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 prices for a BMW M5 are $1,496 every 12 months for full coverage insurance. Comprehensive costs an estimated $322, collision insurance costs $542, and liability coverage is $474. A liability-only policy costs around $522 a year, and high-risk insurance costs around $3,236. 16-year-old drivers cost the most to insure at up to $5,592 a year.
Average premium for full coverage: $1,496
Policy rates broken down by type of insurance:
Includes $500 policy deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 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 cheapest price of $522 for just liability coverage to a much higher rate of $3,236 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Choosing to live in a large city has a large influence on the price of insurance. More rural locations are shown to have more infrequent physical damage claims than congested cities. The price range example below illustrates how where you live affects insurance prices.
The examples above illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, 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.
Detailed Rate Analysis
The chart below illustrates average BMW M5 insurance rates for other coverage scenarios.
- The best full coverage rate is $860
- Raising to $1,000 deductibles will save approximately $198 each year
- The average price for a good driver age 40 who has $500 deductibles is $1,496
- Buying more expensive low deductibles increases the price to $1,876
- Unlucky drivers with multiple tickets or accidents could pay up to $3,236
- Policy cost to insure a teenage driver with full coverage can cost as much as $5,592
Car insurance rates for a BMW M5 also range considerably based on liability limits and deductibles, your risk profile, and the model year and trim level.
Opting for high physical damage deductibles can reduce rates by up to $580 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $426 extra every 12 months. View Rates by Deductible or Liability Limit
An older driver with no driving violations and higher deductibles may only pay around $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged at least $5,500 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you are probably paying $1,800 to $2,400 extra every year, depending on your age. High-risk driver insurance is expensive and can cost around 43% to 135% more than the average rate. View High Risk Driver Rates
Your home state also has a big influence on BMW M5 insurance rates. A middle-age driver might find rates as low as $980 a year in states like North Carolina, Wisconsin, and Vermont, or at least $2,020 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,354 | -$142 | -9.5% |
| Alaska | $1,148 | -$348 | -23.3% |
| Arizona | $1,242 | -$254 | -17.0% |
| Arkansas | $1,496 | -$0 | 0.0% |
| California | $1,706 | $210 | 14.0% |
| Colorado | $1,430 | -$66 | -4.4% |
| Connecticut | $1,538 | $42 | 2.8% |
| Delaware | $1,694 | $198 | 13.2% |
| Florida | $1,872 | $376 | 25.1% |
| Georgia | $1,380 | -$116 | -7.8% |
| Hawaii | $1,076 | -$420 | -28.1% |
| Idaho | $1,012 | -$484 | -32.4% |
| Illinois | $1,114 | -$382 | -25.5% |
| Indiana | $1,124 | -$372 | -24.9% |
| Iowa | $1,010 | -$486 | -32.5% |
| Kansas | $1,422 | -$74 | -4.9% |
| Kentucky | $2,042 | $546 | 36.5% |
| Louisiana | $2,214 | $718 | 48.0% |
| Maine | $922 | -$574 | -38.4% |
| Maryland | $1,234 | -$262 | -17.5% |
| Massachusetts | $1,198 | -$298 | -19.9% |
| Michigan | $2,600 | $1,104 | 73.8% |
| Minnesota | $1,252 | -$244 | -16.3% |
| Mississippi | $1,792 | $296 | 19.8% |
| Missouri | $1,328 | -$168 | -11.2% |
| Montana | $1,606 | $110 | 7.4% |
| Nebraska | $1,180 | -$316 | -21.1% |
| Nevada | $1,794 | $298 | 19.9% |
| New Hampshire | $1,076 | -$420 | -28.1% |
| New Jersey | $1,672 | $176 | 11.8% |
| New Mexico | $1,326 | -$170 | -11.4% |
| New York | $1,576 | $80 | 5.3% |
| North Carolina | $862 | -$634 | -42.4% |
| North Dakota | $1,226 | -$270 | -18.0% |
| Ohio | $1,032 | -$464 | -31.0% |
| Oklahoma | $1,536 | $40 | 2.7% |
| Oregon | $1,370 | -$126 | -8.4% |
| Pennsylvania | $1,428 | -$68 | -4.5% |
| Rhode Island | $1,994 | $498 | 33.3% |
| South Carolina | $1,354 | -$142 | -9.5% |
| South Dakota | $1,264 | -$232 | -15.5% |
| Tennessee | $1,310 | -$186 | -12.4% |
| Texas | $1,802 | $306 | 20.5% |
| Utah | $1,108 | -$388 | -25.9% |
| Vermont | $1,024 | -$472 | -31.6% |
| Virginia | $898 | -$598 | -40.0% |
| Washington | $1,156 | -$340 | -22.7% |
| West Virginia | $1,372 | -$124 | -8.3% |
| Wisconsin | $1,038 | -$458 | -30.6% |
| Wyoming | $1,332 | -$164 | -11.0% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW M5 | $470 | $952 | $398 | $1,978 |
| 2023 BMW M5 | $454 | $930 | $416 | $1,958 |
| 2022 BMW M5 | $438 | $890 | $430 | $1,916 |
| 2021 BMW M5 | $414 | $860 | $442 | $1,874 |
| 2020 BMW M5 | $398 | $798 | $452 | $1,806 |
| 2019 BMW M5 | $382 | $752 | $456 | $1,748 |
| 2018 BMW M5 | $366 | $674 | $460 | $1,658 |
| 2017 BMW M5 | $342 | $620 | $460 | $1,580 |
| 2016 BMW M5 | $330 | $580 | $464 | $1,532 |
| 2015 BMW M5 | $322 | $542 | $474 | $1,496 |
| 2014 BMW M5 | $298 | $504 | $474 | $1,434 |
| 2013 BMW M5 | $290 | $456 | $478 | $1,382 |
| 2010 BMW M5 | $246 | $340 | $468 | $1,212 |
| 2008 BMW M5 | $238 | $318 | $452 | $1,166 |
| 2006 BMW M5 | $210 | $286 | $442 | $1,096 |
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 the Cheapest BMW M5 Insurance
Finding cheaper rates on auto insurance consists of being a good driver, maintaining a good credit score, being claim-free, and possibly higher deductibles. Take the time to comparison shop at least once a year by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.
The following list is a recap of the primary concepts that were touched on in the above illustrations.
- It is possible to save approximately $180 per year just by shopping early and online
- Drivers that have major violations or accidents could be forced to pay on average $1,740 more annually than a safer driver
- Increasing comprehensive and collision deductibles could save as much as $575 each year
- Drivers age 16 to 20 have the highest car insurance rates, possibly costing $466 each month if the policy includes full coverage
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 | $5,592 |
| 20 | $3,434 |
| 30 | $1,558 |
| 40 | $1,496 |
| 50 | $1,364 |
| 60 | $1,338 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,876 |
| $250 | $1,700 |
| $500 | $1,496 |
| $1,000 | $1,298 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,496 |
| 50/100 | $1,591 |
| 100/300 | $1,709 |
| 250/500 | $2,017 |
| 100 CSL | $1,638 |
| 300 CSL | $1,899 |
| 500 CSL | $2,089 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,980 |
| 20 | $5,476 |
| 30 | $3,304 |
| 40 | $3,236 |
| 50 | $3,090 |
| 60 | $3,060 |
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 | $80 |
| Multi-vehicle | $79 |
| Homeowner | $23 |
| 5-yr Accident Free | $109 |
| 5-yr Claim Free | $97 |
| Paid in Full/EFT | $67 |
| Advance Quote | $74 |
| Online Quote | $107 |
| Total Discounts | $636 |
Discounts are estimated and may not be available from every company or in every state.
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