BMW M3 insurance rates
Shedding light on car insurance prices
Average BMW M3 insurance rates
The average insurance costs for a BMW M3 is $167 a month — or $2,004 a year. Your actual cost could be more or less depending on your driving record, the number of miles you drive in a year and other factors. To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
- 2017 BMW M3
- 10,001–15,000 miles driven yearly
- No accidents in the past five years
- Anti-theft device on vehicle
- Driver located in New York
- Good credit
Our estimated price is for basic coverage, which we define as two times the state required minimum and the addition of bodily injury, property damage, uninsured motorist bodily injury and personal injury protection.
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About the BMW M3
The BMW M3 has been around since 1985 and was originally used as a race car. The BMW M3 is the high performance variant of the 3 Series model. The car is known for its remarkable performance on the streets and on the race track.
Insurance companies determine the insurance cost for a BMW M3 based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. BMW shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. BMW M3 shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
BMW M3 Series money-saving safety features
You could save money on car insurance for your BMW M3 Series if it comes equipped with these safety features.
- Airbags
- Anti-lock brakes
- Anti-theft device
- Electronic stability control
- Seatbelt pretensioners
- Lane-departure warning systems
- Adaptive cruise control
- Daytime running lights
Random BMW Facts
- BMW was founded in 1917 and entered the aircraft manufacturing market. They started manufacturing cars in 1928.
- BMW prices start at $34,000 and can go up to $154,000.
- The 3 Series line is the best selling BMW model.
- The BMW 7 Series was the most likely to get stolen, based on a ranking by the National Highway Traffic Safety Administration for 2011.
- After World War II, BMW switched to producing pots, pans and bicycles until 1948, when they restarted motorcycle production.
BMW M3 price
A 2017 BMW M3 starts at a base price of $64,000. With the average insurance rate at $2,004 per year, the annual insurance cost–to–base car price ratio is 3.1%.
Which car insurance provider is best for me?
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Question 1 of 3
Do you drive or plan to own a BMW M3?
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Based on your answers, we think these providers are right for you
Allstate Auto Insurance
Allstate is a trusted and well-established company that offers life, automobile, home, renters, condo, motorcycle and business insurance policies. Founded in 1931, the company strives to make the community safer.
Allstate car insurance comes with:
- New car replacement.
- Accident forgiveness.
- Rewards for safe driving.
How does the BMW M3 compare to other car models?
From a price standpoint, the BMW M3 ranks right in the middle of our list of the 360 priciest car models to insure. Explore the prices of other car brands and models:
Compare insurance providers that cover BMW M3
Rates last updated April 25th, 2018
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