BMW M3 Car Insurance Calculator

Monitor in real-time how changes to driver risk factors and vehicle options impact the cost of insurance for a BMW M3. Update factors like your location, homeowner status, and credit score to get insights on how rates change. Immediately see if rates increase or decrease with changes you make.

The average estimated car insurance premium for a 2024 BMW M3 is $2,960 per year, or about $247 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,960

Cost Per Month

$247

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW M3 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a BMW M3.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,960
Average Rate
Your Rate
$2,960

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year BMW M3.

The 'Average Rate' is a combined value for all BMW M3 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 BMW M3 is $2,960.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 BMW M3 vs. the Sports Car Segment

The table below compares insurance rates for the 2024 BMW M3 against all other models in the sports car segment. The BMW M3 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW M3, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M3.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 BMW M3 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$2,166-$794
2Toyota GR86$2,468-$492
3Ford Mustang$2,572-$388
4BMW Z4$2,590-$370
5Subaru WRX$2,624-$336
6Toyota GR Supra$2,632-$328
7BMW M2$2,708-$252
8Nissan Z$2,716-$244
9Lexus RC F$2,766-$194
10Subaru BRZ$2,802-$158
11BMW M3$2,960--
12Porsche 718$3,016$56
13Chevrolet Camaro$3,044$84
2024 Sports Car Average$3,222$262
14Chevrolet Corvette$3,244$284
15Porsche 911$3,356$396
16BMW M4$3,494$534
17Lexus LC 500$3,514$554
18Jaguar F-Type$3,694$734
19Mercedes-Benz AMG GT53$3,876$916
20Porsche Taycan$3,968$1,008
21Mercedes-Benz SL 55$4,520$1,560
22Nissan GT-R$4,562$1,602
23Mercedes-Benz SL 63$4,812$1,852

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 M3 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 BMW M3.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 BMW M3 Insurance Rates by Trim Level
2024 BMW M3 Trim Level Annual Premium Cost Per Month
Sedan$2,888$241
Competition Sedan$2,960$247
Competition xDrive Sedan$3,030$253

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 BMW M3 for different driver ages.

2024 BMW M3 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$10,344$862
17$10,074$840
18$9,131$761
19$8,285$690
20$6,374$531
21$6,087$507
22$5,472$456
23$4,467$372
24$4,236$353
25$3,440$287
30$3,166$264
35$3,038$253
40$2,960$247
45$2,758$230
50$2,608$217
55$2,432$203
60$2,440$203
65$2,600$217
70$2,790$233
75$3,252$271
80$3,994$333

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW M3 trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the BMW M3.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average BMW M3 Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 BMW M3$2,960$247
2023 BMW M3$2,876$240
2022 BMW M3$2,768$231
2018 BMW M3$2,834$236
2017 BMW M3$2,634$220
2016 BMW M3$2,492$208
2015 BMW M3$2,178$182
2013 BMW M3$1,862$155

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all BMW M3 trim levels for each model year.