Cheap 2020 BMW X3 Car Insurance Quotes in 2024

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Jeffrey Johnson

Insurance Lawyer

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...

Insurance Lawyer

UPDATED: May 31, 2024

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I can’t think of anyone who likes paying for auto insurance, especially when they know they are paying too much. Big companies like State Farm, Allstate, GEICO and Progressive continually hit you with advertising and consumers find it hard to see past the corporate glitz and take the time to shop coverage around.

Discounts for lower-cost auto insurance quotes

Auto insurance is not inexpensive, but you may qualify for discounts that you may not even know about. Many of these discounts will be applied automatically when you quote, but some discounts are required to be asked for before they will apply. If they aren’t giving you every credit available, you are throwing money away.

  • Homeowners Discount – Being a homeowner can save you money because of the fact that having a home demonstrates responsibility.
  • Accident-Free Discounts – Drivers who don’t have accidents can save substantially in comparison with accident-prone drivers.
  • Senior Citizens – If you qualify as a senior citizen, you can get lower premium rates for X3 coverage.
  • Discount for New Cars – Insuring a new car can save up to 30% compared to insuring an older model.
  • Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy some life insurance in addition to your auto policy.
  • Military Discounts – Having a deployed family member may qualify for rate reductions.
  • Drivers Education – Cut your cost by having your teen driver participate in a local driver’s education class in school or through a local driver safety program.
  • Professional Memberships – Belonging to qualifying employment or professional organizations is a good way to get lower rates on your next auto insurance statement.

Policy discounts save money, but some credits don’t apply to all coverage premiums. Most only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

Companies that may offer quotes with these benefits include:

  • Progressive
  • State Farm
  • Esurance
  • The Hartford

When getting free insurance quotes, it’s a good idea to every prospective company the best way to save money. Discounts may not be offered in every state. To see providers that provide some of the discounts listed above, enter your zip code here.

The most recommended method to get rate comparisons is to realize all the major auto insurance companies participate in a system to compare rate quotes. All consumers are required to do is provide details including which vehicles you own, your job, daily mileage, and your general credit rating. That information is instantly provided to multiple companies and they return cost estimate within a short period of time.

How you can control BMW X3 insurance premiums

Lots of factors are used when quoting car insurance. Some factors are common sense like your driving record, although others are not as apparent like where you live and annual miles driven. Smart consumers have a good feel for the rating factors that play a part in calculating the rates you pay for insurance. When you understand what determines premiums, this allows you to make good choices that may result in lower premium levels.

  • Be proud to be claim-free – Auto insurance companies give cheaper rates to drivers who do not file claims often. If you’re an insured who likes to file claims you can look forward to higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
  • Never allow your coverage to lapse – Driving any period of time without insurance is a misdemeanor and any future policy may cost more because you let your insurance lapse for non-payment. And not only will your rates increase, getting caught without coverage could earn you fines or a revoked license.
  • Safer cars cost less to insure – Vehicles with good safety scores cost less to insure. Vehicles engineered for safety reduce injuries and better occupant protection means less claims paid which can result in lower premiums.
  • Gender impacts rates – Statistics show that females tend to be a little less risky than males. Now that doesn’t mean men are worse drivers. Both genders have at-fault accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Men also get higher numbers of serious violations such as DWI and reckless driving.
  • Where you call home plays a part – Residing in less populated areas of the country is a positive aspect when buying insurance. Fewer people means a lower chance of having an accident and lower theft and vandalism rates. Urban drivers have more traffic problems and much longer commute distances. More time commuting means higher likelihood of an accident.

You may need specialized car insurance coverage

When it comes to choosing adequate coverage, there isn’t really a one size fits all plan. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that might help in determining whether you may require specific advice.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • What is the minimum liability in my state?
  • What is roadside assistance coverage?
  • Can I still get insurance after a DUI?
  • Is my dog or cat covered if injured in an accident?
  • When should I drop full coverage on my 2020 BMW X3?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, fill out your zip code. It’s fast, free and may give you better protection.

The coverage is in the details

Understanding the coverages of your insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are typical coverage types offered by insurance companies.

Collision coverage – Collision insurance pays for damage to your X3 resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as crashing into a ditch, sustaining damage from a pot hole and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to bring the cost down.

Liability – Liability coverage can cover damage that occurs to a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

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 values of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged property. Some companies may use a combined limit which combines the three limits into one amount without having the split limit caps.

Liability insurance covers claims like funeral expenses, medical expenses, court costs and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your BMW X3.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Most of the time these coverages are set the same as your liability limits.

Medical expense insurance – Coverage for medical payments and/or PIP pay for immediate expenses for doctor visits, hospital visits and chiropractic care. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision) – This pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, damage from getting keyed and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Best coverage at the best price

Budget-conscious 2020 BMW X3 insurance can be sourced online and from local agencies, so you should be comparing quotes from both to have the best selection. Some insurance providers don’t offer online price quotes and most of the time these small, regional companies prefer to sell through independent insurance agencies.

When getting insurance quotes online, make sure you don’t buy less coverage just to save a little money. There are too many instances where someone dropped physical damage coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.

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