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Key Takeaways
- BMW 3-Series car insurance costs $2,172 annually or $181 per month on average.
- Erie is the cheapest car insurance provider for the BMW 3-Series, at an average of $900 per annum.
- BMW 3-Series auto insurance cost is above average compared to that of many of its major competitors in the luxury compact sedan segment.
Since its launch in the year 1975, the BMW 3-Series model has been a popular name in the luxury compact sedan segment with its perfect balance of comfort and performance. But how about the cost of insuring your BMW 3-Series? Luxury cars cost more to insure than normal cars. So, it is always best to compare different insurance providers so that your selection does not lead to coverage gaps or financial loss. Let's learn more about BMW 3-Series car insurance costs in detail.
BMW 3-Series Auto Insurance Cost
The average insurance cost of a BMW 3-Series is around $2,172 per year. You can find the right insurance provider that can meet your insurance needs and offer the cheapest rates by shopping around and comparing quotes. The Way app can help you with the process by letting you compare multiple providers in minutes.
Are BMW 3-Series Models Expensive to Insure?
The average cost to insure a BMW 3-Series is above average compared to that of its direct competitors in the luxury compact sedan segment. Luxury sedan models like the Alfa Romeo Giulia and the Tesla Model 3 cost more to insure than the BMW 3-Series. At the same time, the insurance cost for popular models such as Mercedes-Benz C-Class and Audi A4 is lower than that of the 3-Series. The price difference is due to the high repair and maintenance costs and the advanced safety features of the BMW 3-Series.
| Luxury Compact Sedans | Average Annual Premium |
|---|---|
| Lexus IS 350 | $1,356 |
| Acura TLX | $1,692 |
| Volvo S60 | $1,836 |
| Audi A4 | $2,100 |
| Mercedes-Benz C-Class | $2,148 |
| Jaguar XE | $2,148 |
| BMW 3-Series | $2,172 |
| Infiniti Q50 | $2,184 |
| Alfa Romeo Giulia | $2,256 |
| Tesla Model 3 | $2,508 |
What Affects the Cost of BMW 3-Series Car Insurance?
Insurance companies normally consider several factors when determining your BMW 3-Series car insurance rate. Some of the most common factors are given below.
- Age of the driver
- Gender of the driver
- Location
- Vehicle age & trim
- Driver profile
- The insurance company you choose
BMW 3-Series Insurance Cost by Model Year
Older BMW 3-Series models usually have lower insurance costs since newer models come with advanced features, which lead to more expensive repairs and replacements. However, certain older model years cost more to insure due to rarely available parts or certain features found within a specific model year. The insurance costs for different model years of the BMW 3-Series are given below.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2020 BMW 3-Series | $182 | $2,181 |
| 2019 BMW 3-Series | $188 | $2,252 |
| 2018 BMW 3-Series | $102 | $1,229 |
| 2017 BMW 3-Series | $130 | $1,557 |
| 2016 BMW 3-Series | $113 | $1,359 |
| 2015 BMW 3-Series | $94 | $1,125 |
| 2014 BMW 3-Series | $100 | $1,199 |
| 2013 BMW 3-Series | $92 | $1,108 |
| 2012 BMW 3-Series | $101 | $1,212 |
| 2011 BMW 3-Series | $86 | $1,028 |
BMW 3-Series Cheapest Insurance Cost by Company
According to our research, Erie offers the cheapest BMW 3-Series car insurance rates. The average annual premium is just $900. However, the cheapest rates cannot always guarantee the best value. To get the maximum benefits, it is important to compare quotes from various providers and ensure that they have all the required features.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $75 | $900 |
| Progressive | $77 | $921 |
| USAA | $90 | $1,078 |
| State Farm | $91 | $1,086 |
| Nationwide | $97 | $1,163 |
Cheapest Insurance Companies Based on BMW 3-Series Model Years
2020 BMW 3-Series
Tennessee Farmers offers the most competitive insurance rates for the 2020 BMW 3-Series at just $1,317 per annum. Otherwise, it costs around $2,181 per year to insure a 2020 model on average.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Tennessee Farmers | $110 | $1,317 |
| Vermont Mutual | $119 | $1,424 |
| American Family | $123 | $1,473 |
| Erie | $126 | $1,515 |
| Nationwide | $129 | $1,551 |
| 21st Century | $134 | $1,602 |
| State Farm | $142 | $1,706 |
| Country | $144 | $1,732 |
| Mercury | $152 | $1,820 |
| USAA | $152 | $1,824 |
| Southern Farm Bureau | $152 | $1,825 |
2019 BMW 3-Series
Generally, it costs around $2,252 per year to insure a 2019 BMW 3-Series. Cincinnati Insurance offers the most competitive insurance rates for the 2019 model at $1,352 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Cincinnati Insurance | $113 | $1,352 |
| Erie | $114 | $1,373 |
| Auto Owners | $117 | $1,399 |
| Nationwide | $117 | $1,406 |
| American Family | $125 | $1,495 |
| USAA | $134 | $1,602 |
| Country | $142 | $1,701 |
| State Farm | $145 | $1,740 |
| Acuity | $146 | $1,750 |
| Mercury | $148 | $1,777 |
| Southern Farm Bureau | $152 | $1,825 |
2018 BMW 3-Series
Erie offers the cheapest BMW 3-Series insurance rates for the 2018 model at $834 per year. According to the general insurance market trend, the average annual cost for the model is $1,229.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $69 | $834 |
| Progressive | $74 | $889 |
| State Farm | $79 | $944 |
| Nationwide | $84 | $1,008 |
| USAA | $84 | $1,011 |
| Tennessee Farmers | $94 | $1,122 |
| Plymouth Rock | $117 | $1,403 |
| Acuity | $118 | $1,414 |
| Vermont Mutual | $126 | $1,511 |
| American Family | $128 | $1,529 |
| Country | $130 | $1,559 |
2017 BMW 3-Series
Insuring a 2017 BMW 3-Series typically costs about $1,557 annually, with Erie providing the most competitive rate at $834 per year.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $69 | $834 |
| Progressive | $85 | $1,023 |
| State Farm | $87 | $1,049 |
| Nationwide | $99 | $1,182 |
| USAA | $99 | $1,187 |
| Plymouth Rock | $111 | $1,337 |
| Tennessee Farmers | $113 | $1,355 |
| Acuity | $114 | $1,374 |
| Vermont Mutual | $116 | $1,396 |
| Country | $127 | $1,520 |
| American Family | $127 | $1,521 |
2016 BMW 3-Series
For the 2016 BMW 3-Series, the average insurance cost is approximately $1,359 yearly. Erie offers the lowest rate at $761 annually.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $63 | $761 |
| USAA | $81 | $977 |
| State Farm | $82 | $984 |
| Progressive | $83 | $995 |
| Nationwide | $90 | $1,080 |
| Tennessee Farmers | $96 | $1,150 |
| Plymouth Rock | $110 | $1,310 |
| Acuity | $111 | $1,335 |
| Vermont Mutual | $113 | $1,353 |
| American Family | $119 | $1,428 |
| Country | $121 | $1,454 |
2015 BMW 3-Series
You can expect to pay around $1,125 per year on 2015 BMW 3-Series car insurance. However, Erie offers the cheapest premium rate at just $689 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $57 | $689 |
| State Farm | $66 | $790 |
| Progressive | $68 | $820 |
| USAA | $70 | $835 |
| Nationwide | $81 | $973 |
| American Family | $103 | $1,234 |
| Tennessee Farmers | $104 | $1,248 |
| Plymouth Rock | $105 | $1,252 |
| Acuity | $106 | $1,275 |
| Vermont Mutual | $107 | $1,284 |
| Country | $111 | $1,325 |
2014 BMW 3-Series
On average, insuring a 2014 BMW 3-Series will cost you around $1,199 per year. Erie offers the most affordable rate at just $712 per year.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $59 | $712 |
| USAA | $71 | $854 |
| State Farm | $72 | $861 |
| Progressive | $73 | $876 |
| Nationwide | $91 | $1,092 |
| Plymouth Rock | $100 | $1,204 |
| Vermont Mutual | $102 | $1,220 |
| Acuity | $103 | $1,236 |
| Tennessee Farmers | $104 | $1,251 |
| American Family | $105 | $1,263 |
| Country | $115 | $1,376 |
2013 BMW 3-Series
The average annual insurance premium for a 2013 BMW 3-Series is $1,108. The cheapest rates are provided by Erie at just $690 per year. USAA also offers competitive deals at just $776 per annum.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $58 | $690 |
| USAA | $65 | $776 |
| State Farm | $66 | $792 |
| Progressive | $71 | $855 |
| Nationwide | $87 | $1,043 |
| American Family | $101 | $1,204 |
| Plymouth Rock | $101 | $1,206 |
| Acuity | $101 | $1,207 |
| Vermont Mutual | $103 | $1,237 |
| Tennessee Farmers | $104 | $1,246 |
| Country | $111 | $1,334 |
2012 BMW 3-Series
Erie offers the cheapest insurance rates for the 2012 BMW 3-Series, starting at just $705 per year. Generally, the average annual insurance premium for the model is $1,212.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $59 | $705 |
| USAA | $65 | $775 |
| State Farm | $70 | $834 |
| Progressive | $86 | $1,027 |
| Nationwide | $90 | $1,078 |
| Plymouth Rock | $98 | $1,180 |
| Acuity | $99 | $1,189 |
| Vermont Mutual | $100 | $1,200 |
| American Family | $102 | $1,226 |
| Tennessee Farmers | $107 | $1,289 |
| Allstate | $112 | $1,347 |
2011 BMW 3-Series
The cheapest insurance provider for the 2011 BMW 3-Series is Erie with a premium rate of $601 per year. Generally, it costs around $1,028 per year to insure the model on average.
| Company | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Erie | $50 | $601 |
| USAA | $56 | $676 |
| State Farm | $59 | $712 |
| Progressive | $74 | $886 |
| Nationwide | $78 | $934 |
| Vermont Mutual | $83 | $994 |
| American Family | $84 | $1,004 |
| Tennessee Farmers | $90 | $1,083 |
| Country | $93 | $1,117 |
| Plymouth Rock | $93 | $1,119 |
| Allstate | $100 | $1,197 |
BMW 3-Series Safety Features
The BMW 3-Series has several safety features, which can reduce insurance rates by getting you qualified for available discounts.
Some of the installed features include:
- Anti-lock Braking System (ABS)
- Dynamic Stability Control (DSC)
- Traction Control
- Multiple airbags (front, side, curtain)
- ISOFIX/LATCH child-seat anchors
- Tire Pressure Monitoring System (TPMS)
- Rearview camera
- Parking sensors (front and rear)
- Lane Departure Warning
- Forward Collision Warning with Automatic Emergency Braking
- Blind-Spot Monitoring
- Adaptive Cruise Control
- Driver Attention Monitoring
- Automatic High Beams / Adaptive Headlights
- BMW Assist emergency call system
BMW 3-Series Safety Ratings
The BMW 3-Series has overall good safety ratings, which indicate a lower risk of injury, damage, and repair costs, which can lower its insurance rates. Since insurance companies often consider safety ratings when determining a car model's premium rates, the safety ratings of the 3-Series play a key role in its insurance pricing.
| Category | IIHS Ratings |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger-side | Good |
| Moderate overlap front: original test | Good |
| Side: original test | Good |
| Roof strength | Good |
| Head restraints & seats | Good |
| Headlights (varies by trim/option) | Good / Marginal / Poor |
| Front crash prevention: vehicle-to-vehicle — Standard | Superior |
| Front crash prevention: vehicle-to-vehicle — Optional | Superior |
| Front crash prevention: pedestrian (day) — Standard | Superior |
| Front crash prevention: pedestrian (day) — Optional | Advanced |
| LATCH ease of use | Good |
| Blind spot detection | Optional |
| Lane departure warning | Standard |
| Lane departure prevention | Optional |
| Rear automatic braking | Optional |
How Do I Find the Best BMW 3-Series Car Insurance Rates?
- You should always research the market and analyze the insurance trends before purchasing your BMW 3-Series insurance. It could be tempting to choose a provider that offers a low rate. However, it's always better to apply for multiple free insurance quotes from as many companies as you can. You can either apply individually or use an insurance platform like Way.com.
- The best approach for finding the right policy is to analyze all of your options. Only choose a provider who offers a balance of low rates and comprehensive coverage. Ask for available discounts, such as multi-policy, good student, loyalty, and senior citizen discounts that can lower your insurance costs.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best, so consider spending a little bit more to get comprehensive coverage. You can also save more on your BMW 3-Series insurance costs by bundling your home and car insurance policies.
How to Get BMW 3-Series Car Insurance with Way.com
Download the Way app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes. On our platform, you can compare offers from more than 140 different insurance providers. This will help you choose the best option that can reduce your BMW 3-Series car insurance costs.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
Frequently Asked Questions
How much does it cost to insure a BMW 3-Series?
The BMW 3-Series insurance cost typically falls around $2,172 per year, depending on factors like the driver's age, location, driving history, and coverage level.
Is full coverage insurance necessary for a BMW 3-Series?
No, full coverage is required only if your car is leased or financed. For older or fully paid-off models, liability coverage is the minimum requirement.
Is the BMW 3-Series expensive to insure compared to other luxury compact sedans?
The BMW 3-Series car insurance cost is above average compared to the insurance price range of many of its direct competitors in the luxury compact sedan segment.
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