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.
The average insurance prices for a BMW M5 are $1,580 every 12 months for full coverage insurance. Comprehensive costs around $342 a year, collision costs $620, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, with high-risk coverage costing around $3,430. Teen drivers cost the most to insure at $5,860 a year or more.
Average premium for full coverage: $1,580
Policy rates for type of insurance:
Full coverage includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and M5 trim levels.
Price Range Variability
For the average 40-year-old driver, BMW M5 insurance rates go from the cheapest price of $510 for liability-only coverage to a high of $3,430 for a driver who has had serious violations or accidents.
Urban vs. Rural Price Range
Where you live has a large influence on car insurance rates. Areas with sparse population are shown to have more infrequent physical damage claims than larger metro areas.
The diagram below illustrates the difference location can make on auto insurance rates.
The examples above illustrate why it is important to compare prices for a specific zip code and their own driving history, rather than using price averages.
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 estimated BMW M5 insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $899
- Using higher $1,000 deductibles will save about $1,362 each year
- The average price for a good driver age 40 using $500 deductibles is $1,580
- Choosing low $100 deductibles for physical damage coverage increases the price to $2,002
- Higher-risk drivers with multiple violations and an at-fault accident could pay at least $3,430 or more
- Policy cost to insure a teenage driver can be $5,860 or more
Insurance rates for a BMW M5 also range considerably based on liability limits and deductibles, your risk profile, and the trim level and model year.
Choosing high deductibles could cut rates by as much as $640 a year, while buying higher liability limits will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit
Older drivers with no violations or accidents and higher deductibles may only pay around $1,500 a year, or $125 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay as much as $5,800 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying at least $1,900 to $2,600 additional every year, depending on your age. A high-risk auto insurance policy can be around 44% to 134% more than average. View High Risk Driver Rates
Your home state has a huge impact on BMW M5 insurance rates. A driver around age 40 might see rates as low as $1,030 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,130 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,430 | -$150 | -9.5% |
| Alaska | $1,210 | -$370 | -23.4% |
| Arizona | $1,312 | -$268 | -17.0% |
| Arkansas | $1,580 | -$0 | 0.0% |
| California | $1,800 | $220 | 13.9% |
| Colorado | $1,510 | -$70 | -4.4% |
| Connecticut | $1,624 | $44 | 2.8% |
| Delaware | $1,788 | $208 | 13.2% |
| Florida | $1,976 | $396 | 25.1% |
| Georgia | $1,458 | -$122 | -7.7% |
| Hawaii | $1,134 | -$446 | -28.2% |
| Idaho | $1,070 | -$510 | -32.3% |
| Illinois | $1,178 | -$402 | -25.4% |
| Indiana | $1,190 | -$390 | -24.7% |
| Iowa | $1,066 | -$514 | -32.5% |
| Kansas | $1,500 | -$80 | -5.1% |
| Kentucky | $2,156 | $576 | 36.5% |
| Louisiana | $2,338 | $758 | 48.0% |
| Maine | $976 | -$604 | -38.2% |
| Maryland | $1,304 | -$276 | -17.5% |
| Massachusetts | $1,266 | -$314 | -19.9% |
| Michigan | $2,744 | $1,164 | 73.7% |
| Minnesota | $1,322 | -$258 | -16.3% |
| Mississippi | $1,892 | $312 | 19.7% |
| Missouri | $1,402 | -$178 | -11.3% |
| Montana | $1,698 | $118 | 7.5% |
| Nebraska | $1,246 | -$334 | -21.1% |
| Nevada | $1,894 | $314 | 19.9% |
| New Hampshire | $1,138 | -$442 | -28.0% |
| New Jersey | $1,766 | $186 | 11.8% |
| New Mexico | $1,400 | -$180 | -11.4% |
| New York | $1,664 | $84 | 5.3% |
| North Carolina | $908 | -$672 | -42.5% |
| North Dakota | $1,294 | -$286 | -18.1% |
| Ohio | $1,092 | -$488 | -30.9% |
| Oklahoma | $1,624 | $44 | 2.8% |
| Oregon | $1,448 | -$132 | -8.4% |
| Pennsylvania | $1,506 | -$74 | -4.7% |
| Rhode Island | $2,108 | $528 | 33.4% |
| South Carolina | $1,432 | -$148 | -9.4% |
| South Dakota | $1,332 | -$248 | -15.7% |
| Tennessee | $1,384 | -$196 | -12.4% |
| Texas | $1,904 | $324 | 20.5% |
| Utah | $1,170 | -$410 | -25.9% |
| Vermont | $1,082 | -$498 | -31.5% |
| Virginia | $948 | -$632 | -40.0% |
| Washington | $1,222 | -$358 | -22.7% |
| West Virginia | $1,448 | -$132 | -8.4% |
| Wisconsin | $1,092 | -$488 | -30.9% |
| Wyoming | $1,408 | -$172 | -10.9% |
Because rates have so much variability, the only way to figure out your exact price is to get quotes and see how they stack up. Each insurance company uses a different rate calculation, and rates will be varied.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW M5 | $514 | $1,000 | $372 | $2,044 |
| 2023 BMW M5 | $490 | $960 | $390 | $1,998 |
| 2022 BMW M5 | $470 | $952 | $398 | $1,978 |
| 2021 BMW M5 | $454 | $930 | $416 | $1,958 |
| 2020 BMW M5 | $438 | $890 | $430 | $1,916 |
| 2019 BMW M5 | $414 | $860 | $442 | $1,874 |
| 2018 BMW M5 | $398 | $798 | $452 | $1,806 |
| 2017 BMW M5 | $382 | $752 | $456 | $1,748 |
| 2016 BMW M5 | $366 | $674 | $460 | $1,658 |
| 2015 BMW M5 | $342 | $620 | $460 | $1,580 |
| 2014 BMW M5 | $330 | $580 | $464 | $1,532 |
| 2013 BMW M5 | $322 | $542 | $474 | $1,496 |
| 2010 BMW M5 | $270 | $418 | $474 | $1,320 |
| 2008 BMW M5 | $246 | $340 | $468 | $1,212 |
| 2006 BMW M5 | $238 | $318 | $452 | $1,166 |
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 More Affordable BMW M5 Insurance
Finding cheaper rates on auto insurance requires avoiding accidents and claims, having above-average credit, being claim-free, and taking advantage of discounts. Make time to compare rates every other policy renewal by quoting rates from direct insurance companies, and also from your local independent and exclusive agents.
The points below are a summary of the ideas that were touched on in this article.
- Drivers under the age of 20 are charged the highest rates, possibly costing $488 each month if full coverage is included
- Drivers who have multiple accidents or major violations may pay on average $1,850 more every year to insure a BMW M5
- Increasing comprehensive and collision deductibles could save as much as $650 each year
- It is possible to save up to $190 per year simply 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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Secured with SHA-256 EncryptionWhat 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.
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,860 |
| 20 | $3,646 |
| 30 | $1,650 |
| 40 | $1,580 |
| 50 | $1,442 |
| 60 | $1,414 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,002 |
| $250 | $1,806 |
| $500 | $1,580 |
| $1,000 | $1,362 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,580 |
| 50/100 | $1,672 |
| 100/300 | $1,787 |
| 250/500 | $2,086 |
| 100 CSL | $1,718 |
| 300 CSL | $1,971 |
| 500 CSL | $2,155 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,382 |
| 20 | $5,812 |
| 30 | $3,508 |
| 40 | $3,430 |
| 50 | $3,274 |
| 60 | $3,246 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $85 |
| Multi-vehicle | $84 |
| Homeowner | $23 |
| 5-yr Accident Free | $118 |
| 5-yr Claim Free | $104 |
| Paid in Full/EFT | $74 |
| Advance Quote | $79 |
| Online Quote | $114 |
| Total Discounts | $681 |
Discounts are estimated and may not be available from every company or in every state.
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