How Much Does 2014 BMW X1 Car Insurance Cost?

Looking for better auto insurance rates for your BMW X1? Purchasing discount auto insurance on the web can appear to be challenging for beginners to buying their auto insurance online. With a ridiculous number of companies in the marketplace, how are we expected to efficiently compare every company in order to find better prices?

More discounts mean cheaper premiums

Some insurance providers don’t list their entire list of discounts very clearly, so the following list contains both well-publicized and the more hidden discounts that may be available.

• Drivers Education – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in high school.
• Own a Home – Owning a home may earn you a small savings due to the fact that maintaining a home is proof of financial responsibility.
• Lower Rates for Military – Having an actively deployed family member could qualify you for better rates.
• Bundle and Save – If you have multiple policies with one insurance company you may save nearly 15% which can help you find cheap auto insurance.
• Seat Belts Save more than Lives – Requiring all passengers to use their safety belts can save a little on medical payment and PIP coverage.
• Discount for Swiching Early – Some companies reward drivers for switching companies before your current policy expires. Ten percent is about the average savings.
• Air Bag Discount – Vehicles equipped with air bags may qualify for discounts of up to 25% or more.
• Savings for New Vehicles – Buying a new car model is cheaper because new vehicles are generally safer.

It’s important to note that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. Even though it appears adding up those discounts means a free policy, it’s just not the way it works.

A partial list of companies that may offer quotes with many of the previously listed discounts include:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

When comparing rates, check with all companies you are considering how many discounts you can get. A few discounts might not be offered on policies in your area.

How to buy auto insurance

There are a lot of ways to compare auto insurance prices but one way is easier and takes less work. You can spend your afternoon talking about coverages with agents in your area, or you can stay home and use online quoting to quickly compare rates.

Many insurance companies participate in a marketplace that enables customers to enter their policy data once, and every company can provide price quotes for coverage. This eliminates the need for repetitive form submissions to every company. To submit your quote information now, click here to open in new window.

One minor caviat to comparing rates this way is buyers cannot specifically choose the companies you will receive quotes from. So if you want to select from a list of companies to compare prices, we have a page of companies who write auto insurance in your area. Click to view list.

Whichever way you choose to compare rates, try to keep the exact same quote information for each quote you get. If you use differing limits it’s not possible to truly determine the lowest rate. Even a minor difference in coverages can make a big difference in price. And when price shopping your coverage, getting more free quotes increases your odds of finding better pricing.

It’s not one size fits all

When it comes to buying the best car insurance coverage, there really is no perfect coverage plan. Every insured’s situation is different.

For instance, these questions can aid in determining if your insurance needs may require specific advice.

• How do I buy GAP insurance?
• Am I covered if I break a side mirror?
• Do I need rental car coverage?
• Do I get a pro-rated refund if I cancel my policy early?
• What discounts do I qualify for?
• Is motorclub coverage worth it?
• Will I be non-renewed for getting a DUI or other conviction?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Parts of your car insurance policy

Learning about specific coverages of a car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as EMT expenses, chiropractic care and doctor visits. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Collision protection

Collision coverage covers damage to your X1 from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like hitting a mailbox, hitting a parking meter, colliding with another moving vehicle and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Liability coverage

Liability coverage can cover damage that occurs to a person or their property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things like attorney fees, bail bonds, structural damage, loss of income and funeral expenses. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive car insurance

This pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like theft, hitting a bird, a tree branch falling on your vehicle and damage from a tornado or hurricane. The highest amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Find Good Coverage for Less

As you go through the steps to switch your coverage, you should never skimp on critical coverages to save a buck or two. There have been many cases where an insured cut liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.

Cost effective 2014 BMW X1 insurance is attainable online as well as from insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not offer rate quotes online and most of the time these small, regional companies provide coverage only through local independent agencies.

People leave their current company for a number of reasons such as policy cancellation, policy non-renewal, denial of a claim or even poor customer service. No matter why you want to switch, finding a new insurance coverage company is not as hard as you think.

For more information, feel free to browse the resources below:

• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• What is Gap Insurance? (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)
• Understanding Limits and Deductibles (Allstate)