2008 BMW 1 Series Car Insurance Quotes – 10 Tricks for Cheapest Rates

Shoppers have options when shopping for low-cost BMW 1 Series insurance. You can either spend your time driving around to get rate comparisons or leverage the internet to make rate comparisons.

There are more efficient ways to shop for insurance and we’ll show you the absolute fastest way to get price quotes for a new or used BMW and get the lowest possible price from both online companies and local agents.

It’s a good habit to compare prices yearly because insurance prices are usually higher with each renewal. If you had the lowest quotes on 1 Series coverage last year other companies may now be cheaper. Ignore everything you know about insurance because you’re about to learn how to use the internet to lower your annual insurance bill.

If you have a current insurance policy or need new coverage, you can use these techniques to find better prices and possibly find even better coverage. This article will let you in on how car insurance quotes work and some money-saving tips. Vehicle owners only need to know the proper methods to find the lowest price over the internet.

Buy insurance coverage online

All major insurance coverage companies like State Farm, Geico and Progressive give prices for coverage on the web. Getting quotes is easy for anyone because you just enter the coverages you want on the page. When complete, their quoting system obtains your driving record and credit report and returns a price.

Online price quotes makes it easy to compare insurance prices but having to visit different websites and enter the same data into a form can get tiresome after awhile. But it’s absolutely necessary to get many rate quotes if you want to find better prices.

A quicker way to lower your rates utilizes a single form to obtain quotes from a bunch of companies at once. This type of form saves time, requires less work, and makes online price comparison much easier. After sending your information, it is quoted with multiple companies and you can pick any one of the price quotes you receive.

If a lower price is quoted, it’s easy to complete the application and purchase the new policy. It takes just a few minutes to complete and may result in a nice savings.

To quickly compare rates now, click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it’s recommended that you enter the insurance coverages as close as possible to your current policy. Using the same limits helps guarantee you’re receiving rate comparison quotes for similar coverage.

Auto insurance companies offer many discounts

Some providers don’t always list every policy discount in a way that’s easy to find, so we break down both the well known and also the more inconspicuous auto insurance savings.

Early Signing – A few companies give discounts for buying a policy before your current expiration date. This can save 10% or more.
Safety Course Discount – Completing a course in defensive driver could cut 5% off your bill if your company offers it.
Low Mileage Discounts – Driving fewer miles could qualify for lower premium rates due to less chance of an accident.
College Student Discount – Any of your kids who are enrolled in higher education away from home and do not take a car to college could get you a discount.
Military Rewards – Having a family member in the military can result in better premium rates.
Onboard Data Collection – People who choose to allow their company to scrutinize driving patterns remotely like In-Drive from State Farm and Progressive’s Snapshot might see lower rates if they have good driving habits.
Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the medical payments premium.
ABS Brakes – Cars equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
Multiple Cars – Drivers who insure multiple vehicles on a single policy qualifies for this discount.
Waiver for an Accident – This one is not really a discount per se, but some insurance companies allow you one accident before raising your premiums with the catch being you have to be claim-free prior to being involved in the accident.

Discounts lower rates, but some of the credits will not apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like you could get a free auto insurance policy, companies wouldn’t make money that way. But all discounts will positively reduce your auto insurance premiums.

Some of the insurance companies that may include these discounts are:

When quoting, ask every company how many discounts you can get. Savings may not be available in your area. If you would like to view insurers offering auto insurance discounts, click this link.

Do I just need basic coverages?

When choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

These are some specific questions may help you determine whether or not you might need professional guidance.

I have health insurance so do I need medical payments coverage?
Is my ex-spouse still covered by my policy?
When should I buy a commercial auto policy?
What exactly is covered by my policy?
Will I be non-renewed for getting a DUI or other conviction?
Does my insurance cover a custom paint job?
Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can provide invaluable advice.

Auto insurance coverage specifics

Understanding the coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hitting a bird, vandalism, a broken windshield and damage from flooding. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as funeral costs, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Auto collision coverage

This coverage will pay to fix damage to your 1 Series caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, backing into a parked car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your BMW 1 Series.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Liability coverages

This provides protection from damage that occurs to other’s property or people in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims like medical services, repair bills for other people’s vehicles and legal defense fees. How much liability should you purchase? That is up to you, but buy as large an amount as possible.