Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used BMW M5? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW M5 insurance facts

  • Average full coverage auto insurance premium: $299/month

  • Most affordable companies: GEICO ($184/month) & Progressive ($201/month)

  • M5 car insurance cost vs. average rate: $269 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW M5 by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average BMW M5 insurer costs by state:

Risk factors affecting BMW M5 car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW M5 car insurance?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average M5 repair costs equal higher car insurance rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW M5 affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower car insurance rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying a car insurance policy.

2021 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $4047
Allied$4250
Allstate$3379
American Family$3130
Amica$4370
Country Financial$3782
Erie$2734
GEICO$2219
Kentucky Farm Bureau$4022
Liberty Mutual$2864
Mercury$3350
Nationwide$3015
Progressive$2415
State Farm$2641
Tennessee Farmers$3270
Texas Farm Bureau$3077
The Hanover$4038
Travelers$3548

Compare all 2021 BMW M5 rates

Average Cost to Insure Per Year

$3590

List Price

$103500

Trims Available

Base - Base Engine: 4.4-litre V8 bi-turbo engine with M TwinPower Turbo technology with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2020 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $4044
Allstate$3369
American Family$3129
Country Financial$3648
Erie$2684
GEICO$2213
Kentucky Farm Bureau$3947
Liberty Mutual$2834
Mercury$3347
Nationwide$2943
Progressive$2364
State Farm$2547
Tennessee Farmers$3264
Texas Farm Bureau$3026
The Hanover$4026
Travelers$3456

Compare all 2020 BMW M5 rates

Average Cost to Insure Per Year

$3591

List Price

$102700

Trims Available

Base - Base Engine: 4.4-litre V8 bi-turbo engine with M TwinPower Turbo technology with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2019 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $4036
Allstate$3316
American Family$2934
Country Financial$3590
Erie$2315
GEICO$2101
Kentucky Farm Bureau$3842
Liberty Mutual$2487
Mercury$3187
Nationwide$2549
Progressive$2129
State Farm$2230
Tennessee Farmers$3016
Texas Farm Bureau$2715
The Hanover$3951
Travelers$3452

Compare all 2019 BMW M5 rates

Average Cost to Insure Per Year

$3630

List Price

$110995

Trims Available

Base

2018 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3815
Allstate$3415
American Family$3014
Country Financial$3604
Erie$2470
GEICO$2016
Kentucky Farm Bureau$3647
Liberty Mutual$2590
Mercury$3284
Nationwide$2743
Progressive$2215
State Farm$2348
Tennessee Farmers$3125
Texas Farm Bureau$2946
The Hanover$3726
Travelers$3519

Compare all 2018 BMW M5 rates

Average Cost to Insure Per Year

$3628

List Price

$103595

Trims Available

Base - Base Engine: 4.4-litre V8 bi-turbo engine with M TwinPower Turbo technology with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2017 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3425
Allstate$2816
American Family$2435
Country Financial$3016
Erie$1946
GEICO$1852
Kentucky Farm Bureau$3249
Liberty Mutual$2013
Mercury$2642
Nationwide$2159
Progressive$1905
Tennessee Farmers$2587
Texas Farm Bureau$2297
The Hanover$3371
Travelers$2945

Compare all 2017 BMW M5 rates

Average Cost to Insure Per Year

$3520

List Price

$95100

Trims Available

Base

2016 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2753
Allstate$2236
American Family$2115
Country Financial$2279
Erie$1973
GEICO$1836
Kentucky Farm Bureau$2415
Liberty Mutual$2036
Mercury$2215
Nationwide$2074
Progressive$1892
State Farm$1935
Tennessee Farmers$2129
Texas Farm Bureau$2103
The Hanover$2569
Travelers$2240

Compare all 2016 BMW M5 rates

Average Cost to Insure Per Year

$3519

List Price

$94100

Trims Available

Base - Base Engine: 4.4-litre V8 bi-turbo engine with M TwinPower Turbo technology with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2015 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1820
Acuity$ 1820
Allied$ 2421
Allied$ 2421
Amica$ 2294
Amica$ 2294
Arbella$ 1973
Arbella$ 1973
Country$ 1973
Country$ 1973
Erie$ 1923
Erie$ 1923
Nationwide$ 2463
Nationwide$ 2463
Plymouth Rock Insurance$ 1857
Plymouth Rock Insurance$ 1857
Southern Farm Bureau$ 2176
Southern Farm Bureau$ 2176
State Farm$ 2450
State Farm$ 2450
Tennessee Farmers$ 1924
Tennessee Farmers$ 1924
Vermont Mutual$ 1991
Vermont Mutual$ 1991

Compare all 2015 BMW M5 rates

Average Cost to Insure Per Year

$ 3452

List Price

$ 93600

Trims Available

Base

2014 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century$ 2412
21st Century$ 2412
Acuity$ 1728
Acuity$ 1728
Allied$ 2409
Allied$ 2409
Amica$ 2215
Amica$ 2215
Arbella$ 1918
Arbella$ 1918
Country$ 1914
Country$ 1914
Erie$ 1846
Erie$ 1846
Plymouth Rock Insurance$ 1798
Plymouth Rock Insurance$ 1798
Southern Farm Bureau$ 2105
Southern Farm Bureau$ 2105
State Farm$ 2330
State Farm$ 2330
Tennessee Farmers$ 1878
Tennessee Farmers$ 1878
Vermont Mutual$ 1887
Vermont Mutual$ 1887

Compare all 2014 BMW M5 rates

Average Cost to Insure Per Year

$ 3310

List Price

$ 92900

Trims Available

Base

2013 BMW M5

Cheapest Insurance CompaniesAverage Annual Cost
21st Century$ 2361
21st Century$ 2361
Acuity$ 1725
Acuity$ 1725
Amica$ 2163
Amica$ 2163
Arbella$ 1872
Arbella$ 1872
Country$ 1898
Country$ 1898
Erie$ 1768
Erie$ 1768
Plymouth Rock Insurance$ 1736
Plymouth Rock Insurance$ 1736
Southern Farm Bureau$ 2044
Southern Farm Bureau$ 2044
State Farm$ 2292
State Farm$ 2292
Tennessee Farmers$ 1857
Tennessee Farmers$ 1857
USAA$ 2335
USAA$ 2335
Vermont Mutual$ 1840
Vermont Mutual$ 1840

Compare all 2013 BMW M5 rates

Average Cost to Insure Per Year

$ 3009

List Price

$ 89900

Trims Available

Base