Cheaper 2013 BMW 1 Series Insurance Cost

Want cheaper insurance rates for your BMW 1 Series? No one in their right mind likes buying insurance, especially knowing the cost is way too high.

Many auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies and get the definite lowest price

You should make it a habit to shop coverage around before your policy renews due to the fact that insurance prices are variable and change quite frequently. Even if you got the best rates for 1 Series insurance a few years ago you may be paying too much now. Forget all the misinformation about insurance because you’re going to get a crash course in the fastest and easiest way to find lower rates on insurance.

Insurance quotes comparison

The majority of larger companies make it easy to get coverage price quotes from their websites. Doing online quotes can be done by anyone as you simply type in your coverage information as requested by the quote form. Upon sending the form, the company’s rating system requests information on your driving record and credit history and returns a price based on many factors. Quoting online helps simplify price comparisons, but the process of having to visit different websites and fill out multiple forms can be a bit repetitive. Unfortunately, it is important to perform this step if you want to get a better rate.

A less time-consuming method to find cheaper rates requires only one form that gets prices from a lot of companies. It’s a real time-saver, eliminates form submissions, and makes online price comparison much more enjoyable. Immediately after you send the form, it gets priced and you can choose any or none of the price quotes you receive.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase coverage. This process takes 15 minutes at the most and could lower your rates considerably.

To fill out one form to compare multiple rates now, click here to open in a new tab and submit the form. If you have a policy now, it’s recommended you type in the coverages as shown on your current policy. This ensures you will be getting rate quotes for similar coverage.

Drivers who switch save $465 a year? Really?

Companies like Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. They all advertise claims about savings if you switch your coverage to them. How is it plausible that every one can cost less than your current company?

Companies have an ideal profile for the type of driver that will not have excessive claims. An example of a profitable customer might be between the ages of 30 and 45, has a low-risk occupation, and the vehicle is rated for pleasure use. A driver who matches those parameters will get low prices and have a good chance to save money with a new company.

Drivers who are not a match for this ideal profile will get higher premiums and this can result in business not being written. If you pay close attention to the ads, they say “people that switch” but not “all drivers who get quotes” save the amount stated. That’s why insurance companies can confidently lure you into getting a quote.

This really emphasizes why you really should compare price quotes frequently. It’s just too difficult to predict the company that will have the best rates.

Do you qualify for discounts?

Car insurance is not inexpensive, but you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied at the time of purchase, but some may not be applied and must be specifically requested before you get the savings.

  • New Car Discount – Buying a new car instead of a used car can be considerably cheaper since newer vehicles are generally safer.
  • Discount for Home Ownership – Owning your own home or condo can help you save on car insurance because it means you have a higher level of financial diligence.
  • Senior Citizen Rates – Seniors may qualify for a slight reduction on a car insurance quote for 1 Series insurance.
  • Professional Organizations – Being a member of a civic or occupational organization could trigger savings on car insurance.
  • Online Discount – A few companies give back up to $50 for completing your application online.
  • No Accidents – Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Multiple Cars – Having multiple vehicles on a single policy may reduce the rate for each vehicle.
  • Early Renewal Discounts – Some companies give discounts for signing up before your current coverage expires. You may see this discount when you get car insurance quotes online.
  • Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems could see savings as much as 30%.

As a sidenote, most discount credits are not given the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though the math looks like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

Companies and some of the discounts are:

  • State Farm discounts include good student, anti-theft, defensive driving training, Drive Safe & Save, student away at school, and accident-free.
  • Progressive has discounts for online signing, multi-policy, online quote discount, good student, and continuous coverage.
  • Progressive offers discounts including good student, online quote discount, online signing, multi-vehicle, homeowner, and multi-policy.
  • MetLife may offer discounts for good student, claim-free, defensive driver, accident-free, good driver, multi-policy
  • Farm Bureau may include discounts for multi-vehicle, driver training, safe driver, 55 and retired, youthful driver, and multi-policy.
  • GEICO may have discounts that include federal employee, daytime running lights, driver training, anti-lock brakes, anti-theft, good student, and five-year accident-free.
  • SAFECO includes discounts for bundle discounts, anti-theft, safe driver, anti-lock brakes, multi-car, and teen safe driver.

If you are trying to find affordable car insurance quotes, ask each company how you can save money. Discounts might not apply in your area.

Don’t assume everyone needs the same auto insurance coverage

When it comes to buying adequate coverage for your personal vehicles, there is no “perfect” insurance plan. Each situation is unique so your insurance should reflect that For example, these questions may help highlight if your situation could use an agent’s help.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my 2013 BMW 1 Series qualify for pleasure use?
  • Am I better off with higher deductibles on my 2013 BMW 1 Series?
  • When do I need to add a new car to my policy?
  • Do I pay less for low miles?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Specific coverages for a 2013 BMW 1 Series

Learning about specific coverages of your insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on most insurance policies.

Collision coverage – This covers damage to your 1 Series from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as driving through your garage door, crashing into a building, 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. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability auto insurance – Liability insurance will cover damages or injuries you inflict on other’s property or people. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things like repair bills for other people’s vehicles, loss of income and court costs. How much coverage you buy is up to you, but you should buy as much as you can afford.

Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2013 BMW 1 Series.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits are set the same as your liablity limits.

Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like X-ray expenses, EMT expenses, nursing services and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive protection – This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, theft and damage from getting keyed. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

What is YOUR best insurance company?

When you buy car insurance online, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut comprehensive coverage or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at the best possible price, not the least amount of coverage.

Cheap 2013 BMW 1 Series insurance is possible from both online companies and from local agencies, so you need to quote car insurance with both in order to have the best price selection to choose from. A few companies may not offer rate quotes online and most of the time these small insurance companies only sell through independent insurance agencies.

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Comments About 1 Series Insurance

  1. Samuel Andrews

    I found pretty cheap rate quotes for a 1 Series in Newark, NJ. Ended up at about $110 every six months with Amica. BTW speeding tickets are not good. Just waiting to see how claims go. I dropped full coverage awhile back.

  2. Paige Hyde

    I got quite a few price quotes for a 1 Series in Kailua, Hawaii. Ended up at about $100 every six months with AAA. Insured with 21st Century before. I don’t insure for physical damage though.

  3. Caterina Bolton

    Anyone know if 21st Century does SR-22s?

  4. Dimple Salazar

    State Farm is decent in Bismarck, North Dakota.

  5. Jin Gordon

    I live just to the west of Philadelphia, PA. Went online for free insurance quotes for a 1 Series. Ended up at about $100 savings annually. Went with 21st Century. I only have liability coverage on it.

  6. Andre Rutledge

    From northwest of Memphis, TN. Got prices from GEICO, Liberty Mutual, and Encompass for my BMW and saved $119 a year. They have a lot of discounts available. Full coverage costs too much.