2014 BMW X1 Car Insurance Cost – 5 Tips for Cheapest Prices

Looking for better auto insurance rates for your BMW X1? Locating affordable auto insurance on the internet can appear to be problematic for vehicle owners not familiar with online price comparisons. With a ridiculous number of insurers available, how can anyone even start to compare every company to locate better auto insurance prices?

If you currently have a car insurance policy, you should be able to lower your premiums substantially using these techniques. Shopping for cheaper protection is not that difficult. Although consumers do need to understand the methods companies use to market on the web because it can help you find the best coverage.

Five discounts for affordable insurance coverage rates

Auto insurance companies don’t always list all available discounts in an easy-to-find place, so the following list contains some of the best known in addition to some of the lesser obvious discounts that you may qualify for.

  • Accident Free – Claim-free drivers pay much less when compared with accident-prone drivers.
  • Theft Deterent System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
  • Passive Restraints and Air Bags – Factory air bags may earn rate discounts of up to 25% or more.
  • Discount for New Cars – Buying a new car instead of a used car may earn a small discount due to better safety requirements for new vehicles.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.

One last thing about discounts, most discount credits are not given to your bottom line cost. Some only reduce specific coverage prices like comprehensive or collision. Just because it seems like you could get a free insurance coverage policy, it just doesn’t work that way. But all discounts will help reduce the amount you have to pay.

Companies that may offer policyholders some of the discounts shown above include:

If you want inexpensive insurance quotes, ask each company or agent which discounts they offer. Savings may not apply to policies in your area.

You may need specialized auto insurance coverage

When it comes to buying the right insurance coverage, there is no best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that may help highlight whether or not you may require specific advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I have coverage if my license is suspended?
  • Do I need more liability coverage?
  • Is my nanny covered when driving my vehicle?
  • Am I covered when using my vehicle for business?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.

Buyer beware of insurance advertising tricks

Allstate and Progressive consistently run ads on TV and radio. All the companies have a common claim about how much you will save if you move your insurance coverage to their company. How is it possible that every company can make the same claim?

Most companies quote their best rates for the right customer that is profitable for them. For instance, a preferred risk might be over the age of 45, insures multiple vehicles, and drives less than 10,000 miles a year. Any customer that meets those criteria will get the preferred car insurance rates as well as cut their rates if they switch.

Insureds who do not meet these stringent criteria will be charged a higher premium and ends up with the customer buying from a different company. The ads state “drivers who switch” not “everybody who quotes” save that much when switching. This is how companies can make claims like that.

This really emphasizes why you really need to compare many company’s car insurance rates. It’s impossible to know which company will give you the biggest savings.

Car insurance coverages 101

Knowing the specifics of your policy helps when choosing the right coverages for your vehicles. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like rehabilitation expenses, dental work and X-ray expenses. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from a tornado or hurricane, hitting a bird, damage from getting keyed, a tree branch falling on your vehicle and fire damage. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability

This protects you from damages or injuries you inflict on other people or property that is your fault. 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 $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as legal defense fees, court costs and structural damage. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2014 BMW X1.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently these limits are identical to your policy’s liability coverage.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like scraping a guard rail, driving through your garage door, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Saving money is sweet as honey

Lower-priced insurance coverage can be sourced from both online companies and also from your neighborhood agents, so you need to shop insurance with both to get a complete price analysis. Some insurance companies do not provide price quotes online and usually these smaller companies sell through independent insurance agents.

Consumers switch companies for many reasons like delays in responding to claim requests, unfair underwriting practices, poor customer service and even policy cancellation. Regardless of your reason, choosing a new insurance company can be pretty painless.

When getting insurance quotes online, make sure you don’t reduce needed coverages to save money. There have been many situations where an accident victim reduced physical damage coverage to discover at claim time they didn’t have enough coverage. Your goal is to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

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