BMW M5 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 15, 2022

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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 rates for a BMW M5 are $1,212 a year for full coverage. Comprehensive costs on average $246 a year, collision costs $340, and liability insurance costs $468. A liability-only policy costs as little as $518 a year, with high-risk insurance costing around $2,610. Teen drivers receive the highest rates at $4,672 a year or more.

Average premium for full coverage: $1,212

Rate estimates by individual coverage type:

Comprehensive $246
Collision $340
Liability $468

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and M5 trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $518 for only liability insurance to a high of $2,610 for a high risk driver.

Liability Only $518
Full Coverage $1,212
High Risk $2,610

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $909
Small Cities $1,273
Large Cities $1,636

These examples show why it is important to compare rates based on a specific location and risk profile, 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.

Insurance Rate Analysis

The chart below shows estimated BMW M5 insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $719
  • Drivers who choose higher $1,000 deductibles will pay around $1,080 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,212
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,468
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,610 or more
  • The cost for full coverage for a teen driver may cost $4,672 a year

View Chart as Image

BMW M5 insurance cost comparison chart
Column chart showing full coverage BMW M5 insurance rates range from $719 to $4,672

for a BMW M5 can also vary considerably based on your driver profile, the trim level of your M5, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,100 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $4,600 a year. View Rates by Age

Where you live makes a big difference in BMW M5 insurance rates. A 40-year-old driver could pay as low as $800 a year in states like Idaho, Maine, and Iowa, or as much as $1,730 on average in Michigan, Louisiana, and New York.

BMW M5 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,098 -$114 -9.4%
Alaska $934 -$278 -22.9%
Arizona $1,006 -$206 -17.0%
Arkansas $1,212 -$0 0.0%
California $1,384 $172 14.2%
Colorado $1,162 -$50 -4.1%
Connecticut $1,250 $38 3.1%
Delaware $1,376 $164 13.5%
Florida $1,520 $308 25.4%
Georgia $1,120 -$92 -7.6%
Hawaii $872 -$340 -28.1%
Idaho $822 -$390 -32.2%
Illinois $906 -$306 -25.2%
Indiana $914 -$298 -24.6%
Iowa $818 -$394 -32.5%
Kansas $1,156 -$56 -4.6%
Kentucky $1,656 $444 36.6%
Louisiana $1,798 $586 48.3%
Maine $750 -$462 -38.1%
Maryland $1,002 -$210 -17.3%
Massachusetts $972 -$240 -19.8%
Michigan $2,110 $898 74.1%
Minnesota $1,016 -$196 -16.2%
Mississippi $1,456 $244 20.1%
Missouri $1,076 -$136 -11.2%
Montana $1,306 $94 7.8%
Nebraska $958 -$254 -21.0%
Nevada $1,456 $244 20.1%
New Hampshire $876 -$336 -27.7%
New Jersey $1,358 $146 12.0%
New Mexico $1,076 -$136 -11.2%
New York $1,280 $68 5.6%
North Carolina $700 -$512 -42.2%
North Dakota $994 -$218 -18.0%
Ohio $840 -$372 -30.7%
Oklahoma $1,248 $36 3.0%
Oregon $1,112 -$100 -8.3%
Pennsylvania $1,158 -$54 -4.5%
Rhode Island $1,620 $408 33.7%
South Carolina $1,100 -$112 -9.2%
South Dakota $1,026 -$186 -15.3%
Tennessee $1,064 -$148 -12.2%
Texas $1,464 $252 20.8%
Utah $898 -$314 -25.9%
Vermont $830 -$382 -31.5%
Virginia $728 -$484 -39.9%
Washington $940 -$272 -22.4%
West Virginia $1,112 -$100 -8.3%
Wisconsin $840 -$372 -30.7%
Wyoming $1,084 -$128 -10.6%

View Chart as Image

BMW M5 insurance rates by U.S. city

Choosing high deductibles could save up to $390 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $421 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,400 to $2,000 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 129% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

BMW M5 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2014 BMW M5 $366 $674 $460 $1,658
2013 BMW M5 $342 $620 $460 $1,580
2008 BMW M5 $270 $418 $474 $1,320
2006 BMW M5 $246 $340 $468 $1,212
2002 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 Cheaper BMW M5 Insurance

Saving money on BMW M5 insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $400 each year
  • Drivers can save as much as $140 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $520 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $389 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $1,400 more each year for 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 $4,672
20 $2,764
30 $1,252
40 $1,212
50 $1,110
60 $1,086

Full coverage, $500 deductibles

Rates by Deductible

BMW M5 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,468
$250 $1,352
$500 $1,212
$1,000 $1,080

Full coverage, driver age 40

Rates by Liability Limit

BMW M5 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,212
50/100 $1,306
100/300 $1,423
250/500 $1,727
100 CSL $1,352
300 CSL $1,610
500 CSL $1,797

Full coverage, driver age 40

Rates for High Risk Drivers

BMW M5 Insurance Rates for High Risk Drivers
Age Premium
16 $6,620
20 $4,402
30 $2,648
40 $2,610
50 $2,490
60 $2,464

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 $163

Potential Rate Discounts

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

Discount Savings
Multi-policy $63
Multi-vehicle $64
Homeowner $20
5-yr Accident Free $80
5-yr Claim Free $77
Paid in Full/EFT $49
Advance Quote $56
Online Quote $84
Total Discounts $493
Rate after discounts $719

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

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