BMW M3 Insurance Rates

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How much is insurance on a M3?

The 2005 BMW M3 has a starting MSRP of about $55,000 USD.

Is insurance high on a BMW?

In some cases, certain models have been known as being one of the most expensive vehicles to insure. In other cases, BMW drivers themselves say that they pay higher rates with their insurer simply because they drive a BMW.

Is M3 expensive?

The question I keep seeing time and time again is ''Is M3 really worth it?'' Yes, the price tag of $250 can be a hard barrier for those trying to get into the world of 3D printing. There are many reasons why this printer deserves that price tag. In return, though, I feel as if there should also be some things that people should know before they make their decision. The way you look at it will determine your answer on whether or not it's worth it.

Is the BMW i3 expensive to insurance?

BMW i3 owners are likely to pay more for their car insurance than people who own conventionally fuelled vehicles. The BMW i3 is one of the most expensive electric cars to insure, but even so, its premium would still be less than that of both the Tesla Model S and Audi e-Tron. However, if you're planning on buying an electric car, then it's important to shop around as premiums may vary significantly between insurers.

BMW M3BMW M3

BMW M3 Trims Available

Model and Trim Annual Premium Monthly Premium
BMW M3 4-Dr Sedan $1664 $138
BMW M3 CI 2-Dr Coupe $1791 $150
BMW M3 2-Dr Convertible $1799 $149

Model by Year

Model Year Comprehensive Collision Liability Total Premium
2018 BMW M3 $398 $795 $414 $1747
2017 BMW M3 $380 $758 $434 $1726
2016 BMW M3 $356 $727 $441 $1682
2015 BMW M3 $348 $680 $457 $1650
2013 BMW M3 $316 $575 $461 $1524
2012 BMW M3 $299 $525 $461 $1433
2011 BMW M3 $287 $492 $463 $1410
2010 BMW M3 $279 $457 $477 $1386
2009 BMW M3 $261 $426 $477 $1311
2008 BMW M3 $254 $391 $477 $1276
2006 BMW M3 $222 $323 $472 $1176
2005 BMW M3 $215 $291 $470 $1139
2004 BMW M3 $209 $284 $461 $1106
2003 BMW M3 $208 $269 $453 $1093
2002 BMW M3 $191 $253 $445 $1052
2001 BMW M3 $185 $244 $447 $1023

Cost by Driver Age and Deductibles

Driver Age Deductible Annual Cost Monthly Cost
20$999$3630$301
$504$4317$366
$253$5073$428
30$998$1914$159
$503$2288$194
$253$2699$228
40$996$1823$152
$503$2175$182
$250$2537$213
50$1004$1658$137
$501$1965$166
$251$2324$191
60$1008$1611$136
$506$1935$161
$249$2261$189

Cost by State

State Premium Compared to U.S. Avg Percent Difference
Alabama $1590 $169 -9.6%
Alaska $1351 $408 -23.3%
Arizona $1459 $299 -17.1%
Arkansas $1759 -$0 0.0%
California $2003 $245 14.0%
Colorado $1682 $76 -4.3%
Connecticut $1809 $50 2.9%
Delaware $1989 $231 13.1%
Florida $2200 $442 25.2%
Georgia $1624 $135 -7.6%
Hawaii $1263 $496 -28.3%
Idaho $1190 $568 -32.4%
Illinois $1309 $450 -25.7%
Indiana $1325 $434 -24.8%
Iowa $1188 $570 -32.5%
Kansas $1672 $86 -4.9%
Kentucky $2399 $640 36.5%
Louisiana $2604 $845 48.3%
Maine $1084 $675 -38.5%
Maryland $1451 $307 -17.6%
Massachusetts $1405 $353 -20.2%
Michigan $3053 $1295 73.9%
Minnesota $1471 $287 -16.4%
Mississippi $2106 $347 19.8%
Missouri $1560 $199 -11.3%
Montana $1891 $132 7.5%
Nebraska $1387 $371 -21.2%
Nevada $2108 $349 20.0%
New Hampshire $1269 $490 -28.0%
New Jersey $1965 $207 11.8%
New Mexico $1556 $203 -11.5%
New York $1853 $94 5.4%
North Carolina $1014 $745 -42.6%
North Dakota $1439 $319 -18.3%
Ohio $1217 $542 -30.9%
Oklahoma $1805 $46 2.6%
Oregon $1610 $149 -8.4%
Pennsylvania $1676 $82 -4.7%
Rhode Island $2345 $586 33.4%
South Carolina $1592 $167 -9.5%
South Dakota $1486 $273 -15.6%
Tennessee $1540 $219 -12.4%
Texas $2120 $361 20.6%
Utah $1301 $458 -26.1%
Vermont $1202 $556 -31.7%
Virginia $1054 $705 -40.3%
Washington $1361 $397 -22.7%
West Virginia $1612 $147 -8.3%
Wisconsin $1217 $542 -30.9%
Wyoming $1566 $193 -11.0%

Other BMW models

Other styles

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $64
Multi-vehicle $61
Homeowner $17
5-yr Accident Free $81
5-yr Claim Free $86
Paid in Full/EFT $47
Advance Quote $66
Online Quote $94

Compare Rates and Save

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Discounts are estimated and may not be available from every company or in every state.

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