BMW M3 Insurance Costs
BMW M3 drivers pay $223 to $4,797 each year for insurance. The 2021 BMW M3 averages $2,719 for full coverage and $1,393 for minimum coverage. Insurers set high rates because this sports car carries big risks.
High performance drives up costs. The M3 packs 473 horsepower. It reaches 0-60 mph in 3.5 seconds. Sports cars like this crash more often. Insurers charge 16% more for them than for sedans.
Repairs cost a fortune. BMW parts run pricey. A fender repair hits $1,200. The car's complex design means high labor bills. Average accident repairs reach $15,000. Insurers pass these costs to you through premiums.
Thieves target the BMW M3. 2021 models rank high on hot lists. Stolen cars force insurers to pay recovery fees. Anti-theft devices cut some risk. Base rates stay high anyway.
Your location plays a key role. In Pennsylvania, full coverage averages $2,500 per year. Sports cars push that to $3,500 or more. Zip code 19308 near Philadelphia sees 20-30% higher rates from traffic and crime.
Age, driving record, and coverage level also shift your rate. A clean record drops costs by 20-40%.
Here are sample monthly full coverage rates for a 2021 BMW M3:
| Insurer | Monthly Rate |
|---|---|
| GEICO | $235 |
| State Farm | $191 |
| USAA | $159 |
Tips to Lower Your BMW M3 Insurance
Shop around to cut costs:
- Get quotes from at least three insurers.
- Bundle home and auto policies for 10-25% off.
- Raise your deductible to $1,000.
- Install tracking devices for discounts.
Build good driving habits. Avoid tickets and accidents. Take a defensive driving course for 5-15% savings. Keep a strong credit score to drop premiums by up to 30%.
Sidekick tracks your full vehicle ownership costs. Enter your 2021 BMW M3 and zip code 19308 to see real insurance quotes plus maintenance and fuel data.
Rates vary by your details. Get personalized quotes from top insurers today.