Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 6, 2015

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Trying to find better car insurance rates for your BMW X1? Getting affordable car insurance over the internet is impossible for consumers who are beginners to quoting and comparing rates and buying car insurance on the web. With such a large choice of insurers available, how can consumers effectively compare every possible option in order to find better prices?

Smart consumers take time to shop coverage around yearly because rates go up and down regularly. If you had the lowest premium rates on X1 coverage a couple years back the chances are good that you can find a lower price today. Forget all the misinformation about car insurance because you’re about to learn the quickest way to save money, get proper coverage and the best rates.

Buying cheaper protection is simple if you know the tricks. Just about anyone who is shopping for car insurance will more than likely be able to find better rates. But car owners need to learn how insurance companies sell insurance online and take advantage of how the system works.

Components of your BMW X1 insurance prices

Many things are used in the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving record, although some other factors are not quite as obvious like where you live or your financial responsibility.It’s important that you understand the factors that help calculate your premiums. If you know what positively or negatively impacts your premiums, this enables you to make decisions that could result in cheaper rates.

The factors shown below are some of the things used by insurance companies to determine rates.

  • More than one policy can earn a discount – Most major insurance companies give lower prices to people that have more than one policy, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to compare other company rates to verify if the discount is saving money.
  • High deductibles lower costs – Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your BMW. Examples of covered claims could be collision with another vehicle, flood damage, or theft. Your deductibles define the amount you are willing to pay in the event of a claim. The larger the amount the insured is willing to pay, the lower your rates will be on X1 coverage.
  • Cut prices and deter theft – Choosing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping your car from being stolen.
  • Your address can influence rates – Living in less populated areas can be a good thing if you are looking for the lowest rates. Residents of big cities have more traffic problems and more time behind the wheel. Fewer drivers means reduced accidents as well as less vandalism and auto theft.
  • Excellent credit saves on auto insurance – Your credit history will be a significant factor in your rate calculation. If your credit score is low, you could save money insuring your 2016 BMW X1 by repairing your credit. Consumers who have high credit ratings tend to be more responsible as compared to drivers with poor credit scores.
  • Save by driving less – The more you drive in a year the more it will cost to insure it. The majority of insurers apply a rate determined by how the vehicle is used. Cars and trucks left parked in the garage can get a lower rate compared to those used for work or business. Having the wrong rating on your X1 can cost quite a bit. Make sure your policy states the correct usage.
  • High policy claims frequency drives up premiums – Auto insurance companies generally give most affordable rates to people that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can definitely plan on either higher rates or even cancellation. Your insurance policy is meant to be used in the event of the large, substantial claims.

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Insurance policy discounts

Car insurance companies don’t always list every policy discount very clearly, so the below list has a few of the more common as well as the least known credits available to bring down your rates.

  • Anti-lock Brake System – Cars, trucks, and SUVs equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Membership in Organizations – Joining a qualifying organization may earn a discount when shopping for insurance.
  • Distant College Student Discount – College-age children who are attending college without a vehicle on campus can receive lower rates.
  • Theft Deterent Discount – Cars, trucks, and SUVs that have factory anti-theft systems can help prevent theft and earn discounts up to 10% off your car insurance quote.
  • Pay Now and Pay Less – By paying your entire bill at once rather than paying monthly you can actually save on your bill.
  • Buy New and Save – Buying insurance coverage on a new vehicle can save you some money since new model year vehicles have better safety ratings.
  • Drive Less and Save – Fewer annual miles on your BMW could qualify for lower insurancerates due to less chance of an accident.

One thing to note about discounts is that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like it’s possible to get free car insurance, you won’t be that lucky.

A few popular companies and a partial list of their discounts are shown below.

  • The Hartford may include discounts for bundle, good student, air bag, defensive driver, vehicle fuel type, and anti-theft.
  • American Family policyholders can earn discounts including accident-free, good student, early bird, mySafetyValet, and air bags.
  • Progressive may have discounts that include multi-vehicle, good student, multi-policy, continuous coverage, online quote discount, and homeowner.
  • Travelers has savings for multi-policy, student away at school, save driver, new car, payment discounts, IntelliDrive, and multi-car.
  • Farmers Insurance has discounts for bundle discounts, youthful driver, teen driver, pay in full, and switch companies.
  • USAA may offer discounts for multi-vehicle, new vehicle, military installation, family discount, good student, vehicle storage, and defensive driver.
  • Liberty Mutual offers discounts for multi-car, good student, new graduate, newly married, preferred payment discount, and safety features.

Before you buy a policy, ask each insurance company what discounts are available to you. A few discounts might not be available to policyholders in your area. To see a list of insurance companies that offer discounts, click this link.

How do I know if I need professional advice?

When choosing the best insurance coverage coverage for your vehicles, there isn’t really a cookie cutter policy. Every situation is different.

These are some specific questions may help you determine if your insurance needs could use an agent’s help.

  • When can my company non-renew my policy?
  • What discounts do I qualify for?
  • Do I have coverage when making deliveries for my home business?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I covered if hit by an uninsured driver?
  • Does liability extend to a camper or trailer?
  • Do I need added coverage for expensive stereo equipment?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I rate my 2016 BMW X1 as pleasure use or commute?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverages

Learning about specific coverages of auto insurance can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, damage from a tornado or hurricane, damage from getting keyed, a tree branch falling on your vehicle and fire damage. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability

This will cover injuries or damage you cause to people or other property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims such as repair costs for stationary objects, legal defense fees and court costs. How much coverage you buy is a personal decision, but buy as high a limit as you can afford.

Medical expense insurance

Med pay and PIP coverage reimburse you for bills such as pain medications, ambulance fees, doctor visits and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Collision insurance

This will pay to fix damage to your X1 resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as sustaining damage from a pot hole, driving through your garage door and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and also any damage incurred to your 2016 BMW X1.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Shop Smart and Save

People change insurance companies for many reasons like being labeled a high risk driver, lack of trust in their agent, policy non-renewal and even delays in paying claims. No matter why you want to switch, finding the right insurance provider is less work than it seems.

When searching for the cheapest car insurance quotes, do not buy poor coverage just to save money. There have been many cases where someone dropped full coverage and discovered at claim time they didn’t have enough coverage. The ultimate goal is to find the BEST coverage at the best possible price.

The cheapest 2016 BMW X1 insurance can be purchased from both online companies in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not offer the ability to get quotes online and these regional carriers sell through independent agents.

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