Compare the Cost of BMW X3 Insurance by Model Year and Company

MoneyGeek found that the average cost to insure a BMW X3 is $1,274 per year. Insuring a BMW X3 is less expensive than the average insurance rates for other models. However, these rates can vary depending on the insurance company and the model year of your BMW X3.

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Last Updated: 10/31/2022
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It pays to shop around if you’re looking for BMW X3 insurance since different insurers can have different rates for the same car. Comparing quotes from various insurers will help you identify the cheapest options. Rates can also change based on the model year of your BMW X3, so you should also compare BMW X3 insurance costs by year.

Key Takeaways for BMW X3 Insurance

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Insuring a BMW X3 is inexpensive and on average costs $153 less than the average annual car insurance rate.

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BMW X3 car insurance rates can vary by up to $512 per year depending on the insurance company.

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The cost of insurance for your BMW X3 can differ by as much as $469 yearly depending on the model year of your car. Older cars typically attract lower premiums.

How Much It Costs to Insure a BMW X3 and the Cheapest Company

The insurer that you choose can have a significant impact on your BMW X3 insurance rates. The average insurance rate for a BMW X3 is $1,274 per year.

GEICO offers the cheapest insurance rates at an average of $1,073 per year, while Allied is the most expensive at an average of $512 more per year.

The Average Annual Cost of BMW X3 Insurance by Company

MoneyGeek collected BMW X3 quotes from different insurers based on the profile of a 40-year-old driver who has 100/300/100 liability insurance with comprehensive and collision insurance.

The Average Cost to Insure a BMW X3 by Company

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Insurance Rates

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Is a BMW X3 Expensive to Insure?

There are various factors that insurers use to determine the cost of insuring a particular vehicle model. These factors include the value of the car, theft rate, horsepower and other model-specific factors.

Insuring a BMW X3 is inexpensive because this car is classified as a low-value model. Low-value models typically cost less to repair, which means that the risk to the insurer is also low. A BMW X3 car also has low horsepower. A less powerful car is less likely to get into major accidents and tends to be less expensive to insure.

The Best Car Insurance Company for a BMW X3

Cost should not be the only factor you evaluate when buying insurance for your BMW X3. You need to consider other details about the company you’re considering. MoneyGeek’s rating system evaluated the best auto insurers based on affordability, customer satisfaction and financial stability.

  • USAA is the best company overall but is only for military members and their families.
  • GEICO is the second-best insurance company for BMW X3 and is available to all drivers.

1
USAA
Score:96

4.8/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:90

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:86

4.7/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:81

4.1/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Nationwide
Score:79

3.9/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

6
Allstate
Score:71

3.2/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

7
Allied
Score:NaN

3/5

Affordability

#N/A

Claims Ratings

#N/A

User Satisfaction

#N/A

Financial Stability

How Much It Costs to Insure a BMW X3 by Model Year

Older BMW X3 models are cheaper to insure because as a car’s value depreciates, comprehensive and collision insurance becomes less expensive as well.

It costs an average of $1,035 per year to insure a 2005 BMW X3, while a 2020 BMW X3 costs an average of $1,504 annually. That is an annual difference of up to $469. Different insurers may offer cheaper options depending on your BMW X3 model year.

The average BMW X3 insurance rates by year are:

  • 2005 BMW 7 Series: $1,035 per year
  • 2010 BMW 7 Series: $1,172 per year
  • 2016 BMW 7 Series: $1,384 per year
  • 2017 BMW 7 Series: $1,422 per year
  • 2018 BMW 7 Series: $1,448 per year
  • 2019 BMW 7 Series: $1,489 per year
  • 2020 BMW 7 Series: $1,504 per year

For the 2020 BMW X3 model, Progressive is the cheapest insurer at an average of $1,237 per year.

You can select your BMW X3 year in the table below to see how average rates from different insurers compare.

The Average Cost to Insure a BMW X3 by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,246
    $1,242
    $1,230
    $1,223
    $1,212
    $929
    $903
  • 2.
    $1,348
    $1,331
    $1,286
    $1,257
    $1,214
    $1,054
    $886
  • 3.
    $1,237
    $1,231
    $1,214
    $1,204
    $1,188
    $1,181
    $980
  • 4.
    $1,556
    $1,540
    $1,498
    $1,471
    $1,431
    $1,244
    $999
  • 5.
    $1,513
    $1,504
    $1,478
    $1,461
    $1,437
    $1,265
    $1,165

How Expensive Is It to Insure a BMW X3 Compared to Other Cars?

It is relatively inexpensive to insure a BMW X3 compared to the average car. It costs an average of $1,274 a year to insure a BMW X3, which is $153 cheaper than the average car as per MoneyGeek’s data.

How Much It Costs to Insure a BMW X3 for 16- to 25-Year-Olds

Because of their limited driving experience, younger drivers might pay significantly more for BMW X3 car insurance. An 18-year-old could pay roughly $4,157 per year to insure a BMW X3, while a 40-year-old could pay $2,883 less per year for the same car.

Teens and their parents can often save money by being on the same policy since letting a teen buy a policy for themselves can get very expensive.

You can find the cost of car insurance for young drivers aged 16 to 25 below.

The Average Cost to Insure a BMW X3 by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,329
  • 17
    $4,721
  • 18
    $4,157
  • 19
    $2,977
  • 20
    $2,657
  • 21
    $2,104
  • 22
    $1,938
  • 23
    $1,773
  • 24
    $1,664
  • 25
    $1,510
  • 40
    $1,274

How Does Location Affect the Cost of BMW X3 Insurance?

The costs listed are based on a national average. However, your location can have a big impact on car insurance costs. Use our state page analysis to learn more about car insurance rates in individual states.

FAQs About BMW X3 Insurance

The model of your car has a significant influence on the cost of your car insurance, but it’s not the only factor that insurers consider. Here are answers to some frequently asked questions about BMW X3 insurance to help you learn more.

Read More About Car Insurance

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.