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BMW is a reputable German manufacturer with a global reach. Its X3 model will provide you with the most thrilling driving experience of your life thanks to its svelte exteriors, sumptuous interiors, and high-performance capabilities. If your car is luxurious down to the last detail, you need insurance that covers every square inch of it. Therefore, safeguarding your BMW X3 from unforeseen dangers becomes everyone's top priority when you own one. Check out the BMW X4 insurance plans available now. 

BMW X3 Variants

Here are the 3 BMW X3 variants:

BMW X3 Variants

BMW X3 Ex-Showroom Price

Fuel Type

Proposed Third-Party Premium Rates (Rs.) FY 2022-23

 

(effective 1st April, 2022)

X3 xDrive30i SportX Plus

₹61.89 Lakh

Petrol

Rs. 7,897

X3 xDrive30i M Sport

₹67.50 Lakh

Petrol

Rs. 7,897

X3 xDrive20d Luxury Edition

₹66.50 Lakh

Diesel

Rs. 7,897

How to Apply for BMW X3 Car Insurance Online

Follow the below steps to apply for BMW X3 insurance online.

 

  • Step 1: Visit the ‘car insurance premium calculator’ page on Bajaj Markets.

  • Step 2: Enter your car details as well as personal details onto the website.

  • Step 3: Choose a BMW X3 car insurance plan from the options presented on the screen.

  • Step 4: Upload the necessary documents and make the online insurance premium payment.

  • Step 5: Your BMW X3 insurance will soon be activated and the details will be sent to your email id.

How to Renew BMW X3 Insurance

Here’s the step-by-step guide for BMW X3 car insurance renewal.

 

  • Step 1: Visit the official website of your insurance provider.

  • Step 2: Enter your car registration number and phone number.

  • Step 3: Enter your policy details and check your renewal premium amount.

  • Step 4: Finally, pay your premium online through any payment method and download your renewed X3 insurance policy.

Why Insure Your BMW X3

BMW X3 isn't your random commute vehicle. It helps you make a strong social statement. Now, you may wonder why? Well, take a hint from its ex-showroom price mentioned above. A car that is capable of elevating your social status must look and feel brand new at any given point. However, endless perils like natural calamities and accidents lurk around your X3 to make it seem impossible. After all, repairing the damages caused by an accident can bring your savings down by ₹60,000 at the least. So, if you want your savings to be intact, comprehensive car insurance is your best bet. With motor insurance plans, you can drive without any worry because your insurer has got your back.

Types of BMW X3 Car Insurance Plans

There are 2 main types of BMW X3 car insurance plans. Let’s understand the two in brief.

  • Third-Party Insurance Cover

A third-party car insurance policy is made mandatory by law. As the name suggests, it protects you against third-party liabilities such as injury, death, damage to property, etc. However, it doesn’t include any coverage for you and your car.

  • Comprehensive Insurance Cover

Unlike the third-party cover, a comprehensive car insurance policy protects you and the third party against unanticipated emergencies. You can also enhance the benefits of this plan using add-on covers. You also get coverage in case of permanent disability or death.

What’s Covered Under BMW X3 Insurance?

The inclusions under BMW X3 insurance are situations like accidental damages, natural and man-made disasters, theft, coverage for third-party damages, etc.

What’s Not Covered Under BMW X3 Insurance?

The exclusions under BMW X3 insurance constitute situations like accidents due to drunk driving or driving under influence of drugs, providing incorrect information to the insurer, electrical or mechanical breakdown, regular wear and tear of car parts, etc.

Add-On Covers for Your BMW X3 Car Insurance

Give your X3 some extra protection with the following add-on covers:

  • No Claim Bonus Protection

Keep your no claim bonus in car insurance secure even after making a couple of claims during the policy period with this add-on.

  • Passenger Cover

With this cover, you can protect the passengers travelling with you during accidents.

  • Personal Accident Cover

The personal accident add-on covers you against serious accidents that lead to permanent disability or demise.

  • Return to Invoice Cover

With this cover, the insurance company will credit the invoice value of your BMW X3 in case of theft. The invoice value is the purchase price.

  • Roadside Assistance Cover

The roadside assistance cover has got your back 24x7! You won’t have to worry about being stranded on the road due to sudden breakdowns with this add-on.

BMW X3 Insurance Claim Process

There are 2 ways of claiming your BMW X3 car insurance. Let’s understand the two in brief.

Claim Cashless Car Insurance for BMW X3

The cashless settlement option enables you to forgo the daunting reimbursement process. By opting for this feature, you ask your insurer to directly settle the payment with the garage. However, ensure you visit one of the network garages to avail this benefit.

Claim Reimbursement for BMW X3

With this feature, you first make the payment and then claim reimbursement. The insurance company processes your claim once your bills and documents are assessed.

Now, it’s time to take a look at the documents you will need while filing a car insurance claim:

  • BMW X3 insurance policy document

  • Details of your insured car

  • Copy of the FIR in case of theft

  • Original bills of the car repairs

  • Personal details of the insurer

  • Copy of the driver’s licence

Smart Hacks to Reduce BMW X3 Insurance Premium

You can lower your BMW X3 car insurance premium price with our insider tips:

  • Avoid Raising Small Claims

Here’s a fact: Raising too many claims can lead to a higher premium! Hence, try to manage inexpensive repair costs by yourself and keep your claim frequency low.

  • Use No Claim Bonus

Maintaining a claim-free policy period lets you avail the No Claim Bonus on your X3 insurance renewal premium!

  • Opt for Anti-Theft Devices

Installing ARAI-approved anti-theft devices in your BMW can help reduce the car insurance price instantly. After all, it makes you less prone to making theft-related claims.

  • Maintain Your Car

Making sure your BMW is in the best shape reduces the probability of making any repair claims arising out of vehicular problems. This thereby ensures your NCB reward is secure!

How to Maintain Your BMW X3 Car

  • Scheduled Servicing

Getting your car serviced as per the maintenance schedule can keep this luxury car as good as new!

  • Change Vital Fluids

Vital fluids like engine oil, transmission oil, brake oil, etc., are crucial for the smooth functioning of your vehicle, so change them regularly.

  • Clean Your Vehicle

To avoid any build-up of dirt or debris on your car, make sure you clean it and park it in sheltered regions.

  • Check the Tyre Pressure

Avoid any type of internal tyre issues by keeping a check on the tyre pressure before heading out in your BMW X3.

Summing it Up!

Though the BMW X3 is a luxurious, high-powered car, you need a car insurance cover to ensure its glory continues. Without one, you would end up bearing the entire repair and maintenance cost. Hence, check out our range of car insurance plans at Bajaj Markets to give your car the best coverage at the best BMW X3 insurance cost.

Check Out Car Insurance Partners Available at Bajaj Markets

FAQs on BMW X3 Insurance

Can I buy BMW X3 insurance online?

Yes. With Bajaj Markets, you can buy, renew, and make car insurance claims online.

What is the BMW X3 fuel tank capacity?

The BMW X3 fuel tank capacity ranges between 65 L to 68 L.

What is the BMW X3 weight?

The BMW X3 weight is 1,790 - 1,825 kg.

What is BMW X3 mileage?

The BMW X3 mileage is 13-17 km/l combined.

What is the BMW X3 price?

The BMW X3 price starts at ₹61.89 lakh.

Can I opt for a higher IDV for my BMW X3?

Yes. However, a higher IDV also means a higher premium rate. Hence, it is advisable to go for an IDV that is appropriate for your car.

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