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BMW X3 insurance rates

Average BMW X3 insurance rates

BMW X3

The BMW X3 is a compact luxury crossover SUV that’s been in production since 2003. Starting at just over $52,550, it’s one of the more affordable models in BMW’s lineup of Sports Activity Vehicles. With that being said, it comes equipped with all of the bells and whistles you’d expect from BMW, many of which could help you save on auto insurance.

On average, auto insurance for the BMW X3 costs roughly $165 a month — or $1,980 a year. While this estimate is more than $800 higher than the national average, your actual rates may vary since the cost of auto insurance is influenced by a number of factors.

Compare free car insurance quotes online for your BMW X3

Name Product Roadside assistance Third-Party Liability Collision Coverage Comprehensive Coverage Discounts Available Available Provinces
Sonnet Auto Insurance
Up to 25%
Alberta, New Brunswick, Nova Scotia, Ontario, PEI, Quebec
Get auto insurance with Sonnet in just five minutes. Save up to 25% on your auto insurance through discounts and bundling options.

Who it might be good for: Drivers looking to apply and manage their car insurance completely online.
Intact Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Get car insurance with Intact and enjoy a quick turnaround on any lodged claims. Get a free quote through Surex.

Who it might be good for: Drivers looking to get rewarded for good driving behaviour.
Aviva Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex.

Who it might be good for: Drivers looking to customize their auto policy.
Travelers Car Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex.

Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.
Surex Auto Insurance
Up to 25%
Alberta, Northwest Territories, Nova Scotia, Ontario, Yukon
Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor.

Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.
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How to compare insurance for the BMW X3

Shopping for auto insurance can be overwhelming. Many insurers use similar terminology, even though policies and coverage can vary drastically depending on your choice of provider. However, coverage is mandatory in every province or territory, meaning you won’t be able to avoid it. That being said, finding the right policy is much easier when you know what to look for. Here are a few characteristics to consider when shopping around.

  • Price. It’s important to use the same information when getting quotes from providers. This will help you compare similar options to find out which provider has the best price.
  • Deductible. Your deductible amount can influence the cost of your monthly premiums. Policies with higher deductibles usually have lower premiums, whereas those with lower deductibles will cost more.
  • Minimum coverage. Every province and territory has minimum, mandatory coverage requirements. Before purchasing a policy, ensure the requirements where you live are met.
  • Additional coverage. Additional coverage can help protect against things that are not included in your standard policy. Be sure to include any additional coverage options when getting quotes to get a more accurate estimate.
  • Extras. Extras like accident forgiveness and vanishing deductibles may be available through your provider. Find out what your policy includes and what features you’ll need to pay extra for.
  • Restrictions. Policy restrictions can limit coverage and lead to denied claims if you’re not aware of them. Ask your provider if any apply to you or your vehicle.
  • Manufacturer offer or loyalty discount. Ask your dealership if you’re eligible for any manufacturer offers or loyalty discounts with certain providers.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for BMW X3?

Insurance providers consider your chances of filing claims and the cost of paying them out when calculating your premiums. While your driving history and location can affect your risk, the vehicle you drive often plays a much larger role. This is because vehicle performance, safety features, repair costs and other factors can all vary depending on your make, model and build options. Here’s how the X3 measures up:

  • Body type. The X3 is a crossover SUV that is best suited for daily driving, road trips, and other low-risk driving activities. This could make it cheaper to insure.
  • Type of car. Like most other BMWs, the X3 is a luxury vehicle, which could increase the cost of insurance.
  • Theft. SUVs are stolen far less than sedans and pickup trucks. The lower risk of theft could bring down the cost of coverage.
  • Repairs. While the X3’s price tag of $52,550, parts and service could be expensive. This could make for higher premiums.
  • Safety ratings. The X3 was awarded the 2018 IIHS top safety pick and has great crash test results. Both of these factors could make coverage more affordable.
  • Fuel type. The X3 has a gas engine, which generally costs less to insure compared to diesel or electric engines.
  • Trim & packages. Adding features that improve visibility or safety can help reduce your premiums, whereas features that increase its power or price could have the opposite effect.

BMW X3 money-saving safety features

You could save money on car insurance for your BMW X3 if it comes equipped with these safety features.

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Parking sensors
  • Surround view camera system
  • Daytime running lights
  • Electronic stability control
  • Seat belt pretensioners
  • Rear backup sensors
  • Lane-departure warning systems
  • Adaptive cruise control

Does the BMW X3 qualify for auto insurance discounts?

Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive may vary depending on location, provider, options, and other factors. Here are a few that should apply to the BMW X3:

  • New car discount
  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

BMW X3 reliability & safety ratings

The BMW X3 received the 2018 IIHS top safety pick, indicating that it is one of the safest vehicles in its class. It also has great safety ratings and a number of safety features that could help to reduce the cost of insurance.

According to U.S. News and J.D. Power, the 2018 BMW X3 holds a 3.5/5 star reliability rating, which is better than most vehicles in its class. With that said, parts and repairs could be expensive, so you may want to ask about the extended warranty. Learn more about car safety ratings in our guide.

BMW X3 maintenance

The average yearly cost of maintaining a BMW is around $1,200-$2,300 CAD. Maintenance costs over 10 years of ownership can easily fall between $20,000 and $25,000 CAD. For perspective, this exceeds the average 10-year cost of maintaining a Mercedes-Benz and a Toyota by about $6,500 and $16,500 respectively.

BMWs are known to be among the most expensive cars to maintain. This is because many of the parts have to be specially imported from Germany and mechanics must be certified to perform maintenance and repairs. BMWs aren’t made for your average driver. Parts are specially engineered for optimal performance and must be handled with great care to make sure the vehicle will run smoothly.

After the 4-year/80,000 km manufacturer’s warranty is up, expect to pay high prices for any subsequent work you need completed. Even things as simple as oil changes and basic checkups can add up. Servicing a BMW can put you out of pocket around $250-$800 each year. Expect your car insurance premiums to go up as well.

Does the BMW X3 come with a warranty?

The X3 is backed by BMW’s standard 4-year/80,000 km warranty. This covers issues due to defective parts and service and provides limited coverage for emissions systems, rust perforation and certain control devices. Complimentary 24-hour roadside assistance is also available.

The X3 is slightly above average in terms of reliability, but parts and service can be expensive if it happens to break down. While the standard warranty is great, the extended warranty can provide peace of mind after it expires. It’s available in multiple terms and includes service from certified BMW technicians, OEM part replacements, mechanical breakdown towing and more.

About the BMW X3

The BMW X3 has been around since 2004 and is a compact luxury SUV. The 2018 model will feature plug-in hybrid technology. The 2020 model was awarded 5-Star Overall Rating from the National Highway Safety Administration for safety.

BMW X3 car insurance rates

A 2020 BMW X3 starts at a base price of $52,550. With the average insurance rate at $1,980 per year, the annual insurance cost–to–base car price ratio is 3.77%.

Bottom line

The BMW X3 is luxury crossover SUV that comes equipped with a number of great features you’d expect to find on a much higher end BMW. While it’s more reliable and safer than many other vehicles in its class, parts and service could still be expensive, which could affect the cost of coverage. However, its impressive crash test ratings and safety features could help you get discounts, but you should compare your options to find a policy and provider that’s right for you.

Frequently asked questions about the BMW X3

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