Full coverage car insurance for a BMW X3 ranges from $1,133 to $6,542 annually, depending on the car's year, driver's age, location and driving history. This article outlines BMW X3 insurance costs, coverage options and the most affordable providers.
BMW X3 Insurance Cost
Updated: March 11, 2025
Key Takeaways
State Farm offers the most affordable minimum coverage across all BMW X3 model years, costing $471 annually.
The average insurance cost for a BMW X3 is $602 per year for minimum coverage and $1,498 for full coverage.
MoneyGeek's in-depth analysis examined data and 4,183 BMW X3 insurance quotes using data from Quadrant Information Services to provide reliable and well-researched insights.
BMW X3 Insurance Rates
What Is the Average BMW X3 Car Insurance Cost?
For a BMW X3, full coverage insurance averages $125 per month or $1,498 per year, based on a 40-year-old male with a clean driving record. Minimum coverage costs around $50 monthly or $602 annually.
| Minimum Coverage | $602 |
| Full Coverage | $1,498 |
BMW X3 Insurance Costs by Company
BMW X3 insurance costs range from $1,175 to $2,308 annually, varying by age, model year and coverage level. The table below compares average BMW X3 insurance rates with averages for all vehicles based on data from several national and mid-sized providers.
| Allstate | $1,768 | $1,810 | -2% |
| Auto-Owners | $1,197 | $1,226 | -2% |
| Farmers | $1,922 | $1,954 | -2% |
| GEICO | $1,271 | $1,332 | -5% |
| Kemper | $2,308 | $2,209 | 4% |
| Nationwide | $1,500 | $1,588 | -6% |
| Progressive | $1,705 | $1,742 | -2% |
| State Farm | $1,242 | $1,268 | -2% |
| Travelers | $1,409 | $1,522 | -7% |
| USAA | $1,175 | $1,199 | -2% |
Read more: Best Car Insurance Companies
Cost of Insuring a BMW X3 by Model Year
Your BMW X3's production year can affect your insurance rates, with older models often being cheaper to insure. For example, full coverage for a 2022 model costs $1,718 annually, while it costs less for a 2009 model at $1,299. Below are the average full and minimum coverage rates for every BMW X3 production year.
| 2022 | $601 | $1,718 |
| 2021 | $603 | $1,691 |
| 2020 | $585 | $1,672 |
| 2019 | $613 | $1,661 |
| 2018 | $616 | $1,642 |
| 2017 | $600 | $1,582 |
| 2016 | $631 | $1,522 |
| 2015 | $638 | $1,462 |
| 2014 | $606 | $1,424 |
| 2013 | $623 | $1,386 |
| 2012 | $614 | $1,348 |
| 2011 | $597 | $1,332 |
| 2010 | $627 | $1,316 |
| 2009 | $632 | $1,299 |
BMW X3 Insurance Costs by Driver Age
BMW X3 auto insurance rates vary greatly depending on the driver's age. For example, a 16-year-old pays about $6,542 annually for full coverage, while a 40-year-old pays around $1,504. Below are the average full and minimum coverage rates for BMW X3 drivers across age ranges.
| 16 | $2,827 | $6,542 |
| 17 | $2,298 | $5,340 |
| 18 | $2,009 | $4,716 |
| 19 | $1,428 | $3,372 |
| 20 | $1,285 | $3,069 |
| 21 | $1,018 | $2,475 |
| 22 | $930 | $2,276 |
| 23 | $864 | $2,125 |
| 24 | $820 | $2,022 |
| 25 | $718 | $1,792 |
| 26 | $701 | $1,750 |
| 27 | $684 | $1,710 |
| 28 | $672 | $1,683 |
| 29 | $662 | $1,659 |
| 30 | $639 | $1,594 |
| 35 | $620 | $1,537 |
| 40 | $613 | $1,504 |
| 45 | $608 | $1,480 |
| 50 | $593 | $1,431 |
| 55 | $577 | $1,389 |
| 60 | $577 | $1,384 |
| 65 | $615 | $1,435 |
| 70 | $668 | $1,535 |
| 75 | $742 | $1,683 |
| 80 | $840 | $1,871 |
| 85 | $909 | $2,007 |
| 90 | $959 | $2,103 |
BMW X3 Insurance Rates Explained
Some factors affect your car insurance rates based on your driver profile. However, insurers also consider factors tied to your car. Below, you'll find a breakdown of the vehicle-related cost factors.
BMW X3 Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296BMW X3
Average Full Coverage Rate
$1,498Premiums for BMW X3 are:$202 more
This is 16% more expensive.
Value
The BMW X3's MSRP of $62,895 classifies it as a luxury SUV, raising insurance costs as insurers often charge more for luxury vehicles.
Repair costs
The annual repair cost for a BMW X3 is $1,034, above the national average. High repair costs, due to expensive parts and labor, can lead to higher insurance premiums.
Performance
The BMW X3's 0-to-60 time of 4.1 seconds and horsepower ranging from 248 to 332 make it a high-performance vehicle. High performance is often linked to risky driving, increasing insurance costs.
Vehicle age
Newer cars like the BMW X3 are typically more expensive to insure than older vehicles. However, collector and classic cars can be exceptions, often costing more to insure.
Safety features
Safety features like stability control, airbags and antilock brakes in the BMW X3 can lower accident risks and qualify for insurance discounts.
Vehicle size
Larger vehicles often have higher insurance costs due to increased property damage risk. With a max curb weight of 4,392 lbs, the BMW X3 may cost more to insure than smaller models.
Trim level
Higher trims of the BMW X3 include premium upgrades, raising the MSRP and increasing insurance costs compared to the base model.
Theft rates
Vehicles at higher risk of theft cost more to insure. The BMW X3 has a theft relative claims frequency of 39, which may raise insurance rates.
Anti-theft features
Vehicles with anti-theft features, like the BMW X3, can qualify for lower premiums, potentially reducing insurance costs.
Cheapest BMW X3 Insurance
State Farm offers the cheapest insurance rate for a BMW X3 at $471 per year for minimum coverage, based on a 40-year-old male driver with a clean record. Below is a breakdown of the cheapest insurance options across coverage levels, age groups, driving records, model years and more.
Cheapest BMW X3 Insurance by Coverage Level
Your choice of coverage level greatly affects your BMW X3 insurance rate. State Farm offers the most affordable premiums for state minimum and full coverage. Below is a breakdown of the cheapest providers for both coverage types.
Cheapest BMW X3 Minimum Coverage
For BMW X3 owners, State Farm offers the cheapest minimum coverage at $39 per month. Other affordable options include GEICO at $44, Travelers at $48 and Nationwide at $52.
| USAA | $34 | $413 |
| State Farm | $39 | $471 |
| GEICO | $44 | $522 |
| Travelers | $48 | $573 |
| Nationwide | $52 | $624 |
| Progressive | $55 | $661 |
| Allstate | $57 | $684 |
| Farmers | $62 | $742 |
*State Farm offers the lowest average minimum coverage insurance rate for non-military-affiliated BMW X3 owners. USAA is the most affordable option for military-affiliated drivers.
Best BMW X3 Insurance Rates by Model Year
The above list doesn't account for your BMW X3's production year, which can impact insurance rates. Older models may have lower costs. Use the table below to find the most affordable minimum coverage rates by production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $687 | $57 |
| Farmers | $755 | $63 |
| GEICO | $541 | $45 |
| Nationwide | $675 | $56 |
| Progressive | $697 | $58 |
| State Farm | $500 | $42 |
| Travelers | $665 | $55 |
| USAA | $419 | $35 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage BMW X3 Insurance
State Farm offers the cheapest full coverage insurance for a BMW X3 at $101 monthly or $1,209 annually. Below is the complete list of BMW X3 full coverage providers and rates.
| USAA | $94 | $1,133 |
| State Farm | $101 | $1,209 |
| GEICO | $105 | $1,259 |
| Travelers | $116 | $1,397 |
| Nationwide | $118 | $1,412 |
| Progressive | $138 | $1,661 |
| Allstate | $142 | $1,702 |
| Farmers | $151 | $1,809 |
*On average, State Farm is the cheapest insurer for non-military-affiliated BMW X3 owners seeking full coverage. For military-affiliated drivers, USAA is the most affordable option.
Cheapest BMW X3 Insurance by Age
Younger drivers aged 16 to 25 and seniors 55 and up often pay more for car insurance. Below is the breakdown of the cheapest BMW X3 insurance options by age.
Cheapest BMW X3 Insurance for Young Drivers
For young drivers aged 16 to 25, State Farm offers the cheapest BMW X3 insurance at $1,033 annually or $86 monthly for minimum coverage. See the complete list of affordable car insurance rates for young drivers below.
| USAA | $72 | $859 |
| State Farm | $86 | $1,033 |
| Travelers | $100 | $1,198 |
| GEICO | $104 | $1,247 |
| Allstate | $129 | $1,542 |
| Nationwide | $136 | $1,633 |
| Progressive | $163 | $1,957 |
| Farmers | $168 | $2,013 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW X3 Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up at $43 monthly or $518 annually. See the full list of affordable BMW X3 insurers below:
| State Farm | $43 | $518 |
| USAA | $46 | $550 |
| GEICO | $52 | $623 |
| Travelers | $57 | $688 |
| Nationwide | $61 | $732 |
| Progressive | $68 | $815 |
| Allstate | $69 | $829 |
| Farmers | $83 | $1,001 |
Cheapest BMW X3 Insurance After an Accident
For BMW X3 drivers, State Farm, Travelers and GEICO offer the cheapest car insurance after an accident. For more options, check out the complete list below.
| State Farm | $49 | $590 |
| USAA | $52 | $629 |
| Travelers | $68 | $816 |
| GEICO | $69 | $825 |
| Allstate | $78 | $935 |
| Nationwide | $79 | $952 |
| Progressive | $90 | $1,081 |
| Farmers | $127 | $1,521 |
BMW X3 Insurance Cost: Bottom Line
Compare rates from different providers to find the most affordable car insurance. This article details BMW X3 insurance costs across demographic groups and highlights the cheapest providers.
BMW X3 Insurance Rates: FAQ
Below are answers to common questions about BMW X3 insurance costs to help you understand what to expect.
What company has the cheapest car insurance for a BMW X3?
State Farm is the cheapest car insurance provider for a BMW X3, with an annual minimum coverage rate of $471.
What is the average cost of car insurance for a BMW X3?
The average annual cost of car insurance for a BMW X3 is $602 for minimum coverage and $1,498 for full coverage.
BMW X3 Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 quotes for a BMW X3 from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a BMW X3:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine BMW X3 insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your BMW X3.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.