2019 BMW M3 Insurance Rates in 2024

Searching for better insurance prices for a BMW M3 can turn out to be an all-consuming task, but you can learn our insurance buying tips to find lower rates.

There are more efficient ways to buy insurance so we’re going to tell you the quickest way to get price quotes for your BMW and obtain the lowest price from both online companies and local agents.

It’s a good idea to quote other rates once or twice a year since prices tend to go up over time. If you had the best rates for M3 insurance six months ago you can probably find a lower rate today. You’ll find a ton of advice on insurance online, but in a few minutes you can learn some proven techniques to save money.

Free insurance coverage price quotes

Performing a rate comparison can be a daunting task if you don’t know the easiest way. You can spend countless hours driving to insurance companies in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

The majority of car insurance companies take part in a program that allows shoppers to submit their information once, and each participating company provides a quote. This prevents consumers from doing quote forms to every company.

To compare pricing enter your zip code here.

One minor caveat to pricing coverage this way is you don’t know exactly which companies to get quotes from. So if you prefer to choose individual companies to compare rates, we have assembled a list of companies who write insurance coverage in your area. Click to enter zip code.

You can use whichever method you prefer to find lower rates, just double check that you are using the exact same deductibles and coverage limits with each company. If you are comparing different limits and deductibles on each one you can’t possibly determine which rate is truly the best.

Which policy gives me the best coverage?

When it comes to buying coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions could help you determine whether you may require specific advice.

• Is there coverage for injuries to my pets?
• What is no-fault insurance?
• Do I need to file an SR-22 for a DUI in my state?
• Can I still get insurance after a DUI?
• Is pleasure use cheaper than using my 2019 BMW M3 to commute?
• What is UM/UIM insurance?
• How high should my medical payments coverage be?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete your zip code. It is quick, free and you can get the answers you need.

Information about specific coverages

Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage – This covers damage to your M3 resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sustaining damage from a pot hole, rolling your car, sideswiping another vehicle, colliding with a tree and crashing into a ditch. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for bills such as dental work, hospital visits and funeral costs. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible

Comprehensive coverages – This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects, damage from getting keyed and damage from flooding. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage – This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW M3.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Coverage for liability – This can cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as bail bonds, funeral expenses and pain and suffering. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.