BMW X3 Insurance Rates [Coverage Guide]

BMW X3 insurance costs $130/mo or $1,562/yr, which is around $43 more per year than other cars. BMW X3 auto insurance rates for teen drivers cost more, around $475 per month, while good drivers can save as much as $53/mo on BMW X3 auto insurance. To see how much you can save, enter your ZIP code below to compare BMW X3 auto insurance quotes for free.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 30, 2020

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Key takeaways:

  • Full coverage costs around $1,562 a year or $130 each month
  • A liability-only policy costs around $627 a year or $52 each month
  • Highest rates are for teenage drivers at around $5,709 a year or $476 each month
  • Good drivers can save as much as $644 a year by earning policy discounts
  • BMW X3 insurance costs around $43 more per year than the average vehicle

BMW X3 insurance rates are slightly above average, costing about $1,562 a year of $130 a month. But good drivers can earn discounts up to $644 every year just for being safe and courteous drivers. If you have a teen on your policy, expect your rates to increase steeply, as they’re considered high-risk drivers. We’ll be looking more in-depth at BMW X3 insurance rates, crash test ratings, safety features, and more.

You can start comparing quotes for BMW X3 car insurance rates from some of the best car insurance companies by using our free online tool now.

BMW X3 Insurance Cost

The average BMW X3 car insurance rates are $1,562 a year or $130 a month.

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Are BMW X3s Expensive to Insure?

The chart below details how BMW X3 insurance rates compare to other SUVs like the Honda Passport, Chevrolet Tahoe, and Dodge Journey.

Vehicle Comprehensive Collision Liability Total
BMW X3 $376 $656 $372 $1,562
Honda Passport $362 $656 $316 $1,470
Chevrolet Tahoe $336 $532 $372 $1,398
Dodge Journey $322 $532 $372 $1,384
Toyota Highlander $332 $512 $390 $1,392
Mercedes-Benz GLS 450 $458 $894 $398 $1,908
Cadillac Escalade ESV $464 $720 $390 $1,732
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However, there are a few things you can do to find the cheapest BMW insurance rates online.

What Impacts the Cost of BMW X3 Insurance?

The BMW X3 trim and model you choose can impact the total price you will pay for BMW X3 insurance coverage.

Age of the Vehicle

Older BMW X3 models generally cost less to insure. For example, car insurance for a 2020 BMW X3 costs $1,562, while 2010 BMW X3 insurance costs are $1,246, a difference of $316.

Model Year Comprehensive Collision Liability Total
2020 BMW X3 $376 $656 $372 $1,562
2019 BMW X3 $358 $630 $390 $1,536
2018 BMW X3 $344 $626 $398 $1,526
2017 BMW X3 $332 $610 $416 $1,516
2016 BMW X3 $320 $586 $430 $1,494
2015 BMW X3 $304 $564 $442 $1,468
2014 BMW X3 $292 $524 $452 $1,426
2013 BMW X3 $280 $494 $456 $1,388
2012 BMW X3 $268 $442 $460 $1,328
2011 BMW X3 $250 $408 $460 $1,276
2010 BMW X3 $242 $382 $464 $1,246
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Driver Age

Driver age can have a significant effect on the cost of BMW X3 car insurance. For example, a 20-year-old driver could pay around $159 more each month for their BMW X3 car insurance than 30-year-old driver.

Driver Location

Where you live can have a large impact on BMW X3 insurance rates. For example, drivers in New York may pay $953 a year more than drivers in Seattle.

Your Driving Record

Your driving record can have an impact on the cost of BMW X3 car insurance. Teens and drivers in their 20’s see the highest jump in their BMW X3 car insurance with violations on their driving record.

BMW X3 Safety Ratings

Your BMW X3 car insurance rates are tied to the safety ratings of the BMW X3. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Good
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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BMW X3 Crash Test Ratings

BMW X3 crash test ratings can impact your BMW X3 car insurance rates. See BMW X3 crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 BMW X3 SUV RWD 5 stars 5 stars 5 stars 4 stars
2020 BMW X3 SUV AWD 5 stars 5 stars 5 stars 4 stars
2020 BMW X3 M SUV AWD N/R N/R N/R N/R
2020 BMW X3 30e xDrive SUV AWD N/R N/R N/R N/R
2019 BMW X3 SUV RWD 5 stars 5 stars 5 stars 4 stars
2019 BMW X3 SUV AWD 5 stars 5 stars 5 stars 4 stars
2017 BMW X3 SUV RWD 5 stars 5 stars 5 stars 4 stars
2017 BMW X3 SUV AWD 5 stars 5 stars 5 stars 4 stars
2016 BMW X3 SUV RWD 5 stars 5 stars 5 stars 4 stars
2016 BMW X3 SUV AWD 5 stars 5 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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BMW X3 Safety Features

The more safety features you have on your BMW X3, the more likely it is that you can earn a discount. The BMW X3’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Integrated Turn Signal Mirrors
  • Traction Control
  • Blind Spot Monitor
  • Auto-Leveling Headlights
  • Lane Departure Warning
  • Lane Keeping Assist
  • Cross-Traffic Alert

BMW X3 Insurance Loss Probability

The lower percentage means lower BMW X3 car insurance rates; higher percentages mean higher BMW X3 auto insurance rates. Insurance loss probability on the BMW X3 fluctuates between each type of coverage.

Insurance Coverage Category Loss Rate
Collision 22%
Property Damage no data
Comprehensive -1%
Personal Injury no data
Medical Payment no data
Bodily Injury no data
Source: Insurance Institute for Highway Safety
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BMW X3 Finance and Insurance Cost

If you are financing a BMW X3, you will pay more if you purchase BMW X3 car insurance at the dealership, so be sure to shop around and compare BMW X3 car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on BMW X3 Insurance

There are many ways that you can save on BMW X3 car insurance. Below are five actions you can take to find cheap BMW X3 auto insurance rates.

  • Tell Your Insurer About Different Drivers or Uses for Your BMW X3
  • Ask About Mature Driver Discounts for Drivers Over 50
  • Ask About BMW X3 Discounts If You Were Listed on Someone Else’s Policy
  • Ask About Retiree Discounts
  • Check for Organization-Based Discounts, like Alumni or Employer Discounts

Top BMW X3 Insurance Companies

Who is the top car insurance company for BMW X3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW X3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the BMW X3 offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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