BMW M5 Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Jun 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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 insurance rates for a BMW M5 are $1,532 a year including full coverage. Comprehensive insurance costs on average $330, collision costs $580, and liability insurance is $464. A liability-only policy costs around $514 a year, with high-risk insurance costing $3,326 or more. 16-year-old drivers receive the highest rates at $5,712 a year or more.
Average premium for full coverage: $1,532
Rate estimates by individual coverage type:
Prices include $500 policy deductibles, 30/60 split liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 U.S. states and for different M5 trim levels.
Price Range by Coverage and Risk
For the average driver, prices range go from the low end price of $514 for the bare minimum liability coverage to a much higher rate of $3,326 for a high-risk insurance policy.
Price Range by Location
Choosing to live in a large city has a significant impact on car insurance rates. Rural areas tend to have lower incidents of comprehensive and collision claims than congested cities.
The price range example below illustrates how location impacts car insurance rates.
These examples highlight why anyone shopping for car insurance should compare rates quotes based on a specific location, rather than relying on 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.
Additional Rate Information
The chart below breaks down estimated BMW M5 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $877
- Raising to $1,000 deductibles will save around $204 every year
- The estimated price for a 40-year-old driver with $500 deductibles is $1,532
- Buying more expensive low deductibles will cost an additional $402 a year
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,326 or more
- The cost that insures a teen driver with full coverage may cost $5,712
Insurance rates for a BMW M5 can also vary considerably based on the model year and trim level, your driving record and age, and policy deductibles and limits.
If you like to drive fast or you caused an accident, you are likely paying at a minimum $1,800 to $2,500 extra per year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 44% to 131% more than the average rate. View High Risk Driver Rates
An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,400 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay upwards of $5,700 a year. View Rates by Age
Where you live also has a big influence on BMW M5 insurance rates. A middle-age driver might find rates as low as $1,180 a year in states like Missouri, New Hampshire, and Vermont, or 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% |
Opting for high physical damage deductibles can reduce rates by up to $610 each year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $417 more per year. View Rates by Deductible or Liability Limit
With so much variability in rates, the best way to figure out exactly what you will pay is to compare rates from as many companies as possible. Every auto insurance company utilizes a different rate formula, so the rates can be significantly different.
| 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 Find the Right BMW M5 Insurance
Saving money on BMW M5 insurance consists of avoiding accidents and claims, having above-average credit, not filing small claims, and bundling your home and auto policies. Comparison shop at least every other year by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.
The points below are a quick rundown of the car insurance concepts touched on above.
- High-risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,790 more each year to insure a BMW M5
- You may be able to save as much as $190 per year simply by shopping early and online
- Increasing deductibles can save approximately $600 each year
- Drivers who require increased liability limits will pay around $510 per year to raise from a minimum limit 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.
-
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Secured with SHA-256 Encryption
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.
Compare Rates and Save
Find companies with the cheapest rates in your area
