2015 BMW X1 Insurance Quotes

Want the cheapest auto insurance rates for your BMW X1? Sick and tired of robbing Peter to pay Paul each month for car insurance? You are no different than the majority of other car owners. Consumers have many insurers to buy insurance from, and though it is a good thing to have a choice, it can be more difficult to find a good deal.

It’s important to take a look at other company’s rates every six months because rates are constantly changing. Even if you think you had the lowest rates on X1 coverage a couple years back you can probably find a lower rate today. There is a lot of bad information regarding auto insurance on the web, but we’re going to give you some great ways to save money.

BMW X1 insurance rates have many determining factors

Consumers need to have an understanding of the factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that will entitle you to better auto insurance rates.

  • Older drivers save more – Teen drivers have a tendency to be careless and easily distracted when driving so auto insurance rates are higher. Having to add a youthful driver to your auto insurance policy can break the bank. More mature drivers are more cautious drivers, tend to file fewer claims and tend to be better behind the wheel.
  • Too many auto insurance claims drive up costs – If you are a frequent claim filer, you can pretty much guarantee higher rates. Companies provide cheaper rates to insureds who do not rely on their insurance for small claims. Insurance coverage is intended for the large, substantial claims.
  • Your location affects your rates – Being located in less populated areas is a positive aspect when buying auto insurance. Fewer people translates into fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have more traffic problems and a longer drive to work. Longer commute distances means more change of being in an accident.
  • Occupation reflects on rates – Occupations such as real estate brokers, social workers and stock brokers tend to have the highest rates attributed to stressful work requirements and long work days. On the other hand, occupations like actors, students and the unemployed receive lower rates on X1 coverage.
  • Pleasure use or commuting – Driving more miles each year the higher your rate. Almost all companies apply a rate based on their usage. Autos left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Make sure your auto insurance coverage shows the proper vehicle usage, because it can save money. If your policy improperly rates your X1 may be wasting your money.
  • Having a spouse can save you money – Getting married can actually save you money on your policy. Having a significant other translates into being more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
  • Better credit scores mean better rates – Having a bad credit rating is a large factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with lower credit scores. Therefore, if your credit can use some improvement, you could be paying less to insure your 2015 BMW X1 by repairing your credit.
  • One company can mean more discounts – Many insurers provide better rates to people who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you still need to shop around to make sure you are getting the best deal.

Lots of discounts mean lots of savings

Insurance can be prohibitively expensive, but you may find discounts that you may not know about. Most are applied when you purchase, but some must be manually applied before being credited. If you’re not getting every credit available, you are paying more than you should be.

  • Early Switch Discount – A few companies offer discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more on the medical payments or PIP coverage costs.
  • Multiple Vehicles – Having multiple vehicles with the same company may reduce the rate for each vehicle.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. The good student discount can last up until you turn 25.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.

Consumers should know that most discount credits are not given to all coverage premiums. Most only apply to individual premiums such as comp or med pay. Even though it may seem like all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will bring down your overall premium however.

To see a list of insurers offering car insurance discounts, click here to view.

Insurance myths debunked

Drivers can’t get away from ads that promise big savings from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise about savings after switching your coverage to them.

But how can every company say the same thing? This is how they do it.

Different companies can use profiling for the type of driver they prefer to insure. An example of a driver they prefer might be profiled as over the age of 50, has no driving citations, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and most likely will save quite a bit of money when switching.

Consumers who fall outside this ideal profile will be quoted higher rates and this can result in the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save that much money. That is how companies can advertise the savings.

This emphasizes why drivers should compare many company’s rates. It is impossible to predict which insurance company will give you the biggest savings on BMW X1 insurance.

Situations that might require an agent

When buying coverage for your vehicles, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions may help highlight if your situation could use an agent’s help.

  • Can I afford to buy a different vehicle if my 2015 BMW X1 is totaled?
  • What is the minimum liability in my state?
  • What are the best liability limits?
  • Why does it cost so much to insure a teen driver?
  • Am I covered by my spouse’s policy after a separation?
  • Is business equipment covered while in my vehicle?
  • Do I need rental car coverage?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and you can get the answers you need.

Parts of your insurance policy

Understanding the coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are the normal coverages available from insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when the “other guys” 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 X1.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages do not exceed the liability coverage limits.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, a tree branch falling on your vehicle, fire damage and hitting a bird. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverage

Collision coverage pays for damage to your X1 caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Insurance for medical payments

Med pay and PIP coverage provide coverage for bills such as dental work, pain medications, prosthetic devices and doctor visits. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for liability

This coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as court costs, medical expenses, bail bonds, loss of income and medical services. How much coverage you buy is your choice, but consider buying higher limits if possible.

In any little way, save everyday

You just learned a lot of information how to save on 2015 BMW X1 insurance. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the most savings is with some of the lesser-known companies. These companies often have lower prices on specific markets than their larger competitors like Progressive and GEICO.

Discount insurance can be purchased from both online companies and with local insurance agents, so you should compare both to have the best chance of lowering rates. Some companies do not offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

Much more information about insurance coverage can be read at these links: