Compare the Cost of BMW 3 Series Insurance by Model Year and Company

The cost of insuring a BMW 3 Series is significantly impacted by the driver's age. For example, a 16-year-old purchasing insurance for a 2009 model can expect to pay an average of $6,226 annually, while a 40-year-old driver only pays about $1,346 per year. For a 2022 model, the rates are $8,814 per year for a 16-year-old and $1,937 per year for a 40-year-old driver, on average.

MoneyGeek also ranked the best car insurance providers for a BMW 3 Series based on how they balance affordability, quality of service and claims experience.

The annual cost of car insurance for a BMW 3 Series is approximately $1,708. However, premiums can vary significantly depending on the insurance provider you choose.

For instance, State Farm offers the most affordable car insurance for a BMW 3 Series at $1,268 per year, while Farmers is the most expensive option at $2,126 per year.

If you're interested in minimum coverage policies, the average cost of insuring a BMW 3 Series is $580 per year. State Farm offers the cheapest minimum coverage policy at $483 per year, and Farmers is once again the most expensive at $804 per year.

Insurance companies consider various factors when determining the cost of insuring a given BMW 3 Series. On average, this car model is neither cheap nor expensive to insure. The BMW 3 Series has a relatively high MSRP compared to other sedans, meaning it also has relatively high repair and replacement costs, which is why it's not cheap to insure.

Affordability is not the only aspect to consider when purchasing car insurance — the quality of service and claims management experience are also important factors.

Our research shows that the following car insurance providers are the best options for insuring a BMW 3 Series:

• State Farm: MoneyGeek score of 90 out of 100 ($1,268 per year)
• GEICO: MoneyGeek score of 88 out of 100 ($1,384 per year)

State Farm offers a great balance of affordability and service quality, providing policyholders with excellent value for their money.

Auto insurance costs vary based on the age of the car. For example, the average cost of car insurance for a 2009 BMW 3 Series is $1,346 per year, while the average cost for a 2022 model is around $1,937 per year. Generally, older cars have lower insurance premiums compared to newer ones as car values depreciate over time.

You can expect your average auto insurance costs to be influenced not only by your car’s model year but also by your preferred insurance company. State Farm offers the most affordable rates for both a 2009 and 2022 model BMW 3 Series, at $1,028 per year and $1,439 per year, respectively.

Car insurance premiums for teens and those in their 20s are usually higher than for those aged 30 and over. For a BMW 3 Series, the average cost of car insurance is around $7,532 per year for a 16-year-old driver and around $1,642 per year for a 40-year-old driver.

Although car insurance for teens can be costly, premiums tend to decrease every year the driver ages in their teens and stabilize once the driver hits their 20s.

Adding teens to a family plan is a great way to save on car insurance costs for teen drivers as individual policies are more expensive. In addition, teens under 18 are legally required to have a parent or guardian co-sign if they buy an individual policy.

State Farm is the cheapest option for a 16-year-old driver with a 2009 BMW 3 Series at $4,683 per year, on average. Farmers is the most expensive at approximately $12,468 per year. These rates are for individual policies. It’s important to compare rates from different providers to find the most affordable option for your family.

Car insurance premiums are calculated based on various factors, including the car model, model year and driver age. However, location can be an even more significant factor. The cheapest insurance provider for a particular car model can vary by state — Florida has the highest average rates, while Idaho has the lowest.

To find the best deal on BMW 3 Series car insurance, it's wise to get quotes from the most affordable insurers within your state.

If you're researching car insurance options for a BMW 3 Series, you may have questions about the affordability and quality of service of insurers. Here are answers to some frequently asked questions.