The annual cost of full coverage insurance on a BMW 3 Series ranges from $1,122 to $7,165. Rates depend on the car's model year, the driver's age, location, driving record, coverage level and insurer. This article provides an in-depth analysis of BMW 3 Series insurance costs and coverage, highlighting the best and most affordable options.
BMW 3 Series Insurance Cost
Updated: March 10, 2025
Key Takeaways
State Farm offers the most affordable annual rate for minimum coverage across all BMW 3 Series model years at $483.
For a BMW 3 Series, the average cost of car insurance is $607 per year for minimum coverage and $1,625 for full coverage.
MoneyGeek analyzed information from 4,183 quotes for a BMW 3 Series using data from Quadrant Information Services.
BMW 3 Series Insurance Rates
What Is the Average BMW 3 Series Car Insurance Cost?
For a BMW 3 Series, full coverage insurance averages $135 per month or $1,625 per year, based on a 40-year-old male with a clean driving record. Minimum coverage costs about $51 monthly or $607 annually.
| Minimum Coverage | $607 |
| Full Coverage | $1,625 |
BMW 3 Series Insurance Costs by Company
BMW 3 Series insurance costs range from $1,172 to $2,287 annually, depending on age, model year and coverage level. The table below compares average BMW 3 Series insurance rates from national and mid-size providers with average rates for all vehicles from the same insurers.
| Allstate | $1,850 | $1,809 | 2% |
| Auto-Owners | $1,294 | $1,225 | 6% |
| Farmers | $2,252 | $1,951 | 15% |
| GEICO | $1,416 | $1,330 | 6% |
| Kemper | $2,287 | $2,209 | 4% |
| Nationwide | $1,620 | $1,587 | 2% |
| Progressive | $1,922 | $1,740 | 11% |
| State Farm | $1,306 | $1,268 | 3% |
| Travelers | $1,634 | $1,519 | 8% |
| USAA | $1,172 | $1,199 | -2% |
Read more: Best Car Insurance Companies
Cost of Insuring a BMW 3 Series by Model Year
The year your BMW 3 Series was produced can affect your insurance rates, with older models often costing less. For example, a 2022 model averages $1,914 annually for full coverage, while a 2009 model is around $1,321. Below are the average full and minimum coverage rates for every BMW 3 Series production year.
| 2022 | $601 | $1,914 |
| 2021 | $603 | $1,889 |
| 2020 | $592 | $1,834 |
| 2019 | $629 | $1,786 |
| 2018 | $641 | $1,730 |
| 2017 | $618 | $1,688 |
| 2016 | $646 | $1,645 |
| 2015 | $646 | $1,603 |
| 2014 | $614 | $1,571 |
| 2013 | $632 | $1,538 |
| 2012 | $623 | $1,506 |
| 2011 | $594 | $1,445 |
| 2010 | $612 | $1,382 |
| 2009 | $605 | $1,321 |
BMW 3 Series Insurance Costs by Driver Age
BMW 3 Series auto insurance rates vary greatly depending on the driver's age. For instance, 16-year-olds pay an average of $7,165 annually for full coverage, while 40-year-olds pay around $1,632. Below are the average full and minimum coverage rates for BMW 3 Series drivers across age groups.
| 16 | $2,853 | $7,165 |
| 17 | $2,324 | $5,847 |
| 18 | $2,034 | $5,169 |
| 19 | $1,439 | $3,679 |
| 20 | $1,294 | $3,350 |
| 21 | $1,024 | $2,694 |
| 22 | $936 | $2,478 |
| 23 | $869 | $2,313 |
| 24 | $825 | $2,201 |
| 25 | $723 | $1,953 |
| 26 | $704 | $1,898 |
| 27 | $688 | $1,856 |
| 28 | $676 | $1,826 |
| 29 | $667 | $1,800 |
| 30 | $643 | $1,729 |
| 35 | $625 | $1,668 |
| 40 | $618 | $1,632 |
| 45 | $613 | $1,606 |
| 50 | $597 | $1,552 |
| 55 | $581 | $1,504 |
| 60 | $581 | $1,499 |
| 65 | $620 | $1,550 |
| 70 | $673 | $1,658 |
| 75 | $747 | $1,820 |
| 80 | $844 | $2,024 |
| 85 | $912 | $2,170 |
| 90 | $963 | $2,274 |
BMW 3 Series Insurance Rates Explained
Several factors influence a driver's car insurance rates based on their profile. Additionally, insurers consider aspects specific to the vehicle itself. Below is a breakdown of vehicle-related factors that impact insurance costs.
BMW 3 Series Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296BMW 3 Series
Average Full Coverage Rate
$1,625Premiums for BMW 3 Series are:$329 more
This is 25% more expensive.
Value
The BMW 3 Series' MSRP of $60,595 classifies it as a luxury vehicle, which can lead insurers to charge more for car insurance.
Repair costs
The annual repair cost for the BMW 3 Series is $748, below the national average. Lower repair costs can reduce insurance rates, but factors like part availability and labor costs also play a role.
Performance
With a 0-to-60 time of 5.2 seconds and 255 horsepower, the BMW 3 Series isn't considered a high-performance vehicle. Insurers may not associate it with risky behavior, potentially keeping insurance costs moderate.
Vehicle age
Newer cars like the BMW 3 Series are typically more expensive to insure than older vehicles. However, collector and classic vehicles can be exceptions, often costing more to insure.
Safety features
Safety features like stability control, airbags and antilock brakes can qualify your vehicle for insurance discounts. The BMW 3 Series has an NHTSA safety rating of 5, reducing the risk of accidents.
Vehicle size
Larger vehicles usually cost more to insure due to increased property damage risk. The BMW 3 Series, with a curb weight of 4,180 lbs, may cost more to insure than smaller vehicles.
Trim level
Higher trim levels often include premium upgrades, increasing the car's MSRP. As a result, insuring a BMW 3 Series with a higher trim level typically costs more than insuring the base model.
Theft rates
Vehicles at higher risk of theft cost more to insure. The BMW 3 Series has a theft relative claims frequency of 22, which may lead to higher insurance rates.
Cheapest BMW 3 Series Insurance
State Farm offers the cheapest insurance for the BMW 3 Series, with an annual minimum coverage rate of $483. This rate is for a 40-year-old male driver with a clean driving record. Below is a breakdown of the most affordable BMW 3 Series insurance rates across various coverage levels, age groups, driving records, model years and more.
Cheapest BMW 3 Series Insurance by Coverage Level
Choosing the right coverage level significantly impacts your BMW 3 Series insurance rate. State Farm offers the cheapest rates for both state minimum and full coverage. Below is a breakdown of the cheapest provider for both coverage types.
Cheapest BMW 3 Series Minimum Coverage
State Farm offers the cheapest minimum coverage for a BMW 3 Series at $40 monthly. GEICO, Travelers and Nationwide follow, with rates between $41 and $55.
| USAA | $31 | $371 |
| State Farm | $40 | $483 |
| GEICO | $41 | $489 |
| Travelers | $53 | $634 |
| Nationwide | $55 | $656 |
| Allstate | $55 | $660 |
| Progressive | $60 | $715 |
| Farmers | $64 | $766 |
*State Farm offers the lowest average minimum coverage insurance rate for non-military-affiliated BMW 3 Series owners. USAA is the most affordable option for military-affiliated drivers.
Best BMW 3 Series Insurance Rates by Model Year
The above list doesn’t include your BMW 3 Series' production year, which means lower insurance rates might be available depending on your car’s age. Check the table below to filter and find the most affordable minimum coverage rates for every production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $655 | $55 |
| Farmers | $776 | $65 |
| GEICO | $505 | $42 |
| Nationwide | $585 | $49 |
| Progressive | $676 | $56 |
| State Farm | $472 | $39 |
| Travelers | $654 | $55 |
| USAA | $369 | $31 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage BMW 3 Series Insurance
State Farm offers the cheapest full coverage insurance for the BMW 3 Series at $106 monthly or $1,271 annually. Below is the full list of BMW 3 Series insurance providers and rates for full coverage.
| USAA | $93 | $1,122 |
| State Farm | $106 | $1,271 |
| GEICO | $115 | $1,380 |
| Nationwide | $127 | $1,522 |
| Travelers | $135 | $1,622 |
| Allstate | $148 | $1,773 |
| Progressive | $156 | $1,874 |
| Farmers | $175 | $2,104 |
*On average, State Farm is the cheapest insurer for non-military-affiliated BMW 3 Series owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest BMW 3 Series Insurance by Age
Younger drivers aged 16 to 25 and seniors aged 55 and up often face higher insurance rates for their BMW 3 Series. Below is a breakdown of the cheapest BMW 3 Series insurance options by age.
Cheapest BMW 3 Series Insurance for Young Drivers
Young BMW 3 Series drivers can find the cheapest insurance with State Farm, with minimum coverage averaging $88 monthly or $1,056 annually. Below is a comprehensive list of the most affordable rates for young drivers.
| USAA | $63 | $762 |
| State Farm | $88 | $1,056 |
| GEICO | $96 | $1,158 |
| Travelers | $111 | $1,334 |
| Allstate | $124 | $1,484 |
| Nationwide | $144 | $1,726 |
| Farmers | $173 | $2,075 |
| Progressive | $176 | $2,114 |
*State Farm is the cheapest insurer for young, non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW 3 Series Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up, with rates as low as $531 annually or $44 monthly. See the full list of affordable BMW 3 Series insurers below.
| USAA | $41 | $491 |
| State Farm | $44 | $531 |
| GEICO | $49 | $583 |
| Travelers | $64 | $764 |
| Nationwide | $64 | $770 |
| Allstate | $67 | $800 |
| Progressive | $73 | $879 |
| Farmers | $86 | $1,031 |
*State Farm is the cheapest insurer for non-military-affiliated senior drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW 3 Series Insurance After an Accident
For BMW-3-Series drivers, State Farm, GEICO and Allstate provide the most affordable car insurance after an accident. Check out the complete list below.
| USAA | $47 | $559 |
| State Farm | $50 | $604 |
| GEICO | $64 | $769 |
| Allstate | $75 | $898 |
| Travelers | $76 | $916 |
| Nationwide | $84 | $1,007 |
| Progressive | $98 | $1,177 |
| Farmers | $130 | $1,557 |
BMW 3 Series Insurance Cost: Bottom Line
Regularly comparing rates from different providers can help you find affordable car insurance. This article examines BMW 3 Series insurance, outlining costs across various demographic groups and identifying the most budget-friendly options.
BMW 3 Series Insurance Rates: FAQ
Here are answers to common questions about BMW 3 Series insurance costs to help you understand what impacts your rates.
What company has the cheapest car insurance for a BMW 3 Series?
State Farm offers the most affordable option for insuring a BMW 3 Series, with an annual rate of $483 for minimum coverage.
What is the average cost of car insurance for a BMW 3 Series?
The average annual cost of minimum coverage on a BMW 3 Series is $607. Full coverage insurance costs about $1,625.
BMW 3 Series Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 quotes from Quadrant Information Services for a BMW 3 Series.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a BMW 3 Series:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine BMW 3 Series insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your BMW 3 Series.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.