BMW 5 Series insurance group

The BMW 5 series is a highly-popular award-winning luxury saloon. It’s a larger and more comfortable vehicle than the extremely popular BMW 3 Series, yet it only costs a little more. In this guide, you’ll learn everything you need to know about insuring the BMW 5 series.

What insurance group does the BMW 5 Series fall under?

All cars are assigned a specific insurance group ranging from 1 (cheapest to insure) to 50 (most expensive). These are used by insurers to help determine a suitable premium to offer motorists. BMW 5 Series models range from insurance group 30 to 46, so these vehicles will typically be more expensive than the average car to insure.

The costs will vary depending on your chosen model of BMW 5 Series vehicle and the different factors related to it. As an example, a 30-year-old driver in an average postcode could pay around £896 for cover on a BMW 5 Series 518d SE 4d that is in insurance group 30 or around £2,447 for a BMW 5 Series 550i SE 4d Step Auto that is in insurance group 44. From this comparison, we can see the impact of premium pricing when one car is in a much higher insurance group.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).

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BMW 5 Series insurance cost by location

The table above shows the average cost of BMW 5 Series insurance based on insurance groups and driver age. However, there are a number of other factors that affect the cost of your car insurance premium, one of the biggest being your location.

To show the power of the postcode, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a BMW 5 Series 528i SE 4d.

• Expensive: £9,983 (London SE1)
• Average: £2,478 (Newcastle NE1)
• Cheap: £1,354 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).

Which factors affect my BMW 5 Series insurance rate?

Along with the car’s insurance group, there are a few other factors that have a big impact on your insurance premium costs:

• Engine type and capacity. In general, the bigger the engine, the higher the cost of your insurance. For example, it may cost £2,154 for insurance for a BMW 5 Series 518d SE 4d, while you may pay £9,983 for the bigger engined BMW 5 Series 528i SE 4d.
• Driver location. Where you live helps determine the level of risk that your car may be stolen or that you’ll be involved in an accident, and this affects the cost of insurance. For example, a 30-year-old in central London may pay £12,373 for insurance for a BMW 5 Series 520i SE 07/13- 4d, while the same 30-year-old in Newcastle may only pay £1,838.
• Driver age. The younger you are, the more risk you represent to insurers, and the more you’re likely to pay for insurance. The average 20-year-old driver in London may pay £24,551 for the BMW 5 Series 528i SE Business Media 4d Step Auto, while the average 40-year-old Londoner will only pay £8,287.

Other factors that influence the cost of your insurance include:

• Your car’s safety rating and security features
• The model and age of your car
• Your car’s anti-theft precautions
• Your annual mileage
• Your driving history and activity
• No claim discount
• Your marital status
• Your credit history and job

How can I save on my BMW 5 Series premium?

You have to buy car insurance if you want to drive your car or leave it on the road, but it doesn’t have to break the bank. Here are some tricks you can try in order to lower the cost of your premium.

• Limit your car usage (where possible). Occasionally deciding to walk or get public transport, rather than using your car, can help to save on your premium.
• Pay annually rather than monthly. It’s not always possible to part with a large sum of money in one go, but paying annually can save you money because you’ll avoid paying interest on monthly payments.
• Install extra safety precautions. The safer your car is, the less of a risk it will be for companies to insure. As such, you’re quite likely to lower your premium by adding extra safety features.
• Don’t just accept your renewal quote. When it’s time to renew your car insurance policy, make sure you shop around and don’t just settle for the renewal price given to you.

Bottom line

This is a saloon that oozes class, but it’ll cost a lot of buy and you’ll pay a lot to insure it too. You’ll always pay well above the average rate this car, but the tips in this guide will help you reduce your premiums somewhat.

Frequently asked questions

• What is the top speed of a BMW 5 Series?

  Depending on the model version, BMW 5 Series cars can reach top speeds of 155 mph.

• Is the BMW 5 Series safe?

  In its official Euro NCAP crash test, the BMW 5 series scored a full 5 stars out of 5. It rated 91% for protecting adult occupants and 85% for protecting child occupants.

• How much car tax do I have to pay for the BMW 5 Series?

  The UK standard car tax rate sites at £150 per year. However, you might pay more or less depending on your car’s emissions.

• Where can I buy a BMW 5 Series?

  You can buy this vehicle from a dealership, online sellers or second-hand from previous owners.

• Is the BMW 5 Series any good?

  Yes, this car has won many awards for its great quality.

• Where can I find BMW 5 Series car insurance?

  You can compare the costs of insuring a BMW 5 Series using any insurance price comparison website.

• Is a BMW 5 Series expensive to insure?

  The price you’ll pay will depend a lot on the specific model of BMW 5 Series you have and the insurance group it falls under. BMW 5 Series models can be found in the insurance groups ranging from 30 to 44, meaning the insurance will be on the relatively expensive side.

Written by

Danny Butler

Publisher

Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio

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