How long has it been since you sat down and looked for lower-priced BMW X1 insurance in Orlando? Did a good deal turn into an overpriced car insurance policy? Believe me when I say there are many Orlando drivers thinking the same thing.
It goes without saying that insurance companies want to prevent you from shopping around. People who shop around for cheaper rates will presumably buy a different policy because of the high probability of finding a lower-cost company. A recent survey found that consumers who compared rates annually saved $70 a month compared to policyholders who never shopped around for better prices.
If finding the cheapest price on BMW X1 insurance is the reason you’re here, then having some knowledge of the best way to shop and compare auto insurance can help simplify the task of finding more affordable coverage. Vehicle owners have so many auto insurance companies to pick from, and though it is a good thing to have multiple companies, it can be more difficult to compare rates and find the lowest cost car insurance.
Comparison shopping for cheaper coverage in Orlando is not that difficult. If you have a policy now or just want cheaper coverage, you will benefit by learning to get lower rates without reducing coverage. Drivers just have to know the most efficient way to get comparison rates from many different companies.
The most recommended method to compare car insurance company rates for BMW X1 insurance in Orlando is to know the trick car insurance companies will pay a fee to give you rate quotes. The one thing you need to do is provide information including the type of vehicles you drive, the ages of drivers, if you lease or own, and whether you are married. That rating data is instantly provided to insurance companies and they return cost estimate almost instantly.
To compare rates for your BMW X1 now, click here and complete the quick form.
The providers in the list below are ready to provide comparison quotes in Orlando, FL. If your goal is to find cheap auto insurance in Orlando, we suggest you compare several of them to get a more complete price comparison.
Lower rates by qualifying for discounts
Auto insurance is neither fun to buy or cheap, but there’s a good chance there are discounts that could drop your premiums quite a bit. Certain credits will be shown when you complete an application, but some discounts are required to be inquired about in order for you to get them.
- Telematics Devices – Drivers who elect to allow their insurance company to look at driving manner by using a telematic data system like Allstate’s Drivewise may see discounts if they are good drivers.
- ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems have fewer accidents and earn discounts up to 10%.
- Pay Early and Save – By paying your policy upfront as opposed to paying monthly you could save up to 5%.
- Discounts for Multiple Vehicles – Having more than one vehicle with the same company qualifies for this discount.
- Active Service Discounts – Being deployed with a military unit can result in better premium rates.
- Discount for New Cars – Buying a new car instead of a used X1 can get you a discount because newer vehicles have to meet stringent safety requirements.
Policy discounts save money, but many deductions do not apply to the entire cost. Most only cut specific coverage prices like comp or med pay. So even though it sounds like adding up those discounts means a free policy, it’s just not the way it works. Any qualifying discounts will help lower the premium cost.
A few popular companies and the discounts they provide can be found below.
- State Farm offers premium reductions for passive restraint, student away at school, safe vehicle, multiple autos, Drive Safe & Save, driver’s education, and accident-free.
- Nationwide includes discounts for multi-policy, business or organization, defensive driving, family plan, easy pay, and good student.
- GEICO discounts include anti-theft, emergency military deployment, good student, five-year accident-free, and seat belt use.
- AAA offers discounts for pay-in-full, multi-policy, anti-theft, good student, AAA membership discount, and education and occupation.
- 21st Century may include discounts for anti-lock brakes, student driver, driver training, good student, and theft prevention.
- The Hartford offers discounts including driver training, anti-theft, bundle, vehicle fuel type, and good student.
When comparing rates, check with each company which credits you are entitled to. Some credits might not apply in Orlando. To find companies that offer discounts in Florida, click this link.
The BMW X1 Insurance Rate Equation
A large part of saving on insurance is knowing the rating factors that help determine the price you pay for insurance. If you understand what determines premiums, this helps enable you to make changes that may result in cheaper rates.
Listed below are a few of the “ingredients” used by insurance companies to determine prices.
Drive less and save – The more you drive in a year the higher the price you pay to insure it. The majority of insurers price each vehicle’s coverage based upon how much you drive. Vehicles not used for work or commuting cost less to insure as compared to vehicles used primarily for driving to work. Make sure your insurance policy states how each vehicle is driven, because improper ratings can cost you money. Improper usage on your X1 can result in significantly higher rates.
Gender impacts prices – The statistics show women tend to be less risk to insure than men. The data does not necessarily mean that women are BETTER drivers than men. Both sexes have accidents in similar numbers, but the males get into accidents with more damage. They also have more aggressive citations such as reckless driving.
Add-on coverages push up costs – There are quite a few extra bells and whistles that you can get tricked into buying if you aren’t careful. Add-on coverages like vanishing deductibles, towing, and additional equipment coverage are examples of these. These coverages may sound good when deciding what coverages you need, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
Getting married can save on insurance – Walking down the aisle may save some money when buying insurance. Having a significant other demonstrates that you tend to be more financially stable and it’s proven that married couples file fewer claims.
BMW X1 claim data – Companies use past insurance losses to determine a rate that will be profitable for them. Vehicles that tend to have a trend towards higher claims will have higher premium rates. The next table illustrates the compiled insurance loss statistics for BMW X1 vehicles.
For each policy coverage type, the statistical loss for all vehicles as a whole is considered to be 100. Percentages below 100 indicate better than average losses, while values that are above 100 indicate more frequent claims or an increased chance of a larger loss.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| BMW X1 4dr 2WD | 99 | 86 | 113 | 90 | 95 | 87 |
| BMW X1 4dr 4WD | 103 | 96 | 120 | 73 | 69 | 82 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Local Orlando insurance agents
Many drivers prefer to have an agent’s advice and doing that can be a smart decision Good agents can answer important questions and help you file claims. A nice benefit of price shopping on the web is you may find cheap auto insurance rates and also buy local. And buying from local agencies is still important in Orlando.
For easy comparison, once you complete this quick form, the coverage information is instantly submitted to local insurance agents who will give competitive quotes for your auto insurance coverage. It’s much easier because you don’t need to leave your computer as quotes are delivered immediately to you. If you wish to get a comparison quote from a particular provider, you can always go to their quote page and fill out the quote form the provide.
Finding a good provider requires you to look at more than just a cheap price. Here are some questions you should ask.
- Do they receive special compensation for putting your coverage with one company over another?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they make recommendations based only on price?
- How is replacement cost determined on your vehicle?
- How long has the business existed?
- Will they take your side in the event of a claim?
If you receive positive feedback to your questions and inexpensive BMW X1 insurance in Orlando quotes, chances are good that you have found an provider that meets the requirements to properly service your auto insurance policy. But remember, policyholders can cancel your policy for any reason so don’t assume you’re contractually obligated to a specific company for the full term.
Insurance agents can help
When quoting and choosing coverage online or from an agent for your personal vehicles, there is no one size fits all plan. Every situation is different.
Here are some questions about coverages that could help you determine if you might need an agent’s assistance.
- Should I drop comprehensive coverage on older vehicles?
- Does rental coverage apply when I am renting a car?
- Is a fancy paint job covered?
- How does medical payments coverage work?
- Do I need higher collision deductibles?
- What is PIP insurance?
- Will my BMW X1 be repaired with OEM or aftermarket parts?
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and may give you better protection.
Cheaper insurance rates are out there
There are still a few companies who may not provide online price quotes and many times these regional insurance providers prefer to sell through independent agents. Cheap BMW X1 insurance in Orlando is definitely available both online and from local insurance agents, so you should compare both to have the best chance of lowering rates.
People who switch companies do it for a number of reasons such as delays in responding to claim requests, policy cancellation, lack of trust in their agent or even an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding the right insurance provider is pretty simple and you could end up saving a buck or two.
We’ve covered quite a bit of information on how to lower your BMW X1 insurance rates in Orlando. The key concept to understand is the more price quotes you have, the higher your chance of finding inexpensive Orlando car insurance quotes. Consumers may even find the lowest rates come from a smaller regional carrier.
How to save on BMW X1 insurance in Orlando
The recommended way to find cheaper quotes for BMW X1 insurance in Orlando is to regularly compare price quotes from insurers in Florida. Prices can be compared by following these guidelines.
- Step 1: Try to comprehend how companies set rates and the factors you can control to prevent high rates. Many factors that result in higher rates such as distracted driving and poor credit can be rectified by paying attention to minor details.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while independent agents can provide prices from multiple companies.
- Step 3: Compare the new rates to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Provide written notification to your current company of your decision to cancel your existing policy. Submit a completed policy application and payment to your new carrier. Once the paperwork is finalized, place the new certificate verifying proof of insurance in an accessible location in your vehicle.
A crucial key to this process is that you’ll want to make sure you compare similar limits and deductibles on every quote and and to get rate quotes from all possible companies. Doing this helps ensure an apples-to-apples comparison and a better comparison of the market.
More tips and info about insurance can be read in the articles below:
- Booster Seat Ratings (iihs.org)
- Who Has Cheap Car Insurance for a Honda CR-V in Orlando? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)
- Safety Belts FAQ (iihs.org)