Best BMW 3 Series Car Insurance in 2024 (Find the Top 10 Companies Here)
Erie, USAA, and State Farm offer the best BMW 3 Series car insurance with comprehensive coverage and rates starting at $65 per month. These companies are recognized for their extensive coverage options, military discounts, and outstanding customer service, making them top choices for insuring your BMW 3 Series.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Aug 27, 2024
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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: Aug 27, 2024
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.
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The best BMW 3 Series car insurance providers are Erie, USAA, and State Farm, offering rates as low as $65 per month. Erie stands out for its exceptional coverage and benefits, while USAA excels with military discounts and State Farm is praised for its customer service.
Read on to learn all about BMW car insurance rates 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.
Our Top 10 Company Picks: Best BMW 3 Series Car Insurance
Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
#1 10% A++ Customer Service Erie
#2 15% A+ Military Savings USAA
#3 17% B Local Agents State Farm
#4 20% A+ Low Rates Amica
#5 10% A+ Comprehensive Coverage Nationwide
#6 10% A+ Accident Forgiveness Allstate
#7 15% A++ Customizable Policies Farmers
#8 13% A++ Teen Drivers American Family
#9 12% A High-Risk Drivers Safeco
#10 10% A Hybrid Vehicles Travelers
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.
- The BMW 3 Series is equipped with a plethora of safety features
- The BMW 3 Series car insurance rates starts as low as $65 per month
- This vehicle received top scores in crash tests
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#1 – Erie: Top Pick Overall
Pros
- Affordable Rates: As mentioned in Erie car insurance review, Erie offers competitive rates at $175 per month, making it one of the most affordable options for insuring a BMW 3 Series, particularly for drivers looking to save on premiums.
- Comprehensive Coverage Options: Erie provides a wide range of coverage options, ensuring that BMW 3 Series owners can find a policy that meets their specific needs, from liability to comprehensive and collision.
- Exceptional Customer Service: Known for excellent customer service, Erie is highly rated by BMW 3 Series owners for its prompt and efficient handling of claims, ensuring a smooth experience during stressful times.
Cons
- Limited Availability: Erie insurance is not available in all states, which may limit accessibility for BMW 3 Series owners looking to take advantage of their competitive rates and customer service.
- Fewer Discounts: While Erie offers competitive rates, it has fewer discount options compared to some competitors, potentially making it less attractive for BMW 3 Series owners who qualify for multiple discounts elsewhere.
#2 – USAA: Best for Military Savings
Pros
- Competitive Rates: USAA offers competitive rates at $180 per month for BMW 3 Series insurance, making it a cost-effective choice for eligible members, particularly military families. Learn more in our USAA car insurance review.
- Superior Customer Satisfaction: USAA consistently ranks high in customer satisfaction, providing BMW 3 Series owners with reliable and highly rated service, particularly in claims handling and customer support.
- Comprehensive Coverage Options: USAA provides extensive coverage options, ensuring that BMW 3 Series owners can customize their policies to include everything from liability to full coverage, tailored to their needs.
Cons
- Membership Restrictions: USAA is only available to military members and their families, which limits its accessibility for BMW 3 Series owners who are not part of this demographic.
- Fewer Local Agents: USAA has fewer local agents compared to some other insurers, which might be a drawback for BMW 3 Series owners who prefer in-person service over online or phone interactions.
#3 – State Farm: Best for Local Agents
Pros
- Extensive Network of Agents: State Farm has a large network of local agents, making it convenient for BMW 3 Series owners to get personalized assistance and in-person support for their insurance needs.
- Wide Range of Discounts: State Farm offers numerous discounts, including multi-policy and safe driver discounts, which can significantly reduce premiums for BMW 3 Series owners. More information about their rates in our State Farm car insurance review.
- Comprehensive Coverage Options: State Farm provides extensive coverage options, ensuring BMW 3 Series owners can customize their policies to include everything from liability to comprehensive and collision coverage.
Cons
- Higher Premiums for Young Drivers: State Farm tends to charge higher premiums for younger drivers, making it less attractive for BMW 3 Series owners who fall into this category.
- Variable Coverage Availability: Some coverage options may not be available in all states, which can limit the choices for BMW 3 Series owners depending on their location.
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#4 – Amica: Best for Low Rates
Pros
- Strong Customer Satisfaction: Amica is known for high customer satisfaction ratings, providing BMW 3 Series owners with reliable and responsive service, particularly in claims processing and customer support.
- Comprehensive Coverage Options: Amica offers a wide array of coverage options, allowing BMW 3 Series owners to tailor their insurance policies to meet their specific needs, from basic liability to full coverage.
- Competitive Pricing: At $190 per month, Amica offers competitive pricing for BMW 3 Series insurance, making it an attractive option for drivers seeking both quality coverage and affordability. Learn more details in our page titled, “How do you get an amica mutual car insurance quote online?.”
Cons
- Limited Physical Locations: Amica has fewer physical locations compared to some larger insurers, which might be a drawback for BMW 3 Series owners who prefer face-to-face interactions with their insurance provider.
- Fewer Discounts Available: Amica offers fewer discount options compared to some competitors, potentially making it less appealing for BMW 3 Series owners who qualify for multiple discounts.
#5 – Nationwide: Best for Comprehensive Coverage
Pros
- Wide Range of Discounts: Nationwide offers a variety of discounts, including multi-policy and good driver discounts, which can help BMW 3 Series owners save significantly on their premiums. Check out their ratings in our complete Nationwide car insurance discount.
- Strong Financial Stability: Nationwide is financially stable, ensuring that BMW 3 Series owners can rely on prompt and full payment of claims.
- Comprehensive Coverage Options: Nationwide provides extensive coverage options, allowing BMW 3 Series owners to customize their policies to include everything from liability to comprehensive and collision coverage.
Cons
- Higher Average Rates: At $190 per month, Nationwide’s rates are higher than some competitors, which may not be as attractive for BMW 3 Series owners looking for the lowest possible premiums.
- Mixed Customer Service Reviews: While Nationwide is generally reliable, customer service reviews are mixed, which could be a concern for BMW 3 Series owners who prioritize consistent and high-quality support.
#6 – Allstate: Best for Accident Forgiveness
Pros
- Numerous Discount Opportunities: Allstate offers a variety of discounts, including for safe driving and bundling policies, which can help BMW 3 Series owners lower their insurance costs significantly.
- Strong Online Tools: Allstate provides robust online tools and mobile app features, making it easy for BMW 3 Series owners to manage their policies, file claims, and access support services.
- Comprehensive Coverage Options: As mentioned in our Allstate car insurance review, Allstate offers a broad range of coverage options, allowing BMW 3 Series owners to tailor their insurance policies to meet their specific needs.
Cons
- Higher Premiums: With an average rate of $195 per month, Allstate’s premiums are higher than some competitors, which might not be ideal for BMW 3 Series owners seeking the most affordable option.
- Customer Service Variability: Customer service experiences with Allstate can be inconsistent, which may be a drawback for BMW 3 Series owners who prioritize reliable and high-quality service.
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#7 – Farmers: Best for Customizable Policies
Pros
- Comprehensive Coverage Options: Farmers offers a wide range of coverage options, allowing BMW 3 Series owners to customize their policies to include everything from liability to full coverage.
- Good Customer Service: Farmers is known for its strong customer service, providing BMW 3 Series owners with reliable and responsive support, especially during the claims process. Learn more in our Farmers car insurance review.
- Discount Opportunities: Farmers provides various discount opportunities, including safe driver and multi-policy discounts, which can help BMW 3 Series owners save on their insurance premiums.
Cons
- Higher Premiums: At $200 per month, Farmers’ rates are higher than many competitors, which may not be as attractive for BMW 3 Series owners looking for the lowest possible premiums.
- Limited Digital Tools: Farmers’ online and mobile tools are not as advanced as some other insurers, which might be a drawback for tech-savvy BMW 3 Series owners who prefer digital interactions.
#8 – American Family: Best for Teen Drivers
Pros
- Competitive Rates: American Family offers competitive rates at $180 per month, making it an affordable option for BMW 3 Series owners looking to save on insurance costs. More information in our American Family car insurance review.
- Strong Customer Service: American Family is known for excellent customer service, providing BMW 3 Series owners with reliable and responsive support, particularly in claims handling.
- Wide Range of Coverage Options: American Family provides extensive coverage options, allowing BMW 3 Series owners to tailor their insurance policies to meet their specific needs.
Cons
- Limited Availability: American Family is not available in all states, which may limit accessibility for BMW 3 Series owners looking to take advantage of their competitive rates and customer service.
- Fewer Discount Options: While American Family offers competitive rates, it has fewer discount options compared to some competitors, potentially making it less attractive for BMW 3 Series owners who qualify for multiple discounts.
#9 – Safeco: Best for High-Risk Drivers
Pros
- Strong Financial Stability: As outlined in our Safeco car insurance review, Safeco is financially stable, ensuring that BMW 3 Series owners can rely on prompt and full payment of claims.
- Comprehensive Coverage Options: Safeco offers a wide range of coverage options, allowing BMW 3 Series owners to customize their policies to meet their specific needs.
- Good Customer Service: Safeco provides reliable customer service, ensuring that BMW 3 Series owners receive prompt and helpful support, especially during the claims process.
Cons
- Higher Average Rates: At $185 per month, Safeco’s rates are higher than some competitors, which may not be as attractive for BMW 3 Series owners looking for the lowest possible premiums.
- Limited Discount Opportunities: Safeco offers fewer discount options compared to some competitors, potentially making it less appealing for BMW 3 Series owners who qualify for multiple discounts.
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#10 – Travelers: Best for Hybrid Vehicles
Pros
- Strong Financial Stability: Travelers is financially stable, ensuring that BMW 3 Series owners can rely on prompt and full payment of claims. See more details on our Travelers car insurance review.
- Comprehensive Coverage Options: Travelers offers a wide range of coverage options, allowing BMW 3 Series owners to customize their policies to meet their specific needs.
- Discount Opportunities: Travelers provides various discount opportunities, including safe driver and multi-policy discounts, which can help BMW 3 Series owners save on their insurance premiums.
Cons
- Higher Premiums: At $198 per month, Travelers’ rates are higher than many competitors, which may not be as attractive for BMW 3 Series owners looking for the lowest possible premiums.
- Mixed Customer Service Reviews: Customer service experiences with Travelers can be inconsistent, which might be a drawback for BMW 3 Series owners who prioritize reliable and high-quality support.
Factors Influencing BMW 3 Series Car Insurance Rates
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 car insurance rates, and the cost of insurance on a new BMW. Either way, we are here to help you with the decision. The table below compares monthly rates for minimum and full coverage car insurance for a BMW 3 Series from various providers.
BMW 3 Series Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $85 $195
American Family $80 $180
Amica $72 $190
Erie $65 $175
Farmers $88 $200
Nationwide $83 $190
Safeco $75 $185
State Farm $72 $195
Travelers $90 $198
USAA $67 $180
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?
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.
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.
Read More: Export Car Insurance
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.
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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).
The new BMW 3 Series have an exceptional vehicle alarm system that significantly reduces the chance of theft.
Scott W. Johnson LICENSED INSURANCE AGENT
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 and brake assist system
- Side curtain air bags and standard driver/passenger air bags with auto-off feature
- Run-flat tires for enhanced safety
- Brake rotors drying system activated by windshield wipers
- Safety cage roll bar technology for increased protection in rollovers
The cost of insuring a BMW 3 Series will be less than insuring a vehicle that does not have these features. Having theft protection devices further reduces risk to the insurance company and thus reduces the cost of insuring the vehicle. Read our article titled “Anti-Theft Car Insurance Discounts.”
These discounts from top insurance providers for BMW 3 Series offer valuable opportunities for car owners to save money while maintaining comprehensive coverage and safety on the road.
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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, start by gathering quotes from multiple insurance providers. Use online comparison tools to input your vehicle details and coverage needs. Review the quotes to see which provider offers the best balance of coverage and cost.
What factors should I consider when comparing car insurance for a BMW 3 Series?
When comparing car insurance for your BMW 3 Series, consider factors such as the vehicle’s value, repair costs, safety features, and the type of coverage provided. Check the provider’s ratings, customer reviews, and the available discounts. Evaluate the policy’s terms, including deductibles and coverage limits, to ensure it meets your needs.
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Are BMW 3 Series cars more expensive to insure compared to other vehicles?
Insurance costs for a BMW 3 Series can be higher compared to other vehicles due to the car’s higher value, repair costs, and luxury status. The premiums may vary based on the model year, trim level, engine size, and your personal driving history. Typically, luxury and high-performance cars have higher insurance rates.
Read More: Best Insurance for Luxury Cars
Can I get discounts on car insurance for my BMW 3 Series?
Yes, many car insurance providers offer discounts that can lower your premiums for a BMW 3 Series. Common discounts include those for safe driving records, anti-theft devices, bundling policies, and completing defensive driving courses. Check with your insurer to find out which discounts you qualify for.
Should I choose OEM parts coverage for my BMW 3 Series?
Opting for OEM (Original Equipment Manufacturer) parts coverage can be advantageous if you prefer repairs with genuine BMW parts. OEM parts are designed specifically for your vehicle, ensuring better fit and performance. However, this type of coverage may result in higher premiums compared to aftermarket parts coverage.
Read More: Does car insurance cover performance parts?
How does having anti-theft technology affect my BMW 3 Series insurance rates?
Having advanced anti-theft technology in your BMW 3 Series can positively impact your insurance rates. Insurance providers often offer discounts for vehicles equipped with effective anti-theft systems, as these features reduce the risk of theft and potential claims.
What is the impact of safety ratings on BMW 3 Series insurance costs?
High safety ratings for the BMW 3 Series can lead to lower insurance premiums. Vehicles with excellent safety features and high crash test ratings are perceived as lower risk by insurers, which can result in discounts on your insurance rates.
Read More: Safety Features Car Insurance Discounts
Does the model year of my BMW 3 Series affect my insurance rates?
Yes, the model year of your BMW 3 Series can influence your insurance rates. Newer models may have higher premiums due to their increased value and repair costs, but they might also include advanced safety features that can reduce insurance costs. Conversely, older models might be cheaper to insure but may lack some modern safety technologies.
How can I find the best insurance company for my BMW 3 Series?
To find the best insurance company for your BMW 3 Series, compare quotes from different providers, assess their coverage options, and check their customer service ratings. Look for insurers with strong financial ratings and good reputations for handling claims efficiently.
Are there specific coverage options recommended for a BMW 3 Series?
For a BMW 3 Series, consider comprehensive and collision coverage in addition to liability insurance. Comprehensive coverage protects against non-collision-related damages such as theft and natural disasters, while collision coverage handles damage from accidents. You may also want to include roadside assistance and rental car reimbursement for added protection.
Affordable car insurance rates are just a click away. Enter your ZIP code into our free quote tool below to find the best policy for you.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
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.
