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BMW M3 insurance rates cost $247 more than the average vehicle, but you can save up to $728 per year on policy discounts. Continue reading to learn more about how to save on BMW M3 insurance rates.
You can start comparing quotes for BMW M3 auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Table of Contents
The average auto insurance costs for a BMW M3 are $1,766 a year or $147 a month.
The chart below details how BMW M3 insurance rates compare to other luxury cars like the Audi A7, Chevrolet Corvette, and Audi A6.
| Vehicle | Comprehensive | Collision | Liability | Total |
| BMW M3 | $406 | $804 | $398 | $1,766 |
| Audi A7 | $406 | $834 | $398 | $1,796 |
| Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| Audi A6 | $382 | $744 | $398 | $1,682 |
| Audi A4 | $332 | $656 | $398 | $1,544 |
| Audi S8 | $658 | $1368 | $398 | $2,582 |
| Lexus IS 300 | $356 | $686 | $398 | $1,598 |
However, there are a few things you can do to find the cheapest BMW insurance rates online.
The BMW M3 trim and model you choose can impact the total price you will pay for BMW M3 insurance coverage.
The average BMW M3 auto insurance rates are higher for newer models. For example, auto insurance for a 2018 BMW M3 costs $1,766, while 2010 BMW M3 insurance costs are $1,398, a difference of $368.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2018 BMW M3 | $406 | $804 | $398 | $1,766 |
| 2017 BMW M3 | $394 | $784 | $416 | $1,752 |
| 2016 BMW M3 | $380 | $752 | $430 | $1,720 |
| 2015 BMW M3 | $358 | $726 | $442 | $1,684 |
| 2013 BMW M3 | $332 | $634 | $456 | $1,580 |
| 2012 BMW M3 | $318 | $568 | $460 | $1,504 |
| 2011 BMW M3 | $296 | $522 | $460 | $1,436 |
| 2010 BMW M3 | $286 | $490 | $464 | $1,398 |
Driver age can have a significant effect on BMW M3 auto insurance rates. For example, 30-year-old drivers pay $78 more for BMW M3 auto insurance than 40-year-old drivers.
Where you live can have a large impact on BMW M3 insurance rates. For example, drivers in Los Angeles may pay $1,519 a year more than drivers in Indianapolis.
Your driving record can have an impact on the cost of BMW M3 auto insurance. Teens and drivers in their 20’s have the highest jump in their BMW M3 auto insurance with violations on their driving record.
Your BMW M3 auto insurance rates are tied to the BMW M3’s safety ratings. See the breakdown below:
| Test Type | Rating |
| Small overlap front: driver-side | N/A |
|---|---|
| Small overlap front: passenger-side | N/A |
| Moderate overlap front | N/A |
| Side | N/A |
| Roof strength | N/A |
| Head restraints and seats | N/A |
| Source: Insurance Institute for Highway Safety | |
BMW M3 crash test ratings can impact your BMW M3 auto insurance rates. See BMW M3 crash test results below:
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 2018 BMW M3 4 DR RWD | N/R | N/R | N/R | N/R |
| 2017 BMW M3 4 DR RWD | N/R | N/R | N/R | N/R |
| 2016 BMW M3 4 DR RWD | N/R | N/R | N/R | N/R |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
The numerous safety features of the BMW M3 help contribute to lower insurance rates. The 2020 BMW M3 has the following safety features:
Another contributing factor that plays a direct role in BMW M3 insurance rates is the loss probability for each type of coverage.
| Insurance Coverage Category | Loss Rate |
| Collision | 202% |
|---|---|
| Property Damage | no data |
| Comprehensive | 86% |
| Personal Injury | no data |
| Medical Payment | no data |
| Bodily Injury | no data |
| Source: Insurance Institute for Highway Safety | |
If you are financing a BMW M3, most lenders will require your carry higher BMW M3 coverage options including comprehensive coverage, so be sure to shop around and compare BMW M3 auto insurance quotes from the best auto insurance companies using our FREE tool below.
There are many ways that you can save on BMW M3 auto insurance to get the best value possible. Below are five scenarios you can explore to help keep your BMW M3 auto insurance rates low.
Who is the top auto insurance company for BMW M3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW M3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the BMW M3 offers.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | GEICO | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
Start comparing BMW M3 auto insurance quotes for free by using our convenient online comparison tool.
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