Discount BMW X3 insuranceWould you like to stop wasting money and find more competitive BMW X3 insurance in Honolulu? Nobody I know enjoys paying for car insurance, especially when they are aware that they could lower their rates if they shopped around.

Astonishing but true according to a recent study, most car insurance policyholders kept their coverage with the same car insurance company for a minimum of four years, and about 40% of consumers have never compared rate quotes at all. The average driver in Hawaii could save an average of $400 each year, but most just don't grasp the rate savings if they just switched companies.

There is such a variety of insurance companies to buy insurance from, and even though it's nice to have multiple companies, it can be more challenging to adequately compare rates for BMW X3 insurance in Honolulu.

It's smart to do price comparisons before your next renewal because prices trend upward over time. Even if you got the lowest quotes on BMW X3 insurance in Honolulu at your last renewal the chances are good that you can find a lower rate today. Don't believe everything you read about X3 insurance out there, but you can learn some proven techniques to lower your car insurance bill.

Finding affordable insurance coverage in Honolulu is quite easy if you know the best way to do it. Nearly every driver who shops around for insurance will more than likely find better rates. Nevertheless, Hawaii car owners can benefit by having an understanding of how companies compete online and use this information to your advantage.

The method we recommend to compare insurance rates in your area is to know the trick most larger insurance companies pay for the opportunity to provide you with free rate quotes. To get started, all you need to do is provide details such as level of coverage desired, if you're married, whether you have decent credit, and what your job is. Your insurance information gets sent immediately to insurance companies and they provide comparison quotes very quickly.

To compare rates for your car now, click here and see if a lower rate is available in Honolulu.

The car insurance companies shown below can provide free quotes in Honolulu, HI. If multiple companies are shown, we recommend you get price quotes from several of them to get the best price comparison.

BMW X3 Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $250 $458 $270 $16 $80 $1,074 $90
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price information does not factor in specific zip code location which can raise or lower price quotes significantly.

Illustration showing the impact of accidents and violations

The diagram below shows how traffic citations and at-fault accidents can affect BMW X3 premium costs for each different age group. The costs are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.

Higher deductibles lower rates

One of the hardest decisions when shopping for car insurance is the level to set your comp and collision deductibles. The following tables can help illustrate the rate differences between low and high policy deductibles. The first table uses a $100 deductible for physical damage and the second data table uses a $500 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 $286 $558 $264 $16 $80 $1,229 $102
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BMW X3 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X3 3.0I xDrive AWD 4-Dr $210 $378 $264 $16 $80 $948 $79
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price information does not factor in specific location which can modify coverage prices significantly.

Based on the figures above, using a $100 deductible costs roughly $23 more each month or $276 a year than opting for the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 17 months between claims, you would most likely save money if you decide on a higher deductible.

How much more does full coverage cost in Honolulu?

The chart below shows the difference between BMW X3 yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or accidents, $250 deductibles, single female driver, and no policy discounts are applied.

Should you buy full coverage or liability only?

There is no exact rule to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

For example, let's assume your BMW X3 claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after paying your policy deductible. If you are currently paying more than $200 annually to have full coverage, then it may be the right time to buy liability only.

There are some situations where only buying liability is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage.

Get cheaper BMW X3 insurance in Honolulu with discounts

Some insurers don't always publicize every disount available very clearly, so we took the time to find both well-publicized and also the more inconspicuous insurance savings.Save money with discounts

Don't be shocked that most discount credits are not given to the entire cost. Some only reduce specific coverage prices like comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, you won't be that lucky. But all discounts will cut your policy premiums.

Large insurance companies and some of the discounts can be found below.

Double check with each company or agent what discounts are available to you. Some credits might not be offered everywhere. If you would like to choose from a list of providers that can offer you the previously mentioned discounts in Honolulu, click here to view.

Smart Consumers Can Cut Insurance Costs

Multiple criteria are part of the calculation when pricing auto insurance. Some factors are common sense like an MVR report, although some other factors are less obvious such as your marital status and annual miles driven. When buying auto insurance it's important to understand the factors that help determine the level of your policy premiums. If you know what controls the rates you pay, this helps enable you to make changes that could help you find lower rates.

The factors shown below are just a few of the factors used by insurance companies to determine your rate level.

Insurance rates and vehicle performance - The performance of the car, truck or SUV you are trying to find cheaper insurance for makes a substantial difference in your car insurance bill. Since the BMW X3 is a luxury crossover, insuring your vehicle will cost substantially more as compared to the average rate in Honolulu. Lower performance four cylinder passenger cars receive the most favorable rates, but the cost you end up paying is determined by many additional factors.

Liability insurance is important - A critical coverage on your policy, liability insurance will afford coverage when you are ruled to be at fault for physical damage or personal injury to other. Your liability coverage provides for a legal defense to defend your case. This coverage is very inexpensive when compared with rates for comp and collision, so buy as much as you can afford.

Age of drivers - Older people are more cautious drivers, tend to file fewer claims, and are generally more financially stable.Youthful drivers have a tendency to get distracted easily with other occupants in the car so they pay higher auto insurance rates.

When should you not file a insurance claims? - Companies in Hawaii provide discounts to policyholders who only file infrequent claims. If you're an insured who likes to file claims you can definitely plan on much higher rates or policy non-renewal. Auto insurance is designed for more catastrophic claims.

Eliminate extra coverages - There are many add-on coverages that sound like a good idea at the time if you don't pay attention. Coverage for things like personal injury protection, towing coverage, and extra equipment coverage are examples of these. The coverages may be enticing when you first buy your policy, but if you don't need them remove them from your policy.

Insurance losses for a BMW X3 - Insurance companies use past insurance losses in order to profitably underwrite each model. Models that the statistics show to have a trend towards higher claims will have increased rates.

The next table illustrates the insurance loss data for BMW X3 vehicles. For each type of coverage, the claim amount for all vehicles combined as an average equals 100. Values that are below 100 represent a good loss history, while values over 100 point to more losses or statistically larger losses.

BMW X3 Insurance Claim Statistics

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
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Independent versus exclusive auto insurance agents

Some consumers prefer to sit down and talk to an agent and that is just fine! An additional benefit of comparing rate quotes online is the fact that drivers can get cheap car insurance quotes but still work with a licensed agent.

Find insurance agent in HonoluluTo help locate an agent, after submitting this short form, the quote information gets sent to companies in Honolulu that can give you free Honolulu auto insurance quotes for your car insurance coverage. It makes it easy because there is no need to find an agent on your own due to the fact that quote results will go to your email. You can most likely find cheaper rates without having to waste a lot of time. In the event you want to get a rate quote from one company in particular, feel free to navigate to their website and complete a quote there.

Picking the best insurer shouldn't rely on just the quoted price. Ask your prospective agent these questions:

The type of auto insurance agent you choose is important

If you want a good Honolulu insurance agent, you should know the different types of agents and how they can write your policy. Car insurance policy providers can either be independent (non-exclusive) or exclusive.

Exclusive Car Insurance Agents

Exclusive agents can only provide one company's prices and examples are Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot compare rates from other companies so keep that in mind. Exclusive agents are usually quite knowledgeable on the products they sell which helps offset the inability to provide other markets.

The following are exclusive insurance agents in Honolulu willing to provide comparison quotes.

1259 S Beretania St Ste 1 - Honolulu, HI 96814 - (808) 593-8844 - View Map

Scott Saito - State Farm Insurance Agent
1150 S King St #901d - Honolulu, HI 96814 - (808) 946-8464 - View Map

931 University Ave Ste 108 - Honolulu, HI 96826 - (808) 944-1854 - View Map

More Honolulu agents

Independent Agents

These type of agents are normally appointed by many insurers and that gives them the ability to insure through many different car insurance companies and get the cheapest rates. If prices rise, they simply move your policy to a different company and you won't have to switch agencies. When comparing car insurance rates, you definitely need to include several independent agencies in order to compare the most rates.

The following are independent insurance agencies in Honolulu who can help you get price quotes.

1088 Bishop St #2210 - Honolulu, HI 96813 - (808) 841-5915 - View Map

420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map

1350 S King St #303 - Honolulu, HI 96814 - (808) 591-5545 - View Map

More Honolulu agents

Quote often and quote early

In this article, we covered many ideas to compare BMW X3 insurance rates in Honolulu. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even be surprised to find that the lowest rates are with some of the lesser-known companies. These companies often have lower car insurance rates on specific markets than their larger competitors like State Farm and Allstate.

Budget-conscious BMW X3 insurance is available online and from local insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies don't offer online rate quotes and usually these smaller providers only sell coverage through independent insurance agencies.

Even more information is available in these articles: