Would insurance be cheaper on a.......?

Question

would insurance be cheaper on a bmw z3...or a bmw m3 (both around the same year about a 1999 or 1998 maybe 2000)

and for a 16 year old

Answer 1

Depends entirely on the insurance group of the car. Insurance companies rate (normal) cars from group 1-20 (1 being lowest and non existent, 20 being the highest).

The BMW M3 is a high performance car and therefore falls into groups ranging from 18-20

The BMW Z3 depends mainly on the engine size, ranging from only group 14 for a 1.8i, up to group 18 for a 3.0i. However there has been a BMW Z3 M .. basically a Z3 with the M3 engine; this car is also group 20, and is also the fastest BMW around.

To summarise, the cheapest of the two cars would be a SMALLER ENGINED Z3

If you are going to pay for a group 20 BMW M3, then you might aswell be paying for a group 20 BMW Z3 M, same price, better performance!

However as you stated this is for a 16 year old (and im assuming you can drive at that age in your place of residence!) I think it is highly unlikely for an insurance company to offer insurance on a performance car like these BMW's. If you are lucky the smallest Z3 may be possible, but could be hugely expensive!

Answer 2

A BMW, even a used one, for a 16 year old is a DUMB idea.

Answer 3

well first i agree with the first answer lol it seems logical that the M3 would be cheaper but insurance companies can do whatever they want, they are mysterious and mostly evil, so you'll just have to get quotes on both...

Answer 4

It's going to depend on the coverages.  Minimum liability for either - assuming you can find a carrier willing to write you - is probably going to run you around $3,500.   Add collision and comprehensive, and you're looking at about $8,000.  

The difference between the two models is probably a couple hundred bucks - chicken feed, when you're talking about that much insurance premium.