BMW M5 Car Insurance Rates for 2023

How much does M5 car insurance cost? We analyze rates by model year, from the base M5 sedan to the Competition trim level with the rear entertainment option, to see how average prices compare to all other midsize luxury cars.

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  • BMW M5 car insurance rates average $2,876 per year (about $240 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 $2,828 per year.
  • The M5 Competition Sedan is the most expensive to insure at $2,924 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 $2,876 per year for full coverage, or about $240 each month. You can expect to pay around $574 more per year for BMW M5 insurance compared to the midsize luxury cars average rate, and $1,148 more per year than the $1,728 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 $2,100 per year for a driver age 60 with high deductibles to $6,758 each year for a 20-year-old driver with a $250 policy deductible.

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Chart Data Details: Chart shows average insurance cost for a 2023 BMW M5 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW M5 trim levels.Data last updated on August 12, 2023
BMW M5 Car Insurance Rates
2023 BMW M5 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$4,676$390
$500$5,688$474
$250$6,758$563
30$1,000$2,496$208
$500$3,064$255
$250$3,656$305
40$1,000$2,356$196
$500$2,876$240
$250$3,418$285
50$1,000$2,140$178
$500$2,608$217
$250$3,096$258
60$1,000$2,100$175
$500$2,558$213
$250$3,038$253

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 $1,994 for a 2013 model to the highest rate of $2,876 for a 2023 model.

BMW M5 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 BMW M5$5,688$2,876$2,558
2022 BMW M5$5,840$2,930$2,614
2021 BMW M5$5,700$2,854$2,548
2020 BMW M5$5,616$2,808$2,508
2019 BMW M5$5,068$2,528$2,258
2018 BMW M5$5,012$2,496$2,230
2016 BMW M5$4,204$2,122$1,890
2015 BMW M5$4,218$2,116$1,888
2014 BMW M5$3,982$1,996$1,784
2013 BMW M5$3,992$1,994$1,786

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Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
BMW M5 Insurance Cost by Model Year

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 Insurance Cost by Trim Level
BMW M5 Trim Level Annual Policy Six-Month Policy Per Month
Sedan$2,828$1,414$236
Competition Sedan$2,924$1,462$244

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Table Data Details: Average rates are for a 2023 BMW M5, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 11, 2023
BMW M5 Insurance Cost by Trim Level

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 $924 more per year than the Lexus ES 350, $696 more than the BMW 530i, and $350 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 $2,876 per year for full coverage auto insurance, while the class average cost is $2,302 per year, a difference of $574 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year BMW M5, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW M5 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
Insurance Cost Comparison: BMW M5 vs Top 10 Midsize Luxury Cars
BMW M5 Insurance Cost Compared to All Midsize Luxury Cars
Rank Make/Model Insurance Cost Difference
1Cadillac CT5$1,948-$928
2Lexus ES 350$1,952-$924
3Lexus ES 250$1,966-$910
4Lexus RC 300$1,970-$906
5Mercedes-Benz AMG CLA35$1,974-$902
6Audi A3$1,980-$896
7Mercedes-Benz AMG CLA45$2,018-$858
8Mercedes-Benz CLA250$2,032-$844
9Lexus IS 300$2,040-$836
10Jaguar XF$2,042-$834
11Audi S4$2,084-$792
12BMW i4$2,096-$780
13Mercedes-Benz E350$2,110-$766
14Lexus ES 300h$2,138-$738
15BMW 530i$2,180-$696
16Audi A6$2,222-$654
17Audi S5$2,226-$650
18BMW 540i$2,230-$646
19BMW 430i$2,266-$610
20Lexus IS 500$2,272-$604
21Mercedes-Benz E450$2,292-$584
22Genesis G80$2,298-$578
23Mercedes-Benz CLS450$2,358-$518
24Mercedes-Benz EQE 350$2,374-$502
25Audi RS 5$2,380-$496
26BMW 530e$2,396-$480
27Audi S6$2,416-$460
28Mercedes-Benz AMG C43$2,420-$456
29BMW M440i$2,424-$452
30Mercedes-Benz EQE 500$2,428-$448
31Audi A7$2,522-$354
32Infiniti Q50$2,526-$350
33Lexus LC 500h$2,710-$166
34BMW M550i$2,714-$162
35Tesla Model S$2,778-$98
36Audi S7$2,796-$80
37BMW M5$2,876--
38BMW M8$3,034$158

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 $452 per year versus a credit score ranging from 670-739. Conversely, a weaker credit score could cost up to $523 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 $86 and $183 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 $5,688 per year, while a 20-year-old female pays an average of $4,210, a difference of $1,478 per year in favor of the women by a long shot. But by age 50, rates for male drivers are $2,608 and the female rate is $2,554, a difference of only $54.
  • More mature drivers get better rates than young drivers. The difference in insurance rates for a BMW M5 between a 50-year-old driver ($2,608 per year) and a 20-year-old driver ($5,688 per year) is $3,080, or a savings of 74.3%.
  • 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 $4,344 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 $488 per year.
  • No accidents means better rates. At-fault accidents increase insurance cost, as much as $3,938 per year for a 20-year-old driver and even as much as $806 per year for a 60-year-old driver.