Trying to find the cheapest car insurance rates for your BMW 1 Series? Sick and tired of sacrificing to pay high car insurance rates every month? You have the same problem as many other drivers. You have so many insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, it can be more challenging to locate the cheapest rates.
Getting a cheap price on 2011 BMW 1 Series insurance is actually quite simple. Just take the time getting comparison quotes to see which company has cheaper insurance quotes. Shoppers can get rates using a couple different methods.
To view a list of companies in your area, click here.
How you compare quotes is your choice, just make sure you use equivalent coverage information with each company. If each company quotes differing limits it will be very difficult to determine the lowest rate for your BMW 1 Series.
Auto insurance companies don’t necessarily list every discount very well, so the next list breaks down some of the best known and the harder-to-find credits available to bring down your rates.
As a disclaimer on discounts, most discounts do not apply the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it may seem like you can get free auto insurance, you aren’t that lucky. But all discounts will help lower the cost of your policy.
Car insurance companies that may offer some of the discounts shown above possibly include:
If you are trying to find cheap insurance quotes, ask each company which credits you are entitled to. All car insurance discounts may not apply to policyholders in your area.
One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that help calculate the price you pay for insurance. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with cheaper rates. Lots of things are used in the calculation when you get your auto insurance bill. Most are fairly basic such as traffic violations, although others are more obscure like where you live or how financially stable you are.
Shown below are some of the most common factors companies use to determine your rate level.
When choosing coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might help in determining if your situation could use an agent’s help.
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Drivers can’t ignore all the ads for insurance coverage savings by Allstate and Progressive. All the ads have a common claim that you can save just by switching your coverage.
Is it even possible that every company can lower your premium rates? You have to listen carefully.
Most companies have specific characteristics for the type of customer that makes them money. For instance, a profitable customer might have to be between the ages of 30 and 45, has no claims, and does not commute to work. Anyone that hits that “sweet spot” will qualify for the lowest prices and as a result will probably cut their rates if they switch.
Potential insureds who are not a match for these standards will get a higher premium and the customer not buying. Company advertisements say “drivers who switch” not “everyone that quotes” save that much money. This is how insurance companies can make those claims. This emphasizes why you really need to do a price quote comparison at every renewal. It’s impossible to know which insurance coverage company will provide the lowest car insurance rates.
Understanding the coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages offered by car insurance companies.
This coverage covers damage to your 1 Series resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as damaging your car on a curb, crashing into a ditch, driving through your garage door and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.
This protects you from damage that occurs to other people or property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.
Liability coverage pays for claims like bail bonds, pain and suffering, funeral expenses, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying higher limits if possible.
This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.
Coverage for medical payments and/or PIP pay for immediate expenses like hospital visits, EMT expenses, prosthetic devices and surgery. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like damage from getting keyed, damage from a tornado or hurricane, theft, damage from flooding and falling objects. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
While you’re price shopping online, never skimp on critical coverages to save a buck or two. There are too many instances where someone dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible at the best possible price, not the least amount of coverage.
Budget-conscious 2011 BMW 1 Series insurance is definitely available on the web and from local agencies, and you should compare rates from both to have the best rate selection. Some insurance companies may not provide online quoting and most of the time these small insurance companies only sell coverage through independent insurance agencies.