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.
Estimated insurance rates for a BMW M5 are $1,496 a year with full coverage. Comprehensive costs around $322, collision insurance costs $542, and liability coverage is $474. Liability-only coverage costs around $522 a year, and high-risk coverage costs around $3,236. Teenage drivers pay the most at up to $5,592 a year.
Average premium for full coverage: $1,496
Premium estimates for type of coverage:
Rates are based on $500 policy deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and for different M5 trim levels.
Insurance Price Range by Risk and Coverage
Using a middle-aged driver as an example, insurance rates for a BMW M5 range from the low end price of $522 for a discount liability-only rate to a much higher rate of $3,236 for a high-risk insurance policy.
Insurance Price Range by Location
Choosing to live in a large city has a large influence on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than densely populated cities. The price range example below illustrates how where you live affects auto insurance rates.
These rate differences demonstrate why anyone shopping for car insurance should compare rates quotes for a specific zip code, rather than 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.
Rates by State, City, and Model
The chart below details average BMW M5 insurance rates for additional coverage choices and driver risks.
- The best discount rate is $860
- Raising to $1,000 deductibles will save about $198 annually
- The estimated price for a 40-year-old good driver using $500 deductibles is $1,496
- Using more expensive low deductibles bumps up the cost to $1,876
- Unlucky drivers who are prone to accidents and violations could pay at least $3,236
- An auto insurance policy that insures a teenage driver with full coverage can be $5,592
Insurance prices for a BMW M5 also have a wide range based on the model year and trim level, your age and driving habits, and deductibles and policy limits.
If you have a few violations or you caused an accident, you may be forking out at least $1,800 to $2,400 extra annually, depending on your age. High-risk driver insurance is expensive and can cost around 43% to 135% more than a normal policy. View High Risk Driver Rates
An older driver with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,400 every 12 months on average, or $117 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records can expect to pay as much as $5,500 a year. View Rates by Age
Where you choose to live also has a big influence on BMW M5 insurance rates. A middle-age driver might find prices as low as $1,080 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,020 on average in Florida, Michigan, and New York.
| 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% |
Using high physical damage deductibles can reduce prices by up to $580 a year, while increasing your policy's liability limits will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $426 more per year. View Rates by Deductible or Liability Limit
| 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 Find the Best Cheap BMW M5 Insurance
Finding better rates on auto insurance consists of avoiding accidents and claims, having above-average credit, being claim-free, and dropping full coverage on older vehicles. Compare prices at least every other year by requesting rates from direct companies, and also from your local independent and exclusive agents.
The points below are a quick review of the car insurance concepts touched on in the above illustrations.
- Drivers with a DUI or reckless driving violation may pay on average $1,740 more every year to insure a BMW M5
- You may be able to save up to $180 per year just by shopping early and online
- Increasing policy deductibles can save approximately $575 each year
- Consumers who may need increased liability limits will pay an extra $520 every year to raise from 30/60 bodily injury limits to the 250/500 level
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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