2023 BMW X3 Car Insurance Calculator

Get instant feedback how seemingly small changes impact the cost of insurance for a 2023 BMW X3. Experiment with options like vehicle usage, gender of the driver, and marital status to see how rates are affected. See instantly if the change you make has positive or negative consequenses.

The average estimated car insurance premium for a 2023 BMW X3 is $2,684 per year, or about $224 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,684

Cost Per Month

$224

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW X3 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 BMW X3.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,684
Average Rate
Your Rate
$2,684

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 BMW X3 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 BMW X3 is $2,684.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 BMW X3 vs. the Small Luxury SUV Segment

The table below compares insurance rates for the 2023 BMW X3 against all other models in the small luxury SUV segment. The BMW X3 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW X3, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW X3.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 BMW X3 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura RDX$1,904-$780
2Cadillac XT4$2,056-$628
3Volvo XC40$2,100-$584
4Lexus UX 250h$2,132-$552
5Mercedes-Benz GLA250$2,212-$472
6Mercedes-Benz GLB 250$2,234-$450
7Lexus NX 250$2,248-$436
8Lexus NX 350h$2,276-$408
9Lexus NX 350$2,290-$394
10Lincoln Corsair$2,292-$392
11Lexus NX 450h$2,302-$382
12BMW X1$2,310-$374
13Alfa Romeo Tonale$2,320-$364
14Mercedes-Benz GLC300$2,324-$360
15Lexus RZ 450e$2,330-$354
16Volvo XC60$2,336-$348
17Audi Q3$2,348-$336
18Land Rover Evoque$2,364-$320
19Volvo C40$2,386-$298
20BMW X2$2,428-$256
21Infiniti QX55$2,462-$222
2023 Small Luxury SUV Average$2,468-$216
22Mercedes-Benz GLA35 AMG$2,472-$212
23Genesis GV70$2,514-$170
24Mercedes-Benz EQB 300$2,526-$158
25Genesis GV60$2,534-$150
26Mercedes-Benz GLA45 AMG$2,542-$142
27Alfa Romeo Stelvio$2,556-$128
28Audi Q5$2,574-$110
29Land Rover Range Rover Velar$2,582-$102
30Mercedes-Benz EQB 350$2,590-$94
31BMW X4$2,632-$52
32Land Rover Defender$2,644-$40
33Jaguar F-Pace$2,656-$28
34Audi Q4$2,668-$16
35Porsche Macan$2,678-$6
36BMW X3$2,684--
37Jaguar I-Pace$2,840$156
38Aston Martin DBX$4,436$1,752

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 X3 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW X3.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 BMW X3 Insurance Rates by Trim Level
2023 BMW X3 Trim Level Annual Premium Cost Per Month
sDrive30i$2,492$208
xDrive30i$2,538$212
M40i xDrive$2,772$231
M xDrive$2,934$245

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW X3 for different driver ages.

2023 BMW X3 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,536$795
17$9,270$773
18$8,362$697
19$7,589$632
20$5,821$485
21$5,555$463
22$4,979$415
23$4,060$338
24$3,847$321
25$3,122$260
30$2,866$239
35$2,754$230
40$2,684$224
45$2,504$209
50$2,368$197
55$2,212$184
60$2,218$185
65$2,368$197
70$2,550$213
75$2,990$249
80$3,688$307

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW X3 trim levels.