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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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Jul 16, 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

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
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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 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
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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
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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
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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
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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 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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Compare Free BMW M5 Insurance Quotes Online

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

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