The starting price for a 2024 BMW M3 was $76,000. Here are the average full-coverage rates for a 2024 BMW M3 from different insurers.
The BMW M3 is a high-performance sports sedan with 473 horsepower. The vehicle stands out for its handling and impressive speed, going 0–60 in just over four seconds.
The average cost of insuring a BMW M3 is $132 per month for liability-only insurance and $248 per month for full coverage. The BMW M3 sedan has a higher price tag than some similar makes and models, and it has more expensive car insurance rates.
If you’re pursuing coverage for a BMW M3, here are some other things you need to know about insuring this high-performance vehicle.
Cost of BMW M3 insurance by model year
The total average cost of BMW M3 car insurance is $190 per month, but USAA offers more affordable rates for BMW M3 insurance, according to Insurify data.
A vehicle’s model year also affects BMW M3 car insurance premiums. In the table below, you can see the average BMW M3 premium for recent model years.
A 2023 BMW M3 sedan had a manufacturer’s suggested retail price (MSRP) of $74,300. In the table below, you can see the average full-coverage car insurance quotes for a 2023 M3 from some of the top insurance companies.
The starting price for a BMW M3 in 2022 was $70,100. If you’re thinking about buying a used 2022 model, here are the average car insurance premiums from various insurers.
The MSRP of the 2021 BMW M3 was $69,900. Below, you can see how average 2021 BMW M3 full-coverage insurance rates vary based on the insurer.
BMW didn’t make the M3 in 2020 or 2019, but the 2018 BMW M3 had a starting price of $66,500. In the following table, you can see the average full-coverage car insurance premiums for the 2018 M3 from several insurers.
The MSRP of the 2017 BMW M3 was $64,000, but rates vary by insurance company. See below for the average 2017 M3 full-coverage premium from several different insurers.
The 2016 BMW M3 has a starting price of $63,500. In the following table, you’ll find the average full-coverage car insurance premium for the 2016 M3 from a few insurance companies.
Average cost of BMW insurance by state
The average cost of BMW insurance varies based on your state, city, and ZIP code. Insurers consider location-specific factors, like the number of accidents and the risk of severe weather, when setting premiums in a certain area.3
Here, you can see the average BMW insurance premium across all models by state. Alaska and Hawaii aren’t included due to lack of data.
How to ensure you have enough coverage on your BMW M3
If you own a BMW M3 or are thinking of buying one, it’s important to have enough auto insurance coverage. Here are several car insurance coverages that can be beneficial if you drive a BMW M3:
BMW M3 car insurance FAQs
If you’re shopping for BMW M3 auto insurance, here’s some additional information that can help as you compare policies.
Which company has the cheapest BMW M3 insurance?
Based on Insurify’s rate data, USAA is the cheapest insurance company for BMW M3 owners. USAA’s average BMW M3 insurance premiums are $127 for full coverage and $61 for liability-only insurance. Other insurers with cheap BMW M3 insurance rates are GEICO and State Farm.
How much does it cost to insure a BMW M3?
The average cost of BMW M3 car insurance is $132 per month for minimum coverage and $248 per month for full coverage. Annually, that’s about $1,584 for minimum coverage and $2,976 for full coverage.
Is a BMW M3 expensive to insure?
The BMW M3 is more expensive to insure than some similar makes and models. The total average monthly cost to insure a BMW M3 is $190, which is higher than an Audi A6 ($182) or a Mercedes-Benz C-Class ($185), for example.
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