BMW M5 Insurance Rates
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UPDATED: Jun 8, 2024
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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 $1,532 a year for full coverage insurance. Comprehensive costs on average $330, collision insurance costs $580, and liability costs around $464. Liability-only insurance costs as low as $514 a year, and high-risk driver insurance costs around $3,326. 16-year-old drivers cost the most to insure at up to $5,712 a year.
Average premium for full coverage: $1,532
Policy rates by type of insurance:
Price estimates include $500 policy deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 states and for all M5 models.
Price Range Variability
For a 40-year-old driver, BMW M5 insurance rates range from as low as $514 for minimum levels of liability insurance to the much higher price of $3,326 for a driver required to buy high-risk insurance.
Urban vs. Rural Price Range
Where you live can have significant affects on insurance rates. Rural areas are shown to have a lower frequency of physical damage claims than congested cities. The example below illustrates how your location can change car insurance rates.
The examples above illustrate why everyone should compare prices based on a specific location and risk profile, instead of using 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 Rate Details
The chart below illustrates average BMW M5 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $877
- Using higher $1,000 deductibles will save around $204 each year
- The average rate for a good driver age 40 with $500 deductibles is $1,532
- Buying pricier low deductibles for physical damage coverage will increase the cost to $1,934
- Drivers with multiple tickets or accidents could pay upwards of $3,326
- Policy cost for full coverage for a teen driver for full coverage may cost $5,712 or more
Auto insurance rates for a BMW M5 also range considerably based on your risk profile, the model year and trim level, and policy deductibles and limits.
A more mature driver with a good driving record and high deductibles may pay as little as $1,400 a year, or $117 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay upwards of $5,700 a year. View Rates by Age
Your home state has a huge impact on BMW M5 insurance prices. A driver around age 40 might see rates as low as $1,000 a year in states like Vermont, Wisconsin, and North Carolina, or at least $2,070 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,386 | -$146 | -9.5% |
| Alaska | $1,178 | -$354 | -23.1% |
| Arizona | $1,274 | -$258 | -16.8% |
| Arkansas | $1,532 | -$0 | 0.0% |
| California | $1,748 | $216 | 14.1% |
| Colorado | $1,466 | -$66 | -4.3% |
| Connecticut | $1,578 | $46 | 3.0% |
| Delaware | $1,738 | $206 | 13.4% |
| Florida | $1,918 | $386 | 25.2% |
| Georgia | $1,416 | -$116 | -7.6% |
| Hawaii | $1,104 | -$428 | -27.9% |
| Idaho | $1,038 | -$494 | -32.2% |
| Illinois | $1,142 | -$390 | -25.5% |
| Indiana | $1,154 | -$378 | -24.7% |
| Iowa | $1,036 | -$496 | -32.4% |
| Kansas | $1,458 | -$74 | -4.8% |
| Kentucky | $2,092 | $560 | 36.6% |
| Louisiana | $2,270 | $738 | 48.2% |
| Maine | $946 | -$586 | -38.3% |
| Maryland | $1,266 | -$266 | -17.4% |
| Massachusetts | $1,228 | -$304 | -19.8% |
| Michigan | $2,664 | $1,132 | 73.9% |
| Minnesota | $1,282 | -$250 | -16.3% |
| Mississippi | $1,838 | $306 | 20.0% |
| Missouri | $1,362 | -$170 | -11.1% |
| Montana | $1,646 | $114 | 7.4% |
| Nebraska | $1,210 | -$322 | -21.0% |
| Nevada | $1,838 | $306 | 20.0% |
| New Hampshire | $1,104 | -$428 | -27.9% |
| New Jersey | $1,712 | $180 | 11.7% |
| New Mexico | $1,358 | -$174 | -11.4% |
| New York | $1,616 | $84 | 5.5% |
| North Carolina | $884 | -$648 | -42.3% |
| North Dakota | $1,256 | -$276 | -18.0% |
| Ohio | $1,058 | -$474 | -30.9% |
| Oklahoma | $1,574 | $42 | 2.7% |
| Oregon | $1,404 | -$128 | -8.4% |
| Pennsylvania | $1,462 | -$70 | -4.6% |
| Rhode Island | $2,046 | $514 | 33.6% |
| South Carolina | $1,390 | -$142 | -9.3% |
| South Dakota | $1,294 | -$238 | -15.5% |
| Tennessee | $1,342 | -$190 | -12.4% |
| Texas | $1,850 | $318 | 20.8% |
| Utah | $1,136 | -$396 | -25.8% |
| Vermont | $1,050 | -$482 | -31.5% |
| Virginia | $918 | -$614 | -40.1% |
| Washington | $1,184 | -$348 | -22.7% |
| West Virginia | $1,404 | -$128 | -8.4% |
| Wisconsin | $1,062 | -$470 | -30.7% |
| Wyoming | $1,368 | -$164 | -10.7% |
Opting for high physical damage deductibles could cut rates by as much as $610 every year, whereas buying more liability protection will cost you more. Switching from a 50/100 limit to a 250/500 limit will raise rates by up to $417 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 a minimum $1,800 to $2,500 in extra premium every year, depending on your age. BMW M5 insurance for high-risk drivers can be as much as 44% to 131% more than the average rate. View High Risk Driver Rates
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW M5 | $490 | $960 | $390 | $1,998 |
| 2023 BMW M5 | $470 | $952 | $398 | $1,978 |
| 2022 BMW M5 | $454 | $930 | $416 | $1,958 |
| 2021 BMW M5 | $438 | $890 | $430 | $1,916 |
| 2020 BMW M5 | $414 | $860 | $442 | $1,874 |
| 2019 BMW M5 | $398 | $798 | $452 | $1,806 |
| 2018 BMW M5 | $382 | $752 | $456 | $1,748 |
| 2017 BMW M5 | $366 | $674 | $460 | $1,658 |
| 2016 BMW M5 | $342 | $620 | $460 | $1,580 |
| 2015 BMW M5 | $330 | $580 | $464 | $1,532 |
| 2014 BMW M5 | $322 | $542 | $474 | $1,496 |
| 2013 BMW M5 | $298 | $504 | $474 | $1,434 |
| 2010 BMW M5 | $254 | $380 | $474 | $1,266 |
| 2008 BMW M5 | $242 | $334 | $460 | $1,194 |
| 2006 BMW M5 | $218 | $302 | $446 | $1,124 |
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
Finding cheaper rates on car insurance requires avoiding accidents and claims, having good credit, being claim-free, and deciding if full coverage is necessary. Invest the time to shop around at every policy renewal by obtaining price quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.
The points below are a condensed summary of the data illustrated above.
- Policyholders who require increased liability limits will pay around $510 annually to increase from a 30/60 limit to 250/500 limits
- It is possible to save as much as $190 per year just by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles can save around $600 each year
- Drivers under the age of 20 are charged the highest rates, possibly costing $476 each month if they have full coverage
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 | $5,712 |
| 20 | $3,534 |
| 30 | $1,598 |
| 40 | $1,532 |
| 50 | $1,400 |
| 60 | $1,372 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,934 |
| $250 | $1,748 |
| $500 | $1,532 |
| $1,000 | $1,328 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,532 |
| 50/100 | $1,625 |
| 100/300 | $1,741 |
| 250/500 | $2,042 |
| 100 CSL | $1,671 |
| 300 CSL | $1,926 |
| 500 CSL | $2,112 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,162 |
| 20 | $5,630 |
| 30 | $3,398 |
| 40 | $3,326 |
| 50 | $3,174 |
| 60 | $3,146 |
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 | $82 |
| Multi-vehicle | $81 |
| Homeowner | $23 |
| 5-yr Accident Free | $113 |
| 5-yr Claim Free | $100 |
| Paid in Full/EFT | $70 |
| Advance Quote | $76 |
| Online Quote | $110 |
| Total Discounts | $655 |
Discounts are estimated and may not be available from every company or in every state.
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