2015 BMW X1 Car Insurance Quotes

Trying to find better car insurance rates for your BMW X1? Scraping up a payment for pricey BMW X1 insurance can dry up your savings account and force you to cut corners elsewhere. Popular companies such as Allstate, Liberty Mutual and State Farm constantly bombard you with TV and radio ads and it can be hard to ignore the promise of big savings and effectively compare rates to find the best deal.

Start a Quote Now

More discounts mean cheap premiums

Some insurance providers don’t list every discount they offer very well, so the list below details some of the more common and also the more inconspicuous ways to save on insurance. If you do not check that you are getting every discount possible, you are just wasting money.

Waiver for an Accident – This isn’t a discount exactly, but some insurance companies allow you one accident before your rates go up so long as you haven’t had any claims for a set time period.
Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course in school or through a local driver safety program.
ABS and Traction Control Discounts – Vehicles that have anti-lock braking systems are safer to drive so you can save 10 percent or more.
Smart Student Discounts – Maintaining excellent grades may save as much as 25% on a insurance coverage quote. You can use this discount normally up until you turn 25.
Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up can save 10% or more on the medical payments or PIP coverage costs.

As is typical with insurance, most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. Despite the fact that it seems like it’s possible to get free car insurance, nobody gets a free ride. Any amount of discount will positively reduce your overall bill.

Popular insurance companies and a summarized list of policyholder discounts are:

GEICO may include discounts for seat belt use, military active duty, five-year accident-free, air bags, and good student.
MetLife has discounts for accident-free, defensive driver, good driver, good student, and multi-policy.
Progressive discounts include good student, online quote discount, multi-vehicle, homeowner, online signing, multi-policy, and continuous coverage.
Travelers policyholders can earn discounts including early quote, good student, multi-car, IntelliDrive, and save driver.
SAFECO offers discounts for teen safe driver, accident prevention training, safe driver, bundle discounts, and homeowner.
AAA offers premium reductions for anti-theft, pay-in-full, education and occupation, good driver, multi-car, multi-policy, and good student.

If you need inexpensive insurance coverage quotes, ask each company or agent which credits you are entitled to. A few discounts may not be available in your area. To find insurance companies who offer online insurance quotes, click this link.

How your X1 insurance premiums are determined

Many factors are part of the equation when you get a price on insurance. Most are fairly basic such as your driving record, but others are less obvious such as your credit history or your financial responsibility.Smart consumers have a good feel for the factors that come into play when calculating your premiums. When consumers understand what controls the rates you pay, this enables you to make decisions that could help you find cheaper rates.

Shown below are just a few of the factors used by companies to determine premiums.

Vehicles with better crash test results cost less to insure – Safer cars tend to have lower insurance rates. Safe vehicles reduce occupant injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.
File auto insurance claims and pay more – If you file claims often, you shouldn’t be surprised to get either policy cancellation or increased premiums. Car insurance companies provide most affordable rates to policyholders who file claims infrequently. Auto insurance is designed for claims that you cannot pay yourself.
Good credit means lower prices – A driver’s credit score factor in determining premium rates. Insureds with excellent credit scores tend to be more responsible and file fewer claims than drivers with poor credit. If your credit score is lower than you’d like, you could be paying less to insure your 2015 BMW X1 by spending a little time repairing your credit.
Multiple policies with one company – The majority of insurers apply discounts to policyholders that have more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, consumers should still shop around to confirm you are receiving the best rates possible.
Raise comp and collision deductibles and save – Physical damage insurance, aka comp and collision, is used to repair damage to your BMW. A few examples of covered claims would be a dented fender, damage from fire, and damage caused by flying debris. Deductibles for physical damage are the amount of money you are willing to pay if a covered claim is submitted. The more you’re willing to pay, the bigger discount you will receive for X1 insurance.
Get better premiums if you’re married – Being married may cut your premiums on your policy. Having a spouse generally demonstrates drivers are more mature and responsible it has been statistically shown that married drivers tend to have fewer serious accidents.
Cut prices and deter theft – Choosing a vehicle that has a built-in theft deterrent system can save you a little every year. Theft deterrent systems like OnStar, LoJack tracking, and tamper alarms can thwart auto theft.

It’s not one size fits all

When it comes to choosing proper insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might help in determining if your insurance needs might need professional guidance.

Does coverage extend to my business vehicle?
Is other people’s property covered if stolen from my vehicle?
Does medical payments coverage apply to all occupants?
Is upholstery damage covered by car insurance?
I don’t drive much so do I pay less?
Is business property covered if stolen from my car?
Do I need PIP (personal injury protection) coverage in my state?
Is my state a no-fault state?
Can I make deliveries for my home business?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

The coverage is in the details

Understanding the coverages of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages offered by auto insurance companies.

Collision coverage

Collision coverage pays for damage to your X1 caused by collision 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 claims like driving through your garage door, damaging your car on a curb and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability coverages

Liability coverage will cover damage that occurs to people or other property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like loss of income, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as surgery, nursing services, rehabilitation expenses and pain medications. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 BMW X1.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, hitting a deer and theft. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Spend less. Save more.

When searching for low cost insurance coverage quotes, it’s not a good idea to skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed full coverage and discovered at claim time that it was a big mistake. Your goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Low-cost 2015 BMW X1 insurance can be sourced online as well as from insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies do not offer online rate quotes and many times these smaller companies only sell through independent insurance agents.