BMW 3 Series Insurance

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Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for on a continuous basis and is here with the facts about all your insurance inquiries.

Reviewed by Candace Jenkins
Reviewed by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for on a continuous basis and is here with the facts about all your insurance inquiries.

BMW 3 Series

The BMW 3 Series is a vehicle with class and that offers high-tech enjoyment. With easy handling and fuel efficiency, this BMW 3 Series is an elegant and economical selection.

Your BMW 3 Series will need adequate car insurance, and an independent insurance agent will help you find a policy that both protects and is cost-efficient. has a find-an-agent tool that can match you with an independent insurance agent in your area who will assist in finding the best price and coverage for your BMW 3 Series. 

What Kind of Insurance Do You Need for Your BMW 3 Series? 

You have a lot of choices when it comes to insuring your BMW 3 Series. Of course, different state-mandated coverages may apply depending on where you reside. To have an idea of what coverages may apply to you is a good idea.

Most states mandate the following coverage: 

Bodily injury liability 

Bodily injury liability  will pay for any medical expenses related to a car accident that causes injury to yourself or someone else including passengers, pedestrians, or another driver. It may even cover lost wages and is essential coverage to have.

Property damage liability 

Property damage liability doesn't cover damage to your vehicle. It will, however, provide coverage to the other person's car, a building, or road signage. 

Many states require this coverage: 

Medical payments/Personal injury protection

Personal injury protection (PIP) and medical payments are coverage for yourself or passengers that get injured from a car accident. This coverage will pay for all medical expenses directly related to the claim. PIP insurance is available in "no-fault" states and is usually a requirement. Medical payment coverage is the standard for all other policies.

Uninsured and underinsured motorist coverage

Uninsured and underinsured motorist coverage pays for damage to your vehicle if you are the victim of a hit-and-run or if a driver does not have adequate coverage. Underinsured/uninsured motorists coverage is not typically required, so be sure your independent insurance agent goes over this with you. 

Optional Coverage: 


Collision insurance will pay damages to other people's property on your behalf when an accident occurs. Without collision coverage, you could have to pay out-of-pocket expenses that can be pricey.


Your BMW 3 Series is at risk, even while parked. Natural disasters, storms, fires, and other incidents out of your control that cause damage to your vehicle are covered under comprehensive insurance. Even if you strike a buffalo that comes out of nowhere and collides with your car, your comprehensive coverage will kick in. 

Glass coverage 

Your BMW 3 Series windshield can cost anywhere from $400 to $700 to replace. By getting full glass coverage, your carrier would cover the cost with no deductible. This policy add-on typically costs just a few dollars each month. 

Gap insurance

If you are financing or leasing your BMW 3 Series, you will want to add gap insurance to your auto policy. Gap coverage pays the difference between the car's worth and the outstanding amount owed on your loan or lease if a total loss occurs. Without gap insurance, you'll be liable for paying the difference yourself. 


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What Affects the Cost of Insurance for Your BMW 3 Series

There are a variety of factors that go into calculating car insurance premiums for a BMW 3 Series. While the car plays a part, much more goes into the pricing. Young drivers will pay higher insurance rates because they are less experienced than older drivers. If you are a teen BMW 3 Series driver, you'll likely pay an average of $6,388 annually, while the best full-coverage rate for a BMW 3 Series more experienced driver would be $988 per year. Those with a spotty motor vehicle report and at-fault accidents on their record will spend, on average, $3,842.

Average cost of BMW insurance by model

The BMW model you select will affect your premiums as well. Sportier BMW's will likely rate higher than sedans, and value is a factor. The below rates assume that the driver has a clean motor vehicle report and is a 40-year-old male. The averages are based on a $500 comprehensive and collision deductible, uninsured/underinsured motorist coverage, and minimum liability limits. These figures are averaged across all 50 states. 

Average annual insurance premium for a new BMW by model
BMW M3/3 Series $1,818
BMW M5 $2,044
BMW M6 $2,354
BMW X3 $1,562
BMW X5 $1,724
BMW X6 $1,876
BMW Z4 $1,530

The safety of your BMW 3 Series

How safe your BMW 3 Series is will determine how likely you are to file an insurance claim. The BMW 3 Series has a sleek design with safety and high-tech features to match.

BMW 3 Series have Forward Collision Warning and Automatic Emergency Breaking that comes standard. They have received a good rating from the Insurance Institute for Highway Safety, making them a top choice. 

How location affects your BMW 3 Series insurance

The state you live it will affect your auto insurance premiums. So no matter where you and your BMW 3 Series reside, the insurance carriers will calculate rates according to area risk factors. These factors will include the crime rate, traffic patterns, and the number of claims in the territory.

Average annual auto insurance rates are the least expensive in these states:
Ohio $1,476
Indiana $1,503
Washington $1,721
Arizona $2,055
Illinois $2,376
Average annual auto insurance rates are the most expensive in these states: 
California $3,021
New York $2,793
Texas $2,769
Florida $2,564
Pennsylvania $2,360

Average Cost to Insure a BMW 3 Series

The average annual policy rate in the United States for a BMW 3 Series is $1,766. Your BMW's insurance premiums will vary depending on your age, where you live, your motor vehicle reports, and claims history. 

Here's how BMW 3 Series rates change for younger vs. older drivers:

BMW 3 Series rates by age for full coverage with a $500 deductible
Age Premium
16 $6,388
20 $4,104
30 $1,864
40 $1,766
50 $1,610
60 $1,580

Top Independent Insurance Carriers That Insure the BMW 3 Series

Having the right insurance coverage for your BMW 3 Series is crucial, and going with the right carrier is essential. Your insurance company should be trustworthy and have an excellent financial standing with an A rating or better. The U.S. Independent Insurance Agent Satisfaction Study by J.D. Power gave these companies a solid recommendation: 

  1. Progressive
  2. Safeco
  3. Travelers

Get a BMW 3 Series Quote 

Reach out to an independent agent today to get a quote for insurance on your BMW 3 Series. An independent insurance agent can shop dozens of insurance companies, providing you with the most affordable and complete auto insurance coverage.

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