BMW M5 Car Insurance Cost 2025
Getting insurance for a BMW M5 costs an average of $4,607 per year. However, the exact cost may vary depending on several factors such as your age, the model year of your car, your driving history, and other considerations. To get a more accurate estimate tailored to your specific situation, you can use the quote tables below to compare prices from various insurance providers.
We’ve saved shoppers an average of $600 per year on their car insurance.
If you’re thinking about buying a BMW M5, you’ll need to consider the insurance costs as well. Insurance is a crucial aspect of owning a car, and it’s essential to understand the implications before making a purchase. On average, insurance for a BMW M5 costs $4,607 per year.
Choosing the right insurance policy is important to avoid unexpected and potentially high expenses in the future. It’s crucial to have adequate coverage in case of an accident, as insufficient coverage can lead to significant out-of-pocket costs. Additionally, if you’re found at fault in an accident, your premiums could increase.
With my experience analyzing car insurance rates for over a decade, I’ve observed how much these costs can vary. Factors such as your age, driving history, and location play a significant role in determining insurance premiums.
How Much Does A BMW M5 Car Insurance Cost?
Typically, BMW M5 drivers can find car insurance at an average rate of $4,607 per year.
It’s crucial to recognize that the cost of car insurance can vary significantly due to several factors. These factors include your location, driving history, the model year of your car, and the specific coverage options you select. Maintaining a clean driving record can result in lower premiums, while a history of accidents or traffic violations may lead to higher costs.
Moreover, residing in an urban area with heavy traffic might result in higher insurance rates compared to rural areas with less traffic. Additionally, the type of coverage you opt for will impact your premium – comprehensive insurance, covering both comprehensive and collision, generally costs more than minimum liability coverage.
As you can see from the table below, the cost of insurance for a BMW M5 is more expensive compared to the average cost of all BMW models. However, it is also more expensive than the average cost for all cars.
Insuranceopedia is available to assist you in comparing quotes from various auto insurance companies, ensuring you find the best deal for your needs.
| Vehicle | Average Monthly Premium |
| BMW M5 | $304 |
| All BMWs | $206 |
| All Cars | $175 |
Average Insurance Cost Of BMW M5 By Model Year
| Model Year | Average Premium |
| 2023 BMW M5 | $10,646 |
| 2022 BMW M5 | $3,246 |
| 2021 BMW M5 | $1,697 |
| 2020 BMW M5 | $10,634 |
| 2019 BMW M5 | $3,210 |
| 2018 BMW M5 | $1,603 |
| 2016 BMW M5 | $1,784 |
| 2015 BMW M5 | $1,573 |
| 2014 BMW M5 | $1,959 |
| 2013 BMW M5 | $1,612 |
| 2012 BMW M5 | $2,656 |
| 2011 BMW M5 | $3,072 |
2023 BMW M5 Insurance Rates
The average annual insurance cost for a 2023 BMW M5 is $10,646. However, Nationwide offers the cheapest rates, averaging $4,022 per year.
| Insurance Provider | Average Annual Cost |
| Erie | $6,977 |
| Travelers | $4,446 |
| Hanover | $15,769 |
| Allstate | $15,058 |
| Chubb | $12,959 |
| Esurance | $15,670 |
| State Farm | $6,130 |
| Unitrin | $14,944 |
| Nationwide | $4,022 |
| USAA | $10,485 |
2022 BMW M5 Insurance Rates
The average annual insurance cost for a 2022 BMW M5 is $3,246. However, SECURA Insurance offers the cheapest rates, averaging $1,673 per year.
| Insurance Provider | Average Annual Cost |
| Safeco | $3,522 |
| California Capital | $3,540 |
| SECURA Insurance | $1,673 |
| Farm Bureau Ins of MI | $2,342 |
| Auto-Owners Insurance Co | $4,621 |
| Pioneer State Mutual Ins Co | $3,520 |
| Liberty Mutual | $3,610 |
| Hastings Mutual Insurance Co | $2,513 |
| National General | $3,496 |
| Chubb | $3,625 |
2021 BMW M5 Insurance Rates
The average annual insurance cost for a 2021 BMW M5 is $1,697. However, Plymouth Rock Assurance offers the cheapest rates, averaging $889 per year.
| Insurance Provider | Average Annual Cost |
| Plymouth Rock Assurance | $889 |
| Norfolk and Dedham Group | $1,983 |
| Mercury Insurance Company | $1,804 |
| Penn National | $1,292 |
| Travelers | $2,443 |
| National General | $1,065 |
| Hastings Mutual Insurance Co | $2,400 |
| Erie | $2,384 |
| Texas Farm Bureau Group | $1,549 |
| Virginia Farm Bureau | $1,160 |
2020 BMW M5 Insurance Rates
The average annual insurance cost for a 2020 BMW M5 is $10,634. However, Nationwide offers the cheapest rates, averaging $4,083 per year.
| Insurance Provider | Average Annual Cost |
| Travelers | $4,423 |
| State Farm | $6,145 |
| Erie | $6,982 |
| Nationwide | $4,083 |
| Allstate | $15,044 |
| Chubb | $12,945 |
| USAA | $10,433 |
| Esurance | $15,667 |
| Hanover | $15,729 |
| Unitrin | $14,892 |
2019 BMW M5 Insurance Rates
The average annual insurance cost for a 2019 BMW M5 is $3,210. However, Virginia Farm Bureau offers the cheapest rates, averaging $1,158 per year.
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,347 |
| Allied | $3,554 |
| Auto-Owners Insurance Co | $4,716 |
| California Capital | $2,873 |
| Travelers | $3,578 |
| Hartford | $4,822 |
| Virginia Farm Bureau | $1,158 |
| Mercury | $4,126 |
| Penn National | $1,639 |
| Dairyland Auto | $4,285 |
2018 BMW M5 Insurance Rates
The average annual insurance cost for a 2018 BMW M5 is $1,603. However, Virginia Farm Bureau offers the cheapest rates, averaging $787 per year.
| Insurance Provider | Average Annual Cost |
| Norfolk and Dedham Group | $1,693 |
| Auto-Owners Insurance Co | $1,976 |
| Virginia Farm Bureau | $787 |
| Direct Auto | $1,792 |
| Safety Group | $1,965 |
| Plymouth Rock Assurance | $1,501 |
| Penn National | $1,255 |
| New Jersey Manufacturers | $2,112 |
| Mercury Insurance | $1,416 |
| National General | $1,529 |
2016 BMW M5 Insurance Rates
The average annual insurance cost for a 2016 BMW M5 is $1,784. However, Buckeye Insurance Group offers the cheapest rates, averaging $880 per year.
| Insurance Provider | Average Annual Cost |
| Cincinnati Insurance | $1,661 |
| American Family | $1,785 |
| Ohio Mutual Ins Group | $2,390 |
| Hastings Mutual Insurance Co | $939 |
| Frankenmuth Mutual | $2,081 |
| Western Reserve | $1,828 |
| Celina Insurance Group | $2,161 |
| Buckeye Insurance Group | $880 |
| Farmers | $2,327 |
| Westfield | $1,792 |
2015 BMW M5 Insurance Rates
The average annual insurance cost for a 2015 BMW M5 is $1,573. However, Buckeye Insurance Group offers the cheapest rates, averaging $893 per year.
| Insurance Provider | Average Annual Cost |
| Central Mutual Insurance Co | $1,463 |
| American Family | $1,791 |
| California Capital | $1,936 |
| Western Reserve | $1,876 |
| Erie | $1,559 |
| Cincinnati Insurance | $1,704 |
| Esurance | $1,921 |
| SECURA Insurance | $1,090 |
| Hastings Mutual Insurance Co | $1,492 |
| Buckeye Insurance Group | $893 |
2014 BMW M5 Insurance Rates
The average annual insurance cost for a 2014 BMW M5 is $1,959. However, Capital Insurance Group offers the cheapest rates, averaging $1,204 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $2,737 |
| Mutual Of Enumclaw | $1,736 |
| Country | $1,261 |
| Oregon Mutual | $1,483 |
| Hartford | $2,672 |
| Allied | $1,931 |
| Capital Insurance Group | $1,204 |
| American Family | $2,437 |
| Travelers | $2,136 |
| California Capital | $1,988 |
2013 BMW M5 Insurance Rates
The average annual insurance cost for a 2013 BMW M5 is $1,612. However, American National P offers the cheapest rates, averaging $990 per year.
| Insurance Provider | Average Annual Cost |
| Safeco | $1,063 |
| Texas Farm Bureau Group | $1,521 |
| GMAC Insurance Group | $1,762 |
| American National P | $990 |
| Southern Farm Bureau | $1,662 |
| American Family | $2,038 |
| SafeAuto | $1,641 |
| Republic Indemnity | $2,611 |
| Country | $1,458 |
| North Carolina Farm Bureau | $1,369 |
2012 BMW M5 Insurance Rates
The average annual insurance cost for a 2012 BMW M5 is $2,656. However, Tennessee Farmers offers the cheapest rates, averaging $844 per year.
| Insurance Provider | Average Annual Cost |
| Bristol West | $4,026 |
| Tennessee Farmers | $844 |
| Mercury | $1,408 |
| Metropolitan | $2,003 |
| National Farmers Union P | $5,243 |
| Farmers | $5,933 |
| Nationwide | $1,069 |
| Allstate | $2,062 |
| Encompass | $1,320 |
2011 BMW M5 Insurance Rates
The average annual insurance cost for a 2011 BMW M5 is $3,072. However, Texas Farm Bureau Group offers the cheapest rates, averaging $951 per year.
| Insurance Provider | Average Annual Cost |
| Texas Farm Bureau Group | $951 |
| Mississippi Farm Bureau | $1,826 |
| USAA | $2,699 |
| State Farm | $2,848 |
| Republic Indemnity | $2,997 |
| Chubb | $3,512 |
| Mercury | $3,534 |
| SAFECO | $3,668 |
| Direct General Insurance | $4,134 |
| Esurance | $4,546 |
Find Affordable BMW M5 Insurance Rates
Is A BMW M5 Expensive To Insure?
The cost to insure a BMW M5 is higher than the overall average for all cars. However, the exact amount you’ll pay for car insurance depends on several factors, including your age, driving history, the model year of your car, your location, and the type of coverage you choose.
Cost of BMW M5 Car Insurance By Age
Age is a key factor in determining insurance rates for any vehicle. Teenagers generally face the highest premiums because they are statistically more likely to be involved in accidents compared to older drivers. As drivers age and gain more experience, they typically become less of a risk in the eyes of insurers, leading to lower premiums. For most drivers, premiums continue to decrease into their 20s and 30s, leveling off as they reach their 40s and 50s. However, premiums can increase again for drivers over 65, as older drivers may face more health-related risks.
| Driver Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $16,853 | $24,701 | $28,910 |
| 18 | $15,683 | $23,024 | $26,951 |
| 19 | $13,802 | $20,358 | $23,837 |
| 20 | $12,041 | $17,710 | $20,754 |
| 21 | $10,112 | $14,835 | $17,381 |
| 22 | $9,899 | $14,513 | $16,932 |
| 23 | $8,635 | $12,679 | $14,856 |
| 24 | $8,150 | $12,066 | $14,046 |
| 25 | $7,082 | $10,403 | $12,201 |
| 30 | $5,496 | $8,057 | $9,496 |
| 35 | $5,176 | $7,604 | $8,820 |
| 40 | $4,971 | $7,337 | $8,510 |
| 45 | $4,795 | $7,088 | $8,255 |
| 55 | $4,475 | $6,488 | $7,593 |
| 65 | $4,577 | $6,739 | $7,910 |
| 75 | $5,822 | $8,534 | $9,981 |
BMW M5 Car Insurance Rates By State
Where you live significantly impacts your car insurance rates, as each state has different regulations, risks, and climate factors that affect premiums. For instance, Michigan is known for having higher premiums due to its required higher coverage limits. Climate also plays a role—states prone to extreme weather, such as hurricanes, floods, or storms, may have higher rates due to the increased risk of damage to vehicles.
Additionally, local crime rates, particularly car thefts, as well as accident statistics like crash rates and vehicle fatalities, influence insurance rates. Areas with higher accident rates or a history of frequent car thefts can lead to higher premiums, as insurers factor in the increased likelihood of claims in those locations. Insurance companies use these local risk factors to calculate your specific BMW M5 insurance rate.
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $5,283 | $7,616 | $9,701 |
| Alaska | $4,359 | $6,064 | $5,885 |
| Arizona | $4,909 | $7,103 | $10,481 |
| Arkansas | $5,411 | $8,459 | $9,315 |
| California | $5,979 | $10,619 | $6,037 |
| Colorado | $5,628 | $7,792 | $9,968 |
| Connecticut | $7,191 | $11,089 | $14,115 |
| Delaware | $5,910 | $7,903 | $10,098 |
| Florida | $7,049 | $9,720 | $12,701 |
| Georgia | $5,749 | $8,619 | $8,685 |
| Hawaii | $2,320 | $3,127 | $2,295 |
| Idaho | $4,010 | $5,249 | $6,425 |
| Illinois | $4,207 | $6,307 | $7,153 |
| Indiana | $4,246 | $6,578 | $7,364 |
| Iowa | $3,392 | $4,623 | $5,505 |
| Kansas | $4,519 | $6,593 | $7,699 |
| Kentucky | $6,534 | $9,570 | $11,335 |
| Louisiana | $8,420 | $12,683 | $13,709 |
| Maine | $3,173 | $4,359 | $6,449 |
| Maryland | $5,171 | $7,510 | $8,294 |
| Massachusetts | $4,167 | $7,200 | $4,145 |
| Michigan | $9,969 | $15,151 | $23,914 |
| Minnesota | $4,098 | $5,451 | $7,641 |
| Mississippi | $4,948 | $7,006 | $7,101 |
| Missouri | $4,703 | $6,659 | $8,742 |
| Montana | $4,714 | $6,614 | $7,639 |
| Nebraska | $3,983 | $5,886 | $6,423 |
| Nevada | $6,611 | $9,801 | $10,328 |
| New Hampshire | $4,588 | $7,298 | $9,133 |
| New Jersey | $5,077 | $7,920 | $10,371 |
| New Mexico | $5,149 | $7,684 | $7,978 |
| New York | $4,740 | $6,035 | $10,023 |
| North Carolina | $2,996 | $5,141 | $3,633 |
| North Dakota | $4,042 | $6,141 | $7,313 |
| Ohio | $3,631 | $5,532 | $5,714 |
| Oklahoma | $5,823 | $8,278 | $9,283 |
| Oregon | $5,230 | $7,086 | $8,429 |
| Pennsylvania | $4,460 | $6,515 | $7,619 |
| Rhode Island | $7,368 | $10,846 | $12,227 |
| South Carolina | $5,020 | $6,982 | $9,639 |
| South Dakota | $4,494 | $6,511 | $7,524 |
| Tennessee | $5,346 | $7,813 | $10,393 |
| Texas | $5,311 | $7,688 | $9,568 |
| Utah | $4,530 | $6,366 | $8,798 |
| Vermont | $3,464 | $5,333 | $5,665 |
| Virginia | $3,293 | $5,079 | $4,994 |
| Washington | $4,332 | $5,875 | $7,107 |
| West Virginia | $4,425 | $6,282 | $7,910 |
| Wisconsin | $4,384 | $6,785 | $7,761 |
| Wyoming | $4,054 | $5,697 | $6,038 |
Find Affordable BMW M5 Insurance Rates
Cheapest Car Insurance Companies For A BMW M5
If you’re in the market for a new car insurance policy for your BMW M5, finding the most affordable provider is likely a top priority. MetroMile offers an average premium of $30 per month, making them the cheapest option for BMW M5 drivers. However, it’s essential to remember that rates can vary based on individual driver profiles. To find the best rates tailored to your needs, it’s always a good idea to shop around and compare quotes from multiple insurance providers.
| Company | Average Monthly Rate |
| MetroMile | $30 |
| Foremost | $57 |
| Elephant | $48 |
| Mercury | $59 |
| SafeAuto | $54 |
Common BMW M5 Insurance Discounts
Discounts offer an excellent opportunity to reduce your car insurance costs. Many insurance providers offer a variety of discounts, some of the most common include:
Multi-policy discounts for bundling your home and auto insurance with the same provider, which can lead to significant savings. Pay annually discounts for paying your premium upfront in a single payment instead of monthly installments. Defensive driving discounts for completing certified defensive driving courses, which demonstrate safer driving habits.
There may be additional discounts available depending on your insurer and circumstances. It’s a good idea to consult with your insurance agent, who can help identify and apply discounts you qualify for, ensuring you get the best possible rate.
Ways To Save On BMW M5 Insurance Costs
Maintaining a clean driving record is one of the most effective ways to reduce BMW M5 insurance premiums. A single speeding ticket can increase your rates, with drivers paying about $62 per month, while multiple accidents can elevate premiums to an average of $187 per month. Avoiding these incidents helps keep costs low.
Driving less can also lead to savings. BMW M5 drivers who log between 5,000 and 7,500 miles annually may pay around $93 per month, whereas those exceeding 10,000 miles annually face higher premiums, averaging $105 per month. Limiting mileage and maintaining a safe driving history are key to minimizing insurance costs.
Compare BMW M5 To Other BMW Models
Looking for other BMW model insurance costs?
- BMW i8 Car Insurance
- BMW X1 Car Insurance
- BMW i3 Car Insurance
- BMW X3 Car Insurance
- BMW X5 Car Insurance
- BMW X7 Car Insurance
- BMW Z4 Car Insurance
- BMW X6 Car Insurance
- BMW X2 Car Insurance
- BMW228xi Car Insurance
- BMW 230i Car Insurance
- BMW230xi Car Insurance
- BMW 330i Car Insurance
- BMW 330xi Car Insurance
- BMW 430i Car Insurance
- BMW 430xi Car Insurance
- BMW 440xi Car Insurance
- BMW 530e Car Insurance
- BMW 530xe Car Insurance
- BMW 540 Car Insurance
- BMW 540xd Car Insurance
- BMW 640 Car Insurance
- BMW 650 Car Insurance
- BMW 7 Series 740 Car Insurance
- BMW 7 Series 745xe Car Insurance
- BMW 7 Series 750 Car Insurance
- BMW 8 Series 840i Car Insurance
- BMW 8 Series 840xi Car Insurance
- BMW Alpina B6 Car Insurance
- BMW Alpina B7 Car Insurance
- BMW M2 Car Insurance
- BMW M4 Car Insurance
- BMW M6 Car Insurance
- BMW M8 Car Insurance
- BMW X4 Car Insurance
Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The sample profile used for these calculations represents a 40-year-old male driver purchasing full-coverage car insurance with the following limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. It’s important to note that these figures are averages and may not reflect your personal insurance rates. Individual premiums can vary significantly based on factors such as location, driving history, vehicle model, and selected coverage options.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A BMW M5?
You’ll need to show proof of insurance before driving your BMW M5 off the dealership lot. It’s a good idea to purchase a policy ahead of time and inform your insurance provider about your plans to buy the car, rather than relying on insurance offered by the dealership.
How Can You Get The Cheapest Insurance For Your BMW M5?
To secure the lowest rates for your BMW M5, it’s essential to shop around and compare quotes from various auto insurance companies. Luckily, Insuranceopedia makes this easy by letting you compare quotes from multiple providers directly on their website.
