BMW X3 Insurance Cost – Rates and Comparisons for 2023

Is car insurance expensive on a BMW X3?

We compiled average insurance rates for the sDrive30i trim level up to the more appointed M xDrive model to look at how the X3 sizes up to the entire 2023 small luxury SUV segment.

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  • BMW X3 insurance costs an average of $2,076 per year or around $173 per month, depending on the trim level.
  • Drivers can find the cheapest X3 insurance on the X3 sDrive30i trim level at $1,928 per year, while the X3 M xDrive has the highest rates at $2,270 per year.
  • When insurance rates for all 37 small luxury SUVs are compared, the 2023 BMW X3 ranks at 35th, costing $167 more per year than the average rate for the segment.

How much does BMW X3 car insurance cost?

BMW X3 insurance rates average $2,076 annually for a full coverage policy. Average cost per month ranges from $161 to $189, 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 xDrive 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 $1,554 per year for a 60-year-old driver with a $1,000 policy deductible to the most expensive rate of $4,856 each year for a 20-year-old driver with $250 comprehensive and collision deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 BMW X3 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW X3 trim levels.Data last updated on March 2, 2023
BMW X3 Car Insurance Rates
2023 BMW X3 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,474$290
$500$4,146$346
$250$4,856$405
30$1,000$1,826$152
$500$2,198$183
$250$2,586$216
40$1,000$1,736$145
$500$2,076$173
$250$2,434$203
50$1,000$1,582$132
$500$1,890$158
$250$2,212$184
60$1,000$1,554$130
$500$1,856$155
$250$2,172$181

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 $1,856 up to the average rate for a 20-year-old driver of $4,146 per year, a range of $2,290 per year.

If some lucky teenager gets to drive a new 2023 BMW X3, expect rates to range from $5,882 for a 19-year-old up to $7,362 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 $46,200) costing $1,928 per year and the xDrive30i trim (MSRP of $48,200) costing an average of $1,966.

The $74,400 M xDrive trim is the most expensive to insure, costing an average of $342 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 2023 BMW X3 model trim level.

2023 BMW X3 Insurance Cost by Trim Level
BMW X3 Trim Level Annual Policy Six-Month Policy Per Month
sDrive30i$1,928$964$161
xDrive30i$1,966$983$164
M40i xDrive$2,144$1,072$179
M xDrive$2,270$1,135$189

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 BMW X3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on March 2, 2023
BMW X3 Insurance Cost by 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 $306 more per year than the Lexus NX 350, $278 more than the Mercedes-Benz GLC300, $604 more than the Acura RDX, and $86 more than the Audi Q5.

The BMW X3 ranks 35th out of 37 comparison vehicles in the small luxury SUV class. The X3 costs an estimated $2,076 per year to insure for full coverage and the category median average cost is $1,909 per year, a difference of $167 per year.

When the BMW X3 is compared to all other vehicles, not just luxury SUVs, the cost to insure an X3 is 20.8% more than the national average car insurance rate of $1,685 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 2023 model year. You can also view an expanded table after the chart detailing insurance cost comparisons and rankings for all 37 models in the category.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year BMW X3, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW X3 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on March 2, 2023
Insurance Cost Comparison: BMW X3 vs Top 10 Small Luxury SUVs
BMW X3 Insurance Cost Compared to All Small Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Acura RDX$1,472-$604
2Cadillac XT4$1,592-$484
3Volvo XC40$1,622-$454
4Lexus UX 250h$1,650-$426
5Mercedes-Benz GLA250$1,712-$364
6Mercedes-Benz GLB 250$1,718-$358
7Lexus NX 250$1,740-$336
8Lexus NX 350h$1,760-$316
9Lexus NX 350$1,770-$306
10Lincoln Corsair$1,772-$304
11Lexus NX 450h$1,776-$300
12BMW X1$1,788-$288
13Alfa Romeo Tonale$1,790-$286
14Mercedes-Benz GLC300$1,798-$278
15Lexus RZ 450e$1,802-$274
16Volvo XC60$1,806-$270
17Audi Q3$1,820-$256
18Land Rover Evoque$1,828-$248
19Volvo C40$1,846-$230
20Infiniti QX55$1,908-$168
21Mercedes-Benz GLA35 AMG$1,914-$162
22Genesis GV70$1,944-$132
23Mercedes-Benz EQB 300$1,954-$122
24Genesis GV60$1,958-$118
25Mercedes-Benz GLA45 AMG$1,968-$108
26Alfa Romeo Stelvio$1,978-$98
27Audi Q5$1,990-$86
28Land Rover Range Rover Velar$1,996-$80
29Mercedes-Benz EQB 350$2,000-$76
30BMW X4$2,038-$38
31Land Rover Defender$2,044-$32
32Jaguar F-Pace$2,054-$22
33Audi Q4$2,066-$10
34Porsche Macan$2,070-$6
35BMW X3$2,076--
36Jaguar I-Pace$2,194$118
37Aston Martin DBX$3,424$1,348

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 $57,450, the cost to purchase a 2023 BMW X3 ranges from $46,200 to $74,400, before delivery and documentation fees.

The models most similar in price to the BMW X3 for the 2023 model year are the Volvo XC60, Mercedes-Benz GLA45 AMG, Audi Q5, Lexus NX 450h, and Alfa Romeo Stelvio.

The list below shows how those models compare to a 2023 X3 by sticker price and average full-coverage insurance cost.

  • BMW X3 vs. Volvo XC60 – The MSRP for the Volvo XC60 averages $246 less than the average MSRP for the BMW X3 ($57,204 compared to $57,450). The average insurance cost for the X3 compared to the Volvo XC60 is $270 more annually.
  • BMW X3 vs. Mercedes-Benz GLA45 AMG – Having an average purchase price of $56,900 and ranging from $55,400 to $58,400, the Mercedes-Benz GLA45 AMG costs $550 less than the MSRP for the BMW X3. The cost to insure a BMW X3 compared to the Mercedes-Benz GLA45 AMG is $108 more annually on average.
  • BMW X3 vs. Audi Q5 – New off the lot, the sticker price on the Audi Q5 averages $592 less than the average MSRP for the BMW X3 ($56,858 compared to $57,450). The cost to insure a BMW X3 compared to the Audi Q5 is $86 more each year on average.
  • BMW X3 vs. Lexus NX 450h – The Lexus NX 450h has an average sticker price of $58,330 ($57,705 to $58,955), which is $880 more expensive than the average cost of the BMW X3. Insurance on a BMW X3 costs an average of $300 more annually than the Lexus NX 450h.
  • BMW X3 vs. Alfa Romeo Stelvio – With an average sticker price of $58,460 ($46,575 to $87,875), the 2023 Alfa Romeo Stelvio costs $1,010 more than the average cost of the BMW X3. The cost to insure a BMW X3 compared to the Alfa Romeo Stelvio is $98 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 2023 model could save an average of $726 annually. A 2016 model would save around $540 per year, and a 2018 model would save around $424 per year.

The table below shows the average full coverage insurance policy costs for a BMW X3 for model years 2013 through 2023. Insurance costs range from the least expensive price of $1,350 for a 2013 BMW X3 to the most expensive rate of $2,076 for a 2023 BMW X3.

BMW X3 Insurance Cost for 2013-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 BMW X3$2,076$1,038$173
2022 BMW X3$2,026$1,013$169
2021 BMW X3$1,866$933$156
2020 BMW X3$1,836$918$153
2019 BMW X3$1,686$843$141
2018 BMW X3$1,652$826$138
2017 BMW X3$1,542$771$129
2016 BMW X3$1,536$768$128
2015 BMW X3$1,462$731$122
2014 BMW X3$1,430$715$119
2013 BMW X3$1,350$675$113

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on March 2, 2023
BMW X3 Insurance Cost by Model Year