Cheap 2013 BMW X1 Car Insurance Cost

Searching for better insurance coverage rates? Consumers have lots of choices when looking for the lowest priced BMW X1 insurance. You can either spend your time calling around to get rate comparisons or save time using the internet to make rate comparisons. There is a better way to buy insurance coverage so you’re going to learn the proper way to get price quotes for a new or used BMW and locate the lowest possible price from local insurance agents and online providers.

It’s smart to shop coverage around once or twice a year because rates go up and down regularly. Despite the fact that you may have had the lowest price on X1 coverage two years ago the chances are good that you can find a lower rate today. Starting right now, block out anything you think you know about insurance coverage because you’re going to get a crash course in the easiest way to save money, get proper coverage and the best rates.

If you are insured now or need a new policy, you can use these tips to find better prices while maintaining coverages. This article will help educate you on the best way to quote coverages and some tips to save money. Drivers just need to know the proper methods to compare prices over the internet.

Fast and Easy Insurance Quotes

Finding a lower price on 2013 BMW X1 insurance is actually quite simple. Just take the time to compare rate quotes provided by online insurance companies. It is quite easy and can be accomplished in several different ways.

  • The recommended way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This type of form keeps you from doing multiple quote forms for every insurance company. One simple form compares rates direct from many companies. It’s definitely the quickest method.
  • Another way to obtain and compare quotes online consists of visiting each company website and request a quote. For sake of this example, let’s say you want rates from Allstate, Esurance and Farmers. You would have to visit each site and enter your information, and that’s why the first method is more popular.

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

It’s up to you how you get prices quotes, just compare apples-to-apples coverages and limits for every company. If you enter mixed coverages it’s not possible to determine which rate is truly the best.

Your BMW X1 insurance rate is a complex equation

Smart consumers have a good feel for the rating factors that go into determining auto insurance rates. When you know what positively or negatively controls the rates you pay enables informed choices that may reward you with better auto insurance rates.

Listed below are a partial list of the pieces auto insurance companies consider when setting rates.

  • The more you drive the more you pay – Driving more miles each year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles determined by how the vehicle is used. Cars that are left in the garage can get a lower rate than vehicles that are driven to work every day. Verify your auto insurance coverage is rated on the proper vehicle usage, because it can save money. Incorrect usage on your X1 can cost quite a bit.
  • Special features that cut premiums – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
  • One company can mean more discounts – Most companies give discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to comparison shop to verify if the discount is saving money. You may still be able to find better rates by insuring with multiple companies.
  • Frequent auto insurance claims increase rates – If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Car insurance companies generally give cheaper rates to insureds who do not file claims often. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Better credit means lower rates – Credit history is a important factor in your rate calculation. Therefore, if your credit score is not that good, you could save money insuring your 2013 BMW X1 by repairing your credit. Consumers who have high credit scores tend to be less risk to insure as compared to drivers with lower credit scores.
  • Protect yourself with liability coverage – Liability coverage is the coverage that protects you in the event that you are found liable for damages caused by your negligence. It provides legal defense coverage which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Teen drivers pay high rates – Teen drivers are known to be careless and easily distracted in a vehicle so auto insurance rates are higher. Mature drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • Your job and insurance rates – Did you know that where you work can have an impact on rates? Occupations such as doctors, social workers and dentists have the highest average rates due to job stress and long work hours. Other jobs such as farmers, historians and performers get better rates on X1 coverage.

You probably qualify for some discounts

Companies that sell car insurance do not list all available discounts in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Employee of Federal Government – Being employed by or retired from a federal job can earn a discount up to 10% on X1 coverage with select insurance companies.
  • Bundle and Save – If you insure your home and vehicles with one company you may earn at least 10% off all policies.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Defensive Driver – Taking a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Multi-car Discount – Having more than one vehicle on one policy could earn a price break for each car.
  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Good Students Pay Less – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up to age 25.

Keep in mind that some credits don’t apply to the entire cost. Most only cut the price of certain insurance coverages like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

For a list of companies with discount car insurance rates, click this link.

There’s no such thing as the perfect policy

When choosing the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different.

For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.

  • What is an SR-22 filing?
  • Is other people’s property covered if stolen from my vehicle?
  • When should I not file a claim?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • How much underlying liability do I need for an umbrella policy?
  • Does my 2013 BMW X1 need full coverage?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form. It is quick, free and may give you better protection.

Coverage specifics

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your BMW X1.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability coverage – This can cover damage that occurs to other people or property. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers things like legal defense fees, structural damage, medical services and medical expenses. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Comprehensive protection – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, damage from flooding, hitting a deer, hitting a bird and fire damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses for things like hospital visits, chiropractic care, dental work and X-ray expenses. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverages – This pays for damage to your X1 resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like backing into a parked car, sideswiping another vehicle and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Be a smart shopper

When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. There have been many cases where an accident victim reduced liability coverage limits only to regret at claim time that it was a big error on their part. The proper strategy is to buy enough coverage at a price you can afford.

We just covered many ideas to save on 2013 BMW X1 insurance. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. Drivers may discover the best price on insurance is with a small mutual company.

The cheapest insurance is possible on the web and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies may not provide online quoting and many times these smaller companies only sell through independent insurance agents.

More detailed insurance information can be found by following these links: