How Much Does 2009 BMW 1 Series Insurance Cost?

Are you irritated from sacrificing each month for car insurance? You are no different than most other consumers.

Numerous car insurance companies battle for your hard-earned dollar, so it’s not easy to compare every insurance company to find the absolute lowest cost out there.

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these methods. Choosing the best insurance company for you is easy if you know what you’re doing. But consumers must know how the larger insurance companies price online insurance and take advantage of how the system works.

Ways to get car insurance rate quotes

There are several ways to compare car insurance prices and some are less time-consuming than others. You can spend your afternoon talking about coverages with insurance agencies in your area, or you can stay home and use the web to get the quickest rates.

Most of the best insurance companies belong to a marketplace that enables customers to complete one form, and each company provides a quote based on that information. This prevents consumers from doing quote forms to each company.

To compare pricing click here to open in new window.

The only drawback to comparing rates this way is you cannot specify the providers you will receive quotes from. If you prefer to choose from a list of companies to receive pricing from, we have a listing of car insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but make darn sure you compare the same coverages and limits for every quote you compare. If the quotes have different coverage information you can’t possibly determine the lowest rate for your BMW 1 Series. Slightly different insurance coverages or limits may cause a big price difference. Just keep in mind that having more price comparisons helps increase your odds of locating a better price. Some smaller insurers to not give online price quotes, so it’s recommended that you also compare prices on coverage from those companies, too.

Discounts for cheaper auto insurance rates

Auto insurance is not cheap nor is it fun to buy but you may be missing some discounts to help offset the cost. A few discounts will automatically apply at quote time, but less common discounts must be manually applied prior to getting the savings.

  • Military Discounts – Having a family member in the military can result in better prices.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could save 15% off the PIP or medical payment premium.
  • Accident Forgiveness – Not necessarily a discount, but a few companies such as Liberty Mutual, Allstate and State Farm will forgive one accident without raising rates as long as you don’t have any claims before the accident.
  • Early Switch Discount – A few larger companies give discounts for switching to them prior to your current policy expiring. You could save around 10% when you buy insurance coverage online.
  • Passenger Safety Discount – Vehicles equipped with air bags or motorized seat belts may get savings as much as 30%.
  • Discounts for Federal Employees – Federal government employees may reduce rates when you quote insurance coverage for 1 Series insurance with a few auto insurance companies.
  • Policy Bundle Discount – When you combine your auto and homeowners insurance and insure them with the same company you will save approximately 10% to 15%.
  • Paperless Signup – Some of the larger companies give back up to $50 for buying a policy and signing up on your computer.

Consumers should know that most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you could get a free auto insurance policy, companies don’t profit that way.

To choose insurers with discount rates, follow this link.

You may need specialized insurance coverage coverage

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining whether you might need professional guidance.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is no-fault insurance?
  • When do I need to add a new car to my policy?
  • What is high-risk coverage and where do I buy it?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I benefit by insuring my home with the same company?
  • Is business property covered if stolen from my car?
  • How do I buy GAP insurance?

If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.

Specific coverages for a BMW 1 Series

Knowing the specifics of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the usual coverages found on the average car insurance policy.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your BMW 1 Series.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Usually these limits are set the same as your liablity limits.

Collision protection

Collision coverage pays for damage to your 1 Series caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a mailbox, crashing into a building, scraping a guard rail, backing into a parked car and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from flooding, hitting a bird and a broken windshield. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for short-term medical expenses like rehabilitation expenses, funeral costs and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Auto liability insurance

Liability insurance can cover damage that occurs to other people or property. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage pays for things like court costs, repair bills for other people’s vehicles, repair costs for stationary objects and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Never pay more for less

We’ve covered many ways to lower your 2009 BMW 1 Series insurance premium rates. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding inexpensive insurance coverage. You may even discover the best price on car insurance is with a small local company. These companies can often insure niche markets at a lower cost compared to the large companies like Progressive or GEICO.

When buying insurance coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured cut liability coverage limits and found out when filing a claim that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

Even more information is located in the articles below: