BMW M5 Car Insurance Cost
To insure a BMW M5, it typically costs about $4,022 per year with Nationwide. However, these expenses vary based on factors such as age, car model year, and more. You can use our quote tables below to get an accurate estimate tailored to your circumstances.
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.
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 BMW M5 Car Insurance Cost?
Typically, Nationwide provides the most attractive option with an average yearly rate of $4,022 for comprehensive insurance coverage on a 2023 BMW M5.
While Nationwide’s pricing serves as a useful reference, it’s essential to recognize that car insurance expenses can fluctuate significantly due to various factors. These factors encompass your geographical location, driving record, the age of your vehicle, and the specific coverage options you select. Maintaining a clean driving history can result in lower premiums, whereas past accidents or traffic violations might raise your costs.
Moreover, residing in urban areas with heavy traffic often translates to higher insurance rates compared to rural regions with less congestion. Your choice of coverage also influences your premium; comprehensive insurance, which includes both comprehensive and collision coverage, typically costs more than minimum liability coverage.
Insuranceopedia aims to assist you in exploring different insurance providers and comparing quotes to ensure you secure the most favorable deal.
2023 BMW M5 Insurance Rates
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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 |
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Cost of BMW M5 Car Insurance By Age
| 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
| 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 |
Compare BMW M5 To Other BMW Models
Looking for other BMW model insurance costs?
- BMW i8 Car Insurance
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Our Methodology
To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.
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