BMW M5 Insurance Rates
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UPDATED: Jun 6, 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.
U.S. average insurance rates for a BMW M5 are $1,580 a year with full coverage. Comprehensive insurance costs approximately $342 each year, collision insurance costs $620, and liability coverage costs around $460. A policy with just liability insurance costs as low as $510 a year, and coverage 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 by individual coverage:
Prices are based on $500 physical damage deductibles, 30/60 liability coverage, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and M5 models.
Price Range from Low to High
For the normal driver, BMW M5 insurance prices range from as low as $510 for just liability coverage to a high rate of $3,430 for a policy for a high-risk driver.
Geographic Price Range
Where you live has a large influence on the price of insurance. Rural locations have a lower frequency of collision claims than densely populated cities. The graphic below illustrates how geographic area affects auto insurance prices.
The ranges above demonstrate why all drivers should compare prices 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.
Detailed Rate Analysis
The chart below details average BMW M5 insurance rates for additional coverage and risk scenarios.
- The best discount rate is $899
- Using higher $1,000 deductibles will save $218 annually
- The average rate for the average middle-age driver who chooses $500 deductibles is $1,580
- Using low deductibles for physical damage coverage will cost an extra $422 each year
- Higher-risk drivers who are prone to accidents and violations could pay around $3,430
- The price for full coverage for a teenage driver can cost $5,860 or more
Insurance prices for a BMW M5 are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.
More mature drivers with a clean driving record and high deductibles may only pay around $1,500 a year for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay in the ballpark of $5,800 a year. View Rates by Age
The state you live in has a huge impact on BMW M5 insurance rates. A driver around age 40 might see prices as low as $1,140 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $2,130 on average in New York, Michigan, and Florida.
| 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% |
Using high physical damage deductibles could cut prices by as much as $640 a year, whereas increasing liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $414 more per year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $1,900 to $2,600 extra each year, depending on your age. Insurance for high-risk drivers can be around 44% to 134% more than a normal policy. View High Risk Driver Rates
| 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 Find Affordable BMW M5 Insurance
Getting lower rates on auto insurance requires being a safe and courteous driver, maintaining good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to compare rates every year by getting quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.
Below is a brief review of the coverage data presented in the illustrations above.
- You may be able to save around $190 per year just by quoting online in advance
- Increasing physical damage deductibles can save around $650 each year
- Teenage drivers are expensive to insure, costing up to $488 a month for full coverage
- Drivers with DUI or reckless driving convictions pay on average $1,850 more per year for auto 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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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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