View 2014 BMW X1 Insurance Quotes

Paying for high-priced BMW X1 insurance can overdraw your checking account and force you to prioritize other expenses. Comparison shopping is a great way to help make ends meet. Many car insurance companies compete for your hard-earned dollar, so it’s not easy to compare every provider to discover the definitive best rates possible.

You should make it a habit to do rate comparisons before your policy renews because prices change frequently. Even if you got the best deal for X1 coverage a year ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance because you’re about to find out the best methods to lower your rates without sacrificing coverage.

Where Can I Get Cheap Insurance Coverage?

Getting a lower price on 2014 BMW X1 insurance can be relatively painless. The only thing you need to do is take a couple of minutes getting comparison quotes online from several insurance companies. This can be accomplished in several different ways.

  1. The recommended way to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This type of form prevents you from having to do separate quotation requests for every insurance coverage company. A single, simple form compares rates instantly.
  2. Another way to compare prices requires a visit to each individual company website and request a quote. For example, we’ll pretend you want rates from Nationwide, Geico and Farmers. You would have to go to every website to enter your coverage information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but double check that you are using apples-to-apples coverage information on every quote. If each company quotes differing limits then you won’t be able to decipher which rate is best.

Discounts mean cheaper BMW X1 insurance rates

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to reduce the price significantly. Most are applied at quote time, but lesser-known reductions have to be inquired about prior to receiving the credit. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Senior Citizens – If you’re over the age of 55, you may qualify for better insurance coverage rates for X1 coverage.
  • No Charge for an Accident – A handful of insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Homeowners Savings – Owning a house can help you save on insurance coverage because maintaining a house demonstrates responsibility.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you up until you turn 25.

It’s important to understand that some credits don’t apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, you’re out of luck. Any qualifying discounts will cut the cost of coverage.

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

BMW X1 insurance rates have many determining factors

An important part of buying insurance is that you know the factors that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively determines base rates enables informed choices that will entitle you to better car insurance rates.

Shown below are some of the items car insurance companies consider when setting prices.

  • Protect your assets with liability insurance – Your policy’s liability coverage is the coverage that protects you when you are found liable for damages from an accident. Liability provides legal defense coverage which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.
  • Do you need the policy add-ons? – There are quite a few extra coverages that can waste your money on your X1 policy. Coverages for rental car reimbursement, accident forgiveness and additional equipment coverage are some examples. These coverages may sound good when you first buy your policy, but now you might not need them so eliminate them to save money.
  • A clean driving record saves money – Your driving citation history has a huge affect on how much you pay. Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Even one moving violation can bump up the cost by twenty percent. Drivers who have flagrant citations like DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to keep their license.
  • High credit ratings translate to low rates – Your credit score is a big factor in calculating your car insurance rates. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with poor credit. If your credit score is low, you could potentially save money when insuring your 2014 BMW X1 by improving your credit score.

Tailor your coverage to you

When it comes to choosing coverage, there is no single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining if you may require specific advice.

  • Should I buy additional glass protection?
  • Is there coverage for injuries to my pets?
  • How much can I save by bundling my policies?
  • Is business equipment covered while in my vehicle?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I pay less if my vehicle is kept in my garage?
  • What is covered by UM/UIM coverage?
  • Can I make deliveries for my home business?
  • Am I covered if I drive in a foreign country?
  • Is my trailer covered?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Coverages available on your policy

Understanding the coverages of your auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages available from auto insurance companies.

Auto liability – This protects you from injuries or damage you cause to people or other property in an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as funeral expenses, medical services and repair costs for stationary objects. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for bills like surgery, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover 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

Collision coverage – Collision insurance covers damage to your X1 resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things such as driving through your garage door, rolling your car, hitting a mailbox and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to bring the cost down.

Comprehensive auto insurance – This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, theft, hitting a deer, a tree branch falling on your vehicle and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers – This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW X1.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Do the work, save more money

We covered many ways to get a better price on 2014 BMW X1 insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers could even find that the best prices are with some of the smallest insurance companies. These smaller insurers often have lower prices on specific markets compared to the large companies like State Farm and Allstate.

When shopping online for insurance coverage, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed full coverage and learned later they didn’t have enough coverage. Your focus should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

For more information, link through to the resources below: