Save on 2010 BMW 1 Series Insurance Rates

Trying to find cheaper insurance rates? Buyers have options when searching for low-cost BMW 1 Series insurance. They can either spend hours struggling with agents trying to get quotes or leverage the internet to make rate comparisons. There is a better way to compare insurance rates so we’re going to tell you the best way to quote coverages for a new or used BMW and get the lowest price from local insurance agents and online providers.

It’s smart to do price comparisons before your next renewal since insurance prices trend upward over time. Even if you think you had the best rates on 1 Series coverage on your last policy there is a good chance you can find better rate quotes now. There is a lot of bad information regarding insurance online but in this article, you’re going to get some guaranteed methods to find affordable insurance.

Finding affordable coverage is easy if you know what you’re doing. If you currently have a car insurance policy, you will most likely be able to save some money using this strategy. Vehicle owners only need an understanding of how to get comparison rates on the web.

Lower rates by qualifying for discounts

Properly insuring your vehicles can get expensive, but there may be some discounts to help offset the cost. A few discounts will be applied at the time of purchase, but occassionally some discounts must be requested specifically prior to receiving the credit.

  • Accident Waiver – Not a discount per se, but companies like Geico, Progressive, and Allstate will turn a blind eye to one accident without the usual rate increase with the catch being you have to be claim-free for a set time period.
  • Senior Citizens – Drivers over the age of 55 may be able to get a slight reduction on a insurance quote on 1 Series coverage.
  • Active Service Discounts – Being deployed in the military could be rewarded with lower prices.
  • Telematics Discount – Drivers that enable driving data submission to analyze driving patterns by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as they are good drivers.
  • Discount for Multiple Policies – If you have multiple policies and insure them with the same company they may give you a discount of up to 20% off your total premium.
  • Claim-Free Discount – Insureds who avoid accidents and claims are rewarded with significantly better rates on insurance quote when compared with insureds who have frequent claims or accidents.
  • Drive Less and Save – Driving less can qualify you for discounted premium rates on garaged vehicles.
  • Switch and Save Discount – Some companies give discounts for switching policies prior to the expiration date on your current policy. This discount can save up to 10%.
  • Government Employees – Being employed by or retired from a federal job could cut as much as 10% off on 1 Series coverage but check with your company.
  • Student Discount for Driver Training – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.

One last thing about discounts, some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. So even though you would think all the discounts add up to a free policy, companies don’t profit that way.

A few popular companies and the discounts they provide are detailed below.

  • State Farm may include discounts for student away at school, driver’s education, defensive driving training, multiple policy, anti-theft, Steer Clear safe driver discount, and accident-free.
  • Geico offers discounts including federal employee, good student, military active duty, driver training, membership and employees, anti-lock brakes, and defensive driver.
  • Progressive offers premium reductions for multi-policy, continuous coverage, homeowner, multi-vehicle, online quote discount, and good student.
  • 21st Century includes discounts for automatic seat belts, theft prevention, driver training, teen driver, student driver, 55 and older, and defensive driver.
  • American Family has discounts for good student, Steer into Savings, bundled insurance, multi-vehicle, and good driver.
  • The Hartford policyholders can earn discounts including air bag, driver training, bundle, defensive driver, good student, and vehicle fuel type.
  • AAA may have discounts that include good driver, good student, pay-in-full, multi-car, and education and occupation.

Before buying, ask each company to give you their best rates. Some discounts may not be offered in your state. To locate auto insurance companies who offer online auto insurance quotes, click here.

Get BMW 1 Series insurance for less

Part of the insurance buying process is learning some of the factors that go into determining your policy premiums. When consumers understand what determines premiums, this empowers consumers to make smart changes that could result in much lower annual insurance costs. Many different elements are part of the calculation when you get a price on insurance. Most are fairly basic such as traffic violations, but other factors are not as apparent like where you live or your financial responsibility.

The following are some of the factors that factor into prices.

  • Cheaper rates with high coverage deductibles – Protection for physical damage, also called ‘full coverage’, helps pay for damage to your vehicle. Some examples of covered claims are a dented fender, damage from fire, and rolling your vehicle. The deductibles you choose state the amount of money you are required to pay before a claim is paid by your company. The higher the amount the insured is willing to pay, the lower your rates will be on 1 Series coverage.
  • Eliminate add-on coverages – There are a ton of add-on coverages you can purchase if you don’t pay attention. Coverage for things like roadside assistance, towing, and membership fees could be just wasting money. They may seem like a good idea at first, but if you have no use for them remove them from your policy.
  • Liability coverage preserves assets – A critical coverage on your policy, liability insurance will protect you in the event that you are found liable for physical damage or personal injury to other. This coverage provides for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • Drive less and get lower costs – The higher the miles on your BMW in a year’s time the higher the price you pay to insure it. Most insurance companies apply a rate based on how the vehicle is used. Cars and trucks left parked in the garage can be on a lower rate level than vehicles that are driven to work every day. An improperly rated 1 Series can cost quite a bit. Verify your insurance declarations sheet reflects the correct usage for each vehicle, because it can save money.
  • Lower premiums with no policy lapses – Driving without insurance is against the law and your next policy will cost more because you let your insurance expire. And not only will insurance be more expensive, the inability to provide proof of insurance will get you a license revocation or jail time. You may then have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.

Auto insurance is unique, just like you

When it comes to buying coverage, there is no “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions can aid in determining whether or not you might need an agent’s assistance.

  • What happens if I owe more than my 2010 BMW 1 Series is worth?
  • What discounts do I qualify for?
  • Is my cargo covered for damage or theft?
  • Does my 2010 BMW 1 Series qualify for pleasure use?
  • What is medical payments coverage?
  • Should I sign the liability waiver when renting a car?
  • What is roadside assistance coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Car insurance coverages for a 2010 BMW 1 Series

Knowing the specifics of a auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Auto liability insurance

This coverage will cover damages or injuries you inflict on a person or their property. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims such as funeral expenses, repair bills for other people’s vehicles, bail bonds and loss of income. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.

Collision protection

Collision coverage pays for damage to your 1 Series caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like rolling your car, damaging your car on a curb and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for funeral costs, pain medications, prosthetic devices, surgery and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive or Other Than Collision

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as fire damage, damage from getting keyed and theft. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

More effort can pay off

Insureds who switch companies do it for many reasons like not issuing a premium refund, delays in paying claims, policy non-renewal and being labeled a high risk driver. No matter why you want to switch, choosing a new insurance company is pretty easy and you might even save some money in the process.

The cheapest 2010 BMW 1 Series insurance is available from both online companies and with local insurance agents, so you should compare both to have the best selection. Some insurance providers may not provide the ability to get a quote online and many times these small, regional companies prefer to sell through local independent agents.

When buying insurance coverage, never buy less coverage just to save a little money. In too many instances, an insured dropped physical damage coverage only to regret that the savings was not a smart move. Your goal is to buy enough coverage for the lowest cost.

Additional information can be found at the links below

Comments About 1 Series Insurance

  1. Ronda Rich

    I live just outside Saint Paul, MN. Quoted with The General, Auto-Owners, Mercury, and a couple others for my BMW and saved $83 a year. Can still barely afford it. I don’t insure for physical damage though.

  2. Dick Mccormick

    From northwest of Charleston, WV. Quoted with Travelers, AIG Insurance, Liberty Mutual, and Safeco for my 1 Series and saved around $80 a year. When should I drop full coverage?

  3. Danika Schultz

    Good site, thanks. Found cheapest coverage with AIG Insurance for my BMW and am saving around $100 a year. Insured with State Farm before. They have a lot of discounts available. I just quoted rates online.

  4. Earlene Barry

    Lots of useful info here. Checking in from Concord, NH. I got free quotes from 21st Century, Erie, and Hartford for my BMW and I’m now saving $14 a month. Insured with GEICO before. When should I drop full coverage?

  5. Elodia Golden

    Thought I’d throw in my experience. I’m in the suburbs of Allentown, PA. I quoted with State Farm, Hartford, and Encompass for my 1 Series and saved around $60 a year.

  6. Marcelo Roth

    Cheaper not always better. Located in San Antonio, TX. Quoted with Amica, Mercury, and some smaller one I can’t remember the name of for my BMW and I think I cut my rates about $20 each month. Even increased coverage a bit. Can still barely afford it.

  7. Hee Robbins

    Cheaper car insurance is a myth. From northwest of Bismarck, ND. I compared lots of rates. Saved right around $30 a month. State Farm was the cheapest for me. Even increased coverage a bit. Book value doesn’t justify full coverage anymore.

  8. Xenia Blair

    I got decent rates for a 1 Series in Norman, OK. Ended up at darn near $80 every six months with Auto-Owners. Insured with MetLife before. BTW speeding tickets are not good. I don’t put full coverage on it.

  9. Phyllis Russell

    Not sure what I should be paying. Located in Evansville, Indiana. I got free quotes with Auto-Owners, Safeco, and some smaller one I can’t remember the name of for my 1 Series and saved $79 a year. Even increased my liability limits. Not sure if rates are cheaper online or through an agent. I don’t have comp or collision coverage.

  10. Artie Hobbs

    In Baltimore, MD, State Farm is a good choice. Left Mercury to switch. Just waiting to see how claims go. I only have liability coverage on it.

  11. Krystal Moore

    Will Progressive cancel me for an at-fault accident?