The cheapest annual full coverage rate for a BMW 5 Series is $1,230, while the most expensive is $7,850. Rates vary by model year, driver's age, location, driving history, coverage level and insurer. In this article, MoneyGeek breaks down BMW 5 Series insurance costs and coverage, highlighting the best companies and affordable insurers.
BMW 5 Series Insurance Cost
Updated: March 10, 2025
Key Takeaways
GEICO provides the most affordable minimum coverage across all BMW 5 Series model years at $484 annually.
For a BMW 5 Series, the average annual cost of minimum coverage is $601, while full coverage averages $1,778.
MoneyGeek analyzed data from Quadrant Information Services, reviewing 4,183 quotes for the BMW 5 Series.
BMW 5 Series Insurance Rates
What Is the Average BMW 5 Series Car Insurance Cost?
The average cost of full coverage insurance for a BMW 5-series is $148 per month or $1,778 per year, based on a 40-year-old male driver with a clean record. Minimum coverage costs $50 monthly or $601 annually.
| Minimum Coverage | $601 |
| Full Coverage | $1,778 |
BMW 5 Series Insurance Costs by Company
Insurance costs for a BMW 5 Series range from $1,290 to $2,521 per year, depending on age, model year and coverage level. Below is a table showing how average BMW 5 Series insurance rates compare with averages for all vehicles, based on data from several national and mid-sized providers.
| Allstate | $2,193 | $1,805 | 22% |
| Auto-Owners | $1,385 | $1,224 | 13% |
| Farmers | $2,516 | $1,948 | 29% |
| GEICO | $1,546 | $1,329 | 16% |
| Kemper | $2,521 | $2,206 | 14% |
| Nationwide | $1,757 | $1,585 | 11% |
| Progressive | $2,060 | $1,738 | 18% |
| State Farm | $1,473 | $1,266 | 16% |
| Travelers | $1,743 | $1,518 | 15% |
| USAA | $1,290 | $1,198 | 8% |
Read more: Best Car Insurance Companies
Cost of Insuring a BMW 5 Series by Model Year
The year your BMW 5 Series was produced can affect your insurance rates, with older models usually costing less to insure. For instance, full coverage for a 2009 BMW 5 Series costs around $1,445 annually, while a 2022 model averages $2,092. Below are the average full and minimum coverage rates for each production year.
| 2022 | $600 | $2,092 |
| 2021 | $600 | $2,061 |
| 2020 | $583 | $2,011 |
| 2019 | $616 | $1,970 |
| 2018 | $622 | $1,919 |
| 2017 | $605 | $1,864 |
| 2016 | $639 | $1,808 |
| 2015 | $645 | $1,752 |
| 2014 | $610 | $1,711 |
| 2013 | $626 | $1,668 |
| 2012 | $613 | $1,626 |
| 2011 | $588 | $1,566 |
| 2010 | $613 | $1,506 |
| 2009 | $610 | $1,445 |
BMW 5 Series Insurance Costs by Driver Age
BMW 5 Series insurance rates vary significantly by driver age. For example, 16-year-olds pay $7,850 annually for full coverage, while 40-year-olds pay $1,786. Below is a breakdown of average annual full and minimum coverage rates for drivers of different age groups.
| 16 | $2,825 | $7,850 |
| 17 | $2,300 | $6,396 |
| 18 | $2,012 | $5,652 |
| 19 | $1,425 | $4,026 |
| 20 | $1,282 | $3,665 |
| 21 | $1,015 | $2,946 |
| 22 | $927 | $2,710 |
| 23 | $861 | $2,531 |
| 24 | $817 | $2,408 |
| 25 | $716 | $2,138 |
| 26 | $698 | $2,076 |
| 27 | $681 | $2,030 |
| 28 | $670 | $1,998 |
| 29 | $660 | $1,969 |
| 30 | $637 | $1,892 |
| 35 | $618 | $1,825 |
| 40 | $612 | $1,786 |
| 45 | $607 | $1,757 |
| 50 | $591 | $1,698 |
| 55 | $575 | $1,646 |
| 60 | $575 | $1,641 |
| 65 | $613 | $1,679 |
| 70 | $665 | $1,795 |
| 75 | $739 | $1,971 |
| 80 | $836 | $2,190 |
| 85 | $903 | $2,350 |
| 90 | $953 | $2,463 |
BMW 5 Series Insurance Rates Explained
Some factors affect car insurance rates based on driver profiles. However, insurers also consider factors tied to the vehicle. Below is a breakdown of the car-related cost factors.
BMW 5 Series Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296BMW 5 Series
Average Full Coverage Rate
$1,778Premiums for BMW 5 Series are:$482 more
This is 37% more expensive.
Value
The BMW 5 Series' MSRP is $65,895, classifying it as a luxury car. This high MSRP can raise insurance costs, as insurers charge more for luxury vehicles.
Performance
The BMW 5 Series’ 4-second 0-60 mph time and 255 horsepower may not classify it as high-performance, helping keep insurance costs moderate.
Vehicle age
Newer cars like the BMW 5 Series are typically more expensive to insure than older vehicles. However, collector and classic vehicles can cost much more to insure.
Vehicle size
Larger vehicles like the BMW 5 Series, with a curb weight of 4,158 lbs, may cost more to insure due to increased property damage risk.
Trim level
Higher trims of the BMW 5 Series include premium upgrades, increasing the MSRP and insurance costs compared to the base model.
Theft rates
Vehicles more likely to be stolen, like the BMW 5 Series with a theft claim frequency of 45, cost more to insure.
Cheapest BMW 5 Series Insurance
GEICO is the most affordable option for insuring a BMW 5 Series at $484 per year for minimum coverage, based on a 40-year-old male driver with a clean record. Below is a breakdown of the cheapest car insurance rates across coverage levels, age groups, driving records, model years and more.
Cheapest BMW 5 Series Insurance by Coverage Level
The coverage level you select can greatly affect your BMW 5 Series insurance rate. GEICO offers the most affordable minimum coverage, while State Farm provides the cheapest full coverage. Below is a breakdown of the cheapest providers for both coverage types.
Cheapest BMW 5 Series Minimum Coverage
GEICO offers the cheapest minimum coverage for a BMW 5 Series at $40 monthly. State Farm comes in close at $41, followed by Travelers at $51 and Nationwide at $52.
| USAA | $31 | $378 |
| GEICO | $40 | $484 |
| State Farm | $41 | $493 |
| Travelers | $51 | $607 |
| Nationwide | $52 | $625 |
| Allstate | $55 | $657 |
| Progressive | $58 | $700 |
| Farmers | $64 | $766 |
*GEICO offers the lowest average minimum coverage insurance rate for non-military-affiliated BMW 5 Series owners. USAA is the most affordable option for military-affiliated drivers.
Best BMW 5 Series Insurance Rates by Model Year
The list above might not account for your vehicle’s production year, which could lower rates. Depending on your BMW 5 Series’ model year, you may find cheaper minimum coverage options. Use the table below to explore the lowest rates by production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $667 | $56 |
| Farmers | $786 | $66 |
| GEICO | $498 | $42 |
| Nationwide | $620 | $52 |
| Progressive | $712 | $59 |
| State Farm | $451 | $38 |
| Travelers | $627 | $52 |
| USAA | $369 | $31 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage BMW 5 Series Insurance
State Farm offers the cheapest full coverage for a BMW 5 Series at $119 per month or $1,426 annually. Below is the complete list of providers and rates for full coverage car insurance.
| USAA | $102 | $1,230 |
| State Farm | $119 | $1,426 |
| GEICO | $124 | $1,493 |
| Nationwide | $136 | $1,632 |
| Travelers | $144 | $1,725 |
| Progressive | $166 | $1,990 |
| Allstate | $174 | $2,089 |
| Farmers | $194 | $2,323 |
*On average, State Farm is the cheapest insurer for non-military-affiliated BMW 5 Series owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest BMW 5 Series Insurance by Age
Younger drivers aged 16 to 25 and seniors 55 and up often face higher premiums. Below is a breakdown of the most affordable BMW 5 Series insurance options by age.
Cheapest BMW 5 Series Insurance for Young Drivers
State Farm offers the cheapest car insurance for young drivers aged 16 to 25, with average minimum coverage rates of $90 monthly and $1,079 annually. Below is a complete list of affordable rates for young BMW 5 Series drivers.
| USAA | $65 | $777 |
| State Farm | $90 | $1,079 |
| GEICO | $95 | $1,142 |
| Travelers | $106 | $1,270 |
| Allstate | $123 | $1,476 |
| Nationwide | $136 | $1,635 |
| Progressive | $173 | $2,073 |
| Farmers | $174 | $2,086 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW 5 Series Insurance for Seniors
State Farm offers the cheapest car insurance for seniors 55 and up, starting at $45 monthly or $543 annually. See the full list of affordable BMW 5 Series insurers below.
| USAA | $42 | $501 |
| State Farm | $45 | $543 |
| GEICO | $48 | $576 |
| Travelers | $61 | $729 |
| Nationwide | $61 | $734 |
| Allstate | $66 | $796 |
| Progressive | $72 | $861 |
| Farmers | $86 | $1,028 |
*State Farm is the cheapest insurer for non-military-affiliated senior drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW 5 Series Insurance After an Accident
For BMW 5 Series drivers, State Farm, GEICO and Travelers offer the most affordable car insurance after an accident. See the complete list below.
| USAA | $48 | $571 |
| State Farm | $51 | $616 |
| GEICO | $63 | $761 |
| Travelers | $73 | $871 |
| Allstate | $74 | $892 |
| Nationwide | $80 | $955 |
| Progressive | $96 | $1,153 |
| Farmers | $130 | $1,554 |
BMW 5 Series Insurance Cost: Bottom Line
Regularly compare rates from different providers to find the cheapest car insurance. This article covered BMW 5 Series insurance, including costs across demographic groups and the most affordable providers.
BMW 5 Series Insurance Rates: FAQ
Below are answers to some common questions about the costs of insuring a BMW 5 Series.
What company has the cheapest car insurance for a BMW 5 Series?
GEICO offers the cheapest car insurance for a BMW 5 Series, with an annual minimum coverage rate of $484.
What is the average cost of car insurance for a BMW 5 Series?
The average annual cost of minimum auto insurance for a BMW 5 Series is $601, while full coverage averages $1,778.
BMW 5 Series Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 quotes from Quadrant Information Services for a BMW 5 Series.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a BMW 5 Series:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine BMW 5 Series insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your BMW 5 Series.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.