BMW M3 2-Dr Convertible Insurance Rates

U.S. average insurance rates for a BMW M3 2-Dr Convertible are $1,876 a year for full coverage insurance. Comprehensive insurance costs around $466, collision insurance costs $888, and liability costs around $364. Just liability insurance costs as low as $430 a year, and coverage for high-risk drivers costs $4,064 or more. Teenage drivers pay the highest rates at up to $6,640 a year.

Annual premium for full coverage: $1,876

Price estimates for type of coverage:

40-year-old driver, full coverage with $500 deductibles, and good driving record

Price Range for Insurance for this BMW M3 Trim Level

These price ranges illustrate why everyone should compare prices for a specific zip code, instead of making a decision based on average rates.

Use the form below to get rates for your location.

Insurance rates for a BMW M3 2-Dr Convertible are also quite variable based on the replacement cost of your M3, your age and driving record, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you are probably paying at least $2,200 to $3,000 extra each year, depending on your age. BMW M3 2-Dr Convertible insurance for high-risk drivers can be from 45% to 131% more than a normal policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,700 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay as much as $6,600 a year. View Rates by Age

The state you live in has a huge impact on BMW M3 2-Dr Convertible insurance prices. A driver around age 40 might see prices as low as $1,180 a year in states like North Carolina, , and , or be forced to pay as much as $1,800 on average in Michigan, Montana, and California. Rates by state and city are shown later in the article.

Using high physical damage deductibles could cut prices by as much as $910 annually, whereas buying more liability protection will increase prices. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase rates by as much as $327 more per year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to figure out your exact price is to regularly compare prices from multiple companies. Each insurance company uses a different method to calculate prices, so the rates may be quite different.

View Chart as Image

The chart estimates BMW M3 2-Dr Convertible insurance prices for various risks and coverage choices. The cheapest discount price is $1,047. Drivers who use higher $1,000 deductibles will pay $1,568. The average price for a driver age 40 with no violations using $500 deductibles is $1,876. Selecting more expensive $100 deductibles for physical damage coverage could cost up to $2,474. Drivers with multiple violations and accidents could be charged at least $4,064. The rate for full coverage for a 16-year-old driver can be as high as $6,640.

View Chart as Image