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.

The average insurance rates for a BMW M5 are $1,194 a year for full coverage insurance. Comprehensive insurance costs around $242 a year, collision insurance costs $334, and liability insurance costs $460. Liability-only insurance costs as little as $510 a year, and high-risk driver insurance costs $2,560 or more. 16-year-old drivers cost the most to insure at up to $4,594 a year.

Average premium for full coverage: $1,194

Policy rates for type of insurance:

Comprehensive $242
Collision $334
Liability $460

Full coverage includes $500 physical damage deductibles, liability coverage up to 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and M5 trim levels.

Price Range Variability

For a driver around age 40, BMW M5 insurance rates range from as low as $510 for liability-only coverage to a high of $2,560 for a high-risk driver policy.

Liability Only $510
Full Coverage $1,194
High Risk $2,560

Urban vs. Rural Price Range

Your location has a significant impact on car insurance rates. Areas with sparse population are shown to have a lower frequency of physical damage claims than congested cities. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

Rural Areas $896
Small Cities $1,254
Large Cities $1,612

The examples above illustrate why it is important to compare rates for a specific zip code and risk profile, 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 Charts and Tables

The chart below illustrates average BMW M5 insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $709
  • Drivers who choose higher $1,000 deductibles will pay about $1,062 each year
  • The average rate for a good driver age 40 using $500 deductibles is $1,194
  • Buying low $100 deductibles for comprehensive and collision insurance will cost an extra $248 a year
  • High risk drivers with multiple tickets or accidents could pay at least $2,560
  • Policy cost for full coverage for a teen driver can be $4,594 a year

View Chart as Image

BMW M5 insurance cost comparison chart
Column chart showing BMW M5 insurance prices range from $709 to $4,594 for full coverage

Auto insurance rates for a BMW M5 also range considerably based on your risk profile, the model year and trim level, and deductibles and policy limits.

Older drivers with a good driving record and high deductibles could pay as little as $1,100 per year on average, or $92 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay as much as $4,500 a year. View Rates by Age

Your home state makes a big difference in BMW M5 insurance rates. A 40-year-old driver could pay as low as $780 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,610 on average in Michigan, New York, and Florida.

BMW M5 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,080 -$114 -9.5%
Alaska $916 -$278 -23.3%
Arizona $992 -$202 -16.9%
Arkansas $1,194 -$0 0.0%
California $1,360 $166 13.9%
Colorado $1,142 -$52 -4.4%
Connecticut $1,228 $34 2.8%
Delaware $1,350 $156 13.1%
Florida $1,494 $300 25.1%
Georgia $1,102 -$92 -7.7%
Hawaii $858 -$336 -28.1%
Idaho $808 -$386 -32.3%
Illinois $888 -$306 -25.6%
Indiana $898 -$296 -24.8%
Iowa $804 -$390 -32.7%
Kansas $1,134 -$60 -5.0%
Kentucky $1,630 $436 36.5%
Louisiana $1,768 $574 48.1%
Maine $738 -$456 -38.2%
Maryland $984 -$210 -17.6%
Massachusetts $956 -$238 -19.9%
Michigan $2,074 $880 73.7%
Minnesota $1,000 -$194 -16.2%
Mississippi $1,428 $234 19.6%
Missouri $1,060 -$134 -11.2%
Montana $1,282 $88 7.4%
Nebraska $942 -$252 -21.1%
Nevada $1,434 $240 20.1%
New Hampshire $860 -$334 -28.0%
New Jersey $1,336 $142 11.9%
New Mexico $1,056 -$138 -11.6%
New York $1,258 $64 5.4%
North Carolina $688 -$506 -42.4%
North Dakota $976 -$218 -18.3%
Ohio $826 -$368 -30.8%
Oklahoma $1,228 $34 2.8%
Oregon $1,094 -$100 -8.4%
Pennsylvania $1,140 -$54 -4.5%
Rhode Island $1,594 $400 33.5%
South Carolina $1,082 -$112 -9.4%
South Dakota $1,006 -$188 -15.7%
Tennessee $1,046 -$148 -12.4%
Texas $1,440 $246 20.6%
Utah $884 -$310 -26.0%
Vermont $818 -$376 -31.5%
Virginia $716 -$478 -40.0%
Washington $926 -$268 -22.4%
West Virginia $1,094 -$100 -8.4%
Wisconsin $826 -$368 -30.8%
Wyoming $1,064 -$130 -10.9%

View Chart as Image

BMW M5 insurance rates by U.S. city

Opting for high physical damage deductibles could save up to $380 each year, while buying higher liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $414 extra every year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are probably paying at least $1,400 to $2,000 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost anywhere from 44% to 131% more than the average rate. View High Risk Driver Rates

BMW M5 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2014 BMW M5 $342 $620 $460 $1,580
2013 BMW M5 $330 $580 $464 $1,532
2008 BMW M5 $254 $380 $474 $1,266
2006 BMW M5 $242 $334 $460 $1,194

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 More Affordable BMW M5 Insurance

Finding cheaper rates on BMW M5 insurance not only requires being a safe and courteous driver, but also having good credit, being claim-free, and possibly raising deductibles. Set aside time to compare rates every time your policy renews by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below is a summary of the information covered above.

  • It is possible to save up to $140 per year just by quoting early and online
  • Teenage drivers are expensive to insure, possibly costing $383 each month if they have full coverage
  • Increasing comprehensive and collision deductibles can save around $375 each year
  • High-risk drivers who have multiple accidents or major violations may pay on average $1,370 more every year for auto insurance
  • Drivers who may need higher levels of liability will pay around $510 annually to go from a 30/60 limit to 250/500 limits

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? says they cost $370 on average annually. However, 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 $4,594
20 $2,716
30 $1,228
40 $1,194
50 $1,092
60 $1,070

Full coverage, $500 deductibles

Rates by Deductible

BMW M5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,442
$250 $1,328
$500 $1,194
$1,000 $1,062

Full coverage, driver age 40

Rates by Liability Limit

BMW M5 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,194
50/100 $1,286
100/300 $1,401
250/500 $1,700
100 CSL $1,332
300 CSL $1,585
500 CSL $1,769

Full coverage, driver age 40

Rates for High Risk Drivers

BMW M5 Insurance Rates for High Risk Drivers
Age Premium
16 $6,506
20 $4,320
30 $2,602
40 $2,560
50 $2,446
60 $2,422

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 $160

Potential Rate Discounts

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

Discount Savings
Multi-policy $62
Multi-vehicle $63
Homeowner $20
5-yr Accident Free $78
5-yr Claim Free $76
Paid in Full/EFT $48
Advance Quote $55
Online Quote $83
Total Discounts $485
Rate after discounts $709

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

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