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.
The average insurance prices for a BMW M5 are $1,532 every 12 months with full coverage. Comprehensive costs on average $330, collision insurance costs $580, and liability is estimated at $464. Liability-only coverage costs approximately $514 a year, and high-risk coverage costs around $3,326. Teens cost the most to insure at up to $5,712 a year.
Average premium for full coverage: $1,532
Policy rates by type of insurance:
Full coverage includes $500 policy deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and for all M5 models.
Price Range Variability
Using a 40-year-old driver as an example, BMW M5 insurance rates range from the cheapest price of $514 for just liability coverage to the much higher price of $3,326 for high-risk insurance.
Urban vs. Rural Price Range
Living in a larger city can make a big difference on auto insurance rates. Rural areas are shown to have more infrequent collision claims than cities with more traffic congestion. The example below illustrates how rural and urban location affects car insurance rates.
The examples above demonstrate why everyone should get quotes based on a specific location and their own driving history, instead of making a decision based on averaged prices.
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 average BMW M5 insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $877
- Choosing higher $1,000 deductibles can save around $204 annually
- The average price for a good driver age 40 with $500 deductibles is $1,532
- Selecting pricier low deductibles for comp and collision coverage increases the price to $1,934
- Higher-risk drivers with serious driving violations could pay upwards of $3,326
- Policy cost to insure a 16-year-old driver for full coverage may cost $5,712 each year
Insurance rates for a BMW M5 also range considerably based on liability limits and deductibles, your driving record, and the trim level of your M5.
Choosing higher comprehensive and collision insurance deductibles can save as much as $610 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $417 more each year. View Rates by Deductible or Liability Limit
A more mature driver with no violations or accidents and higher deductibles may pay as low as $1,400 annually on average, or $117 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay upwards of $5,700 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you may be forking out at a minimum $1,800 to $2,500 additional every year, depending on your age. BMW M5 insurance for high-risk drivers ranges from 44% to 131% more than the average policy. View High Risk Driver Rates
Your home state plays a big part in determining prices for BMW M5 insurance prices. A good driver about age 40 could pay as low as $1,100 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $2,070 on average in Florida, Michigan, and New York.
| 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% |
| 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 Shop for More Affordable BMW M5 Insurance
Finding cheaper rates on insurance for a BMW M5 takes being safe and accident-free, having above-average credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to shop around every couple of years by getting quotes from direct companies, and also from local exclusive and independent agents.
Below you'll find a summary of the material that was raised in the charts and tables above.
- Insureds who require more liability protection will pay approximately $510 every year to raise limits from a 30/60 limit to a 250/500 level
- Youthful drivers pay higher rates, as much as $476 each month if full coverage is included
- Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,790 more each year than a low-risk driver
- Increasing comprehensive and collision deductibles could save as much as $600 each year
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 | $5,712 |
| 20 | $3,534 |
| 30 | $1,598 |
| 40 | $1,532 |
| 50 | $1,400 |
| 60 | $1,372 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,934 |
| $250 | $1,748 |
| $500 | $1,532 |
| $1,000 | $1,328 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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