Compare BMW M5 Insurance Quotes [Everything You Need to Know]

The average BMW M5 insurance rates are $160 per month, but you can compare BMW M5 insurance quotes online to find even cheaper rates. Your driving record and where you live all affect how much you pay for BMW M5 insurance coverage, so make sure you're using an accurate ZIP code and job description when comparing BMW M5 insurance costs online.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 30, 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 insurance rates are $400 more expensive than the average vehicle. You can pay up to $160 per month for full coverage, but high-risk drivers can pay up to $584 per month. Continue reading to learn how you can save money on BMW M5 insurance rates.

You can start comparing quotes for BMW M5 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 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 Lexus GS 300, Porsche Panamera, and Mercedes-Benz S450.

Vehicle Comprehensive Collision Liability Total
Lexus GS 300 $344 $656 $338 $1,474
Porsche Panamera $520 $1042 $398 $2,118
Mercedes-Benz S450 $494 $982 $398 $2,032
Lexus IS 350 $344 $686 $398 $1,586
Audi S8 $658 $1368 $398 $2,582
Audi A8 $464 $900 $390 $1,912
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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

Older BMW M5 models generally cost less to insure. For example, auto insurance rates for a 2016 BMW M5 are $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 impact on BMW M5 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 New York may pay $1,168 a year more than drivers in Seattle.

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 insurance rates with violations on their driving record.

BMW M5 Safety Ratings

Your BMW M5 auto insurance rates are influenced by the BMW M5’s safety ratings. 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 will affect your BMW M5 insurance rates.

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 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

The BMW M5’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the BMW M5, others are more favorable and lead to lower insurance rates.

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 insurance rates from the best companies using our FREE tool below.

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5 Ways to Save on BMW M5 Insurance

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

  • Get Cheaper BMW M5 Insurance Rates as a Full-Time Parent
  • Tell Your Insurer About Different Drivers or Uses for Your BMW M5
  • Install an Aftermarket Anti-Theft Device for Your BMW M5
  • Avoid the Temptation to File a Claim for Minor Incidents
  • Remove Young Drivers from Your BMW M5 Insurance Plan

Top BMW M5 Insurance Companies

Who is the top auto 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
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Compare Free BMW M5 Insurance Quotes Online

Start comparing BMW M5 insurance rates for free by using our convenient online comparison tool.

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