2012 BMW 1 Series Insurance Rates in 2024 – 7 Tricks for Cheaper Quotes

Want lower car insurance rates for your BMW 1 Series? Think you have an underperforming, overpriced car insurance policy? Believe me when I say many drivers feel the same as you.

Vehicle owners have so many car insurance companies to buy insurance from, and even though it’s nice to have a choice, so many choices can make it hard to compare rates and find the lowest cost car insurance.

It’s important to compare rates once or twice a year because car insurance prices change frequently. Just because you had the lowest rates for 1 Series coverage a year ago you can probably find a better premium rate now. Ignore everything you know about car insurance because you’re about to learn the right way to save money, get proper coverage and the best rates.

Finding the best rates is quite easy. In a nutshell, every driver who buys auto insurance will most likely be able to reduce their rates. But vehicle owners must comprehend how big insurance companies determine prices and apply this information to your search.

The best way to compare rate quotes takes advantage of the fact most larger insurance companies provide online access to compare their rates. All you need to do is take a few minutes to give details like if you require a SR-22, whether you are married, your occupation, and deductibles desired. That rating data is then sent to many of the top insurers and you should receive rate quotes almost instantly.

To find the cheapest BMW 1 Series insurance rates, click here and find out if lower rates are available.

Don’t overlook these seven auto insurance discounts

Buying auto insurance is not cheap, but you can get discounts that can drop the cost substantially. Some of these discounts will be visible when you complete an application, but less common discounts must be inquired about in order for you to get them.

• Homeowners Savings – Simply owning a home can earn you a little savings since owning and maintaining a home shows financial diligence.
• Drivers Education – Cut your cost by having your teen driver participate in a local driver’s education class in school.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn better rates if you take out a life policy as well.
• Discounts for Safe Drivers – Drivers without accidents can pay as much as 50% less for 1 Series coverage compared to rates paid by drivers with frequent claims.
• Organization Discounts – Belonging to a professional or civic organization could earn you a nice discount on your next renewal.
• One Accident Forgiven – This one isn’t a discount, but a few companies such as Liberty Mutual and GEICO allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a specific time period.
• Safety Course Discount – Taking a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.

Discounts save money, but please remember that some credits don’t apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as 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.

To locate companies that can offer you the previously mentioned discounts, enter your zip code here.

When to get professional advice

When it comes to choosing adequate coverage, there really is not a one size fits all plan. Each situation is unique so your insurance should reflect that For instance, these questions can aid in determining whether you will benefit from professional help.

• Am I covered when pulling a rental trailer?
• When should my teen driver be added to my policy?
• Do I benefit by insuring my home with the same company?
• I have health insurance so do I need medical payments coverage?
• Who is covered by my policy?
• Does my personal policy cover me when driving out-of-state?

If it’s difficult to answer those questions 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 enter your zip code.

Big names are not always cheapest

Big name companies like Allstate and Progressive continually stream ads on TV and radio. They all seem to have a common claim about how much you will save if you move your policy. How can each company have lower policy pricing? It’s all in how they say it.

Many companies provide the lowest rates for the type of insured that makes them money. An example of a profitable risk profile might be described as a female over age 40, has no driving citations, and drives a lower-performance vehicle. Anybody who matches those parameters will probably get the lowest car insurance rates and will save when switching.

Insureds who cannot meet these criteria will be charged higher rates which leads to the customer not purchasing. If you listen closely, the ads state “customers who switch” not “all people who quote” save that kind of money. That is how insurance companies can advertise the way they do. Because of this risk profiling, you really need to get as many free auto insurance quotes as possible. Because you never know which insurance companies will have the best prices.

Learn about insurance coverages for a BMW 1 Series

Understanding the coverages of a insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages found on the average insurance policy.

Auto collision coverage

Collision insurance will pay to fix damage to your 1 Series from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, driving through your garage door, scraping a guard rail, colliding with a tree and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Liability auto insurance

Liability coverage protects you from damage that occurs to other people or property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like structural damage, medical expenses, loss of income, emergency aid and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Medical costs insurance

Med pay and PIP coverage provide coverage for bills like prosthetic devices, chiropractic care and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

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 should not be overlooked.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, rock chips in glass and theft. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

A little work can save a LOT of money

Low-cost 2012 BMW 1 Series insurance can be bought online as well as from independent agents, and you should be comparing both so you have a total pricing picture. A few companies may not offer online rate quotes and usually these regional insurance providers sell through independent agents.

As you quote auto insurance, it’s very important that you do not sacrifice coverage to reduce premiums. There are a lot of situations where someone dropped liability coverage limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible at the lowest possible cost and still be able to protect your assets.