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: Oct 6, 2015

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Looking for better insurance coverage rates for your BMW X3? Buying discount insurance coverage on the web may be rather challenging for drivers who are new to price shopping on the internet. With so many agents and insurers available, how are drivers expected to have the ability to compare them all to find the lowest price?

It’s a good habit to shop coverage around every six months due to the fact that insurance prices change regularly. Just because you had the best rates for X3 insurance two years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate the only way to find great coverage at a great price.

What affects BMW X3 insurance premiums?

An important part of buying insurance is that you know some of the factors that come into play when calculating your premiums. When you understand what determines base rates, this empowers consumers to make smart changes that may reward you with lower premium levels.

The items below are a partial list of the pieces used by companies to determine premiums.

  • More miles equals more premium – Driving a lot of miles annually the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage based on their usage. Autos that have low annual miles qualify for better rates than vehicles that have high annual mileage. Ask your agent if your policy properly reflects the correct usage for each vehicle. Having the wrong rating on your X3 may be costing you higher rates.
  • Rural vs Urban Areas – Living in a rural area has it’s advantages if you are looking for the lowest rates. Fewer drivers on the road means reduced accidents and lower theft and vandalism rates. People in densly populated areas tend to have congested traffic and more severe claims. The longer drive time means a statistically higher chance of an accident.
  • Lower rates by increasing deductibles – Physical damage deductibles represent how much money the insured will be required to pay if a claim is determined to be covered. Insurance for physical damage, aka comp and collision, protects your car from damage. Examples of covered claims could be rearending another vehicle, hail damage, or theft of your vehicle. The more expense you pay before a claim is paid (deductible), the less your auto insurance will be for X3 insurance.
  • Always keep your policy in force – Having a lapse in insurance coverage will be a sure-fire way to increase your rates. In addition to paying higher premiums, getting caught without coverage will get you a license revocation or jail time. You may need to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Safer cars lower auto insurance rates – Safe vehicles tend to have lower insurance rates. These vehicles reduce the chance of injuries and lower rates of occupant injuries means your insurance company pays less and more competitive rates for policyholders.
  • Frequent auto insurance claims will cost more – Insurance companies award cheaper rates to policyholders that do not abuse their auto insurance. If you’re an insured who likes to file claims you can pretty much guarantee higher rates. Your insurance policy is meant to be used in the event of larger claims.

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

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Quote auto insurance online

To find the cheapest insurance coverage quotes, there are several ways of comparing price quotes from many available auto insurance companies in your state. The best way to find the lowest BMW X3 rates consists of obtaining rate quotes online. This can be accomplished in several different ways.

  1. The most efficient method consumers can analyze rates is a comparison rater form (click to open form in new window). This easy form eliminates the need for separate forms for each price estimate. One quote request gets you price quotes from many national carriers. It’s the fastest way to compare.
  2. A less efficient way to find more affordable insurance requires visiting the website for each individual company and go through the quote process again. For sake of this example, let’s assume you want to compare prices for Allstate, Liberty Mutual and GMAC. You would need to take the time to go to each site to input your insurance information, which can take a lot of time.

    For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but make sure you compare the same coverage information for every company. If you compare different coverage information it will be nearly impossible to determine which rate is truly the best. Having just a slight variation in insurance coverages can result in a big premium difference. And when quoting auto insurance, remember that more quotes will enable you to find more affordable insurance.

These discounts can lower your car insurance quotes

Companies that sell car insurance do not list every disount available very well, so the list below details both the well known and the more hidden discounts you could be receiving when you buy insurance coverage online.

  • Multi-Vehicle Discounts – Buying a policy with several vehicles on one policy could earn a price break for each car.
  • Telematics Data – Drivers who agree to allow their insurance company to monitor their driving habits by using a telematic data system like Allstate’s Drivewise may get a rate reduction as long as they are good drivers.
  • Multi-line Discount – Some companies give a lower car insurance rate if you buy a life policy as well.
  • Military Rewards – Having a deployed family member may lower your prices slightly.
  • Save with a New Car – Buying a new car model is cheaper because new model year vehicles are generally safer.
  • Homeowners Savings – Owning a home may earn you a small savings because of the fact that having a home is proof of financial responsibility.
  • One Accident Forgiven – This one isn’t a discount, but some insurance companies will allow you to have one accident before your rates go up with the catch being you have to be claim-free prior to being involved in the accident.
  • Anti-lock Brake Discount – Cars and trucks with ABS and/or traction control are safer to drive and qualify for as much as a 10% discount.
  • Good Driver Discount – Insureds without accidents may receive a discount up to 45% for X3 insurance compared to accident prone drivers.

It’s important to understand that most discount credits are not given the the whole policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

Companies who might offer many of the previously listed discounts include:

When getting a coverage quote, ask every insurance company what discounts are available to you. Depending on the company, some discounts might not be available to policyholders in your area. To see a list of car insurance companies who offer online car insurance quotes, click this link.

Different people need different auto insurance coverages

When it comes to choosing coverage for your vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions could help you determine if you will benefit from professional help.

  • How much can I save by bundling my policies?
  • Should I buy additional glass protection?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my ex-spouse still covered by my policy?
  • Am I covered when pulling a rental trailer?
  • Why does it cost so much to insure a teen driver?
  • How high should deductibles be on a 2008 BMW X3?
  • Do all my vehicles need collision coverage?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form.

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

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Car insurance coverage options for a 2008 BMW X3

Learning about specific coverages of a car insurance policy can be of help when determining the right coverages and proper limits and deductibles. Car insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like damage from a tornado or hurricane, hail damage, hitting a bird and rock chips in glass. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision insurance

This covers damage to your X3 from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a building and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as chiropractic care, doctor visits, surgery and dental work. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability coverage

This provides protection from damage or injury you incur to people or other property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things such as repair costs for stationary objects, emergency aid, bail bonds and attorney fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your BMW X3.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Be a smart shopper

We’ve covered many ideas to get a better price on 2008 BMW X3 insurance. It’s most important to understand that the more you quote insurance coverage, the better chance you’ll have of finding inexpensive insurance coverage. Consumers could even find that the lowest prices are with some of the lesser-known companies.

The cheapest 2008 BMW X3 insurance can be purchased online and from local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance providers do not offer online price quotes and many times these regional carriers prefer to sell through independent insurance agencies.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice physical damage coverage to discover at claim time that they should have had better coverage. Your objective should be to buy the best coverage you can find at a price you can afford and still be able to protect your assets.

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