View 2013 BMW 1 Series Insurance Quotes

No one gets a kick out of paying for insurance coverage, especially when the price is too high.

Drivers have multiple car insurance companies to insure vehicles with, and though it is a good thing to have a choice, having more auto insurance companies makes it harder to find a good deal.

It’s a great practice to shop coverage around before your policy renews since insurance prices are usually higher with each renewal. Despite the fact that you may have had the lowest rates on 1 Series insurance at your last renewal you can probably find a better rate quote now. Forget anything you know (or think you know) about insurance coverage because you’re about to learn how to quote online to eliminate unnecessary coverages and save money.

Low cost car insurance prices

There are several ways to compare prices from different insurance companies. The recommended way to compare 2013 BMW 1 Series insurance prices is to use the internet to compare rates. This can be accomplished in several different ways.

  • The simplest way to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This type of form prevents you from having to do a different quote for each company. Just one form gets you coverage quotes from multiple companies.
  • A less efficient way to find lower rates is going to each company’s website to request a price quote. For examples sake, let’s say you want to get rates from State Farm, Farmers and Liberty Mutual. To get rate quotes you would need to take the time to go to each site and enter your policy data, which explains why we recommend starting with the first method. For a handy list of car insurance company links in your area, click here.
  • The most time-consuming way to compare rates is to waste gas driving to and from local insurance agencies. The internet eliminates this option unless you prefer the professional advice that you can only get from talking to an agent. If you prefer, some companies allow you to find lower rates online and still use a local agent.

However you get your quotes, double check that you are using apples-to-apples deductibles and coverage limits on every quote. If the quotes have differing limits then you won’t be able to make an equal comparison. Just a small difference in coverages can make a big difference in price. It’s important to know that getting more free quotes increases the change that you will find better pricing. Not every company allows you to get quotes online, so it’s recommended that you also compare rates from them as well.

Verify you’re applying every discount

Car insurance is expensive, but you might find some hidden discounts that can drop the cost substantially. A few discounts will be applied when you complete an application, but a few must be requested specifically before they will apply.

  • Good Students Pay Less – This discount can save 20 to 25%. Most companies allow this discount up until you turn 25.
  • Driver Safety – Completing a defensive driver course could cut 5% off your bill and also improve your driving technique.
  • Military Discounts – Being deployed with a military unit could mean lower premium rates.
  • Own a Home – Being a homeowner can save you money due to the fact that maintaining a home requires personal responsibility.
  • Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase some life insurance in addition to your auto policy.

Don’t be surprised that most discount credits are not given to the entire policy premium. Most only cut individual premiums such as liability, collision or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, companies don’t profit that way. Any amount of discount will positively reduce the cost of your policy.

A few companies that may offer quotes with some of the discounts shown above may include but are not limited to:

Before you buy a policy, ask each company or agent to apply every possible discount. Depending on the company, some discounts might not be available to policyholders in your area.

Five tips to get cheap insurance costs

Smart consumers have a good feel for some of the elements that help calculate the level of your policy premiums. When consumers understand what influences your rates, this allows you to make good choices that may reward you with better insurance rates. Multiple criteria are used in the calculation when you get a price on insurance. Most are fairly basic such as traffic violations, but some are more transparent like your vehicle usage or how financially stable you are.

Listed below are a few of the things used by companies to determine your prices.

  • Save by driving less – The more you drive your BMW every year the more it will cost to insure it. Almost all companies apply a rate based on their usage. Vehicles that sit idle most of the time can get a lower rate as compared to vehicles used primarily for driving to work. Double check that your policy correctly shows the correct driver usage. Incorrect rating for your 1 Series is throwing money out the window.
  • Extra coverages you don’t need – Insurance policies have a lot of extra add-on coverages that you can get tricked into buying but may not be useful. Things like personal injury protection, accidental death, and extra life insurance coverage could be just wasting money. The coverages may be enticing initially, but if you have no use for them eliminate them to save money.
  • Insurance lapses lead to higher insurance rates – Having an insurance coverage lapse can be a sure-fire way to bump up your insurance costs. And not only will your rates increase, failure to provide proof of insurance will get you a fine, jail time, or a revoked license.
  • Where you live is a factor – Having an address in less populated areas of the country may provide you with better prices when shopping for auto insurance. Less people corresponds to lower accident rates and also fewer theft and vandalism claims. Drivers in populated areas have more traffic problems and more severe claims. More time commuting means more chance of being in an accident.
  • Lower rates by increasing deductibles – Your deductibles are the amount of money the insured will be required to pay if a claim is determined to be covered. Protection for physical damage, aka comp and collision, covers damage that occurs to your car. Some coverage claims would be collision with another vehicle, damage from fire, and damage from wind. The more money you are required to pay out-of-pocket, the less your insurance will be on 1 Series insurance.

When should I discuss my situation with an agent?

When choosing proper insurance coverage, there really is no cookie cutter policy. Every situation is different so your insurance needs to address that. For instance, these questions can aid in determining whether your personal situation would benefit from professional advice.

  • Do I need PIP coverage since I have good health insurance?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I have coverage when pulling a U-Haul trailer?
  • Which companies will insure high-risk drivers?
  • When should I drop full coverage on my 2013 BMW 1 Series?
  • Are all vehicle passengers covered by medical payments coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverage companies are expert advertisers

Companies like Progressive, GEICO, Allstate and State Farm seem to constantly run ads in print and on television. All the companies make an identical promise that people will save after switching your coverage to them. How can each company charge less that you’re paying now? You have to listen carefully.

Most companies quote the lowest rates for the type of insured that will most likely be profitable. One example of a desirable insured might have to be over the age of 45, has no driving citations, and drives a vehicle with a low ISO rating. Anyone who meets those qualifications receives the best premium rates and will save if they switch.

Insureds who cannot meet those standards may be forced to pay a more expensive rate and this results in the driver buying from a lower-cost company. The trick is to say “drivers who switch” but not “all drivers who get quotes” save that much when switching. This is how companies can truthfully make the claims of big savings.

This really emphasizes why you need to compare as many free car insurance quotes as you can. Because without a comparison, you cannot know with any certainty which company will have the best car insurance rates.

Auto insurance coverage information

Knowing the specifics of your policy can be of help when determining the best coverages for your vehicles. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types offered by car insurance companies.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a deer, rock chips in glass, damage from getting keyed, damage from a tornado or hurricane and hitting a bird. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your BMW 1 Series.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Collision protection

Collision coverage covers damage to your 1 Series resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like damaging your car on a curb, sustaining damage from a pot hole, scraping a guard rail, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Liability auto insurance

Liability coverage protects you from injuries or damage you cause to other people or property that is your fault. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things like legal defense fees, medical services and bail bonds. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as chiropractic care, prosthetic devices and X-ray expenses. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Smart consumers save more

More affordable insurance can be bought on the web and with local insurance agents, so get free car insurance quotes from both of them to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and most of the time these regional carriers work with local independent agents.

We just presented many ways to lower your 2013 BMW 1 Series insurance rates. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding affordable car insurance. You may be surprised to find that the lowest rates come from the least-expected company. Smaller companies often have lower car insurance rates on specific markets compared to the large companies like Progressive and GEICO.

Much more information about insurance can be found at the links below