BMW M5 car insurance rates | finder.com
BMW M5 car insurance rates

BMW M5 insurance rates

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What to expect for insuring your BMW M5

According to our research, the average cost to insure a BMW M5 is around $272 a month, or $3,264 a year. This is just an average, however. Your premiums will vary based on your age, gender, driving record, miles driven per year and other factors.

To put this into perspective, the average 25-year-old driver in the US spends $198 a month on car insurance, or $2,374 a year. In New York, residents pay on average $98 a month, or $1,173 a year. Based on these numbers, insuring a BMW M5 is generally more costly than covering your average vehicle.

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Compare insurance providers that cover BMW M5

Most insurance providers across the country offer insurance for a BMW M5.

Name Product Roadside assistance New car protection Available states
Allstate
Included free
Yes, cars under 2 years old
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Liberty Mutual
Included free
Yes, cars under 1 year old & 15,000 miles
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
Root
Included free
No
AZ, AR, DE, IL, IN, IA, KY, LA, MD, MI, MS, MT, NM, ND, OH, OK, OR, PA, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 20 states.
Esurance
Optional
Yes, cars under 1 year old & 15,000 miles
All states except AK, DE, HI, MT, NH, VT, WY
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
Metromile
Optional
Yes, cars under 1 year old & 15,000 miles
CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in CA, IL, NJ, OR, PA, VA and WA.
USAA
Included free
No
All 50 states
USAA offers affordable car insurance with highly rated customer service to millions of military members and their families. Only available to military members, veterans and affiliated military members.

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How to compare insurance for your BMW M5

There are a few things to keep in mind when comparing your BMW M5 insurance coverage options with different providers.

  • Price. The cost of your premiums will vary depending on a number of factors, including the provider you choose, your deductible, your driving record and the amount of coverage you select.
  • Deductible. Choosing a higher deductible generally reduces the amount of your premium, 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 could be an issue 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 aren’t willing to provide coverage. 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 anti-theft devices and anti-lock brakes, your vehicle could be eligible for several safety discounts.
  • 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?

The cost of car insurance can be impacted by a number of factors, including:

  • Age of car. 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.
  • Type of engine. 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.

BMW M5 car insurance rates

ModelMonthly insurance rateBase car price
2 Series$238.00$33,150
3 Series$178.00$33,450
4 Series$238.00$41,950
5 Series$169.00$51,200
6 Series$160.00$77,600
7 Series$167.00$81,500
i3$181.00$46,250
i8$161.00$143,400
M2$238.00$52,500
M3$167.00$64,000
M4$159.00$66,200
M6$161.00$113,700
X1$179.00$33,750
X3$180.00$40,050
X4$238.00$45,550
X5$178.00$56,600
X6$173.00$62,500

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.

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.
  • Anti-theft. M5s come standard with anti-theft devices, which can net you a discount with most providers.
  • Anti-lock brakes. M5s come with anti-lock 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, you may receive a lower premium.

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.

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.

BMW M5 facts

The first BMW M5 was built by hand in 1986 with a modified engine that made it the fastest production sedan in the world.

The M5 was created to be a sedan sports car — one of the first of its kind. While it sports four doors and can comfortably carry a small family, this vehicle has high-performance engineering under the hood. The latest F90 M5 has four-wheel drive alongside a twin-turbo V8 engine.

While BMW is known for its line of high-performance vehicles, the M5 is one of this manufacturer’s few record holders. The BMW M5 currently holds the Guinness World Record for the longest continuous vehicle drift, spanning 232.5 miles in eight hours.

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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.

Compare BMW M5 competitors

Explore other car brands similar to BMW to see the full range of vehicle options available to you.

Frequently asked questions about BMW M5

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