Compare BMW M5 Insurance Rates [Comprehensive Guide]

If you want to buy affordable BMW M5 insurance coverage then you should know that a policy will cost $160 per month ($1,916 per year) on average. Good drivers can save as much as $2,955 a year over higher risk drivers.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 25, 2020

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Key Takeaways:

  • Full coverage costs around $1,916 a year or $160 each month
  • A liability-only policy costs around $768 a year or $64 each month
  • Highest rates are for teenage drivers at around $7,003 a year or $584 each month
  • Good drivers can save as much as $790 a year by earning policy discounts
  • BMW M5 insurance costs around $397 more per year than the average vehicle

BMW M5 car insurance rates cost drivers an average of $1,916 a year, which is equal to a $160 monthly insurance bill.

Some of the determining factors that influence BMW M5 rates include driver and vehicle age, along with the vehicle’s safety features.

Read through this helpful guide to figure out how BMW M5 insurance rates are determined so you are ready to secure a policy that works for you.

You can start comparing quotes for BMW M5 car insurance rates from some of the best car insurance companies by using our free online tool now.

BMW M5 Insurance Cost

The average BMW M5 car insurance rates are $1,916 a year or $160 a month.

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Are BMW M5s Expensive to Insure?

The chart below details how BMW M5 insurance rates compare to other luxury cars like the Audi A4, Infiniti Q70, and Lexus ES 350.

Vehicle Comprehensive Collision Liability Total
Audi A4 $332 $656 $398 $1,544
Infiniti Q70 $370 $774 $338 $1,618
Lexus ES 350 $362 $656 $316 $1,470
Mercedes-Benz E300 $394 $744 $338 $1,612
Audi A8 $464 $900 $390 $1,912
Lexus IS 350 $344 $686 $398 $1,586
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However, there are a few things you can do to find the cheapest BMW insurance rates online.

What Impacts the Cost of BMW M5 Insurance?

The BMW M5 trim and model you choose can impact the total price you will pay for BMW M5 insurance coverage.

Age of the Vehicle

Older BMW M5 models generally cost less to insure. For example, auto insurance for a 2016 BMW M5 costs $1,916, while 2010 BMW M5 insurance costs are $1,532, a difference of $384.

Model Year Comprehensive Collision Liability Total
2016 BMW M5 $438 $890 $430 $1,916
2015 BMW M5 $414 $860 $442 $1,874
2014 BMW M5 $398 $798 $452 $1,806
2013 BMW M5 $382 $752 $456 $1,748
2010 BMW M5 $330 $580 $464 $1,532
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Driver Age

Driver age can have a significant impact on BMW M5 auto insurance rates. As an example, a 40-year-old driver could pay $202 less each month for their BMW M5 auto insurance compared to a 20-year-old driver.

Driver Location

Where you live can have a large impact on BMW M5 insurance rates. For example, drivers in Jacksonville may pay $1,149 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on the cost of BMW M5 car insurance. Teens and drivers in their 20’s see the highest jump in their BMW M5 car insurance rates with violations on their driving record.

BMW M5 Safety Features

Having a variety of safety features on your BMW M5 can help lower your BMW M5 insurance costs. The BMW M5’s safety features include:

  • Electronic Stability Control (ESC)
  • ABS and Driveline Traction Control
  • Side Impact Beams
  • Dual Stage Driver and Passenger Seat-Mounted Side Airbags
  • Park Distance Control Front And Rear Parking Sensors
  • Blind Spot Detection Blind Spot
  • Active Protection
  • Lane Departure Warning
  • Low Tire Pressure Warning
  • Dual Stage Driver And Passenger Front Airbags
  • Curtain 1st and 2nd Row Airbags
  • Airbag Occupancy Sensor
  • Rear Child Safety Locks
  • Outboard Front Lap And Shoulder Safety Belts -inc: Rear Center 3 Point and Pretensioners
  • Back-Up Camera

BMW M5 Insurance Loss Probability

Another contributing factor that affects BMW M5 car insurance rates is the loss probability for each type of coverage.

Insurance Coverage Category Loss Rate
Collision 184%
Property Damage -6%
Comprehensive 273%
Personal Injury no data
Medical Payment no data
Bodily Injury no data
Source: Insurance Institute for Highway Safety
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BMW M5 Finance and Insurance Cost

If you are financing a BMW M5, you will pay more if you purchase BMW M5 car insurance at the dealership, so be sure to shop around and compare BMW M5 car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on BMW M5 Insurance

Save more on your BMW M5 car insurance rates. Take a look at the following five strategies that will get you the best BMW M5 auto insurance rates possible.

  • Take Public Transit Instead of Driving Your BMW M5
  • Remove Young Drivers from Your BMW M5 Insurance When They Move Out or Go to School
  • Move to the Countryside
  • Tell Your Insurer About Different Drivers or Uses for Your BMW M5
  • Ask About Mature Driver Discounts for Drivers Over 50

Top BMW M5 Insurance Companies

The best auto insurance companies for BMW M5 car insurance rates will offer competitive rates, discounts, and account for the BMW M5’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free BMW M5 Insurance Quotes Online

You can start comparing quotes for BMW M5 car insurance rates from some of the best car insurance companies by using our free online tool now.

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Enter your ZIP code below to view companies that have cheap car insurance rates.

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