Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Jan 12, 2018

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Looking for the cheapest insurance rates for your BMW X3? Finding cheaper prices for insurance might be hard for drivers who are beginners to comparing rates online. There are so many different companies and agents to choose from that it can easily be a difficult challenge to find the best prices.

Why you might pay lower rates

The best way to find cheaper insurance is to take a look at some of the things that help determine your premiums. If you understand what determines base rates, this empowers consumers to make smart changes that will entitle you to cheaper rates.

Shown below are just a few of the factors that factor into your rate level.

  • How credit rating affects insurance costs – Your credit rating can be an important factor in your rate calculation. People with very high credit ratings tend to be more responsible and file fewer claims than drivers who have bad credit. Therefore, if your credit rating could use some work, you could save money insuring your 2007 BMW X3 if you improve your credit rating.
  • Where you reside can influence costs – Having an address in a small town is a positive aspect when shopping for auto insurance. Drivers who live in large cities tend to have more traffic problems and more severe claims. Fewer people means less chance of accidents and also fewer theft and vandalism claims.
  • Cheaper rates after marriage – Having a wife or husband may cut your premiums compared to being single. Having a spouse translates into being more stable financially and it’s proven that married drivers tend to have fewer serious accidents.
  • Buy a safe car and pay less – Safe vehicles tend to have better insurance rates. Vehicles built for safety result in less severe injuries and fewer serious injuries means your insurance company pays less and more competitive rates for policyholders. If your BMW has ratings of a minimum four stars on it is probably cheaper to insure.

Enter your zip code below to view companies that have cheap auto insurance rates.

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First Step: Get free auto insurance quotes

Most of the larger companies allow you to get prices direct online. Getting quotes is very simple as all you need to do is type in into the form. When the form is submitted, the company’s rating system automatically retrieves reports for credit and driving violations and generates a price based on many factors.

Online price estimates simplifies rate comparisons, but the process of having to visit many different websites and complete many quote forms is not the best way to spend an afternoon. But it’s absolutely necessary to compare as many rates as possible if you want to find the lowest price.

The easy way to compare rates

The preferred way to compare auto insurance pricing uses one form to obtain quotes from a lot of companies. It’s a real time-saver, eliminates form submissions, and makes online price comparison much more enjoyable and efficient. After your information is entered, your coverage is rated and you can select your choice of the pricing results. If a lower price is quoted, you can click and sign and buy the new coverage. This process only takes a few minutes and you will find out if you’re overpaying now.

If you want to use this form to compare rates, click here and submit your coverage information. If you have a policy now, it’s recommended you type in the coverage information as close as possible to your current policy. This ensures you will be getting a price comparison based on the exact same insurance coverage.

Take advantage of every auto insurance discount

Companies that sell car insurance don’t always advertise their entire list of discounts in an easy-to-find place, so the list below details both the well known and the more hidden credits available to bring down your rates.

  • Low Mileage Discounts – Low mileage vehicles could be rewarded with lower auto insurancerates on the low mileage vehicles.
  • Employee of Federal Government – Active or former government employment could qualify for a slight premium decrease for X3 insurance with certain companies.
  • Passive Restraint Discount – Options like air bags or motorized seat belts may get savings of 20% or more.
  • Memberships – Being in a civic or occupational organization could qualify you for a break on your next auto insurance statement.
  • Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Claim Free – Insureds with no claims or accidents pay much less in comparison with drivers who are more careless.
  • Drivers Education – Require your teen driver to sucessfully take a drivers education course in school.
  • Defensive Driver – Taking part in a course that instructs on driving safety could save 5% or more and easily recoup the cost of the course.
  • Buy New and Save – Buying a new car instead of a used car can save up to 30% compared to insuring an older model.
  • E-sign – Many larger companies provide a small discount for buying your policy on their website.

You should keep in mind that most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, insurance companies wouldn’t stay in business. But all discounts will definitely reduce the cost of your policy.

If you would like to view insurance companies that offer multiple discounts, click here.

How to know if you need help

When choosing adequate coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether your personal situation would benefit from professional advice.

  • How high should my uninsured/underinsured coverage be in my state?
  • Are my friends covered when driving my car?
  • Does insurance cover tools stolen from my truck?
  • I have health insurance so do I need medical payments coverage?
  • Is my ex-spouse still covered by my policy?
  • What is covered by UM/UIM coverage?
  • Is a fancy paint job covered?
  • Are rental cars covered under my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, complete this form.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Car insurance coverage information

Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive auto coverage

This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, vandalism, fire damage and damage from flooding. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your BMW X3.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Collision insurance

Collision insurance pays for damage to your X3 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like scraping a guard rail, sideswiping another vehicle, damaging your car on a curb and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Coverage for liability

Liability coverage protects you from injuries or damage you cause to other people or property. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as emergency aid, loss of income and bail bonds. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage pay for immediate expenses for X-ray expenses, pain medications, doctor visits, hospital visits and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Quote more, save more

We just showed you many ways to reduce 2007 BMW X3 insurance prices online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding inexpensive insurance coverage. Consumers could even find that the biggest savings come from a small local company.

There are still a few companies who do not provide online price quotes and these regional insurance providers only sell coverage through local independent agents. Cheap 2007 BMW X3 insurance is possible from both online companies in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from.

When shopping online for car insurance, it’s very important that you do not reduce needed coverages to save money. There have been many situations where an insured cut liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your objective should be to get the best coverage possible at an affordable rate, but do not sacrifice coverage to save money.

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