Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

BMW M3 insurance rates

Average M3 insurance cost? $275. But your chariot can go cheaper — see quotes from Progressive.

Compare and save on car insurance

Enter your ZIP code to see insurers near you.

Your information is secure.


We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a BMW M3 is $275.16 — or, $3,302 annually. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. Some older models may cost less to insure than others depending on which safety features your vehicle has and which insurer you choose.

Model YearProgressiveGeicoState FarmFarmersAverage
2011 BMW M3$170.42$136.66$216.88$221.70$186.42
2016 BMW M3$180.75$181.46$293.28$317.10$243.15
2021 BMW M3$235.43$277.50$305.52$282.18$275.16

How we got these rates

Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000
Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
AARP Auto Insurance Program from The Hartford
Yes
Yes
TrueLane®
No
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
The Zebra
Yes
Yes
Yes
Yes
All 50 states
Progressive
loan/lease coverage
Yes
Snapshot
Yes
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
USAA
No
Yes
SafePilot
Yes
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
Branch
Yes
No
Yes
Yes
AZ, CO, IL, IN, MD, MO, OH, OK, TX and WI
Benefit from this online-based startup’s steep savings and convenient online quotes and claims.
loading

Compare up to 4 providers

Get the cheapest quotes for your Bmw M3

Enter your zip code to compare providers in your area.

Your information is secure

Factors that affect the M3’s insurance cost

The M3’s moderate car value, expectedly high safety and few thefts should keep your insurance rates down for a luxury sedan. Keep in mind that insurance companies use a variety of factors that weigh into your rates, including your location and driving record.

  • Car value — Its value keeps rates on par with other luxury cars

You won’t see higher insurance premiums solely because of the M3’s value. The M3 has a starting price tag of $70,895, which rides in the middle of other luxury performance cars.

  • Safety — No safety ratings, but similar BMWs see top safety

The M3 hasn’t been crash-tested by the National Highway Traffic Safety Administration (NHTSA) or the Insurance Institute for Highway Safety (IIHS). However, similar BMWs like the 3-Series score top ratings from safety organizations.

  • Theft — It’s not a target for theft, keeping insurance rates down

The latest theft rate for the BMW M3 is 0.28 per 1,000 cars made. This rate is much lower than the NHTSA’s median of 3.58 thefts per 1,000 cars, showing that the M3 doesn’t have much history of theft.

Theft rates are for the latest model year with theft data available and should be used only for a general idea of theft history. The NHTSA database currently includes theft data for 2004 to 2014 models.

Compare the M3’s insurance factors to similar cars

While you’ll pay more for insurance than nonluxury sedans, rest assured that the BMW M3’s premium is similar to other luxury performance cars. As we’d expect, though, cars with a lower price tag or less powerful engine like the 2021 Dodge Charger see lower rates.

Performance sedans similar to BMW M3Monthly cost to insureCar valueSafety rating by NHTSALatest theft rate
2021 BMW M3$275.16$70,895Not rated0.28
2021 Dodge Charger$212.10$32,6205 of 5 stars4.77
2021 Tesla Model S$306.22$81,190Not rated0.11
2021 Mercedes-Benz CLS-Class$270.11$71,350Not rated0.72

We found safety ratings and theft rates from the National Highway Traffic Safety Administration (NHTSA). We also found 2021 car values from Car and Driver’s car model reviews.

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
  • Antilock brakes
  • Antitheft device
  • Electronic stability control
  • Lane-departure warning
  • Adaptive cruise control

Your rates may be different based on details such as your age, location, job type, annual mileage and more.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site