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