Your insurance costs may vary depending on which company you choose to insure your BMW 5 Series.
For a BMW 5 Series, the annual insurance average is $1,502. USAA has the most affordable insurance prices on average, at $1,187 per year. The most expensive insurance, Allstate, runs about $1,918 per year. By comparing prices, you might save up to $731.
The only people who can use USAA, though, are military families. The least expensive generally accessible insurance is Progressive, which has an annual cost of about $1,362.
For the purpose of comparing vehicle insurance rates for a BMW 5 Series, MoneyGeek employed a sample driver profile. The driver in this hypothetical situation is covered by comprehensive and collision insurance as well as 100/300/100 liability insurance.
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For a BMW 5 series, the average insurance premium is $223. But how low can Progressive’s rates go?
The average monthly cost of insurance for a 2021 BMW 5 Series is $223.58, which equates to $2,682.96 yearly. We obtained these figures from vehicle insurance quotations from reputable insurers. Your real charges, however, will vary according on your driving record, car type, ZIP code, and other elements. And depending on the safety features your car has and the insurer you choose, some older models may cost more to insure than others.
How can I get a BMW 5 Series vehicle insurance quotation at a low price?
For a BMW 5 series, the average monthly insurance premium is $130. However, depending on your driving record, where you live, and other circumstances, your prices may change.
New versions of these cars will undoubtedly cost more to insure than the typical car, which is much less expensive. Until a person receives many quotations, it is impossible to tell with any degree of certainty how much they will have to spend, but there are some broad guidelines to help determine a range.
There are additional things one can consistently do to assist in lowering their insurance prices.
- Probably the most crucial thing you can do is drive safely. Aside from keeping you safe, avoiding collisions makes you less of a risk for insurance companies to cover, so your rates won’t be as high as they may be.
- Reducing the number of insurance claims you file will also help you come off as less of a risk.
- Maintain a high credit score. People who have more accidents tend to have lower credit scores.
- Additionally, keep in mind that there are various levels of coverage available for the most common types of auto insurance policies. While the cheapest option may seem ideal in terms of the cost per month for the duration of the policy, it may end up costing you much more in the long run if you are involved in an accident.
Your rates will depend on the model and trim level; for example, the cost of insurance for a BMW 520d may be higher or lower than for other models.
The vehicle’s price in and of itself also matters. What does a BMW 5 series cost? The starting cost is $53,900. If you look at older models, you might be able to find an affordable BMW 5 series. A BMW 550i costs how much? It might go a little higher. According to Kelley Blue Book, the price of the 2019 BMW 525i might be a touch lower.
Are insurance costs high for BMW 5 series vehicles?
Ashlee is an energetic personal financial specialist and business writer. Ashlee gives a useful and approachable perspective to insurance topics thanks to her MBA and more than fourteen years of experience in the finance sector. She is passionate about giving people the tools they need to succeed financially and safeguard their possessions. Ashlee enjoys spending time with her spouse, dog, and chickens on their farm in Kentucky when she isn’t writing or editing. See complete bio >>
Based on the profile of a 30-year-old driver, the average insurance cost for a BMW 5-SERIES for 2021 is $2,450. However, among other things, your ZIP code can significantly affect how much you pay for vehicle insurance per state. Your insurance rate is significantly influenced by the state in which you reside. For instance, Michigan has the highest yearly average cost of $4,324 for auto insurance, whilst Virginia has the lowest annual average cost of $1,709 for full coverage for BMW 5-SERIES vehicles for drivers over the age of 30.
How much does insurance for a BMW 535i cost?
For a full coverage policy, the average annual cost of insurance for a BMW 535i is $1,816. Comprehensive (or other-than-collision) coverage will cost approximately $404, collision coverage will cost approximately $892, and the remaining liability/medical is projected to cost approximately $520.
The cost summary chart below shows how the typical cost of BMW 535i auto insurance might vary depending on the driver’s age group and the physical damage policy deductible selected. Younger drivers typically pay higher auto insurance premiums, and smaller deductibles are more expensive than greater deductibles.
Chart Information: The graph displays the average insurance cost for a 2017 BMW 535i after applying safe driver and claim-free discounts. All U.S. states and all BMW 535i trim levels were averaged for the rates for full-coverage insurance. On August 11, 2022, data was last updated.
The typical cost of BMW 535i auto insurance is broken down in the table below for model years 2013 to 2017 and various driver age ranges.
Average rates presumptively have a spotless driving record and no accidents for which they were at fault. Rates are averaged across all states in the US, and physical damage deductibles for full coverage are $500. On August 11, 2022, data was last updated.
Is insurance for a BMW 5 Series expensive?
Make sure your auto insurance is priced as affordably as possible. Compare the best quotations
When shopping for auto insurance for your BMW 5 Series, it is advantageous to shop about and compare quotes to make sure you get the best deals. Different insurers may charge you differently depending on your model year and driving history.
Insuring a BMW 5 Series typically costs $1,502 a year, which is $75 more than the national average.
Depending on the provider, the cost of BMW 5 Series insurance might vary by as much as $731 annually.
Depending on the age of your vehicle, the cost of insurance for a BMW 5 Series can vary by as much as $718 annually, with older vehicles often having lower insurance costs.
How much does 330i BMW insurance cost?
The cheapest BMW to insure is the 328i, which has an annual insurance cost of $1,800 or $150 per month.
Maine offers the cheapest insurance rates for a BMW 328i, averaging less than $100 per month or just under $1200 per year.
On the other hand, with an average insurance cost of $3,400 a year, or $280 per month, Georgia is the most costly state to insure your BMW 328i.
The cost of insurance for a 2007 BMW 328i for a 30-year-old male driver with a spotless driving record, who served in the military, and who owns a home will be roughly $85 per month or $1,000 per year.
The average insurance cost for a 2011 BMW 328i is $125 per month or $1,500 annually.
The average monthly insurance cost for a 2013 BMW 328i is $130, or $1,550 annually.
How much does a BMW 3 Series insurance policy cost?
The cost of car insurance for the BMW 3 Series is rather high. The annual average cost of insurance for a BMW 3 Series is $1,560. Other car models only have an annual insurance cost of $1,427. The typical cost of insurance for luxury manufacturers like Tesla is considerably higher than that for a BMW 3 Series.
Why is insurance for a BMW so expensive?
According to our poll, a 30-year-old male’s annual insurance for a BMW model is $4,049 on average. We gathered insurance prices for eight of BMW’s well-known models over the previous five years in order to calculate the average insurance cost for those vehicles.
As a producer of high-end automobiles, BMW models can be pricey to insure. This is so because repairing and replacing costly cars typically costs more money.
Is insurance for a BMW expensive?
The price of a BMW goes beyond its higher-than-average MSRP. BMW car insurance runs $1,788 a year, or 25% more than insurance for a regular vehicle. You should exercise caution when looking for a policy because BMW insurance is more expensive than the average.
What is the price of a 535i BMW?
The Manufacturer’s Suggested Retail Price (MSRP) for the 2016 BMW 5 Series starts at slightly over $51,000 for the base 528i model. As you move up trim levels, prices rise by several thousand dollars, with a 535i starting over $56,500 and a 550i debuting at $67,000. The scorching M5 starts with about $96,000.
Why is insurance for Audi more expensive than BMW?
The Audi TT Coupe is more appealing than ever and incorporates some cute small design cues from the R8 supercar, while the short overhangs give the car a really pleasing and proportional appearance.
You’ll be surprised by how uncomplicated the control layout is once you step inside the TT Coupe. Only the bare minimum of buttons are there in the console’s minimalist design, but the three sizable vents add some good visual interest. Audi cleverly substituted a big 12.3-inch Virtual Cockpit for the real gauges since there was no room for a central screen.
The TT Coupe has been designed to fit two rear passenger seats despite its small size, making it ideal for two kids if you want a reason to drive something a little more exciting than a hatchback for the school run. The entry-level 40 TFSI 2.0-litre petrol with 197PS from Audi replaces the current TT’s diesel engine as the engine with the least insurance on a new model.
You could mistakenly believe that the cute tiny A1 city car is the most affordable Audi to insure, however the Q2 compact crossover has group 13 insurance.
Because they are premium vehicles with higher sticker values, Audi cars do tend to cost more to insure than the ordinary vehicle. As a result, if you have an accident, they might be more expensive to fix or replace, which would raise your insurance costs.
Yes, Audi provides three-year fixed-price auto insurance; the cost only varies based on your circumstances. Getting a quote is definitely worthwhile, but make sure you compare prices with other insurance companies to ensure you receive the best deal.
Are BMW 5 Series vehicles dependable?
Is a pre-owned BMW 5 Series sedan trustworthy? With a 96.9% dependability rating, our most recent reliability data paints a favorable picture of petrol 5 Series cars. Diesel models appear to be more problematic, achieving just 89.1%. The brand BMW was ranked 13th out of 30 manufacturers in the same survey, which is respectable.
What is the maximum mileage of a BMW 5 Series?
A 5-series is a vehicle to take into consideration if you’re shopping for a high-end sedan. As we have seen, the 5-series has a 195,000-mile theoretical lifespan. The vehicle might last 13 years if you drive an average of 15,000 miles every year.
Additionally, the automobile performs on par with its rivals, which is also a good indicator. When we contrast the 5-series with other BMWs, the same thing holds true. The 5-series is then revealed to be probably one of BMW’s best vehicles right now. Additionally, owners love the vehicle, giving it an 8 or 9 out of 10.
Finally, if you choose a sixth- or seventh-generation model, the 5-series is a relatively trouble-free vehicle. While certain sixth-generation vehicles weren’t ideal and some fifth-generation models had their fair share of issues, this wasn’t true of the entire generation and only applied to specific models.