2013 BMW 1 Series Insurance Cost

Sick and tired of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as most other car owners. Many car insurance companies vie for your business, and because of this it can be hard to compare auto insurance companies to find the lowest rate

Smart consumers take time to do rate comparisons once or twice a year since insurance rates tend to go up over time. Just because you found the best rates for 1 Series insurance a year ago you can probably find a lower rate today. You can find a lot of wrong information about car insurance on the internet, so I’m going to show you some tested techniques to stop overpaying for insurance.

Do you qualify for discounts?

Car insurance companies don’t always publicize every discount in an easy-to-find place, so we took the time to find both well-publicized and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Multi-policy Discount – If you have multiple policies with one company you will save up to 20% off your total premium.
  • Paperless Signup – Certain companies give back up to $50 just for signing your application on their website.
  • Safe Drivers – Safe drivers may save up to 50% more for 1 Series insurance than less cautious drivers.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
  • Resident Student – Children living away from home attending college and don’t have a car can be insured at a reduced rate.
  • Passive Restraint Discount – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Government Employees – Simply working for the federal government may qualify you for a discount for 1 Series insurance with certain companies.

It’s important to note that most of the big mark downs will not be given to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. So despite the fact that it appears it’s possible to get free car insurance, it just doesn’t work that way.

For a list of insurers with the best auto insurance discounts, click here to view.

Don’t assume everyone needs the same coverage

When choosing proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions may help highlight if your insurance needs might need an agent’s assistance.

  • What can I do if my company won’t pay a claim?
  • Can I afford low physical damage deductibles?
  • What is the ISO rating for a 2013 BMW 1 Series?
  • Will my insurance pay for OEM parts?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Is my ex-spouse still covered by my policy?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.

Do drivers who switch really save?

Drivers can’t get away from ads for car insurance savings by companies like GEICO, State Farm and Progressive. All the ads make an identical promise that you’ll save big if you change to them.

How does each company say the same thing? It’s all in the numbers.

Different companies have a preferred profile for the type of driver that earns them a profit. For example, a driver they prefer could possibly be between the ages of 30 and 50, owns a home, and has a short commute. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save when switching.

Consumers who are not a match for these standards will have to pay a more expensive rate which leads to the customer not buying. The ads state “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can confidently advertise the way they do. Because of the profiling, you should get a wide range of price quotes. It’s not possible to predict the company that will fit your personal profile best.

Auto insurance coverage options for a BMW 1 Series

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages found on the average auto insurance policy.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses like hospital visits, nursing services and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, hail damage, damage from getting keyed and a broken windshield. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your BMW 1 Series.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision protection

This coverage covers damage to your 1 Series resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as damaging your car on a curb, sideswiping another vehicle and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Liability auto insurance

Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers claims such as medical services, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Affordable insurance is out there

You just learned many tips how you can shop for 2013 BMW 1 Series insurance online. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. You may be surprised to find that the lowest rates come from a small mutual company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive or GEICO.

Cost effective insurance can be purchased both online and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. There are still a few companies who may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

More detailed auto insurance information is located by following these links: