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 rates for a BMW M5 are $1,496 a year for full coverage. Comprehensive costs approximately $322, collision costs $542, and liability insurance is $474. Liability-only coverage costs around $522 a year, with high-risk coverage costing around $3,236. 16-year-old drivers cost the most to insure at $5,592 a year or more.
Average premium for full coverage: $1,496
Policy rates by type of insurance:
Rate estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and for different M5 trim levels.
Price Range Variability
For an average driver, BMW M5 insurance rates go from the low end price of $522 for minimum levels of liability insurance 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 significant impact on car insurance rates. Rural locations are shown to have lower incidents of accident claims than congested cities.
The price range example below illustrates the effect of geographic area on auto insurance prices.
The examples above show why anyone shopping for car insurance should compare rates quotes using their 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 Details
The chart below shows estimated BMW M5 insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $860
- Raising to $1,000 deductibles will save $198 a year
- The estimated price for a good driver age 40 who chooses $500 deductibles is $1,496
- Buying more expensive low deductibles bumps up the cost to $1,876
- Higher-risk drivers with multiple tickets or accidents could pay around $3,236 or more
- Policy cost that insures a teen driver with full coverage can cost $5,592
Insurance rates for a BMW M5 also range considerably based on the model year and trim level, how you drive, and physical damage deductibles and liability limits.
If you have a few points on your driving record or you caused an accident, you could be paying anywhere from $1,800 to $2,400 additional every year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 43% to 135% more than the average rate. View High Risk Driver Rates
An older driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $1,400 every 12 months on average, or $117 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $5,500 a year. View Rates by Age
Your home state also has a big influence on BMW M5 insurance rates. A middle-age driver might find rates as low as $990 a year in states like Iowa, Maine, and Idaho, or at least $2,130 on average in New York, Louisiana, 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% |
Opting for high physical damage deductibles can reduce rates by up to $580 each year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more each year. View Rates by Deductible or Liability Limit
Because rates have so much variability, the only way to know who has the cheapest car insurance rates is to compare rates from as many companies as possible. Every auto insurance company utilizes a different rate formula, and rates will be varied.
| 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 BMW M5 Insurance
Finding cheaper rates on BMW M5 insurance consists of being a low-risk driver, having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Comparison shop at least once a year by requesting quotes from direct carriers, and also from insurance agencies where you live.
The items below are a brief recap of the primary concepts that were covered in the above illustrations.
- Drivers can save around $180 per year simply by shopping early and online
- High-risk drivers who tend to receive serious violations could be forced to pay on average $1,740 more per year to insure their M5
- Increasing comprehensive and collision deductibles can save approximately $575 each year
- Teen drivers are the costliest to insure, costing up to $466 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 | $5,592 |
| 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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