Compare BMW M5 Insurance Quotes [List of Money Saving Tips]
Average BMW M5 auto insurance rates 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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Written by
Sara Routhier
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Reviewed by
Cynthia Lanctot
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UPDATED: Oct 27, 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
Finding the right BMW M5 insurance rates doesn’t have to be like winning the lottery. You’ve already stumbled upon a wealth of information related to BMW M5 auto insurance rates, average costs, and age differences, and different BMW M5 auto insurance policy factors. We cover everything you need to know about BMW M5 insurance quotes, but we also provide an easy-to-use car insurance comparison tool to compare BMW M5 car insurance quotes in a matter of minutes.
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 car insurance costs for a BMW M5 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 Acura TLX, Cadillac CT6, and Jaguar XF.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Acura TLX | $332 | $686 | $398 | $1,574 |
| Cadillac CT6 | $382 | $774 | $398 | $1,712 |
| Jaguar XF | $406 | $804 | $398 | $1,766 |
| Lexus GS 300 | $344 | $656 | $338 | $1,474 |
| Audi A6 | $382 | $744 | $398 | $1,682 |
| BMW M3 | $406 | $804 | $398 | $1,766 |
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 car insurance coverage.
Age of the Vehicle
Older BMW M5 models generally cost less to insure. For example, car 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 BMW M5 auto insurance rates. For example, 20-year-old drivers pay approximately $2,344 more 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 Los Angeles may pay $1,053 a year more than drivers in Phoenix.
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:
| Test Type | Rating |
| Small overlap front: driver-side | N/R |
|---|---|
| Small overlap front: passenger-side | N/R |
| Moderate overlap front | N/R |
| Side | N/R |
| Roof strength | N/R |
| Head restraints and seats | N/R |
| N/R = No Rating | Source: Insurance Institute for Highway Safety | |
BMW M5 Crash Test Ratings
Poor BMW M5 crash test ratings could mean higher BMW M5 car 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 | ||||
|---|---|---|---|---|
BMW M5 Safety Features
The BMW M5 safety features can help lower insurance costs. According to AutoBlog, the 2020 BMW M5 has the following safety features:
- 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 1stand 2nd 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 car insurance costs; higher percentages mean higher BMW M5 car insurance costs. Compare the following BMW M5 auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.
| 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
Although it may seem like your BMW M5 car insurance rates are set, there are a few measures that you can take to secure the best BMW M5 car insurance rates possible. Take a look at the following five ways to save on BMW M5 auto insurance.
- Pay Your BMW M5 Insurance Upfront
- Tell Your Insurer About Different Drivers or Uses for Your BMW M5
- Ask About Loyalty Discounts
- Avoid the Temptation to File a Claim for Minor Incidents
- Renew Your BMW M5 Insurance Coverage to Avoid Lapses
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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