2010 BMW 1 Series Insurance Quotes – 5 Ideas for Cheaper Rates

Want cheaper insurance coverage rates for your BMW 1 Series? Comparing car insurance rates is not a task car owners relish, but it has to be done for any vehicle you drive.

It’s a good idea to do rate comparisons yearly since rates are usually higher with each renewal. Despite the fact that you may have had the best deal for 1 Series coverage last year you can probably find a better price now. Starting now, ignore everything you know about insurance coverage because you’re going to learn how to use the internet to save on insurance coverage.

Discounts mean cheaper BMW 1 Series insurance rates

Companies that sell car insurance don’t list all their discounts very clearly, so we break down both well-publicized and the more hidden ways to save on auto insurance.

  • Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and will save you 10% or more.
  • Clubs and Organizations – Being a member of a professional or civic organization could trigger savings when buying auto insurance for 1 Series coverage.
  • New Car Discount – Putting insurance coverage on a new car is cheaper compared to insuring an older model.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.

A little note about advertised discounts, many deductions do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

To see a list of providers offering auto insurance discounts, click this link.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

Here are some questions about coverages that could help you determine whether or not you may require specific advice.

  • Is my 2010 BMW 1 Series covered for flood damage?
  • Does my car insurance cover rental cars?
  • Do I need rental car coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • I have health insurance so do I need medical payments coverage?
  • What exactly is covered by my policy?
  • Does coverage extend to a rental car in a foreign country?
  • Is a blown tire covered by insurance?
  • How many claims can I have before being cancelled?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form.

Auto insurance specifics

Understanding the coverages of your auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and coverage can change by endorsement.

Liability car insurance

Liability coverage can cover damage that occurs to people or other property. It protects YOU from claims by other people, and doesn’t cover 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. As an example, you may have policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for things like repair costs for stationary objects, pain and suffering, medical services and loss of income. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like pain medications, doctor visits, funeral costs and chiropractic care. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision insurance

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as colliding with a tree, hitting a mailbox, rolling your car, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like vandalism, damage from flooding, damage from a tornado or hurricane, rock chips in glass and hail damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Stretch your dollar

In this article, we covered a lot of information how to get a better price on 2010 BMW 1 Series insurance. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest premiums are with a smaller regional carrier.

Consumers switch companies for any number of reasons including delays in paying claims, an unsatisfactory settlement offer, delays in responding to claim requests or high rates after DUI convictions. Regardless of your reason, switching companies is not as hard as you think.

Cost effective insurance can be sourced on the web in addition to many insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who do not provide you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

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