Auto Insurance Rates for a BMW X3 in Birmingham

Discount BMW X3 insuranceScraping up a payment for expensive BMW X3 insurance in Birmingham can bleed your monthly budget and force you to make sacrifices.

Remarkably, a study showed that most auto insurance policyholders in Alabama kept their policy with the same company for more than four years, and almost half have never shopped around. With the average premium in the United States being $1,847, drivers can save hundreds of dollars each year, but they don't understand how simple it is to shop around. Many insurers compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies to find the lowest price on BMW X3 insurance in Birmingham.

It's a great practice to get comparison quotes periodically since prices go up and down regularly. Even if you got the best rates on BMW X3 insurance in Birmingham two years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because it's time to teach you how to use online quotes to save money, get proper coverage and the best rates.

If you have a current car insurance policy or just want cheaper coverage, take advantage of these tips to find the best rates and still get good coverage. Buying affordable car insurance in Birmingham is much easier if you know where to start. Vehicle owners just need to use the quickest way to quote multiple rates on the web.

Cheapest BMW insurance rate quotes in Birmingham

The companies shown below are ready to provide free rate quotes in Birmingham, AL. If more than one company is shown, we suggest you visit several of them to get a more complete price comparison.

BMW X3 Insurance Rates in Birmingham, AL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $284 $604 $324 $20 $96 $1,328 $111
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alabama minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can change coverage rates greatly.

Comparison of car insurance rates by age and gender

The example below shows the difference between BMW X3 auto insurance rates for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, full coverage, $500 deductibles, drivers are not married, and no other discounts are factored in.

Physical damage deductibles

One of the most common car insurance questions is the level to set your comp and collision deductibles. The following tables summarize how much more rates are between low and high physical damage deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

BMW X3 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $364 $710 $338 $20 $100 $1,557 $130
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BMW X3 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $202 $374 $338 $20 $100 $1,034 $86
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alabama minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Prices do not factor in specific Birmingham garaging location which can impact premiums greatly.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $44 more each month or $528 for a full year than requesting the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 20 months between claim filings, you would save more money by going with a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $130
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

Reduce your car insurance rates with discounts

Companies that sell car insurance don't necessarily list every policy discount in a way that's easy to find, so we break down some of the best known and the harder-to-find credits that may apply to you.Cheaper car insurance with discounts

We need to note that most discounts do not apply the the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. Just because you may think you could get a free car insurance policy, it doesn't quite work that way.

A few popular companies and a selection of discounts include:

When comparing rates, check with all the companies to give you their best rates. A few discounts may not be available in Birmingham. To choose car insurance companies that offer discounts in Alabama, click this link.

Reduce Insurance Rates with These Tips

Many different elements are part of the calculation when quoting car insurance. Most are fairly basic like your driving record, but other criteria are less apparent such as your credit history or your vehicle rating. The best way to find cheaper insurance is to take a look at a few of the rating criteria that come into play when calculating insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that will entitle you to much lower annual insurance costs.

Lower rates for married couples - Getting married may save some money on your policy. Having a significant other is viewed as being more responsible and statistics show being married results in fewer claims.

City dwellers may pay more - Being located in less populated areas of the country has definite advantages when talking about insurance. Fewer drivers on the road means a lower chance of having an accident. People in densely populated areas have to deal with more road rage incidents and much longer commute distances. The longer drive time statistically corresponds to a higher accident and claim rate.

Avoid tickets and save - Your driving record can have a huge impact on auto insurance premiums. Getting just one speeding ticket can bump up the cost forty percent or more. Good drivers get better prices compared to bad drivers. Drivers who have received careless violations such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with their state's licensing department in order to prevent their license from being revoked.

Don't abuse insurance claims - Auto insurance companies in Alabama give the lowest premiums to insureds who are not frequent claim filers. If you frequently file small claims, you can pretty much guarantee much higher rates or policy non-renewal. Insurance coverage is designed for major claims that would cause financial hardship.

Bundle and save - The majority of insurers allow discounts for people who carry more than one policy in the form of a multi-policy discount. Discounts can be ten or even fifteen percent. Even if you already get this discount, it's still a good idea to shop around to help guarantee you have the best rates.

Claims statistics for a BMW X3 - Auto insurance companies use statistical claims data to help determine the price you pay. Vehicles that the data shows to have higher number or severity of losses will have increased rates.

The table below illustrates the historical loss data for BMW X3 vehicles. For each coverage category, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Percentage values below 100 represent a good loss history, while values over 100 indicate more frequent claims or a tendancy for claims to be larger.

BMW X3 Insurance Loss Statistics

Vehicle 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
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years

Situations that may require an agent's advice

When it comes to choosing proper insurance coverage, there really isn't a "perfect" insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won't apply.Drive safe and save For instance, these questions can help discover whether your personal situation would benefit from professional advice.

If you're not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can provide invaluable advice.

Insurance agent or online?

Some consumers just want to visit with an insurance agent and that is recommended in a lot of cases Experienced insurance agents are trained to spot inefficiencies and help submit paperwork. One of the best bonuses of getting free rate quotes online is the fact that drivers can get better rates and still choose a local agent. And buying from local insurance agencies is still important in Birmingham.

Birmingham insurance agentsAfter completing this short form, your insurance coverage information is emailed to local insurance agents in Birmingham that give free quotes for your coverage. There is no need to search for an agent due to the fact that quote results will go to you. If you have a need to get a comparison quote for a specific company, you can always find their quoting web page and fill out their quote form.

Picking the best insurance company requires you to look at more than just the premium amount. The questions below may impact your decision as well.

Do you really save 40% when you switch?

Alabama drivers constantly see and hear ads that promise big savings by companies like GEICO, State Farm and Progressive. All the ads seem to make the promise that you'll save big if you switch your policy.

Is it even possible that every company can give you a lower rate on BMW X3 insurance in Birmingham? You have to listen carefully.

Companies quote their best rates for the type of driver that will be a good risk. For instance, a profitable customer could possibly be a married male, insures multiple vehicles, and drives less than 5,000 miles a year. Someone who matches that profile gets the lowest rates and will save when switching.

Potential customers who fall outside these stringent criteria may be required to pay higher premiums and this results in the customer not purchasing. The trick is to say "people who switch" but not "everyone who gets a quote" can save as much as they claim. That is how companies can make claims like that.

Different companies use different criteria so it is so important to compare quotes as often as possible. You cannot predict which auto insurance company will have the lowest rate quotes.

Be persistent and save

Low-cost BMW X3 insurance in Birmingham can be sourced both online as well as from insurance agents, so get free Birmingham car insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer rates over the internet and these small insurance companies provide coverage only through independent insurance agents.

In this article, we presented a lot of tips how to find cheaper BMW X3 insurance in Birmingham. The key concept to understand is the more times you quote, the better your chances of lowering your premium rates. You may even be surprised to find that the most savings is with a small mutual company. Smaller companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Allstate or State Farm.

Additional insurance information can be found on the following sites: