BMW M3 Car Insurance Quotes (2025)
The average monthly BMW M3 insurance rate is $132 for liability coverage and $248 for full coverage, but rates vary based on model year and insurer.
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Elizabeth Rivelli
5+ years writing insurance and personal finance topics
Auto, home, health, and life insurance expertise
Elizabeth has extensive insurance industry experience, having written for Insureon, Rate Retriever, and Insurify. She’s also finance and insurance editor for Car and Driver.
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Table of contents
The BMW M3 is a high-performance sports sedan with 473 horsepower. The vehicle stands out for its handling and impressive speed, going 0–60 in just over four seconds.
The average cost of insuring a BMW M3 is $132 per month for liability-only insurance and $248 per month for full coverage. The BMW M3 sedan has a higher price tag than some similar makes and models, and it has more expensive car insurance rates.
If you’re pursuing coverage for a BMW M3, here are some other things you need to know about insuring this high-performance vehicle.
Quick Facts
USAA is the cheapest insurance company for BMW M3 car insurance.
The M3 Competition Sedan delivers 503 horsepower.
The M3 is BMW’s high-performance version of its popular 3 Series.
Cost of BMW M3 insurance by model year
The total average cost of BMW M3 car insurance is $190 per month, but USAA offers more affordable rates for BMW M3 insurance, according to Insurify data.
A vehicle’s model year also affects BMW M3 car insurance premiums. In the table below, you can see the average BMW M3 premium for recent model years.
Model Year  | Average Monthly Quote |
|---|---|
| 2025 | $123 |
| 2024 | $145 |
| 2023 | $100 |
| 2022 | $132 |
| 2021 | $120 |
| 2018 | $131 |
| 2017 | $135 |
| 2016 | $173 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
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The starting price for a 2024 BMW M3 was $76,000. Here are the average full-coverage rates for a 2024 BMW M3 from different insurers.
Insurance CompanyAverage Monthly QuoteUSAA $159 State Farm $191 Allstate $213 GEICO $235 American Family $245 Progressive $251 Nationwide $293 Travelers $308 Farmers $372 Liberty Mutual $404 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
A 2023 BMW M3 sedan had a manufacturer’s suggested retail price (MSRP) of $74,300. In the table below, you can see the average full-coverage car insurance quotes for a 2023 M3 from some of the top insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $156 State Farm $187 Allstate $209 GEICO $231 American Family $240 Progressive $246 Nationwide $287 Travelers $303 Farmers $365 Liberty Mutual $396 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The starting price for a BMW M3 in 2022 was $70,100. If you’re thinking about buying a used 2022 model, here are the average car insurance premiums from various insurers.
Insurance CompanyAverage Monthly QuoteUSAA $156 State Farm $187 Allstate $208 GEICO $230 American Family $239 Progressive $246 Nationwide $286 Travelers $302 Farmers $364 Liberty Mutual $395 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The MSRP of the 2021 BMW M3 was $69,900. Below, you can see how average 2021 BMW M3 full-coverage insurance rates vary based on the insurer.
Insurance CompanyAverage Monthly QuoteUSAA $148 State Farm $177 Allstate $198 GEICO $218 American Family $227 Progressive $233 Nationwide $271 Travelers $286 Farmers $345 Liberty Mutual $375 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
BMW didn’t make the M3 in 2020 or 2019, but the 2018 BMW M3 had a starting price of $66,500. In the following table, you can see the average full-coverage car insurance premiums for the 2018 M3 from several insurers.
Insurance CompanyAverage Monthly QuoteUSAA $132 State Farm $158 Allstate $177 GEICO $195 American Family $203 Progressive $209 Nationwide $243 Travelers $256 Farmers $309 Liberty Mutual $335 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The MSRP of the 2017 BMW M3 was $64,000, but rates vary by insurance company. See below for the average 2017 M3 full-coverage premium from several different insurers.
Insurance CompanyAverage Monthly QuoteUSAA $131 State Farm $157 Allstate $175 GEICO $193 American Family $201 Progressive $206 Nationwide $240 Travelers $253 Farmers $305 Liberty Mutual $331 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
The 2016 BMW M3 has a starting price of $63,500. In the following table, you’ll find the average full-coverage car insurance premium for the 2016 M3 from a few insurance companies.
Insurance CompanyAverage Monthly QuoteUSAA $125 State Farm $150 Allstate $168 GEICO $185 American Family $193 Progressive $198 Nationwide $230 Travelers $243 Farmers $293 Liberty Mutual $318 Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Average cost of BMW insurance by state
The average cost of BMW insurance varies based on your state, city, and ZIP code. Insurers consider location-specific factors, like the number of accidents and the risk of severe weather, when setting premiums in a certain area.[1]
Here, you can see the average BMW insurance premium across all models by state. Alaska and Hawaii aren’t included due to lack of data.
Full-Coverage Rates by State
State | Average Monthly Quote |
|---|---|
| Alabama | $174 |
| Arizona | $212 |
| Arkansas | $313 |
| California | $294 |
| Colorado | $268 |
| Connecticut | $408 |
| Delaware | $300 |
| Florida | $281 |
| Georgia | $304 |
| Idaho | $153 |
| Illinois | $207 |
| Indiana | $176 |
| Iowa | $148 |
| Kansas | $201 |
| Kentucky | $264 |
| Louisiana | $271 |
| Maine | $184 |
| Maryland | $413 |
| Massachusetts | $217 |
| Michigan | $338 |
| Minnesota | $238 |
| Mississippi | $253 |
| Missouri | $236 |
| Montana | $202 |
| Nebraska | $213 |
| Nevada | $343 |
| New Hampshire | $138 |
| New Jersey | $217 |
| New Mexico | $194 |
| New York | $575 |
| North Carolina | $114 |
| North Dakota | $168 |
| Ohio | $158 |
| Oklahoma | $217 |
| Oregon | $196 |
| Pennsylvania | $211 |
| Rhode Island | $180 |
| South Carolina | $329 |
| South Dakota | $158 |
| Tennessee | $182 |
| Texas | $288 |
| Utah | $223 |
| Vermont | $185 |
| Virginia | $235 |
| Washington | $195 |
| Washington D.C. | $420 |
| West Virginia | $191 |
| Wisconsin | $161 |
| Wyoming | $145 |
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How to ensure you have enough coverage on your BMW M3
If you own a BMW M3 or are thinking of buying one, it’s important to have enough auto insurance coverage. Here are several car insurance coverages that can be beneficial if you drive a BMW M3:
Collision coverage
Collision insurance covers your vehicle’s repairs after an accident or single-car crash.
Comprehensive coverage
Comprehensive insurance covers non-collision repairs, including damage from floods, fires, vandalism, and theft.
Gap coverage
Gap insurance — short for guaranteed asset protection — is valuable if you lease or finance a BMW M3.[2] If you total your car or someone steals it while you owe more than what the car is worth, gap insurance will cover the difference.
New car replacement coverage
If you total your BMW M3 in a covered accident or loss, new car replacement will provide a higher payout so you can purchase a new vehicle of a similar make and model. Without this coverage, your insurer will base your payout on your car’s depreciated value.
OEM coverage
Original equipment manufacturer (OEM) coverage pays to use genuine BMW parts if your M3 needs repair after a covered loss. This endorsement is important because many car insurance policies only cover the use of cheaper, aftermarket parts.
BMW M3 car insurance FAQs
If you’re shopping for BMW M3 auto insurance, here’s some additional information that can help as you compare policies.
Which company has the cheapest BMW M3 insurance?
Based on Insurify’s rate data, USAA is the cheapest insurance company for BMW M3 owners. USAA’s average BMW M3 insurance premiums are $127 for full coverage and $61 for liability-only insurance. Other insurers with cheap BMW M3 insurance rates are GEICO and State Farm.
How much does it cost to insure a BMW M3?
The average cost of BMW M3 car insurance is $132 per month for minimum coverage and $248 per month for full coverage. Annually, that’s about $1,584 for minimum coverage and $2,976 for full coverage.
Is a BMW M3 expensive to insure?
The BMW M3 is more expensive to insure than some similar makes and models. The total average monthly cost to insure a BMW M3 is $190, which is higher than an Audi A6 ($182) or a Mercedes-Benz C-Class ($185), for example.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Sources
- Insurance Information Institute. "What determines the price of an auto insurance policy?."
- Insurance Information Institute. "What is gap insurance?."
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Elizabeth Rivelli
Elizabeth Rivelli is a freelance writer covering insurance and personal finance. She has extensive knowledge of various insurance lines, including property and casualty, health, and life insurance. Her byline has been featured in dozens of publications, including Investopedia, Forbes, Bankrate, NextAdvisor, and Insurance.com.
Elizabeth has been a contributor at Insurify since October 2022.
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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