BMW M5 Insurance Rates
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
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 auto insurance rates for a BMW M5 are $1,532 annually including full coverage. Comprehensive costs on average $330 each year, collision insurance costs $580, and liability costs $464. A liability-only policy costs as little as $514 a year, and high-risk insurance 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:
Rates are based on $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and M5 models.
Price Range Variability
For the average 40-year-old driver, BMW M5 insurance rates range from as cheap as $514 for minimum levels of liability insurance to a high rate of $3,326 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Your location can have significant affects on car insurance rates. Rural areas are shown to have fewer comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates the difference location can make on car insurance rates.
The examples above highlight why all drivers should compare rates based on a specific location and their own personal driving habits, 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 Rate Details
The chart below breaks down average BMW M5 insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $877
- Drivers who choose higher $1,000 deductibles will pay around $204 every year
- The estimated rate for a good driver age 40 with $500 deductibles is $1,532
- Selecting low deductibles for comprehensive and collision insurance will cost $1,934
- Higher-risk drivers with serious driving violations could pay upwards of $3,326
- Policy cost with full coverage for a teen driver may cost $5,712 a year
Car insurance rates for a BMW M5 also range considerably based on the model year and trim level, your driving characteristics, and policy deductibles and limits.
More mature drivers with no driving violations and high physical damage deductibles may pay as little as $1,400 per year on average, or $117 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged upwards of $5,700 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying at a minimum $1,800 to $2,500 extra every year, depending on your age. Insurance for high-risk drivers can cost as much as 44% to 131% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could save up to $610 every year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $417 extra every 12 months. View Rates by Deductible or Liability Limit
Your home state makes a big difference in BMW M5 insurance prices. A 40-year-old driver could pay as low as $1,180 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $2,190 on average in Michigan, New York, and Louisiana.
| 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 Buy the Best Cheap BMW M5 Insurance
Finding cheaper rates on car insurance not only requires avoiding accidents and violations, but also having a good credit score, paying for small claims out-of-pocket, and possibly raising deductibles. Make time to compare rates at least once a year by getting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The list below is a quick review of the primary concepts that were touched on in this article.
- You may be able to save as much as $190 per year just by quoting online in advance
- Higher risk drivers with a DUI or reckless driving violation pay on average $1,790 more each year for car insurance
- Increasing comprehensive and collision deductibles could save up to $600 each year
- Teenagers are expensive to insure, with premiums being up to $476 each month if comprehensive and collision insurance is included
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 | $5,712 |
| 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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