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.

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Updated: 02 April 2024
Written by
Bob Phillips
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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

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.

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