2014 BMW X1 Insurance Rates – 8 Ways to Save

Looking for lower car insurance rates for your BMW X1? Are you a victim of high-priced car insurance? Believe me, there are many consumers feeling the pinch from expensive car insurance.

Because you have many different company options, it’s difficult to find the most affordable provider.

You need to get comparison quotes once or twice a year since rates tend to go up over time. Despite the fact that you may have had the lowest rates for X1 insurance two years ago a different company probably has better rates today. Block out anything you think you know about car insurance because we’re going to demonstrate the quickest way to lower your rates without sacrificing coverage.

Save money by taking advantage of these eight discounts

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help bring down the price. Certain discounts will be applied when you purchase, but less common discounts must be requested specifically before you will receive the discount.

  • Defensive Driving Course – Successfully completing a course teaching defensive driving skills can save you 5% or more depending on where you live.
  • Senior Discount – Older drivers may receive better auto insurance rates for X1 insurance.
  • Life Insurance Discount – Larger companies have better rates if you take out life insurance.
  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.
  • Paperwork-free – Some insurance companies may give you up to $50 for buying your policy on their website.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • New Car Discount – Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.

Drivers should understand that most discounts do not apply to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So when the math indicates you could get a free auto insurance policy, you’re out of luck. But all discounts will reduce your premiums.

A partial list of companies that may offer these money-saving discounts include:

Check with each company how you can save money. Savings may not apply in your area.

The fastest way that we advise to compare policy rates takes advantage of the fact most larger insurance companies allow for online access to provide you with a free rate quote. All consumers are required to do is provide the companies a bit of rating information such as an estimate of your credit level, how much school you completed, level of coverage desired, and how much you drive. That rating data is instantly sent to many of the top insurers and you will receive price estimates with very little delay.

To compare multiple company rates now, click here and find out if you can get cheaper insurance.

When should I use an insurance agent?

When it comes to choosing adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions can aid in determining whether or not you might need professional guidance.

  • Do I really need UM/UIM coverage?
  • How much liability insurance is required?
  • Does my insurance cover a custom paint job?
  • Am I insured when driving a different vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • How can I force my company to pay a claim?
  • Can my babysitter drive my car?
  • Are there companies who specialize in insuring high-risk drivers?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Coverage specifics

Knowing the specifics of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Listed below are typical coverages found on the average car insurance policy.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for chiropractic care, ambulance fees, surgery and nursing services. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Auto liability – This can cover damage or injury you incur to other’s property or people in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like bail bonds, medical services, pain and suffering, legal defense fees and funeral expenses. How much coverage you buy is up to you, but consider buying as large an amount as possible.

Collision coverage – Collision coverage covers damage to your X1 resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like colliding with a tree, scraping a guard rail, colliding with another moving vehicle and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your BMW X1.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits are set the same as your liablity limits.

Comprehensive coverage – This coverage covers 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 such as vandalism, damage from flooding, damage from getting keyed and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

More comparisons equals lower rates

When you buy insurance online, it’s a bad idea to buy poor coverage just to save money. There are too many instances where drivers have reduced full coverage and discovered at claim time that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

Lower-priced 2014 BMW X1 insurance can be sourced from both online companies in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers do not provide you the ability to get quotes online and these smaller companies work with independent agents.

In this article, we presented a lot of tips how to reduce insurance prices online. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers may even find the best price on car insurance is with a company that doesn’t do a lot of advertising. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like State Farm and Allstate.

For more information, feel free to visit the articles below: