Third-party liability insurance
- Damage to other vehicles
- Injury to third parties
- Damage to objects
Insuring a BMW M5
With the M5, the first question is not what the premium will be, but which insurer will accept the combination of this power output, this value and this driver.
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Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
Which details do we ask for?
Personal quote request. A no-obligation request: nothing is taken out automatically. After sending you receive a reference number and a confirmation by e-mail.
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Additional questions follow per chosen insurance.
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- Have you, or anyone else with an interest in this insurance, been in contact with the police or judicial authorities in the past 8 years? (required)
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Additional questions follow per chosen insurance.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
The BMW M5 is the fastest version of the 5 Series: the E39 with a V8, the E60 with a V10, the F10 and F90 with the 4.4-litre twin-turbo V8 and 560 to 635 hp, and since 2024 the G90 as a plug-in hybrid with 727 hp and a weight of well over 2,400 kilograms. New, a G90 costs around € 180,000; a 2013 F10 is still worth € 40,000 to € 55,000 as a used car, and a good E39 is now worth more.
A power output of 400 kW or more puts the M5 outside the standard acceptance criteria of most insurers. Those that do take the car set requirements: a driver of at least 25 to 30, five to ten no-claims years (schadevrije jaren), a list of all drivers and, for a high value, a vehicle tracking system with a monitoring centre. A rejection becomes a question on the form for the next application, so the order in which you apply matters.
Unlike the M3 and M4, the M5 is more often driven as the only car and for business, with a high annual mileage and often registered to a BV. That calls for an ordinary comprehensive (allrisk) policy with a new-value arrangement, not a limited-use policy. The G90 adds a battery pack and a high-voltage system that push up the bill further in the event of damage.
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BMW M5: what is covered?
For an M5, the choice of cover depends on the generation and value, whether the car is registered privately or to a business, the annual mileage and the insurer's acceptance requirements.
Third-party liability + fire and theft
Also, damage to your own vehicle from external causes.
- Theft and burglary
- Fire, storm and hail
- Windscreen damage
- Collision with animals
Comprehensive cover
Including damage to your own vehicle through your own fault.
- Own fault and single-vehicle accident
- Vandalism
- Unknown party at fault
- Total loss
What is covered
| Situation | Third-party liability | Third-party liability + fire and theft | Comprehensive |
|---|---|---|---|
| Damage to another vehicle | Yes | Yes | Yes |
| Theft of your BMW M5 | No | Yes | Yes |
| Windscreen damage or stone chips | No | Yes | Yes |
| Storm, hail and fire damage | No | Yes | Yes |
| Driving into a bollard yourself | No | No | Yes |
| Track use, wear and intent | No | No | No |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
What does your premium depend on?
- Power and version. Standard, Competition or a version with four-wheel drive fall into different underwriting classes.
- Age, years holding a licence and no-claims years. At this power output often a hard requirement rather than a discount factor.
- Insurance history. An earlier refusal, cancellation or rescission determines which companies you can still go to.
- Valued amount or list price. The basis for the own-damage premium. On older generations a valuation is the better route.
- Region, storage and security. A locked garage and an approved tracking system are usually an underwriting condition here.
- Driver restriction and excess. The number of permitted drivers and the level of the excess steer the premium noticeably.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, your risk and your wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Where things go wrong in practice
These are the decisive points when insuring a BMW M5.
Acceptance before premium
Many insurers apply an upper limit in kilowatts or a power-to-weight ratio; at 412 to 535 kW, the M5 is well above it. Insurers that accept the car usually only do so for a driver aged 25 or 30 and over, with at least five no-claims years, and want to know all regular drivers including the date of their driving licence. A previous cancellation, a criminal record for traffic offences or several claims close the door. Because a rejection must be disclosed in subsequent applications, we first check informally with which insurers the combination stands a chance and only then submit a formal application.
Registered to a BV
The M5 is often driven as a company car registered to a BV or holding company. The BV is then the policyholder, and the insurer decides whether the no-claims years of the director-major shareholder (dga) may be used; this differs per insurer. Business use of 30,000 kilometres or more a year must be declared, including who else drives besides the dga. An M5 also used by an employee or partner requires a policy listing all drivers. With a lease, the leasing company usually insures the car itself, but with the M5 that is not a given; some leasing companies exclude sports models from their collective cover.
Class 5 vehicle tracking system
Above a list price of roughly € 100,000, virtually all insurers require an SCM-approved class 5 vehicle tracking system, sometimes with an additional class 3 alarm, and an active monitoring centre subscription. The M5 is in demand for export and for the parts trade, and the keyless key and the OBD port are known points of attack. BMW's own systems such as ConnectedDrive tracking are not accepted as a substitute for an SCM system. Installation costs an estimated € 1,000 to € 2,000 and the subscription a few hundred euros a year. Without the required system, theft is excluded, regardless of the rest of the cover.
The G90 as a plug-in hybrid
The current M5 has a battery pack of about 18.6 kWh and an electric motor in the eight-speed automatic gearbox. After a collision, a repairer with NEN 9140 certification must de-energise the high-voltage system and check the battery pack; a deformed casing means replacing the entire pack. That, plus laser headlights, radar sensors, carbon parts and a heavy body, turns moderate damage to the G90 into a repair costing tens of thousands of euros. Insurers factor this into the comprehensive premium. The charging cable is covered as an accessory up to a limited amount; the wallbox at home falls under buildings insurance (opstalverzekering).
New value, current value and loss of value
An M5 loses a lot of value in its first years. In the event of a total loss after two years, a current-value policy pays out considerably less than the purchase price. A three-year new-value arrangement, or a purchase-value arrangement for a young used car, closes that gap. After a repair, the car is also worth less; that loss of value is usually recovered if a third party is at fault, but not reimbursed if you are at fault. For an older E39 or E60 with collector's value, an agreed-value policy makes sense, because the price-list value lags behind what the car actually fetches.
Circuits, M Driving Experience and the autobahn
As with any M car, driving on a circuit, even during a touring day or an M Driving Experience organised by BMW, falls outside the cover of ordinary car insurance. Separate track day insurance is needed for such days. Driving on the German autobahn without a speed limit is covered as normal, but in the event of damage at very high speed, an insurer may investigate whether there was recklessness, and then a payout is not a given. A speeding offence in itself does not usually lead to rejection, but a deliberate race on a public road does.
Frequently asked questions
Questions BMW M5 owners ask us.
Why is my application for an M5 rejected when I have fifteen no-claims years?
Because many insurers apply an absolute upper limit for power output or list price, regardless of the driver's profile. With more than 400 kW and a new price of around € 180,000, the M5 exceeds it. So it is not a judgement on you but on the acceptance criteria. There are insurers and specialist providers that do accept the M5; we know them and avoid unnecessary formal rejections that you would have to disclose later.
Can I insure the M5 in my BV's name using my private no-claims years?
With some insurers, yes: they accept the no-claims years of the director-major shareholder on a policy in the BV's name, sometimes with a declaration that you are the only regular driver. Other insurers start a BV at zero or apply a business discount. Because the premium difference for an M5 is large, we include this point in our comparison of insurers.
What security is compulsory for a BMW M5?
For a new M5, almost always an SCM-approved class 5 vehicle tracking system with a monitoring centre subscription, in addition to the factory alarm. For an older F10 or E60 with a lower current value, a class 3 alarm with tilt detection or a class 4 tracking system is often sufficient. The requirement depends on the insured value and differs per insurer. The subscription must be active at the time of theft.
Is the hybrid M5 G90 insured differently from the previous generation?
The cover is the same, but claims handling differs. After a collision, the battery pack and high-voltage system must be checked by a certified repairer, and a damaged pack is replaced. That increases repair costs and therefore the comprehensive premium. The charging cable is covered as an accessory up to a limited amount. A few insurers offer a discount for plug-in hybrids, but with the M5 the power output weighs more heavily.
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Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.