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
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.
Rates vary by model year and insurer. GEICO is cheapest for the BMW M3 at $89 a month for minimum coverage. Farmers charges the most for minimum at $180. Travelers is cheapest for full coverage at $177 and AIG the most expensive at $382.
Minimum coverage varies by more than $91 between insurers. Full coverage varies by more than $205. Each company calculates model-specific risk differently, which affects your final rate.
| 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?
Among 48 coupes, the BMW M3 ranks 37th for insurance affordability. It's a few dollars a month more than a BMW 4-series and a few less than a Kia Forte. Across all 827 vehicles in MoneyGeek's database, the M3 ranks 481st, putting it in the more expensive half overall. The Saturn S-Series is the cheapest coupe to insure. The Mercedes S-Class is the most expensive.
| 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 repairs average $1,823 a year, and it's 14th most expensive among 30 BMW models. That puts it in the mid-tier for BMW maintenance costs, though it's still high enough to push premiums above most vehicles.
- Vehicle Trim, Features and Accessories: The M3 produces 473 to 503 horsepower with a 4.1-second 0 to 60 time. Higher-performance trims cost more to insure because repair costs and accident risk are both elevated at that power output.
- Driver Profile: Most M3 drivers are 30 to 45 with a median around 35. Younger drivers pay more. The M3's performance reputation can draw higher-risk drivers, which insurers price in. 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.
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
Coverage needs depend on how you own the car.
Own it outright (lower cost):
- State minimum liability requirements
- Comprehensive and collision with a $1,000 deductible
Own it outright (more coverage):
- $100,000/$300,000/$100,000 liability coverage
- Comprehensive and collision with a $500 deductible
Financing or leasing:
- $100,000/$300,000/$100,000 liability coverage
- Comprehensive and collision with a $500 deductible
- Gap insurance (most lenders require this)
- 2Research costs and cheap companies
Check average auto insurance costs for performance sedans before you shop. That number tells you whether a quote is competitive. Use it alongside a list of the cheapest car insurance companies to find a better price.
- 3Look for more than just low rates
Price isn't everything with car insurance. Check J.D. Power satisfaction ratings, Better Business Bureau complaints and AM Best financial stability scores. Forum reviews on claims handling are worth reading too. A cheap policy with slow or disputed claims can cost more than a slightly higher premium from a reliable insurer.
- 4Check discounts you qualify for
Check every car insurance discount before buying. BMW M3 owners commonly qualify for safety features discounts, anti-theft device discounts, bundling discounts for combining auto and home policies, good driver discounts and multi-vehicle discounts.
- 5Consider alternative car insurance types
Usage-based programs like Progressive Snapshot or Allstate Drivewise track your driving (acceleration, braking and speed) and lower premiums for safe habits.
- 6Check rates every year
Get car insurance quotes from multiple companies each year. Insurers don't tell you when competitors drop their prices. Annual comparisons can save up to 24%, so set a reminder at each renewal.
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 at least three insurers because BMW M3 pricing varies between companies. Ask about usage-based programs that track your driving. Claim every available discount, bundle policies with the same carrier and keep your record clean.
How We Determined BMW M3 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025.
Who We Based These Rates On
Our baseline is a 40-year-old unmarried male with a clean record, good credit, no prior claims, a valid license with no suspensions and about 12,000 miles driven a year.
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: $100,000/$300,000/$100,000 liability with comprehensive and collision coverage and a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.