2011 BMW ActiveHybrid 7 Insurance Cost – 7 Tips for Cheaper Prices

Looking for the cheapest insurance rates for your BMW ActiveHybrid 7? Are you sick and tired of paying out the nose to buy insurance? You are no different than many other drivers. Companies like State Farm, Allstate, GEICO and Progressive promote their brand names with ads and it is difficult to ignore the propoganda and take the time to shop coverage around.

You need to compare prices before your policy renews because prices are rarely the same from one policy term to another. Just because you had the best rates for ActiveHybrid 7 coverage six months ago other companies may now be cheaper. Forget all the misinformation about insurance because I’m going to let you in on the secrets to the only way to buy cheaper insurance.

If you have a policy now or are shopping for new coverage, you can use these techniques to shop for the lowest rates and possibly find even better coverage. Finding the best rates is not that difficult. Drivers only need to know the tricks to compare company rates online.

Affordable insurance quotes

Finding a better price on insurance is an easy way to save money. You just have to take a couple of minutes comparing rate quotes to see which company has cheap insurance coverage quotes. This can be accomplished in several different ways.

The single most time-saving way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This style of form prevents you from having to do separate quotes for each company you want a rate for. One simple form will return price quotes from multiple low-cost companies.

A more difficult way to find lower rates is to take the time to go to each company’s website and complete a new quote form. For examples sake, we’ll assume you need rates from GEICO, Liberty Mutual and Allstate. You would be required to go to every website to enter the same coverage data repeatedly, and that explains why we recommend the first method.

For a list of links to companies insuring cars in your area, click here.

You can choose any of those ways to find more affodable coverage, but be certain you are entering the exact same quote data on every quote you get. If you use different deductibles it will be next to impossible to decipher which rate is best.

Find discounts to get cheap auto insurance rates

Auto insurance is not an enjoyable expense, but there may be some discounts that can drop the cost substantially. Certain reductions will be credited at the time of purchase, but some discounts are required to be asked about prior to receiving the credit.

  • Multiple Vehicles – Buying a policy with multiple cars on one policy may reduce the rate for each vehicle.
  • No Claims – Drivers who stay claim-free pay less when compared to accident-prone drivers.
  • Theft Prevention System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft and that can save you a little bit as well.
  • Paperless Signup – Some companies give back up to $50 for buying your policy on the web.
  • Accident Waiver – This isn’t a discount exactly, but companies like Allstate, Progressive, and GEICO allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a specific time period.
  • Senior Citizen Discount – Drivers that qualify as senior citizens can get a slight reduction on a insurance coverage quote for ActiveHybrid 7 coverage.
  • ABS and Traction Control Discounts – Vehicles with ABS and/or traction control can stop better under adverse conditions and the ABS can save up to 10%.

Don’t be shocked that most credits do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

Large auto insurance companies and a selection of discounts are shown below.

  • GEICO may have discounts that include good student, multi-policy, federal employee, air bags, and emergency military deployment.
  • Auto-Owners Insurance has savings for teen driver, paid in full, student away at school, safe driver, good student, group or association, and anti-lock brakes.
  • American Family has discounts for early bird, accident-free, good driver, air bags, multi-vehicle, and mySafetyValet.
  • Esurance offers premium reductions for paid-in-full, anti-lock brakes, renters, defensive driver, multi-policy, and anti-theft.
  • Progressive may offer discounts for homeowner, online signing, online quote discount, continuous coverage, multi-vehicle, and good student.
  • State Farm discounts include multiple autos, Steer Clear safe driver discount, good driver, Drive Safe & Save, accident-free, and driver’s education.
  • AAA includes discounts for pay-in-full, multi-car, education and occupation, anti-theft, and AAA membership discount.

Double check with every prospective company which discounts you may be entitled to. Savings may not apply to policies in your area. If you would like to view auto insurance companies offering auto insurance discounts, follow this link.

Tailor your car insurance coverage to you

When it comes to choosing coverage for your vehicles, there is no perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. These are some specific questions can help discover if you will benefit from professional help.

  • Who is covered when they drive my 2011 BMW ActiveHybrid 7?
  • Should I sign the liability waiver when renting a car?
  • When should I drop full coverage on my 2011 BMW ActiveHybrid 7?
  • Do all my vehicles need collision coverage?
  • Can I rent a car in Mexico?
  • Do I need motorclub coverage?
  • Can I drive in Mexico and have coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Beware of misleading insurance coverage ads

Consumers can’t get away from ads that promise big savings for switching from companies such as Progressive, Allstate and GEICO. They all advertise claims of big savings if you switch to their company.

How can each company give you a lower rate? It’s all in the numbers.

Insurance providers have specific characteristics for the type of customer that makes them money. For instance, a driver they prefer might be over the age of 45, has a clear driving record, and drives less than 7,500 miles a year. A driver that matches those criteria will get very good premium rates and have a good chance to save a lot if they switch.

Potential customers who fall short of these stringent criteria may be forced to pay higher prices which results in business not being written. The ads state “customers that switch” not “everyone who quotes” save that much money. That is how insurance companies can confidently make it sound like they have such great prices. Because of the profiling, you should do a price quote comparison at every renewal. It’s just too difficult to predict which company will have the lowest premium rates for your situation.

Auto insurance 101

Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are typical coverages found on the average auto insurance policy.

Comprehensive protection

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

Comprehensive coverage protects against things like hitting a deer, falling objects, hitting a bird and hail damage. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

This protects you from damage that occurs to other’s property or people that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like bail bonds, loss of income, court costs, emergency aid and attorney fees. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your BMW ActiveHybrid 7.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Collision coverage

Collision coverage covers damage to your ActiveHybrid 7 resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like sustaining damage from a pot hole, backing into a parked car, colliding with another moving vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like prosthetic devices, dental work, hospital visits, rehabilitation expenses and surgery. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Saving money makes a lot of cents

We’ve covered a lot of techniques to save on 2011 BMW ActiveHybrid 7 insurance. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the biggest savings come from some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

As you restructure your insurance plan, do not reduce coverage to reduce premium. There are a lot of situations where someone dropped comprehensive coverage or liability limits and discovered at claim time they didn’t have enough coverage. Your objective should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

More affordable car insurance is definitely available online in addition to many insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance providers may not offer rates over the internet and usually these smaller companies provide coverage only through independent agencies.

Helpful articles