Finding cheaper insurance for a BMW X3 in Texas can be an all-consuming task, but you can follow our insurance buying tips and make it easy.
There is a right way and a wrong way to find insurance online and we'll show you the absolute fastest way to quote coverages for your BMW and get the lowest price.
You should make it a habit to get comparison quotes before your next renewal because insurance prices are rarely the same from one policy term to another. Even if you got the best deal on BMW X3 insurance in Houston on your last policy other companies may now be cheaper. There is a lot of bad advice regarding X3 insurance online, but in a few minutes you can learn some great ideas on how to find cheap insurance in Houston.
Six Tips to Get Cheap Houston Insurance Costs
Many things are used when quoting car insurance. Some factors are common sense such as traffic violations, but other factors are more obscure such as whether you are married or how financially stable you are. Consumers need to have an understanding of a few of the rating criteria that help calculate the price you pay for car insurance. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that can earn you lower rates.
The itemized list below are a few of the "ingredients" used by insurance companies to determine rates.
Tickets can increase prices - Getting just one moving violation could increase your next policy renewal to the point where it's not affordable. Careful drivers receive lower rates compared to bad drivers. Drivers who have gotten license-revoking violations like DUI, reckless driving or excessive speeding are required to prove financial responsibility with their state's department of motor vehicles in order to prevent their license from being revoked.
Save by staying claim free - If you frequently file small claims, don't be surprised to see higher premiums or even policy non-renewal. Auto insurance companies in Texas give the best rates to people that do not abuse their auto insurance. Your car insurance is intended for the bigger claims that can't be paid out-of-pocket.
How old are your drivers? - Teen drivers in Texas have been known to be careless and easily distracted behind the wheel so they pay higher car insurance rates. If you've ever had to add a young driver to your car insurance policy can break the bank. More experienced drivers are shown to be more cautious, tend to file fewer claims, and tend to be get fewer driving tickets.
Poor credit can mean higher premiums - A driver's credit rating can be an important factor in calculating your premium rate. So if your credit score could use some work, you could potentially save money when insuring your BMW X3 by taking the time to improve your credit score. Insureds that have high credit scores tend to be more responsible and file fewer claims than drivers who have lower ratings.
Bundle policies to earn discounts - Most car insurance companies provide better rates to clients that buy multiple policies in the form of a multi-policy discount. Even with this discount, drivers will still want to compare other Houston X3 insurance rates to help guarantee you have the best rates.
Eliminate unneeded add-on coverages - Insurance companies have many additional coverages that you can buy if you aren't diligent. Coverages like personal injury protection, accident forgiveness, and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you've never needed them in the past eliminate the coverages to reduce your premium.
Insurance losses for a BMW X3 - Insurers use statistical claims data to help determine rates. Models that statistically have high amounts or severity of claims will have higher rates for specific coverages.
The information below illustrates the insurance loss data for BMW X3 vehicles. For each insurance policy coverage type, the loss probablilty for all vehicles as a whole equals 100. Values below 100 indicate better than average losses, while numbers above 100 show a trend for more claims or an increased likelihood of larger losses.
BMW X3 Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|BMW X3 4dr 2WD||122||99|
|BMW X3 4dr 4WD||109||93||117||69||64||76|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
The following companies have been selected to offer free rate quotes in Houston, TX. If you want cheaper car insurance in Houston, we suggest you visit two to three different companies to get the cheapest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|X3 3.0I xDrive AWD 4-Dr||$400||$788||$388||$24||$116||$1,716||$143|
|Get Your Own Custom Quote Go|
Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Information does not factor in vehicle location which can increase or decrease rates considerably.
Rate difference between full and liability-only coverage
The illustration below shows the difference between BMW X3 auto insurance costs when comparing full coverage to state minimum liability only. Data assumes a clean driving record, no claims, $500 deductibles, single female driver, and no discounts are taken into consideration.
Are you wasting money on full coverage?
There is no set rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
For example, let's say your BMW X3 replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If you are paying more than $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where only buying liability is not recommended. If you haven't satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Ads can be misleading
Texas drivers can't get away from ads that claim the cheapest prices by State Farm and Allstate. All the companies advertise the message about savings if you get a free Houston car insurance quote and switch your policy.
How is it plausible that every one can charge you less for car insurance? Here is how they do it.
Insurance companies have a preferred profile for the type of driver that will be a good risk. An example of this type of driver may need to be over the age of 50, has no claims, and drives a car with an anti-theft system. A customer getting a price quote that fits those parameters will qualify for the lowest car insurance rates in Houston as well as cut their rates substantially.
People who fall short of the requirements will see higher rates and this can result in the customer not buying. The ads say "customers that switch" not "everyone who quotes" save money. That's why companies can truthfully make it sound like they have such great car insurance rates.
Because of this risk profiling, you should quote coverage with many companies. It is impossible to guess which auto insurance company will have the lowest rate quotes.
Choosing vehicle insurance is an important decision
Despite the potentially high cost of BMW X3 insurance, insuring your vehicle is required in Texas but it also protects you in many ways.
First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your car, it's guaranteed your bank will force you to buy insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank will be required to insure your BMW for a lot more money and force you to reimburse them the higher premium.
Third, auto insurance protects both your assets and your vehicle. It will also reimburse you for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having auto insurance more than offset the price you pay, particularly when you have a large claim. The average driver in Texas overpays as much as $825 a year so shop around at every policy renewal to help ensure money is not being wasted.
BMW X3 insurance discounts in Houston
Insurance can cost an arm and a leg, but there's a good chance there are discounts that can drop the cost substantially. Some discounts apply automatically when you quote, but some discounts are required to be manually applied prior to getting the savings.
- Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes can reduce accidents so you can save 10 percent or more.
- Theft Deterrent Discount - Vehicles equipped with anti-theft or alarm systems have a lower chance of being stolen and can earn a small discount on your policy.
- Discounts for Federal Employees - Employees or retirees of the government could qualify for a slight premium decrease depending on your auto insurance provider.
- Telematics Devices - Drivers who elect to allow companies to monitor driving patterns by using a telematics device in their vehicle like In-Drive from State Farm and Progressive's Snapshot might get better premium rates as long as the data is positive.
- Multi-line Discount - Select insurance companies reward you with lower prices if you buy some life insurance in addition to your auto policy.
- Smart Student Discounts - Performing well in school can get you a discount of up to 25%. The good student discount can last up to age 25.
- Discount for Home Ownership - Owning your own home or condo can save a few bucks because maintaining a house means you have a higher level of financial diligence.
You should keep in mind that most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, you won't be that lucky.
A few popular companies and a partial list of their discounts are shown below.
- Progressive may offer discounts for good student, continuous coverage, multi-policy, homeowner, online quote discount, and online signing.
- GEICO policyholders can earn discounts including multi-vehicle, federal employee, driver training, defensive driver, and five-year accident-free.
- State Farm offers discounts for multiple autos, multiple policy, Drive Safe & Save, defensive driving training, anti-theft, accident-free, and safe vehicle.
- Esurance may include discounts for online quote, emergency road assistance, safety device, anti-theft, anti-lock brakes, defensive driver, and good student.
- The Hartford discounts include vehicle fuel type, driver training, defensive driver, good student, air bag, bundle, and anti-theft.
When quoting, ask all companies you are considering what discounts are available to you. Some discounts listed above may not be offered in Houston. If you would like to choose from a list of providers that offer some of these discounts in Houston, click here.
Car insurance quotes from local Houston insurance agents
Many drivers just want to sit down and talk to an agent and that can be a great decision Professional insurance agents can make sure you are properly covered and help in the event of a claim. The best thing about comparing insurance prices online is that you can find cheaper auto insurance rates and also buy local. Buying insurance from local agencies is definitely important in Houston.
To help locate an agent, after submitting this form (opens in new window), your insurance data is emailed to local insurance agents who want to provide quotes for your business. It's much easier because you don't need to contact an agency due to the fact that quote results will go to your email. In the event you want to get a price quote from a specific company, feel free to find their quoting web page and complete a quote there.
Below are Houston car insurance companies that may be willing to give comparison quotes for BMW X3 insurance in Houston.
- Town and Country Insurance Agency - Houston, TX
10575 Katy Fwy # 150 - Houston, TX 77024 - (713) 461-8979 - View Map
- Hispano's Insurance Agency
5420 Chimney Rock Rd - Houston, TX 77081 - (832) 778-8600 - View Map
- Craig Insurance Agency
1020 Bay Area Blvd # 100 - Houston, TX 77058 - (281) 488-2733 - View Map
- Brandon Herndon - State Farm Insurance Agent
10103 Fondren Rd #150 - Houston, TX 77096 - (832) 431-4222 - View Map
Choosing an company should depend on more than just the price. Here are some questions you might want to ask.
- Do they get extra compensation for selling add-on coverages?
- Will they give you a referral list?
- Are there any discounts for paying up front?
- Do they have any clout with companies to ensure a fair claim settlement?
- Are claims handled at the agent's location?
More comparisons equals affordable rates
Insureds who switch companies do it for many reasons like extreme rates for teen drivers, not issuing a premium refund, lack of trust in their agent and policy non-renewal. Regardless of your reason for switching companies, finding a new auto insurance company is not as difficult as it may seem.
As you go through the steps to switch your coverage, make sure you don't skimp on coverage in order to save money. There are too many instances where consumers will sacrifice physical damage coverage to discover at claim time that they should have had better coverage. Your strategy should be to get the best coverage possible for the lowest cost while still protecting your assets.
Cheap BMW X3 insurance in Houston is possible online and with local Houston insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance providers do not provide rate quotes online and most of the time these smaller providers work with independent agencies.
Additional detailed information is located in these articles:
- All About Airbag Safety (State Farm)
- Who Has Affordable Auto Insurance Quotes for Real Estate Agents in Texas? (FAQ)
- Who Has Cheap Texas Car Insurance for High Risk Drivers? (FAQ)
- Who Has Cheap Texas Auto Insurance for Felons? (FAQ)
- What is the Best Cheap Car Insurance in McKinney, TX? (FAQ)
- How Much is Car Insurance for a GMC Sierra in Texas? (FAQ)
- Who Has Cheap Car Insurance for a 20 Year Old Female in Texas? (FAQ)
- Who Has Affordable Auto Insurance Rates for 16 Year Olds in Texas? (FAQ)
- Who Has Cheap Auto Insurance Rates for Teenage Females in Texas? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Help Your Teen Be a Better Driver (State Farm)