I really doubt anyone looks forward to paying for car insurance, especially when they could find lower prices if they just compared rates.
Unthinkable but true, a large majority of consumers have bought car insurance from the same company for at least four years, and approximately 38% of consumers have never even shopped around for affordable coverage. Many consumers in the U.S. could save themselves as much as $850 a year just by shopping around, but they don't invest the time required to compare rate quotes online. Online insurance companies like Allstate, Liberty Mutual and State Farm continually hit you with advertising and it is difficult to ignore the flashy ads and find the best price available.
If you have a current insurance policy or just want cheaper rates, use these money-saving tips to find better prices while maintaining coverages. Finding the cheapest insurance coverage in Los Angeles is not rocket science. You only need to know the tricks to compare different rates from many companies at once.
Cheapest BMW insurance prices in Los Angeles
The providers in the list below can provide quotes in Los Angeles, CA. If the list has multiple companies, we suggest you visit as many as you can to get the cheapest price.
Lower rate quotes on BMW X1 insurance in Los Angeles with these discounts
Insuring your vehicles can cost a lot, but you might already qualify for some discounts that you may not even be aware of. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be manually applied prior to getting the savings.
- College Student - Older children who attend college more than 100 miles from Los Angeles without a vehicle on campus could qualify for this discount.
- New Vehicle Savings - Buying a new car model can be considerably cheaper since new model year vehicles have better safety ratings.
- Sign Online - Many companies provide a small discount for buying your policy on the web.
- Anti-theft Discount - Anti-theft and alarm system equipped vehicles are less likely to be stolen and qualify for as much as a 10% discount.
- Service Members Pay Less - Being on active deployment in the military could trigger a small discount.
- Own a Home - Just owning your own home can help you save on insurance since owning and maintaining a home shows financial diligence.
A quick disclaimer, most discounts do not apply to the whole policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, you won't be that lucky. But any discount should definitely cut your policy cost.
A few companies who might offer some of the discounts shown above may include but are not limited to:
When getting a coverage quote, ask each company or agent to apply every possible discount. Some discounts may not apply in your state. If you would like to view insurance companies who offer cheap BMW X1 insurance quotes in Los Angeles, follow this link.
Eight Tips to Get More Affordable Los Angeles Insurance Premiums
Many things are used in the calculation when premium rates are determined. Some are pretty understandable like an MVR report, but some are less obvious such as whether you are married or your financial responsibility.
More people means more accidents - Living in smaller towns and rural areas of the country can be a good thing when buying insurance. Less people means reduced accidents and also fewer theft and vandalism claims. Drivers who live in large California cities tend to have more traffic problems and a longer drive to work. More time behind the wheel means more chance of being in an accident.
Does your vocation cost you more? - Occupations such as fire fighters, architects, and financial analysts generally pay higher rates than average in part from job stress and lengthy work days. Other jobs like farmers, athletes and the unemployed pay the least.
Rental and towing coverage may not be needed - Insurance companies have many optional add-on coverages that sound like a good idea at the time on your insurance policy. Insurance for roadside assistance, accidental death, and term life insurance could be just wasting money. They may seem like a good idea at first, but if you have no use for them think about removing them and cutting costs.
Know your credit score - Having a bad credit score can be a huge factor in calculating your premium rate. So if your credit score can be improved, you could save money insuring your BMW X1 if you improve your credit rating. People with very high credit ratings tend to be more responsible and file fewer claims than drivers who have lower credit scores.
Driver age impacts rates - Older insureds are viewed as being more responsible, statistically cause fewer accidents, and are safer drivers. Drivers with little experience are statistically proven to be less responsible with other occupants in the car and because of this, their insurance rates are much higher.
Avoid traffic tickets - Drivers with clean records pay less for auto insurance than people who have multiple driving citations. Having a single speeding ticket may increase your cost by as much as twenty percent. Drivers with dangerous violations such as hit and run, DWI or reckless driving convictions may face state-mandated requirements to maintain a SR-22 to the state department of motor vehicles in order to keep their license.
Cars with good safety ratings cost less to insure - Cars with five star safety ratings get lower rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries means less claims paid and more competitive rates for policyholders.
Alarms and GPS tracking lower prices - Purchasing a vehicle with a theft deterrent system can help bring down rates. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
BMW X1 insurance loss data - Insurers analyze past claim statistics when they file their rates in each state. Models that the data determines to have higher prevalence or dollar amount of losses will have higher premium rates.
The table below demonstrates the insurance loss data for BMW X1 vehicles. For each policy coverage type, the claim amount for all vehicles as a whole is set at 100. Values that are 100 or less are indicative of better than average losses, while values over 100 indicate more frequent losses or an increased chance of larger losses than average.
|Specific BMW 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: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to get professional advice
When selecting the best car insurance coverage for your personal vehicles, there is no best way to insure your cars. Your situation is unique so this has to be addressed. Here are some questions about coverages that might point out if your insurance needs might need professional guidance.
- Should I buy more coverage than the required California minimum liability coverage?
- Is my custom paint covered by insurance?
- What is the rate difference between pleasure use and commuting?
- If my BMW X1 is totaled, can I afford another vehicle?
- How can I force my company to pay a claim?
- Do I need roadside assistance coverage?
- Do I have coverage for damage caused while driving under the influence?
- What are good deductibles for a BMW X1?
- Does my insurance cover my expensive audio equipment?
If you can't answer these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.
Auto insurance agents near you
Many drivers still like to get professional advice from a licensed agent and we recommend doing that Professional agents can help determine the best coverages and help you file claims. An additional benefit of comparing rate quotes online is the fact that you can find lower rates and still have a local agent. And buying from small agencies is important especially in Los Angeles.
For easy comparison, once you complete this short form, your coverage information is submitted to local insurance agents in Los Angeles that give free quotes and help you find cheaper coverage. It's much easier because you don't need to visit any agencies because prices are sent to you. In the event you want to get a comparison quote for a specific company, you would need to visit that company's website and complete a quote there.
Picking an insurance company requires you to look at more than just the quoted price. Before buying a policy in Los Angeles, get answers to these questions.
- Did they already check your driving record and credit reports?
- Does the agent help file claims?
- Do they feel the quoted coverages are adequate?
- Where are claims handled?
- Is the agency active in community causes in Los Angeles?
- Do they write coverage based solely on cost?
- Is the agent properly licensed in California?
- What insurance companies do they work with in Los Angeles?
If you get good responses to any questions you may have and an acceptable price quote, most likely you have located an insurer that is professional and can service your policy. Just be aware that it's your policy and you can cancel coverage whenever you choose to so don't assume that you're stuck with a policy for the full policy term.
Cheaper car insurance is a realistic goal
When searching for affordable Los Angeles car insurance quotes, you should never buy less coverage just to save a little money. In many cases, drivers have reduced liability limits or collision coverage only to regret at claim time that it was a big mistake. The aim is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.
Some insurance companies don't offer online quoting and usually these smaller companies prefer to sell through local independent agencies. Cost effective BMW X1 insurance can be found both online and with local Los Angeles insurance agents, and you should compare price quotes from both so you have a total pricing picture.
Additional information can be read at these links:
- Steps to Take After an Auto Accident (Insurance Information Institute)
- What Car Insurance is Cheapest for Welfare Recipients in Los Angeles? (FAQ)
- Who Has the Cheapest Car Insurance for High School Students in Los Angeles? (FAQ)
- Who Has Affordable Los Angeles Auto Insurance for Electric Cars? (FAQ)
- What Auto Insurance is Cheapest for Safe Drivers in Los Angeles? (FAQ)
- Who Has Affordable Los Angeles Car Insurance Quotes for Active Military? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Tread Depth and Tire Safety (State Farm)