X3 Insurance

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Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.

Reviewed by Candace Jenkins
Reviewed by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.

BMW X3. Find BMW Insurance.

The BMW X3 is an all-in-one package, boasting luxury, technology, and safety. The BMW X3 is among the best in class, scoring a high rating on satisfaction and reliability according to a recent study.

To make sure you are obtaining the right car insurance for your BMW X3, contact a local independent insurance agent. An agent will help you find a policy that is both accurate and sufficient. 

Not sure where to start? 

TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent. Your agent will find you the best coverages for the lowest price in your area.

What Kind of Insurance Do You Need for Your BMW X3? 

Insurance for your BMW X3 can come with a lot of options. Some coverages are required by state law and others are optional. Your independent insurance agent will help you understand the differences between the coverages you need and the ones you may want. 

Most states mandate the following coverages: 

Bodily Injury Liability 

Bodily injury liability will cover medical expenses and even lost wages if you cause injury to another party resulting from a car accident. The third party can be another driver, a passenger, or a pedestrian. 

Property Damage Liability 

If you cause damage to another person's property while driving your vehicle, property damage liability will help pay to repair or replace said property. If someone you permitted to drive your car causes damage to another person's property, this coverage will also become available. When it involves damage to your own vehicle, however, property damage coverage does not apply. 

Many states require this coverage: 

Medical Payments/Personal Injury Protection

Medical payments or personal injury protection (PIP) provides coverage for medical expenses if you are involved in a car accident and are injured, or your passengers are injured. PIP may be a state requirement and is available in "no-fault" states. You'll have the opportunity to purchase medical payments insurance everywhere else. 

Uninsured and Underinsured Motorist Coverage

Uninsured and underinsured motorist coverage pays for damage to your vehicle when you are involved in a hit and run, or the other driver doesn't have adequate coverage. This coverage can come in handy if your car is sideswiped in a parking lot and the responsible person doesn't take responsibility.


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Optional Coverage: 


If you are responsible for causing an accident, collision coverage will pay for the damage to the other party. This is especially good to have if you want to avoid paying any funds out of pocket.


Your BMW X3 is at risk, even parked in the garage. Natural disasters, storms, fires, and other incidents out of your control that cause damage to your vehicle can be covered under comprehensive coverage. For example, if a deer runs into your car and totals it, this would be covered under comprehensive coverage. 

Glass Coverage 

Replacing your BMW's windshield can run you in the ballpark of $400 to $700. Instead of paying out of pocket, you could have your windshield repaired or replaced with a $0 deductible from your insurance carrier. And adding glass coverage usually costs just a few dollars each month. 

Gap Insurance

Gap coverage is crucial if you finance or lease your BMW X3. Gap coverage will pay the difference between the car's value and the outstanding balance due if you're in an accident and your vehicle is a total loss. Without this coverage, you will be responsible for fronting the difference yourself. 

What Affects the Cost of Insurance for Your BMW X3

Many factors go into calculating insurance premiums for any vehicle, your BMW X3 included. The car is only part of the equation. The younger you are, the more you tend to pay in insurance rates because you are more likely to be involved in an accident. Teen BMW X3 drivers spend an average of $5,642 in annual premiums. The lowest average rate with full coverage is $892 per year. If you have multiple driving violations or at-fault accidents on your record, then your insurance rates are, on average, $3,372 annually.

Average Cost of BMW Insurance by Model

The year, make, and model of your BMW also affect your insurance premiums. The averages below assume that the driver has a clean driving history and is a 40-year-old male. The policies are based on a $500 comprehensive and collision deductible, uninsured/underinsured motorist coverage, and minimum liability limits. These rates are also averaged across all 50 states. 

Average annual insurance premium for a new BMW by model
BMW M3  $1,818
BMW M5 $2,044
BMW M6 $2,354
BMW X3 $1,562
BMW X5 $1,724
BMW X6 $1,876
BMW Z4 $1,530

The Safety of Your BMW X3

The safer your BMW X3 is, the better your insurance premiums will be. Fortunately, BMW includes essential safety features across its lineup of cars. 

The BMW X3 gets high marks and five-star ratings across the board, passing the safety standards with the Insurance Institute of Highway Safety. From automatic emergency braking to pedestrian detection included, the BMW X3 safety features get overall good scores.

How Location Affects Your BMW X3 Insurance

The state you live in can affect how high your insurance premiums run. Insurance companies take into account crime rates, traffic patterns, and the number of claims filed in a particular area.

Average yearly auto insurance rates are the least expensive in these states:
Ohio $1,304
Indiana $1,329
Washington $1,522
Arizona $1,814
Illinois $2,099
Average yearly auto insurance rates are most expensive in these states:
California $2,673
New York $2,469
Texas $2,449
Florida $2,269
Pennsylvania $2,089

Average Cost to Insure a BMW X3

In the US, the average yearly premium for a BMW X3 is $1,562. Your costs will vary according to how old you are, coverage selection, motor vehicle reports, and where you live. 

Here's how BMW X3 rates change for younger vs. older drivers:

BMW X3 rates by age for full coverage with a $500 deductible
Age Premium
16 $5,642
20 $3,588
30 $1,644
40 $1,562
50 $1,424
60 $1,396

Top Independent Insurance Carriers That Insure the BMW X3

Choosing the right insurance company to insure your BMW X3 is important. Your independent insurance agent and carrier should be trustworthy, responsive, and knowledgeable. The US Independent Insurance Agent Satisfaction Study by J.D. Power gave these companies a solid recommendation: 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Get a BMW X3 Quote 

Reach out to a TrustedChoice.com agent today to get a quote for insurance on your BMW X3. An independent insurance agent can shop dozens of insurance companies, providing you with the most affordable and complete auto insurance coverage.

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