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.
Average insurance rates for a BMW M5 are $1,532 a year with full coverage. Comprehensive costs approximately $330, collision insurance costs $580, and liability coverage is $464. Buying just liability costs around $514 a year, and insurance for high-risk drivers costs around $3,326. Teenage drivers receive the highest rates at up to $5,712 a year.
Average premium for full coverage: $1,532
Rate estimates by individual coverage type:
Includes $500 deductible amounts, 30/60 liability coverage, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for different M5 trim levels.
Price Range by Coverage and Risk
For the average driver, prices range range from as low as $514 for just liability insurance to a much higher rate of $3,326 for a policy for a high-risk driver.
Price Range by Location
Choosing to live in a large city has a large influence on the price of insurance. Rural locations tend to have a lower frequency of collision claims than densely populated cities. The price range example below illustrates how location impacts auto insurance prices.
These examples demonstrate why anyone shopping for car insurance should compare rates quotes using their specific location and risk profile, rather than 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.
More Rate Details
The chart below details average BMW M5 insurance rates for additional coverage and risk scenarios.
- The best discount rate is $877
- Raising to $1,000 deductibles will save $204 annually
- The average rate for a 40-year-old driver who chooses $500 deductibles is $1,532
- Using more expensive low deductibles will increase the cost to $1,934
- Unlucky drivers who are prone to accidents and violations could pay around $3,326
- The cost for full coverage for a teenage driver with full coverage can cost $5,712
Auto insurance rates for a BMW M5 can also vary considerably based on your driver profile, the trim level and model year, and physical damage deductibles and liability limits.
An older driver with a good driving record and high deductibles may only pay around $1,400 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay in the ballpark of $5,700 a year. View Rates by Age
Where you live also has a big influence on BMW M5 insurance rates. A middle-age driver might find rates as low as $1,100 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $2,070 on average in New York, Michigan, 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% |
Using high physical damage deductibles can reduce rates by up to $610 a year, while increasing your policy's liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will cost as much as $417 extra every year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you may be forking out anywhere from $1,800 to $2,500 in extra premium per year, depending on your age. High-risk driver insurance is expensive and can cost around 44% to 131% more than a normal policy. 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 the Cheapest BMW M5 Insurance
Saving money on auto insurance consists of having a good driving record, having good credit, eliminating unnecessary coverage, and possibly higher deductibles. Spend time shopping around every year by getting rate quotes from direct companies like GEICO and Progressive, and also from several local insurance agents.
The next list is a recap of the coverage data touched on above.
- You may be able to save around $190 per year just by shopping early and online
- Increasing deductibles can save around $600 each year
- Drivers age 20 and younger have the highest car insurance rates, with premiums as much as $476 per month if they have full coverage
- Drivers that have major violations or accidents pay on average $1,790 more per year to buy BMW M5 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.
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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