Is a BMW X3 or Volvo XC60 Cheaper to Insure?

• For a 2024 BMW X3, car insurance costs from $2,624 to $3,094 per year, while insurance for a 2024 Volvo XC60 can range from $2,224 to $2,616.
• With 38 models in the 2024 small luxury SUV class, the BMW X3 ranks 32^nd and the Volvo XC60 ranks 14^th for cheapest car insurance cost.
• For the 2024 model year, a Volvo XC60 has more affordable car insurance rates than a BMW X3 by an average of $400 per year.

Does insurance cost less for a BMW X3 or Volvo XC60?

Insurance rates for a 2024 BMW X3 average $2,830 per year, while insurance for a 2024 Volvo XC60 averages $2,430 per year, making the Volvo XC60 the model with better average insurance cost.

Out of four BMW X3 trims, the cheapest 2024 trim level to insure is the sDrive30i trim at an average cost of $2,624 per year, or $219 per month. For the seven trims available for the Volvo XC60, the cheapest 2024 trim to insure is the Core B5 AWD model at a cost of $2,224 per year, or around $185 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim level is the Volvo XC60 Core B5 AWD at a cost of $2,224 per year. The highest-cost model and trim is the BMW X3 M AWD at an average of $3,094 per year.

The table shown below compares and ranks the 12-month and monthly car insurance cost for 2024 BMW X3 and Volvo XC60 models, broken down by trim level.

The next chart illustrates the average cost to insure the two models using drivers aged 20 to 50. Insurance cost ranges from $2,496 to $5,714 per year for a 2024 BMW X3, and $2,146 to $4,830 for a 2024 Volvo XC60 for the driver ages used.

The two tables below display the average insurance cost by trim level for both 2024 models, including the average rate for each model. The 2024 Volvo XC60 has cheaper average car insurance rates than the 2024 BMW X3.

2023 BMW X3 vs. Volvo XC60

Insurance rates on a 2023 BMW X3 cost an average of $2,748 per year, whereas insurance for a Volvo XC60 averages $2,394 per year, making the Volvo XC60 the cheaper model to insure by $354 per year.

For the four trims available for the 2023 BMW X3, the cheapest trim to insure is the sDrive30i model at an average cost of $2,550 per year. The 2023 Volvo XC60 has 11 trims available, with the cheapest trim to insure being the Core trim at an average cost of $2,176 per year, or $181 per month.

When insurance prices for all 15 trim levels for both 2023 models are compared, the cheapest vehicle to insure is the Volvo XC60 Core at an average rate of $2,176 per year, and the most expensive vehicle to insure is the BMW X3 M xDrive at an average cost of $3,004 per year.

The table below ranks the annual and monthly cost of car insurance for 2023 BMW X3 and Volvo XC60 models, broken down by trim level.

The next chart shows the average cost to insure both models for the 20 to 50-year-old driver age groups. Average car insurance cost ranges from $2,426 to $5,558 per year for a 2023 BMW X3, and $2,104 to $4,822 for a 2023 Volvo XC60 for the included age groups.

The rate tables below illustrate average car insurance cost by trim level for each 2023 model, plus an average rate for each model. The model with the cheapest car insurance rates for 2023 is the Volvo XC60.

2022 BMW X3 vs. Volvo XC60

For 2022 BMW X3 and Volvo XC60 models, the model with the cheapest average insurance rates is the Volvo XC60. Insurance rates for the BMW X3 average $2,684 per year, while the Volvo XC60 averages $2,354 per year.

When looking at the range of insurance cost for each model, a 2022 BMW X3 ranges from the lowest rate of $2,492 per year for the sDrive model up to $2,924 for the M xDrive model.

For a 2022 Volvo XC60, rates can range from $2,160 per year for the Momentum model up to $2,542 on the most expensive to insure Recharge Polestar model.

The table shown below compares the annual and monthly car insurance cost for 2022 BMW X3 and Volvo XC60 models, showing average premium cost for each trim level.

The following chart visualizes the average cost to insure both 2022 models for drivers aged 20 to 50. Insurance cost ranges from $2,368 to $5,436 per year for a 2022 BMW X3, and $2,080 to $4,772 on a 2022 Volvo XC60 for the five driver ages sampled in the chart

Out of four BMW X3 trim levels, the cheapest 2022 trim to insure is the sDrive trim at an average cost of $2,492 per year, or $208 per month.

The 2022 Volvo XC60 has 12 option levels available, with the cheapest trim level to insure being the Momentum trim at an average cost of $2,160 per year.

When trim-level rates for both models are compared, the cheapest model and trim level to put coverage on is the Volvo XC60 Momentum at an average cost of $2,160 per year. The most expensive model and trim level is the BMW X3 M xDrive at an average of $2,924 per year.

The tables below illustrate the expected annual car insurance cost by trim level for both 2022 models, as well as the overall average rate for each model. The 2022 Volvo XC60 has cheaper average auto insurance rates than the 2022 BMW X3.

2021 BMW X3 vs. Volvo XC60

For 2021 BMW X3 and Volvo XC60 models, the Volvo XC60 has lower-cost car insurance by an average of $308 per year for this model year.

The chart shown below displays the average car insurance cost for both 2021 models using a range of rated driver ages. For a 2021 BMW X3, the average car insurance cost ranges from $2,188 to $5,040 per year for the chosen age groups in the chart. A full-coverage policy for a 2021 Volvo XC60 ranges from $1,920 to $4,402 on average per year.

Out of 15 trims for the 2021 BMW X3, the cheapest average insurance prices are on the sDrive 30i 2WD model at a cost of $2,320 per year, or about $193 per month.

For the 12 trims available for the Volvo XC60, the cheapest 2021 trim level to insure is the T5 Inscription 2WD model at a cost of $2,124 per year, or about $177 per month.

When comparing rates by trim level for both models, the cheapest model and trim level to put coverage on is the Volvo XC60 T5 Inscription 2WD at an average rate of $2,124 per year. The overall most expensive vehicle to insure is the BMW X3 Executive AWD at an average cost of $2,730 per year.

The next two tables illustrate the average cost to insure each trim level for a 2021 BMW X3 and Volvo XC60, along with an average cost for each model.

2020 BMW X3 vs. Volvo XC60

When comparing car insurance rates for 2020 models, a BMW X3 costs an average of $2,402 per year to insure and a Volvo XC60 costs $2,104, making the Volvo XC60 cheaper to insure by $298 per year.

The chart shown below illustrates the average car insurance cost for the two models with different drivers at the wheel. For a 2020 BMW X3, average car insurance cost ranges from $2,120 to $4,878 per year. Auto insurance on a 2020 Volvo XC60 costs from $1,862 to $4,268 on average per year.

Out of 15 BMW X3 trims, the cheapest 2020 trim level to insure is the sDrive 30i 2WD model at an average cost of $2,246 per year, or around $187 per month.

Out of the 12 different trim levels available for the Volvo XC60, the cheapest 2020 trim to insure is the T5 Inscription 2WD model at a cost of $2,056.

When comparing combined rates for both models from a trim-level perspective, the cheapest model and trim level to buy insurance for is the Volvo XC60 T5 Inscription 2WD at an average of $2,056 per year. The overall most expensive vehicle to insure is the BMW X3 Executive AWD costing an average of $2,644 per year.

The next tables display the cost to insure the available trim levels for both 2020 models, plus the average rate for each model. The 2020 Volvo XC60 has cheaper overall car insurance rates than the 2020 BMW X3.

2019 BMW X3 vs. Volvo XC60

For 2019 BMW X3 and Volvo XC60 models, the Volvo XC60 has cheaper car insurance rates by $328 per year for this comparison year.

The chart below demonstrates the average insurance cost for the two models for the 20, 30, 40, and 50-year-old driver age groups. Average insurance cost ranges from $1,938 to $4,422 per year on a 2019 BMW X3, and $1,648 to $3,752 on a 2019 Volvo XC60 for the age groups used in this illustration.

Out of three trim levels for the 2019 BMW X3, the cheapest insurance prices are on the 30i sDrive AWD model at a cost of $2,152 per year.

Out of the 12 trim options available for the Volvo XC60, the cheapest 2019 model to insure is the T5 Inscription 2WD trim at a cost of $1,788.

When all 15 trims of both models are combined and compared, the lowest-cost model and trim level to buy insurance for is the Volvo XC60 T5 Inscription 2WD at an average rate of $1,788 per year. The most expensive model and trim level is the BMW X3 m40i xDrive AWD costing an average of $2,274 per year.

The next two rate tables show the cost to insure the available trim levels for both 2019 models, plus an average rate for each model. The 2019 Volvo XC60 has lower-cost car average car insurance rates than the 2019 BMW X3.

2018 BMW X3 vs. Volvo XC60

When comparing insurance cost for 2018 models, a BMW X3 costs an average of $2,108 per year to insure while a Volvo XC60 costs $1,792, making the Volvo XC60 cheaper to insure by $316 per year.

The chart below demonstrates the average car insurance cost for both models with different driver age groups. Insurance cost ranges from $1,866 to $4,246 per year on a 2018 BMW X3, and $1,584 to $3,598 for a 2018 Volvo XC60 for the age groups in the chart

The 2018 BMW X3 has two trims available, with the cheapest trim level to insure being the 30i xDrive AWD trim at an average cost of $2,052 per year, or around $171 per month. For the 12 trim options available for the Volvo XC60, the cheapest 2018 model to insure is the T5 Inscription 2WD model at a cost of $1,762 per year, or $147 per month.

When comparing both models combined at a trim-level basis, the cheapest vehicle to buy insurance for is the Volvo XC60 T5 Inscription 2WD at an average cost of $1,762 per year. The highest-cost model and trim is the BMW X3 m40i AWD costing an average of $2,166 per year.

The tables below illustrate average car insurance rates for each trim level, including an overall average cost for each model. The 2018 Volvo XC60 has more affordable average car insurance rates than the 2018 BMW X3.

2017 BMW X3 vs. Volvo XC60

When comparing average insurance rates for the 2017 BMW X3 and Volvo XC60 models, the Volvo XC60 has cheaper rates by $386 per year for this model year.

The rate chart below visualizes the average cost to insure the two models rated for different driver ages. Insurance cost ranges from $1,748 to $3,966 per year for a 2017 BMW X3, and $1,398 to $3,146 on a 2017 Volvo XC60 for the included driver ages.

Out of four trims for the 2017 BMW X3, the cheapest car insurance rates are on the 28i sDrive AWD model at a cost of $1,916 per year. For the seven different trims available for the Volvo XC60, the cheapest 2017 model to insure is the T5 Dynamic 2WD model at a cost of $1,554.

When rates for all 11 trim levels for both vehicles are compared, the overall cheapest vehicle to buy insurance for is the Volvo XC60 T5 Dynamic 2WD at a cost of $1,554 per year, and the most expensive trim is the BMW X3 35i xDrive AWD costing an average of $2,024 per year.

The tables shown below show the average insurance cost by trim level for both 2017 models, plus an average rate for each model.

2016 BMW X3 vs. Volvo XC60

For 2016 BMW X3 and Volvo XC60 models, the Volvo XC60 has lower-cost car insurance by an average of $486 per year.

The rate chart below shows the average car insurance cost for both 2016 models rated for a variety of different driver ages. For a 2016 BMW X3, the average car insurance cost ranges from $1,684 to $3,804 per year for the example age groups. Full-coverage car insurance for a 2016 Volvo XC60 ranges from $1,242 to $2,742 on average per year.

The 2016 BMW X3 has four trim levels available, with the cheapest model to insure being the 28i sDrive AWD trim at an average cost of $1,838 per year. The 2016 Volvo XC60 has 17 different trim levels available, with the cheapest trim level to insure being the T5 2WD model at an average cost of $1,340 per year, or $112 per month.

When rates are compared for the 21 different option levels of both 2016 models, the most affordable model and trim level to buy insurance for is the Volvo XC60 T5 2WD at an average cost of $1,340 per year. The most expensive model and trim level is the BMW X3 35i xDrive AWD costing $1,938 per year.

The rate tables below detail average car insurance cost by trim level for each 2016 model, along with an average cost for each model.

2015 BMW X3 vs. Volvo XC60

For the 2015 BMW X3 and Volvo XC60 models, the Volvo XC60 costs less to insure by an average of $390 per year.

The chart shown below demonstrates the average cost to insure both models rated for drivers aged 20 to 50. For a 2015 BMW X3, average insurance cost ranges from $1,614 to $3,640 per year for the age groups included in the chart. Full-coverage car insurance for a 2015 Volvo XC60 ranges from $1,262 to $2,842 on average per year.

Out of four trims for the 2015 BMW X3, the cheapest car insurance rates are on the 28i sDrive AWD model at a cost of $1,762 per year.

For the 10 trim options available for the Volvo XC60, the cheapest 2015 trim level to insure is the T5 2WD trim at a cost of $1,352.

When trim-level rates for both models are compared, the cheapest vehicle to buy insurance for is the Volvo XC60 T5 2WD at an average rate of $1,352 per year. The most expensive model and trim level is the BMW X3 35i xDrive AWD costing an average of $1,854 per year.

The next tables display the average insurance cost by trim level for both 2015 models, including the average rate for each model. The model with the cheapest average car insurance rates for 2015 is the Volvo XC60.

Additional BMW X3 and Volvo XC60 Resources

• BMW X3 Insurance Cost
• Volvo XC60 Insurance Cost
• Small Luxury SUV Insurance Cost Comparisons