The BMW i5 M60 is the most powerful i5 on the new-car list. In Singapore, power has a direct price: road tax on an electric car follows the motor. This guide starts there, because for the M60 it is the largest yearly bill. Insurance, the COE and the costs only you can judge come after.
Insurance figures are examples for one stated driver, as of 1 November 2026. They are not your quote.
The car on the list
The new-car list read on 2026-10-10 shows one M60 version: the i5 M60 Electric xDrive 81.2 kWh. It has a 603bhp motor. The list calls it a luxury car, made in Germany.
It was listed at S$562,888 on 2026-10-10, including COE as listed that day. Ask for a current figure, as prices change after COE rounds.
The price page prices the same i5 M60 xDrive 81.2 kWh.
Road tax: the big one
For the 603bhp (450kW) motor, LTA's formula gives S$6,525.90 a year, before any age surcharge. That is well above the lowest insurance premium shown below, and it sits among the highest road tax figures for any car.
It does not change with how far you drive. You pay it for as long as the car is on the road.
After 10 years, a surcharge is added:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page works out other motors.
The COE rule
Electric cars fall into a COE category by motor power. The price page sets out the rule:
- Category A if the motor is 110kW (147bhp) or less, which closed at S$132,004 in the October 2026 2nd round
- Category B if it is more powerful, which closed at S$131,901 in the same round
The listed motor is far above the Category A limit. The COE page shows later results.
Insurance: what the standard driver pays
The BMW i5 M60 price page prices one profile:
- Car: registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% no-claim discount (NCD), no claims
- Repairs: at an authorised workshop, no options
For that driver, 3 insurers price it:
- Lowest premium: S$1,830.46 a year, shared by two plans
- Dearest: S$1,933.69, which is S$103.23 more, or 6% on top
All three are estimates, and all include 9% GST. Every plan carries a S$600 excess.
That is a tight spread. The three prices sit close together, with the same excess. The plan details, not the premium, may decide between them.
The page lists 16 insurers with no online price. So 3 of 19 quote the M60 online. A firm quote may differ from these estimates. Ask for one on your own details before you set your budget. With so few insurers quoting online, it can also help to ask about cover that is not shown on the page.
What moves the price, and what does not
The page changes one detail at a time:
- No NCD (0%): S$3,660.92, which is S$1,830.46 more
- 20% NCD: S$2,928.73, S$1,098.27 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,562.64, S$732.18 more
- Driver aged 65, 20 years' driving: S$1,830.46, the same
- A new car, registered this year: S$1,830.46, the same
- A car 8 years old: S$1,830.46, the same
The NCD is the only big lever. Without it, the lowest price doubles, a rise of 100%. A young driver pays more too, but less than a driver with no NCD.
Neither the older driver nor the car's age moves the price. A new M60 and an 8-year-old one carry the same lowest premium.
Pros and cons of the M60's insurance
Pros
- The three prices are close, so a careless pick costs little.
- The excess is the same S$600 across all plans.
- Car age and an older driver leave the price unchanged.
Cons
- Only 3 insurers quote online, and all are estimates.
- Losing the NCD doubles the premium.
- It costs far more to insure than the electric cars it is compared with.
Against other electric cars
The price page lists six electric cars, for the same driver and car age:
- BYD Sealion 7: S$1,390.72
- Tesla Model Y: S$939.71
- BYD Atto 3: S$913.63
- Tesla Model 3: S$913.62
- BYD M6: S$861.41
- Aion V: S$856.84
Their average lowest price is S$979.32. The M60 costs 87% more. All six are cheaper to insure. Other BMW models are on the BMW car insurance page.
Costs only you can estimate
- Charging: home charging, if your condo or landed home allows it, or public chargers.
- Parking: season parking at home and work, plus short stays.
- ERP: depends on where and when you drive.
- Tyres and servicing: a powerful car may need specific tyres. Ask what the battery warranty covers.
- Depreciation: depends on what you pay and what the car later fetches.
Summary of yearly costs we can show
For the BMW i5 M60 xDrive 81.2 kWh:
- Road tax: S$6,525.90 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$1,830.46 a year (as of 1 November 2026)
- Insurance, no NCD: from S$3,660.92
- Insurance, driver aged 27: from S$2,562.64
The one-off cost, for reference: listed at S$562,888 on 2026-10-10, including COE as listed that day.
Before you buy: car insurance for the BMW i5 M60
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BMW i5 M60 to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.