Do you need a better way to compare low-cost BMW X6 insurance in Houston? Finding low cost coverage rates on BMW X6 insurance in Houston can seem to be difficult for drivers not familiar with online price comparisons. People have so many different companies and agents to choose from that it can easily be a real difficult job to find better prices on BMW X6 insurance.
A recent survey discovered that the vast majority of consumers kept their coverage with the same insurance company for four years or more, and 38% of drivers have never quoted insurance rates at all. Consumers in America could save nearly $850 a year just by shopping around, but they just don’t understand the amount of savings they would get if they swap their current policy for a cheaper one.
Locating the most cost-effective insurance policy in Houston is much easier if you have a good place to start. Virtually every car owner who needs lower cost insurance will most likely find lower prices. But Texas drivers must comprehend the methods companies use to calculate their prices and use it to find better rates.
It’s important to know that comparing more rates from different companies will increase your chances of finding a lower rate than you’re paying now.
The following companies are our best choices to provide price quotes in Texas. If the list has multiple companies, it’s highly recommended you compare several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $286 | $602 | $400 | $24 | $120 | $1,432 | $119 |
| X6 50I AWD | $428 | $1044 | $430 | $26 | $128 | $2,056 | $171 |
| X6 ActiveHybrid AWD | $420 | $952 | $366 | $22 | $110 | $1,870 | $156 |
| X6 M AWD | $338 | $742 | $400 | $24 | $120 | $1,624 | $135 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can modify coverage rates significantly.
Difference between liability only and full coverage rates
The chart below shows the comparison of BMW X6 auto insurance costs with and without physical damage coverage. Data assumes no violations or accidents, $500 deductibles, single female driver, and no other discounts are factored in.
When to stop buying physical damage coverage
There is no clear-cut formula of when to phase out full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s pretend your BMW X6 book value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $6,000 after paying your policy deductible. If it’s costing you more than $600 a year for full coverage, then you may need to consider dropping full coverage.
There are some circumstances where eliminating full coverage is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Where to set your deductibles
When shopping for auto insurance, a common question is the level to set your comp and collision deductibles. The figures shown below may aid in understanding the cost difference of buying low and high physical damage coverage deductibles. The first set of rates uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $408 | $762 | $382 | $22 | $114 | $1,713 | $143 |
| X6 50I AWD | $446 | $850 | $382 | $22 | $114 | $1,839 | $153 |
| X6 ActiveHybrid AWD | $484 | $938 | $382 | $22 | $114 | $1,965 | $164 |
| X6 M AWD | $484 | $938 | $382 | $22 | $114 | $1,965 | $164 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $252 | $478 | $382 | $22 | $114 | $1,248 | $104 |
| X6 50I AWD | $276 | $534 | $382 | $22 | $114 | $1,328 | $111 |
| X6 ActiveHybrid AWD | $298 | $590 | $382 | $22 | $114 | $1,406 | $117 |
| X6 M AWD | $298 | $590 | $382 | $22 | $114 | $1,406 | $117 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can influence auto insurance rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible costs about $44 more each month or $528 every year than quoting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 17 months between claims, you would save money if you decide on a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $156 |
| Average monthly premium for $1,000 deductibles (subtract): | – $112 |
| Monthly savings from raising deductible: | $44 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $44 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
Auto insurance does more than just protect your car
Even though it can be expensive, insuring your vehicle is a good idea for several reasons.
First, almost all states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your car with a loan, almost all lenders will have a requirement that you have physical damage coverage to ensure loan repayment if the vehicle is totalled. If you do not pay your insurance premiums, the bank may insure your BMW for a lot more money and require you to reimburse them the higher price.
Third, auto insurance preserves both your assets and your vehicle. Insurance will pay for hospital and medical expenses that are the result of an accident. One policy coverage, liability insurance, will also pay to defend you if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having insurance greatly outweigh the cost, particularly for liability claims. The average driver in America overpays as much as $865 each year so it’s important to compare rates at every policy renewal to ensure rates are inline.
Car insurance in the media
Popular car insurance providers such as GEICO, State Farm and Progressive consistently run ads on television and other media. They all make the same claim that you’ll save big just by moving your policy. How is it possible that every company can claim to save you money? This is the trick they use.
Different companies look for specific characteristics for the type of driver that earns them a profit. One example of a driver they prefer should be over the age of 45, has no claims, and insures a new vehicle. Any customer that matches those criteria will most likely get cheap auto insurance rates and will most likely save some money.
Potential customers who are not a match for the “perfect” profile will be quoted higher prices and business not being written. Company advertisements say “drivers that switch” not “everybody who quotes” save money. This is how insurance companies can advertise the way they do. Because of these techniques, it’s extremely important to get a wide range of price quotes. You cannot predict which car insurance company will be your best fit.
Houston insurance discounts for a BMW X6
Car insurance is not inexpensive, but discounts can save money and there are some available that can drop the cost substantially. A few discounts will automatically apply when you purchase, but some discounts are required to be inquired about in order for you to get them. If you check and find you aren’t receiving every discount you qualify for, you could be paying more than you need to.
- Military Rewards – Being on active deployment in the military could mean lower rates.
- Accident Waiver – This one is not really a discount per se, but companies like Liberty Mutual and GEICO will let one accident slide without the usual rate increase if you have no claims for a specific time period.
- Payment Method – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
- Telematics Data Discounts – Houston drivers who agree to allow their insurance company to study where and when they drive by using a telematics device in their vehicle such as State Farm’s In-Drive may get a rate reduction as long as the data is positive.
- Home Ownership Discount – Owning a home in Houston can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
- Defensive Driving Course – Taking a safe driver course could cut 5% off your bill and make you a better driver.
- Sign Early and Save – Select companies give a discount for switching companies before your current X6 insurance policy expires. You may see this discount when you get Houston car insurance quotes online.
- Seat Belt Discounts – Using a seat belt and requiring all passengers to buckle up can save 10% or more on the premium charged for medical payments and/or PIP.
Remember that most discount credits are not given to the whole policy. Most cut the price of certain insurance coverages like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky.
If you would like to choose from a list of companies that offer discounts in Houston, click here.
When to have guidance from an agent
Certain consumers still prefer to get professional advice from a licensed agent. One of the benefits of comparing rates online is the fact that you can find better rates and still buy from a local agent.
For easy comparison, once you complete this simple form, the coverage information gets sent to participating agents in Houston that can give you free Houston car insurance quotes for your business. You won’t even need to search for an agent because prices are sent to your email. Get lower rates AND an agent nearby. If you wish to get a rate quote for a specific company, don’t hesitate to go to their quote page and give them your coverage information.
Finding the right company should depend on more than just a cheap price. Any good agent in Houston should know the answers to these questions.
- Which insurance companies are they affiliated with?
- Is assistance available after office hours?
- Will your rates increase after a single accident?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Will you get a loaner vehicle if you car is being repaired?
- Do they review policy coverages at every renewal?
- Do they have designations such as AIC, CPCU, or CIC?
Auto insurance agents in Houston come in two varieties
When finding a local agent, it can be helpful to understand the types of insurance agents and how they function. Insurance agents are considered either independent or exclusive depending on the company they work for.
Exclusive Agencies
Agents that elect to be exclusive can only quote rates from one company such as AAA, State Farm, Farmers Insurance, and Allstate. They are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agencies are trained well on their company’s products and that enables them to sell even at higher rates. Some people will only use the same exclusive agent partially due to high brand loyalty rather than low rates.
The following are exclusive insurance agencies in Houston willing to provide price quote information.
- State Farm: Jack Wallace
3405 Mercer St – Houston, TX 77027 – (713) 626-7500 – View Map - State Farm: Al Johnson
8121 Broadway St #230 – Houston, TX 77061 – (281) 481-5778 – View Map - Linda Tuck – State Farm Insurance Agent
2402 Bay Area Blvd g – Houston, TX 77058 – (281) 488-9050 – View Map
Independent Agencies or Brokers
Agents that choose to be independent often have affiliation with several companies and that gives them the ability to insure through lots of different companies depending on which coverage is best. If they find a cheaper price, the agent simply finds a different carrier and you won’t have to switch agencies.
If you are trying to find cheaper rates, you will definitely want to get several quotes from independent agents for the best price selection. Most independent agents also contract with different regional companies which could offer lower prices.
Below is a short list of independent insurance agencies in Houston willing to provide comparison quotes.
- Allrisc Insurance Agency
6918 Corporate Dr – Houston, TX 77036 – (713) 771-6000 – View Map - Texas Prime Insurance Agency, LLC
6750 West Loop S #430 – Bellaire, TX 77401 – (713) 750-9000 – View Map - Kingspoint Insurance Agency, Inc.
11200 Westheimer Rd #850 – Houston, TX 77042 – (713) 850-1660 – View Map
Once you have reasonable responses to your questions and an acceptable price quote, it’s possible that you found an insurance agency that is reputable and can insure your vehicles. Just understand that policyholders can cancel your policy for any reason so don’t assume you’re contractually obligated to any particular company for the full policy term.
Do I just need basic coverages?
When it comes to the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are unique to you and your car insurance should be unique as well.
For example, these questions may help you determine whether or not you may require specific advice.
- What does UM/UIM cover?
- Do I pay less if my vehicle is kept in my garage?
- Why do I need rental car insurance?
- Do I need to call my car insurance company before buying a new car?
- Who sells insurance for high-risk drivers?
- What does medical payments coverage do?
- How can I get high-risk coverage after a DUI?
- Am I getting all the discounts available?
- Is there coverage for injuries to my pets?
If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Cheap coverage is out there
Discount BMW X6 insurance in Houston is attainable from both online companies and from local insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies do not offer online quoting and these regional insurance providers provide coverage only through independent insurance agents.
You just learned a lot of tips how to save on BMW X6 insurance in Houston. It’s most important to understand that the more times you quote, the higher your chance of finding the cheapest BMW X6 rate quotes. You may even find the most savings is with an unexpected company. These smaller insurers may cover specific market segments cheaper compared to the large companies like Progressive or GEICO.
When you buy Houston car insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice liability limits or collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at the lowest possible cost and still be able to protect your assets.
Additional insurance information can be read at these links:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Jeep Wrangler in Houston? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Toyota Tacoma in Houston? (FAQ)
- What Insurance is Cheapest for a Toyota Highlander in Houston? (FAQ)
- Who Has the Cheapest Auto Insurance for a Kia Optima in Houston? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- Frontal Crash Tests (iihs.org)
- Five Mistakes to Avoid (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)