How much does it cost to insure a BMW M3?

I've heard that BMWs cost more to insure than other kinds of cars. How much would it cost to insure an M3? I'm thinking about buying one, but I don't want to pay crazy bills for insurance every month.

Answer
Congrats on looking into such a gorgeous car! On average, BMW M3s cost about $1,766 per year to insure with full coverage—that’s $247 more than the average vehicle.
However, if you choose a different kind of coverage or qualify for discounts, that number could be drastically different. If the M3 you choose is older, you can get a liability-only policy for about $708 per year, while qualifying for certain discounts can save you up to $728 per year on your insurance.
Overall, the best way to know what you’ll be paying for your insurance is to shop around. Insurance pricing can vary a lot, so finding a quote specifically for you is the most accurate way to gauge what you might be paying. The easiest way to do this is through using the Jerry app—we’ll get you personalized quotes from top insurers, so that all you have to do is pick the plan that works best for you. And if you do pick a new one, we’ll help you switch, too!
Happy shopping!
Liz Jenson
Answered on Nov 17, 2021
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