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.
Average auto insurance rates for a BMW M5 are $1,496 annually including full coverage. Comprehensive costs an estimated $322 a year, collision costs $542, and liability is $474. Buying just liability costs around $522 a year, with insurance for high-risk drivers costing around $3,236. Teen drivers receive the highest rates at $5,592 a year or more.
Average premium for full coverage: $1,496
Rate estimates broken down by individual coverage type:
Rates are based on $500 policy deductibles, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 50 U.S. states and M5 trim levels.
Price Range by Coverage and Risk
For a driver around age 40, prices range go from as cheap as $522 for your basic liability-only policy to a high of $3,236 for a driver who has had serious violations or accidents.
Price Range by Location
Choosing to live in a large city can have significant affects on the price of auto insurance. More rural locations tend to have fewer comprehensive and collision claims than larger metro areas.
The diagram below illustrates the difference between rural and urban areas on insurance prices.
These examples highlight why it is important to compare rates quotes for a targeted area and their own personal driving habits, instead of using price 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.
More Rate Information
The chart below breaks down estimated BMW M5 insurance rates for other coverage scenarios.
- The lowest rate with discounts is $860
- Raising to $1,000 deductibles will save approximately $1,298 every year
- The estimated rate for a 40-year-old driver who has $500 deductibles is $1,496
- Choosing low $100 deductibles will cost $1,876
- At-risk drivers with multiple violations and an at-fault accident could pay up to $3,236 or more
- The cost with full coverage for a teen driver can cost as much as $5,592
Auto insurance rates for a BMW M5 can also vary considerably based on the trim level of your M5, your driving characteristics, and liability limits and deductibles.
Older drivers with a good driving record and high physical damage deductibles may pay as little as $1,400 every 12 months on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay at least $5,500 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are likely paying $1,800 to $2,400 in extra premium per year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 135% more than average. View High Risk Driver Rates
Choosing high deductibles can reduce rates by up to $580 every year, while buying higher liability limits will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $426 extra every year. View Rates by Deductible or Liability Limit
Where you live also has a big influence on BMW M5 insurance prices. A middle-age driver might find rates as low as $1,150 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,130 on average in Louisiana, 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% |
With so much variability in rates, the best way to figure out which company is cheapest is to get quotes and see which company has the best rate. Every auto insurance company uses a different rate calculation, and quoted rates can be significantly different between companies.
| 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 Buy the Best Cheap BMW M5 Insurance
Saving money on car insurance consists of being safe and accident-free, having above-average credit, not filing small claims, and qualifying for all possible discounts. Set aside time to compare rates every other policy renewal by getting quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.
Below you'll find a quick review of the ideas that were covered above.
- Youthful drivers are the costliest to insure, as much as $466 per month if full coverage is included
- Higher risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,740 more annually than a low-risk driver
- Increasing deductibles could save up to $575 each year
- You may be able to save approximately $180 per year simply by quoting early and online
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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