1995 BMW M3 Insurance Rates
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UPDATED: Nov 16, 2021
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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
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.
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 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
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.
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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 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:
- Protect Yourself Against Auto Theft (Insurance Information Insitute)
- Protecting Teens from Drunk Driving (Insurance Information Insitute)
- No-Fault Auto Insurance Statistics (Insurance Information Insitute)
- Steps to Take After an Auto Accident (Insurance Information Insitute)
- Vehicle Insurance in the U.S. (Wikipedia)
- A Tree Fell on Your Car: Now What? (Allstate)
Rates by U.S. City
|New York City, NY||$1,620|
|Los Angeles, CA||$1,752|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$63|
|5-yr Claim Free||$64|
|Paid in Full/EFT||$38|
Discounts are estimated and may not be available from every company or in every state.