Estimates, not quotes

BMW M3 vs Lucid Air Insurance Cost

The Lucid Air is cheaper to insure by about $1,365 a year for full coverage by our estimate ($4,190 vs. $2,825), and cheaper in 51 of 51 states.

These are estimates, not quotes. Figures are modeled from public data (NAIC, Census, FEMA, IIHS/HLDI) for comparison only. Your actual premium depends on your insurer, driving history, vehicle and coverage choices. We are not an insurance company or agency. How we estimate

Side-by-side insurance estimate

CoverageBMW M3Lucid AirDifference
State minimum$795$675+$120
Standard (100/300/100)$1,150$980+$170
Full coverage$4,190$2,825+$1,365

National average base rates, driver in their 30s with a clean record, latest model year of each car. Difference = M3 minus Air.

Why one costs more to insure

FactorBMW M3Lucid Air
SegmentLuxury carLuxury car
PowertrainsGasolineElectric
HLDI collision (100 = avg)583361
HLDI comprehensive297—
HLDI property damage liability150120
HLDI bodily injury liability——
NHTSA overall rating—5★
NICB most-stolen rankNot in top 10Not in top 10
Recalls (latest 3 model years)07

Collision losses are the biggest swing factor: the BMW M3 has 222 points higher relative collision losses, meaning its crash repairs cost insurers more on average.

M3 vs Air insurance by state

StateM3AirDifference
Alabama$3,890$2,575+$1,315
Alaska$3,830$2,580+$1,250
Arizona$4,240$2,855+$1,385
Arkansas$4,040$2,640+$1,400
California$4,575$3,080+$1,495
Colorado$4,635$3,035+$1,600
Connecticut$4,280$2,945+$1,335
Delaware$4,185$2,920+$1,265
District of Columbia$5,535$3,725+$1,810
Florida$5,070$3,570+$1,500
Georgia$4,695$3,250+$1,445
Hawaii$3,195$2,150+$1,045
Idaho$2,900$1,940+$960
Illinois$3,800$2,535+$1,265
Indiana$3,115$2,075+$1,040
Iowa$3,065$1,955+$1,110
Kansas$3,505$2,255+$1,250
Kentucky$3,425$2,310+$1,115
Louisiana$5,590$3,780+$1,810
Maine$2,850$1,895+$955
Maryland$4,605$3,140+$1,465
Massachusetts$4,290$2,900+$1,390
Michigan$4,785$3,215+$1,570
Minnesota$3,580$2,330+$1,250
Mississippi$4,140$2,725+$1,415
Missouri$3,860$2,545+$1,315
Montana$3,515$2,250+$1,265
Nebraska$3,530$2,270+$1,260
Nevada$4,185$2,965+$1,220
New Hampshire$3,205$2,140+$1,065
New Jersey$4,610$3,215+$1,395
New Mexico$3,835$2,550+$1,285
New York$5,185$3,585+$1,600
North Carolina$3,540$2,325+$1,215
North Dakota$3,010$1,905+$1,105
Ohio$3,145$2,095+$1,050
Oklahoma$3,970$2,585+$1,385
Oregon$3,440$2,380+$1,060
Pennsylvania$3,940$2,610+$1,330
Rhode Island$4,830$3,335+$1,495
South Carolina$4,050$2,775+$1,275
South Dakota$3,455$2,135+$1,320
Tennessee$3,745$2,475+$1,270
Texas$5,065$3,335+$1,730
Utah$3,555$2,450+$1,105
Vermont$3,105$2,030+$1,075
Virginia$3,635$2,445+$1,190
Washington$3,450$2,375+$1,075
West Virginia$3,715$2,420+$1,295
Wisconsin$2,970$1,945+$1,025
Wyoming$3,580$2,230+$1,350

By driver profile (full coverage)

DriverM3Air
Teen driver (18, own policy)$11,525$7,765
Young adult (22)$6,705$4,520
Adult in their 30s$4,190$2,825
Adult in their 50s$3,855$2,600
Senior (72)$4,695$3,165
30s, one at-fault accident$6,080$4,095
30s, DUI on record$7,755$5,225

More comparisons

Frequently asked questions

Is the BMW M3 or the Lucid Air cheaper to insure?

By our estimate the Lucid Air is cheaper, by about $1,365 a year for full coverage ($4,190 vs. $2,825) for a driver in their 30s with a clean record.

Why does insurance cost differ between the BMW M3 and Lucid Air?

Mostly because of insurance-loss history: HLDI collision indices of 583 vs. 361 and comprehensive indices of 297 vs. n/a (100 = average), plus repair costs, theft rates and segment.

How we estimate this

We start from the state's average liability, collision and comprehensive premiums published by the NAIC, then apply a location factor (population density and commute time from the Census ACS, weather hazard scores from FEMA's National Risk Index), a vehicle factor (HLDI insurance-loss data where available, otherwise vehicle segment), and a driver-profile multiplier. Results are rounded ranges for comparison, not quotes. Read the full methodology.

Sources used on this page