Cheap 2016 BMW X3 Car Insurance Quotes

Trying to find the cheapest insurance for a BMW X3 can be difficult, but you can learn the following methods to find lower rates. There are both good and bad ways to compare auto insurance rates and you need to know the absolute fastest way to price shop coverage on a BMW and obtain the lowest possible price either online or from local insurance agents.

Finding affordable coverage is easy if you know what you’re doing. If you are insured now or are shopping for new coverage, you can use this information to find better prices while maintaining coverages. Drivers just need to understand the proper methods to shop for car insurance online.

Cheap insurance coverage

Performing a rate comparison can be a daunting task if you don’t know the fastest way to get free quotes. You can spend countless hours discussing policy coverages with insurance companies in your area, or you could use the web to maximize your effort.

The majority of car insurance companies belong to a marketplace where prospective buyers enter their coverage request one time, and each company provides a quote based on that data. This prevents consumers from doing quotation requests to each individual insurance coverage company.

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

The only drawback to using this type of system is you are unable to specify the insurers to get quotes from. So if you prefer to choose specific insurance companies to request quotes from, we put together a list of low cost insurance coverage companies in your area. Click here to view list.

Compare rates however you want, just make sure you use the same deductibles and coverage limits for each price quote. If the quotes have different coverage information you will not be able to make an equal comparison.

Discounts for cheaper insurance coverage rates

Auto insurance companies don’t list all possible discounts in a way that’s easy to find, so we break down some of the best known as well as the least known insurance coverage savings.

  • Anti-lock Brake Discount – Cars, trucks, and SUVs with ABS braking systems or traction control prevent accidents and qualify for as much as a 10% discount.
  • Onboard Data Collection – Drivers who agree to allow their company to track where and when they drive by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they show good driving skills.
  • Auto/Home Discount – If you can bundle your auto and homeowners insurance and insure them with the same company you may save at least 10% off all policies.
  • Online Discount – Some larger companies will discount your bill up to fifty bucks just for signing your application on your computer.
  • Theft Prevention Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Student Discounts – Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Membership in Organizations – Participating in a professional or civic organization may earn a discount when getting a auto insurance quote.
  • Save over 55 – If you’re over the age of 55, you may receive lower premium rates for X3 coverage.
  • Military Rewards – Having a family member in the military could trigger a small discount.
  • Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in high school.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though the math looks like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. Any amount of discount will help reduce your policy premiums.

The best insurance coverage companies and some of their more popular discounts can be found below.

  • State Farm policyholders can earn discounts including accident-free, good student, Steer Clear safe driver discount, multiple policy, and passive restraint.
  • Farmers Insurance may offer discounts for bundle discounts, good student, early shopping, distant student, and pay in full.
  • GEICO includes discounts for driver training, air bags, anti-lock brakes, multi-policy, and seat belt use.
  • American Family discounts include mySafetyValet, TimeAway discount, defensive driver, good driver, and multi-vehicle.
  • Nationwide has savings for defensive driving, family plan, accident-free, easy pay, anti-theft, and business or organization.
  • Progressive may include discounts for online signing, continuous coverage, homeowner, multi-vehicle, good student, online quote discount, and multi-policy.

If you are trying to find inexpensive auto insurance quotes, ask each company which discounts you may be entitled to. Some discounts listed above might not be available to policyholders in your area. To locate companies that have a full spectrum of discounts, click here to view.

You may need specialized insurance coverage

When buying the best insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different.

These are some specific questions can aid in determining whether your personal situation could use an agent’s help.

  • Should I sign the liability waiver when renting a car?
  • When should my teen driver be added to my policy?
  • Is extra glass coverage worth it?
  • Am I covered when using my vehicle for business?
  • Should I bundle my homeowners policy with my auto?
  • Does insurance cover tools stolen from my truck?
  • How much liability coverage do I need in my state?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and you can get the answers you need.

Parts of your insurance policy

Having a good grasp of a insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Collision – Collision insurance pays for damage to your X3 from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, sustaining damage from a pot hole and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Insurance for medical payments – Med pay and PIP coverage pay for immediate expenses for things like hospital visits, nursing services and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your BMW X3.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a bird and damage from flooding. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability coverages – This provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for things such as court costs, legal defense fees, attorney fees and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Shop around and save

As you prepare to switch companies, never reduce coverage to reduce premium. Too many times, someone dropped comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.

We covered many ideas to reduce 2016 BMW X3 insurance rates online. It’s most important to understand that the more rate quotes you have, the better your comparison will be. Drivers may discover the lowest rates come from some of the lesser-known companies.

Drivers leave their current company for many reasons like denial of a claim, extreme rates for teen drivers, high prices and even an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.

Additional articles

Comments About 2016 BMW X3 Insurance

  1. Ammie Petty

    I went with Progressive at renewal. Best rates in Bismarck, ND. Insured with Liberty Mutual before.

  2. Mario Macias

    I found pretty cheap rate quotes for a 2016 BMW X3 in Louisville, Kentucky. Ended up at right around $160 every six months with Amica. Left AIG Insurance to switch.

  3. Mario Faulkner

    Any Progressive or Esurance customers near Honolulu, HI?

  4. Quiana Nunez

    Anyone know of any company in San Antonio, TX that will insure high risk drivers?

  5. Trudie Hatfield

    Allstate was cheapest for my 2016 BMW X3 in North Charleston, South Carolina.

  6. Kerrie George

    Thanks for putting this site together. Proud to be from Buffalo, NY. Quoted prices from MetLife, Erie, 21st Century, and Auto-Owners for my X3 and saved just over $140 a year. I got prices on the web.

  7. Juan Summers

    Just a quick comment on my experience. I’m from Missoula, MT. Got quotes with Safeco, Eastwood, GEICO, and American Family for my 2016 BMW X3 and I think I saved about $50 each month.

  8. Ivan Mathis

    2016 BMW X3 + State Farm = GOOD RATES!

  9. Velvet Neal

    I live in Kansas City, Missouri. Can’t remember who all I quoted but I ended up saving about $50 each month. Have an at-fault accident tho. Did it all online.

  10. Alysa Mills

    Cheap is relative. From a town just southwest of Cincinnati, OH. Got free quotes online for a 2016 BMW X3. Ended up at about $390 savings annually. Went with GEICO.

  11. Raguel Alston

    Cheaper not always better. Lifelong resident of Cranston, Rhode Island. I got free prices from Allstate, GMAC, and Encompass for my 2016 BMW X3 and saved around $120 a year. Insured with GEICO before.

  12. Trey Burke

    Well-written and thought out article. I’m in the west part of Mesa, AZ. I got free prices from AAA, Eastwood, and Sentry for my X3 and am saving around $320 a year. Good multi-policy discounts. I recommend comparing lots of rates.