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 $1,532 a year for full coverage insurance. Comprehensive costs an estimated $330 a year, collision insurance costs $580, and liability costs around $464. A policy with only liability insurance costs as low as $514 a year, and a high-risk policy costs around $3,326. Teenage drivers pay the most at up to $5,712 a year.

Average premium for full coverage: $1,532

Premium estimates broken down by type of coverage:

Comprehensive $330
Collision $580
Liability $464

Prices include $500 deductible amounts, liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and M5 trim levels.

Insurance Price Range by Risk and Coverage

For the normal driver, insurance rates for a BMW M5 range from as low as $514 for the bare minimum liability coverage to a high of $3,326 for a driver that may need high-risk insurance.

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

Insurance Price Range by Location

Where you live can have significant affects on the price of insurance. More rural locations are statistically proven to have a lower frequency of physical damage claims than densely populated cities. The diagram below illustrates how geographic area affects insurance prices.

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

These rate differences illustrate why it is important to compare prices for a targeted area and risk profile, 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 Rate Information

The chart below illustrates average BMW M5 insurance rates for other coverage scenarios.

  • The best discount rate is $877
  • Using higher $1,000 deductibles will save approximately $1,328 each year
  • The average rate for a 40-year-old good driver who has $500 deductibles is $1,532
  • Using low $100 deductibles for physical damage coverage will increase the cost to $1,934
  • Drivers who are prone to accidents and violations could pay up to $3,326
  • An auto insurance policy for full coverage for a teen driver can cost as much as $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

Car insurance prices for a BMW M5 also have a wide range based on your driving characteristics, the model year and trim level, and liability limits and deductibles.

Older drivers with no driving violations and high deductibles may pay as little as $1,400 a year, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will be charged at least $5,700 a year. View Rates by Age

Where you choose to live 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 be forced to pay as much as $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

Using high physical damage deductibles could cut prices by as much as $610 every year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will cost up to $417 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are probably paying $1,800 to $2,500 extra annually, depending on your age. A high-risk auto insurance policy can be as much as 44% to 131% more than a normal policy. View High Risk Driver Rates

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 Find the Right BMW M5 Insurance

Finding better rates on car insurance requires having a good driving record, having above-average credit, paying for small claims out-of-pocket, and possibly higher deductibles. Invest the time to compare rates once a year by obtaining price quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The next list is a quick rundown of the data that was presented in the illustrations above.

  • It is possible to save approximately $190 per year just by quoting early and online
  • Policyholders who want increased levels of liability coverage will pay an extra $510 annually to increase from 30/60 bodily injury limits to 250/500 limits
  • Drivers age 20 and younger have the highest car insurance prices, with premiums being up to $476 per month if full coverage is included
  • Higher risk drivers with reckless driving or DUI convictions pay on average $1,790 more annually to buy BMW M5 insurance

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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