Lower Your 2012 BMW 1 Series Insurance Quotes

Looking for lower insurance rates for your BMW 1 Series? Are you frustrated by the dozens of insurance providers that you can choose from? drivers have such a vast assortment of providers available that it is a challenge to find the lowest price.

Consumers need to take a look at other company’s rates quite often because insurance prices are variable and change quite frequently. Even if you got the best price for 1 Series coverage last year there may be better deals available now. Ignore everything you know about insurance because I’m going to teach you one of the quickest ways to remove unneeded coverages and save money.

Choosing the best insurance company for you is not rocket science. If you currently have a car insurance policy, you should be able to save some money using these tips. Nevertheless, drivers can benefit by having an understanding of the way companies sell insurance online because it can help you find the best coverage.

How much does insurance coverage cost?

When shopping for cheap insurance quotes, there are a couple of ways to obtain and compare prices from different companies. By far the easiest way to find the cheapest 2012 BMW 1 Series insurance rates consists of obtaining rate quotes online. It is quite easy and can be accomplished by using one of the methods below.

• The most efficient method to find low rates is a comparison rater form click to view form in new window. This form eliminates the need for repetitive form submissions for every company. One quote request gets you price quotes direct from many companies. This is by far the quickest method.
• A more time consuming way to obtain and compare quotes online consists of going to each company’s website and repeat the quote process. For example, let’s say you need rates from Nationwide, Progressive and State Farm. To get rate quotes you would need to spend time going to each site individually and type in your information over and over, and that explains why we recommend the first method.

  For a list of links to companies insuring cars in your area, click here.

The approach you take is up to you, just compare apples-to-apples quote data for every company. If you compare different values for each quote you will not be able to truly determine the lowest rate. Even a minor difference in insurance coverages or limits can result in a big premium difference. And when price shopping your coverage, comparing all the rates in your area will improve the odds of getting lower pricing.

Cut your auto insurance rates with discounts

Car insurance companies don’t necessarily list all disounts very clearly, so we break down a few of the more well known and also the more inconspicuous credits that you can use to lower your rates.

• Theft Deterent Discount – Cars and trucks that have factory anti-theft systems prevent vehicle theft and that can save you a little bit as well.
• Discount for Good Grades – Getting good grades can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
• Mature Driver Discount – If you’re over the age of 55, you may qualify for a small discount on rates for 1 Series coverage.
• Early Switch Discount – Some insurance companies provide a discount for switching to them prior to the expiration date on your current policy. It’s a savings of about 10%.
• ABS Braking Discount – Cars that have steering control and anti-lock brakes can stop better under adverse conditions and the ABS can save up to 10%.
• Air Bag Discount – Vehicles equipped with air bags may qualify for discounts of 20 to 30 percent.
• Discounts for Cautious Drivers – Drivers who avoid accidents can save as much as half off their rates for 1 Series coverage than less cautious drivers.

A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, it’s just not the way it works.

A list of auto insurance companies and their possible discounts are shown below.

• Progressive offers premium reductions for good student, continuous coverage, multi-policy, online signing, and online quote discount.
• Farmers Insurance offers discounts for homeowner, distant student, business and professional, alternative fuel, bundle discounts, early shopping, and multi-car.
• Farm Bureau may offer discounts for 55 and retired, safe driver, renewal discount, multi-vehicle, youthful driver, multi-policy, and good student.
• State Farm offers discounts including accident-free, driver’s education, multiple policy, passive restraint, and good driver.
• Geico has savings for multi-vehicle, defensive driver, membership and employees, daytime running lights, federal employee, military active duty, and anti-lock brakes.
• SAFECO policyholders can earn discounts including teen safety rewards, anti-theft, teen safe driver, anti-lock brakes, homeowner, accident prevention training, and multi-car.
• Liberty Mutual discounts include new graduate, newly retired, good student, exclusive group savings, safety features, and multi-car.

Before buying, ask every insurance company which discounts can lower your rates. Some of the earlier mentioned discounts might not be available to policyholders in your area. If you would like to choose from a list of companies that offer many of these discounts, click this link.

You are unique and your auto insurance should be too

When choosing proper insurance coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique.

For example, these questions could help you determine if you could use an agent’s help.

• How can I get my company to pay me more for my totalled car?
• What is covered by UM/UIM coverage?
• Am I covered when driving someone else’s vehicle?
• Are split liability limits better than a combined single limit?
• When would I need rental car insurance?
• Is my nanny covered when driving my vehicle?
• Is my custom paint covered by insurance?
• How many claims can I have before being cancelled?
• What are the best liability limits?
• Can my teen driver be rated on a liability-only vehicle?

If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form.

Detailed coverages of your insurance policy

Having a good grasp of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your 2012 BMW 1 Series.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like pain medications, EMT expenses, hospital visits and prosthetic devices. They are used to cover expenses not covered by your health insurance policy 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 being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Auto liability insurance

Liability coverage provides protection from damage that occurs to other people or property by causing an accident. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims like attorney fees, pain and suffering, structural damage and repair costs for stationary objects. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive auto coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, hitting a bird, a broken windshield and falling objects. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, crashing into a ditch, driving through your garage door and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Keep this in mind

Lower-priced insurance coverage can be found from both online companies and from local insurance agents, and you need to price shop both to have the best selection. Some insurance companies may not provide online quoting and most of the time these smaller companies only sell coverage through independent agencies.

You just read many ideas to get a better price on 2012 BMW 1 Series insurance. The key thing to remember is the more quotes you get, the better likelihood of getting the cheapest insurance. Consumers could even find that the lowest premium rates are with the smaller companies.

Consumers switch companies for a variety of reasons including unfair underwriting practices, poor customer service, policy non-renewal or delays in paying claims. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.

More tips and info about insurance coverage is available in these articles:

• Preventing Carjacking and Theft (Insurance Information Insitute)
• Airbag FAQ (iihs.org)
• Speed and Speed Limit FAQ (iihs.org)
• Get the Right Protection (InsureUonline.org)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• Uninsured Motorist Statistics (Insurance Information Insitute)