Compare BMW 3 Series Car Insurance Rates [2023]
The average BMW 3 Series car insurance rates are $108/mo. You may see lower car insurance rates because the new BMW 3 Series models have an exceptional vehicle alarm system that significantly reduces the chance of theft.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 16, 2023
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 company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above 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.
UPDATED: Jun 16, 2023
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 company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The BMW 3 Series is equipped with a plethora of safety features
- The average BMW 3 Series car insurance rates are $108/mo.
- This vehicle received top scores in crash tests
- Years ago, people were leery of buying a European-made car. These fears have dissipated in recent years
Do you know how much car insurance for a BMW 3 Series is? Well, did you know that choosing to buy a new BMW 3 Series could save you more in insurance costs compared to buying a used BMW 3 Series?
Many people wonder what the differences between used BMW insurance costs, and the cost of insurance on a new BMW. Either way, we are here to help you with the decision!
Read on to learn all about BMW car insurance and especially BMW 3 Series car insurance costs so you can find out approximately how much you will pay for auto insurance coverage on your BMW.
Of course, rates can vary greatly from one area of the country to another and from one driver to the next so be sure to enter your ZIP code above for FREE a quote comparison.
What are some factors that affect my car insurance rates?
Do you ever wonder, “How much is car insurance for a BMW?”
Specific BMW car insurance quotes greatly rely on the driver, type of vehicle, location where the vehicle will be driven, and purpose the vehicle will be driven.
Questions arise like:
- Does the driver have a history of accidents and law infringement?
- Is the vehicle designed for racing?
- What is the overall vehicle type history?
- Is vehicle garage kept?
- What is the safety record of the geographic area?
- Is the vehicle driven daily?
- Is the vehicle driven for company use?
As always, it is highly recommended to shop around in order to find the BMW insurance rates and plans that best matches the needs of the owner.
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European Auto Insurance Rates
Historically, American consumers have shied away from purchasing vehicles manufactured in Europe for three primary reasons.
- A major concern has been the cost and difficulty in finding replacement parts.
- Second, the purchase price of the vehicle has reflected the import tariffs and the general cost of shipping a vehicle from a European plant to a sales lot somewhere in the interior of the United States. For this reason, the cost of owning a BMW 3 Series could be affected by car insurance!
- These first two reasons culminate into a third fear that the cost of insurance would be unreasonably high. And, while this made perfect sense 30 years ago, our new global economy has enabled products like the BMW 3 Series to match the affordability of its American competition.
Specifically with the cost of insurance for a BMW 3 Series, the German auto manufacturers have been at the forefront of developing safety technologies which have a tremendous impact in the reduction of insurance rates.
What are the safety ratings of the BMW 3?
According to US News, the Insurance Institute for Highway Safety gave the 2016 BMW 3 Series a “good” rating (this is their highest rating) in all areas but one, and the NHTSA gave them an overall five-star rating (their top rating).
Obtaining scores like these allow for the cost of insuring a BMW 3 Series to become more favorable, as car insurance companies will note less risk of significant medical costs associated with passengers inside the vehicle.
As mentioned, BMW has been at the forefront of developing technologies to increase passenger safety and decrease the likelihood of tragedy during accidents. These safety features that could lower the cost of insurance on a BMW 3 Series include:
- Four-wheel anti-lock disc brakes
- Side curtain air bags
- Run-flat tires
- A feature unique to BMWs is a system that wipes the brake rotors dry when the windshield wipers are in use.
- A brake assist feature also automatically primes the brakes. Whenever the driver releases the accelerator, the brake pads are pulled closer to the wheels.
- Standard driver and passenger air bags (the passenger air bag turns off when no person is present)
- Safety cage roll bar technology further reduces the risk of significant injury or death to occupants in case of an accident in which the vehicle is flipped or becomes turned onto its side.
The cost of insuring a BMW 3 Series will be less than insuring a vehicle that does not have these features.
In addition, new BMW 3 Series have an exceptional vehicle alarm system that significantly reduces the chance of theft.
Having theft protection devices further reduces risk to the insurance company and thus reduces the cost of insuring the vehicle.
Enter your ZIP code to start comparing personalized auto insurance quotes online now!
Frequently Asked Questions
How can I compare car insurance options for my BMW 3 Series?
To compare car insurance options for your BMW 3 Series, you can follow these steps:
- Assess your coverage needs: Determine the types and levels of coverage you require based on factors like the age of your car, your driving habits, and your budget.
- Obtain multiple quotes: Collect quotes from different insurance providers that offer coverage for BMW vehicles. You can reach out to insurance agents directly or use online comparison tools.
- Compare coverage and premiums: Evaluate the coverage options and premiums offered by each insurer for your BMW 3 Series. Consider factors such as deductibles, liability limits, comprehensive and collision coverage, and any additional features or benefits.
- Consider additional factors: Take into account customer reviews, the financial stability of the insurance company, available discounts, and the quality of customer service.
- Make an informed decision: Choose the car insurance policy that best suits your needs and budget for your BMW 3 Series.
What factors should I consider when comparing car insurance for a BMW 3 Series?
When comparing car insurance for your BMW 3 Series, consider the following factors:
- Coverage options: Evaluate the types of coverage available, such as liability, collision, comprehensive, uninsured/underinsured motorist coverage, and personal injury protection.
- Premiums: Compare the premiums quoted by different insurers for similar coverage. Be sure to consider any discounts or incentives that may apply.
- Deductibles: Consider the deductible amounts and how they impact your premiums. Higher deductibles typically result in lower premiums but require more out-of-pocket expenses in the event of a claim.
- Discounts: Inquire about available discounts specifically for BMW owners, such as vehicle safety features discounts or loyalty discounts.
- Customer reviews and reputation: Read reviews and ratings from other BMW owners to gauge the customer service and claims handling of the insurance companies.
- Financial stability: Check the financial ratings of insurance companies from reputable sources to ensure they are financially stable and capable of fulfilling claims.
Are BMW 3 Series cars more expensive to insure compared to other vehicles?
The cost of insurance for a BMW 3 Series can be higher compared to some other vehicles due to factors such as the vehicle’s value, repair costs, and perceived risk associated with luxury cars. Insurance premiums are influenced by factors like the model year, trim level, engine size, and the driver’s personal circumstances.
Can I get discounts on car insurance for my BMW 3 Series?
Yes, many car insurance providers offer various discounts that can help lower your premiums for a BMW 3 Series. Some common discounts include:
- Safety features discount: BMW vehicles typically come equipped with advanced safety features that may qualify for discounts.
- Anti-theft discount: If your BMW has anti-theft devices installed, you may be eligible for a discount.
- Good driver discount: Maintaining a clean driving record can make you eligible for a discount.
- Multi-policy discount: Bundling your car insurance with other policies, such as home or renters insurance, with the same provider can often lead to discounted rates.
Should I choose OEM parts coverage for my BMW 3 Series?
Choosing OEM (Original Equipment Manufacturer) parts coverage for your BMW 3 Series can be beneficial, especially if you prefer to have your car repaired with genuine BMW parts. OEM parts are specifically designed for your vehicle, ensuring optimal fit and performance. However, OEM parts coverage may result in higher premiums compared to aftermarket parts coverage.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
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.