The Cheapest Car Insurance for a BMW X3

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Drivers of the most recent BMW X3 model pay an average of $1,503 per year for car insurance, but you might find cheaper coverage if you shop around.

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Nerdy takeaways
  • The cheapest insurance company for a 2022 BMW X3 is State Farm at $834 per year, on average.

  • The BMW X3 costs an average of $1,503 per year to insure.

  • That works out to a car insurance rate of $125 per month.

Why you can trust NerdWallet

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every ZIP code in the country where coverage is offered and data is available. Read our methodology.

Jump to your Model Year

The vehicle you drive plays a big role in determining how much you pay for auto insurance. Insurers set rates based on factors like how expensive a vehicle’s repair costs are, how often a car is broken into or stolen, and even the likelihood of a vehicle getting into an accident. The cheapest cars to insure usually don’t cost as much to repair after a claim, while those with higher repair costs — like luxury vehicles and sporty models — tend to be more expensive to insure.

Auto insurance rates vary by company, so shopping around and comparing quotes from multiple insurers is the best way to find cheap car insurance.

How much does BMW X3 insurance cost?

The average cost for BMW X3 insurance in 2022 is $125 per month, according to NerdWallet’s most recent analysis of full coverage insurance rates. But each model year will likely have different insurance costs. Check out the table below to see the average insurance cost by model year.

Year
Cost
2022$1,503
2021$1,489
2020$1,489
2019$1,472
2018$1,452
2017$1,431
2016$1,406
2015$1,382
2014$1,358
2013$1,335

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Cheapest insurance for a 2022 BMW X3

The average cost of car insurance for BMW X3 is $1,503 per year, but you may be able to find cheaper rates if you shop around and compare quotes from multiple insurance companies.

Here are the cheapest car insurance companies for a 2022 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$834
NerdWallet rating 

5.0

/5
Geico$903
NerdWallet rating 

4.5

/5
Travelers$956
NerdWallet rating 

5.0

/5
American Family$1,149
NerdWallet rating 

5.0

/5
Nationwide$1,294
NerdWallet rating 

4.5

/5

>> MORE: Estimate car insurance

Cheapest insurance for a 2021 BMW X3

Our analysis found that the average auto insurance cost for a BMW X3 is $1,489 per year, which is 0.93% less to insure than the 2022 model. But shopping around and comparing quotes from multiple insurers may help you get an even lower rate.

Here are the cheapest insurance companies for a 2021 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$824
NerdWallet rating 

5.0

/5
Travelers$952
NerdWallet rating 

5.0

/5
American Family$1,136
NerdWallet rating 

5.0

/5
Nationwide$1,318
NerdWallet rating 

4.5

/5
Geico$1,340
NerdWallet rating 

4.5

/5

>> MORE: Types of car insurance

Cheapest insurance for a 2020 BMW X3

The average car insurance rate for a 2020 BMW X3 is $1,489 per year, but you might find even cheaper rates by shopping around and comparing quotes from multiple insurance companies.

Here are the cheapest insurers for a 2020 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$815
NerdWallet rating 

5.0

/5
Travelers$950
NerdWallet rating 

5.0

/5
American Family$1,123
NerdWallet rating 

5.0

/5
Geico$1,317
NerdWallet rating 

4.5

/5
Progressive$1,379
NerdWallet rating 

5.0

/5

>> MORE: Car insurance quotes: How to shop and compare online

Cheapest insurance for a 2019 BMW X3

NerdWallet’s analysis found that the average cost of insurance for a 2019 BMW X3 is $1,472. But you can typically find cheaper rates by shopping around and comparing quotes from multiple companies.

Here are the cheapest car insurance companies for a 2019 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$809
NerdWallet rating 

5.0

/5
Travelers$947
NerdWallet rating 

5.0

/5
American Family$1,108
NerdWallet rating 

5.0

/5
Geico$1,305
NerdWallet rating 

4.5

/5
Progressive$1,367
NerdWallet rating 

5.0

/5

>> MORE: The average cost of car insurance

Cheapest insurance for a 2018 BMW X3

The average cost to insure a 2018 BMW X3 is $1,452. But you might find even cheaper rates if you compare car insurance quotes from multiple companies.

Here are the cheapest insurers for a 2018 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$809
NerdWallet rating 

5.0

/5
Travelers$932
NerdWallet rating 

5.0

/5
American Family$1,092
NerdWallet rating 

5.0

/5
Geico$1,284
NerdWallet rating 

4.5

/5
MetLife$1,347
NerdWallet rating 

4.5

/5

>> MORE: The cheapest full coverage car insurance

Cheapest insurance for a 2017 BMW X3

Nerdwallet’s analysis found that the average cost to insure a 2017 BMW X3 is $1,431. But you can likely get even cheaper rates if you compare quotes from a few different insurance companies.

Here are the cheapest insurers for a 2017 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$809
NerdWallet rating 

5.0

/5
Travelers$919
NerdWallet rating 

5.0

/5
American Family$1,075
NerdWallet rating 

5.0

/5
Geico$1,264
NerdWallet rating 

4.5

/5
MetLife$1,321
NerdWallet rating 

4.5

/5

>> MORE: The best cheap car insurance

Cheapest insurance for a 2016 BMW X3

A 2016 BMW X3 costs an average of $1,406 to insure, per year. But you might find cheaper rates by shopping around and comparing quotes from multiple companies.

Here are the cheapest insurers for a 2016 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$806
NerdWallet rating 

5.0

/5
Travelers$907
NerdWallet rating 

5.0

/5
American Family$1,056
NerdWallet rating 

5.0

/5
Geico$1,242
NerdWallet rating 

4.5

/5
MetLife$1,296
NerdWallet rating 

4.5

/5

>> MORE: Cheap car insurance companies

Cheapest insurance for a 2015 BMW X3

Our analysis found that a 2015 BMW X3 will cost an average of $1,382. But shopping around and comparing quotes from multiple insurers may get you an even lower rate.

Here are the cheapest companies for a 2015 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$800
NerdWallet rating 

5.0

/5
Travelers$896
NerdWallet rating 

5.0

/5
American Family$1,036
NerdWallet rating 

5.0

/5
Geico$1,220
NerdWallet rating 

4.5

/5
MetLife$1,275
NerdWallet rating 

4.5

/5

>> MORE: Your guide to car insurance discounts

Cheapest insurance for a 2014 BMW X3

Our analysis found that a 2014 BMW X3 costs an average rate of $1,358 per year to insure. But you could find even cheaper insurance if you shop around to compare quotes from multiple insurers.

Here are the cheapest car insurance companies for a 2014 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$793
NerdWallet rating 

5.0

/5
Travelers$886
NerdWallet rating 

5.0

/5
American Family$1,016
NerdWallet rating 

5.0

/5
Geico$1,200
NerdWallet rating 

4.5

/5
MetLife$1,256
NerdWallet rating 

4.5

/5

>> MORE: How to save on car insurance

Cheapest insurance for a 2013 BMW X3

Our analysis found that a 2013 BMW X3 costs 12.57% less than a 2022 model, with an average rate of $1,335. But you can typically find even cheaper rates by comparing quotes from multiple insurance companies.

Here are the cheapest auto insurers for a 2013 BMW X3.

Company
Cost
NerdWallet Rating
State Farm$784
NerdWallet rating 

5.0

/5
Travelers$876
NerdWallet rating 

5.0

/5
American Family$993
NerdWallet rating 

5.0

/5
Geico$1,187
NerdWallet rating 

4.5

/5
MetLife$1,240
NerdWallet rating 

4.5

/5

>> MORE: The best cheap auto insurance

Other BMW models

Methodology

NerdWallet averaged insurance estimates for this vehicle in all ZIP codes in any of the 50 states and Washington, D.C., where rates are available. Our sample profile is a 35-year-old driver with good credit and no tickets or violations. Our “good” and “poor” credit rates are based on credit score approximations and do not account for proprietary scoring criteria used by insurance providers.

We averaged rates between male and female drivers and assumed 12,000 annual miles driven. These are average rates, and your rate will vary based on your personal details, state and insurance provider.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Where required by law, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

The analysis included the largest insurance companies in each state; smaller insurers were also included when rates were available. Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our rates analysis due to a lack of publicly available information.

These are rates generated through Quadrant Information Services. Your own rates will be different.