BMW M5 Insurance: by Model Year & Company
BMW M5 insurance costs an average of $2,436 for a 6-month full coverage policy. Progressive offers the cheapest rate for the latest BMW M5 at $365/mo or $2,193 for a 6-month full coverage policy.
- Shopping around? Use our calculator to compare average insurance rates by vehicle.
- Know your vehicle? Get a personalized quote by entering your zip code.
What to know about insuring a BMW M5:
- The M5 costs more to insure than most sedans. Averaging $406/mo for the M5 versus $203/mo for typical sedans.
- If you're considering a vehicle similar to the M5, like the BMW 1 Series ($138/mo), BMW 6 Series ($248/mo), or BMW 7 Series ($304/mo), your insurance costs will be more expensive.
- American Family ($285/mo), Progressive ($293/mo), Erie ($314/mo) offer the cheapest full coverage rates.
The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.
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Cheapest Companies
2025 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| Progressive |
$4,385 |
| Erie |
$4,956 |
| Nationwide |
$5,778 |
| State Farm |
$5,927 |
| American Family |
$6,015 |
| USAA |
$7,092 |
| Farmers |
$8,604 |
| Allstate |
$9,148 |
| GEICO |
$11,758 |
Compare all 2025 BMW M5 insurance rates.
Average Cost to Insure Per Year
$7,8192023 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$4,012 |
| Progressive |
$4,192 |
| Nationwide |
$4,315 |
| Erie |
$4,590 |
| State Farm |
$5,462 |
| USAA |
$6,405 |
| GEICO |
$6,596 |
| Farmers |
$7,240 |
| Allstate |
$11,597 |
Compare all 2023 BMW M5 insurance rates.
Average Cost to Insure Per Year
$6,4682022 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$3,846 |
| Progressive |
$4,095 |
| Erie |
$4,508 |
| Nationwide |
$5,291 |
| State Farm |
$5,770 |
| USAA |
$6,903 |
| GEICO |
$7,648 |
| Farmers |
$8,129 |
| Allstate |
$10,719 |
Compare all 2022 BMW M5 insurance rates.
Average Cost to Insure Per Year
$6,8492021 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$3,646 |
| Progressive |
$3,896 |
| Erie |
$4,071 |
| State Farm |
$5,062 |
| Nationwide |
$5,687 |
| USAA |
$5,956 |
| GEICO |
$6,121 |
| Farmers |
$6,445 |
| Allstate |
$9,624 |
Compare all 2021 BMW M5 insurance rates.
Average Cost to Insure Per Year
$6,0322020 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$3,528 |
| Progressive |
$3,668 |
| Erie |
$3,976 |
| State Farm |
$4,782 |
| Nationwide |
$5,065 |
| USAA |
$5,634 |
| GEICO |
$5,821 |
| Farmers |
$6,095 |
| Allstate |
$7,896 |
Compare all 2020 BMW M5 insurance rates.
Average Cost to Insure Per Year
$5,5002019 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$3,417 |
| Progressive |
$3,633 |
| Erie |
$3,783 |
| State Farm |
$4,746 |
| USAA |
$5,280 |
| Nationwide |
$5,400 |
| GEICO |
$5,539 |
| Farmers |
$5,800 |
| Allstate |
$7,745 |
Compare all 2019 BMW M5 insurance rates.
Average Cost to Insure Per Year
$5,3732018 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| USAA |
$2,910 |
| American Family |
$3,269 |
| Progressive |
$3,495 |
| Erie |
$3,508 |
| State Farm |
$4,268 |
| Nationwide |
$4,621 |
| GEICO |
$5,233 |
| Farmers |
$5,474 |
| Allstate |
$6,989 |
Compare all 2018 BMW M5 insurance rates.
Average Cost to Insure Per Year
$4,6612016 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$2,429 |
| USAA |
$2,779 |
| Progressive |
$2,806 |
| Erie |
$3,222 |
| State Farm |
$3,339 |
| Nationwide |
$3,693 |
| GEICO |
$4,411 |
| Farmers |
$4,779 |
| Allstate |
$5,304 |
Compare all 2016 BMW M5 insurance rates.
Average Cost to Insure Per Year
$3,8262015 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$2,572 |
| Progressive |
$2,657 |
| State Farm |
$2,901 |
| Erie |
$3,072 |
| USAA |
$3,140 |
| Nationwide |
$3,465 |
| GEICO |
$4,205 |
| Farmers |
$4,567 |
| Allstate |
$4,928 |
Compare all 2015 BMW M5 insurance rates.
Average Cost to Insure Per Year
$3,6652014 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$2,491 |
| State Farm |
$2,823 |
| Erie |
$2,944 |
| USAA |
$3,008 |
| Progressive |
$3,042 |
| Nationwide |
$3,512 |
| GEICO |
$4,013 |
| Farmers |
$4,370 |
| Allstate |
$5,008 |
Compare all 2014 BMW M5 insurance rates.
Average Cost to Insure Per Year
$3,6452013 BMW M5
| Cheapest Insurance Companies | Average Annual Cost |
|---|---|
| American Family |
$2,351 |
| State Farm |
$2,569 |
| Erie |
$2,746 |
| USAA |
$2,819 |
| Progressive |
$2,839 |
| Nationwide |
$3,601 |
| GEICO |
$3,825 |
| Farmers |
$4,177 |
| Allstate |
$4,912 |