BMW M5 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

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 auto insurance rates for a BMW M5 are $1,580 annually with full coverage. Comprehensive costs on average $342 each year, collision costs $620, and liability coverage costs $460. Buying just liability costs as little as $510 a year, with insurance for high-risk drivers costing around $3,430. Teen drivers pay the highest rates at $5,860 a year or more.

Average premium for full coverage: $1,580

Price estimates by individual coverage:

Comprehensive $342
Collision $620
Liability $460

Full coverage includes $500 deductible amounts, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and M5 models.

Price Range from Low to High

For the normal driver, BMW M5 insurance prices go from as cheap as $510 for just liability coverage to a high rate of $3,430 for coverage for higher-risk drivers.

Liability Only $510
Full Coverage $1,580
High Risk $3,430

Geographic Price Range

Your location has a large influence on auto insurance rates. Rural areas have fewer collision claims than larger metro areas.

The graphic below illustrates how geographic area affects car insurance rates.

Rural Areas $1,185
Small Cities $1,659
Large Cities $2,133

The ranges above demonstrate why all drivers should compare rates based on a specific location and their own personal driving habits, 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.

Detailed Rate Analysis

The chart below details estimated BMW M5 insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $899
  • Drivers who choose higher $1,000 deductibles will pay around $218 annually
  • The estimated rate for the average middle-age driver with $500 deductibles is $1,580
  • Choosing low deductibles for comprehensive and collision insurance will cost $2,002
  • High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,430 or more
  • The price with full coverage for a teenage driver may cost $5,860 a year

View Chart as Image

BMW M5 insurance cost comparison chart
Column chart showing full coverage BMW M5 insurance rates range from $899 to $5,860

Insurance prices for a BMW M5 are also quite variable based on the trim level and model year, your driving record, and policy deductibles and limits.

More mature drivers with no violations or accidents and high physical damage deductibles may only pay around $1,500 per year on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they should be prepared to pay upwards of $5,800 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you may be forking out at a minimum $1,900 to $2,600 additional each year, depending on your age. Insurance for high-risk drivers can cost around 44% to 134% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $640 a year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $414 more each year. View Rates by Deductible or Liability Limit

The state you live in makes a big difference in BMW M5 insurance rates. A 40-year-old driver could pay as low as $1,140 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,130 on average in Florida, Michigan, and New York.

BMW M5 Insurance Rates by State
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%

View Chart as Image

BMW M5 insurance rates by U.S. city

Since prices can be so different, the best way to find out exactly what you will pay is to do a rate comparison and see how they stack up. Every company uses a different rate calculation, and prices may be quite different between companies.

BMW M5 Insurance Rates by Model Year
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 Buy More Affordable BMW M5 Insurance

Getting lower rates on auto insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and insuring your home and auto with the same company. Invest the time to compare rates at least once a year by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The next list is a summary of the primary concepts that were presented in the illustrations above.

  • You may be able to save as much as $190 per year simply by quoting online in advance
  • Drivers who have multiple accidents or major violations pay an average of $1,850 more each year to buy BMW M5 insurance
  • Increasing physical damage deductibles could save up to $650 each year
  • Drivers age 20 and younger pay higher prices, costing up to $488 a month if they have full coverage

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 $5,860
20 $3,646
30 $1,650
40 $1,580
50 $1,442
60 $1,414

Full coverage, $500 deductibles

Rates by Deductible

BMW M5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,002
$250 $1,806
$500 $1,580
$1,000 $1,362

Full coverage, driver age 40

Rates by Liability Limit

BMW M5 Insurance Rates with Different Liability Limits
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

BMW M5 Insurance 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.

SR-22 Surcharge $223

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
Rate after discounts $899

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

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