Are you looking for a better way to compare more affordable BMW X3 insurance in Atlanta? Finding the cheapest insurance for a new or used BMW X3 in Georgia could be difficult, but you can learn the following methods and make it easy. There are more efficient ways to buy insurance and we’ll show you the proper way to price shop coverage on a BMW and locate the lowest price from both online companies and Atlanta agents.
Most companies make it easy to get insurance quotes directly from their websites. Getting online rates for BMW X3 insurance in Atlanta is quite easy because you just enter the amount of coverage you want into a form. When the form is submitted, the quote system sends out for your driving and credit reports and generates a price based on these and other factors.
This makes it simple to compare prices and it is important to do this if you want to get a lower rate.
To compare rates now, compare rates from the companies below. To compare your current rates, we recommend you complete the form with the limits and deductibles as close as possible to your current policy. This ensures you’re receiving rate quotes based on identical coverages.
The car insurance companies shown below offer free quotes in Georgia. If multiple companies are shown, we recommend you visit two to three different companies to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X3 3.0I xDrive AWD 4-Dr | $242 | $476 | $378 | $22 | $114 | $1,232 | $103 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in your specific Atlanta location which can increase or decrease coverage rates greatly.
Comparison of full coverage and liability-only policies
The illustration below illustrates the comparison of BMW X3 insurance costs with full coverage and liability only. Data assumes no driving violations, no at-fault accidents, $100 deductibles, married female driver, and no other discounts are factored in.
When to drop comprehensive and collision
There isn’t a steadfast formula of when to stop paying for physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your BMW X3 replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after paying your deductible. If you are currently paying more than $800 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
BMW X3 insurance premiums by gender and age
The information below shows the difference between BMW X3 insurance prices for male and female drivers. The premium estimates are based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Policy deductible comparison
One of the hardest decisions when shopping for car insurance is how high should the physical damage deductibles be. The data tables below summarize the price difference when you choose different deductibles. The first set of prices uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X3 3.0I xDrive AWD 4-Dr | $426 | $830 | $394 | $24 | $118 | $1,817 | $151 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X3 3.0I xDrive AWD 4-Dr | $236 | $438 | $394 | $24 | $118 | $1,210 | $101 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Georgia minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Prices do not factor in garaging location in Atlanta which can lower or raise premium rates significantly.
Based on these figures, using a $100 deductible will cost you approximately $50 more each month or $600 annually than quoting the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 18 months between claim filings, you would save money going with the higher deductible.
Cheap BMW X3 insurance quotes in Atlanta
Insuring your fleet can be pricey, but companies offer discounts that can help lower your rates. Some trigger automatically at the time of purchase, but once in a while a discount must be specially asked for before you get the savings.
- Data Collection Discounts – Insureds that choose to allow driving data submission to study their driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if their driving habits are good.
- Accident Forgiveness – Not necessarily a discount, but companies like GEICO and Allstate will let one accident slide before your rates go up so long as you haven’t had any claims prior to the accident.
- Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of more than 20%.
- Active Military Service – Having a family member in the military may qualify for rate reductions.
- Discounts for Multiple Vehicles – Having several vehicles on one policy can get a discount for every vehicle.
- Homeowners Savings – Owning a house in Atlanta may earn you a small savings because it demonstrates responsibility.
- Early Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.
- Senior Citizens – If you qualify as a senior citizen, you are able to get a small decrease in premiums.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to successfully take a driver’s education course if offered at their school.
One last thing about discounts, most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, you won’t be that lucky.
Companies that may offer quotes with these money-saving discounts include:
If you want low cost Atlanta auto insurance quotes, ask each company or agent what discounts are available to you. A few discounts might not be available to policyholders everywhere. If you would like to view insurance companies offering insurance discounts in Atlanta, click this link.
Local Atlanta auto insurance agents
Certain consumers just prefer to sit down and talk to an agent and doing so can bring peace of mind Professional insurance agents are highly skilled in risk management and help file insurance claims. One of the best bonuses of comparing insurance prices online is the fact that drivers can get cheap car insurance rates but also keep your business local.
Once you complete this short form, the coverage information is instantly submitted to local insurance agents that give free quotes for your coverage. You never need to search for any insurance agencies because quoted prices will be sent directly to your email. In the event you want to get a price quote from a specific car insurance provider, you can always go to their quote page to submit a rate quote request.
Selecting an insurance company should depend on more than just the bottom line cost. Agents should be asked these questions:
- Does the company have a solid financial rating?
- Will you work with the agent or an assistant?
- Will your rates increase after a single accident?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Are they primarily personal or commercial lines agents in Atlanta?
- Which family members are covered?
- What companies can they write with?
- Can glass claims be handled at your home?
When in doubt talk to an agent
When it comes to choosing a policy, there isn’t really a “best” method to buy coverage. You are unique.
For instance, these questions might help in determining whether you could use an agent’s help.
- Do I need higher collision deductibles?
- What can I do if my company denied a claim?
- Is business equipment covered while in my vehicle?
- What if I don’t agree with a claim settlement offer?
- Do I have ACV or replacement cost coverage?
- What does UM/UIM cover?
- What is the difference between personal and commercial auto insurance policies?
- Can I insure my car for more than it’s worth?
- What does medical payments cover?
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form. It’s fast, free and may give you better protection.
Atlanta Insurance Premiums are Influenced by These Factors
Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic such as traffic violations, although others are not quite as obvious like your continuous coverage or your commute time. Consumers need to have an understanding of some of the elements that play a part in calculating your policy premiums. When you know what positively or negatively determines premiums, this allows you to make good choices that can earn you lower premium levels.
Careless drivers pay higher premiums – Drivers with clean records receive lower rates compared to drivers with tickets. Having just one speeding ticket or other violation can boost insurance rates by as much as twenty percent. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions might be required by their state to maintain a SR-22 with their state motor vehicle department in order to keep their license.
Defend yourself with liability – The liability section of your policy will afford coverage if ever a jury decides you are liable for an accident. Liability insurance provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.
Type of car determines base prices – The performance level of the car, truck or SUV you drive makes a big difference in your car insurance bill. The lowest premiums tend to be for lower performance four cylinder passenger cars, but the cost you end up paying is determined by many additional factors. Since the BMW X3 is a luxury crossover, insuring your vehicle will cost substantially more as compared to the average rate in Atlanta.
Add-on coverages may be wasting money – Insurance policies have a lot of additional coverages that you can get tricked into buying on your insurance policy. Coverage for things like vanishing deductibles, accidental death, and membership fees may not be needed and are just wasting money. The coverages may be enticing when buying your policy, but your needs may have changed so consider taking them off your policy.
Married drivers pay less – Your spouse can get you a discount when shopping for insurance. Having a significant other may mean you are more mature and statistics prove married drivers tend to file fewer claims.
High comp and collision deductibles equal low rates – Your deductibles represent how much money you are required to spend if you file a covered claim. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of covered claims would be a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The more expense you’re willing to pay, the lower your rates will be.
Insurance loss statistics a BMW X3 – Insurance companies take into consideration historical loss data for every vehicle to help determine costs. Vehicles that have higher claim frequency or loss amount will have a higher premium rate.
The table below shows the insurance loss data used by companies for BMW X3 vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 are indicative of better than average losses, while values over 100 point to more claims or statistically larger losses.
Car Insurance Loss Data for BMW X3 Models
| Specific BMW 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
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Choosing the best BMW vehicle insurance in Georgia is an important decision
Even though Atlanta X3 insurance rates can get expensive, insuring your vehicle is most likely required but also gives you several important benefits.
- Just about all states have minimum liability requirements which means it is punishable by state law to not carry a specific level of liability if you want to drive legally. In Georgia these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, almost all lenders will make it mandatory that you carry insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your BMW at a much higher rate and force you to pay for the expensive policy.
- Insurance protects not only your car but also your assets. It will also reimburse you for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of an accident. If you have damage to your BMW as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of buying enough insurance outweigh the cost, especially for larger claims. According to a 2015 survey, the average American driver is overpaying over $700 annually so compare quotes from several companies at least once a year to be sure current rates are still competitive.
Persistence will pay off
Some insurance companies may not provide online rate quotes and these small insurance companies only sell coverage through independent insurance agents. Cheap BMW X3 insurance in Atlanta is available online as well as from independent agents in Atlanta, so you need to compare both so you have a total pricing picture.
Drivers leave their current company for a number of reasons such as policy cancellation, lack of trust in their agent, being labeled a high risk driver or not issuing a premium refund. Regardless of your reason, choosing a new insurance company can be less work than you think.
In this article, we covered quite a bit of information on how to get a better price on BMW X3 insurance in Atlanta. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest priced insurance comes from a small mutual company.
For more information, feel free to visit the following helpful articles:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What Insurance is Cheapest for Lyft Drivers in Atlanta? (FAQ)
- Who Has Affordable Auto Insurance for Veterans in Atlanta? (FAQ)
- How Much is Atlanta Car Insurance for College Students? (FAQ)
- Who Has Cheap Auto Insurance for a Kia Optima in Atlanta? (FAQ)
- What Insurance is Cheapest for 4×4 Vehicles in Atlanta? (FAQ)
- Determing Auto Insurance Rates (GEICO)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Teen Driving Statistics (iihs.org)