2018 BMW X1 Insurance Rates – 8 Tricks for Best Quotes

Did a good deal turn into an expensive auto insurance policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. Lots of car insurance companies contend for your hard-earned dollar, and because of this it can be hard to compare insurers to find the absolute lowest price

Consumers need to compare premium rates before your next renewal since prices are usually higher with each renewal. Despite the fact that you may have had the best price on X1 coverage two years ago a different company probably has better rates today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the things you must know in order to lower your rates without sacrificing coverage.

If you are insured now or are looking for a new policy, you can use these techniques to find the best rates while maximizing coverage. Finding the best rates is not rocket science. Consumers just need to know the best way to find the lowest price on the web.

Are you earning every discount?

Some insurers don’t list every discount they offer in a way that’s easy to find, so the following is a list of some of the more common as well as some of the hidden discounts you could be receiving when you buy insurance coverage online.

  • Claim Free – Good drivers with no accidents are rewarded with significantly better rates on insurance coverage quote as opposed to frequent claim filers.
  • Pay Upfront and Save – If you can afford to pay the entire bill as opposed to paying monthly you can actually save on your bill.
  • Telematics Data Discounts – Policyholders that allow their company to monitor driving habits by using a telematics device like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction as long as they are good drivers.
  • Distant Student – Any of your kids living away from home attending college and do not take a car to college could get you a discount.
  • Discounts for Government Workers – Having worked for a branch of the government can save as much as 8% on X1 coverage with certain companies.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
  • Bundled Policy Discount – When you combine your auto and home insurance and insure them with the same company you may save at least 10% off all policies.
  • Save with a New Car – Buying a new car model can be considerably cheaper due to better safety requirements for new model year vehicles.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. The majority will only reduce individual premiums such as comp or med pay. Just because it seems like having all the discounts means you get insurance for free, that’s just not realistic.

Companies and some of the discounts are outlined below.

  • Farm Bureau has savings for 55 and retired, youthful driver, good student, driver training, and multi-vehicle.
  • MetLife may include discounts for multi-policy, defensive driver, accident-free, good driver, claim-free, good student
  • Progressive may have discounts that include good student, online quote discount, online signing, homeowner, multi-vehicle, and continuous coverage.
  • AAA policyholders can earn discounts including anti-theft, multi-car, pay-in-full, good driver, multi-policy, good student, and education and occupation.
  • American Family discounts include Steer into Savings, good driver, air bags, multi-vehicle, TimeAway discount, defensive driver, and accident-free.
  • GEICO has discounts for seat belt use, driver training, military active duty, membership and employees, and multi-policy.
  • State Farm may offer discounts for good student, driver’s education, Drive Safe & Save, multiple autos, passive restraint, and safe vehicle.

It’s a good idea to ask each company or agent to apply every possible discount. Discounts may not apply to policyholders in every state.

When in doubt talk to an agent

When it comes to choosing adequate coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help highlight if your insurance needs would benefit from professional advice.

  • Do I have coverage when using my vehicle for my home business?
  • How does medical payments coverage work?
  • Why does it cost so much to insure a teen driver?
  • Do I need special endorsements for business use of my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • When should I buy a commercial auto policy?
  • Is business equipment covered while in my vehicle?
  • Am I covered if I drive in a foreign country?
  • Should I carry comprehensive and collision coverage?
  • Do I have coverage when making deliveries for my home business?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and can provide invaluable advice.

Information about specific coverages

Knowing the specifics of your auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Comprehensive coverage

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, rock chips in glass and hitting a bird. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for immediate expenses like surgery, nursing services, EMT expenses, hospital visits and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Auto liability insurance

This coverage provides protection from damage or injury you incur to people or other property by causing an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage protects against claims like repair costs for stationary objects, bail bonds, repair bills for other people’s vehicles, court costs and structural damage. How much coverage you buy is a personal decision, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

This gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2018 BMW X1.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto collision coverage

This pays for damage to your X1 from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with another moving vehicle, crashing into a ditch, damaging your car on a curb and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

More quotes. Lower rates.

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. The proper strategy is to get the best coverage possible at the best possible price, not the least amount of coverage.

More affordable car insurance can be sourced from both online companies and also from your neighborhood agents, and you need to price shop both to have the best rate selection. A few companies do not offer online quoting and these small, regional companies provide coverage only through independent agencies.

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