How Much Does 2007 BMW X3 Car Insurance Cost?

Trying to find better insurance rates for your BMW X3? Trying to come up with a payment for high-priced insurance can take a big chunk out of your savings account and force you to make sacrifices. Comparing rates annually can be a smart way to make ends meet.

You have multiple insurers to choose from, and though it is a good thing to be able to choose, lots of choices makes it harder to find the lowest rates.

Insurance coverage discounts help slash rates

Some providers don’t necessarily list the entire discount list in an easy-to-find place, so below is a list a few of the more common as well as some of the hidden savings tricks you should be using when you buy insurance online.

  • Government Employees – Being employed by or retired from a federal job may qualify for a discount when you quote insurance on X3 coverage with select insurance companies.
  • Save with More Vehicles Insured – Buying coverage for more than one vehicle with the same insurance coverage company can get a discount for every vehicle.
  • Claim-Free Discount – Drivers with accident-free driving histories pay much less when compared to accident-prone drivers.
  • Military Deployment Discount – Being on active deployment in the military could mean lower rates.
  • Multi-line Discount – Insurance coverage companies who offer life insurance give a break if you buy some life insurance too.
  • Use Seat Belts – Drivers who require all occupants to buckle up can save 10% or more off PIP or medical payments premium.

Please keep in mind that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think all the discounts add up to a free policy, company stockholders wouldn’t be very happy. But any discount will bring down your policy premium.

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

Why you might pay higher rates

Lots of factors are part of the equation when you get a price on insurance. Some are pretty understandable like an MVR report, but other criteria are more transparent like your vehicle usage or your financial responsibility.

  • Costs are affected by your address – Choosing to live in less populated areas of the country is a positive aspect when trying to find low car insurance rates. Fewer drivers translates into fewer accidents in addition to lower liability claims Drivers in populated areas regularly have more traffic problems and more severe claims. Higher commute times can result in more accidents.
  • Car insurance lapses lead to higher rates – Driving without insurance is not a good idea and you will pay a penalty because you let your coverage cancel without a new policy in place. Not only will you pay higher rates, getting caught without coverage will get you fines or a revoked license.
  • Higher premiums for specific vocations – Do you work in a high-stress field? Occupational choices like doctorsairline pilots and miners generally have higher rates than the rest of us in part from high stress levels and long work days. On the flip side, jobs like actors, students and the unemployed pay the least on X3 coverage.
  • Cars with good safety ratings means cheaper insurance – Vehicles with high crash test scores can get you lower premiums. Highly rated vehicles help reduce the chance of injuries in an accident and any reduction in injury severity means less money paid by your insurance company and cheaper rates on your policy.
  • Your age impacts your prices – Older insureds are more responsible, statistically cause fewer accidents and receive fewer citations.Beginning drivers have been known to be easily distracted when at the wheel of a vehicle so car insurance rates are higher.
  • Deter theft and save – Purchasing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms all help prevent auto theft and help lower rates.
  • Prices increase with policy add-ons – Policies have extra bells and whistles you can purchase if you aren’t careful. Coverage for things like rental car reimbursement, death and dismemberment, and extra life insurance coverage are some examples. The coverages may be enticing when you first buy your policy, but now you might not need them so remove them and pocket the money.

Which is the best car insurance?

When it comes to buying adequate coverage, there really is not a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions might point out if you might need an agent’s assistance.

  • How can I find cheaper teen driver insurance?
  • Are my friends covered when driving my car?
  • If my pet gets injured in an accident are they covered?
  • Can I still get insurance after a DUI?
  • Does my insurance cover my expensive audio equipment?
  • Is extra glass coverage worth it?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does my medical payments coverage pay my health insurance deductible?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Auto insurance coverage breakdown

Learning about specific coverages of a auto insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages available from auto insurance companies.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like dental work, surgery, rehabilitation expenses, EMT expenses and pain medications. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Protection from uninsured/underinsured drivers

This provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2007 BMW X3.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive (Other than Collision)

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from flooding, fire damage and falling objects. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverages

This coverage can cover damages or injuries you inflict on other people or property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like medical services, emergency aid and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as sideswiping another vehicle, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

In any little way, save everyday

You just read many ways to lower your 2007 BMW X3 insurance car insurance rates. The most important thing to understand is the more times you quote, the better chance you’ll have of finding inexpensive insurance. Consumers may even find the lowest car insurance rates come from a small mutual company. Smaller companies often have lower premium rates on specific markets as compared to the big name companies such as Progressive and GEICO.

Budget-friendly insurance can be purchased from both online companies in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies may not provide online quoting and many times these regional insurance providers provide coverage only through local independent agents.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. Too many times, consumers will sacrifice full coverage only to regret that they should have had better coverage. Your goal should be to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

More detailed insurance information can be read in these articles:

Comments About 2007 BMW X3 Insurance

  1. Rebbecca Bowman

    I live in Rio Rancho, New Mexico. Got car insurance prices from Progressive, Erie, and Hartford for my BMW and I think I am saving around $20 each month. A clean driving record helps. They have free quotes online.

  2. Nathanial Leach

    Is Progressive cheap in Baltimore, MD?

  3. Alonso Shepard

    Why are claims settled so low?

  4. Latoyia Clemons

    Cheaper not always better. I live on the west side of Charlotte, NC. I quoted with State Farm, Auto-Owners, and Farmers for my X3 and saved $301 a year. Was with MetLife. Not sure about claim service.

  5. Tesha Robinson

    I’m in the west part of Concord, NH. Quoted with Western Auto Insurance, AIG Insurance, Liberty Mutual, and Mercury for my BMW and I’m now saving $33 a month.

  6. Stevie Vaughn

    What exactly does liability cover?

  7. Romelia Tran

    Great info, thanks for posting. Checking in from Huntington, WV. Checked online prices for a 2007 BMW X3. Ended up at about $110 savings annually. Went with Allstate. Was with Sentry. I get lower rates because of my clean driving record. They were helpful in switching over.

  8. Almeda Burt

    Live in the southern part of Detroit, MI. Received quotes from Allstate, Liberty Mutual, and Erie for my X3 and saved just over $490 a year. I get lower rates because of my clean driving record.

  9. Corina Mullen

    Like your site, BTW. Proud to be from Detroit, MI. Not sure of all the companies but I ended up saving about $50 each month. Left Hanover to switch. Wish I didn’t have to insure at all.

  10. Regine Lara

    Cheap is not always the best policy. I’m in the west part of Charleston, SC. Got quotes with Progressive, Auto-Owners, and Encompass for my X3 and saved $225 a year. Left American Family to switch. They were helpful in switching over.

  11. Shelli Maldonado

    Cheaper car insurance is a myth. I’m in the south part of Lewiston, ME. Went online for free insurance quotes for a 2007 BMW X3. Ended up at about $470 savings annually. Went with State Farm. Not sure if rates are cheaper online or not.

  12. Lasandra Reynolds

    Mine is so expensive. Quoted with MetLife for my BMW and saved around $300 a year. They have a lot of discounts available. They have free quotes online.

  13. Violet Meyers

    Not sure what I should be paying. Found cheapest coverage with Encompass for my BMW and saved around $300 a year. Thankfully I have a good driving record. I just quoted rates online.

  14. Kelley Fletcher

    When do I drop full coverage?

  15. Shaunta Williamson

    In Mesa, AZ, Allstate is a good choice. I get multi-vehicle and multi-policy discounts.