2023 BMW M5 Car Insurance Calculator

Explore and learn how changes to risk factors and vehicle options impact the insurance cost for a 2023 BMW M5. Fine-tune factors like coverage amounts, annual mileage, vehicle usage, and driver gender. Get instant feedback if your choice increases or decreases premiums and why.

The average estimated car insurance premium for a 2023 BMW M5 is $3,624 per year, or about $302 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,624

Cost Per Month

$302

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW M5 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 BMW M5.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,624
Average Rate
Your Rate
$3,624

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 BMW M5 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 BMW M5 is $3,624.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 BMW M5 vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2023 BMW M5 against all other models in the midsize luxury car segment. The BMW M5 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW M5, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M5.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 BMW M5 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Cadillac CT5$2,450-$1,174
2Lexus ES 350$2,460-$1,164
3Lexus ES 250$2,472-$1,152
4Lexus RC 300$2,482-$1,142
5Mercedes-Benz AMG CLA35$2,488-$1,136
6Audi A3$2,492-$1,132
7Mercedes-Benz AMG CLA45$2,546-$1,078
8Mercedes-Benz CLA250$2,554-$1,070
9Lexus IS 300$2,568-$1,056
10Jaguar XF$2,578-$1,046
11Audi S4$2,628-$996
12BMW i4$2,636-$988
13Mercedes-Benz E350$2,654-$970
14Lexus ES 300h$2,690-$934
15BMW 530i$2,742-$882
16Audi A6$2,798-$826
17Audi S5$2,802-$822
18BMW 540i$2,808-$816
19BMW 430i$2,856-$768
20Lexus IS 500$2,858-$766
21Mercedes-Benz E450$2,886-$738
22Genesis G80$2,892-$732
2023 Midsize Luxury Car Average$2,899-$725
23Mercedes-Benz CLS450$2,968-$656
24Mercedes-Benz EQE 350$2,988-$636
25Audi RS 5$2,996-$628
26BMW 530e$3,014-$610
27Audi S6$3,044-$580
28Mercedes-Benz AMG C43$3,048-$576
29BMW M440i$3,052-$572
30Mercedes-Benz EQE 500$3,056-$568
31Audi A7$3,176-$448
32Infiniti Q50$3,180-$444
33Lexus LC 500h$3,414-$210
34BMW M550i$3,420-$204
35Tesla Model S$3,498-$126
36Audi S7$3,520-$104
37BMW M5$3,624--
38BMW M8$3,824$200

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 M5 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW M5.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 BMW M5 Insurance Rates by Trim Level
2023 BMW M5 Trim Level Annual Premium Cost Per Month
Sedan$3,564$297
Competition Sedan$3,684$307

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW M5 for different driver ages.

2023 BMW M5 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$12,405$1,034
17$12,138$1,012
18$11,110$926
19$10,049$837
20$7,774$648
21$7,426$619
22$6,699$558
23$5,445$454
24$5,178$432
25$4,218$352
30$3,890$324
35$3,716$310
40$3,624$302
45$3,370$281
50$3,182$265
55$2,968$247
60$2,976$248
65$3,170$264
70$3,374$281
75$3,900$325
80$4,772$398

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW M5 trim levels.