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BMW X1 Insurance Rates

Buying auto insurance through online companies is easy and at the same time you can save money. The key is to take the time to get as many rate quotes as possible in order to have the lowest priced insurance.

People who are new to comparison shopping may think purchasing cheap BMW X1 insurance is difficult. Getting better BMW X1 insurance cost is not a difficult process. Just take time getting comparison quotes from different insurance companies. This can be accomplished by comparing rates here.

What factors impact your insurance rates?

Car insurance premiums for a BMW X1 can vary widely based upon several criteria. Taken into consideration are:

  • Your driving record
  • Credit rating
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • Your vehicle's safety rating
  • Your claim history
  • Having continuous coverage saves you money
  • Whether you rent or own your home

An additional factor that helps determine BMW X1 insurance rates is the year of the vehicle. Newer models cost more than older models so repair costs are higher which can inflate annual premiums. Although newer models may have safety features included like tire pressure monitors, traction control, and adaptive cruise control which can lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Coverage for liability - Liability insurance protects you from damages or injuries you inflict on other people or property in an accident. Liability coverage pays for things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so you should buy higher limits if possible.

Collision coverage - Collision insurance pays for damage to your BMW caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder. BMW X1 collision insurance is rather expensive coverage, so consider dropping it from older vehicles. You can also raise the deductible in order to get cheaper BMW X1 insurance rates.

Comprehensive coverage (or Other than Collision) - Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - This protects you and your vehicle's occupants from other motorists when they do not carry enough liability coverage. Since many drivers only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Insurance for medical payments - Med pay and PIP coverage provide coverage for expenses such as doctor visits, EMT expenses, and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. PIP is not available in all states and gives slightly broader coverage than med pay.

How Much are BMW X1 Insurance Rates?