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BMW X1 is a compact crossover that offers a perfect amalgamation of luxurious features and a smooth driving experience. With an athletic appeal outside and a feature-rich cabin, this car has become a popular choice among buyers in India. When buying a BMW X1, it is important to purchase car insurance, so that you can get financial coverage against various potential damages, loss or theft. In this guide, you will find about the BMW X1 insurance cost and the benefits of purchasing insurance online.
Here are the reasons why you should purchase BMW X1 insurance online.
Unlike the offline method, the digital platform allows you 24x7 access to all information and procedures associated with BMW X1 car insurance. It takes away the requirement for calling the insurance company or booking appointments when you want to buy/renew a policy or just want to register a claim.
If you want to compare BMW X1 insurance price, features, benefits or services, the online platform proves to be easier than the offline approach. You can use your smartphone to browse insurance policies from anywhere. This easy comparison of policies offers the ability to make an informed decision.
All insurance procedures, such as buying or renewing a policy or raising a claim, become faster due to the online platform. The digital method removes the need for lengthy documentation and saves from frequent visits to the traditional insurance office.
Here are the two major types of car insurance policies for BMW X1.
To legally drive any motor vehicle on Indian roads, the vehicle owner needs to insure the vehicle with a Third-party Insurance Policy. This type of policy is mandatory as per The Motor Vehicles Act, 1988 and offers financial coverage in case the vehicle causes an injury, death or property damage to a third party. However, you don’t get coverage against loss, theft, or damages to your insured BMW X1 with this type of policy.
To get wide-ranging coverage for your BMW X1, you can choose a Comprehensive Insurance Policy. This insurance type combines the features of a Third-party Insurance Policy with Own Damage cover (OD). Thus, you obtain financial protection for your BMW X1 in case of accidents, calamities (natural/man-made), fire/explosion, theft, etc. Interestingly, it also allows you the ability to extend your insurance with multiple service-specific add-ons.
The coverage range for BMW X1 with a Comprehensive Insurance Policy includes the following circumstances.
Injury to a third party
Damages to property of a third party
Death of a third party
Damages to the insured BMW X1 due to an accident
Damages to the insured BMW X1 due to man-made or natural disasters
Damages to the insured BMW X1 due to explosion or fire
Theft of the insured BMW X1
Coverage based on the included car insurance add-ons
Note: Along with your regular insurance plan, buying a Personal Accident (PA) cover is a must. A PA cover has been made mandatory by law to make sure that the car owner is covered against temporary or permanent injuries and death as a result of a vehicle accident.
In the following situations, a Comprehensive Insurance Policy will not provide financial coverage.
Driving the BMW X1 under the influence of any intoxicating substance
Driving the BMW X1 in illegal racing events
Driving the BMW X1 without valid vehicle documents
Avoiding traffic rules while driving the BMW X1
Damages to the BMW X1 caused by electrical or mechanical failures
Damages to the BMW X1 caused outside the geographical boundaries specified in the policy
Damages to the BMW X1 caused by regular wear and tear
Claims submitted for an inactive policy
Add-ons are extensions for Comprehensive Insurance you can purchase to customise your policy. Each add-on provides coverage against a specific liability and offers services or benefits that a primary plan does not cover. Here are the add-ons you can choose with X1 insurance.
Key Replacement Cover
Engine Protection Cover
Outstation Emergency Cover
Personal Accident Cover for Passengers
No Claim Bonus Protection Cover
The following reasons make ACKO the right choice for your BMW car insurance.
ACKO embraces a direct-to-customer model, removing the need for middlemen. This approach allows the operating costs to stay low, resulting in the ability to provide significantly low-cost policies.
There is no physical paperwork required to purchase or renew a policy at ACKO. The 100% digital infrastructure involves easy steps to buy/renew a policy by simply providing the vehicle’s information and previous policy details (if required).
From registering a claim to its settlement, ACKO ensures a swift process. Our support team offers guidance throughout the process and settles minor claims within a few hours in most cases.
You need to follow the below simple steps to raise a claim against your car insurance policy at ACKO.
Step 1: Log in to your account via the official ACKO website or mobile application.
Step 2: Select ‘Claim’ under your BMW X1 policy card.
Step 3: Provide answers to the damage-related questions, upload pictures of the damaged areas of the vehicle, and register your claim.
The support team from the claim settlement department will connect with you and guide you through the process. If the claim is minor, the settlement amount may reach your bank account in a few hours. However, claims associated with significant damages can take around three working days or more.
The BMW X1 insurance cost in India may differ from one insurer to another. Moreover, the BMW X1 insurance cost depends on a variety of factors such as the policy type, add-ons, etc. You can visit the online platform to get the exact insurance quote for your BMW X1.
With ACKO’s 100% digital approach, you can easily renew your BMW X1 insurance online. The official portal and mobile app allow access to purchase policies and add-ons. You can choose an insurance plan, enter your BMW X1 details, and provide the details of your previous policy to get a car insurance quote. Then, with a click, you will be able to renew the policy instantly.
With ACKO, you don’t need any physical document to renew BMW X1 insurance. The whole process can take place online with the vehicle and previous policy details. That way, you get a paperless experience when renewing your vehicle insurance with ACKO.
As mandated by law, every vehicle owner needs at least Third-party Insurance to drive on Indian roads. This law applies to all motor vehicles, brand new as well as second-hand. Moreover, additional coverage of Comprehensive Insurance can help you protect your second-hand BMW X1 against damages or loss in various circumstances. Thus, purchasing an insurance policy for a second-hand BMW X1 becomes important.
You can customise the insurance cost of BMW X1 by purchasing add-ons with a Comprehensive Insurance Policy. Some of the popular add-ons for BMW X1 insurance are Key Protection Cover, Zero Depreciation Car Insurance Cover, and Engine Protection Cover.