Best BMW X3 Auto Insurance in 2024 (Your Guide to the Top 10 Companies)
State Farm, Progressive, and Geico offer the best BMW X3 auto insurance with rates at $24/month. State Farm is the top overall pick, Progressive excels in online convenience, and Geico is known for the cheapest rates. Compare these leading providers to secure affordable and reliable coverage for your BMW X3.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
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UPDATED: Oct 21, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 21, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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17,760 reviewsCompany Facts
Full Coverage for BMW X3
A.M. Best Rating
Complaint Level
Pros & Cons
17,760 reviews
13,128 reviewsCompany Facts
Full Coverage for BMW X3
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
19,116 reviewsCompany Facts
Full Coverage for BMW X3
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviewsThe top picks overall for the best BMW X3 auto insurance are State Farm, Progressive, and Geico, offering comprehensive coverage at competitive rates around $24/month. State Farm stands out as the top overall choice for its reliable coverage and discounts for safe driving.
Progressive excels in online convenience, making it easy to manage policies and file claims. Geico is known for providing the cheapest rates without compromising on quality. Check out our guide “Geico Auto Insurance Discounts.”
Our Top 10 Company Picks: Best BMW X3 Auto Insurance
| Company | Rank | Multi-Vehicle Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 10% | B | Many Discounts | State Farm |
 | #2 | 15% | A+ | Online Convenience | Progressive |
 | #3 | 10% | A++ | Cheap Rates | Geico |
 | #4 | 13% | A+ | Add-on Coverages | Allstate |
 | #5 | 15% | A++ | Military Savings | USAA |
 | #6 | 10% | A | Student Savings | American Family |
 | #7 | 15% | A+ | Usage Discount | Nationwide |
 | #8 | 10% | A | Customizable Polices | Liberty Mutual |
 | #9 | 10% | A | Local Agents | Farmers |
 | #10 | 17% | A++ | Accident Forgiveness | Travelers |
BMW X3 insurance rates cost more than the average vehicle, but good drivers are eligible for a policy discounts by practicing safe driving habits. Let’s look at BMW X3 insurance rates, safety ratings, and more.
If you’re just looking for coverage to drive legally, enter your ZIP code above to compare cheap auto insurance quotes near you.
- State Farm is the top pick for the best BMW X3 auto insurance
- BMW X3 insurance rates vary based on driver age, location, and vehicle model year
- Safety features in the BMW X3 contribute to lower insurance premiums
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#1 – State Farm: Top Overall Pick
Pros
- Many Discounts: State Farm offers numerous discounts, which can significantly lower the insurance costs for the BMW X3.
- Low Monthly Rates: State Farm auto insurance review provides competitive monthly rates at $31 for the BMW X3 with minimum coverage.
- Bundling Policies: State Farm auto insurance provides significant discounts for bundling multiple insurance policies, enhancing savings for BMW X3 owners.
Cons
- Limited Multi-Policy Discount: The multi-policy discount from State Farm is not as high compared to some competitors for the BMW X3.
- Premium Costs: Despite discounts, State Farm’s premiums might still be relatively higher for certain coverage levels, potentially affecting BMW X3 owners.
#2 – Progressive: Best for Online Convenience
Pros
- Online Convenience: Progressive offers an excellent online platform for managing BMW X3 insurance policies, making it easy for users.
- Multi-Vehicle Discount: Progressive auto insurance review provides a 15% multi-vehicle discount, beneficial for BMW X3 owners with multiple cars.
- Customizable Policies: Progressive allows for highly customizable policies, ensuring BMW X3 owners get exactly the coverage they need.
Cons
- Claims Process: Some customers have reported a slower claims process with Progressive, which can be frustrating for BMW X3 owners needing quick resolutions.
- Rate Increases: Progressive’s rates may increase significantly after an accident or claim, affecting BMW X3 owners.
#3 – Geico: Best for Cheap Rates
Pros
- Cheap Rates: Geico is known for offering some of the cheapest rates for BMW X3 auto insurance.
- Easy Quotes: Geico’s online quote process is fast and easy, providing BMW X3 owners with quick rate comparisons.
- Safety Discounts: As mention in Geico auto insurance review, Geico offers discounts for BMW X3s equipped with advanced safety features.
Cons
- Customer Service: Geico’s customer service is not as highly rated compared to other insurers, which can be a drawback for BMW X3 owners.
- Coverage Options: Geico may offer fewer add-on coverage options compared to some competitors, limiting choices for BMW X3 owners.
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#4 – Allstate: Best for Add-On Coverages
Pros
- Add-On Coverages: Allstate auto insurance review provides a wide range of add-on coverages, allowing BMW X3 owners to tailor their policies.
- New Car Replacement: Allstate offers new car replacement coverage, which is beneficial for new BMW X3 owners.
- Safe Driving Discounts: Allstate rewards safe driving habits with substantial discounts for BMW X3 owners.
Cons
- Higher Premiums: Allstate’s premiums can be higher than average, particularly for BMW X3s.
- Claim Satisfaction: Some BMW X3 owners have reported lower satisfaction with Allstate’s claims process.
#5 – USAA: Best for Military Savings
Pros
- Military Savings: USAA offers significant discounts and benefits for military members and their families, making it an excellent choice for BMW X3 owners in the military.
- Customer Satisfaction: USAA consistently receives high marks for customer satisfaction, benefiting BMW X3 owners.
- Comprehensive Coverage: USAA auto insurance review provides extensive coverage options at competitive rates for the BMW X3.
Cons
- Eligibility: USAA is only available to military members and their families, limiting its availability to all BMW X3 owners.
- Limited Local Offices: USAA has fewer local offices, which might be inconvenient for BMW X3 owners who prefer in-person service.
#6 – American Family: Best for Student Savings
Pros
- Student Savings: American Family offers excellent discounts for students, benefiting young BMW X3 owners.
- Personalized Service: American Family is known for providing personalized customer service, enhancing the experience for BMW X3 owners.
- Bundling Discounts: American Family auto insurance review has substantial discounts for bundling home and auto policies, providing savings for BMW X3 owners.
Cons
- Availability: American Family’s insurance is not available in all states, limiting access for some BMW X3 owners.
- Premium Rates: American Family’s rates may not always be the lowest, which can be a concern for budget-conscious BMW X3 owners.
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#7 – Nationwide: Best for Usage Discount
Pros
- Usage-Based Discounts: Nationwide offers significant discounts for low-mileage drivers, which can benefit BMW X3 owners who drive less frequently.
- Vanishing Deductible: Nationwide auto insurance review provides a vanishing deductible program that rewards BMW X3 owners for safe driving.
- Comprehensive Coverage: Nationwide offers a broad range of coverage options, ensuring BMW X3 owners can find the protection they need.
Cons
- Rate Variability: Nationwide’s rates can vary widely depending on the location, which may affect BMW X3 owners in certain areas.
- Online Experience: Some users find Nationwide’s online experience less intuitive compared to competitors, which can be a drawback for BMW X3 owners who prefer managing their policies online.
#8 – Liberty Mutual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual offers highly customizable policies, allowing BMW X3 owners to tailor their coverage.
- Accident Forgiveness: Liberty Mutual auto insurance review provides accident forgiveness, which can be a great benefit for BMW X3 owners.
- Safety Feature Discounts: Liberty Mutual offers discounts for vehicles equipped with advanced safety features, benefiting BMW X3 owners.
Cons
- Higher Premiums: Liberty Mutual’s premiums can be higher than average, which might be a concern for some BMW X3 owners.
- Customer Service: Some BMW X3 owners have reported mixed experiences with Liberty Mutual’s customer service.
#9 – Farmers: Best for Local Agents
Pros
- Local Agents: Farmers provides access to local agents who can offer personalized service and advice for BMW X3 owners.
- Comprehensive Coverage: Farmers offers extensive coverage options, ensuring BMW X3 owners can find suitable protection.
- Discounts for Bundling: Farmers auto insurance review provides discounts for bundling multiple policies, which can be advantageous for BMW X3 owners.
Cons
- Higher Rates: Farmers’ rates can be higher than some competitors, which might be a drawback for BMW X3 owners looking for cheaper options.
- Limited Online Tools: Farmers may have fewer online tools and resources compared to some competitors, which can be less convenient for BMW X3 owners.
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#10 – Travelers: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Travelers offers accident forgiveness, which can be a significant benefit for BMW X3 owners.
- Competitive Rates: Travelers Auto insurance review provides competitive rates for BMW X3 insurance, making it an attractive option.
- Discounts for Safety Features: Travelers offers discounts for BMW X3s equipped with advanced safety features.
Cons
- Claims Process: Some BMW X3 owners have reported slower claims processing times with Travelers.
- Customer Service: Travelers’ customer service ratings are mixed, which can be a drawback for BMW X3 owners seeking reliable support.
BMW X3 Insurance Cost
The insurance cost for a BMW X3 varies significantly based on the coverage level and the provider. For minimum coverage, monthly rates range from $24 with Allstate to $64 with Liberty Mutual. Full coverage auto insurance, on the other hand, sees a wider range with Allstate offering the lowest rate at $74 per month and Liberty Mutual the highest at $199 per month.
BMW X3 Auto Insurance Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $24 | $74 |
| American Family | $37 | $118 |
| Farmers | $48 | $147 |
| Geico | $48 | $146 |
| Liberty Mutual | $64 | $199 |
| Nationwide | $42 | $128 |
| Progressive | $38 | $119 |
| State Farm | $31 | $99 |
| Travelers | $36 | $113 |
| USAA | $44 | $132 |
Notable mid-range options include American Family, Farmers, Geico, and Nationwide, whose full coverage rates hover between $118 and $147 per month. USAA and State Farm also provide competitive full coverage rates at $132 and $99, respectively.
BMW X3 Auto Insurance Monthly Rates by Coverage Type
| Category | Rates |
|---|---|
| Average Rate | $130 |
| Discount Rate | $77 |
| High Deductibles | $262 |
| High Risk Driver | $277 |
| Low Deductibles | $164 |
| Teen Driver | $476 |
Travelers and Progressive offer similar rates, around $113 and $119. This variability underscores the importance of shopping around and comparing quotes to find the best insurance deal for the BMW X3.
Expensiveness of BMW X3 to Insure
BMW X3s are relatively expensive to insure compared to other SUVs. Insurance rates for the BMW X3 tend to be higher due to factors like repair costs, parts availability, and the vehicle’s overall value. When compared to SUVs such as the Ford Flex, Infiniti QX60, and Toyota Highlander, the BMW X3 often has higher insurance premiums.
BMW X3 Auto Insurance Monthly Rates vs. Other Vehicles
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| BMW X3 | $31 | $55 | $31 | $130 |
| Ford Flex | $28 | $47 | $33 | $121 |
| Infiniti QX60 | $34 | $63 | $31 | $140 |
| Toyota Highlander | $28 | $43 | $33 | $116 |
| Mercedes-Benz GLE 350 | $37 | $73 | $33 | $155 |
| Audi Q3 | $29 | $57 | $33 | $132 |
| Acura MDX | $31 | $47 | $31 | $122 |
This can be attributed to its luxury status and higher performance capabilities, which typically result in more costly repairs and maintenance. Therefore, while the BMW X3 offers a premium driving experience, potential buyers should be prepared for higher insurance costs. For a comprehensive analysis, refer to our detailed guide titled “Auto Insurance Discounts.”
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Factors That Impacts the Cost of BMW X3 Insurance
Age of the Vehicle
Insurance rates for the BMW X3 tend to be higher for newer models compared to older ones. This is primarily due to the increased value of newer vehicles, which makes them more expensive to repair or replace. Additionally, newer models often come equipped with advanced technologies and features that can be costly to fix.
BMW X3 Auto Insurance Monthly Rates by Model Year & Coverage Type
| Vehicle | Comprehensive | Collision | Minimum Coverage | Full Coverage |
|---|---|---|---|---|
| 2024 BMW X3 | $33 | $57 | $33 | $134 |
| 2023 BMW X3 | $33 | $57 | $32 | $133 |
| 2022 BMW X3 | $32 | $56 | $32 | $132 |
| 2021 BMW X3 | $32 | $56 | $31 | $132 |
| 2020 BMW X3 | $31 | $55 | $31 | $130 |
| 2019 BMW X3 | $30 | $53 | $33 | $128 |
| 2018 BMW X3 | $29 | $52 | $33 | $127 |
| 2017 BMW X3 | $28 | $51 | $35 | $126 |
| 2016 BMW X3 | $27 | $49 | $36 | $125 |
| 2015 BMW X3 | $25 | $47 | $37 | $122 |
| 2014 BMW X3 | $24 | $44 | $38 | $119 |
| 2013 BMW X3 | $23 | $41 | $38 | $116 |
| 2012 BMW X3 | $22 | $37 | $38 | $111 |
| 2011 BMW X3 | $21 | $34 | $38 | $106 |
| 2010 BMW X3 | $20 | $32 | $39 | $104 |
As the vehicle ages, its value depreciates, leading to lower insurance premiums. Therefore, while a brand-new BMW X3 may offer the latest in performance and safety, it will also come with higher insurance costs compared to an older model. Unlock details in our guide titled “What are the recommended auto insurance coverage levels?”
Driver Age
Driver age significantly impacts the cost of BMW X3 car insurance. Auto insurance for teens, particularly those under 25, generally face higher premiums due to their lack of driving experience and higher risk of accidents. As drivers age and gain more experience, their insurance rates typically decrease, reaching their lowest around middle age.
BMW X3 Auto Insurance Monthly Rates by Age
| Age | Rates |
|---|---|
| Age: 16 | $654 |
| Age: 18 | $476 |
| Age: 20 | $295 |
| Age: 30 | $136 |
| Age: 40 | $130 |
| Age: 45 | $128 |
| Age: 50 | $119 |
| Age: 60 | $116 |
However, rates may start to rise again for senior drivers due to potential declines in reaction time and overall driving ability. Consequently, insurance companies adjust premiums based on age-related risk factors, making driver age a crucial determinant in the cost of insuring a BMW X3.
Driver Location
The location where a driver lives can significantly influence BMW X3 insurance rates. Urban areas, with higher traffic congestion and increased risk of accidents and theft, typically see higher premiums compared to rural areas.
BMW X3 Auto Insurance Monthly Rates by City
| City | Rates |
|---|---|
| Los Angeles, CA | $223 |
| New York, NY | $206 |
| Houston, TX | $204 |
| Jacksonville, FL | $189 |
| Philadelphia, PA | $174 |
| Chicago, IL | $172 |
| Phoenix, AZ | $151 |
| Seattle, WA | $126 |
| Indianapolis, IN | $111 |
| Columbus, OH | $108 |
Additionally, regions with higher crime rates or severe weather conditions can also drive up insurance costs. Local laws, population density, and even the cost of medical care in the area are factors that insurers consider when setting rates. Therefore, the driver’s location plays a crucial role in determining the overall insurance expense for a BMW X3.
Your Driving Record
Your driving record significantly impacts the cost of insuring a BMW X3, particularly for younger drivers. Teens and drivers in their 20s experience the most substantial increases in insurance rates if they have violations on their record. Read thoroughly our guide on how credit scores affect auto insurance rates.
BMW X3 Full Coverage Auto Insurance Monthly Rates by Age & Driving Record
| Age | Clean Record | One Accident | One DUI | One Ticket |
|---|---|---|---|---|
| Age: 16 | $327 | $490 | $660 | $415 |
| Age: 20 | $238 | $357 | $480 | $302 |
| Age: 30 | $148 | $222 | $298 | $187 |
| Age: 40 | $68 | $102 | $137 | $86 |
| Age: 50 | $65 | $98 | $132 | $83 |
| Age: 60 | $64 | $96 | $130 | $81 |
| Age: 50 | $60 | $89 | $120 | $75 |
| Age: 60 | $58 | $87 | $118 | $74 |
Insurance companies view these drivers as high-risk, resulting in higher premiums to compensate for the increased likelihood of claims. Maintaining a clean driving record is essential for securing lower insurance rates for a BMW X3, emphasizing the importance of safe driving habits.
BMW X3 Safety Ratings
The BMW X3’s safety ratings play a crucial role in determining its auto insurance rates. The numerous safety features of the 2020 BMW X3, such as driver and passenger airbags, front and rear head airbags, front side airbags, 4-wheel ABS, and 4-wheel disc brakes, significantly enhance its safety profile.
BMW X3 Safety Ratings
| Type | Rating |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger-side | Good |
| Moderate overlap front | Good |
| Side | Good |
| Roof | Good |
| Head restraints & seats | Good |
Additional features like brake assist, electronic stability control, daytime running lights, child safety locks, and integrated turn signal mirrors further contribute to its safety. Advanced technologies such as traction control, a blind spot monitor, auto-leveling headlights, lane departure warning, lane keeping assist, and cross-traffic alert also play a key role in reducing the risk of accidents and injuries, thereby helping to lower insurance costs.
BMW X3 Crash Test Ratings
The crash test ratings of the BMW X3 significantly influence its car insurance rates. Higher safety ratings typically lead to lower insurance premiums, as vehicles with better crash test performance are deemed safer and less likely to result in severe injuries or extensive damage during accidents. Explore our article to find the best accident forgiveness auto insurance companies.
BMW X3 Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 BMW X3 M SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 BMW X3 30e xDrive SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2021 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 BMW X3 M SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2020 BMW X3 30e xDrive SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2019 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2018 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2018 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2017 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2017 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2016 BMW X3 SUV RWD | 5 stars | 5 stars | 5 stars | 4 stars |
| 2016 BMW X3 SUV AWD | 5 stars | 5 stars | 5 stars | 4 stars |
Insurance companies take these ratings into account, rewarding vehicles like the BMW X3 with strong safety performance with more favorable rates. Consequently, owners of the BMW X3 may benefit from reduced insurance costs if the vehicle boasts high marks in crash tests conducted by reputable safety organizations.
BMW X3 Insurance Loss Probability
The BMW X3’s insurance loss probability varies across different coverage types, influencing insurance rates. Certain types of insurance for the BMW X3 exhibit higher loss ratios, indicating a higher likelihood of claims and resulting in higher premiums.
BMW X3 Auto Insurance Loss Probability
| Coverage | Loss |
|---|---|
| Collision | 22% |
| Property Damage | -12% |
| Comprehensive | -1% |
| Personal Injury | 15% |
| Medical Payment | 15% |
| Bodily Injury | 1% |
Conversely, other coverage types show more favorable loss ratios, suggesting lower claim frequencies or severities, leading to reduced insurance costs. Check out our guide “Do you need medical payment coverage on auto insurance?”
This variation in loss ratios across coverage types highlights the importance of understanding specific risk factors associated with the BMW X3 when assessing its insurance rates.
Ways to Save on BMW X3 Insurance
There are several strategies to reduce BMW X3 insurance costs effectively. First, consider relocating to an area with a lower cost of living, as insurance premiums are often influenced by regional factors such as crime rates and accident frequencies.
Second, be aware that insurance companies cannot adjust your BMW X3 insurance rate mid-term due to changes in your credit score, so maintaining a good score is crucial from the start. Third, inquire about retiree discounts if you’re eligible, as many insurers offer reduced rates for retirees. Delve into our guide “Best Auto Insurance for Retirees.”
Additionally, waiting six years for past accidents to disappear from your record can significantly lower your premiums over time, as clean driving histories are rewarded. Lastly, driving your BMW X3 safely and avoiding traffic violations or accidents will help you qualify for good driver discounts, further reducing your insurance costs. Combining these tips can lead to substantial savings on your BMW X3 insurance rates.
Top BMW X3 Insurance Companies
The best auto insurance companies for BMW X3 car insurance rates will offer competitive rates, discounts, and account for the BMW X3’s safety features.
Top 10 BMW X3 Auto Insurance Providers by Market Share
| Rank | Insurance Company | Premiums Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $65.6 million | 9.3% |
| #2 | Geico | $46.1 million | 6.6% |
| #3 | Progressive | $39.2 million | 5.6% |
| #4 | Liberty Mutual | $35.6 million | 5.1% |
| #5 | Allstate | $35 million | 5% |
| #6 | Travelers | $28 million | 4% |
| #7 | USAA | $23.5 million | 3.3% |
| #8 | Chubb | $23.4 million | 3.3% |
| #9 | Farmers | $20.6 million | 2.9% |
| #10 | Nationwide | $18.4 million | 2.6% |
These companies consider the BMW X3’s advanced safety features, which can contribute to lower insurance premiums. Additionally, USAA is a top choice for military families, offering excellent rates and customer service. Liberty Mutual and Progressive also stand out by providing comprehensive coverage options and personalized discounts, making them solid choices for BMW X3 owners seeking affordable and reliable insurance.
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Compare Free BMW X3 Insurance Quotes Online
Compare quotes for BMW X3 auto insurance rates from some of the best auto insurance companies by using our free online tool now. You can stay well insured with BMW X3 auto insurance if you review the pros and cons of ownership. This SUV is small enough to handle like a car and large enough to comfortably hold passengers and cargo.
This luxury SUV from BMW has optimal handling and supreme overall performance that is suited for blacktop road surfaces and off-road terrain. Between the excellent steering, superior reflexes and of course, powerful engine, virtually everyone will enjoy driving this vehicle every day. Check out our guide “Where to Compare Auto Insurance Rates.“
The Insurance Institute for Highway Safety gave the X3 good ratings for front collisions relating to driver injuries. They also tested side impacts and roof strength with positive results. However, it did not score very high in the rollover category. Even with hill assistance technology, some steeper climbs strained the engine.
Retail Price of the 2012 BMW X3
Approximately eight years ago, BMW introduced this smaller and tidier version of an SUV. Just like most first-year models, it had a few quirks. However, with the redesigning efforts in 2011, their improvements shine brightly. Thus, the cost of the X3 reflects the new upgrades. As for trim types, there are two, the 28i and the 35i.
Depending on the one you select, you might suffer from sticker shock upon close inspection; the 28i has an MSRP of $35,500, while the 35i begins at approximately $43,600. Remember, these are the basic costs. The average 28i actually comes closer to $42,700 and the 35i can cost nearly $50,000.
Because of the high retail prices of both of these SUVs, this can cause many people to assume that they will also pay excessively for car insurance. Luckily, this is just a myth that seems to follow all luxury vehicles. In reality, the cost to protect either the 28i or the 35i is not as much as the automobile insurance industry wants you to believe.
Comprehensive Limit Recommendations
Your car insurance selections could vary from the state minimum liability only to a number of different levels, but no matter what you choose, make sure comprehensive fits in somewhere. This will prepare you in the event of theft, which is increasing more each year. While the X3 does not fit the typical list of top stolen cars in the U.S., these days car thieves do not need to take the entire vehicle.
Instead, according to the National Insurance Crime Bureau, they clone these kinds of luxury SUVs. They use information from a registered vehicle to copy the data and sell stolen cars on the black market.
Sadly, they often cause damage to the vehicle when they retrieve the computerized accessories and this kind of vandalism is expensive when you need repairs or replacements. This is where your comprehension helps you feel better protected.
These facts should not lead you to believe that your X3 is no longer a target for car theft. The chances of becoming the victim of this kind of crime are still higher in certain areas. Comprehensive coverage will certainly help you restore your SUV to showroom appearance.
Nonetheless, just in case this never happens, you need to be aware of the latest trends some unscrupulous characters participate in these days.
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A Different Type of Coverage is BMW Performance Insurance
When you purchase a BMW X3, you open your doors to even more protection options. Aside from standard auto insurance coverage, you qualify for special incentives. They include anything from special discounts and savings to guaranteed, certified BMW repair shops. This special service is called BMW Performance Insurance.
The next best thing to come on four wheels 😉
🛒 https://t.co/cC58Pep5lp#BMWLifestyle #BMW pic.twitter.com/Anvri64b8w— BMW (@BMW) July 24, 2024
The benefits begin with free towing to any BMW service center, if you experience mechanical failure, or become involved in an accident. Your BMW requires special parts and technicians who have training and appropriate skills. You should not trust your vehicle to just anyone, your main concern should surround their compliance with BMW standards.
Instead of relying on guaranteed asset protection, or GAP insurance, as a separate add-on, your membership into the BMW club means you receive replacement coverage for your new vehicle.
If within a 12-month period your X3 has extensive damage, they provide you with the cost of replacement. Finally, they provide accident forgiveness as long as you remain a loyal BMW owner for five years. They automatically grant this benefit from the first day of ownership. They will even remind you when the five years pass, so you understand the value of this service.
You May Also Need Extended Warranty Options
Although the BMW X3 has an exceptional warranty, especially the powertrain, there are customers who have experienced less than perfect performance. According to the complaints on file with the National Highway Transportation Safety Administration, the X3 has issues with the electrical and braking systems, along with a number of recalls.
It is true that many of these problems began after the warranty terminates, which means the X3 already had substantial miles. However, most BMW owners tend to keep their vehicles longer than the standard five years. In addition, they drive on a consistent basis. After all, this is a fun and exciting vehicle. Discover more insights in our guide “How to Get an Anti-Lock Brakes Auto Insurance Discount.”
Case Studies: Navigating BMW X3 Auto Insurance
These case studies illustrate how State Farm, Progressive, and Geico meet the unique needs of different drivers, offering insights into coverage options, customer service, and cost savings.
- Case Study #1 – Comprehensive Coverage and Discounts: John, a 40-year-old BMW X3 owner from Texas, chose State Farm for its comprehensive coverage and significant safe driver discounts. His annual premium was approximately $1,500, but with safe driving habits, he managed to save up. John appreciated the ease of filing claims and the excellent customer service provided by State Farm.
- Case Study #2 – Convenience and Customization: Sarah, a tech-savvy driver from California, opted for Progressive due to its user-friendly online tools and customizable policy options. She enjoyed the flexibility of managing her policy online and benefited from the Progressive Snapshot program, which rewarded her with lower premiums based on her driving behavior.
- Case Study #3 – Affordable Rates and Quick Service: Mark, a young professional in New York, needed affordable yet reliable coverage for his BMW X3. He found Geico to be the best option, with monthly premiums of just $24. Mark valued Geico’s quick response times and efficient claims process, which provided him peace of mind without breaking the bank.
These case studies demonstrate how different BMW X3 owners have successfully navigated their auto insurance options.
State Farm is the top choice for BMW X3 auto insurance, offering unbeatable coverage and significant discounts for safe drivers.Jeff Root Licensed Insurance Agent
By choosing providers that align with their needs, they have secured comprehensive, convenient, and affordable coverage. Explore these options to find the best BMW X3 auto insurance for your unique situation. See which companies have the cheapest minimum auto insurance rates by entering your ZIP code into our free comparison tool below.
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Frequently Asked Questions
What factors affect the cost of auto insurance for a BMW X3?
The cost of auto insurance for a BMW X3 can be influenced by various factors, including the driver’s age, location, driving history, coverage options, auto insurance deductible amount, and the specific model and year of the BMW X3. Insurance providers also consider the cost of repairs and replacement parts for the BMW X3 when determining premiums.
Do I need a specific type of insurance for a BMW X3?
No, you don’t need a specific type of insurance for a BMW X3. However, it’s important to have adequate coverage that meets your needs and the requirements of your state. Common types of insurance coverage for a BMW X3 include liability coverage, collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection (PIP) or medical payments coverage.
Are BMW X3 models more expensive to insure compared to other vehicles?
BMW X3 models tend to have higher insurance premiums compared to some other vehicles. This is because BMWs are typically considered luxury vehicles, and their repairs and replacement parts can be more costly. You can find affordable auto insurance no matter what your driving record looks like by entering your ZIP code below in our free quote comparison tool.
Can I get discounts on BMW X3 auto insurance?
Yes, there are various discounts that may be available to help reduce the cost of BMW X3 auto insurance. These can include discounts for being a safe driver, having multiple policies with the same insurance company, completing a defensive driving course, or having certain safety features on the vehicle, such as anti-theft systems or advanced driver assistance systems.
Check out our guide “Why You Should Take a Defensive Driving Class.”
How can I find the best insurance rates for my BMW X3?
To find the best insurance rates for your BMW X3, it’s recommended to shop around and compare quotes from multiple insurance companies. Consider contacting different insurers, using online comparison tools, or working with an independent insurance agent who can provide you with multiple options. Be sure to review the coverage limits, deductibles, and policy terms when comparing quotes.
Are there any specific maintenance or security measures that can help lower BMW X3 insurance costs?
Some insurance providers may offer discounts if you have certain security features installed on your BMW X3, such as an alarm system or tracking device. Additionally, keeping up with regular maintenance and repairs can help prevent accidents and maintain the value of your vehicle, potentially leading to lower insurance costs.
Should I choose a higher deductible to lower my BMW X3 insurance premiums?
Opting for a higher deductible can help lower your BMW X3 insurance premiums. However, it’s important to consider your financial situation and ability to pay the deductible amount in the event of a claim. Choose a deductible that you can comfortably afford in case of an accident or damage to your BMW X3.
Browse into our guide “How to File an Auto Insurance Claim.”
Can I transfer my existing auto insurance policy to a new BMW X3?
Yes, you can typically transfer your existing auto insurance policy to a new BMW X3. However, it’s important to inform your insurance company about the change in vehicle and update your policy accordingly. Depending on the specifics of your policy and the new BMW X3 model, your premiums may be adjusted accordingly.
What are the best companies for BMW X3 auto insurance?
State Farm, Progressive, and Geico are top choices for BMW X3 auto insurance, offering comprehensive coverage at competitive rates.
How much does BMW X3 auto insurance cost?
On average, BMW X3 auto insurance costs around $24 per month. Find your cheapest auto insurance quotes by entering your ZIP code below into our free comparison tool.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
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