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.
Average insurance rates for a BMW M5 are $1,166 a year including full coverage. Comprehensive insurance costs an estimated $238 a year, collision costs $318, and liability costs around $452. A liability-only policy costs as low as $504 a year, with high-risk insurance costing $2,496 or more. Teen drivers receive the highest rates at $4,486 a year or more.
Average premium for full coverage: $1,166
Rate estimates broken down by individual coverage type:
Rates are based on $500 policy deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 U.S. states and M5 trim levels.
Price Range by Coverage and Risk
For the average driver, prices range go from the low end price of $504 for just the minimum liability insurance to a high of $2,496 for a policy for a high-risk driver.
Price Range by Location
Where you live can make a big difference on the price of auto insurance. More rural locations tend to have lower incidents of comprehensive and collision claims than larger metro areas.
The diagram below illustrates how location impacts insurance prices.
These examples highlight why it is important to compare prices for a targeted area, instead of making a decision based 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.
Additional Rate Analysis
The chart below breaks down estimated BMW M5 insurance rates for other coverage scenarios.
- The lowest rate with discounts is $696
- Using higher $1,000 deductibles will save approximately $1,040 every year
- The estimated price for a 40-year-old driver who has $500 deductibles is $1,166
- Choosing low $100 deductibles for physical damage coverage will cost an additional $242 annually
- High-risk insureds with multiple violations and an at-fault accident could pay up to $2,496 or more
- The cost that insures a 16-year-old driver can cost as much as $4,486 or more
Insurance rates for a BMW M5 can also vary considerably based on the trim level of your M5, your driving record and age, and liability limits and deductibles.
If you like to drive fast or you caused an accident, you are likely paying $1,400 to $1,900 extra per year, depending on your age. A high-risk auto insurance policy can be from 42% to 134% more than average. View High Risk Driver Rates
Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,100 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay at least $4,400 a year. View Rates by Age
Where you live has a huge impact on BMW M5 insurance prices. A driver around age 40 might see rates as low as $900 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,660 on average in Louisiana, New York, and Michigan.
| 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 could cut rates by as much as $370 annually, while buying higher liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $407 more per year. View Rates by Deductible or Liability Limit
With so much variability in rates, the best way to figure out which company is cheapest is to get quotes from multiple companies. Each insurance company uses a different rate calculation, so the rates can be significantly different.
| 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 the Best Cheap BMW M5 Insurance
Saving money on insurance for a BMW M5 requires avoiding accidents and claims, having above-average credit, not filing small claims, and taking advantage of discounts. Shop around every year by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.
The points below are a quick review of the coverage data touched on above.
- You may be able to save approximately $130 per year simply by quoting early and online
- Increasing deductibles can save approximately $375 each year
- Drivers under the age of 20 are charged the highest rates, as much as $374 per month if full coverage is included
- Drivers considered higher risk with a DUI or reckless driving violation could be charged and average of $1,330 more annually to insure a BMW 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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Secured with SHA-256 EncryptionWhat 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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