Price shopping your BMW X3 insurance in Phoenix can seem to be difficult for drivers who have little experience comparison shopping online. With literally dozens of companies, it can quickly become a difficult situation to find a more affordable company.
Shockingly, almost 70% of insureds in Arizona kept their coverage with the same auto insurance company for four years or more, and approximately 38% of consumers have never quoted rates to find affordable coverage. U.S. drivers can cut their rates by approximately 46.5% a year by just comparing quotes, but they don’t believe the actual amount they would save if they switch to a new company.
It’s a good idea to get comparison quotes before your next renewal since prices tend to go up over time. Even if you think you had the best deal on BMW X3 insurance in Phoenix six months ago you will most likely find a better premium rate today. You’ll find quite a bit of inaccurate information about X3 insurance online but in just a couple of minutes you can learn some guaranteed methods to find affordable auto insurance in Phoenix.
The purpose of this post is to teach you a little about how to effectively get price quotes and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to cut your premiums using the tips covered below. Although Arizona car owners do need to understand how insurance companies price online insurance because it can help you find the best coverage.
Take advantage of these five rate reducing discounts
Properly insuring your vehicles can get expensive, but there could be significant discounts that can drop the cost substantially. Certain credits will be shown at the time you complete a quote, but some discounts are required to be asked about prior to receiving the credit. If you are not receiving all the discounts you deserve, you could be getting lower rates.
- More Vehicles More Savings – Having multiple cars with the same company can get a discount on all vehicles.
- Switch and Save Discount – Some larger companies reward drivers for buying a new policy prior to your current X3 insurance policy expiration. The savings is around 10%.
- Low Mileage Discounts – Driving less can qualify you for lower rates due to less chance of an accident.
- Cautious Drivers – Insureds without accidents may save up to 50% more than drivers with accidents.
- Driver’s Ed – Teen drivers should enroll in driver’s education if offered at their school.
Remember that some credits don’t apply to your bottom line cost. A few only apply to the cost of specific coverages such as comprehensive or collision. So even though you would think adding up those discounts means a free policy, companies don’t profit that way.
Auto insurance companies that may offer policyholders most of these discounts are:
Before you buy a policy, ask each company which discounts they offer. Depending on the company, some discounts might not be offered on policies everywhere. To locate insurance companies that offer the discounts shown above in Phoenix, click this link.
To find cheaper prices, there are a couple of ways of comparing price quotes from lots of Arizona auto insurance companies. The best way to find cheaper BMW X3 rates is to get quotes online.
When comparison shopping, comparing more prices will improve the odds of getting a better price.
The providers in the list below can provide comparison quotes in Arizona. If multiple companies are shown, we recommend you compare several of them to get the cheapest price.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X3 3.0I xDrive AWD 4-Dr | $312 | $714 | $390 | $24 | $116 | $1,556 | $130 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in specific location which can lower or raise rates noticeably.
Rate comparison for different deductibles
One frequently asked question is how high should your deductibles be. The premium rates below approximate the differences in price of buying low and high policy deductibles. The first set of rates uses a $100 physical damage coverage 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 | $324 | $632 | $300 | $18 | $90 | $1,389 | $116 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X3 3.0I xDrive AWD 4-Dr | $180 | $334 | $300 | $18 | $90 | $922 | $77 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in vehicle location which can change premium rates substantially.
We can estimate from the data above that using a $100 deductible costs roughly $39 more each month or $468 for a full year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 23 months between claim filings, you would most likely save money if you choose the higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $116 |
| Average monthly premium for $1,000 deductibles (subtract): | – $77 |
| Monthly savings from raising deductible: | $39 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $39 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
Do I need a local insurance agent?
Some consumers just want to have an agent’s advice and we recommend doing that A good thing about comparing rate quotes online is you may find cheap rate quotes but also keep your business local. And providing support for local agents is important especially in Phoenix.
To make it easy to find an agent, after completing this form (opens in new window), your insurance coverage information is instantly submitted to agents in your area that can provide free Phoenix auto insurance quotes for your insurance coverage. There is no need to leave your computer because quoted prices will be sent immediately to you. You’ll get the best rates and a licensed agent to talk to. If you want to quote rates from a specific car insurance provider, just jump over to their website and fill out their quote form.
When searching for a local Phoenix insurance agency, you need to know there are two different agency structures that you can select. Car insurance agencies are considered either independent or exclusive.
Independent Car Insurance Agents
Independent agencies do not sell for just one brand so they can write business through many companies depending on which coverage is best. If they find a cheaper price, the business is moved internally and you don’t have to do anything. When shopping rates, you need to check rates from at a minimum one independent agency to get the most accurate price comparison. They often place coverage with smaller regional carriers that many times have cheaper rates.
Shown below are Phoenix independent agencies that may be able to give you free rate quotes.
- Best Buy Insurance
3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548 – View Map - Fasula Kaplan Insurance Agency
11022 N 28th Dr Suite 125 – Phoenix, AZ 85029 – (602) 564-0880 – View Map - Independent Insurance Agents
333 E Flower St – Phoenix, AZ 85012 – (602) 956-1851 – View Map
Exclusive Car Insurance Agents
Agents that elect to be exclusive can only provide one company’s prices and examples are Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so they have no alternatives for high prices. They are trained well on their products and sales techniques which helps offset the inability to provide other markets. Many people buy from exclusive agents primarily because of loyalty to the company rather than having the cheapest rates.
Below is a short list of exclusive agents in Phoenix that are able to give comparison quotes.
- GEICO Insurance Agent
9515 W Camelback Rd #134 – Phoenix, AZ 85037 – (602) 234-3426 – View Map - Lula Smith – State Farm Insurance Agent
7217 S Central Ave – Phoenix, AZ 85042 – (602) 232-0793 – View Map - Bob Schneider – State Farm Insurance Agent
243 W Portland St – Phoenix, AZ 85003 – (602) 277-2687 – View Map
Picking the best car insurance agent requires you to look at more than just the quoted price. You should also get answers to these questions.
- Is there a Errors and Omissions policy in force?
- Is the quote a firm price?
- Are aftermarket or OEM parts used to repair vehicles?
- What insurance companies do they recommend if they are an independent agent?
- Can glass repairs be made at your home?
If you feel you receive good answers to these questions in addition to an acceptable price estimate, you’ve probably found a car insurance agent that meets the requirements to adequately provide car insurance.
Here’s why auto insurance is not optional
Despite the potentially high cost of BMW X3 insurance, buying auto insurance may not be optional for several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability coverage in order to drive the car legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your BMW, most banks will make it mandatory that you have physical damage coverage to guarantee payment of the loan. If coverage lapses or is canceled, the lender may insure your BMW at a much higher rate and force you to reimburse them the higher premium.
- Auto insurance protects both your car and your assets. Insurance will pay for many types of medical costs incurred in an accident. Liability insurance will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your X3 greatly outweigh the cost, particularly if you ever have a claim. But the average driver in Arizona overpays as much as $865 each year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.
Auto insurance coverages
Having a good grasp of a auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many Arizona drivers have only the minimum liability required by law (15/30/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.
Auto liability insurance – This provides protection from damages or injuries you inflict on other people or property. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 15/30/10 which stand for a limit of $15,000 per injured person, a total of $30,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for things like loss of income, repair bills for other people’s vehicles, pain and suffering and court costs. How much coverage you buy is a personal decision, but buy as high a limit as you can afford. Arizona requires minimum liability limits of 15/30/10 but drivers should carry more liability than the minimum.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like rehabilitation expenses, pain medications, nursing services and hospital visits. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Collision coverages – Collision insurance covers damage to your X3 resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like colliding with a tree, scraping a guard rail, crashing into a ditch, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible on your X3 to save money on collision insurance.
Comprehensive coverage – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as a tree branch falling on your vehicle, hitting a deer and hail 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 dropping full coverage.
How much can you save?
Drivers change insurance companies for a variety of reasons including delays in responding to claim requests, high prices, questionable increases in premium or policy cancellation. It doesn’t matter what your reason, finding the right auto insurance provider is easier than you think.
Lower-priced auto insurance in Phoenix is possible from both online companies as well as from insurance agents, so you need to quote Phoenix auto insurance with both in order to have the best price selection to choose from. Some insurance companies do not offer online quoting and these small insurance companies sell through independent agents.
When getting Phoenix auto insurance quotes online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed liability limits or collision coverage only to regret they didn’t purchase enough coverage. The goal is to purchase a proper amount of coverage for the lowest price, but don’t skip important coverages to save money.
For more information, feel free to browse the following helpful articles:
- Safety Features for Your New Car (State Farm)
- Who Has the Cheapest Auto Insurance Quotes for Government Employees in Phoenix? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers with Accidents in Phoenix? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Good Drivers in Phoenix? (FAQ)
- Who Has the Cheapest Phoenix Auto Insurance Rates for 4×4 Vehicles? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Car Insurance: When not to Skimp (BankRate.com)
- Teen Driving Statistics (GEICO)