BMW M5 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 8, 2023

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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 insurance prices for a BMW M5 are $1,166 every 12 months with full coverage. Comprehensive insurance costs around $238 each year, collision costs $318, and liability is $452. A policy with just liability insurance costs around $504 a year, with coverage for high-risk drivers costing $2,496 or more. Teenage drivers receive the highest rates at $4,486 a year or more.

Average premium for full coverage: $1,166

Rate estimates for individual coverage type:

Comprehensive $238
Collision $318
Liability $452

These estimates include $500 deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all U.S. states and M5 models.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from the cheapest price of $504 for liability-only coverage to a high rate of $2,496 for a driver that may need high-risk insurance.

Liability Only $504
Full Coverage $1,166
High Risk $2,496

Price Range by Location

Choosing to live in a large city can make a big difference on insurance rates. Areas with sparse population tend to have more infrequent collision claims than densely populated cities.

The graphic below illustrates how your location can change auto insurance rates.

Rural Areas $875
Small Cities $1,224
Large Cities $1,574

These examples demonstrate why all drivers should compare rates quotes for a specific zip code and their own driving history, instead of making a decision based on 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.

Additional Charts and Tables

The chart below details estimated BMW M5 insurance rates for additional coverage choices and driver risks.

  • The best discount rate is $696
  • Raising to $1,000 deductibles will save about $126 annually
  • The average price for a 40-year-old driver using $500 deductibles is $1,166
  • Using low deductibles costs an extra $242 annually
  • Drivers who are prone to accidents and violations could pay at least $2,496 or more
  • The cost to insure a 16-year-old driver can be $4,486

View Chart as Image

BMW M5 insurance cost comparison chart
Column chart showing full coverage BMW M5 insurance prices range from $696 to $4,486

Insurance rates for a BMW M5 can also vary considerably based on policy deductibles and limits, your driving record, and the trim level and model year.

Using high physical damage deductibles can reduce rates by up to $370 annually, whereas increasing liability limits will increase rates. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $407 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may pay as low as $1,100 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay as much as $4,400 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out at least $1,400 to $1,900 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 42% to 134% more than a normal policy. View High Risk Driver Rates

Where you live also has a big influence on BMW M5 insurance prices. A middle-age driver might find rates as low as $840 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,580 on average in Florida, Michigan, and New York.

BMW M5 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,054 -$112 -9.6%
Alaska $896 -$270 -23.2%
Arizona $968 -$198 -17.0%
Arkansas $1,166 -$0 0.0%
California $1,328 $162 13.9%
Colorado $1,114 -$52 -4.5%
Connecticut $1,200 $34 2.9%
Delaware $1,320 $154 13.2%
Florida $1,458 $292 25.0%
Georgia $1,076 -$90 -7.7%
Hawaii $838 -$328 -28.1%
Idaho $790 -$376 -32.2%
Illinois $868 -$298 -25.6%
Indiana $878 -$288 -24.7%
Iowa $786 -$380 -32.6%
Kansas $1,108 -$58 -5.0%
Kentucky $1,592 $426 36.5%
Louisiana $1,726 $560 48.0%
Maine $720 -$446 -38.3%
Maryland $960 -$206 -17.7%
Massachusetts $932 -$234 -20.1%
Michigan $2,026 $860 73.8%
Minnesota $976 -$190 -16.3%
Mississippi $1,396 $230 19.7%
Missouri $1,034 -$132 -11.3%
Montana $1,252 $86 7.4%
Nebraska $920 -$246 -21.1%
Nevada $1,398 $232 19.9%
New Hampshire $840 -$326 -28.0%
New Jersey $1,302 $136 11.7%
New Mexico $1,034 -$132 -11.3%
New York $1,228 $62 5.3%
North Carolina $672 -$494 -42.4%
North Dakota $956 -$210 -18.0%
Ohio $806 -$360 -30.9%
Oklahoma $1,196 $30 2.6%
Oregon $1,066 -$100 -8.6%
Pennsylvania $1,112 -$54 -4.6%
Rhode Island $1,556 $390 33.4%
South Carolina $1,056 -$110 -9.4%
South Dakota $984 -$182 -15.6%
Tennessee $1,020 -$146 -12.5%
Texas $1,406 $240 20.6%
Utah $862 -$304 -26.1%
Vermont $798 -$368 -31.6%
Virginia $698 -$468 -40.1%
Washington $902 -$264 -22.6%
West Virginia $1,068 -$98 -8.4%
Wisconsin $808 -$358 -30.7%
Wyoming $1,038 -$128 -11.0%

View Chart as Image

BMW M5 insurance rates by U.S. city

With so much variability in rates, the best way to find out your exact price is to do a rate comparison from multiple companies. Every auto insurance company uses a different method to calculate rates, and rates can be significantly different.

BMW M5 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2014 BMW M5 $330 $580 $464 $1,532
2013 BMW M5 $322 $542 $474 $1,496
2008 BMW M5 $246 $340 $468 $1,212
2006 BMW M5 $238 $318 $452 $1,166

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 Shop for Cheap BMW M5 Insurance

Saving money on insurance for a BMW M5 consists of not taking risks behind the wheel, having above-average credit, eliminating unnecessary coverage, and taking advantage of discounts. Invest the time to shop around once a year by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The following is a brief summary of the data that was illustrated above.

  • You may be able to save up to $130 per year simply by quoting online in advance
  • Insureds who may need higher liability limits will pay an extra $500 every year to raise from a minimum limit to a 250/500 level
  • Teens are charged the highest rates, with premiums as much as $374 per month if full coverage is included
  • Drivers considered higher risk that tend to have accidents or serious violations pay on average $1,330 more every year for M5 insurance

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.

Rates by Driver Age

BMW M5 Insurance Rates by Driver Age
Driver Age Premium
16 $4,486
20 $2,646
30 $1,200
40 $1,166
50 $1,066
60 $1,044

Full coverage, $500 deductibles

Rates by Deductible

BMW M5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,408
$250 $1,298
$500 $1,166
$1,000 $1,040

Full coverage, driver age 40

Rates by Liability Limit

BMW M5 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,166
50/100 $1,256
100/300 $1,369
250/500 $1,663
100 CSL $1,302
300 CSL $1,550
500 CSL $1,731

Full coverage, driver age 40

Rates for High Risk Drivers

BMW M5 Insurance Rates for High Risk Drivers
Age Premium
16 $6,348
20 $4,208
30 $2,532
40 $2,496
50 $2,382
60 $2,360

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.

SR-22 Surcharge $155

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $60
Multi-vehicle $61
Homeowner $19
5-yr Accident Free $76
5-yr Claim Free $74
Paid in Full/EFT $46
Advance Quote $53
Online Quote $81
Total Discounts $470
Rate after discounts $696

Discounts are estimated and may not be available from every company or in every state.

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