rating from the National Highway Safety Administration.
Insurance companies determine the insurance cost for a BMW 5 Series based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. BMW shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. BMW 5 Series shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
A 2017 BMW 5 Series starts at a base price of $51,200. With the average insurance rate at $2,028 per year, the annual insurance cost–to–base car price ratio is 4.0%.
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Allstate is a trusted and well-established company that offers life, automobile, home, renters, condo, motorcycle and business insurance policies. Founded in 1931, the company strives to make the community safer.
Allstate car insurance comes with:
Explore other BMW models or find other manufacturers that offer vehicles similar to the BMW 5 series.
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