Are BMW M5s Expensive to Insure? [How to Find Low Rates Online]

Average auto insurance rates for a BMW M5 cost $1,916 a year, or around $160 a month. Teens pay the highest rates at up to $7,003 a year, while good drivers may only pay $1,126.

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 18, 2021

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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 insurance rates are $397 more expensive per year than the average vehicle, but you can save $790 per year by earning policy discounts. Continue reading to learn how you can save money on BMW M5 insurance rates.

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

BMW M5 Insurance Cost

The average BMW M5 auto insurance costs 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 Volvo S60, Mercedes-Benz S450, and Acura TLX.

Vehicle Comprehensive Collision Liability Total
Volvo S60 $332 $656 $398 $1,544
Mercedes-Benz S450 $494 $982 $398 $2,032
Acura TLX $332 $686 $398 $1,574
Jaguar XE $382 $774 $398 $1,712
Mercedes-Benz C300 $404 $718 $372 $1,652
Infiniti Q70 $370 $774 $338 $1,618
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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 auto insurance coverage.

Age of the Vehicle

The average BMW M5 auto insurance rates are higher for newer models. For example, auto insurance rates for a 2016 BMW M5 cost $1,916, while 2010 BMW M5 rates 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 effect on BMW M5 auto insurance rates. For example, 30-year-old drivers pay $84 more for BMW M5 auto insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on BMW M5 insurance rates. For example, drivers in Houston may pay $1,412 a year more than drivers in Columbus.

Your Driving Record

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

BMW M5 Safety Ratings

Your BMW M5 auto insurance rates are tied to the safety ratings of the BMW M5. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Not Tested
Small overlap front: passenger-side Not Tested
Moderate overlap front Not Tested
Side Not Tested
Roof strength Not Tested
Head restraints and seats Not Tested
Source: Insurance Institute for Highway Safety
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BMW M5 Crash Test Ratings

BMW M5 crash test ratings can impact your BMW M5 auto insurance rates. See BMW M5 crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 BMW M5 4 DR AWD N/R N/R N/R N/R
2019 BMW M5 4 DR RWD N/R N/R N/R N/R
2019 BMW M5 4 DR AWD N/R N/R N/R N/R
2016 BMW M5 4 DR RWD N/R N/R N/R N/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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BMW M5 Safety Features

Having a variety of safety features on your BMW M5 can help lower your insurance costs. According to AutoBlog, the 2020 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

The lower percentage means lower BMW M5 auto insurance rates; higher percentages mean higher BMW M5 auto insurance rates. Insurance loss probability on the BMW M5 fluctuates between 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, most lenders will require your carry higher BMW M5 coverage options including comprehensive coverage, so be sure to shop around and compare BMW M5 auto insurance rates from the best companies using our FREE tool below.

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Ways to Save on BMW M5 Insurance

Although it may seem like your BMW M5 auto insurance rates are set, there are a few measures that you can take to secure the best BMW M5 auto insurance rates possible. Take a look at the following five ways to save on BMW M5 auto insurance.

  • Get a Plan with Only Liability Coverage If You’re Driving an Older BMW M5
  • Ask About Discounts for People with Disabilities
  • Be Picky About Who Drives Your BMW M5
  • Purchase a Roadside Assistance Program for Your BMW M5
  • Choose Automatic Payments or EFT for Your BMW M5 Insurance Policy

Top BMW M5 Insurance Companies

The best auto insurance companies for BMW M5 auto insurance rates will offer competitive rates, discounts, and account for the BMW M5’s safety features. The following list of auto 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 auto insurance rates from some of the best auto insurance companies by using our free online tool now.

Free Auto Insurance Comparison

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

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