BMW M3 insurance costs vary by model year, with 2025 models averaging $425 monthly compared to just $74 for older versions. Newer M3s cost more to insure due to their higher market values.
BMW M3 Insurance Cost
Updated: January 19, 2026
Key Takeaways
BMW M3 insurance costs an average of $227 monthly for full coverage and $116 for minimum coverage. Travelers offers the lowest rates for full coverage, while GEICO provides the best minimum coverage. Read more
The M3 ranks 37th out of 48 coupes for insurance affordability, placing it in the middle tier of its vehicle class. Among all 827 vehicles analyzed, it ranks 481st overall, confirming above-average insurance costs for a performance coupe. Read more
Check rates for your M3's specific model year to get accurate insurance costs. Read more
How Much Is BMW M3 Insurance?
Looking for another BMW model? Read more about BMW insurance costs.
Costs vary by model year and company. BMW M3 minimum coverage ranges from $89 monthly with GEICO to $180 with Farmers, while full coverage spans $177 with Travelers to $382 with AIG.
These cost differences (over $91 for minimum coverage and over $205 for full coverage) demonstrate why BMW M3 owners need to shop around. Insurance companies calculate risk differently for each model, which affects your final quote.
| AAA | $129 | $268 |
| AIG | $154 | $382 |
| Allstate | $156 | $302 |
| Amica | $149 | $306 |
| Chubb | $140 | $280 |
| Farmers | $180 | $315 |
| Geico | $89 | $195 |
| Kemper | $98 | $202 |
| Nationwide | $121 | $210 |
| Progressive | $110 | $207 |
| State Farm | $96 | $200 |
| The Hartford | $117 | $200 |
| Travelers | $95 | $177 |
| UAIC | $145 | $180 |
Is BMW M3 Expensive to Insure?
MoneyGeek's analysis of 48 coupes shows the BMW M3 ranking 37th for insurance affordability, meaning 11 vehicles cost less to insure. It's positioned just a few dollars per month pricier than the BMW 4-series but slightly cheaper than the Kia Forte. This middle-tier placement among coupes provides useful context for potential buyers.
Coupes are expensive to insure overall, and the M3's 481st ranking out of 827 total vehicles puts it in the upper half for insurance costs. The Saturn S-Series claims the most affordable coupe spot, while the Mercedes S-Class commands the highest premiums in this category.
| BMW 2-series | $151 | 34 |
| Cadillac ATS | $154 | 35 |
| BMW 4-series | $155 | 36 |
| BMW M3 | $155 | 37 |
| Kia Forte | $156 | 38 |
| Cadillac ELR | $158 | 39 |
| Jaguar XK | $168 | 40 |
Several factors affect what you'll pay for BMW M3 insurance:
- Average Repair or Replacement Costs: BMW M3 repair costs average $1,823 annually, ranking as the 14th most expensive BMW model to maintain out of 30. While repair costs aren't cheap, they're more moderate than many other high-performance BMWs.
- Vehicle Trim, Features and Accessories: The M3's impressive performance capabilities pack 473 to 503 horsepower with 0-60 mph acceleration in just 4.1 seconds. Higher trims with extreme horsepower cost more to insure due to increased repair costs and accident risk.
- Driver Profile:Â Most BMW M3 drivers fall between 30 and 45 years old, with a median of around 35, though younger drivers face steeper premiums. The M3's performance reputation attracts risk-taking behaviors that raise insurer concerns. Read more about the costs of BMW M3s for young drivers.
BMW M3 Insurance Cost by State
BMW M3 insurance costs vary by location, with minimum coverage running $240 monthly in Louisiana compared to just $51 in Wyoming. Your state's risk factors and insurance regulations create these differences, not the M3 itself.
| Alabama | $108 | $205 |
| Alaska | $84 | $178 |
| Arizona | $136 | $255 |
| Arkansas | $97 | $215 |
| California | $108 | $218 |
| Colorado | $114 | $272 |
| Connecticut | $149 | $257 |
| Delaware | $146 | $245 |
| Florida | $127 | $297 |
| Georgia | $156 | $259 |
| Hawaii | $61 | $139 |
| Idaho | $64 | $130 |
| Illinois | $109 | $205 |
| Indiana | $73 | $144 |
| Iowa | $71 | $172 |
| Kansas | $88 | $205 |
| Kentucky | $137 | $234 |
| Louisiana | $240 | $504 |
| Maine | $64 | $132 |
| Maryland | $169 | $286 |
| Massachusetts | $116 | $247 |
| Michigan | $180 | $352 |
| Minnesota | $102 | $215 |
| Mississippi | $110 | $218 |
| Missouri | $151 | $297 |
| Montana | $94 | $225 |
| Nebraska | $85 | $195 |
| Nevada | $174 | $316 |
| New Hampshire | $85 | $151 |
| New Jersey | $177 | $293 |
| New Mexico | $93 | $207 |
| New York | $124 | $223 |
| North Carolina | $90 | $179 |
| North Dakota | $80 | $174 |
| Ohio | $87 | $169 |
| Oklahoma | $110 | $245 |
| Oregon | $122 | $212 |
| Pennsylvania | $109 | $253 |
| Rhode Island | $140 | $250 |
| South Carolina | $112 | $209 |
| South Dakota | $72 | $227 |
| Tennessee | $90 | $181 |
| Texas | $141 | $289 |
| Utah | $110 | $188 |
| Vermont | $61 | $145 |
| Virginia | $109 | $175 |
| Washington | $100 | $186 |
| West Virginia | $108 | $218 |
| Wisconsin | $79 | $173 |
| Wyoming | $51 | $158 |
BMW M3 Costs by Model Year and Insurance Company
The age of your BMW M3 and the drivers on your policy impact insurance costs. A 2013 BMW M3 costs an average of $266 monthly for full coverage for drivers aged 35 to 55, while a 2025 model jumps to $310 per month. Teen and early twenties drivers face much steeper premiums across all model years.
State Farm offers the cheapest rates across all BMW M3 model years and could save you hundreds monthly compared to average costs. Â
Older models (2016 to 2018):
Cost of Car Insurance for 2025 BMW M3
| State Farm | $96 | $200 |
| Kemper | $116 | $238 |
| National General | $120 | $246 |
| Geico | $128 | $283 |
| Travelers | $129 | $239 |
| Progressive | $139 | $262 |
| The Hartford | $146 | $249 |
| AAA | $156 | $326 |
| Nationwide | $163 | $284 |
| UAIC | $168 | $212 |
| Chubb | $185 | $373 |
| Amica | $189 | $388 |
| AIG | $196 | $496 |
| Allstate | $207 | $402 |
| Farmers | $255 | $450 |
Cost of Car Insurance for 2024 BMW M3
| State Farm | $104 | $216 |
| Kemper | $125 | $258 |
| National General | $130 | $266 |
| Geico | $139 | $305 |
| Travelers | $139 | $258 |
| Progressive | $151 | $283 |
| The Hartford | $158 | $269 |
| AAA | $169 | $352 |
| Nationwide | $176 | $307 |
| UAIC | $181 | $229 |
| Chubb | $199 | $403 |
| Amica | $204 | $419 |
| AIG | $212 | $536 |
| Allstate | $223 | $434 |
| Farmers | $275 | $486 |
Cost of Car Insurance for 2023 BMW M3
| State Farm | $92 | $190 |
| Kemper | $110 | $227 |
| National General | $114 | $234 |
| Geico | $122 | $269 |
| Travelers | $123 | $228 |
| Progressive | $133 | $249 |
| The Hartford | $139 | $237 |
| AAA | $149 | $310 |
| Nationwide | $155 | $270 |
| UAIC | $159 | $202 |
| Chubb | $176 | $356 |
| Amica | $179 | $369 |
| AIG | $187 | $472 |
| Allstate | $197 | $383 |
| Farmers | $243 | $428 |
Cost of Car Insurance for 2022 BMW M3
| State Farm | $85 | $177 |
| Kemper | $102 | $211 |
| National General | $106 | $218 |
| Geico | $114 | $250 |
| Travelers | $114 | $212 |
| Progressive | $124 | $232 |
| The Hartford | $130 | $221 |
| AAA | $138 | $289 |
| Nationwide | $144 | $251 |
| UAIC | $148 | $188 |
| Chubb | $164 | $331 |
| Amica | $167 | $343 |
| AIG | $174 | $439 |
| Allstate | $183 | $356 |
| Farmers | $226 | $398 |
Cost of Car Insurance for 2021 BMW M3
| State Farm | $75 | $155 |
| Kemper | $89 | $185 |
| National General | $93 | $190 |
| Geico | $99 | $219 |
| Travelers | $100 | $185 |
| Progressive | $108 | $203 |
| The Hartford | $113 | $193 |
| AAA | $121 | $252 |
| Nationwide | $126 | $220 |
| UAIC | $130 | $164 |
| Chubb | $143 | $289 |
| Amica | $146 | $300 |
| AIG | $152 | $384 |
| Allstate | $160 | $311 |
| Farmers | $197 | $348 |
Cost of Car Insurance for 2018 BMW M3
| Geico | $86 | $190 |
| Progressive | $90 | $168 |
| Travelers | $101 | $188 |
| National General | $102 | $209 |
| The Hartford | $102 | $174 |
| Nationwide | $113 | $197 |
| Kemper | $115 | $235 |
| State Farm | $115 | $242 |
| AAA | $135 | $280 |
| Amica | $152 | $313 |
| Allstate | $159 | $308 |
| UAIC | $162 | $206 |
| Chubb | $167 | $336 |
| AIG | $167 | $422 |
| Farmers | $192 | $334 |
Cost of Car Insurance for 2017 BMW M3
| Geico | $77 | $169 |
| National General | $91 | $186 |
| Travelers | $99 | $182 |
| Progressive | $114 | $215 |
| State Farm | $116 | $242 |
| Nationwide | $119 | $207 |
| Kemper | $122 | $252 |
| AAA | $127 | $264 |
| Chubb | $138 | $279 |
| Amica | $142 | $292 |
| Allstate | $143 | $276 |
| The Hartford | $145 | $247 |
| UAIC | $152 | $192 |
| AIG | $157 | $393 |
| Farmers | $169 | $296 |
Cost of Car Insurance for 2016 BMW M3
| Geico | $76 | $167 |
| National General | $93 | $190 |
| Travelers | $93 | $172 |
| The Hartford | $98 | $167 |
| State Farm | $104 | $217 |
| Nationwide | $112 | $196 |
| Kemper | $118 | $242 |
| AAA | $126 | $261 |
| Progressive | $135 | $255 |
| Allstate | $138 | $268 |
| Amica | $142 | $292 |
| UAIC | $149 | $187 |
| Chubb | $149 | $299 |
| AIG | $156 | $392 |
| Farmers | $181 | $316 |
BMW M3 Insurance Cost by Trim
BMW M3 insurance costs range from $98 monthly for minimum coverage on basic Convertible 2d models to $425 for full coverage on high-performance Cs variants. Performance features, rarity, and market value determine where your specific trim falls within this range.
| Convertible 2d | $98 | $191 |
| Coupe 2d | $101 | $198 |
| Frozen Limited Edition Coupe 2d | $109 | $214 |
| Sedan 4d | $111 | $217 |
| Cs Sedan 4d | $116 | $227 |
| Competition Sedan 4d | $133 | $260 |
| M3 | $143 | $279 |
| Lime Rock Park Edition Coupe 2d | $143 | $283 |
| Competition | $150 | $292 |
| Competition Xdrive Sedan 4d | $150 | $293 |
| Competition Xdrive | $158 | $309 |
| Cs | $218 | $425 |
How to Lower the Cost of BMW M3 Insurance
We've compiled proven strategies to help you find affordable BMW M3 insurance without sacrificing coverage:
- 1Choose the right coverage
You'll need to decide how much coverage to buy for your BMW M3 based on your ownership situation. Own your vehicle? Get your state's minimum liability requirements plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability coverage with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by reviewing average auto insurance costs for performance sedans in your area. This benchmark assists with shopping among the cheapest car insurance companies offering competitive rates. Understanding typical costs for BMW M3 insurance helps you identify genuinely good deals versus inflated quotes from less competitive insurers.
- 3Look for more than just low rates
Finding quality car insurance means evaluating insurers beyond their quotes alone. Check J.D. Power satisfaction ratings, examine forum discussions about claims processing, review Better Business Bureau complaints and confirm AM Best financial stability ratings. Budget insurers might offer limited coverage options or slower customer service when you need assistance most.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your BMW M3 ownership. Performance sedan owners often qualify for safety features discounts, anti-theft device savings, bundling discounts when combining auto and home policies, and good driver rewards. Multi-vehicle discounts also help if you insure multiple cars with the same company.
- 5Consider alternative car insurance types
BMW M3 owners might benefit from usage-based insurance programs that track driving habits and offer premium reductions. Options like Progressive Snapshot or Allstate Drivewise monitor safe driving behaviors, including smooth acceleration, gentle braking and adherence to speed limits. These telematics programs can deliver significant savings for careful drivers.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually to ensure competitive pricing. Your current insurer doesn't notify you when competitors lower their rates, making regular comparison shopping essential. Annual rate checks could save up to 24% on your BMW M3 insurance, especially as your driving record and credit score improve over time.
BMW M3 Insurance Cost: Bottom Line
BMW M3 insurance runs average in cost, but you can still secure decent rates. Shopping multiple insurers, claiming available discounts and adjusting coverage options helps you find better pricing.
BMW M3 Insurance Rates: FAQ
What is the average cost of car insurance for a BMW M3?
BMW M3 insurance costs $1,393 annually for minimum coverage and $2,719 yearly for full coverage. Monthly premiums average $116 for state minimum and $227 for comprehensive protection.
What company has the cheapest car insurance for a BMW M3?
GEICO provides the most affordable minimum coverage for a BMW M3 at $1,069 annually. Drivers seeking full coverage will find the best value with Travelers at $2,122 per year.
Are BMW M3s expensive to insure?
No, BMW M3 insurance is not more expensive than most vehicles. Among coupes, this model places 37th out of 48 for affordability, but ranks 481st out of 827 overall vehicles we track.
What factors affect insurance costs for BMW M3s?
Several factors drive up BMW M3 insurance costs . The high-performance engine increases accident risk, while expensive specialized parts make repairs costly. These sports cars also face higher theft rates due to their desirability, and your personal driving record and credit score further impact your premium rates.
How can I lower BMW M3 insurance costs?
Compare quotes from multiple insurers since BMW M3 pricing differs between companies, and explore usage-based programs that monitor your driving behavior. Claim available discounts, bundle policies with the same carrier and maintain a clean driving record to secure better rates.
How We Determined BMW M3 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate BMW M3 insurance costs.
Who We Based These Rates On
These BMW M3 rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.