BMW M5 Car Insurance Cost
To insure a BMW M5, it typically costs about $4,068 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 $4,068 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 |
| Nationwide | $4,068 |
| Travelers | $4,447 |
| State Farm | $6,147 |
| Erie | $6,972 |
| USAA | $10,502 |
| Chubb | $12,942 |
| Unitrin | $14,929 |
| Allstate | $15,067 |
| Esurance | $15,632 |
| Hanover | $15,777 |
2022 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Capital Insurance Group | $1,583 |
| SECURA Insurance | $1,719 |
| Farm Bureau Ins of MI | $2,293 |
| Hastings Mutual Insurance Co | $2,539 |
| Plymouth Rock Assurance | $3,390 |
| National General | $3,458 |
| Safeco | $3,469 |
| Pioneer State Mutual Ins Co | $3,557 |
| Oregon Mutual | $3,590 |
| Liberty Mutual | $3,616 |
2021 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Plymouth Rock Assurance | $924 |
| Virginia Farm Bureau | $1,137 |
| Penn National | $1,350 |
| Direct Auto | $1,575 |
| Mercury Insurance Company | $1,794 |
| National General | $1,929 |
| Texas Farm Bureau Group | $1,948 |
| Norfolk and Dedham Group | $2,017 |
| Hastings Mutual Insurance Co | $2,369 |
| Safety Group | $2,644 |
2020 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| SECURA Insurance | $1,649 |
| Texas Farm Bureau Group | $2,089 |
| California Capital | $2,178 |
| Allied | $2,330 |
| Hastings Mutual Insurance Co | $2,823 |
| Farm Bureau Ins of MI | $3,122 |
| New Jersey Manufacturers | $3,214 |
| Travelers | $3,451 |
| Pioneer State Mutual Ins Co | $3,662 |
| Alliance United | $3,869 |
2019 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $1,114 |
| Penn National | $1,375 |
| Direct Auto | $1,449 |
| California Capital | $2,874 |
| ALFA | $2,911 |
| Utica National Ins Group | $3,504 |
| Mercury | $3,808 |
| Allied | $3,918 |
| Travelers | $4,019 |
| Dairyland Auto | $4,334 |
2018 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $797 |
| Mercury Insurance | $1,393 |
| Direct Auto | $1,444 |
| Plymouth Rock Assurance | $1,504 |
| National General | $1,529 |
| Norfolk and Dedham Group | $1,699 |
| Safety Group | $1,936 |
| Hastings Mutual Insurance Co | $2,029 |
| Penn National | $2,149 |
| Quincy Mutual | $2,506 |
2016 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| American National P | $839 |
| SECURA Insurance | $898 |
| National General | $1,047 |
| Farm Bureau Ins of MI | $1,379 |
| Texas Farm Bureau Group | $1,451 |
| Indiana Farmers Mutual Ins | $1,720 |
| Cincinnati Insurance | $1,711 |
| Pioneer State Mutual Ins Co | $1,707 |
| Buckeye Insurance Group | $1,749 |
| Wolverine Mutual | $1,761 |
2015 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Safeco | $733 |
| Dairyland | $734 |
| Buckeye Insurance Group | $896 |
| SECURA Insurance | $1,051 |
| Titan | $1,086 |
| North Carolina Farm Bureau | $1,229 |
| National General | $1,420 |
| Direct Auto | $1,430 |
| Hastings Mutual Insurance Co | $1,460 |
| GMAC Insurance Group | $1,551 |
2014 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $973 |
| Penn National | $1,040 |
| Capital Insurance Group | $1,158 |
| Direct Auto | $1,221 |
| Country | $1,239 |
| Oregon Mutual | $1,508 |
| Mutual Of Enumclaw | $1,768 |
| ALFA | $1,832 |
| California Capital | $1,886 |
| 21st Century | $1,943 |
2013 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Pekin Insurance | $753 |
| American National P | $1,036 |
| SECURA Insurance | $1,055 |
| New Jersey Manufacturers | $1,303 |
| North Carolina Farm Bureau | $1,327 |
| Country | $1,343 |
| Rockford Mutual Insurance | $1,497 |
| SafeAuto | $1,587 |
| Southern Farm Bureau | $1,677 |
| GMAC Insurance Group | $1,769 |
2012 BMW M5 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Travelers | $783 |
| Tennessee Farmers | $892 |
| Nationwide | $1,036 |
| Mercury | $1,430 |
| Allstate | $1,634 |
| Metropolitan | $1,642 |
| Farm Bureau Ins of MI | $1,640 |
| American Family | $1,983 |
| Encompass | $2,711 |
| Bristol West | $3,148 |
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 |
Cost of BMW M5 Car Insurance By Age
| Driver Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $13,168 | $19,328 | $22,636 |
| 18 | $12,282 | $18,044 | $21,065 |
| 19 | $10,838 | $15,928 | $18,624 |
| 20 | $9,444 | $13,896 | $16,252 |
| 21 | $7,938 | $11,627 | $13,605 |
| 22 | $7,719 | $11,323 | $13,251 |
| 23 | $6,770 | $9,918 | $11,610 |
| 24 | $6,419 | $9,434 | $11,045 |
| 25 | $5,562 | $8,145 | $9,531 |
| 30 | $4,311 | $6,331 | $7,404 |
| 35 | $4,035 | $5,948 | $6,945 |
| 40 | $3,898 | $5,703 | $6,689 |
| 45 | $3,776 | $5,575 | $6,483 |
| 55 | $3,491 | $5,104 | $5,942 |
| 65 | $3,609 | $5,307 | $6,234 |
| 75 | $4,559 | $6,719 | $7,831 |
BMW M5 Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $4,135 | $5,964 | $7,613 |
| Alaska | $3,390 | $4,735 | $4,584 |
| Arizona | $3,837 | $5,586 | $8,217 |
| Arkansas | $4,234 | $6,620 | $7,292 |
| California | $4,690 | $8,313 | $4,696 |
| Colorado | $4,383 | $6,155 | $7,800 |
| Connecticut | $5,628 | $8,706 | $11,049 |
| Delaware | $4,656 | $6,184 | $7,930 |
| Florida | $5,536 | $7,663 | $9,979 |
| Hawaii | $1,787 | $2,426 | $1,790 |
| Idaho | $3,107 | $4,158 | $5,039 |
| Illinois | $3,272 | $4,936 | $5,636 |
| Indiana | $3,345 | $5,129 | $5,755 |
| Iowa | $2,653 | $3,665 | $4,290 |
| Kansas | $3,532 | $5,145 | $6,033 |
| Kentucky | $5,124 | $7,527 | $8,875 |
| Louisiana | $6,557 | $9,942 | $10,767 |
| Maine | $2,473 | $3,457 | $5,068 |
| Maryland | $4,042 | $5,840 | $6,501 |
| Massachusetts | $3,216 | $5,620 | $3,237 |
| Michigan | $7,770 | $11,875 | $18,703 |
| Minnesota | $3,214 | $4,276 | $6,018 |
| Mississippi | $3,852 | $5,531 | $5,556 |
| Missouri | $3,631 | $5,193 | $6,851 |
| Montana | $3,689 | $5,170 | $6,017 |
| Nebraska | $3,117 | $4,646 | $5,036 |
| Nevada | $5,165 | $7,685 | $8,115 |
| New Hampshire | $3,616 | $5,693 | $7,195 |
| New Jersey | $3,964 | $6,210 | $8,130 |
| New Mexico | $4,047 | $6,013 | $6,241 |
| New York | $3,742 | $4,717 | $7,865 |
| North Carolina | $2,334 | $3,983 | $2,864 |
| North Dakota | $3,166 | $4,846 | $5,732 |
| Ohio | $2,818 | $4,382 | $4,494 |
| Oklahoma | $4,526 | $6,463 | $7,311 |
| Oregon | $4,104 | $5,528 | $6,595 |
| Pennsylvania | $3,471 | $5,092 | $5,953 |
| Rhode Island | $5,788 | $8,488 | $9,547 |
| South Carolina | $3,949 | $5,466 | $7,513 |
| South Dakota | $3,533 | $5,075 | $5,874 |
| Tennessee | $4,151 | $6,119 | $8,139 |
| Texas | $4,175 | $6,021 | $7,496 |
| Utah | $3,569 | $4,991 | $6,859 |
| Vermont | $2,729 | $4,225 | $4,458 |
| Virginia | $2,583 | $3,953 | $3,870 |
| Washington | $3,426 | $4,645 | $5,532 |
| West Virginia | $3,414 | $4,902 | $6,164 |
| Wisconsin | $3,423 | $5,339 | $6,098 |
| Wyoming | $3,185 | $4,493 | $4,779 |
| Georgia | $4,526 | $6,737 | $6,795 |
Compare BMW M5 To Other BMW Models
- BMW i8 Car Insurance
- BMW X1 Car Insurance
- BMW i3 Car Insurance
- BMW X3 Car Insurance
- BMW X5 Car Insurance
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- BMW X6 Car Insurance
- BMW X2 Car Insurance
- BMW228xi Car Insurance
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- BMW230xi Car Insurance
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- BMW 430i Car Insurance
- BMW 430xi Car Insurance
- BMW 440xi Car Insurance
- BMW 530e Car Insurance
- BMW 530xe Car Insurance
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- BMW 640 Car Insurance
- BMW 650 Car Insurance
- BMW 7 Series 740 Car Insurance
- BMW 7 Series 745xe Car Insurance
- BMW 7 Series 750 Car Insurance
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FAQs
Who has the cheapest car insurance for a BMW M5?
Nationwide offers the most affordable car insurance for the 2023 BMW M5.
Which company offers the best car insurance for a BMW M5?
In our assessment, Nationwide provides the optimal car insurance for a BMW M5, considering its low rates, comprehensive coverage, and top-notch customer service.
