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 rates for a BMW M5 are $1,580 a year including full coverage. Comprehensive insurance costs on average $342, collision insurance costs $620, and liability costs around $460. Liability-only insurance costs as low as $510 a year, and high-risk driver insurance costs $3,430 or more. Teenage drivers cost the most to insure at up to $5,860 a year.
Average premium for full coverage: $1,580
Policy rates by type of insurance:
Rates are based on $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different M5 trim levels.
Price Range Variability
Using a middle-aged driver as an example, BMW M5 insurance rates range from the low end price of $510 for liability-only coverage to a much higher rate of $3,430 for a policy for a high-risk driver.
Urban vs. Rural Price Range
Where you live can have significant affects on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than densely populated cities. The price range example below illustrates how where you live affects car insurance rates.
The examples above highlight why anyone shopping for car insurance should compare prices based on a specific location, instead of using average rates.
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 breaks down average BMW M5 insurance rates for different risk profiles and scenarios.
- The best discount rate is $899
- Using higher $1,000 deductibles will save around $218 every year
- The estimated price for a good driver age 40 with $500 deductibles is $1,580
- Using more expensive low deductibles for physical damage coverage will cost an additional $422 every year
- Drivers who are prone to accidents and violations could pay upwards of $3,430
- Policy cost that insures a teen driver with full coverage may cost $5,860 or more
Auto insurance rates for a BMW M5 also range considerably based on the model year and trim level, your driving record and age, and policy deductibles and limits.
If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,900 to $2,600 in extra premium every year, depending on your age. High-risk driver insurance can be as much as 44% to 134% more than a normal policy. View High Risk Driver Rates
An older driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,500 a year, or $125 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay upwards of $5,800 a year. View Rates by Age
Your home state has a huge impact on BMW M5 insurance prices. A driver around age 40 might see rates as low as $1,210 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,250 on average in Michigan, New York, and Louisiana.
| 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% |
Using high physical damage deductibles could cut rates by as much as $640 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit
| 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 Find the Best Cheap BMW M5 Insurance
Finding cheaper rates on car insurance requires having a decent driving record, maintaining a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Compare prices every year by getting quotes from direct car insurance companies, and also from insurance agencies where you live.
The following items are a quick review of the coverage data touched on in the above illustrations.
- You may be able to save as much as $190 per year just by shopping early and online
- Increasing comprehensive and collision deductibles can save approximately $650 each year
- 16 to 18-year-old drivers are charged the highest rates, with premiums being up to $488 each month if the policy includes full coverage
- Higher risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,850 more each year than a driver with a clean driving record
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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