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Compare BMW M5 Insurance Rates [How to Find Low Rates Online]

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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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Aug 23, 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 $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.

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.

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

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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.

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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