2015 BMW M3 Insurance Rates
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UPDATED: Sep 30, 2017
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Average insurance rates for a 2015 BMW M3 are $1,628 a year with full coverage. Comprehensive costs approximately $344, collision costs $674, and liability insurance costs $452. Buying a liability-only policy costs as little as $504 a year, with high-risk insurance costing around $3,546. Teen drivers receive the highest rates at $6,032 a year or more.
Annual premium for full coverage: $1,628
Rate estimates for 2015 BMW M3 Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2015 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 $504 for only liability insurance to a much higher rate of $3,546 for a driver who has had serious violations or accidents.
These differences demonstrate why anyone shopping for car insurance should compare rates using their specific location and risk profile, rather than relying on price averages.
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 2015 BMW M3 Insurance
Looking for cheaper insurance coverage rates for your BMW M3? Nobody cherishes buying insurance coverage, especially knowing their premiums are through the roof. Having so many choices, it is very difficult to choose the lowest cost insurer.
Finding the best rates is easy if you know what you’re doing. If you have car insurance now, you should be able to reduce your rates substantially using this information. Drivers just need to learn the proper methods to buy insurance online.
Discounts on BMW M3 insurance
Companies do not list every available discount in a way that’s easy to find, so here is a list both the well known as well as the least known ways to save on car insurance. If you aren’t receiving every discount possible, you are paying more than you should be.
- Seat Belts Save – Requiring all passengers to use a seat belt could cut 10% or more off the personal injury premium cost.
- Multiple Cars – Buying insurance for all your vehicles with the same company may reduce the rate for each vehicle.
- Senior Discount – If you’re over the age of 55, you may qualify for reduced rates on M3 insurance.
- Defensive Driving Course – Taking a course in driver safety could save 5% or more and easily recoup the cost of the course.
- Resident Student – Any of your kids living away from home attending college without a vehicle on campus can be insured at a reduced rate.
- Paperwork-free – Certain companies may give you up to $50 for buying a policy and signing up over the internet.
Drivers should understand that many deductions do not apply to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.
To see a list of providers with the best car insurance discounts, click here.
Finding Insurance Coverage Deals
There are a variety of methods you can shop for 2015 BMW M3 insurance coverage but there is one way that is easier and takes less work. You could spend the better part of a day talking about coverages with insurance agencies in your area, or you can stay home and use online quotes to accomplish the same thing much quicker.
Many insurance companies enroll in a system where prospective buyers enter their coverage request one time, and each participating company provides a quote based on that data. This saves time by eliminating form submissions to every company.
To fill out one form to compare multiple rates now click here (opens in new window).
The only downside to getting quotes like this is you can’t choose the companies to get quotes from. So if you prefer to pick from a list of companies to receive pricing from, we put together a list of companies who write insurance coverage in your area. Click here to view list.
Whichever way you use, compare apples-to-apples coverages and limits on every quote you get. If your comparisons have different values for each quote you will not be able to determine which rate is truly the best.
Tailor your coverage to you
When choosing the right insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions can aid in determining whether you may require specific advice.
- Do I pay less if my vehicle is kept in my garage?
- Where can I get insurance after a DUI in my state?
- Is my custom paint covered by insurance?
- What if I total my 2015 BMW M3 and owe more than it’s worth?
- If my pet gets injured in an accident are they covered?
- Does insurance cover tools stolen from my truck?
If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.
Auto insurance coverages
Knowing the specifics of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.
Comprehensive or Other Than Collision
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as rock chips in glass, theft, falling objects, a broken windshield and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
This covers damage to your M3 caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a ditch, backing into a parked car, hitting a mailbox, rolling your car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.
Liability coverage can cover damages or injuries you inflict on other’s property or people. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as court costs, structural damage and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your BMW M3.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.
Medical costs insurance
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like surgery, hospital visits and nursing services. They are utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Power to the consumer
We covered a lot of tips how to shop for 2015 BMW M3 insurance online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the lowest priced auto insurance comes from some of the smallest insurance companies. These companies may only write in your state and offer lower rates than the large multi-state companies such as Progressive or GEICO.
While you’re price shopping online, make sure you don’t reduce coverage to reduce premium. There have been many situations where someone sacrificed uninsured motorist or liability limits only to regret that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
Additional learning opportunities
Rates by U.S. City
|New York City, NY||$2,571|
|Los Angeles, CA||$2,784|
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||$125|
|5-yr Claim Free||$107|
|Paid in Full/EFT||$78|
Discounts are estimated and may not be available from every company or in every state.