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 $2,132 per year or around $178 per month, depending on the trim level.
  • Drivers can find the cheapest X3 insurance on the X3 sDrive30i trim level at $1,982 per year, while the X3 M xDrive has the highest rates at $2,330 per year.
  • When insurance rates for all 37 small luxury SUVs are compared, the 2023 BMW X3 ranks at 35th, costing $172 more per year than the average rate for the segment.

How much does BMW X3 car insurance cost?

BMW X3 insurance rates average $2,132 annually for a full coverage policy. Average cost per month ranges from $165 to $194, 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 $1,596 per year for a 60-year-old driver with a $1,000 policy deductible to the most expensive rate of $4,986 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 August 11, 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$3,566$297
$500$4,256$355
$250$4,986$416
30$1,000$1,870$156
$500$2,254$188
$250$2,652$221
40$1,000$1,782$149
$500$2,132$178
$250$2,500$208
50$1,000$1,626$136
$500$1,942$162
$250$2,272$189
60$1,000$1,596$133
$500$1,904$159
$250$2,230$186

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 $1,904 up to the average rate for a 20-year-old driver of $4,256 per year, a range of $2,352 per year.

If some lucky teenager gets to drive a new 2023 BMW X3, expect rates to range from $6,038 for a 19-year-old up to $7,558 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 $1,982 per year and the xDrive30i trim (MSRP of $48,200) costing an average of $2,018.

The $74,400 M xDrive trim is the most expensive to insure, costing an average of $348 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$1,982$991$165
xDrive30i$2,018$1,009$168
M40i xDrive$2,202$1,101$184
M xDrive$2,330$1,165$194

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 August 11, 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 $314 more per year than the Lexus NX 350, $288 more than the Mercedes-Benz GLC300, $624 more than the Acura RDX, and $90 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 $2,132 per year to insure for full coverage and the category median average cost is $1,960 per year, a difference of $172 per year.

When the BMW X3 is compared to all other vehicles, not just luxury SUVs, the cost to insure an X3 is 20.9% more than the national average car insurance rate of $1,728 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 August 12, 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$1,508-$624
2Cadillac XT4$1,634-$498
3Volvo XC40$1,664-$468
4Lexus UX 250h$1,694-$438
5Mercedes-Benz GLA250$1,756-$376
6Mercedes-Benz GLB 250$1,762-$370
7Lexus NX 250$1,786-$346
8Lexus NX 350h$1,806-$326
9Lexus NX 350$1,818-$314
10Lincoln Corsair$1,820-$312
11Lexus NX 450h$1,826-$306
12BMW X1$1,838-$294
13Alfa Romeo Tonale$1,842-$290
14Mercedes-Benz GLC300$1,844-$288
15Lexus RZ 450e$1,848-$284
16Volvo XC60$1,852-$280
17Audi Q3$1,868-$264
18Land Rover Evoque$1,878-$254
19Volvo C40$1,894-$238
20Infiniti QX55$1,958-$174
21Mercedes-Benz GLA35 AMG$1,964-$168
22Genesis GV70$1,998-$134
23Mercedes-Benz EQB 300$2,008-$124
24Genesis GV60$2,010-$122
25Mercedes-Benz GLA45 AMG$2,020-$112
26Alfa Romeo Stelvio$2,028-$104
27Audi Q5$2,042-$90
28Land Rover Range Rover Velar$2,050-$82
29Mercedes-Benz EQB 350$2,052-$80
30BMW X4$2,092-$40
31Land Rover Defender$2,098-$34
32Jaguar F-Pace$2,106-$26
33Audi Q4$2,120-$12
34Porsche Macan$2,122-$10
35BMW X3$2,132--
36Jaguar I-Pace$2,252$120
37Aston Martin DBX$3,514$1,382

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 $280 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 $112 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 $90 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 $306 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 $104 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 $744 annually. A 2016 model would save around $550 per year, and a 2018 model would save around $436 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 $1,388 for a 2013 BMW X3 to the most expensive rate of $2,132 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$2,132$1,066$178
2022 BMW X3$2,080$1,040$173
2021 BMW X3$1,914$957$160
2020 BMW X3$1,886$943$157
2019 BMW X3$1,728$864$144
2018 BMW X3$1,696$848$141
2017 BMW X3$1,582$791$132
2016 BMW X3$1,582$791$132
2015 BMW X3$1,504$752$125
2014 BMW X3$1,468$734$122
2013 BMW X3$1,388$694$116

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 August 12, 2023
BMW X3 Insurance Cost by Model Year