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.
U.S. average insurance prices for a BMW M5 are $1,580 every 12 months including full coverage. Comprehensive insurance costs an estimated $342, collision insurance costs $620, and liability is estimated at $460. Buying just liability costs approximately $510 a year, and insurance for high-risk drivers costs $3,430 or more. Teenage drivers pay the highest rates at up to $5,860 a year.
Average premium for full coverage: $1,580
Price estimates broken down by individual coverage:
Prices are based on $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and for different M5 trim levels.
Price Range from Low to High
Using a 40-year-old driver as an example, BMW M5 insurance prices range from the cheapest price of $510 for just liability coverage to a much higher rate of $3,430 for a driver who requires high-risk insurance.
Geographic Price Range
Living in a larger city can have significant affects on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than densely populated cities. The price range example below illustrates how rural and urban location affects insurance prices.
The ranges above highlight why anyone shopping for car insurance should get quotes for a targeted area and their own driving history, instead of using average rates.
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.
Detailed Rate Analysis
The chart below breaks down average BMW M5 insurance rates for other coverage scenarios.
- The best discount rate is $899
- Choosing higher $1,000 deductibles can save approximately $218 every year
- The average price for the average middle-age driver who has $500 deductibles is $1,580
- Using more expensive low deductibles for comp and collision coverage costs an extra $422 every year
- Unlucky drivers who are prone to accidents and violations could pay up to $3,430
- The price to insure a teen driver with full coverage can cost as much as $5,860 each year
Insurance prices for a BMW M5 are also quite variable based on deductibles and policy limits, your driving characteristics, and the model year and trim level.
Using high physical damage deductibles can save as much as $640 every year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 more each year. View Rates by Deductible or Liability Limit
An older driver with no violations or accidents and higher deductibles may pay as little as $1,500 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay at least $5,800 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are likely paying $1,900 to $2,600 additional each year, depending on your age. High-risk driver insurance ranges as much as 44% to 134% more than a normal policy. View High Risk Driver Rates
The state you live in plays a big part in determining prices for BMW M5 insurance prices. A good driver about age 40 could pay as low as $1,210 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,250 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,430 | -$150 | -9.5% |
| Alaska | $1,210 | -$370 | -23.4% |
| Arizona | $1,312 | -$268 | -17.0% |
| Arkansas | $1,580 | -$0 | 0.0% |
| California | $1,800 | $220 | 13.9% |
| Colorado | $1,510 | -$70 | -4.4% |
| Connecticut | $1,624 | $44 | 2.8% |
| Delaware | $1,788 | $208 | 13.2% |
| Florida | $1,976 | $396 | 25.1% |
| Georgia | $1,458 | -$122 | -7.7% |
| Hawaii | $1,134 | -$446 | -28.2% |
| Idaho | $1,070 | -$510 | -32.3% |
| Illinois | $1,178 | -$402 | -25.4% |
| Indiana | $1,190 | -$390 | -24.7% |
| Iowa | $1,066 | -$514 | -32.5% |
| Kansas | $1,500 | -$80 | -5.1% |
| Kentucky | $2,156 | $576 | 36.5% |
| Louisiana | $2,338 | $758 | 48.0% |
| Maine | $976 | -$604 | -38.2% |
| Maryland | $1,304 | -$276 | -17.5% |
| Massachusetts | $1,266 | -$314 | -19.9% |
| Michigan | $2,744 | $1,164 | 73.7% |
| Minnesota | $1,322 | -$258 | -16.3% |
| Mississippi | $1,892 | $312 | 19.7% |
| Missouri | $1,402 | -$178 | -11.3% |
| Montana | $1,698 | $118 | 7.5% |
| Nebraska | $1,246 | -$334 | -21.1% |
| Nevada | $1,894 | $314 | 19.9% |
| New Hampshire | $1,138 | -$442 | -28.0% |
| New Jersey | $1,766 | $186 | 11.8% |
| New Mexico | $1,400 | -$180 | -11.4% |
| New York | $1,664 | $84 | 5.3% |
| North Carolina | $908 | -$672 | -42.5% |
| North Dakota | $1,294 | -$286 | -18.1% |
| Ohio | $1,092 | -$488 | -30.9% |
| Oklahoma | $1,624 | $44 | 2.8% |
| Oregon | $1,448 | -$132 | -8.4% |
| Pennsylvania | $1,506 | -$74 | -4.7% |
| Rhode Island | $2,108 | $528 | 33.4% |
| South Carolina | $1,432 | -$148 | -9.4% |
| South Dakota | $1,332 | -$248 | -15.7% |
| Tennessee | $1,384 | -$196 | -12.4% |
| Texas | $1,904 | $324 | 20.5% |
| Utah | $1,170 | -$410 | -25.9% |
| Vermont | $1,082 | -$498 | -31.5% |
| Virginia | $948 | -$632 | -40.0% |
| Washington | $1,222 | -$358 | -22.7% |
| West Virginia | $1,448 | -$132 | -8.4% |
| Wisconsin | $1,092 | -$488 | -30.9% |
| Wyoming | $1,408 | -$172 | -10.9% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW M5 | $514 | $1,000 | $372 | $2,044 |
| 2023 BMW M5 | $490 | $960 | $390 | $1,998 |
| 2022 BMW M5 | $470 | $952 | $398 | $1,978 |
| 2021 BMW M5 | $454 | $930 | $416 | $1,958 |
| 2020 BMW M5 | $438 | $890 | $430 | $1,916 |
| 2019 BMW M5 | $414 | $860 | $442 | $1,874 |
| 2018 BMW M5 | $398 | $798 | $452 | $1,806 |
| 2017 BMW M5 | $382 | $752 | $456 | $1,748 |
| 2016 BMW M5 | $366 | $674 | $460 | $1,658 |
| 2015 BMW M5 | $342 | $620 | $460 | $1,580 |
| 2014 BMW M5 | $330 | $580 | $464 | $1,532 |
| 2013 BMW M5 | $322 | $542 | $474 | $1,496 |
| 2010 BMW M5 | $270 | $418 | $474 | $1,320 |
| 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 Shop for Affordable BMW M5 Insurance
Getting lower rates on car insurance takes avoiding accidents and claims, having above-average credit, being claim-free, and possibly raising deductibles. Set aside time to shop around at every other renewal by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
The points below are a brief review of the concepts that were raised in the charts and tables above.
- Higher risk drivers with DUI or reckless driving convictions may have to pay on average $1,850 more annually to insure a BMW M5
- Drivers under the age of 20 are expensive to insure, possibly costing $488 a month if full coverage is included
- You may be able to save approximately $190 per year just by shopping early and online
- Increasing physical damage deductibles could save as much as $650 each year
- You may be able to save approximately $190 per year just by shopping early and online
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 | $5,860 |
| 20 | $3,646 |
| 30 | $1,650 |
| 40 | $1,580 |
| 50 | $1,442 |
| 60 | $1,414 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,002 |
| $250 | $1,806 |
| $500 | $1,580 |
| $1,000 | $1,362 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,580 |
| 50/100 | $1,672 |
| 100/300 | $1,787 |
| 250/500 | $2,086 |
| 100 CSL | $1,718 |
| 300 CSL | $1,971 |
| 500 CSL | $2,155 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,382 |
| 20 | $5,812 |
| 30 | $3,508 |
| 40 | $3,430 |
| 50 | $3,274 |
| 60 | $3,246 |
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 | $85 |
| Multi-vehicle | $84 |
| Homeowner | $23 |
| 5-yr Accident Free | $118 |
| 5-yr Claim Free | $104 |
| Paid in Full/EFT | $74 |
| Advance Quote | $79 |
| Online Quote | $114 |
| Total Discounts | $681 |
Discounts are estimated and may not be available from every company or in every state.
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