Is a BMW X3 or Volvo XC60 Cheaper to Insure?

• For a 2024 BMW X3, car insurance costs from $2,562 to $3,022 per year, while insurance for a 2024 Volvo XC60 can range from $2,170 to $2,554.
• 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 $394 per year.

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

Insurance rates for a 2024 BMW X3 average $2,764 per year, while insurance for a 2024 Volvo XC60 averages $2,370 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 $2,562 per year, or $214 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 $2,170 per year, or around $181 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 $2,170 per year. The highest-cost model and trim is the BMW X3 M AWD at an average of $3,022 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 $2,438 to $5,574 per year for a 2024 BMW X3, and $2,096 to $4,714 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 $2,684 per year, whereas insurance for a Volvo XC60 averages $2,336 per year, making the Volvo XC60 the cheaper model to insure by $348 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 $2,492 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 $2,126 per year, or $177 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 $2,126 per year, and the most expensive vehicle to insure is the BMW X3 M xDrive at an average cost of $2,934 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 $2,368 to $5,424 per year for a 2023 BMW X3, and $2,056 to $4,706 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 $2,620 per year, while the Volvo XC60 averages $2,300 per year.

When looking at the range of insurance cost for each model, a 2022 BMW X3 ranges from the lowest rate of $2,434 per year for the sDrive model up to $2,854 for the M xDrive model.

For a 2022 Volvo XC60, rates can range from $2,110 per year for the Momentum model up to $2,482 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 $2,312 to $5,306 per year for a 2022 BMW X3, and $2,030 to $4,658 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 $2,434 per year, or $203 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 $2,110 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 $2,110 per year. The most expensive model and trim level is the BMW X3 M xDrive at an average of $2,854 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 $302 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 $2,138 to $4,918 per year for the chosen age groups in the chart. A full-coverage policy for a 2021 Volvo XC60 ranges from $1,876 to $4,300 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 $2,264 per year, or about $189 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 $2,072 per year, or about $173 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 $2,072 per year. The overall most expensive vehicle to insure is the BMW X3 Executive AWD at an average cost of $2,666 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 $2,346 per year to insure and a Volvo XC60 costs $2,054, making the Volvo XC60 cheaper to insure by $292 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 $2,070 to $4,760 per year. Auto insurance on a 2020 Volvo XC60 costs from $1,820 to $4,166 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 $2,194 per year, or around $183 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 $2,008.

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 $2,008 per year. The overall most expensive vehicle to insure is the BMW X3 Executive AWD costing an average of $2,582 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 $318 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 $1,890 to $4,320 per year on a 2019 BMW X3, and $1,608 to $3,662 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 $2,100 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 $1,746.

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 $1,746 per year. The most expensive model and trim level is the BMW X3 m40i xDrive AWD costing an average of $2,218 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 $2,058 per year to insure while a Volvo XC60 costs $1,746, making the Volvo XC60 cheaper to insure by $312 per year.

The chart below demonstrates the average car insurance cost for both models with different driver age groups. Insurance cost ranges from $1,824 to $4,144 per year on a 2018 BMW X3, and $1,546 to $3,510 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 $2,002 per year, or around $167 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 $1,718 per year, or $143 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 $1,718 per year. The highest-cost model and trim is the BMW X3 m40i AWD costing an average of $2,114 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 $378 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 $1,706 to $3,870 per year for a 2017 BMW X3, and $1,366 to $3,072 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 $1,872 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 $1,516.

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 $1,516 per year, and the most expensive trim is the BMW X3 35i xDrive AWD costing an average of $1,978 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 $494 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 $1,658 to $3,742 per year for the example age groups. Full-coverage car insurance for a 2016 Volvo XC60 ranges from $1,214 to $2,676 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 $1,814 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 $1,310 per year, or $109 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 $1,310 per year. The most expensive model and trim level is the BMW X3 35i xDrive AWD costing $1,910 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 $384 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 $1,576 to $3,554 per year for the age groups included in the chart. Full-coverage car insurance for a 2015 Volvo XC60 ranges from $1,232 to $2,772 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 $1,722 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 $1,320.

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 $1,320 per year. The most expensive model and trim level is the BMW X3 35i xDrive AWD costing an average of $1,812 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