BMW M3 insurance costs average $116 monthly for minimum coverage and $227 for full coverage. But, depending on your particular trim and model year, costs can range from $72 to $425 monthly for BMW M3 insurance.
BMW M3 Insurance Cost
Updated: November 15, 2025
Key Takeaways
BMW M3 insurance costs vary widely from $72 monthly for older models to $425 for newer trims like the 2024 model.
The BMW M3 ranks 481st out of 827 vehicles for insurance affordability in the current vehicle market nationwide.
Travelers offers the most affordable BMW full coverage for M3 owners at $177 monthly, while minimum coverage policies start at just $89 per month.
How Much Is BMW M3 Insurance?
| BMW M3 | $116 | $227 |
BMW M3 Insurance Cost by Model Year
Your BMW M3's model year and available trims affect insurance rates, with newer models costing more due to higher replacement values. Monthly premiums for M3 coverage span from $74 for older models to $322 for the newest versions.
| 2025 | $153 | $298 |
| 2024 | $165 | $322 |
| 2023 | $145 | $284 |
| 2022 | $135 | $264 |
| 2021 | $118 | $231 |
| 2018 | $119 | $233 |
| 2017 | $114 | $223 |
| 2016 | $115 | $223 |
| 2015 | $108 | $211 |
| 2013 | $133 | $261 |
| 2012 | $128 | $252 |
| 2011 | $111 | $217 |
| 2010 | $97 | $189 |
| 2009 | $95 | $184 |
| 2008 | $96 | $187 |
| 2006 | $101 | $197 |
| 2005 | $99 | $191 |
| 2004 | $85 | $164 |
| 2003 | $84 | $162 |
| 2002 | $82 | $158 |
| 2001 | $74 | $143 |
BMW M3 Insurance Cost by Trim
BMW M3 insurance rates change dramatically across trim levels. Your monthly costs depend on your specific model's features, market value, rarity and desirability among buyers. Our research shows BMW M3 premiums range from $98 to $425 monthly, with performance variants like the CS commanding the highest rates.
| 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 |
BMW M3 Insurance Cost by Company
BMW M3 insurance costs vary by provider, ranging from $142 to $268 monthly. Minimum coverage spans $89 to $180, while full coverage costs $177 to $382. Each insurer uses different risk models to calculate rates.
| GEICO | $89 | $195 |
| Travelers | $95 | $177 |
| State Farm | $96 | $200 |
| Kemper | $98 | $202 |
| Progressive | $110 | $207 |
| The Hartford | $117 | $200 |
| Nationwide | $121 | $210 |
| AAA | $129 | $268 |
| Chubb | $140 | $280 |
| UAIC | $145 | $180 |
| Amica | $149 | $306 |
| AIG | $154 | $382 |
| Allstate | $156 | $302 |
| Farmers | $180 | $315 |
BMW M3 Insurance Cost by State
BMW M3 car insurance costs vary by state, ranging from $51 monthly in Wyoming to $504 in Louisiana for minimum coverage.
| 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 Insurance Cost by Driver Profile
Your age and driving history impact BMW M3 insurance costs. Adult drivers between 26 and 64 with clean records pay around $171 monthly, while young drivers under 25 pay as high as $434 per month even without violations.
| Adult Drivers | $116 | $227 |
| Young Drivers | $296 | $571 |
| Senior Drivers | $155 | $286 |
| Drivers With a Speeding Ticket | $145 | $285 |
| Drivers With an Accident | $172 | $333 |
| Drivers With a DUI | $217 | $417 |
| Drivers With Bad Credit | $277 | $560 |
Is a BMW M3 Expensive to Insure?
You might be concerned about BMW insurance costs given the vehicle's luxury status. Compared to the rest of the models on the U.S. market, a BMW M3 ranks 481st out of 827, making it one of the more expensive cars to insure. Among compact luxury coupes, the model ranks 5th out of 10.
| Volvo C70 | $74 | $143 |
| Acura RSX | $84 | $163 |
| Audi S5 | $98 | $191 |
| Cadillac ATS | $105 | $203 |
| BMW M3 | $105 | $205 |
| Bmw 4-series | $105 | $205 |
| Cadillac ELR | $107 | $209 |
| Jaguar XK | $114 | $222 |
| Audi RS 5 | $120 | $236 |
| Cadillac ATS-V | $158 | $309 |
Factors That Affect BMW Car Insurance Costs
Multiple factors influence what you'll pay for BMW M3 insurance coverage:
- Age (average 35 to 46): M3/M4 owners average 35 years old, younger than overall BMW buyers (56), attracting performance-focused professionals in their prime earning years.
- Gender (predominantly male): BMW ownership trends toward male buyers, with M3 attracting the highest percentage due to its motorsport heritage and performance focus.
- Income ($140,000 to $175,000+): BMW 3-Series buyers average $116,550 to $140,000 household income, with M3 buyers likely at the higher end due to the $76,000+ price point.
- Education & Profession: Highly educated professionals, entrepreneurs, and executives who value performance, technology, and the BMW "Ultimate Driving Machine" experience.
Average Repair or Replacement Costs
BMW ranks 33rd in repair affordability among 59 U.S. automakers with median annual costs of $1,423. BMW M3 repair costs average $1,823 annually, making it on the higher side of BMW repairs.
Vehicle Trim, Features and Accessories
The M3's high-performance credentials impact insurance costs. The current G80 generation produces 473-523 horsepower from its twin-turbo S58 engine, with 0-60 mph times around 3.4 seconds.
Premium features like M-specific suspension, carbon fiber roof options, M Sport brakes and advanced driver assistance systems increase vehicle value and repair complexity. Competition trims and xDrive variants command even higher insurance premiums due to enhanced performance capabilities.
Fuel Type
The M3's twin-turbocharged 3.0L inline-six requires premium gasoline and frequent maintenance due to its high-performance nature. The sophisticated engine management system, advanced turbocharging and performance-oriented components demand specialized service at BMW centers or certified M specialists.
Fuel consumption is higher than standard 3 Series models, and the performance-focused design means more frequent replacement of high-wear items like tires, brakes, and filters.
Location
M3 owners concentrate in affluent areas including California, Northeast regions, and wealthy urban centers like Greenwich, CT, Palm Beach, FL and major metropolitan areas where BMW's strong dealer network exists.
These locations have higher insurance rates due to elevated accident costs, increased theft risk for high-performance vehicles and premium repair facility labor rates.
Driver Profile
The BMW M3 attracts affluent performance enthusiasts with specific demographic characteristics that influence insurance risk assessment:
How to Lower the Cost of BMW M3 Insurance
Below we break down the best way to buy car insurance for your BMW M3:
- 1Choose the right coverage
How much coverage to buy depends on your BMW’s value, how often you’re behind the wheel and what you can comfortably spend. Your setup can be anything from minimum liability with a $1,000 deductible to a full 100/300/100 package with a $500 deductible, along with gap coverage if you’re financing or leasing.
Three things matter when choosing how much coverage to buy: your BMW's value, driving frequency and budget.
- 2Research costs and cheap companies
Research average auto insurance costs for your car to see how much you're currently saving compared to other providers. Then compare rates from the cheapest car insurance companies.
- 3Look for more than just low rates
To get the most balanced car insurance, check forum reviews, J.D. Power customer satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings while comparing coverage limits and deductibles. Some low-cost insurers have slower claim processing times or limited coverage options that leave you underinsured in an accident.
- 4Explore discounts you qualify for
BMW M3 owners can cut their premiums by stacking discounts tied to multiple vehicles, bundled policies, safety tech, clean driving records and qualifying professions. Since many M3 drivers are experienced, financially stable and equipped with advanced safety features, they tend to hit several of these savings opportunities at once.
- 5Consider alternative car insurance types
BMW M3 owners can save with usage-based insurance or programs like Progressive Snapshot that reward safe driving habits with lower premiums.
- 6Check rates every year
Comparing car insurance quotes from multiple sources can cut your BMW M3 insurance by up to 24%. Your best deal today might not exist next year, so compare rates annually.
BMW M3 Insurance Cost: Bottom Line
Insuring a BMW M3 costs more than average, but you can still find decent rates. Shop multiple companies, look into discounts and consider different coverage options to get the best insurance rate for your car.
BMW M3 Insurance Rates: FAQ
Here are answers to common questions about insuring a BMW M3.
What is the average cost of car insurance for a BMW M3?
The BMW M3's average annual insurance cost is $1,393 for minimum coverage and $2,719 for full coverage.
What company has the cheapest car insurance for a BMW M3?
M3 drivers can find the most affordable full coverage car insurance through Travelers at $177 monthly. For minimum coverage needs, GEICO offers the cheapest option at $89 per month for M3 owners.
Are BMW M3s expensive to insure?
Yes, BMW M3 insurance costs more than most cars. Out of 827 vehicles we track, the M3 ranks 481st for affordability. Among compact luxury coupes, this model sits at 5th out of 10.
What factors affect insurance costs for BMW M3s?
Several things drive up your BMW M3 rates. Repairs cost more because of specialized parts and the aluminum body. Your driving record and credit score, plus the coverage you pick, play a big role. Where you live affects rates, too. Areas with more theft or fewer BMW-certified repair shops cost more.
How can I lower BMW M3 insurance costs?
Shop around with multiple insurers as rates vary for BMWs, and consider usage-based insurance programs that track your driving habits. Take advantage of safety features when discussing discounts, bundle with other policies and maintain a clean driving record to qualify for the lowest premiums.
How We Determined BMW M3 Insurance Costs
We studied hundreds of millions of quote estimates across all U.S. models sold in the U.S. from 2000 to 2025 to get you the most accurate BMW M3 insurance costs.
Who We Based These Rates On
These BMW M3 prices reflect what a typical 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. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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.