View 2009 BMW 1 Series Car Insurance Cost

Overpriced BMW 1 Series insurance can take a big chunk out of your bank account and put a big crunch on your finances. Doing a price comparison is a great way to slash your bill and have more diposable income. Because you have many insurance providers from which to choose, it’s difficult to choose the best car insurance company.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have a current insurance coverage policy or need a new policy, you can learn to shop for the lowest rates while maximizing coverage. Drivers just need to know the proper methods to compare company rates online.

Are you getting all your discounts?

Companies don’t necessarily list every discount in a way that’s easy to find, so the following is a list of both the well known as well as the least known insurance savings. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Distant Student – Children living away from home attending college and don’t have a car can receive lower rates.
  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Defensive Driving Course – Taking a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could save 15% off the personal injury premium cost.
  • Claim Free – Drivers who don’t have accidents can save substantially compared to frequent claim filers.
  • Save over 55 – Mature drivers may be able to get a small decrease in premiums on 1 Series insurance.

Drivers should understand that most credits do not apply to your bottom line cost. A few only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates you could get a free insurance policy, it doesn’t quite work that way.

To see a list of insurance companies who offer insurance discounts, click this link.

Why your BMW 1 Series insurance rates may be high

It’s important that you understand the factors that go into determining car insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that will entitle you to big savings.

  • Your occupation can affect rates – Careers like lawyers, executives and stock brokers have the highest rates due to job stress and long work days. On the other hand, occupations like actors, students and the unemployed get better rates on 1 Series insurance.
  • Better crash test results mean better rates – Vehicles with high crash test scores get lower rates. Safer cars have better occupant injury protection and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your BMW has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Your location is important – Residing in a rural area can be a good thing when talking about car insurance. Drivers in populated areas have much more traffic and longer commute times. Fewer people means fewer accidents.
  • Theft deterrents lower rates – Owning a car with a theft deterrent system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Liability coverage is peace of mind – The liability section of your policy will protect you if ever a jury decides you are liable for causing damage or personal injury in an accident. It provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Do you know your deductibles? – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your BMW from damage. A few examples of covered claims are colliding with a building, vandalism, and burglary. The deductibles are the amount of money you are required to spend out-of-pocket before your car insurance pays a claim. The more you have to pay, the lower your rates will be on 1 Series insurance.
  • Men pay higher rates – Statistics demonstrate that men are more aggressive behind the wheel. Now that doesn’t mean men are worse drivers. They both have accidents at a similar rate, but the male of the species tend to have more serious accidents. Men also tend to receive more costly citations like DUI and reckless driving.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help you determine if you would benefit from an agent’s advice.

  • Do I have coverage if my license is suspended?
  • Can I make deliveries for my home business?
  • What if I don’t agree with a claim settlement offer?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered when driving in Canada or Mexico?
  • What is PIP insurance?

If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.

Specific coverages for a 2009 BMW 1 Series

Learning about specific coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are the usual coverages offered by insurance companies.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like a broken windshield, fire damage and damage from flooding. The maximum payout a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for bills for dental work, hospital visits, doctor visits, ambulance fees and rehabilitation expenses. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Liability coverage

Liability coverage can cover damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as emergency aid, court costs, bail bonds, loss of income and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage protection

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a mailbox, scraping a guard rail, crashing into a building, hitting a parking meter and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your BMW 1 Series.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

One last thing

Cheaper 2009 BMW 1 Series insurance can be sourced both online and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

We covered a lot of techniques to reduce insurance prices online. It’s most important to understand that the more times you quote, the better chance you’ll have of finding lower rates. You may even find the lowest premiums are with some of the smallest insurance companies. Some small companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate and Progressive.

When shopping online for insurance coverage, you should never reduce needed coverages to save money. There are a lot of situations where an insured cut liability limits or collision coverage only to regret they didn’t have enough coverage. Your strategy should be to buy enough coverage at the best price, not the least amount of coverage.

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