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BMW 1 Series Insurance Rates

Comparing auto insurance by quoting online can be fast and easy and there is a good chance you might just save a little. The most important part is to take the time to get rates from all companies so you can compare every option.

If you've never shopped for auto insurance online, you can be overwhelmed by the hoards of companies vying for your business. Finding a lower price on 1 Series insurance is a fairly straight forward process. You just have to take a little time to get quotes provided by online insurance companies. This can be done by visiting this page.

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Auto insurance rates on a BMW 1 Series can vary widely depending on several factors. Some of these factors include:

  • A clean driving record keeps rates low
  • Credit rating
  • Your location impacts rates
  • The number of annual miles
  • Male drivers pay higher rates
  • Higher deductibles save money
  • Safety rating of your 1 Series
  • Claims drive up premiums
  • No coverage lapses saves money
  • Whether you own your home

A final factor that can impact 1 Series insurance rates is the model year. A newer vehicle have a higher value in comparison to later models so the cost to replace them can inflate annual premiums. Conversely, new BMW models may have a trim level with safety features such as traction control, active head restraints, a backup camera, and an advanced theft deterrent system which can provide discounts that lower premiums.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle below.

Liability coverages

This coverage provides protection from damage that occurs to people or other property. Liability coverage pays for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying higher limits if possible.

Collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in. Collision coverage for your 1 Series can be pricey, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your BMW 1 Series comprehensive insurance. The maximum payout you'll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Because many people only purchase the least amount of liability that is required, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Personal Injury Protection is not universally available but can be used in place of medical payments coverage.

How Much are BMW 1 Series Insurance Rates?