Searching for the cheapest insurance for a BMW X3 in Colorado can normally be an all-consuming task, but you can learn our auto insurance buying tips to make it easier. There are both good and bad ways to compare auto insurance rates so we're going to tell you the quickest way to price shop coverage for your BMW and obtain the cheapest rates either online or from Fort Collins insurance agents.

Insurance rates BMW X3 in Fort CollinsAmazingly, a recent NerdWallet.com study showed that a large majority of drivers have been with the same company for well over three years, and 38% of drivers have never compared rates to find affordable insurance. Colorado consumers can save $610 each year just by shopping around, but most just don't grasp the big savings they would realize if they bought a different policy.

It's a good habit to get comparison quotes periodically because prices change quite often. Just because you found the lowest rates on BMW X3 insurance in Fort Collins six months ago you may be paying too much now. Forget all the misinformation about auto insurance because you're about to learn the quickest way to save on auto insurance.

Finding the cheapest auto insurance coverage in Fort Collins is quite easy. If you already have coverage or are shopping for new coverage, you can learn to get lower rates without having to cut coverage. Shoppers just have to learn the proper methods to compare price quotes from many different companies online.

Many insurance companies such as Progressive, GEICO, Allstate and State Farm allow you to get pricing on their websites. Comparing prices online for BMW X3 insurance in Fort Collins is fairly straightforward as you simply type in your coverage preferences as requested by the quote form. When the form is submitted, their quoting system automatically orders your driving record and credit report and returns pricing information based on many factors.

The ability to get online rate quotes for BMW X3 insurance in Fort Collins makes comparing rates easy, and it's very important to do this if you are searching for a lower rate.

To compare pricing, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it's recommended you duplicate the limits and deductibles as close as possible to your current policy. This way, you will receive a fair comparison for exact coverage.

The providers in the list below offer price comparisons in Colorado. If multiple providers are shown, we suggest you visit as many as you can in order to find the cheapest rates.

BMW X3 Insurance Rate Estimates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $380 $740 $352 $20 $106 $1,598 $133
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rates do not factor in specific Fort Collins garaging location which can impact coverage prices greatly.

Choosing deductibles

When shopping for auto insurance, a common question is at what level do you set your deductibles. The tables below illustrate the rate differences between high and low coverage deductibles. The first table uses a $100 physical damage coverage deductible and the second pricing table 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 $380 $740 $352 $20 $106 $1,623 $135
Get Your Own Custom Quote Go
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 $210 $390 $352 $20 $106 $1,078 $90
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Table data does not factor in vehicle garaging location which can impact auto insurance rates noticeably.

Based on the figures above, using a $100 deductible will cost you about $45 more each month or $540 every year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 20 months between claim filings, you would save more money if you opt for a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $135
Average monthly premium for $1,000 deductibles (subtract): - $90
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One important note is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense at claim time. You need to make sure you have enough extra money in the event you need to pay the higher deductible in order to repair your vehicle.

Impact of careless driving on Fort Collins auto insurance rates

The diagram below illustrates how speeding tickets and at-fault collisions can raise BMW X3 premium costs for different ages of insureds. The premiums assume a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

Verify you're applying every discount

Insurance is not an enjoyable expense, but companies offer discounts that you may not even be aware of. Most are applied at the time of quoting, but a few must be specially asked for before you will receive the discount.Discount insurance

Discounts reduce rates, but you should keep in mind that most discounts do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like it's possible to get free car insurance, insurance companies aren't that generous.

Insurance companies that may offer policyholders these benefits are:

Before purchasing a policy, check with all the companies which discounts they offer. Some discounts listed above may not apply to policies in Fort Collins.

Shop online but buy locally

Many people just want to talk to a local agent and doing so can bring peace of mind Insurance agents can make sure you are properly covered and help submit paperwork. The biggest benefit of getting online price quotes is you may find lower prices and still choose a local agent.

Insurance agency in Fort CollinsAfter completing this quick form, your information is instantly submitted to participating agents in Fort Collins who can give free rate quotes and help you find cheaper coverage. It makes it easy because there is no need to leave your computer due to the fact that quote results will go immediately to your email address. If you have a need to get a comparison quote from a specific insurance company, you would need to jump over to their website and fill out the quote form the provide.

Deciding on a company is decision based upon more than just a cheap price quote. These are some questions your agent should answer.

If you are wanting to find a reputable agency, there are a couple of different types of agents and how they are distinctly different. Fort Collins agents can either be independent or exclusive. Either one can sell car insurance policies, but it is important to understand the differences because it can influence which type of agent you select.

Exclusive Agents

Exclusive agents normally can only provide a single company's rates like State Farm, AAA, and Liberty Mutual. They usually cannot provide rate quotes from other companies so you might not find the best rates. These agents are trained well on their products and sales techniques which aids in selling service over price. A lot of people buy from the same agent for years partially due to the prominence of the brand rather than having low rates.

Listed below are Fort Collins exclusive insurance agencies that can give you price quotes.

More insurance agents

Independent Insurance Agents

These type of agents are not restricted to one company so they have the ability to put coverage with a variety of different insurance companies and find the cheapest rate. If your agent finds better pricing, they simply switch companies in-house which requires no work on your part.

If you need cheaper car insurance rates, you will want to contact at a minimum one independent agency for maximum quote selection. A lot of them also have access to smaller mutual companies that can offer cheaper rates than bigger companies.

Listed below is a short list of independent insurance agents in Fort Collins that are able to give price quotes.

More insurance agents

Once you have reasonable responses to your questions as well as the cheapest BMW X3 insurance in Fort Collins quotes, you may have found an insurance agency that is reliable enough to insure your vehicles. Just be aware that you are entitled to terminate your policy any time you want so never feel that you're stuck with any specific company for the full term.

Educate yourself about car insurance coverages

Understanding the coverages of car insurance helps when choosing the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and coverage can change by endorsement.

Collision - This covers damage to your X3 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sustaining damage from a pot hole, crashing into a ditch, scraping a guard rail and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also choose a higher deductible on your X3 to save money on collision insurance.

Auto liability insurance - Liability insurance protects you from damage or injury you incur to other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/15 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged property.

Liability coverage pays for claims such as pain and suffering, medical services and structural damage. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible. Colorado requires minimum liability limits of 25/50/15 but you should think about purchasing better liability coverage.

Protection from uninsured/underinsured drivers - This protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle's occupants and damage to your BMW X3.

Because many people only purchase the least amount of liability that is required (25/50/15 in Colorado), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Comprehensive (Other than Collision) - Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, damage from a tornado or hurricane, rock chips in glass, hitting a deer and damage from flooding. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

Medical expense insurance - Coverage for medical payments and/or PIP provide coverage for bills such as EMT expenses, rehabilitation expenses, ambulance fees and funeral costs. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Affordable insurance premiums are out there

Consumers leave their current company for many reasons like questionable increases in premium, extreme rates for teen drivers, not issuing a premium refund and even policy cancellation. Whatever your reason, switching companies is less work than it seems.

Lower-priced insurance in Fort Collins can be purchased on the web as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide rates over the internet and these small, regional companies only sell coverage through local independent agencies.

While you're price shopping online, never skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped liability coverage limits only to discover later that it was a big error on their part. The goal is to purchase a proper amount of coverage at the best cost while still protecting your assets.

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