2010 BMW 1 Series Car Insurance Quotes – 5 Tips to Save

Looking for better insurance rates for your BMW 1 Series? Having to pay for overpriced insurance can drain your bank account and force you to make sacrifices. Doing a price comparison is a smart way to slash your bill and have more diposable income. Because you have many choices, it’s nearly impossible to locate the lowest price insurer.

Save money by taking advantage of these five discounts

Car insurance can cost a lot, but companies offer discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time of quoting, but a few need to be manually applied before they will apply. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Multi-policy Discount – If you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Early Signing – Some companies give discounts for switching to them prior to your current policy expiring. This can save 10% or more.

Consumers should know that most credits do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though they make it sound like you can get free auto insurance, companies don’t profit that way. Any amount of discount will help reduce your overall premium however.

Car insurance companies who might offer these benefits include:

Double check with each company which discounts they offer. Savings may not be available in your state.

Ads can be misleading

Drivers can’t ignore all the ads for cheaper car insurance from companies such as State Farm and Allstate. They all make the same claim of big savings if you change your policy.

How can each company say the same thing?

Insurance companies can use profiling for the type of customer that earns them a profit. A good example of a profitable customer might be profiled as a mature driver, has no driving citations, and has a short commute. Any new insured who fits that profile will get the preferred rates and as a result will probably save when switching.

Potential insureds who fall outside this ideal profile must pay a more expensive rate which usually ends up with the customer not buying. The ads state “people who switch” not “everybody who quotes” save that much money. That’s why insurance companies can claim big savings.

This illustrates why you need to get a wide range of price quotes. It’s not possible to predict which car insurance company will fit your personal profile best.

When should I use an insurance agent?

When choosing the right insurance coverage, there is no one size fits all plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that may help you determine if your insurance needs would benefit from professional advice.

  • Does insurance cover damages from a DUI accident?
  • Why am I required to buy high-risk coverage?
  • When would I need rental car insurance?
  • Is rental equipment covered for theft or damage?
  • Can I afford low physical damage deductibles?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I missing any policy discounts?
  • What is UM/UIM insurance?
  • Do I benefit by insuring my home with the same company?
  • How many claims can I have before being cancelled?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Insurance specifics

Understanding the coverages of your insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages found on most insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2010 BMW 1 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are similar to your liability insurance amounts.

Comprehensive auto coverage

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a bird, hitting a deer, fire damage and rock chips in glass. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sideswiping another vehicle, scraping a guard rail and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Liability coverage

Liability coverage will cover damage or injury you incur to other’s property or people in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like bail bonds, medical services and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for bills such as nursing services, pain medications, hospital visits, ambulance fees and EMT expenses. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Save for a rainy day

Lower-priced 2010 BMW 1 Series insurance can be purchased both online and also from your neighborhood agents, and you need to price shop both to have the best rate selection. A few companies may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

In this article, we presented a lot of tips how to compare insurance prices online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. Consumers may even find the lowest priced insurance coverage comes from the least-expected company. These smaller insurers can often provide lower rates in certain areas compared to the large companies like State Farm or Progressive.

Additional insurance coverage information is available at the links below