BMW M5 Insurance Rates
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UPDATED: Jun 6, 2023
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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.
Estimated insurance rates for a BMW M5 are $1,580 a year including full coverage. Comprehensive insurance costs around $342 a year, collision costs $620, and liability coverage is estimated at $460. Liability-only coverage costs approximately $510 a year, with high-risk coverage costing $3,430 or more. 16-year-old drivers pay the most at $5,860 a year or more.
Average premium for full coverage: $1,580
Premium estimates for type of coverage:
Rate estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all 50 U.S. states and M5 trim levels.
Insurance Price Range by Risk and Coverage
For a driver around age 40, insurance rates for a BMW M5 go from as low as $510 for a discount liability-only rate to a high of $3,430 for a high-risk insurance policy.
Insurance Price Range by Location
Living in a larger city has a large influence on the price of insurance. Areas with sparse population are statistically proven to have a lower frequency of comprehensive and collision claims than congested cities.
The diagram below illustrates the difference between rural and urban areas on auto insurance rates.
These rate differences highlight why it is important to get quotes for a specific zip code and risk profile, rather than using rate 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.
Rates by State, City, and Model
The chart below breaks down estimated BMW M5 insurance rates for additional coverage choices and driver risks.
- The best full coverage rate is $899
- Choosing higher $1,000 deductibles can save about $1,362 every year
- The average rate for a 40-year-old good driver using $500 deductibles is $1,580
- Buying low $100 deductibles for comp and collision coverage will cost an extra $422 each year
- Drivers with multiple tickets or accidents could pay at least $3,430 or more
- An auto insurance policy for full coverage for a teenage driver can be $5,860 each year
Insurance prices for a BMW M5 also have a wide range based on your driving characteristics, the model of your M5, and deductibles and policy limits.
Older drivers with a clean driving record and high deductibles may only pay around $1,500 annually on average, or $125 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers can expect to pay as much as $5,800 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for BMW M5 insurance rates. A good driver about age 40 could pay as low as $1,210 a year in states like Missouri, New Hampshire, and Vermont, or at least $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% |
Opting for high physical damage deductibles can save as much as $640 a year, while buying higher liability limits will increase prices. Changing from a 50/100 limit to a 250/500 limit will cost up to $414 more per year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you are likely paying at least $1,900 to $2,600 extra annually, depending on your age. A high-risk auto insurance policy ranges around 44% to 134% more than the average rate. View High Risk Driver Rates
With such a large range in prices, the best way to figure out your exact price is to get quotes and see how they stack up. Each auto insurer utilizes a different rate formula, so the prices will be substantially different from one company to the next.
| 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 BMW M5 Insurance
Finding better rates on auto insurance takes being a safe and courteous driver, maintaining good credit, refrain from filing small claims, and insuring your home and auto with the same company. Set aside time to compare rates at least every other year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
Below is a brief recap of the car insurance concepts covered above.
- Drivers who tend to receive serious violations pay on average $1,850 more every year for auto insurance
- You may be able to save up to $190 per year simply by quoting early and online
- Increasing policy deductibles can save around $650 each year
- Consumers who may need higher levels of liability will pay around $510 per year to raise limits from 30/60 bodily injury limits to 250/500 limits
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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