BMW X3 Insurance Rates
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UPDATED: Apr 30, 2020
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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.
Average insurance rates for a BMW X3 are $1,516 a year for full coverage. Comprehensive costs on average $332 a year, collision costs $610, and liability insurance costs $416. A liability-only policy costs as little as $474 a year, with high-risk insurance costing around $3,290. Teen drivers receive the highest rates at $5,606 a year or more.
Average premium for full coverage: $1,516
Rate estimates by individual coverage type:
Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and X3 trim levels.
Price Range by Coverage and Risk
For a middle-aged driver, prices range go from as low as $474 for only liability insurance to a high of $3,290 for a high risk driver.
Price Range by Location
Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.
The diagram below illustrates the effect of location on car insurance rates.
These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying 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.
Insurance Rate Analysis
The chart below shows estimated BMW X3 insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $865
- Drivers who choose higher $1,000 deductibles will pay around $1,302 a year
- The average rate for a 40-year-old driver with $500 deductibles is $1,516
- Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,934
- High risk drivers with multiple violations and an at-fault accident could pay upwards of $3,290 or more
- The cost for full coverage for a teen driver may cost $5,606 a year
for a BMW X3 can also vary considerably based on your driver profile, the trim level of your X3, and policy deductibles and limits.
Older drivers and high deductibles could pay as little as $1,400 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $5,600 a year. View Rates by Age
Where you live makes a big difference in BMW X3 insurance rates. A 40-year-old driver could pay as low as $1,000 a year in states like Idaho, Maine, and Iowa, or as much as $2,160 on average in Michigan, Louisiana, and New York.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Choosing high deductibles could save up to $640 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $375 . View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,800 to $2,500 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 45% to 133% more than average. View High Risk Driver Rates
With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2019 BMW X3||$332||$610||$416||$1,516|
|2018 BMW X3||$320||$586||$430||$1,494|
|2013 BMW X3||$250||$408||$460||$1,276|
|2008 BMW X3||$198||$274||$474||$1,104|
|2006 BMW X3||$180||$224||$468||$1,030|
|2005 BMW X3||$178||$218||$460||$1,014|
|2004 BMW X3||$176||$208||$452||$994|
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 Find Cheaper BMW X3 Insurance
Saving money on BMW X3 insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.
Here is a summary of the information that was covered in this article.
- Increasing deductibles can save around $625 each year
- Drivers can save as much as $190 per year simply by quoting early and online
- Drivers who require more liability insurance will pay about $460 each year to go from a minimum limit to 250/500 limits
- Young drivers pay the highest rates, costing as high as $467 per month for full coverage
- High-risk drivers that have multiple accidents or serious violations will pay on average $1,770 more each year for insurance
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
|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|
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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.
- What is collision insurance and what does it cover? Collision coverage pays for repairs after collisions with other vehicles or objects (such as a mailbox).
- What is comprehensive coverage on a car insurance policy? Comprehensive coverage pays for repairs after animal collisions, weather damage, natural disasters, theft, and vandalism.
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.
|Insurance Coverage Category||Loss Rate|
|Medical Payment||no data|
|Bodily Injury||no data|
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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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$114|
|5-yr Claim Free||$99|
|Paid in Full/EFT||$71|
Discounts are estimated and may not be available from every company or in every state.