BMW M3 Car Insurance Rates for 2022

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 $2,094 per year, or $175 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 $181 more per year on average.

How much does BMW M3 insurance cost?

BMW M3 car insurance averages around $2,094 yearly, or $175 monthly. Overall, expect to pay about $181 more per year to insure a BMW M3 when compared to the average rate for all sports cars, and $543 more per year than the all-vehicle national average of $1,551.

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 $1,570 per year for a driver age 60 with a $1,000 policy deductible to the highest cost estimate of $4,894 per year for a 20-year-old driver with low policy deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2018 BMW M3 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW M3 trim levels.Data last updated on April 14, 2022
BMW M3 Car Insurance Rates
BMW M3 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,516$293
$500$4,186$349
$250$4,894$408
30$1,000$1,840$153
$500$2,210$184
$250$2,598$217
40$1,000$1,754$146
$500$2,094$175
$250$2,450$204
50$1,000$1,600$133
$500$1,906$159
$250$2,226$186
60$1,000$1,570$131
$500$1,870$156
$250$2,186$182

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 for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$3,878$2,078$1,960$1,780$1,746
2018$4,186$2,210$2,094$1,906$1,870
2017$3,930$2,072$1,968$1,792$1,758
2016$3,806$2,000$1,902$1,732$1,700
2015$3,386$1,790$1,696$1,546$1,518
2013$2,802$1,478$1,408$1,284$1,262

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 20, 2022
BMW M3 Insurance Cost by Model Year

More rate data and insights

Additional car insurance rates and policy discounts as they relate to insurance cost 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 $340 per year for a 40-year-old driver and $670 per year for a 20-year-old driver.
  • Low deductibles makes insurance more expensive. Decreasing your deductibles from $500 to $250 could cost an additional $356 per year for a 40-year-old driver and $708 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 consequences of raising insurance cost by as much as $552 per year.
  • Fewer accidents saves money. Having a few at-fault accidents can really raise rates, potentially as much as $2,954 per year for a 20-year-old driver and as much as $674 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 $2,570 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 ($1,870 per year) and a 30-year-old driver ($2,210 per year) is $340, or a savings of 15.4%.
  • Young males pay a lot more for insurance. For a 2018 BMW M3, a 20-year-old man pays an average rate of $4,186 per year, while a 20-year-old female driver will pay $3,086, a difference of $1,100 per year. The females get the cheaper rate by far. But by age 50, the rate for men is $1,906 and the rate for females is $1,866, a difference of only $40.

How do BMW M3 car insurance rates rank?

The BMW M3 ranks #16 out of 21 total vehicles in the sports car segment for most affordable car insurance prices. The M3 costs an average of $2,094 per year for insurance and the class median rate is $1,913 per year, a difference of $181 per year.

When compared side-by-side to other vehicles in the sports car segment, auto insurance rates for a BMW M3 cost $572 more than the Subaru WRX, $414 more than the Ford Mustang, $218 more than the Dodge Challenger, and $326 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.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2018 model year BMW M3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW M3 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on April 2, 2022
BMW M3 vs Top 10 Sports Cars Insurance Rate Comparison
BMW M3 Insurance Cost Compared to All Sports Cars
Rank Make/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,100-$994
2Audi TT$1,498-$596
3Subaru WRX$1,522-$572
4Nissan 370Z$1,562-$532
5Subaru BRZ$1,576-$518
6BMW M2$1,624-$470
7Ford Mustang$1,680-$414
8Lexus RC F$1,748-$346
9Chevrolet Camaro$1,752-$342
10Chevrolet Corvette$1,768-$326
11Dodge Challenger$1,876-$218
12Alfa Romeo 4C$1,912-$182
13BMW M4$1,992-$102
14Lexus LC 500$2,028-$66
15Jaguar F-Type$2,028-$66
16BMW M3$2,094--
17Porsche 911$2,148$54
18Acura NSX$2,424$330
19Nissan GT-R$2,498$404
20Maserati Granturismo$2,654$560
21Audi R8$2,698$604