2014 BMW X3 Insurance Rates

Are you a victim of an overpriced auto insurance policy? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out. Insurance companies such as State Farm, GEICO and Farmers Insurance increase brand awareness with catchy ads and it is difficult to ignore the promise of big savings and find the best price available.

Vehicle Insurance Comparison

Performing a rate comparison can be a lot of work if you don’t utilize the fastest way to get free quotes. You could spend the better part of a day talking about coverages with insurance companies in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Most major companies belong to a marketplace where insurance shoppers submit one quote, and at least one company provides a quote determined by their information. This system prevents you from having to do form submissions to every company.

To access this free quoting program, click here to start a free quote.

The single downside to using this type of system is you can’t choose which carriers you want to price. If you wish to select from a list of companies to request quotes from, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

Whichever way you use, compare exactly the same coverages on every quote you get. If you are comparing unequal deductibles or liability limits you can’t possibly determine which rate is truly the best.

Discounts are great for lower rates

Insuring your fleet can be pricey, but you may find discounts that can drop the cost substantially. A few discounts will automatically apply when you quote, but a few must be asked about before you get the savings. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • College Student – Kids in college who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Service Members Pay Less – Having a deployed family member could mean lower rates.
  • Multiple Cars – Having all your vehicles with the same company could earn a price break for each car.
  • Safety Course Discount – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.

It’s important to note that most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. So when the math indicates you could get a free insurance policy, you’re out of luck. But all discounts will reduce your overall premium however.

Companies that possibly offer these benefits may include but are not limited to:

Check with each company which discounts they offer. Savings might not apply in your state.

You may need specialized coverage

When it comes to choosing the right insurance coverage, there really is no cookie cutter policy. Every insured’s situation is different and your policy should reflect that. For instance, these questions could help you determine if your insurance needs would benefit from professional advice.

  • What is covered by UM/UIM coverage?
  • What happens if I owe more than my 2014 BMW X3 is worth?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Are rock chip repairs covered?
  • Am I covered if I drive in a foreign country?
  • Am I covered if I crash into my own garage door?
  • Is business equipment covered while in my vehicle?
  • Am I insured when driving a different vehicle?
  • Am I covered when delivering products for my home-based business?
  • What are the financial responsibility laws in my state?

If you don’t know the answers to these questions then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance coverage information

Knowing the specifics of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages available from auto insurance companies.

Coverage for liability – Liability insurance protects you from damage or injury you incur to a person or their property that is your fault. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair bills for other people’s vehicles, repair costs for stationary objects and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your BMW X3.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision coverages – Collision insurance covers damage to your X3 resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with a tree, hitting a mailbox, driving through your garage door and crashing into a ditch. This coverage can be expensive, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Coverage for medical payments – Med pay and PIP coverage provide coverage for immediate expenses such as chiropractic care, funeral costs, nursing services, ambulance fees and doctor visits. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hail damage, hitting a bird and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.