BMW M5 Insurance Rates

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UPDATED: Jun 8, 2024

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How much does the BMW M5 cost to insure? Full coverage for a BMW M5 costs $1,916 a year, or $159. Our guide breaks down these rates so that drivers can save on BMW M5 insurance costs.

Want to jump right into finding a reasonable BMW M5 insurance group? Enter your ZIP code in our free tool above to start comparing BMW M5 insurance rates.

U.S. average insurance prices for a BMW M5 are $1,532 every 12 months for full coverage insurance. Comprehensive costs approximately $330 a year, collision insurance costs $580, and liability costs around $464. Liability-only coverage costs as low as $514 a year, and high-risk coverage costs around $3,326. Teens pay the highest rates at up to $5,712 a year.

Average premium for full coverage: $1,532

Price estimates by individual coverage:

Comprehensive $330
Collision $580
Liability $464

Rate estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 states and M5 trim levels.

Price Range from Low to High

For a 40-year-old driver, BMW M5 insurance prices range from the cheapest price of $514 for liability-only coverage to a high of $3,326 for a driver who requires high-risk insurance.

Liability Only $514
Full Coverage $1,532
High Risk $3,326

Geographic Price Range

Where you live can have significant affects on the price of auto insurance. Rural locations have more infrequent physical damage claims than cities with more traffic congestion. The diagram below illustrates how your location can change auto insurance prices.

Rural Areas $1,149
Small Cities $1,609
Large Cities $2,068

The ranges above illustrate why it is important to compare prices using their specific location and their own driving history, instead of using averaged prices.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Charts and Tables

The chart below illustrates average BMW M5 insurance rates for additional coverage and risk scenarios.

  • The cheapest rate after discounts is $877
  • Using higher $1,000 deductibles will save $1,328 each year
  • The average price for the average middle-age driver who chooses $500 deductibles is $1,532
  • Selecting low $100 deductibles for physical damage coverage increases the price to $1,934
  • Drivers with serious driving violations could pay around $3,326
  • The price to insure a teen driver can cost $5,712 or more

View Chart as Image

BMW M5 insurance cost comparison chart
Column chart showing BMW M5 insurance rates range from $877 to $5,712 for full coverage

Auto insurance prices for a BMW M5 are also quite variable based on deductibles and policy limits, your risk profile, and the model of your M5.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $610 every year, while buying higher liability limits will push prices upward. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $417 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles may pay as little as $1,400 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay in the ballpark of $5,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying anywhere from $1,800 to $2,500 in extra premium each year, depending on your age. A high-risk auto insurance policy can be as much as 44% to 131% more than the average policy. View High Risk Driver Rates

The state you live in has a huge impact on BMW M5 insurance prices. A driver around age 40 might see prices as low as $1,000 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,070 on average in Florida, New York, and Michigan.

BMW M5 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,386 -$146 -9.5%
Alaska $1,178 -$354 -23.1%
Arizona $1,274 -$258 -16.8%
Arkansas $1,532 -$0 0.0%
California $1,748 $216 14.1%
Colorado $1,466 -$66 -4.3%
Connecticut $1,578 $46 3.0%
Delaware $1,738 $206 13.4%
Florida $1,918 $386 25.2%
Georgia $1,416 -$116 -7.6%
Hawaii $1,104 -$428 -27.9%
Idaho $1,038 -$494 -32.2%
Illinois $1,142 -$390 -25.5%
Indiana $1,154 -$378 -24.7%
Iowa $1,036 -$496 -32.4%
Kansas $1,458 -$74 -4.8%
Kentucky $2,092 $560 36.6%
Louisiana $2,270 $738 48.2%
Maine $946 -$586 -38.3%
Maryland $1,266 -$266 -17.4%
Massachusetts $1,228 -$304 -19.8%
Michigan $2,664 $1,132 73.9%
Minnesota $1,282 -$250 -16.3%
Mississippi $1,838 $306 20.0%
Missouri $1,362 -$170 -11.1%
Montana $1,646 $114 7.4%
Nebraska $1,210 -$322 -21.0%
Nevada $1,838 $306 20.0%
New Hampshire $1,104 -$428 -27.9%
New Jersey $1,712 $180 11.7%
New Mexico $1,358 -$174 -11.4%
New York $1,616 $84 5.5%
North Carolina $884 -$648 -42.3%
North Dakota $1,256 -$276 -18.0%
Ohio $1,058 -$474 -30.9%
Oklahoma $1,574 $42 2.7%
Oregon $1,404 -$128 -8.4%
Pennsylvania $1,462 -$70 -4.6%
Rhode Island $2,046 $514 33.6%
South Carolina $1,390 -$142 -9.3%
South Dakota $1,294 -$238 -15.5%
Tennessee $1,342 -$190 -12.4%
Texas $1,850 $318 20.8%
Utah $1,136 -$396 -25.8%
Vermont $1,050 -$482 -31.5%
Virginia $918 -$614 -40.1%
Washington $1,184 -$348 -22.7%
West Virginia $1,404 -$128 -8.4%
Wisconsin $1,062 -$470 -30.7%
Wyoming $1,368 -$164 -10.7%

View Chart as Image

BMW M5 insurance rates by U.S. city
BMW M5 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 BMW M5 $490 $960 $390 $1,998
2023 BMW M5 $470 $952 $398 $1,978
2022 BMW M5 $454 $930 $416 $1,958
2021 BMW M5 $438 $890 $430 $1,916
2020 BMW M5 $414 $860 $442 $1,874
2019 BMW M5 $398 $798 $452 $1,806
2018 BMW M5 $382 $752 $456 $1,748
2017 BMW M5 $366 $674 $460 $1,658
2016 BMW M5 $342 $620 $460 $1,580
2015 BMW M5 $330 $580 $464 $1,532
2014 BMW M5 $322 $542 $474 $1,496
2013 BMW M5 $298 $504 $474 $1,434
2010 BMW M5 $254 $380 $474 $1,266
2008 BMW M5 $242 $334 $460 $1,194
2006 BMW M5 $218 $302 $446 $1,124

Rates are averaged for all BMW M5 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Shop for the Best BMW M5 Insurance

Getting lower rates on car insurance requires not taking risks behind the wheel, having a good credit score, not filing small claims, and possibly higher deductibles. Invest the time to shop around at every other renewal by obtaining price quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following is a brief recap of the concepts that were illustrated above.

  • Higher risk drivers who tend to receive serious violations may have to pay on average $1,790 more per year for M5 insurance
  • Teens have the highest car insurance prices, as much as $476 a month if comprehensive and collision insurance is included
  • It is possible to save around $190 per year just by quoting early and online
  • Increasing physical damage deductibles could save as much as $600 each year
  • It is possible to save around $190 per year just by quoting early and online

Frequently Asked Questions

We wanted to answer a couple common questions before we move on:

  • How much is insurance on a BMW M5? Average insurance rates for a BMW M5 are $1,916 a year for full coverage insurance.
  • Is insurance expensive for a BMW? Compared to the the national average which is $936, yes.
  • Is BMW M5 expensive to maintain? YourMechanic.com says they cost $370 on average annually. However, RepairPal.com says the average annual cost is $1,173.
  • How much to service a BMW M5? See the answer above.
  • How much does BMW M5 cost? From $102,700
  • Is the BMW m5 fast? It can go from 0 to 60 in 2.8 seconds
  • Is BMW m5 a sports car? Yes. It’s considered a sports car for insurance purposes which may contribute to its higher rates.

Shopping around will help you find the best BMW M5 costs. So if you want to know how much is a BMW M5 2015 vehicle to insure or the BMW M5 cost of insurance, start by getting quotes. Enter your ZIP code in our free tool below to get started.

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What are the BMW M5 safety ratings?

The insurance cost of a BMW M5 can depend on the safety features and ratings. The BMW M5 has the following safety features:

  • Electronic Stability Control
  • ABS and Driveline Traction Control
  • Side Impact Beams
  • Blind Spot Detection and Blindspot Sensor
  • Parking Distance Control and Rear Parking Sensors
  • Dual-stage driver and Passenger Seat-mounted Airbags
  • Lane Departure Warning
  • Low Tire Pressure Warning
  • Dual-stage driver and Passenger Front Airbags
  • Curtain 1stand 2nd Row Airbags
  • Airbag Occupancy Sensor
  • Rear Child Safety Locks
  • Outboard Front Lap And Shoulder Safety belts
  • Back-up Camera
  • The Insurance Institute for Highway Safety has not crash-tested the BMW M5.

BMW M5 Compared Against Other Vehicles in the Same Class

The BMW M5 is a luxury car, which means liability rates may be higher. Take a look at the vehicle below to see how other luxury car’s rates compare to a BMW M5’s insurance rates.

Ready to learn more about how much is a BMW M5’s insurance? To find out more about a BMW M5 and how much does it cost to insure, enter your ZIP code in our free tool.

Rates by Driver Age

BMW M5 Insurance Rates by Driver Age
Driver Age Premium
16 $5,712
20 $3,534
30 $1,598
40 $1,532
50 $1,400
60 $1,372

Full coverage, $500 deductibles

Rates by Deductible

BMW M5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,934
$250 $1,748
$500 $1,532
$1,000 $1,328

Full coverage, driver age 40

Rates by Liability Limit

BMW M5 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,532
50/100 $1,625
100/300 $1,741
250/500 $2,042
100 CSL $1,671
300 CSL $1,926
500 CSL $2,112

Full coverage, driver age 40

Rates for High Risk Drivers

BMW M5 Insurance Rates for High Risk Drivers
Age Premium
16 $8,162
20 $5,630
30 $3,398
40 $3,326
50 $3,174
60 $3,146

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $215

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $82
Multi-vehicle $81
Homeowner $23
5-yr Accident Free $113
5-yr Claim Free $100
Paid in Full/EFT $70
Advance Quote $76
Online Quote $110
Total Discounts $655
Rate after discounts $877

Discounts are estimated and may not be available from every company or in every state.

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