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2005 BMW M3 Insurance Rates

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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 ...

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UPDATED: Apr 27, 2020

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Average insurance rates for a 2005 BMW M3 are $1,128 a year for full coverage. Comprehensive costs an estimated $214 each year, collision insurance costs $288, and liability costs $468. Buying a liability-only policy costs as little as $518 a year, and high-risk insurance costs around $2,426. Teenage drivers receive the highest rates at up to $4,416 a year.

Annual premium for full coverage: $1,128

Rate estimates for 2005 BMW M3 Insurance

Comprehensive $214
Collision $288
Liability $468

Rate data is compiled from all 50 U.S. states and averaged for all 2005 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 the average driver, prices range range from as low as $518 for a discount liability-only rate to a high rate of $2,426 for a driver that may need high-risk insurance.

Liability Only $518
Full Coverage $1,128
High Risk $2,426

View Chart as Image

2005 BMW M3 insurance rates compared
Column chart showing 2005 BMW M3 insurance prices range from $675 to $4,416 for full coverage

These differences show why all drivers should compare rates for a targeted area and risk profile, instead of using 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 2005 BMW M3 Insurance

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Having to pay for overpriced auto insurance can empty your checking account and put the squeeze on your family’s finances. Doing a price comparison is free and is an excellent way to cut your insurance bill.

Many auto insurance companies vie for your insurance dollar, so it’s not easy to compare every provider to discover the definitive lowest price

If you have car insurance now, you stand a good chance to be able to cut costs considerably using these tips. Choosing the best insurance company for you is quite easy. But car owners must comprehend how insurance companies price online insurance and take advantage of how the system works.

More discounts equal less premium

Auto insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find ways to save on car insurance.

  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company could earn a price break for each car.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can get savings up to 30%.
  • Driver Safety – Completing a course in driver safety could save 5% or more if your company offers it.
  • Homeowners Pay Less – Owning a house can help you save on car insurance because owning a home demonstrates responsibility.
  • Paperless Signup – A handful of insurance companies give back up to $50 just for signing your application over the internet.

Drivers should understand that many deductions do not apply to all coverage premiums. Most only reduce individual premiums such as comp or med pay. So when it seems like all those discounts means the company will pay you, you won’t be that lucky.

Car insurance companies that may have these money-saving discounts are:

Double check with each insurance company which discounts they offer. Discounts might not be offered in every state.

Compare Insurance Coverage Today

To find the best insurance coverage prices, there are several ways to get quotes from different insurance companies. The easiest way by far to find the lowest 2005 BMW M3 rates is to perform an online rate comparison. This can be done in several different ways.

  1. The first (and easiest) way to find low rates would be an industry-wide quote request form like this one (opens in new window). This type of form saves time by eliminating separate forms for every insurance coverage company. One simple form will get you price quotes from multiple low-cost companies.
  2. A less efficient way to get quotes online requires visiting each individual company website and request a quote. For examples sake, we’ll pretend you want to compare rates from Nationwide, GEICO and Progressive. You would have to spend time on each company’s site and enter your policy data, which is why most consumers use the first method.

    For a list of links to insurance companies in your area, click here.

Whichever way you use, make darn sure you compare exactly the same deductibles and coverage limits for every company. If the quotes have higher or lower deductibles it will be impossible to determine which rate is truly the best. Slightly different limits could mean much higher rates. And when comparing insurance coverage rates, know that obtaining a wide range of quotes will improve the odds of getting a better price.

Free Auto Insurance Comparison

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

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It’s not one size fits all

When buying adequate coverage for your vehicles, there is no cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions could help you determine whether your personal situation may require specific advice.

  • Is my trailer covered?
  • Am I insured when driving a different vehicle?
  • Is motorclub coverage worth it?
  • I have a DUI can I still get coverage?
  • Why do I need rental car insurance?
  • Should I have a commercial auto policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Auto insurance coverages

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. These are the usual coverages available from auto insurance companies.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses like prosthetic devices, surgery, dental work, doctor visits and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverages – This covers damage to your M3 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, hitting a parking meter, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your BMW M3.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto liability – This coverage protects you from damage or injury you incur to a person or their property. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged property.

Liability coverage protects against claims like pain and suffering, structural damage, medical services and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive protection – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as a broken windshield, rock chips in glass and hail damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Find Good Coverage for Less

We’ve covered quite a bit of information on how to compare 2005 BMW M3 insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from the least-expected company. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Progressive or GEICO.

Lower-priced insurance is possible both online and with local insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who do not offer online price quotes and most of the time these smaller companies sell through independent agents.

Much more information about insurance coverage is available on the following sites:

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2005 BMW M3 Insurance Rates by City
City Premium
New York City, NY $1,785
Los Angeles, CA $1,929
Philadelphia, PA $1,506
Jacksonville, FL $1,640
Phoenix, AZ $1,310
Chicago, IL $1,516
Houston, TX $1,768
Seattle, WA $1,101
Columbus, OH $944
Indianapolis, IN $961

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2005 BMW M3 Insurance Rates by Driver Age
Driver Age Premium
16 $4,416
20 $2,570
30 $1,156
40 $1,128
50 $1,034
60 $1,012

Full coverage, $500 deductibles

Rates by Deductible

2005 BMW M3 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,344
$250 $1,244
$500 $1,128
$1,000 $1,012

Full coverage, driver age 40

Rates by Liability Limit

BMW M3 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,128
50/100 $1,222
100/300 $1,339
250/500 $1,643
100 CSL $1,268
300 CSL $1,526
500 CSL $1,713

Full coverage, driver age 40

Rates for High Risk Drivers

2005 BMW M3 Insurance Rates for High Risk Drivers
Age Premium
16 $6,240
20 $4,094
30 $2,454
40 $2,426
50 $2,316
60 $2,292

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 $151

Potential Rate Discounts

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

Discount Savings
Multi-policy $58
Multi-vehicle $60
Homeowner $19
5-yr Accident Free $72
5-yr Claim Free $71
Paid in Full/EFT $44
Advance Quote $51
Online Quote $78
Total Discounts $453
Rate after discounts $675

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

Find companies with the cheapest rates in your area

2005 BMW M3 Insurance Rates by State
State Premium
Alabama $1,022
Alaska $866
Arizona $936
Arkansas $1,128
California $1,286
Colorado $1,078
Connecticut $1,162
Delaware $1,278
Florida $1,414
Georgia $1,042
Hawaii $810
Idaho $762
Illinois $842
Indiana $850
Iowa $760
Kansas $1,076
Kentucky $1,540
Louisiana $1,670
Maine $698
Maryland $930
Massachusetts $902
Michigan $1,962
Minnesota $942
Mississippi $1,352
Missouri $1,002
Montana $1,214
Nebraska $890
Nevada $1,352
New Hampshire $814
New Jersey $1,262
New Mexico $1,000
New York $1,190
North Carolina $652
North Dakota $924
Ohio $780
Oklahoma $1,160
Oregon $1,034
Pennsylvania $1,076
Rhode Island $1,508
South Carolina $1,022
South Dakota $952
Tennessee $990
Texas $1,360
Utah $834
Vermont $772
Virginia $676
Washington $874
West Virginia $1,034
Wisconsin $782
Wyoming $1,006

Free Auto Insurance Comparison

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