BMW M5 Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Jun 8, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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 auto insurance rates for a BMW M5 are $1,166 annually including full coverage. Comprehensive costs an estimated $238 each year, collision costs $318, and liability insurance is $452. A policy with just liability insurance costs around $504 a year, with coverage for high-risk drivers costing around $2,496. Teens 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 split liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and M5 models.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range go from as cheap as $504 for just liability insurance to a high rate of $2,496 for a high-risk insurance policy.
Price Range by Location
Choosing to live in a large city has a significant impact on the price of auto insurance. More rural locations tend to have fewer comprehensive and collision claims than cities with more traffic congestion.
The graphic below illustrates how rural and urban location affects insurance prices.
These examples highlight why all drivers should compare rates quotes for a targeted area and their own personal driving habits, rather than relying on averaged prices.
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 breaks down estimated BMW M5 insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $696
- Raising to $1,000 deductibles will save approximately $126 every year
- The estimated rate for a 40-year-old driver who has $500 deductibles is $1,166
- Selecting low deductibles will cost $1,408
- Higher-risk drivers with serious driving violations could pay up to $2,496 or more
- The cost with full coverage for a teen driver can cost as much as $4,486
Insurance rates for a BMW M5 can also vary considerably based on the trim level of your M5, your driving characteristics, and liability limits and deductibles.
More mature drivers with no violations or accidents and high physical damage deductibles could pay as little as $1,100 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they should be prepared to pay at least $4,400 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are likely paying $1,400 to $1,900 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 42% to 134% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $370 each year, whereas increasing liability limits will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $407 more each year. View Rates by Deductible or Liability Limit
Where you live also has a big influence on BMW M5 insurance rates. A middle-age driver might find rates as low as $900 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $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% |
With so much variability in rates, the best way to figure out which company is cheapest is to do a rate comparison from as many companies as possible. Every auto insurance company calculates rates differently, and rates can be significantly different between companies.
| 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 Buy the Best Cheap BMW M5 Insurance
Saving money on BMW M5 insurance consists of being a good driver, having good credit, not filing small claims, and maximizing policy discounts. Set aside time to shop around at least every other year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.
The following list is a quick review of the car insurance concepts raised in the charts and tables above.
- High-risk drivers with a DUI or reckless driving violation could be forced to pay on average $1,330 more annually than a safer driver
- You may be able to save approximately $130 per year simply by quoting online in advance
- Increasing deductibles could save up to $375 each year
- Drivers who want an increased level of liability coverage will pay approximately $500 per year to raise from a minimum limit to higher 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? 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.
-
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
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.
Compare Rates and Save
Find companies with the cheapest rates in your area
