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BMW M5 insurance rates are $397 more expensive per year than the average vehicle, but you can save $790 per year by earning policy discounts. Continue reading to learn how you can save money on BMW M5 insurance rates.
You can start comparing quotes for BMW M5 auto insurance rates from some of the best auto insurance companies by using our free online tool now.
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The average BMW M5 auto insurance costs are $1,916 a year or $160 a month.
The chart below details how BMW M5 insurance rates compare to other luxury cars like the Volvo S60, Mercedes-Benz S450, and Acura TLX.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Volvo S60 | $332 | $656 | $398 | $1,544 |
| Mercedes-Benz S450 | $494 | $982 | $398 | $2,032 |
| Acura TLX | $332 | $686 | $398 | $1,574 |
| Jaguar XE | $382 | $774 | $398 | $1,712 |
| Mercedes-Benz C300 | $404 | $718 | $372 | $1,652 |
| Infiniti Q70 | $370 | $774 | $338 | $1,618 |
However, there are a few things you can do to find the cheapest BMW insurance rates online.
The BMW M5 trim and model you choose can impact the total price you will pay for BMW M5 auto insurance coverage.
The average BMW M5 auto insurance rates are higher for newer models. For example, auto insurance rates for a 2016 BMW M5 cost $1,916, while 2010 BMW M5 rates 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 |
Driver age can have a significant effect on BMW M5 auto insurance rates. For example, 30-year-old drivers pay $84 more for BMW M5 auto insurance than 40-year-old drivers.
Where you live can have a large impact on BMW M5 insurance rates. For example, drivers in Houston may pay $1,412 a year more than drivers in Columbus.
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 with violations on their driving record.
Your BMW M5 auto insurance rates are tied to the safety ratings of the BMW M5. See the breakdown below:
| Test Type | Rating |
| Small overlap front: driver-side | Not Tested |
|---|---|
| Small overlap front: passenger-side | Not Tested |
| Moderate overlap front | Not Tested |
| Side | Not Tested |
| Roof strength | Not Tested |
| Head restraints and seats | Not Tested |
| Source: Insurance Institute for Highway Safety | |
BMW M5 crash test ratings can impact your BMW M5 auto insurance rates. See BMW M5 crash test results below:
| 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 | ||||
|---|---|---|---|---|
Having a variety of safety features on your BMW M5 can help lower your insurance costs. According to AutoBlog, the 2020 BMW M5’s safety features include:
The lower percentage means lower BMW M5 auto insurance rates; higher percentages mean higher BMW M5 auto insurance rates. Insurance loss probability on the BMW M5 fluctuates between each type of coverage.
| 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 | |
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 auto insurance rates from the best companies using our FREE tool below.
Although it may seem like your BMW M5 auto insurance rates are set, there are a few measures that you can take to secure the best BMW M5 auto insurance rates possible. Take a look at the following five ways to save on BMW M5 auto insurance.
The best auto insurance companies for BMW M5 auto insurance rates will offer competitive rates, discounts, and account for the BMW M5’s safety features. The following list of auto 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 | |||
You can start comparing quotes for BMW M5 auto insurance rates from some of the best auto insurance companies by using our free online tool now.
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