2010 BMW X3 Car Insurance Cost – 6 Ways to Save

Looking for cheaper insurance rates for your BMW X3? Finding cheaper insurance for your BMW X3 can be a painful process, but you can learn a few tricks to make it easier. There are both good and bad ways to shop for insurance and we’ll show you the proper way to quote coverages for a new or used BMW and find the lowest price either online or from local insurance agents.

It is always a good idea to compare prices on a regular basis due to the fact that insurance prices go up and down regularly. Even if you think you had the best price for X3 insurance a few years ago you will most likely find a better rate quote today. Forget anything you know (or think you know) about insurance because you’re going to get a crash course in the right way to lower your annual insurance bill.

Cheap car insurance rates with discounts

Companies don’t list the entire discount list very clearly, so the following is a list of both the well known and also the lesser-known discounts that may be available.

  • Braking Control Discount – Cars with ABS and/or traction control are safer to drive and qualify for as much as a 10% discount.
  • Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems could see savings of 20% or more.
  • Lower Rates for Military – Having an actively deployed family member may qualify for rate reductions.
  • Home Ownership Discount – Just being a homeowner can help you save on car insurance since owning and maintaining a home means you have a higher level of financial diligence.
  • No Charge for an Accident – Not necessarily a discount, but certain companies may permit one accident before they charge you more for coverage if you have no claims before the accident.
  • No Accidents – Claim-free drivers can earn big discounts as compared to policyholders that have many claims.

It’s important to understand that many deductions do not apply to your bottom line cost. The majority will only reduce specific coverage prices like liability and collision coverage. So even though it sounds like you can get free auto insurance, company stockholders wouldn’t be very happy. But any discount should help reduce your premiums.

A few of the larger companies and some of the discounts are:

  • Travelers offers discounts including home ownership, new car, save driver, driver training, multi-policy, early quote, and good student.
  • 21st Century offers discounts for air bags, student driver, driver training, anti-lock brakes, theft prevention, early bird, and automatic seat belts.
  • State Farm has savings for defensive driving training, Steer Clear safe driver discount, safe vehicle, multiple autos, Drive Safe & Save, and accident-free.
  • Geico offers premium reductions for federal employee, emergency military deployment, seat belt use, anti-theft, anti-lock brakes, and air bags.
  • SAFECO includes discounts for safe driver, homeowner, accident prevention training, teen safety rewards, anti-lock brakes, teen safe driver, and multi-car.
  • AAA may offer discounts for multi-policy, education and occupation, multi-car, pay-in-full, good driver, AAA membership discount, and anti-theft.

If you want cheaper auto insurance quotes, ask each company or agent how many discounts you can get. Some credits might not apply in your area.

Tailor your car insurance coverage to you

When it comes to buying coverage, there really is not a best way to insure your cars. Everyone’s needs are different.

For instance, these questions may help you determine if you might need professional guidance.

  • Can I rate high risk drivers on liability-only vehicles?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I sign the liability waiver when renting a car?
  • Am I covered when pulling a rental trailer?
  • Should I have combined single limit or split liability limits?
  • What if I owe more than I can insure my car for?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Specific coverages for a 2010 BMW X3

Understanding the coverages of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for bills for nursing services, ambulance fees, hospital visits and dental work. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as colliding with a tree, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your BMW X3.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive protection – This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as theft, hitting a bird, vandalism, a tree branch falling on your vehicle and a broken windshield. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverage – Liability coverage can cover damage that occurs to people or other property by causing an accident. 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 values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like emergency aid, repair costs for stationary objects, pain and suffering, court costs and structural damage. How much coverage you buy is your choice, but you should buy as much as you can afford.

Feed the piggy bank

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where an insured dropped comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage at the lowest possible cost while not skimping on critical coverages.

Consumers change insurance companies for many reasons like lack of trust in their agent, not issuing a premium refund, policy cancellation or even delays in paying claims. Regardless of your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

We just showed you a lot of techniques to reduce 2010 BMW X3 insurance premium rates online. The key concept to understand is the more providers you compare, the better likelihood of getting cheaper auto insurance. You may even find the most savings is with a lesser-known regional company.

Additional information can be found at the links below