BMW M5 Insurance Rates
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UPDATED: Jun 8, 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.
U.S. average insurance prices for a BMW M5 are $1,166 every 12 months with full coverage. Comprehensive insurance costs approximately $238, collision insurance costs $318, and liability costs around $452. Liability-only insurance costs as low as $504 a year, and high-risk driver insurance costs $2,496 or more. Teens pay the highest rates at up to $4,486 a year.
Average premium for full coverage: $1,166
Price estimates by individual coverage:
Full coverage includes $500 policy deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and for all M5 models.
Price Range from Low to High
For a 40-year-old driver, BMW M5 insurance prices range from the cheapest price of $504 for liability-only coverage to the much higher price of $2,496 for high-risk insurance.
Geographic Price Range
Where you live can have significant affects on the price of insurance. Rural locations have more infrequent collision claims than cities with more traffic congestion. The example below illustrates how your location can change auto insurance prices.
The ranges above demonstrate why everyone should compare prices using their specific location and their own driving history, instead of using 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.
Additional Charts and Tables
The chart below details average BMW M5 insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $696
- Using higher $1,000 deductibles will save $126 annually
- The average price for the average middle-age driver who chooses $500 deductibles is $1,166
- Selecting pricier low deductibles for physical damage coverage costs an extra $242 every year
- Drivers with serious driving violations could pay around $2,496
- The price to insure a teen driver for full coverage can cost $4,486 or more
Car insurance prices for a BMW M5 are also quite variable based on deductibles and policy limits, your driving record, and the model of your M5.
Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $370 every year, whereas buying more liability protection will push prices upward. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $407 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles may pay as little as $1,100 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged in the ballpark of $4,400 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you may be forking out anywhere from $1,400 to $1,900 extra each year, depending on your age. BMW M5 insurance for high-risk drivers can be as much as 42% to 134% more than the average policy. View High Risk Driver Rates
The state you live in has a huge impact on BMW M5 insurance prices. A driver around age 40 might see prices as low as $840 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,580 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,054 | -$112 | -9.6% |
| Alaska | $896 | -$270 | -23.2% |
| Arizona | $968 | -$198 | -17.0% |
| Arkansas | $1,166 | -$0 | 0.0% |
| California | $1,328 | $162 | 13.9% |
| Colorado | $1,114 | -$52 | -4.5% |
| Connecticut | $1,200 | $34 | 2.9% |
| Delaware | $1,320 | $154 | 13.2% |
| Florida | $1,458 | $292 | 25.0% |
| Georgia | $1,076 | -$90 | -7.7% |
| Hawaii | $838 | -$328 | -28.1% |
| Idaho | $790 | -$376 | -32.2% |
| Illinois | $868 | -$298 | -25.6% |
| Indiana | $878 | -$288 | -24.7% |
| Iowa | $786 | -$380 | -32.6% |
| Kansas | $1,108 | -$58 | -5.0% |
| Kentucky | $1,592 | $426 | 36.5% |
| Louisiana | $1,726 | $560 | 48.0% |
| Maine | $720 | -$446 | -38.3% |
| Maryland | $960 | -$206 | -17.7% |
| Massachusetts | $932 | -$234 | -20.1% |
| Michigan | $2,026 | $860 | 73.8% |
| Minnesota | $976 | -$190 | -16.3% |
| Mississippi | $1,396 | $230 | 19.7% |
| Missouri | $1,034 | -$132 | -11.3% |
| Montana | $1,252 | $86 | 7.4% |
| Nebraska | $920 | -$246 | -21.1% |
| Nevada | $1,398 | $232 | 19.9% |
| New Hampshire | $840 | -$326 | -28.0% |
| New Jersey | $1,302 | $136 | 11.7% |
| New Mexico | $1,034 | -$132 | -11.3% |
| New York | $1,228 | $62 | 5.3% |
| North Carolina | $672 | -$494 | -42.4% |
| North Dakota | $956 | -$210 | -18.0% |
| Ohio | $806 | -$360 | -30.9% |
| Oklahoma | $1,196 | $30 | 2.6% |
| Oregon | $1,066 | -$100 | -8.6% |
| Pennsylvania | $1,112 | -$54 | -4.6% |
| Rhode Island | $1,556 | $390 | 33.4% |
| South Carolina | $1,056 | -$110 | -9.4% |
| South Dakota | $984 | -$182 | -15.6% |
| Tennessee | $1,020 | -$146 | -12.5% |
| Texas | $1,406 | $240 | 20.6% |
| Utah | $862 | -$304 | -26.1% |
| Vermont | $798 | -$368 | -31.6% |
| Virginia | $698 | -$468 | -40.1% |
| Washington | $902 | -$264 | -22.6% |
| West Virginia | $1,068 | -$98 | -8.4% |
| Wisconsin | $808 | -$358 | -30.7% |
| Wyoming | $1,038 | -$128 | -11.0% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2014 BMW M5 | $330 | $580 | $464 | $1,532 |
| 2013 BMW M5 | $322 | $542 | $474 | $1,496 |
| 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 Shop for More Affordable BMW M5 Insurance
Getting lower rates on car insurance requires being safe and accident-free, maintaining a good credit score, avoid buying unnecessary coverage, and attention to physical damage deductibles. Invest the time to shop around every couple of years by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.
Below you'll find a summary of the material that was illustrated above.
- Policyholders who purchase more liability protection will pay approximately $500 every year to increase from a low limit to a 250/500 level
- Youthful drivers pay the highest auto insurance prices, costing up to $374 a month if the policy includes full coverage
- Higher risk drivers who have multiple accidents or major violations could be forced to pay on average $1,330 more per year than a low-risk driver
- Increasing physical damage deductibles could save as much as $375 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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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.
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $4,486 |
| 20 | $2,646 |
| 30 | $1,200 |
| 40 | $1,166 |
| 50 | $1,066 |
| 60 | $1,044 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,408 |
| $250 | $1,298 |
| $500 | $1,166 |
| $1,000 | $1,040 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,166 |
| 50/100 | $1,256 |
| 100/300 | $1,369 |
| 250/500 | $1,663 |
| 100 CSL | $1,302 |
| 300 CSL | $1,550 |
| 500 CSL | $1,731 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $6,348 |
| 20 | $4,208 |
| 30 | $2,532 |
| 40 | $2,496 |
| 50 | $2,382 |
| 60 | $2,360 |
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 | $60 |
| Multi-vehicle | $61 |
| Homeowner | $19 |
| 5-yr Accident Free | $76 |
| 5-yr Claim Free | $74 |
| Paid in Full/EFT | $46 |
| Advance Quote | $53 |
| Online Quote | $81 |
| Total Discounts | $470 |
Discounts are estimated and may not be available from every company or in every state.
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