Quick Tutorial for Buying Car Insurance for a BMW X1

I can’t think of anyone who likes paying for car insurance, especially knowing their premiums are too high. Online insurance companies like Progressive, State Farm and GEICO continually bombard you with catchy ads and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.

If you have a current car insurance policy or are shopping for new coverage, you can use these techniques to find better prices while maintaining coverages. Buying car insurance is not that difficult. Vehicle owners only need to know the proper way to shop over the internet.

Save money by taking advantage of these discounts

Insurance can cost an arm and a leg, but discounts can save money and there are some available to reduce the price significantly. Certain discounts will be triggered automatically when you complete an application, but a few need to be requested specifically before being credited. If you aren’t receiving every discount you deserve, you are throwing money away.

• Organization Discounts – Belonging to a professional or civic organization could trigger savings on your policy on X1 coverage.
• Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
• Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
• Homeowners Pay Less – Owning a home may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
• Multi-policy Discount – When you combine your home and auto insurance with the same insurance company you may earn 10% to 20% off each policy.
• Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts up to 30%.
• Military Rewards – Being deployed with a military unit could mean lower rates.
• Defensive Driving Course – Taking part in a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
• Distant Student – Youth drivers who are attending college and don’t have a car can receive lower rates.
• Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on X1 coverage with select insurance companies.

Consumers should know that many deductions do not apply to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky. But all discounts will cut your premiums.

How to Compare Car Insurance

Getting a lower price on BMW X1 insurance is not a difficult process. All you need to do is take the time to compare quotes from different insurance companies. This is very easy and can be done in a couple of different ways.

1. The single most time-saving 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 each company. One simple form gets you price quotes from multiple companies.
2. A less efficient way to find lower rates consists of going to the website for each individual company and request a quote. For examples sake, let’s say you want to compare rates from Nationwide, Esurance and Allstate. To find out each rate you need to visit each site and enter your policy data, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

Whichever way you use, compare identical coverage limits for every company. If you have different limits and deductibles on each one it’s impossible to decipher which rate is best.

Why your BMW X1 insurance rates may be high

It’s important that you understand the different types of things that play a part in calculating the rates you pay for car insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that may reward you with lower car insurance prices.

• Never allow your policy to lapse – Having an insurance coverage lapse will be a sure-fire way to increase your car insurance rates. Not only will rates go up, but not being able to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
• Higher safety ratings means cheaper insurance – Safer cars tend to have better insurance rates. The safest vehicles reduce injuries and fewer injuries translates into savings for insurance companies and lower rates for you. If the BMW X1 has ratings of a minimum four stars on Safercar.gov you are probably receiving a discount.
• Policy add-ons can waste money – There are a ton of extra coverages that you can buy when buying car insurance. Things like roadside assistance, towing coverage and additional equipment coverage may be costing you every month. They may seem good at first, but now you might not need them so remove them from your policy.
• Your car’s features help determine rates – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
• Type of vehicle determines base rates – The performance level of the car you are insuring makes a big difference in how high your rates are. Since the BMW X1 is classified as a luxury crossover, insuring your vehicle will cost substantially more when compared to the average rates. Small economy passenger models receive the most favorable rates, but the final cost of insurance is determined by many other factors.
• Liability coverage is peace of mind – The liability section of your policy will protect you if a court rules you are at fault for damages caused by your negligence. Liability provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.

Can you really save that much by switching?

Consumers can’t ignore all the ads for car insurance savings by companies like Allstate and Progressive. All the companies make an identical promise of big savings if you move to them.

How can each company make almost identical claims? It’s all in the numbers.

All companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a desirable insured could be over the age of 50, is a homeowner, and drives less than 7,500 miles a year. A propective insured that hits that “sweet spot” is entitled to the best price and therefore will pay quite a bit less when switching companies.

Drivers who don’t meet the requirements will have to pay a more expensive rate and ends up with the customer not buying. The ads state “customers that switch” not “everyone that quotes” save money. That’s the way companies can advertise the savings.

Because of the profiling, you should get as many comparisons as possible. It’s not possible to predict which company will give you the biggest savings.

Quote often and quote early

Lower-priced BMW X1 insurance can be bought on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

You just read many tips how you can get a better price on BMW X1 insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even discover the lowest rates come from some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm and Allstate.