Best BMW M5 Car Insurance Quotes (2024)
The average BMW M5 insurance rates are $160/mo for full coverage, but you can find the lowest BMW M5 insurance quotes by comparison shopping online. The age of your BMW will impact your insurance costs, and you could pay much less for 2006 BMW M5 insurance costs than a newer model. Use our free comparison tool to find affordable BMW M5 insurance coverage in your city.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many different insurance providers, which gives him unique insight into the insurance market...
Commercial Lines Coverage Specialist
UPDATED: May 10, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: May 10, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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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 yearly than the average vehicle. Full coverage will set you back around $1,916 a year or $160 a month, but good drivers are eligible or up to $790 in policy discounts for being safe and courteous on the road. Let’s dig into BMW M5 auto insurance rates, insurance loss rates, and more. This guide will tell you everything you need to know about car insurance for a BMW M5.
You can compare car insurance quotes for BMW M5 car insurance rates from some of the best car insurance companies by using our free online tool now.
Table of Contents
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 Chevrolet Corvette, Cadillac CTS-V, and Audi S6.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| Cadillac CTS-V | $406 | $804 | $338 | $1,684 |
| Audi S6 | $444 | $894 | $398 | $1,894 |
| Porsche Panamera | $520 | $1,042 | $398 | $2,118 |
| BMW M3 | $406 | $804 | $398 | $1,766 |
| Audi S8 | $658 | $1,368 | $398 | $2,582 |
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 |
Driver Age
Driver age can have a significant impact on the cost of BMW M5 auto insurance. For example, 20-year-old drivers pay approximately $2,344 each year for their BMW M5 auto insurance than 30-year-old drivers.
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 auto insurance. Teens and drivers in their 20’s see the highest jump in their BMW M5 auto insurance rates with violations on their driving record.
BMW M5 Safety Ratings
Your BMW M5 car insurance rates are tied to the safety ratings of the BMW M5. See the breakdown below:
BMW M5 Crash Test Ratings
BMW M5 crash test ratings can impact the cost of your BMW M5 car insurance. 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 | ||||
|---|---|---|---|---|
BMW M5 Safety Features
Good BMW M5 safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 BMW M5 are:
- 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 first and second-row airbags
- Airbag occupancy sensor
- Rear child safety locks
- Outboard front lap and shoulder safety belts
- Back-up camera
BMW M5 Insurance Loss Probability
The lower percentage means lower BMW M5 auto insurance rates; higher percentages mean higher BMW M5 car insurance rates. The BMW M5’s insurance loss probability varies for each form 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 | |
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 car insurance rates from the best companies using our FREE tool below.
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Ways to Save on BMW M5 Insurance
You have more options at your disposal to save money on your BMW M5 car insurance costs. For example, try these five tips:
- Consider Using a Tracking Device on Your BMW M5
- Ask About Student Discounts
- If You’re a Young Driver Living at Home, Add Yourself to Your Parents’ Plan
- Consider Ride Sharing Services to Lower Your BMW M5 Mileage
- Pay Your BMW M5 Insurance Upfront
Top BMW M5 Insurance Companies
Who is the top car insurance company for BMW M5 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW M5 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the BMW M5 offers.
| 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 | |||
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.
Frequently Asked Questions
What is BMW M5 car insurance?
BMW M5 car insurance is a type of insurance coverage that provides financial protection against damage or loss caused to the BMW M5 due to unexpected events such as accidents, theft, or natural disasters.
How much does BMW M5 car insurance cost?
The cost of BMW M5 car insurance varies depending on factors such as the driver’s age, driving record, location, coverage options, and deductibles. On average, the annual premium for BMW M5 car insurance is around $2,500 to $3,500.
What types of coverage options are available for BMW M5 car insurance?
The typical coverage options available for BMW M5 car insurance are liability coverage, collision coverage, comprehensive coverage, and personal injury protection. Additional coverage options such as roadside assistance, rental car reimbursement, and uninsured/underinsured motorist coverage may also be available.
What factors affect the cost of BMW M5 car insurance?
The cost of BMW M5 car insurance is affected by factors such as the driver’s age, driving record, location, credit score, coverage options, and deductibles. Other factors that may affect the cost include the BMW M5’s value, safety features, and the level of risk associated with the vehicle.
How can I get the best BMW M5 car insurance quotes?
To get the best BMW M5 car insurance quotes, it’s important to compare rates from multiple insurance providers. You can also consider increasing your deductibles, improving your credit score, or bundling your car insurance with other policies to get discounts. Additionally, maintaining a clean driving record and taking a defensive driving course may also help lower your insurance rates.
What should I do if I need to file a claim for my BMW M5 car insurance?
If you need to file a claim for your BMW M5 car insurance, you should contact your insurance provider as soon as possible. They will guide you through the process and ask for relevant information such as the details of the incident, the extent of the damage, and any injuries sustained. Be sure to follow the instructions provided by your insurance provider and provide accurate information to avoid any delays or complications.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many different insurance providers, which gives him unique insight into the insurance market...
Commercial Lines Coverage Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.