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What is the cheapest Classic Car Insurance for a BMW Z3?

Despite being launched in 1996, the BMW Z3's progress towards modern classic status has been slow - partly because it's reputation for reliability means they just keep going. But it's this status a reliable, usable sports car that attracts owners to it. 

Can I get it on a classic policy?

The BMW Z3 is considered a classic by most insurers.

What are the benefits?

As well as being with a specialist insurer, a classic policy will often offer benefits such as limited mileage discounts, free European cover, agreed valuation and club member discounts

How much are they worth?

When it comes to BMW Z3s, the 2.8-litre straight-six roadster is a popular choice. Expect to pay around £7000 for a good example from a dealer, while you should find a similar car in the classifieds for just over £6000. One that still needs a few jobs doing should be about £3500, while a runner in need of some TLC could be about £2050 . 

What to look for when buying one?

Rust can take hold of poorly maintained or accident damaged cars. Engine-wise, some cars were fitted with Nikasil bore liners, which should have been replaced under warranty. The other known weakspot is the VANOS system - BMW's version of variable-valve timing, which can be fragile.

How can I lower the cost of my insurance

Insurers often offer discounts if you’re a member of a classic car club. When it comes to the BMW Z3, BMW Car Club GB is widely recognised by most insurers. You could also get yourself a discount by keeping the miles down. If you've recently passed your test, consider taking a PassPlus, IAM or other driver qualification - some insurers will chip a bit off your premium if you do. Keeping your car garaged is also another good idea.

What about modifications?

Always tell your insurer about any modifications to the vehicle - some modifcations such as security systems or tracking devices can reduce your premium. But if your insurer knows your car is modified, you'll most likely get like-for-like cover so you won't be out of pocket if you need to make a claim.

Insurance quotes

The following fully-comprehensive insurance quotes are based on a BMW Z3 convertible owned by a 40-year-old Cambridgeshire-based man in full time employment. He is named driver on another car and has clean UK licence. Mileage is limited to 3000 a year and the car is kept garaged overnight.

Insurer Annual Premium
FluxDirect* £415.02*
Entire £482.23
Lancaster* £534.36*

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