Vehicles > BMW > 5 Series

BMW 5 Series Insurance Rates

Shopping for car insurance through online rate quotes can be fast and easy, plus you may find lower rates. The most important part is to get rates from all companies in order to accurately compare the cheapest rate quotes.

If shopping for car insurance online is new to you, you may be overwhelmed by the hoards of companies selling insurance. The are a couple different ways to compare rate quotes from different insurance companies. The recommended way to find the cheapest 5 Series insurance cost consists of shopping online. This can be done by getting a quick quote here.

Car insurance rates influenced by these things

Insurance premiums on a BMW 5 Series can fluctuate considerably depending on several factors. Including but not limited to:

  • A clean driving record keeps rates low
  • Credit rating impacts rates
  • Male drivers pay higher rates
  • The deductible you choose
  • Crash test rating for your 5 Series
  • Your job
  • The level of coverage
  • Home ownership saves money

One important consideration that will help determine your rates is the age of the vehicle. Older cars and trucks have a lower value compared to new BMW models so the cost to replace them may result in lower rates. Conversely, new BMW models have more advanced features such as dual-stage airbags, all-wheel drive, blind-spot warning system, and tire pressure monitors which may help offset higher rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Auto liability - This coverage provides protection from damage or injury you incur to people or other property by causing an accident. Liability can pay for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Coverage is generally pretty cheap so buy as high a limit as you can afford.

Collision coverage - Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in. Collision coverage for your 5 Series can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive auto coverage - This coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay. The most your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical payments and PIP coverage - Medical payments and Personal Injury Protection insurance pay for immediate expenses like EMT expenses, pain medications, and nursing services. They can be used in conjunction with a health insurance program or if you do not have health coverage. Personal Injury Protection is not universally available and may carry a deductible.

How Much are BMW 5 Series Insurance Rates?