2017 BMW X1 Insurance Rates – 5 Tips for Best Quotes

Want the cheapest auto insurance rates for your BMW X1? Finding more affordable premium rates on Driversauto insurance is a challenge for people new to buying insurance online. With such a large number of agents and insurance companies available, it can be a ton of work to compare premium rates.

The purpose of this post is to help educate you on how to get online quotes. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. But vehicle owners need to learn how the larger insurance companies price online insurance and take advantage of how the system works.

Insurance coverage policy discounts

Auto insurance companies don’t always list every available discount very clearly, so the next list breaks down a few of the more well known and the harder-to-find credits that you can use to lower your rates.

  • Drive Safe and Save – Safe drivers can pay as much as 50% less on X1 coverage compared to accident prone drivers.
  • ABS and Traction Control Discounts – Cars that have anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
  • Include Life Insurance and Save – Some insurance companies give better prices if you take out life insurance from them.
  • Military Deployment Discount – Having a family member in the military may qualify for rate reductions.
  • Student Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class as it will make them better drivers and lower rates.

A quick disclaimer, some of the credits will not apply to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So when the math indicates you could get a free insurance coverage policy, insurance companies wouldn’t stay in business. But all discounts should definitely cut your policy premium.

A few of the larger companies and a selection of discounts can be found below.

  • Geico offers discounts for multi-vehicle, daytime running lights, emergency military deployment, air bags, anti-lock brakes, federal employee, and good student.
  • Travelers includes discounts for hybrid/electric vehicle, home ownership, multi-car, save driver, IntelliDrive, student away at school, and driver training.
  • Farm Bureau discounts include youthful driver, safe driver, renewal discount, multi-policy, 55 and retired, and good student.
  • Liberty Mutual offers premium reductions for good student, newly married, teen driver discount, safety features, and multi-car.
  • American Family may offer discounts for mySafetyValet, early bird, accident-free, good student, air bags, multi-vehicle, and Steer into Savings.
  • Progressive may have discounts that include multi-vehicle, online quote discount, good student, multi-policy, continuous coverage, and online signing.

Before purchasing a policy, check with all companies you are considering the best way to save money. All car insurance discounts may not apply to policies in every state. To view insurance coverage companies with discount insurance coverage rates, follow this link.

How do I know if I need professional advice?

When it comes to choosing coverage, there is no cookie cutter policy. Everyone’s needs are different.

Here are some questions about coverages that might help in determining whether you will benefit from professional help.

  • Should I sign the liability waiver when renting a car?
  • Do I need roadside assistance coverage?
  • Is my dog or cat covered if injured in an accident?
  • Am I covered if I wreck a rental car?
  • When can my company non-renew my policy?
  • Why do I only qualify for high-risk insurance?
  • What is no-fault insurance?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

But they said I’d save $450 a year!

Well-known insurance companies like 21st Century, Allstate and State Farm regularly use television and radio advertisements. They all try to convey promises about savings after switching to their company. Is it even possible that every company can save you money? Just pay attention to how they say it.

All companies have a certain “appetite” for the type of customer that makes them money. For example, a desirable insured may need to be over the age of 45, has no tickets, and drives a lower-performance vehicle. Any driver that hits that “sweet spot” is entitled to the best price and will probably save when they switch companies.

Potential insureds who do not fit this stringent profile will be charged higher premiums and ends up with the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” not “everyone that quotes” save that much money. That’s why companies can claim big savings.

This really illustrates why you absolutely need to do a price quote comparison at every renewal. It’s impossible to know which company will have the lowest rates.

Insurance coverage options for a 2017 BMW X1

Having a good grasp of insurance helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW X1.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision coverage covers damage to your X1 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like driving through your garage door, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as rock chips in glass, damage from flooding, fire damage and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical costs insurance

Med pay and PIP coverage kick in for expenses such as hospital visits, ambulance fees and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Coverage for liability

This provides protection from damage that occurs to a person or their property. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things like emergency aid, repair bills for other people’s vehicles, loss of income and bail bonds. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Power to the consumer

We’ve covered many tips how you can lower your 2017 BMW X1 insurance rates. The key thing to remember is the more you quote insurance, the better your chances of lowering your car insurance rates. Consumers could even find that the biggest savings come from an unexpected company.

When getting insurance quotes online, do not skimp on coverage in order to save money. There are too many instances where someone dropped liability coverage limits and discovered at claim time that it was a big error on their part. Your aim should be to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

More affordable auto insurance can be bought from both online companies and also from your neighborhood agents, so you need to shop insurance with both to get a complete price analysis. Some insurance providers may not offer the ability to get quotes online and many times these small insurance companies only sell through independent agents.

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