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BMW M5 insurance rates

Average BMW M5 insurance cost? $346. But style doesn’t have to mean high rates — see sample quotes.

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We pulled BMW M5 car insurance quotes from top insurance companies to find that the average monthly cost to insure a 2021 BMW M5 is $346.10. However, an older model may score you lower rates.

Model YearProgressiveGeicoState FarmFarmersAverage
2013 BMW M5$187.75$197.92$289.10$239.77$228.64
2016 BMW M5$211.76$231.32$328.57$299.83$267.87
2021 BMW M5$370.46$258.84$416.98$338.13$346.10

How we got these rates

Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

Your rates differ based on details such as your ZIP, location, job type, annual mileage and more.

Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
Allstate
Yes
Yes
Drivewise
Yes
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
Progressive
loan/lease coverage
Yes
Snapshot
Yes
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
The AARP Auto Insurance Program from the Hartford
Yes
Yes
TrueLane®
No
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Root
No
Yes
Telematics only
Yes
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
Assurance
Yes
Yes
No
Yes
All states except AK & HI
This broker shines with over 600 positive customer reviews, more top ratings than any broker we've compared.
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How to compare insurance for your BMW M5

Keep these things in mind when comparing your BMW M5 insurance coverage options with different providers. Most insurance providers across the country offer insurance for a BMW M5.

  • Price. Getting cheaper car insurance will vary depending on several factors, including the provider you choose, your deductible, your driving record and the amount of coverage you select.
  • Deductible. Your car insurance deductible generally reduces your premium amount, but this comes at a higher cost to you should you need to file a claim. You’ll need to cover any damages or medical expenses out of pocket until you reach your deductible.
  • Minimum coverage. Most states require a minimum amount of insurance coverage, so you’ll want to make sure your policy meets its requirements.
  • Added coverage. Consider a cushion of added collision coverage. BMW parts don’t come cheap, and repairs to a damaged M5 could be expensive. Comprehensive coverage might also be a good idea if you live in a city where theft is common or where hurricanes and tornadoes are a concern.
  • Restrictions. Most insurance providers are happy to cover a BMW M5, but you may encounter a provider or two that won’t cover you. The M5 is considered to be a sports car, and some insurance providers are deterred by the power and hazard of V-8 and V-10 engines.
  • Discounts. With antitheft devices and antilock brakes, several safety discounts are available if you’re eligible.
  • Warranty. BMW offers a new vehicle warranty on all of its vehicles during the first four years or 50,000 miles. This warranty isn’t comprehensive, so check with your local BMW dealership for more information on what’s covered.

What factors affect car insurance for a BMW M5?

Car insurance costs can be affected by a number of factors, including:

  • Vehicle age. Generally speaking, the newer your M5, the more expensive it is to insure. But keep in mind that some of this expense can be mitigated by discounts from newer safety features.
  • Engine type. The BMW 5-series vehicles are available with four-, six- or eight-cylinder engines with options for diesel and integrated electric motors. Generally, the more power your engine has, the more likely you’ll see an increase in rates.
  • Type of tires. While BMW recommends the standard 20-inch tires on its M5, you can opt for 19-inch tires, which could increase the risk of suspension damage when driving over uneven road surfaces, thus resulting in a higher premium.
  • Add-ons. BMW offers a number of packaged upgrades available for the M5, including upgraded trim, upholstery, luxury seating and dynamic handling packages. While these upgrades add to the comfort of your M5’s interior, they also add to the car’s value, potentially driving the cost of your insurance higher.

Driver factors

A lot more than the value and outfit of your vehicle can affect the size of your insurance premiums. Providers also factor in your:

  • Driving history.
  • Age.
  • Gender.
  • Marital status.
  • State of residence.
  • Claims history.
  • Credit score.

Compare your car insurance options with multiple providers to find the most competitive rate.

Compare the M5’s insurance factors to similar cars

You’ll pay a pretty penny to insure a BMW M5, even compared to other luxury cars. One reason is that the M5 boasts an abundance of horsepower that risks causing more damage in an accident than most sedans. Plus, insurers will pay more to replace an M5 due to its six-figure price tag.

Models similar to BMW M5Monthly insurance costCar valueSafety rating by NHTSATheft rate
BMW M5$346.10$105,495Not rated1.09
BMW M3$270.09$70,895Not rated0.28
Lexus GS F$86,035Not rated0.88
Mercedes-Benz C-Class$231.54$42,6505-star1.23
Subaru WRX$198.65$28,4205-star

We found 2021 car values from Car and Driver’s car model reviews. We also found safety ratings and theft rates from the National Highway Traffic Safety Administration (NHTSA). However, the NHTSA doesn’t rate every model or model year for safety and number of thefts.

Does the BMW M5 qualify for discounts?

Insurance providers offers premium discounts for a vehicle equipped with safety features. Here are some of the discounts your BMW M5 may qualify for.

  • New vehicle. If your M5 is new or was purchased within the last three years, it may qualify for a new vehicle discount.
  • Antitheft. Your M5s’s standard antitheft devices could net you a discount with most providers.
  • Antilock brakes. M5s come with antilock brake systems and driveline traction control, which help you qualify for a premium discount with many providers.
  • Airbags. With airbag occupancy sensors and dual stage driver and passenger mounted airbags, the BMW M5 is well equipped to qualify for this safety discount.
  • Lane departure warnings. Not all cars sport this high-tech feature, but if your M5 is equipped to deliver lane departure warnings, lower premiums are possible.

Reliability and safety ratings for the BMW M5

Overall, the BMW M5 is a reliable vehicle you can trust in many different weather and road conditions. Its powerful engine coupled with its sleek electronic safety systems help keep you and your passengers safe and comfortable.

That said, online reviews of this make and model indicate that if you’re going to run into mechanical problems with your M5, it will likely be an issue with the throttle actuator, the oil pump or an electronics failure. In 2019 BMW recalled specific 2019-2020 M5 models for faulty transmission wiring harnesses.

While M5s run smoothly much of the time, a mechanical fix is likely to be an expensive one, as BMW parts don’t come cheap. Many M5 owners suggest purchasing the extended warranty for this vehicle, as it’s an investment that you may thank yourself for in the long run.

Bottom line

The BMW M5 isn’t the cheapest car to insure on the market. Even though it’s a four-door sedan, providers are wary of its powerful engine and sizable helping of horsepower. However, sleek safety features like departure alerts and anti-theft devices may help lower the cost of your premiums.

Overall, the M5 is more expensive to insure, maintain and repair than your average vehicle. Shop around with insurance providers to find a competitive rate that fits your budget and your insurance needs.

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