Cheap 2011 BMW 1 Series Car Insurance Cost

Trying to find cheaper car insurance rates for your BMW 1 Series? No normal person likes buying car insurance, especially when they are aware that the cost is too high. Big companies like GEICO and Progressive constantly bombard you with ads and it can be hard to sift through the bull and effectively compare rates to find the best deal.

It’s a good habit to do price comparisons before your next renewal due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you found the lowest price for 1 Series coverage two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the best methods to properly buy coverages while reducing your premium.

Get affordable auto insurance with discounts

The cost of insuring your cars can be expensive, but you may qualify for discounts that can help lower your rates. A few discounts will automatically apply at quote time, but some discounts are required to be specially asked for before you get the savings.

  • Anti-lock Brake Discount – Cars equipped with ABS or steering control are much safer to drive and will save you 10% or more.
  • Good Students Pay Less – This discount may save you up to 25%. The good student discount can last well after school through age 25.
  • Paperwork-free – A few larger companies may give you up to $50 for signing up online.
  • College Student – Children who are enrolled in a college that is more than 100 miles from home and do not take a car to college may qualify for this discount.
  • Pay Now and Pay Less – If you pay your bill all at once rather than paying in monthly installments you can actually save on your bill.

One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Auto insurance companies that may include most of these discounts may include but are not limited to:

It’s a good idea to ask each insurance company how you can save money. Discounts may not apply in your area. If you would like to see a list of auto insurance companies that offer many of these discounts, click this link.

Buy insurance coverage online

Getting a cheaper price on 2011 BMW 1 Series insurance doesn’t have to be difficult. The only requirement is to spend a little time comparing free car insurance quotes from online providers. You can get a good selection of rate quotes in several different ways.

  • The fastest way to get quotes is to use a rate comparison form (click to open form in new window). This quick form keeps you from doing boring form submissions for every prospective company. One quote request gets prices estimates from multiple companies.
  • A slightly less efficient method to find lower rates requires a visit to the website of each company and repeat the quote process again and again. For example, let’s assume you want to see prices from State Farm, Liberty Mutual and Farmers. To get each rate you have to go to each individual site to input your insurance information, which can get old fast.

    For a list of companies in your area, click here.

  • The old school way to compare rates is to spend your day driving to different agent offices. Buying insurance online eliminates the middleman unless you’re the type of person who wants the guidance of a local agent. Although you can price shop your coverage online but still have the advice of a local agent.

It’s your choice how you get your quotes, but try to keep apples-to-apples coverage limits and deductibles for every quote you compare. If you have differing limits you can’t possibly decipher which rate is best.

What affects BMW 1 Series insurance prices?

Lots of factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as traffic violations, but other factors are more transparent like your continuous coverage or how safe your car is.An important part of buying insurance is that you know some of the factors that aid in calculating the rates you pay for insurance coverage. If you understand what controls the rates you pay, this enables informed choices that can help you get lower rates.

Shown below are just a few of the factors used by your company to calculate your premiums.

  • Only buy what you need – There are quite a few add-on coverages that may not really be needed on your 1 Series policy. Insurance for things like rental car coverage, better glass coverage, and extra life insurance coverage are probably not needed. They may seem like a good idea when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Raise comp and collision deductibles and save – The deductibles you choose tell how much you are required to spend if the claim is covered. Physical damage protection, aka comp and collision, insures against damage to your car. Some examples of covered claims are rearending another vehicle, animal collisions, and having a roll-over accident. The more you pay before a claim is paid (deductible), the better rate you will receive for 1 Series coverage.
  • Men drivers tend to cost more – Over time, data shows that females tend to be a little less risky than males. The data does not necessarily mean that females are better at driving than males. Both genders have at-fault accidents at a similar rate, but guys have costlier accidents. Men also tend to get more serious tickets such as reckless driving. Male drivers age 16 to 19 have the highest risk to insure and therefore pay the highest rates.
  • How much liability – The liability coverage on your policy kicks in in the event that you are ruled to be at fault for personal injury or accident damage. This coverage provides legal defense to defend your case. Liability is cheap compared to other policy coverages, so buy as much as you can afford.
  • Prices impacted by your city – Choosing to live in a small town may provide you with better prices when insuring your vehicles. Drivers who live in large cities have to deal with more aggressive driving styles and a longer drive to work. Lower population corresponds to lower accident rates in addition to lower liability claims
  • Better credit means lower premiums – Having a bad credit rating can be an important factor in determining what you pay. If your credit score could use some work, you may save money insuring your 2011 BMW 1 Series by spending a little time repairing your credit. Consumers who have high credit scores tend to be less risk to insure than drivers with lower credit ratings.

Tailor your car insurance coverage to you

When it comes to buying the best car insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help you determine whether you will benefit from professional help.

  • Is my custom paint covered by insurance?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • Is my teenager covered with friends in the car?
  • Do I need rental car coverage?
  • When do I need to add a new car to my policy?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and you can get the answers you need.

Insurance coverage basics

Knowing the specifics of a insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages available from insurance companies.

Comprehensive protection

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, damage from getting keyed and a broken windshield. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a building, damaging your car on a curb, colliding with another moving vehicle, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Coverage for medical payments and/or PIP pay for immediate expenses for X-ray expenses, surgery, rehabilitation expenses and ambulance fees. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

This provides protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries and damage to your 2011 BMW 1 Series.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Liability

Liability insurance protects you from damage that occurs to people or other property that is your fault. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things such as loss of income, emergency aid and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

A tidy conclusion

As you prepare to switch companies, you should never buy poor coverage just to save money. In too many instances, an insured dropped liability coverage limits only to regret that it was a big mistake. Your objective should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

We just covered a lot of techniques to lower your 2011 BMW 1 Series insurance rates. The most important thing to understand is the more companies you get car insurance rates for, the higher your chance of finding inexpensive car insurance. You may even find the best rates are with the smaller companies. Regional companies can often provide lower car insurance rates in certain areas than their larger competitors like GEICO and State Farm.

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