1. Vehicles
  2. BMW
  3. M3
  4. 1995 Model Year

1995 BMW M3 Insurance Rates

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

Full Bio →

Written by

UPDATED: Nov 16, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Average insurance rates for a 1995 BMW M3 are $1,024 a year for full coverage insurance. Comprehensive insurance costs approximately $182, collision costs $242, and liability insurance costs $442. Buying a liability-only policy costs as little as $496 a year, with high-risk insurance costing $2,198 or more. Teenage drivers receive the highest rates at $4,064 a year or more.

Annual premium for full coverage: $1,024

Rate estimates for 1995 BMW M3 Insurance

Comprehensive $182
Collision $242
Liability $442

Rate data is compiled from all 50 U.S. states and averaged for all 1995 BMW M3 models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from as low as $496 for the bare minimum liability coverage to the much higher price of $2,198 for a driver who has had serious violations or accidents.

Liability Only $496
Full Coverage $1,024
High Risk $2,198

View Chart as Image

1995 BMW M3 insurance rates compared
Column chart showing 1995 BMW M3 insurance prices range from $621 to $4,064 for full coverage

These differences illustrate why everyone should compare rates using their specific location and risk profile, rather than relying on average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 1995 BMW M3 Insurance

Searching Companies

Searching for better insurance rates for your BMW M3? Searching for low-cost insurance on the internet can be problematic for consumers new to buying insurance on the web. With so many insurance companies available, how can consumers effectively compare the different rates to find the best pricing?

It’s important to check insurance prices every six months since insurance rates are usually higher with each renewal. Just because you found the lowest rates for M3 coverage a few years ago a different company probably has better rates today. Don’t believe everything you read about insurance on the internet, so we’re going to give you some good information on how to stop overpaying for insurance.

Take advantage of discounts

Companies that sell car insurance don’t always advertise all available discounts very clearly, so we researched both well-publicized as well as the least known discounts you could be receiving.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Paperwork-free – Some insurance companies may give you up to $50 just for signing your application over the internet.
  • Claim Free – Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
  • Federal Employees – Simply working for the federal government may qualify you for a discount for M3 coverage depending on your company.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less for M3 coverage than their less cautious counterparts.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. Most only cut individual premiums such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.

A partial list of companies who might offer these discounts include:

  • Farm Bureau
  • State Farm
  • Progressive
  • Allstate
  • Nationwide
  • MetLife

It’s a good idea to ask each company which discounts they offer. Some discounts may not be available in your area.

Low Cost Car Insurance

All major car insurance companies allow you to get insurance quotes directly from their websites. This process doesn’t take a lot of time as you simply type in your personal and coverage information as requested by the quote form. After the form is submitted, their rating system collects reports for credit and driving violations and generates a price determined by many factors.

Quoting online helps simplify price comparisons, but the work required to visit different websites and fill out multiple forms can get tiresome after awhile. But it’s very important to have as many quotes as possible in order to get the best price on car insurance.

A quicker way to compare rates is to use a quote form to return rates from a bunch of companies at once. It saves time, eliminates form submissions, and makes online quotes a little more enjoyable. Immediately after you send the form, it gets priced and you are able to buy any of the quote results. If one or more price quotes are lower than your current rates, you simply finish the application and buy the new coverage. The entire process takes less than 15 minutes and may save quite a bit of money.

If you want to use this form to compare rates, click here and enter your information. If you have your current policy handy, we recommend you enter deductibles and limits identical to your current policy. This makes sure you will be getting rate comparison quotes based on similar coverages.

How to know if you need help

When choosing the best insurance coverage coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.

For example, these questions might help in determining if you would benefit from professional advice.

  • Is my camper covered by my car insurance policy?
  • Can I drive in Mexico and have coverage?
  • Can I make deliveries for my home business?
  • How can I find cheaper teen driver insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • How much liability coverage do I need in my state?
  • Is my ex-spouse still covered by my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Does my policy cover my teen driver if they drive my company car?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Auto insurance coverages and their meanings

Learning about specific coverages of a auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like ambulance fees, rehabilitation expenses and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive auto insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from flooding, theft, damage from a tornado or hurricane and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability

Liability insurance provides protection from damage that occurs to other’s property or people that is your fault. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things like funeral expenses, court costs and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Collision coverage

Collision insurance covers damage to your M3 caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, damaging your car on a curb, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your BMW M3.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Saving money is sweet as honey

We just covered many ways to save on 1995 BMW M3 insurance. It’s most important to understand that the more you quote, the better your comparison will be. Consumers may even find the lowest rates come from a company that doesn’t do a lot of advertising.

While you’re price shopping online, don’t be tempted to skimp on critical coverages to save a buck or two. In many instances, an insured cut liability limits or collision coverage to discover at claim time they didn’t have enough coverage. Your strategy should be to get the best coverage possible at the best price.

Cheaper insurance is attainable on the web and also from your neighborhood agents, so compare prices from both in order to have the best chance of saving money. There are still a few companies who may not provide online price quotes and these regional insurance providers work with independent agents.

Even more information can be read at these sites:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

1995 BMW M3 Insurance Rates by City
City Premium
New York City, NY $1,620
Los Angeles, CA $1,752
Philadelphia, PA $1,369
Jacksonville, FL $1,487
Phoenix, AZ $1,193
Chicago, IL $1,375
Houston, TX $1,607
Seattle, WA $1,000
Columbus, OH $857
Indianapolis, IN $872

Need a specific model?

Choose your model and trim below

Rates by Driver Age

1995 BMW M3 Insurance Rates by Driver Age
Driver Age Premium
16 $4,064
20 $2,338
30 $1,046
40 $1,024
50 $940
60 $920

Full coverage, $500 deductibles

Rates by Deductible

1995 BMW M3 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,208
$250 $1,124
$500 $1,024
$1,000 $926

Full coverage, driver age 40

Rates by Liability Limit

BMW M3 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,024
50/100 $1,112
100/300 $1,223
250/500 $1,510
100 CSL $1,157
300 CSL $1,400
500 CSL $1,577

Full coverage, driver age 40

Rates for High Risk Drivers

1995 BMW M3 Insurance Rates for High Risk Drivers
Age Premium
16 $5,730
20 $3,722
30 $2,220
40 $2,198
50 $2,102
60 $2,082

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $136

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $52
Multi-vehicle $54
Homeowner $18
5-yr Accident Free $63
5-yr Claim Free $64
Paid in Full/EFT $38
Advance Quote $45
Online Quote $69
Total Discounts $403
Rate after discounts $621

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

1995 BMW M3 Insurance Rates by State
State Premium
Alabama $928
Alaska $788
Arizona $852
Arkansas $1,024
California $1,168
Colorado $978
Connecticut $1,054
Delaware $1,160
Florida $1,282
Georgia $946
Hawaii $738
Idaho $694
Illinois $764
Indiana $772
Iowa $692
Kansas $976
Kentucky $1,400
Louisiana $1,518
Maine $632
Maryland $846
Massachusetts $822
Michigan $1,782
Minnesota $856
Mississippi $1,228
Missouri $908
Montana $1,102
Nebraska $808
Nevada $1,230
New Hampshire $738
New Jersey $1,146
New Mexico $908
New York $1,080
North Carolina $592
North Dakota $840
Ohio $708
Oklahoma $1,054
Oregon $940
Pennsylvania $978
Rhode Island $1,368
South Carolina $930
South Dakota $866
Tennessee $900
Texas $1,236
Utah $760
Vermont $702
Virginia $616
Washington $794
West Virginia $940
Wisconsin $710
Wyoming $914

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

You May Also Enjoy These Articles