Cheaper BMW X3 Insurance in 2025: Insights Into Savings

• BMW X3 insurance costs an average of $2,830 per year or around $236 per month, depending on the trim level.
• Drivers can find the cheapest X3 insurance on the X3 sDrive30i trim level at $2,624 per year, while the X3 M AWD has the highest rates at $3,094 per year.
• When insurance rates for all 38 small luxury SUVs are compared, the 2024 BMW X3 ranks at 32^nd, costing $227 more per year than the average rate for the segment.

How much does BMW X3 car insurance cost?

BMW X3 insurance rates average $2,830 annually for a full coverage policy. Average cost per month ranges from $219 to $258, depending on the trim level being insured.

On the cheaper end, the BMW X3 sDrive30i costs the least to insure of all trim levels, while the M AWD has the highest cost to insure of all X3 models.

The following chart shows how average BMW X3 car insurance rates fluctuate with changes in driver age and different policy deductibles.

Insurance prices range from the cheapest rate of $1,958 per year for a 60-year-old driver with a $1,000 policy deductible to the most expensive rate of $6,700 each year for a 20-year-old driver with $250 comprehensive and collision deductibles.

As with all auto insurance policies, the higher the deductibles, the lower the policy costs. In the chart above, X3 insurance rates range from an average rate for a 60-year-old driver of $2,340 up to the average rate for a 20-year-old driver of $5,714 per year, a range of $3,374 per year.

If some lucky teenager gets to drive a new 2024 BMW X3, expect rates to range from $7,990 for a 19-year-old up to $10,024 for a 16-year-old male driver (they pay the highest rates).

What is the cheapest BMW X3 insurance?

The cheapest X3 insurance can be found on the base sDrive30i trim (MSRP of $46,900) costing $2,624 per year and the xDrive30i trim (MSRP of $48,900) costing an average of $2,676.

The $75,500 M AWD trim is the most expensive to insure, costing an average of $470 more per year than the cheapest sDrive30i model.

The next table displays average car insurance rates for annual, 6-month, and monthly terms for each 2024 BMW X3 model trim level.

How does BMW X3 insurance compare?

When rates are compared to the most popular models in the small luxury SUV category, insurance for a BMW X3 costs $424 more per year than the Lexus NX 350, $258 more than the Mercedes-Benz GLC300, $824 more than the Acura RDX, and $160 more than the Audi Q5.

The BMW X3 ranks 32^nd out of 38 comparison vehicles in the small luxury SUV class. The X3 costs an estimated $2,830 per year to insure for full coverage and the category median average cost is $2,603 per year, a difference of $227 per year.

When the BMW X3 is compared to all other vehicles, not just luxury SUVs, the cost to insure an X3 is 21.7% more than the national average car insurance rate of $2,276 per year.

The chart below shows how BMW X3 car insurance rates compare to the rest of the top 10 small luxury SUVs for the 2024 model year. You can also view an expanded table after the chart detailing insurance cost comparisons and rankings for all 38 models in the category.

Another useful metric is to see how the average cost to insure a BMW X3 compares to compact luxury SUV models that have the most similar sticker prices.

With an average MSRP of $58,300, the cost to purchase a 2024 BMW X3 ranges from $46,900 to $75,500, before delivery and documentation fees.

The models most similar in price to the BMW X3 for the 2024 model year are the Audi Q4, Volvo C40, Genesis GV70, Mercedes-Benz EQB 350, and Alfa Romeo Stelvio.

The list below shows how those models compare to a 2024 X3 by sticker price and average full-coverage insurance cost.

• BMW X3 vs. Audi Q4 – The MSRP for the Audi Q4 averages $188 more than the average MSRP for the BMW X3 ($58,488 compared to $58,300). The average insurance cost for the X3 compared to the Audi Q4 is $30 more annually.
• BMW X3 vs. Volvo C40 – Having an average purchase price of $58,512 and ranging from $56,395 to $61,195, the Volvo C40 costs $212 more than the MSRP for the BMW X3. The cost to insure a BMW X3 compared to the Volvo C40 is $328 more annually on average.
• BMW X3 vs. Genesis GV70 – New off the lot, the sticker price on the Genesis GV70 averages $866 less than the average MSRP for the BMW X3 ($57,434 compared to $58,300). The cost to insure a BMW X3 compared to the Genesis GV70 is $188 more each year on average.
• BMW X3 vs. Mercedes-Benz EQB 350 – The Mercedes-Benz EQB 350 has an average sticker price of $59,233 ($58,050 to $60,350), which is $933 more expensive than the average cost of the BMW X3. Insurance on a BMW X3 costs an average of $216 more annually than the Mercedes-Benz EQB 350.
• BMW X3 vs. Alfa Romeo Stelvio – With an average sticker price of $56,968 ($45,375 to $87,275), the 2024 Alfa Romeo Stelvio costs $1,332 less than the average cost of the BMW X3. The cost to insure a BMW X3 compared to the Alfa Romeo Stelvio is $136 more each year on average.

For additional comparisons for other makes and models, please see our cost comparisons index page.

How much is insurance on a used BMW X3?

Choosing to insure a 2013 BMW X3 in place of a new 2024 model could save an average of $1,154 annually. A 2016 model would save around $942 per year, and a 2018 model would save around $722 per year.

The table below shows the average full coverage insurance policy costs for a BMW X3 for model years 2013 through 2024. Insurance costs range from the least expensive price of $1,676 for a 2013 BMW X3 to the most expensive rate of $2,830 for a 2024 BMW X3.