- 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.
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.
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
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.

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