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: May 26, 2018

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Drivers have many options when trying to find the best price on BMW X3 insurance. They can either waste time driving around to compare prices or utilize the internet to compare rates. There is a right way and a wrong way to buy insurance coverage and you need to know the absolute fastest way to get price quotes on a BMW and obtain the best price possible.

If you have a policy now or need a new policy, you will benefit by learning to reduce the price you pay and possibly find even better coverage. This article will introduce you to the most effective way to quote insurance. Vehicle owners just need to understand the most efficient way to compare price quotes over the internet.

Save money by getting discounts

Some companies don’t list every policy discount in an easy-to-find place, so the below list has both well-publicized and the more hidden discounts you could be receiving when you buy insurance coverage online.

  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of paying each month you could save 5% or more.
  • Low Mileage Discounts – Driving less could earn slightly better rates than normal.
  • Accident Waiver – This one is not really a discount per se, but some insurance companies allow you one accident before they charge you more for coverage as long as you don’t have any claims for a set time period.
  • Homeowners Pay Less – Being a homeowner can get you a discount because owning a home means you have a higher level of financial diligence.
  • Anti-theft System – Cars, trucks, and SUVs that have factory anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.

One thing to note about discounts is that some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, you’re out of luck.

A few of the larger companies and their possible discounts are outlined below.

  • Progressive may offer discounts for online signing, homeowner, multi-vehicle, continuous coverage, and good student.
  • SAFECO offers discounts for bundle discounts, accident prevention training, anti-lock brakes, drive less, teen safety rewards, anti-theft, and safe driver.
  • American Family may include discounts for defensive driver, early bird, Steer into Savings, TimeAway discount, and mySafetyValet.
  • MetLife offers discounts including multi-policy, claim-free, defensive driver, good student, good driver, accident-free
  • GEICO discounts include good student, emergency military deployment, anti-theft, federal employee, air bags, and multi-policy.
  • The Hartford may have discounts that include vehicle fuel type, driver training, good student, bundle, air bag, anti-theft, and defensive driver.

When comparing rates, check with all the companies what discounts are available to you. Some of the discounts discussed earlier may not be offered in your area.

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

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Affordable insurance quotes

Most of the larger companies such as State Farm and Allstate give prices for coverage direct online. Doing online price comparisons is quite easy as you just enter on the page. After the form is submitted, the system pulls your driving and credit reports and quotes a price based on many factors.

Being able to quote online streamlines rate comparisons, but the time required to go to multiple sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to perform this step if you want to get the best price on insurance.

A better way to compare insurance pricing is to use a quote form that gets price quotes from a bunch of companies at once. It saves time, eliminates repetitive work, and makes price shopping online much more enjoyable and efficient. As soon as the form is sent, it is quoted and you can select any or none of the price quotes you receive. If a lower price is quoted, you simply finish the application and buy the new coverage. This process takes less than 15 minutes and may save quite a bit of money.

If you want to use this form to compare rates, click here to open in a new tab and enter your information. If you currently have coverage, we recommend you copy the limits and deductibles as shown on your current policy. Using the same limits helps guarantee you will be getting rate quotes for similar insurance coverage.

What determines BMW X3 insurance premiums?

The best way to find cheaper insurance coverage is to take a look at a few of the rating criteria that come into play when calculating the price you pay for insurance coverage. When consumers understand what impacts premium levels, this allows you to make good choices that can help you get big savings.

Shown below are some of the major factors used by companies to determine prices.

  • Your address can modify price – Having an address in smaller towns and rural areas of the country is a good thing when buying insurance coverage. Fewer people means fewer accidents in addition to lower liability claims Drivers who live in large cities tend to have more road rage incidents and longer commutes to work. Longer commute distances means more chance of being in an accident.
  • Cautious drivers pay better rates – Your driving record has a big impact on rates. Having just one chargable violation can increase the cost of insurance twenty percent or more. Good drivers get better rates than people who have multiple driving citations. Drivers unfortunate enough to have flagrant tickets like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to legally drive.
  • Rates also based on gender – Over time, data shows females are less aggressive when driving. Now that doesn’t mean women are better drivers. They both have accidents in similar numbers, but the males have accidents that have higher claims. Men also tend to get ticketed for serious violations like DUI and reckless driving. Teenage male drivers generally have the highest accident percentage and therefore pay the highest rates.
  • How much liability insurance – Your insurance coverage policy’s liability coverage kicks in when a court rules you are at fault for personal injury or accident damage. Liability provides legal defense which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
  • Vocation impacts premiums – Jobs like real estate brokers, social workers and medical professionals are shown to have the highest rates because of intense work-related stress and incredibly demanding work hours. On the flip side, occupations such as farmers, engineers and homemakers have lower than average premiums on X3 insurance.
  • Better rates for no policy lapses – Allowing your coverage to lapse can be a quick way to trigger a rate increase. In addition to paying higher rates, the inability to provide proof of insurance could earn you a steep fine or even jail time.
  • Lower premiums by staying claim free – If you frequently file small claims, you should expect increased rates or even have your policy non-renewed. Car insurance companies generally give cheaper rates to insureds who only file infrequent claims. Insurance coverage is meant to be used in the event of more catestrophic claims.

Your insurance coverage should be tailored to you

When choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.

For example, these questions might point out whether you may require specific advice.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Should I buy only the required minimum liability coverage?
  • Is my BMW X3 covered if I use it for business?
  • Am I covered when pulling a rental trailer?
  • What is the minimum liability in my state?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Why do I only qualify for high-risk insurance?
  • Can my teen driver be rated on a liability-only vehicle?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and you can get the answers you need.

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

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Don’t be fooled by advertising claims

Drivers can’t ignore all the ads for car insurance savings from companies such as State Farm and Allstate. They all advertise claims that you can save if you change your car insurance policy to them.

That’s great but how can every company give you a lower rate? This is the way they can do it.

Most companies give the cheapest rates for the right customer that will most likely be profitable. A good example of a desirable risk could possibly be a married female, has a clear driving record, and chooses high deductibles. Any person who meets those qualifications receive the lowest rate quotes and as a result will probably cut their rates substantially.

People who cannot meet those criteria will probably have to pay higher rates and the prospect going elsewhere. The ads state “drivers who switch” not “everybody who quotes” save that kind of money. That’s why companies can make claims like that. This really emphasizes why you absolutely need to do a rate comparison at every renewal. It is just not possible to predict with any certainty which company will have the best prices at this point in time.

Auto insurance coverages and their meanings

Learning about specific coverages of auto insurance helps when choosing the best coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as rehabilitation expenses, prosthetic devices, funeral costs and chiropractic care. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2013 BMW X3.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Auto liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage pays for things like attorney fees, legal defense fees, structural damage and court costs. How much coverage you buy is your choice, but buy higher limits if possible.

Comprehensive coverage

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as damage from flooding, a broken windshield and damage from a tornado or hurricane. The most your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as sideswiping another vehicle, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

A penny saved is a penny earned

Consumers leave their current company for any number of reasons including policy cancellation, being labeled a high risk driver, questionable increases in premium and delays in responding to claim requests. Regardless of your reason for switching companies, choosing a new company can be easy and end up saving you some money.

We covered a lot of ways to get a better price on 2013 BMW X3 insurance. It’s most important to understand that the more companies you get prices for, the better likelihood of getting low cost insurance coverage. Consumers may even find the lowest priced car insurance comes from some of the smallest insurance companies.

As you shop your coverage around, it’s a bad idea to skimp on coverage in order to save money. There are too many instances where an insured dropped full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your objective should be to buy the best coverage you can find at an affordable rate while still protecting your assets.

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