BMW X3 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 6, 2023

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If you are here, you are probably wondering what the average insurance cost for a BMW X3 is or if BMWs are worth buying. BMW insurance rates can be expensive, but our guide will prepare you for average costs and show you how to find affordable BMW X3 insurance quotes.

Our guide goes over average rates, repair costs, crash ratings, and more, so you will have a good idea of ownership costs and how to secure cheap car insurance rates.

Before you buy BMW X3 auto insurance make sure you shop around.

If you want to jump right into finding the average car insurance cost for a BMW X3, enter your five-digit ZIP code into our FREE online tool above.

The average auto insurance rates for a BMW X3 are $1,494 annually including full coverage. Comprehensive costs an estimated $320, collision costs $586, and liability costs around $430. Liability-only coverage costs as low as $486 a year, with high-risk coverage costing around $3,236. Teen drivers cost the most to insure at $5,550 a year or more.

Average premium for full coverage: $1,494

Policy rates broken down by type of insurance:

Comprehensive $320
Collision $586
Liability $430

Full coverage includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for different X3 trim levels.

Price Range Variability

For the average driver, BMW X3 insurance rates go from as cheap as $486 for basic liability insurance to a much higher rate of $3,236 for a driver who requires high-risk insurance.

Liability Only $486
Full Coverage $1,494
High Risk $3,236

Urban vs. Rural Price Range

Where you live can make a big difference on the price of auto insurance. More rural locations are shown to have fewer comprehensive and collision claims than larger metro areas.

The price range example below illustrates how location impacts insurance prices.

Rural Areas $1,121
Small Cities $1,569
Large Cities $2,017

The examples above highlight why anyone shopping for car insurance should compare prices for a targeted area and their own personal driving habits, instead of making a decision based on price averages.

Use the form below to get customized rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Rate Comparisons

The chart below breaks down estimated BMW X3 insurance rates for other coverage scenarios.

  • The lowest rate with discounts is $853
  • Using higher $1,000 deductibles will save approximately $206 every year
  • The estimated rate for a good driver age 40 who has $500 deductibles is $1,494
  • Choosing more expensive low deductibles for physical damage coverage will cost $1,894
  • High-risk insureds with multiple violations and an at-fault accident could pay up to $3,236 or more
  • Policy cost with full coverage for a 16-year-old driver with full coverage can cost as much as $5,550 or more

View Chart as Image

BMW X3 insurance cost comparison chart
Column chart showing full coverage BMW X3 insurance rates range from $853 to $5,550

Insurance rates for a BMW X3 also range considerably based on the model year and trim level, your driving characteristics, and liability limits and deductibles.

An older driver with no violations or accidents and high physical damage deductibles may pay as low as $1,400 a year, or $117 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay at least $5,500 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying $1,800 to $2,400 additional every year, depending on your age. High-risk driver insurance can be from 43% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $610 annually, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $387 more each year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on BMW X3 insurance prices. A driver around age 40 might see rates as low as $1,150 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,130 on average in Louisiana, New York, and Michigan.

BMW X3 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,350 -$144 -9.6%
Alaska $1,146 -$348 -23.3%
Arizona $1,240 -$254 -17.0%
Arkansas $1,494 -$0 0.0%
California $1,702 $208 13.9%
Colorado $1,426 -$68 -4.6%
Connecticut $1,538 $44 2.9%
Delaware $1,692 $198 13.3%
Florida $1,870 $376 25.2%
Georgia $1,378 -$116 -7.8%
Hawaii $1,072 -$422 -28.2%
Idaho $1,010 -$484 -32.4%
Illinois $1,114 -$380 -25.4%
Indiana $1,126 -$368 -24.6%
Iowa $1,008 -$486 -32.5%
Kansas $1,420 -$74 -5.0%
Kentucky $2,038 $544 36.4%
Louisiana $2,212 $718 48.1%
Maine $920 -$574 -38.4%
Maryland $1,230 -$264 -17.7%
Massachusetts $1,196 -$298 -19.9%
Michigan $2,596 $1,102 73.8%
Minnesota $1,250 -$244 -16.3%
Mississippi $1,788 $294 19.7%
Missouri $1,326 -$168 -11.2%
Montana $1,604 $110 7.4%
Nebraska $1,176 -$318 -21.3%
Nevada $1,790 $296 19.8%
New Hampshire $1,078 -$416 -27.8%
New Jersey $1,670 $176 11.8%
New Mexico $1,322 -$172 -11.5%
New York $1,574 $80 5.4%
North Carolina $860 -$634 -42.4%
North Dakota $1,222 -$272 -18.2%
Ohio $1,032 -$462 -30.9%
Oklahoma $1,534 $40 2.7%
Oregon $1,368 -$126 -8.4%
Pennsylvania $1,426 -$68 -4.6%
Rhode Island $1,992 $498 33.3%
South Carolina $1,352 -$142 -9.5%
South Dakota $1,260 -$234 -15.7%
Tennessee $1,308 -$186 -12.4%
Texas $1,800 $306 20.5%
Utah $1,106 -$388 -26.0%
Vermont $1,024 -$470 -31.5%
Virginia $894 -$600 -40.2%
Washington $1,156 -$338 -22.6%
West Virginia $1,368 -$126 -8.4%
Wisconsin $1,034 -$460 -30.8%
Wyoming $1,330 -$164 -11.0%

View Chart as Image

BMW X3 insurance rates by U.S. city

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to compare rates from multiple companies. Each insurance company uses a different rate calculation, and rates will be varied between companies.

BMW X3 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2019 BMW X3 $320 $586 $430 $1,494
2018 BMW X3 $304 $564 $442 $1,468
2013 BMW X3 $242 $382 $464 $1,246
2008 BMW X3 $186 $250 $474 $1,068
2006 BMW X3 $178 $218 $460 $1,014
2005 BMW X3 $176 $208 $452 $994
2004 BMW X3 $160 $198 $446 $962

Rates are averaged for all BMW X3 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Buy More Affordable BMW X3 Insurance

Finding cheaper rates on insurance for a BMW X3 requires being a good driver, having good credit, paying for small claims out-of-pocket, and maximizing policy discounts. Spend time shopping around at every other renewal by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The following list is a summary of the concepts that were touched on above.

  • Drivers considered higher risk who have multiple accidents or major violations could be forced to pay on average $1,740 more annually than a safer driver
  • Drivers age 16 to 20 are expensive to insure, with premiums being up to $463 each month if they have full coverage
  • You may be able to save approximately $180 per year simply by shopping early and online
  • Increasing comprehensive and collision deductibles could save up to $600 each year
  • You may be able to save approximately $180 per year simply by shopping early and online

By getting multiple insurance quotes from BMW X3 car insurance companies, you can save almost $200 a year. However, poor driving records can raise your rates substantially.

Whether you are looking for 2005 or 2020 BMW X3 insurance rates, or maybe BMW X3 car insurance rates for an 18-year old, this guide can help.

To find out what else determines the price of car insurance, keep reading. The more you know, the more likely you are to find cheap BMW X3 car insurance rates.

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How does the size and class of the BMW X3 affect liability rates?

What does liability insurance cover? Liability insurance is valuable coverage, as it protects you from being sued and criminal charges if you cause an accident. How? Liability insurance pays for the other driver’s medical bills and property damage bills. Since liability insurance is required in most states, not having it is breaking the law.

However, liability insurance can be expensive, depending on how risky your car is to insure. Typically, the riskiest cars to insure with liability insurance are cars prone to crashing or larger, heavier vehicles.

The BMW X3 is a midsize luxury SUV, though, so it probably won’t be plowing through other vehicles in a crash. In fact, according to the Insurance Institute for Highway Safety, the BMW X3 has better property damage liability losses than most midsize SUVs.

The property damage liability losses equal -37 percent, which is substantially better than average for a mid-size, luxury SUV. This is great news. It means you shouldn’t have a higher than average rate on your liability insurance for your BMW X3.

What does liability insurance cost for the BMW X3?

How much does insurance cost for a BMW? While your liability insurance likely won’t be expensive, we do want to give you an approximation of rates. To do this, we got sample rates from a Geico quote. Our quote is based on a 40-year-old male driver who lives in Pennsylvania, owns his 2020 BMW X3, has a clean driving record, and drives an average of 13,000 miles a year.

The first set of rates you are looking at is coverage level prices for bodily injury liability insurance.

  • Low ($15,000/$30,000): $44.19
  • Medium ($100,000/$200,000): $90.58
  • High ($500,000/$500,000): $145.82

It will cost you roughly $101 to upgrade from low to high coverage. This may seem high, but these prices are for a six-month policy. Your monthly rate increase will, therefore, only be $17 a month.

The monthly rate increases for property damage liability insurance are lower. As the rates below show, you can increase your low coverage to high for only $10 a month.

  • Low ($5,000): $452.83
  • Medium ($20,000): $486.20
  • High ($100,000): $510.58

These prices aren’t bad, but you may be able to save more by shopping around at insurers for the average insurance cost for a BMW X3.

What are the safety features and ratings of the BMW X3?

The 2020 BMW X3 has some great safety features. If insurers offer vehicle safety discounts, you could certainly gain at least a small discount with the features included in the standard model. According to AutoBlog’s review, the following safety features are in the 2020 BMW X3.

  • Features that prevent crashes: anti-lock brakes and stability control.
  • Features that protect in crashes: front-impact airbags, side-impact airbags, overhead airbags, knee airbags, and seatbelt pretensioners.
  • Features that prevent theft: vehicle intrusion alarm and ignition disable device.

The BMW X3 has all the airbags possible, which is great. It means that you are less likely to be injured. The 2019 BMW X3 also has a great crash test rating from the IIHS. It won the IIHS’s 2019 Top Safety Pick award (only for X3 models with optional front crash prevention and specific headlights).

The ratings below show the breakdown of the crash tests on the 2019 BMW X3.

  • 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

Since good is the highest rating possible, the 2019 BMW X3 did great in all the various crash tests. The video below shows an example of one of the crash tests.

To see the BMW X3 crash test ratings from the National Highway Traffic Safety Administration, check out the table below.

BMW X3 Crash Test Ratings
Vehicle TestedOverallFrontalSideRollover
2020 BMW X3 SUV RWD5 stars5 stars5 stars4 stars
2020 BMW X3 SUV AWD5 stars5 stars5 stars4 stars
2020 BMW X3 30e xDrive SUV AWDN/RN/RN/RN/R
2019 BMW X3 SUV RWD5 stars5 stars5 stars4 stars
2019 BMW X3 SUV AWD5 stars5 stars5 stars4 stars
2017 BMW X3 SUV RWD5 stars5 stars5 stars4 stars
2017 BMW X3 SUV AWD5 stars5 stars5 stars4 stars
2016 BMW X3 SUV RWD5 stars5 stars5 stars4 stars
2016 BMW X3 SUV AWD5 stars5 stars5 stars4 stars

A 5-star rating is the highest possible score given by the National Highway Traffic Safety Administration. Overall, the various BMW X3 models performed well.

Another factor insurers may look at is crash fatalities for SUVS in comparison to pickups and cars. The IIHS’s 2018 data showed that driver deaths per million vehicles were as follows:

  • SUVs: 23 fatalities
  • Pickups: 34 fatalities
  • Cars: 48 fatalities

SUVs have the lowest driver fatality numbers out of the three types of vehicles. The next set of fatalities is for all occupant deaths per million vehicles.

  • SUVs: 32 fatalities
  • Pickups: 42 fatalities
  • Cars: 69 fatalities

Why do SUVs consistently have lower fatality numbers? Generally, SUVs do better in crashes than cars and pickups, as they are usually larger and heavier. The next set of fatalities shows total SUV fatality numbers for 2018 by crash type.

  • Frontal Impact: 2,784 fatalities
  • Side Impact: 930 fatalities
  • Rear Impact: 286 fatalities
  • Other (mostly rollovers): 1,035 fatalities

The SUVs’ total fatalities (5,035) are fewer than car fatalities (13,138) but slightly more than pickup fatalities (4,369). Overall, the BMW X3’s great safety ratings, features, and SUV fatalities mean you should have lower rates on your car insurance.

What is the MSRP of the BMW X3?

Insurers usually use the manufacturer suggested retail price to calculate rates for collision and comprehensive coverages. Why? MSRP gives insurers an idea of how much repairs and replacement will cost after an accident. Since collision and comprehensive coverage pay for repairs for your vehicle, regardless of who caused the accident, it makes sense that these are the two coverages whose prices will be the most affected.

So what is the MSRP of the BMW X3? According to Kelley Blue Book (KBB), the prices of the 2020 BMW X3 are as follows:

  • MSRP: $42,945
  • Invoice Price: $40,510
  • Fair Purchase Price: $39,543
  • Fair Market Range: $37,811 to $41,274

The MSRP is a fixed price, but the other prices are constantly changing. The invoice price is the price sellers mark a car as, while the fair purchase price is the price most people are paying. Generally, the invoice price and fair purchase price are below the MSRP.

You may wonder if it is worth getting a used BMW to save some money, but insurance rates aren’t necessarily cheaper for an older vehicle. If the insurance loss history (claims paid) on your vehicle type is good, insurers will take this into consideration.

Unfortunately, the IIHS’s insurance losses by make and model for the BMW X3 aren’t great.

  • Collision Insurance Losses: 25 percent (worse than average)
  • Comprehensive Insurance Losses: 42 percent (substantially worse than average)

See more details about the BMW X3 insurance loss probability in the table below.

BMW X3 Insurance Loss Probability
Insurance Coverage CategoryLoss Rate
Property Damage-37%
Personal Injury-36%
Medical Paymentno data
Bodily Injuryno data

The higher loss numbers mean you may have a slightly higher rate than other SUV owners. However, the BMW X3 also received better than average insurance loss ratios for property damage and personal injury.

The good news is that because the BMW X3 has great crash ratings, this will help cancel out the poor insurance losses and keep your rates at a reasonable level.

How much will it cost to repair my BMW X3?

Are BMW X3 expensive to run? How much is an oil change for a BMW X3? Repair costs for your BMW X3 will affect your average car insurance rates, so it is important to know what the average maintenance costs are for the BMW X3. The bad news is that RepairPal’s reliability rating for the BMW X3 was poor.

Its reliability rating is only 2.5 out of five, which means average maintenance costs are high. The average annual repair cost is $1,034 for the BMW X3, which includes maintenance like oil changes. This is higher than the average for luxury compact SUVs, which is $859.

The good news is that repair costs for dings and dents on your BMW X3 are normal. We got sample estimates for level two damage to a 2020 BMW X3 from InstantEstimator’s free tool.

  • Front bumper: $413
  • Rear bumper: $423
  • Hood: $387
  • Roof: $471
  • Front door: $391
  • Back door: $379
  • Fender: $351
  • Quarter panel: $363

The cost to repair the roof on a BMW X3 is higher than usual but not extremely high. These repair estimates are normal, but you can get lower rates by getting quotes from different repair shops.

Hopefully, our guide has also given you an idea of how much insurance costs for a BMW X3 and how to save on car insurance.

If you want to start finding average insurance costs for a BMW X3 today, just enter your ZIP code into our FREE online rate tool to get started.

Rates by Driver Age

BMW X3 Insurance Rates by Driver Age
Driver Age Premium
16 $5,550
20 $3,450
30 $1,558
40 $1,494
50 $1,364
60 $1,336

Full coverage, $500 deductibles

Rates by Deductible

BMW X3 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,894
$250 $1,708
$500 $1,494
$1,000 $1,288

Full coverage, driver age 40

Rates by Liability Limit

BMW X3 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,494
50/100 $1,580
100/300 $1,688
250/500 $1,967
100 CSL $1,623
300 CSL $1,860
500 CSL $2,032

Full coverage, driver age 40

Rates for High Risk Drivers

BMW X3 Insurance Rates for High Risk Drivers
Age Premium
16 $7,930
20 $5,494
30 $3,310
40 $3,236
50 $3,090
60 $3,062

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $210

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $80
Multi-vehicle $79
Homeowner $22
5-yr Accident Free $112
5-yr Claim Free $97
Paid in Full/EFT $69
Advance Quote $75
Online Quote $107
Total Discounts $641
Rate after discounts $853

Discounts are estimated and may not be available from every company or in every state.

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