2013 BMW 1 Series Car Insurance Quotes

Feeling guilty for buying overpriced auto insurance? Believe me, many consumers are in the same pinch.

There is such a variety of insurers to pick from, and even though it’s nice to have a selection, having more insurance companies makes it harder to locate the cheapest rates.

Finding affordable coverage is easy if you know what you’re doing. Essentially anyone who shops for insurance most likely will be able to find better rates. Although car owners can benefit from knowing the way companies sell online and apply this information to your search.

Insurance coverage quotes and discounts

Car insurance companies don’t always list every policy discount in an easy-to-find place, so the list below gives a summary of some of the best known and the more hidden discounts that may be available.

  • Responsible Driver Discounts – Insureds without accidents can get discounts for up to 45% lower rates for 1 Series insurance as compared to drivers with claims.
  • Senior Citizens – Drivers that qualify as senior citizens may receive better insurance coverage rates for 1 Series insurance.
  • Active Service Discounts – Being deployed with a military unit could trigger a small discount.
  • Accident Forgiveness Coverage – Not a discount per se, but a few companies such as Allstate and State Farm will forgive one accident without getting socked with a rate hike if you have no claims prior to the accident.
  • Paperwork-free – Many insurance companies give back up to $50 for buying your policy digitally online.
  • Clubs and Organizations – Being in a professional or civic organization could qualify you for a break on your next renewal.
  • Anti-lock Brakes – Cars with ABS and/or traction control can reduce accidents and earn discounts up to 10%.
  • Theft Deterent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class in school or through a local driver safety program.
  • Home Ownership Discount – Owning your own home or condo can earn you a little savings because it demonstrates responsibility.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Some only apply to individual premiums such as medical payments or collision. Even though it appears having all the discounts means you get insurance for free, you won’t be that lucky. Any amount of discount should help reduce the premium cost.

To see insurers who offer cheap insurance coverage quotes, click here to view.

How to lower your insurance cost

The majority of larger companies give price estimates direct online. Getting prices online is quite easy as you just enter as detailed in the form. When the form is submitted, their quoting system will order your credit score and driving record and gives you a price quote determined by many factors. Online quotes makes it a lot easier to compare rates but the process of having to visit several different sites and type in the same information can get tiresome after awhile. But it’s absolutely necessary to get many rate quotes if you want to get better prices.

There is an easier way to compare rates

The preferred way to lower your insurance bill uses one simple form to obtain quotes from more than one company. The form is fast, requires much less work on your part, and makes online shopping much easier. After your information is entered, your coverage is rated with multiple companies and you can pick any or none of the quote results. If a lower price is quoted, you can simply submit the application and purchase coverage. This process takes 15 minutes at the most and may result in a nice savings.

To find out how much you’re overpaying now, click here to open in new window and submit the form. If you have a policy now, it’s recommended you input your coverages as shown on your current policy. This ensures you’re receiving comparison quotes for the exact same coverage.

How do insurance companies determine BMW 1 Series insurance rates?

Smart consumers have a good feel for a few of the rating criteria that help calculate the rates you pay for car insurance. If you have some idea of what determines base rates, this enables you to make decisions that could help you find better car insurance rates. Many things are considered when quoting car insurance. Some are obvious such as your driving record, but others are not as apparent such as whether you are married or your vehicle rating.

The factors shown below are some of the most rate-impacting factors companies use to determine rates.

  • Youthful drivers pay more – Older people are shown to be more cautious, cause fewer claims and accidents .Inexperience drivers tend to be careless and easily distracted behind the wheel and because of this, their car insurance rates are much higher.
  • A car insurance lapse can increase premiums – Driving without insurance coverage in place is a misdemeanor and you may have a hard time finding new coverage because you let your insurance coverage expire. In addition to paying higher premiums, being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license. You may have to submit proof of financial responsibility or a SR-22 with your state DMV.
  • How much liability coverage do you need? – The liability section of your policy is the protection in the event that you are found to be at fault for damages from an accident. It provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
  • Where you live plays a part – Choosing to live in smaller towns and rural areas of the country is a good thing when buying car insurance. Less people living in that area translates into fewer accident claims in addition to lower liability claims Urban drivers have to deal with more road rage incidents and much longer commute distances. Longer commute distances means a statistically higher chance of an accident.
  • Being married brings a discount – Your spouse actually saves money when shopping for car insurance. Having a spouse may mean you are more financially stable and statistics prove drivers who are married file infrequent claims.

Situations that may require an agent’s advice

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions can help discover whether or not you might need professional guidance.

  • Is my 2013 BMW 1 Series covered for smoke damage?
  • Exactly who is provided coverage by my policy?
  • Am I getting all the discounts available?
  • Can my babysitter drive my car?
  • How much liability coverage do I need in my state?
  • Am I covered if I break a side mirror?
  • Is a fancy paint job covered?
  • Does my policy pay for OEM or aftermarket parts?
  • Why do I need rental car insurance?

If you can’t answer these questions but a few of them apply then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

What insurance coverages do you need?

Understanding the coverages of insurance aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages found on the average insurance policy.

Liability coverages – Liability coverage can cover damages or injuries you inflict on other’s property or people in an accident. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability can pay for things like medical expenses, attorney fees and structural damage. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, a broken windshield, fire damage, a tree branch falling on your vehicle and hitting a deer. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverages – Collision insurance pays for damage to your 1 Series from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as driving through your garage door, sustaining damage from a pot hole, crashing into a ditch and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Medical expense insurance – Coverage for medical payments and/or PIP kick in for bills such as chiropractic care, rehabilitation expenses and surgery. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your BMW 1 Series.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Cheaper insurance is a realistic goal

When shopping online for insurance coverage, you should never reduce needed coverages to save money. There are many occasions where an accident victim reduced uninsured motorist or liability limits to discover at claim time that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.

The cheapest 2013 BMW 1 Series insurance is definitely available on the web and with local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some companies do not provide online price quotes and most of the time these regional carriers prefer to sell through independent insurance agents.

Even more information is located at these sites: