BMW Z3 Insurance Rates

You found a BMW Z3 for sale. But Is insurance expensive for a BMW? Like most luxury vehicles, BMW Z3 insurance rates will be higher than economy sedans. However, you can lower your BMW Z3 insurance costs by reading through our comprehensive guide.

The BMW Z3 was discontinued in 2002, however, this retired sports car is beloved by many motor enthusiasts. If you manage to find one, you might consider purchasing higher coverage that includes comprehensive coverage to protect your collectible car.

Keep reading to learn what is comprehensive coverage on a car insurance policy for a classic luxury vehicle like the BMW Z3, and to determine what level of coverage is right for you.

Ready to get affordable car insurance for your BMW Z3? Enter your five-digit ZIP code into our FREE quote comparison tool to immediately get started.

BMW Z3 Car Insurance Rate Summary

When it comes to BMW Z3 car insurance rates, your premiums depend on your unique demographics as the driver.

Comparing auto insurance by quoting online can be fast and easy and at the same time you can save money. The most important part is to get rates from all companies so you can compare the lowest prices.

If you've never shopped for auto insurance online, it's easy to be confused by the hoards of companies offering insurance. Finding a lower price on BMW Z3 insurance is a fairly straight forward process. Drivers just need to take a little time getting comparison quotes provided by online insurance companies. This can be done by visiting this page.

Car insurance premiums on a BMW Z3 can fluctuate considerably depending on several factors. Taken into consideration are:

• A clean driving record keeps rates low
• Credit rating impacts rates
• Your location impacts rates
• The number of annual miles
• Your gender can raise or lower rates
• Higher deductibles save money
• Your vehicle's safety rating
• Your claim history
• Having continuous coverage saves you money
• Whether you rent or own your home

An additional factor that can impact BMW Z3 insurance rates is the year of the vehicle. Used vehicles have a reduced actual cash value than newer models so the cost to replace them may result in lower rates. Although newer models may have safety features included like all-wheel drive, a rollover prevention system, and adaptive headlights which may provide discounts that lower premiums.

Liability coverages - damages or injuries you inflict on things such as emergency aid, pain and suffering, and medical services. .

Collision insurance - an object or car. . , . .

Comprehensive coverage (or Other than Collision) - that is not covered by collision coverage. . you can receive from a comprehensive claim , .

Uninsured Motorist or Underinsured Motorist insurance - This . , . .

Coverage for medical payments - expenses doctor visits, EMT expenses, and X-ray expenses. . .

As you’ve learned from the information above, many factors impact your BMW insurance rates. For example, your age plays a major role. BMW Z3 insurance for 17-year-olds will be substantially higher than the average rates for an older, more experienced driver. Maintaining a clean driving record and seeking out insurance discounts will also help you keep your premiums low.  

Ready to see what the top car insurance companies will charge you for your BMW Z3 roadster? Secure better than average insurance costs for your BMW Z3 coupe by entering your ZIP code into our FREE quote comparison tool below. 

What are the safety ratings for the BMW Z3?

Understanding the BMW Z3 safety ratings can help you see where you can qualify for car insurance discounts, or discover what aspects of your vehicle might be increasing your premiums. Check out the safety ratings for the 2002 BMW Z3 below.

• Moderate overlap front: Good
• Head restraints and seats: Poor

A rating of Good is the best score given by the Insurance Institute for Highway Safety. Insurance companies will ask, is the BMW Z3 reliable? But because this car fared poorly for head restraints and seats, you can expect to receive higher insurance rates. 

When calculating your rates, insurance companies will also ask are BMW Z3 parts expensive to replace? This luxury vehicle was discontinued after 2002, meaning there is no BMW Z3 2020 model. 

Just because a vehicle has been discontinued, that does not always lead to higher insurance rates. However, it is important to acknowledge that the BMW Z3 service costs are much higher than average. 

Because fixing and replacing your vehicle costs more, insurance companies view it as a higher-risk product. Unfortunately, this means you should expect higher than average car insurance rates as well. 

There also aren’t that many BMW Z3s left on the road. Exactly how many BMW Z3 are left? While only 300,000 were produced in total, less than 8,000 were registered in the UK in 2020, where the vehicle is the most popular. 

In America, those numbers are even lower. Therefore, your BMW Z3 price for insurance will be higher than average not only because of its higher maintenance costs but also because of its rarity. 

BMW Z3 Compared Against other Vehicles in the Same Class

Comparing the BMW Z3 to similar vehicles can help you save money, especially if the BMW Z3 has a better loss ratio than other vehicles in its class.

Asking broader questions, like is BMW or Mercedes cheaper to insure, can be misleading because each company produces so many different kinds of cars. In other words, comparing the insurance rates for a brand new Mercedes-Benz SUV to the rates for the classic discontinued Z3 sports car is like comparing apples to oranges. 

Therefore, we suggest looking at the rates and insurance loss ratios for vehicles that are in the same class. Officially, the Insurance Institute for Highway Safety classifies it as a small sports car. Check out the following list of comparable small sports cars below.

• Honda S2000
• Mazda MX-5 Miata
• Toyota MR2 Spyder

In the early 2000s, the BMW Z3 had substantially better than average injury insurance loss ratios than other similar vehicles at -51 percent. Every other category was average.  

How much is a Z3 worth? Just under $10,000 in total. However, it depends on the age of the car. For example, if you’re wondering how much is a 1997 BMW Z3 worth, that’s closer to $7,000 total.

Is the BMW Z3 a collectible car? Yes, in fact, many motor-enthusiasts consider this vehicle to be a classic collectible. Some BMW Z3 models are highly sought after, like the coupe version. The special value of this vehicle, unfortunately, means higher insurance rates. 

If you’re looking for a BMW Z3 Coupe for sale, remember what we’ve covered in this article. Whether you’re buying a BMW Z3 for sale from craigslist or from a dealership, expect this discontinued sportscar to be a little more expensive to insure. 

You’ve read through our entire BMW Z3 review. Is a BMW Z3 a good car for you? If so, secure the lowest possible BMW Z3 insurance rates by entering your ZIP code into our FREE quote comparison tool.