BMW M5 Insurance Rates
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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.
Estimated insurance rates for a BMW M5 are $1,166 a year for full coverage. Comprehensive insurance costs on average $238, collision insurance costs $318, and liability insurance is estimated at $452. Liability-only insurance costs approximately $504 a year, and high-risk driver insurance costs $2,496 or more. Teen drivers pay the most at up to $4,486 a year.
Average premium for full coverage: $1,166
Premium estimates by type of coverage:
Full coverage includes $500 physical damage insurance deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Rates include averaging for all states and for all M5 models.
Insurance Price Range by Risk and Coverage
For the average 40-year-old driver, insurance rates for a BMW M5 range from the low end price of $504 for just liability insurance to the much higher price of $2,496 for a policy for a high-risk driver.
Insurance Price Range by Location
Living in a larger city has a significant impact on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than larger metro areas. The example below illustrates the difference location can make on car insurance rates.
These rate differences show why everyone should get quotes based on a specific location, rather than relying on price 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.
More Rate Details
The chart below shows average BMW M5 insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $696
- Choosing higher $1,000 deductibles can save around $126 a year
- The estimated price for a 40-year-old good driver with $500 deductibles is $1,166
- Choosing pricier low deductibles for comp and collision coverage will cost an additional $242 a year
- High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,496
- An auto insurance policy that insures a teen driver for full coverage may cost $4,486 each year
Insurance prices for a BMW M5 also have a wide range based on the model of your M5, how you drive, and policy deductibles and limits.
If you have a few violations or you caused an accident, you could be paying at a minimum $1,400 to $1,900 additional annually, depending on your age. BMW M5 insurance for high-risk drivers ranges anywhere from 42% to 134% more than average. View High Risk Driver Rates
A more mature driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $1,100 annually on average, or $92 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay upwards of $4,400 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for BMW M5 insurance rates. A good driver about age 40 could pay as low as $770 a year in states like Idaho, Maine, and Iowa, or as much as $1,660 on average in Michigan, Louisiana, and New York.
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% |
Choosing high deductibles can save as much as $370 each year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $407 more each year. View Rates by Deductible or Liability Limit
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 Find More Affordable BMW M5 Insurance
Finding better rates on BMW M5 insurance takes being a low-risk driver, having a good credit score, not filing small claims, and dropping full coverage on older vehicles. Shop around every year by getting quotes from direct carriers, and also from local exclusive and independent agents.
The items below are a summary of the coverage data touched on in this article.
- Drivers can save as much as $130 per year just by quoting online well ahead of the renewal date
- Increasing policy deductibles can save approximately $375 each year
- Teen drivers pay higher prices, as much as $374 per month if comprehensive and collision insurance is included
- High-risk drivers who have multiple accidents or major violations may pay on average $1,330 more each year to insure their M5
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 | $4,486 |
20 | $2,646 |
30 | $1,200 |
40 | $1,166 |
50 | $1,066 |
60 | $1,044 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $1,408 |
$250 | $1,298 |
$500 | $1,166 |
$1,000 | $1,040 |
Full coverage, driver age 40
Rates by Liability Limit
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
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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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