Why BMW M3 Insurance Costs So Much and What You Can Do

How much does car insurance for a BMW M3 cost? We break down average insurance rates for the M3 to discover how average prices rank against the entire sports car segment.

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  • Average BMW M3 insurance cost is $2,834 per year, or $236 per month for full coverage.
  • When compared to other sports cars, the BMW M3 is one of the more expensive sports cars to insure, costing $239 more per year on average.

How much does BMW M3 insurance cost?

BMW M3 car insurance averages around $2,834 yearly, or $236 monthly. Overall, expect to pay about $239 more per year to insure a BMW M3 when compared to the average rate for all sports cars, and $613 more per year than the all-vehicle national average of $2,221.

The chart below shows how BMW M3 auto insurance rates can differ depending on driver age and comprehensive and collision deductibles. The prices shown are for an annual policy, and vary from the cheapest rate of $1,974 per year for a driver age 60 with a $1,000 policy deductible to the highest cost estimate of $6,698 per year for a 20-year-old driver with low policy deductibles.

Average 2018 BMW M3 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2018 BMW M3 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

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Data Methodology: Average premiums are based on a 2018 model year BMW M3. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2018 BMW M3 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$4,824$402
$500$5,732$478
$250$6,698$558
30-Year-Old$1,000$2,528$211
$500$3,030$253
$250$3,556$296
40-Year-Old$1,000$2,374$198
$500$2,834$236
$250$3,320$277
50-Year-Old$1,000$2,106$176
$500$2,506$209
$250$2,924$244
60-Year-Old$1,000$1,974$165
$500$2,346$196
$250$2,738$228

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2018 BMW M3. Updated June 27, 2025

The rate table below breaks down average insurance rates for a BMW M3 for the 2013 to 2018 model years and for different driver ages.

BMW M3 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 BMW M3$5,936$2,960$2,440
2023 BMW M3$5,778$2,876$2,374
2022 BMW M3$5,542$2,768$2,284
2018 BMW M3$5,732$2,834$2,346
2017 BMW M3$5,304$2,634$2,182
2016 BMW M3$5,024$2,492$2,068
2015 BMW M3$4,364$2,178$1,804
2013 BMW M3$3,730$1,862$1,550

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. Updated June 27, 2025

Average insurance rates for 2013 to 2024 BMW M3 models for drivers age 20, 40 and 60
Average insurance rates for 2013 to 2024 BMW M3 models for drivers age 20, 40 and 60

More rate data and insights

Additional car insurance rates and policy discounts as they relate to insurance costs on a BMW M3 include:

  • The higher deductible you choose, the lower the policy cost. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $460 per year for a 40-year-old driver and $908 per year for a 20-year-old driver.
  • Low deductibles make insurance more expensive. Decreasing your deductibles from $500 to $250 could cost an additional $486 per year for a 40-year-old driver and $966 per year for a 20-year-old driver.
  • Tickets and violations can cost a lot. If you want the cheapest BMW M3 car insurance, it’s necessary to obey traffic laws. Just a couple of traffic violations have the consequence of raising insurance costs by as much as $760 per year.
  • Fewer accidents save money. Having a few at-fault accidents can really raise rates, potentially as much as $4,076 per year for a 20-year-old driver and as much as $852 per year for a 50-year-old driver.
  • Prepare for sticker shock for high-risk insurance. For a 30-year-old driver, the need to buy a high-risk policy can cause a rate increase of $3,506 or more per year.
  • Getting older pays dividends in cheaper insurance. The difference in 2018 BMW M3 insurance cost between a 60-year-old driver ($2,346 per year) and a 30-year-old driver ($3,030 per year) is $684, or a savings of 25.4%.
  • Young males pay a lot more for insurance. For a 2018 BMW M3, a 20-year-old man pays an average rate of $5,732 per year, while a 20-year-old female driver will pay $4,102, a difference of $1,630 per year. The females get the cheaper rate by far. But by age 50, the rate for men is $2,506 and the rate for females is $2,444, a difference of only $62.

How do BMW M3 car insurance rates rank?

The BMW M3 ranks 16th out of 21 total vehicles in the sports car segment for most affordable car insurance prices. The M3 costs an average of $2,834 per year for insurance and the class median rate is $2,595 per year, a difference of $239 per year.

When compared side-by-side to other vehicles in the sports car segment, auto insurance rates for a BMW M3 cost $770 more than the Subaru WRX, $560 more than the Ford Mustang, $292 more than the Dodge Challenger, and $432 more than the Chevrolet Corvette.

The next chart shows how well BMW M3 insurance rates fare against the best-selling sports cars. A table is also added following the chart that illustrates insurance rate comparisons for all 21 models in the sports car category.

Average 2018 BMW M3 car insurance premium compared to other sports car models.
Figure 2: Average 2018 BMW M3 car insurance premium compared to other sports car models. Rates updated on June 26, 2025.

Data Methodology: Average rates are for a 2018 model year BMW M3. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all BMW M3 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

BMW M3 Insurance Cost Compared to All Sports Cars
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$1,490-$1,344
2Audi TT$2,028-$806
3Subaru WRX$2,064-$770
4Nissan 370Z$2,116-$718
5Subaru BRZ$2,134-$700
6BMW M2$2,202-$632
7Ford Mustang$2,274-$560
8Chevrolet Camaro$2,370-$464
9Lexus RC F$2,378-$456
10Chevrolet Corvette$2,402-$432
11Dodge Challenger$2,542-$292
12Alfa Romeo 4C$2,590-$244
13BMW M4$2,700-$134
14Lexus LC 500$2,750-$84
15Jaguar F-Type$2,754-$80
16BMW M3$2,834--
17Porsche 911$2,916$82
18Acura NSX$3,288$454
19Nissan GT-R$3,390$556
20Maserati Granturismo$3,602$768
21Audi R8$3,664$830

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 vehicle from the 2018 model year. Updated June 26, 2025