The BMW M3 is a high-performance luxury sports car that has been popular among car enthusiasts for decades. With its sleek design and powerful engine, this car is a dream come true for many drivers. However, with great power comes great responsibility, and the cost of insuring a BMW M3 can be quite high. In this article, we will explore some of the factors that impact the cost of car insurance for a 2017 BMW M3 and highlight some of the most affordable rates from top companies.
Factors that Impact Car Insurance Cost for BMW M3
There are several factors that can impact the cost of car insurance for a BMW M3, including the driver’s age, gender, driving history, and location. Younger drivers, male drivers, and drivers with a history of accidents or traffic violations are typically considered higher risk and may face higher insurance rates. Additionally, the location where the car is parked and driven can also impact the cost of insurance. Drivers in urban areas or areas with higher rates of theft or vandalism may face higher rates.
Affordable Rates from Top Companies
Despite the high cost of insuring a BMW M3, there are still affordable rates available from top companies. Here are some examples:
– Geico: Geico is known for offering affordable rates to drivers of all types of cars, including high-performance sports cars like the BMW M3. On average, Geico customers with a 2017 BMW M3 pay around $2,000 per year for full coverage insurance.
– State Farm: State Farm is another top company that offers competitive rates for BMW M3 owners. On average, State Farm customers with a 2017 BMW M3 pay around $2,500 per year for full coverage insurance.
– Progressive: Progressive is a popular choice for drivers of all types of cars, including luxury sports cars like the BMW M3. On average, Progressive customers with a 2017 BMW M3 pay around $2,600 per year for full coverage insurance.
Cool Facts About the BMW M3
– The BMW M3 was first introduced in 1985 and has since become one of the most iconic sports cars in the world.
– The 2017 BMW M3 is powered by a 3.0-liter inline-six engine that produces 425 horsepower and 406 lb-ft of torque.
– The BMW M3 has a top speed of 155 miles per hour and can go from 0 to 60 miles per hour in just 3.9 seconds.
– The BMW M3 has won numerous awards and accolades over the years, including being named “Car of the Year” by Automobile Magazine in 2015.
In conclusion, while the cost of insuring a 2017 BMW M3 can be quite high, there are still affordable rates available from top companies. By considering factors such as age, gender, driving history, and location, drivers can find the best insurance rates for their BMW M3 and enjoy all the benefits that come with owning this iconic luxury sports car.