- BMW M5 car insurance rates average $3,712 per year (about $309 per month) for full coverage, but can vary significantly based on driver age.
- The cheapest M5 trim to insure is the base sedan trim level at an estimated $3,652 per year.
- The M5 Competition Sedan is the most expensive to insure at $3,774 per year.
- Out of 38 vehicles in the midsize luxury car segment, the M5 ranks 37th for insurance affordability.
How much does average BMW M5 insurance cost?
BMW M5 car insurance rates average $3,712 per year for full coverage, or about $309 each month. You can expect to pay around $743 more per year for BMW M5 insurance compared to the midsize luxury cars average rate, and $1,436 more per year than the $2,276 average for all vehicles.
The chart below demonstrates how car insurance prices on a 2023 M5 model can fluctuate with changes in driver age and the deductibles for comprehensive and collision coverage. Prices range from $2,504 per year for a driver age 60 with high deductibles to $8,802 each year for a 20-year-old driver with a $250 policy deductible.
The following table details average BMW M5 full coverage car insurance policy costs from the 2013 to the 2023 model years and different driver age groups. For the average 40-year-old male driver, prices range from $2,438 for a 2013 model to the highest rate of $3,712 for a 2023 model.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2023 BMW M5 | $7,410 | $3,712 | $3,048 |
| 2022 BMW M5 | $7,648 | $3,786 | $3,120 |
| 2021 BMW M5 | $7,486 | $3,700 | $3,050 |
| 2020 BMW M5 | $7,242 | $3,580 | $2,952 |
| 2019 BMW M5 | $6,524 | $3,210 | $2,644 |
| 2018 BMW M5 | $6,300 | $3,106 | $2,560 |
| 2016 BMW M5 | $5,128 | $2,576 | $2,130 |
| 2015 BMW M5 | $5,176 | $2,572 | $2,126 |
| 2014 BMW M5 | $4,938 | $2,450 | $2,028 |
| 2013 BMW M5 | $4,930 | $2,438 | $2,026 |
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 BMW M5 trim levels for each model year. Updated October 24, 2025
The next table details the estimated annual and 6-month policy costs, plus a monthly insurance rate, for each BMW M5 trim level.
| 2023 BMW M5 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Sedan | $3,652 | $304 |
| Competition Sedan | $3,774 | $315 |
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. Updated October 24, 2025
How do BMW M5 car insurance rates compare?
When rates are compared to other popular midsize luxury cars, auto insurance rates for a BMW M5 cost $1,192 more per year than the Lexus ES 350, $904 more than the BMW 530i, and $456 more than the Infiniti Q50.
The BMW M5 ranks 37th out of 38 comparison vehicles in the midsize luxury car category for most affordable insurance cost. The M5 costs an average of $3,712 per year for full coverage auto insurance, while the class average cost is $2,969 per year, a difference of $743 per year.
The following chart shows how well BMW M5 insurance rates rank against the top-selling midsize luxury cars like the Mercedes-Benz CLA250 and Audi A6. A more complete table is added following the chart that ranks insurance rates for the entire 2023 midsize luxury car class.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Cadillac CT5 | $2,510 | -$1,202 |
| 2 | Lexus ES 350 | $2,520 | -$1,192 |
| 3 | Lexus ES 250 | $2,530 | -$1,182 |
| 4 | Lexus RC 300 | $2,542 | -$1,170 |
| 5 | Mercedes-Benz AMG CLA35 | $2,548 | -$1,164 |
| 6 | Audi A3 | $2,552 | -$1,160 |
| 7 | Mercedes-Benz AMG CLA45 | $2,606 | -$1,106 |
| 8 | Mercedes-Benz CLA250 | $2,616 | -$1,096 |
| 9 | Lexus IS 300 | $2,628 | -$1,084 |
| 10 | Jaguar XF | $2,642 | -$1,070 |
| 11 | Audi S4 | $2,690 | -$1,022 |
| 12 | BMW i4 | $2,698 | -$1,014 |
| 13 | Mercedes-Benz E350 | $2,718 | -$994 |
| 14 | Lexus ES 300h | $2,756 | -$956 |
| 15 | BMW 530i | $2,808 | -$904 |
| 16 | Audi A6 | $2,864 | -$848 |
| 17 | Audi S5 | $2,868 | -$844 |
| 18 | BMW 540i | $2,876 | -$836 |
| 19 | BMW 430i | $2,926 | -$786 |
| 20 | Lexus IS 500 | $2,928 | -$784 |
| 21 | Mercedes-Benz E450 | $2,954 | -$758 |
| 22 | Genesis G80 | $2,962 | -$750 |
| 23 | Mercedes-Benz CLS450 | $3,040 | -$672 |
| 24 | Mercedes-Benz EQE 350 | $3,060 | -$652 |
| 25 | Audi RS 5 | $3,068 | -$644 |
| 26 | BMW 530e | $3,086 | -$626 |
| 27 | Audi S6 | $3,116 | -$596 |
| 28 | Mercedes-Benz AMG C43 | $3,122 | -$590 |
| 29 | BMW M440i | $3,130 | -$582 |
| 30 | Mercedes-Benz EQE 500 | $3,132 | -$580 |
| 31 | Audi A7 | $3,252 | -$460 |
| 32 | Infiniti Q50 | $3,256 | -$456 |
| 33 | Lexus LC 500h | $3,496 | -$216 |
| 34 | BMW M550i | $3,504 | -$208 |
| 35 | Tesla Model S | $3,584 | -$128 |
| 36 | Audi S7 | $3,608 | -$104 |
| 37 | BMW M5 | $3,712 | -- |
| 38 | BMW M8 | $3,916 | $204 |
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 vehicle from the 2023 model year. Updated October 24, 2025
More rates and insights
Other observations regarding the cost of insurance for a BMW M5 include:
- Improve your credit for cheaper auto insurance rates. Having an excellent credit rating above 800 may save up to $583 per year versus a credit score ranging from 670-739. Conversely, a weaker credit score could cost up to $676 more per year.
- Your profession could reduce your rates. The vast majority of auto insurance providers offer discounts for being employed in professions like architects, lawyers, engineers, doctors, emergency medical technicians, high school and elementary teachers, and others. By getting this discount, you may save between $111 and $239 on your annual car insurance bill, depending on the level of coverage purchased.
- Gender affects car insurance rates. For a 2023 BMW M5, a 20-year-old man pays an estimated $7,410 per year, while a 20-year-old female pays an average of $5,314, a difference of $2,096 per year in favor of the women by a long shot. But by age 50, rates for male drivers are $3,258 and the female rate is $3,190, a difference of only $68.
- More mature drivers get better rates than young drivers. The difference in insurance rates for a BMW M5 between a 50-year-old driver ($3,258 per year) and a 20-year-old driver ($7,410 per year) is $4,152, or a savings of 77.8%.
- M5 insurance is expensive for high-risk drivers. For a 20-year-old driver, having enough accidents and violations to require a high-risk insurance policy could increase the cost by $5,706 or more per year.
- Policy discounts mean cheaper M5 insurance. Discounts may be available if the insured drivers are accident-free, are loyal customers, insure multiple vehicles on the same policy, belong to certain professional organizations, are good students, or many other discounts which could save the average driver as much as $630 per year.
- No accidents means better rates. At-fault accidents increase insurance cost, as much as $5,166 per year for a 20-year-old driver and even as much as $806 per year for a 60-year-old driver.