BMW M3 Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 18, 2021
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
U.S. average insurance prices for a BMW M3 are $1,684 every 12 months including full coverage. Comprehensive insurance costs approximately $358, collision costs $726, and liability costs $442. Buying just liability costs as little as $496 a year, with insurance for high-risk drivers costing $3,676 or more. Teens pay the highest rates at $6,218 a year or more.
Average premium for full coverage: $1,684
Price estimates by individual coverage:
Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and for different M3 trim levels.
Price Range from Low to High
For the normal driver, BMW M3 insurance prices go from the cheapest price of $496 for just liability insurance to a much higher rate of $3,676 for a driver who has had serious violations or accidents.
Geographic Price Range
Your location can have significant affects on car insurance prices. Rural locations have more infrequent comprehensive and collision claims than cities with more traffic congestion.
The price range example below illustrates how geographic area affects auto insurance prices.
The ranges above highlight why anyone shopping for car insurance should compare rates using their specific location and their own driving history, instead of using averaged prices.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
More Rate Details
The chart below breaks down estimated BMW M3 insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $944
- Drivers who choose higher $1,000 deductibles will pay $246 every year
- The average price for the average middle-age driver who chooses $500 deductibles is $1,684
- Selecting more expensive low deductibles for comprehensive and collision insurance costs an extra $482 every year
- Higher-risk drivers with serious driving violations could pay around $3,676 or more
- The price to insure a teen driver with full coverage can cost $6,218 a year
Insurance prices for a BMW M3 are also quite variable based on deductibles and policy limits, your driving characteristics, and the model of your M3.
Choosing higher comprehensive and collision insurance deductibles could save up to $730 every year, while increasing your policy's liability limits will push prices upward. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $398 more each year. View Rates by Deductible or Liability Limit
An older driver with no violations or accidents and higher deductibles may pay as little as $1,600 per year on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay in the ballpark of $6,200 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you are likely paying anywhere from $2,000 to $2,700 additional each year, depending on your age. High-risk driver insurance can cost as much as 43% to 132% more than the average policy. View High Risk Driver Rates
The state you live in makes a big difference in BMW M3 insurance prices. A 40-year-old driver could pay as low as $1,290 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,400 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,524 | -$160 | -9.5% |
| Alaska | $1,292 | -$392 | -23.3% |
| Arizona | $1,400 | -$284 | -16.9% |
| Arkansas | $1,684 | -$0 | 0.0% |
| California | $1,920 | $236 | 14.0% |
| Colorado | $1,608 | -$76 | -4.5% |
| Connecticut | $1,732 | $48 | 2.9% |
| Delaware | $1,906 | $222 | 13.2% |
| Florida | $2,106 | $422 | 25.1% |
| Georgia | $1,556 | -$128 | -7.6% |
| Hawaii | $1,210 | -$474 | -28.1% |
| Idaho | $1,140 | -$544 | -32.3% |
| Illinois | $1,256 | -$428 | -25.4% |
| Indiana | $1,270 | -$414 | -24.6% |
| Iowa | $1,136 | -$548 | -32.5% |
| Kansas | $1,602 | -$82 | -4.9% |
| Kentucky | $2,300 | $616 | 36.6% |
| Louisiana | $2,494 | $810 | 48.1% |
| Maine | $1,040 | -$644 | -38.2% |
| Maryland | $1,390 | -$294 | -17.5% |
| Massachusetts | $1,348 | -$336 | -20.0% |
| Michigan | $2,926 | $1,242 | 73.8% |
| Minnesota | $1,410 | -$274 | -16.3% |
| Mississippi | $2,020 | $336 | 20.0% |
| Missouri | $1,494 | -$190 | -11.3% |
| Montana | $1,812 | $128 | 7.6% |
| Nebraska | $1,328 | -$356 | -21.1% |
| Nevada | $2,020 | $336 | 20.0% |
| New Hampshire | $1,212 | -$472 | -28.0% |
| New Jersey | $1,882 | $198 | 11.8% |
| New Mexico | $1,492 | -$192 | -11.4% |
| New York | $1,776 | $92 | 5.5% |
| North Carolina | $970 | -$714 | -42.4% |
| North Dakota | $1,380 | -$304 | -18.1% |
| Ohio | $1,164 | -$520 | -30.9% |
| Oklahoma | $1,730 | $46 | 2.7% |
| Oregon | $1,542 | -$142 | -8.4% |
| Pennsylvania | $1,608 | -$76 | -4.5% |
| Rhode Island | $2,248 | $564 | 33.5% |
| South Carolina | $1,526 | -$158 | -9.4% |
| South Dakota | $1,422 | -$262 | -15.6% |
| Tennessee | $1,476 | -$208 | -12.4% |
| Texas | $2,030 | $346 | 20.5% |
| Utah | $1,248 | -$436 | -25.9% |
| Vermont | $1,154 | -$530 | -31.5% |
| Virginia | $1,012 | -$672 | -39.9% |
| Washington | $1,302 | -$382 | -22.7% |
| West Virginia | $1,544 | -$140 | -8.3% |
| Wisconsin | $1,166 | -$518 | -30.8% |
| Wyoming | $1,502 | -$182 | -10.8% |
Since prices can be so different, the best way to figure out who has the best auto insurance prices is to compare prices and see which company has the best price. Every company calculates prices differently, and prices may be quite different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| BMW M3 4-Dr Sedan | $1,608 | $134 |
| BMW M3 CI 2-Dr Coupe | $1,722 | $144 |
| BMW M3 2-Dr Convertible | $1,722 | $144 |
Rates assume 2018 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2018 BMW M3 | $358 | $726 | $442 | $1,684 |
| 2015 BMW M3 | $318 | $568 | $460 | $1,504 |
| 2011 BMW M3 | $258 | $424 | $474 | $1,314 |
| 2009 BMW M3 | $234 | $354 | $474 | $1,220 |
| 2008 BMW M3 | $220 | $320 | $474 | $1,172 |
| 2006 BMW M3 | $210 | $282 | $460 | $1,110 |
| 2005 BMW M3 | $206 | $268 | $452 | $1,084 |
| 2004 BMW M3 | $190 | $254 | $446 | $1,048 |
| 2003 BMW M3 | $182 | $242 | $442 | $1,024 |
Rates are averaged for all BMW M3 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for Cheaper BMW M3 Insurance
Getting lower rates on car insurance not only requires being safe and accident-free, but also having above-average credit, being claim-free, and qualifying for all possible discounts. Invest the time to compare rates every other policy renewal by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local car insurance providers.
Below you'll find a condensed summary of the ideas that were presented in the illustrations above.
- Youthful drivers are the costliest to insure, possibly costing $518 a month if full coverage is included
- Higher risk drivers with multiple at-fault accidents could be charged and average of $1,990 more per year than a low-risk driver
- Increasing physical damage deductibles could save as much as $725 each year
- You may be able to save around $210 per year simply by shopping early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,218 |
| 20 | $3,920 |
| 30 | $1,766 |
| 40 | $1,684 |
| 50 | $1,538 |
| 60 | $1,510 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,166 |
| $250 | $1,942 |
| $500 | $1,684 |
| $1,000 | $1,438 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,684 |
| 50/100 | $1,810 |
| 100/300 | $1,921 |
| 250/500 | $2,208 |
| 100 CSL | $1,855 |
| 300 CSL | $2,098 |
| 500 CSL | $2,275 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,916 |
| 20 | $6,254 |
| 30 | $3,766 |
| 40 | $3,676 |
| 50 | $3,508 |
| 60 | $3,478 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $92 |
| Multi-vehicle | $90 |
| Homeowner | $24 |
| 5-yr Accident Free | $132 |
| 5-yr Claim Free | $111 |
| Paid in Full/EFT | $82 |
| Advance Quote | $87 |
| Online Quote | $122 |
| Total Discounts | $740 |
Discounts are estimated and may not be available from every company or in every state.
Compare Rates and Save
Find companies with the cheapest rates in your area
Secured with SHA-256 Encryption
