BMW X3 Insurance Cost – Rates and Comparisons for 2023

• 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 35^th, 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.

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.

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 35^th 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.

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.