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...

Full Bio →

Written by

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.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 6, 2015

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Scraping up a payment for high-priced BMW X3 insurance can take a big chunk out of your savings account and possibly require postponing other expenditures.

Many insurers vie for your insurance dollar, so it can be very hard to choose a insurance company to find the absolute lowest price

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. Buying car insurance is not rocket science. Nevertheless, drivers do need to understand the methods companies use to market insurance on the web because it can help you find the best coverage.

Finding insurance

Shopping for lower insurance rates can be exhausting if you don’t utilize the easiest way. You can waste a lot of time talking about coverages with agents in your area, or you could use the web to accomplish the same thing much quicker.

Most major companies take part in a program where prospective buyers submit one quote, and each company can give them a price based on the submitted data. This prevents consumers from doing quote requests for every insurance company.

To find out what other companies charge click here (opens in new window).

The one disadvantage to comparing rates this way is you don’t know exactly the companies to get pricing from. If you wish to select from a list of companies for rate comparison, we have assembled a list of the cheapest insurance companies in your area. Click here to view list.

However you get your quotes, make darn sure you compare apples-to-apples coverage limits and deductibles for every quote you compare. If the quotes have different coverage information it will be next to impossible to determine which rate is truly the best. Having just a slight variation in insurance coverages may result in a large different in cost. Just keep in mind that more quotes will increase your chances of finding a better price. Not every company allows you to get rate quotes online, so it’s recommended that you also compare price estimates from them as well.

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

secured lock Secured with SHA-256 Encryption

These discounts can lower your auto insurance rates

Auto insurance companies don’t list the entire discount list very well, so the list below details a few of the more well known and the more hidden credits available to you. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Telematics Discount – Drivers who agree to allow their company to analyze when and where they use their vehicle by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if their driving habits are good.
  • Driver Training Discounts – Taking time to complete a defensive driving class could possibly earn you a 5% discount if you qualify.
  • Club Memberships – Participating in a professional or civic organization may earn a discount on your policy.
  • Active Service Discounts – Being on active deployment in the military could be rewarded with lower premium rates.
  • Discount for Swiching Early – A few companies give discounts for signing up prior to your current policy expiration. The savings is around 10%.
  • Federal Employees – Active or former government employment may reduce rates when you quote car insurance for X3 coverage depending on your auto insurance provider.
  • Use Seat Belts – Forcing all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.

It’s important to understand that many deductions do not apply to the entire cost. Most only reduce specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears all the discounts add up to a free policy, it just doesn’t work that way.

To view auto insurance companies that provide some of the discounts listed above, follow this link.

Different people need different auto insurance coverages

When it comes to choosing proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique so your insurance should reflect that For example, these questions could help you determine whether or not you will benefit from professional help.

  • What is an SR-22 filing?
  • Can I afford low physical damage deductibles?
  • How many claims can I have before being cancelled?
  • Am I insured when driving a different vehicle?
  • Is my 2011 BMW X3 covered for smoke damage?
  • Where can I find high-risk insurance?
  • Do I need more liability coverage?
  • What happens if I owe more than my 2011 BMW X3 is worth?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Components of your BMW X3 insurance premiums

Multiple criteria are part of the equation when quoting car insurance. Some factors are common sense like a motor vehicle report, although others are less obvious like your continuous coverage and annual miles driven.

Listed below are some of the major factors that factor into your premiums.

  • High insurance coverage claims frequency drives up prices – Auto insurance companies generally give better rates to policyholders that do not abuse their auto insurance. If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Big cities have higher rates – Being located in less populated areas is a good thing when talking about insurance coverage. Residents of big cities have to deal with traffic congestion and much longer commute distances. Less people living in that area means fewer accidents in addition to fewer liability claims.
  • Experienced drivers are lower risk – Older people are proven to be safer behind the wheel, tend to cause fewer accidents and are safer drivers.Drivers with little experience have been known to be easily distracted in a vehicle so they pay higher insurance coverage rates.
  • How’s your driving record? – Just one citation can increase the cost of insurance to the point where it’s not affordable. Drivers who don’t get tickets pay lower auto insurance prices compared to drivers with tickets. Drivers who have gotten flagrant violations such as DUI or willful reckless driving are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to legally drive a vehicle.
  • Cheaper to insure gals? – Statistics demonstrate females are less aggressive when driving. Now that doesn’t mean males are worse at driving than females. Both sexes tend to get into at-fault accidents in similar numbers, but guys have costlier accidents. They also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly. Young males have the highest risk to insure and are penalized with high insurance coverage rates.
  • Lower premiums for vehicles with better crash test results – Cars with five star safety ratings tend to have better insurance rates. Vehicles built for safety protect occupants better and fewer serious injuries means lower claim amounts and cheaper rates on your policy. If your BMW X3 earned at least four stars on you are probably receiving a discount.
  • Amount of liability protection – A critical coverage on your policy, liability insurance will afford coverage if ever you are found liable for causing personal injury or damage in an accident. It provides for a legal defense which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Only buy coverage you need – Policies have extra coverages that may not really be needed but may not be useful. Coverages like rental car reimbursement, better glass coverage, and term life insurance may not be needed and are just wasting money. These coverages may sound good initially, but now you might not need them so get rid of them and save.

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

secured lock Secured with SHA-256 Encryption

Insurance coverages 101

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages found on most insurance policies.

Collision – This will pay to fix damage to your X3 resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, sustaining damage from a pot hole, hitting a mailbox, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like falling objects, hitting a deer, vandalism, theft and rock chips in glass. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

UM/UIM Coverage – This gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your BMW X3.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability coverages – This coverage protects you from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like funeral expenses, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for expenses such as prosthetic devices, funeral costs, pain medications and nursing services. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

One last thing about your coverage

Lower-priced insurance coverage can be purchased online as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies may not offer rate quotes online and usually these regional insurance providers only sell coverage through independent insurance agents.

When you buy car insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, an insured cut physical damage coverage only to find out that the savings was not a smart move. The goal is to buy a smart amount of coverage at the best possible price.

To learn more, feel free to visit the resources below: