Compare 2006 BMW X3 Car Insurance Quotes

Are you overwhelmed by the crazy number of auto insurance choices? Many other drivers are as well. There are so many choices that it can easily become a lot of work to find lower rates.

Free Insurance Coverage Quotes

To find the best insurance coverage prices, there are several ways to get quotes from insurance coverage companies in your area. The easiest way by far to find competitive 2006 BMW X3 insurance rates consists of shopping online. This is very easy and can be done in several different ways.

  1. The single most time-saving way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This type of form prevents you from having to do separate forms for every insurance coverage company. Just one form compares rates from insurance coverage companies with the best prices. Recommended for those who want to invest the least amount of time.
  2. A more time consuming way to compare rate quotes is to manually visit the website of each company and complete a new quote form. For instance, let’s say you want to compare rates from Farmers, Geico and Allstate. To get rate quotes you would need to go to every website to input your insurance information, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient method to get comparison rates is to spend time driving to insurance agents’ offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the trained guidance that only a license agent can provide. Drivers can obtain prices from the web but buy from a local insurance agent and we’ll cover that in a bit.

It’s up to you which method you use, but double check that you are using the exact same coverage limits with every price quote. If each company quotes different liability limits it will be next to impossible to determine the best price for your BMW X3. Slightly different insurance coverages can mean a large discrepancy in price. And when comparison shopping, quoting more provides better odds of finding the best price.

BMW X3 insurance premiums are calculated by many factors

An important part of buying insurance is that you know the factors that help determine the price you pay for car insurance. Understanding what controls the rates you pay empowers consumers to make smart changes that could result in better car insurance rates.

The following are some of the factors used by your company to calculate premiums.

  • Your car’s features help determine rates – Driving a car with a theft deterrent system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • Better crash test results mean better rates – Vehicles with high crash test scores tend to have better insurance rates. Safer cars have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your BMW earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Proper usage rating affects rates – The more miles you rack up on your BMW in a year the higher your rates will be. The majority of insurers price each vehicle’s coverage determined by how the vehicle is used. Vehicles not used for work or commuting receive lower rates than those used for commuting. Improper usage on your X3 may be costing you. Ask your agent if your car insurance policy shows how each vehicle is driven, because improper ratings can cost you money.
  • Liability coverage is cheap – Liability insurance is the coverage that protects you when you are found liable for damages from an accident. Liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.
  • Sex matters – Statistics have proven women are more cautious behind the wheel. However, don’t assume that men are worse drivers. They both cause accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations such as reckless driving.

These discounts can lower your rates

Companies that sell car insurance don’t list every available discount very well, so we took the time to find both the well known and also the lesser-known discounts you could be receiving.

  • Defensive Driver – Taking part in a defensive driving course can save you 5% or more if your company offers it.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% for X3 insurance with select insurance companies.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
  • Good Student – This discount can earn a discount of 20% or more. This discount can apply up until you turn 25.
  • Club Memberships – Affiliation with certain professional organizations is a good way to get lower rates when shopping for insurance for X3 insurance.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts as compared to drivers who are more careless.

It’s important to note that some credits don’t apply to your bottom line cost. Most only apply to individual premiums such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, you won’t be that lucky.

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

Double check with every prospective company which discounts you may be entitled to. Some discounts may not apply in every state.

Different people need different coverages

When buying the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

For example, these questions might help in determining if your insurance needs would benefit from professional advice.

  • Is motorclub coverage worth it?
  • Is extra glass coverage worth it?
  • Is my camper covered by my car insurance policy?
  • Am I covered if I crash into my own garage door?
  • How much underlying liability do I need for an umbrella policy?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my car insurance cover rental cars?
  • Am I insured when driving a different vehicle?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form.

Auto insurance policy specifics

Learning about specific coverages of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement.

Collision insurance

Collision coverage covers damage to your X3 caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like colliding with a tree, hitting a parking meter, scraping a guard rail, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive auto insurance

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as theft, damage from a tornado or hurricane and fire damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverages

Liability insurance will cover damages or injuries you inflict on people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for things such as structural damage, pain and suffering, bail bonds, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for expenses for things like EMT expenses, funeral costs, surgery and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

This coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your BMW X3.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Shop smart and save

People who switch companies do it for many reasons like questionable increases in premium, being labeled a high risk driver, policy cancellation and even an unsatisfactory settlement offer. Regardless of your reason for switching companies, choosing a new company can be easy and end up saving you some money.

When you buy insurance online, make sure you don’t buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed physical damage coverage and discovered at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best price, not the least amount of coverage.

We just showed you a lot of ways to reduce 2006 BMW X3 insurance prices online. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers could even find that the biggest savings come from some of the smallest insurance companies.

Additional resources