Finding the cheapest insurance for a BMW 535i can normally be an all-consuming task, but you can use our car insurance buying tips to save time.
There is a better way to compare car insurance rates and we’ll show you the proper way to price shop coverage for your BMW and obtain the lowest possible price from local insurance agents and online providers.
It’s smart to compare rates every six months because insurance rates are variable and change quite frequently. Despite the fact that you may have had the lowest price for 535i coverage two years ago you can probably find a better price now. You’ll find quite a bit of inaccurate information about car insurance on the web, but with this article, you’re going to get some excellent ideas to find cheap car insurance.
Buying the cheapest car insurance is easy if you know what you’re doing. Essentially every vehicle owner who is shopping for car insurance will be able to lower their premiums. But drivers must understand how the larger insurance companies compete online and use this information to your advantage.
Automobile Insurance Quotes
Most companies like State Farm, Allstate and GEICO allow you to get pricing on the web. Getting quotes doesn’t take a lot of time as you just enter your personal and coverage information as detailed in the form. When the form is submitted, the company’s rating system orders information on your driving record and credit history and returns a price quote based on many factors.
Online price quotes makes comparing rates easy, but the process of having to visit many different websites and fill out multiple forms is repetitive and time-consuming. But it’s absolutely necessary to compare as many rates as possible in order to find the best price possible.
There is a better way to compare rates
A quicker way to compare car insurance pricing is to use a quote form to return rates from a bunch of companies at once. The form is fast, reduces the work, and makes price shopping online much more enjoyable and efficient. Immediately after you send the form, it gets priced with multiple companies and you can pick your choice of the returned quotes.
If the quotes result in lower rates, you can simply submit the application and buy the new coverage. It takes just a few minutes to complete and you will know how your current rates stack up.
To get comparison pricing now, simply click here to open in new window and submit the form. If you currently have coverage, we recommend you replicate the insurance coverages just like they are on your policy. This way, you will get a rate comparison based on the exact same insurance coverage.
The fine print in car insurance ads
Car insurance providers like State Farm, Allstate and GEICO consistently run ads on television and other media. They all say the same thing about savings if you change to them. How does each company say the same thing? This is how they do it.
Different companies are able to cherry pick for the type of driver that makes them money. For example, a preferred risk might be profiled as a mature driver, has no prior claims, and has excellent credit. A propective insured that hits that “sweet spot” is entitled to the best price and as a result will probably save a lot of money.
Drivers who are not a match for this ideal profile must pay more money which usually ends up with the customer not buying. Company advertisements say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can advertise the savings.
This illustrates why you need to compare as many rates as you can. It’s impossible to know the company that will give you the biggest savings.
These factors can influence BMW 535i insurance rates
Consumers need to have an understanding of some of the elements that help determine the rates you pay for car insurance. When you know what positively or negatively influences your rates helps enable you to make changes that could result in much lower annual insurance costs.
- Being married is a good thing – Having a spouse can actually save you money on car insurance. Marriage usually means you are more mature than a single person and statistics show married couples file fewer claims.
- Traffic violations increase rates – Your driving record has a huge affect on how much you pay. Even a single speeding ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets have lower premiums than people who have multiple driving citations. Drivers who get severe violations such as DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
- Frequent car insurance claims increase rates – If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Companies give lower rates to insureds who file claims infrequently. Your insurance policy is intended for the large, substantial claims.
- Your credit rating is important – A driver’s credit rating is a huge factor in your rate calculation. Drivers with good credit tend to file fewer claims and have better driving records than those with poor credit. If your credit history can use some improvement, you could pay less to insure your BMW 535i by improving your credit score.
- Rural vs Urban Areas – Living in a small town can be a good thing when talking about car insurance. Lower population means fewer accidents and also fewer theft and vandalism claims. Urban drivers have much more traffic to deal with and longer commute times. More time commuting means higher likelihood of an accident.
- Theft deterrents lower rates – Owning a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
Discounts are available to cut your rates
Insuring your vehicles can cost a lot, but there are discounts available that you may not even be aware of. Most are applied when you quote, but some must be inquired about prior to getting the savings.
- Military Rewards – Being deployed with a military unit may qualify for rate reductions.
- Defensive Driver – Successfully completing a defensive driving course can save you 5% or more if you qualify.
- Distant Student – Children who are attending college and do not have access to a covered vehicle can receive lower rates.
- Early Switch Discount – A few companies offer discounts for switching to them before your current expiration date. It’s a savings of about 10%.
- Passive Restraints – Cars that have air bags or automatic seat belts can get savings of 20% or more.
- Discount for Life Insurance – Larger companies have a break if you buy life insurance from them.
- No Accidents – Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
- Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and earn discounts up to 10%.
- Save over 55 – Mature drivers can possibly qualify for a discount up to 10% for 535i coverage.
As a disclaimer on discounts, many deductions do not apply the the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will cut your premiums.
To see a list of insurers offering car insurance discounts, follow this link.
Buy online or local, you save
We just presented a lot of techniques to lower your BMW 535i insurance rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of reducing your rate. You may even find the best prices are with a company that doesn’t do a lot of advertising.
Cost effective BMW 535i insurance is attainable on the web and with local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer the ability to get a quote online and usually these small, regional companies provide coverage only through local independent agents.
Insureds switch companies for a variety of reasons including delays in responding to claim requests, questionable increases in premium, high rates after DUI convictions or delays in paying claims. It doesn’t matter what your reason, finding a great new company is not as difficult as it may seem.
