How to Compare Los Angeles BMW 535i Insurance

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Insurance for BMW 535iDo you want to learn how to find cheaper BMW 535i insurance in Los Angeles? Locating affordable Los Angeles BMW 535i insurance quotes might seem intimidating for vehicle owners new to quoting and comparing rates over the internet. With a ridiculous number of insurance companies available, how are we expected to have a chance to compare every company in order to find the cheapest rates?

Astonishing but true, almost 70% of drivers kept their policy with the same company for over three years, and virtually 40% of consumers have never shopped around. Los Angeles drivers can save hundreds of dollars each year by just comparing quotes, but they mistakenly think it's difficult to find lower-cost auto insurance rates.

If you have insurance now, you will surely be able to reduce premiums using the ideas covered in this article. This information will let you in on the most effective ways to compare rates and also save some money in the process Nevertheless, California car owners can benefit from knowing how insurance companies sell insurance online and use it to find better rates.

The majority of larger companies such as State Farm, Allstate and GEICO provide insurance quotes directly from their websites. Comparing prices online for BMW 535i insurance in Los Angeles is very simple as you just enter the coverages you want into the form. Once entered, their quoting system requests information on your driving record and credit history and generates a price based on these and other factors.

The ability to get online rates for BMW 535i insurance in Los Angeles simplifies rate comparisons, and it's necessary to compare as many rates as possible if you are searching for lower-cost rates.

To save time and compare rates using this form now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have your current policy handy, we recommend you duplicate the coverages as shown on your current policy. Using the same limits helps guarantee you're receiving a rate comparison for the exact same coverage.

The providers in the list below provide price quotes in California. If several companies are displayed, we recommend you visit two to three different companies in order to get a fair rate comparison.

Coverage statistics and figures

The premium table displayed next showcases different insurance costs for BMW 535i models. Being able to understand how policy premiums are calculated can help customers make smart choices when selecting a coverage provider.

BMW 535i Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $384 $712 $442 $26 $132 $1,696 $141
535I xDrive Station Wagon $384 $712 $442 $26 $132 $1,696 $141
535I GT 4-Dr Sedan $384 $712 $442 $26 $132 $1,696 $141
535I xDrive 4-Dr Sedan $420 $712 $442 $26 $132 $1,732 $144
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Rates do not factor in specific Los Angeles garaging location which can modify rates significantly.

Higher deductibles save money

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The tables below show the differences in premium rates of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

BMW 535i insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $528 $1054 $442 $26 $132 $2,207 $184
535I xDrive Station Wagon $528 $1054 $442 $26 $132 $2,207 $184
535I GT 4-Dr Sedan $528 $1054 $442 $26 $132 $2,207 $184
535I xDrive 4-Dr Sedan $576 $1054 $442 $26 $132 $2,255 $188
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BMW 535i insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $384 $712 $442 $26 $132 $1,696 $141
535I xDrive Station Wagon $384 $712 $442 $26 $132 $1,696 $141
535I GT 4-Dr Sedan $384 $712 $442 $26 $132 $1,696 $141
535I xDrive 4-Dr Sedan $420 $712 $442 $26 $132 $1,732 $144
Get Your Own Customized Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in zip code location which can modify auto insurance rates considerably.

We can derive from the above data that using a $100 deductible costs roughly $43 more each month or $516 annually than opting for the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 9 months between claim filings, you would probably come out ahead going with the higher deductible.

The diagram below demonstrates how deductible levels and can increase or decrease BMW 535i insurance prices for different age groups. Data assumes a married male driver, comp and collision included, and no discounts are factored in.

Impact of citations and accidents on insurance rates

The illustration below highlights how traffic violations and accidents influence BMW 535i insurance rates for different insured age categories. The rates are based on a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Car insurance rates by gender and age

The illustration below illustrates the comparison of BMW 535i car insurance rates for male and female drivers. The costs are based on no claims or driving citations, full physical damage coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.

Why you need quality insurance for your vehicle

Even though it can be expensive, buying insurance serves several important purposes.

  • Almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your vehicle has a loan, almost every bank will force you to have full coverage to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your BMW for a lot more money and force you to reimburse them a much higher amount than you were paying before.
  • Insurance preserves your car and your assets. It will also cover medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of insuring your 535i outweigh the cost, particularly when you have a large claim. But the average American driver is overpaying over $855 a year so you should quote your policy with other companies at every renewal to make sure the price is not too high.

Decisions You Make Can Impact Your Insurance Prices

Many different elements are used when quoting car insurance. Some factors are common sense such as traffic violations, but other factors are less obvious like your vehicle usage or how safe your car is. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that are used to determine your policy premiums. If you have some idea of what influences your rates, this enables informed choices that may result in much lower annual insurance costs.

The list below includes a few of the things used by insurance companies to determine your rates.

  • Lower coverage deductibles cost more - The deductibles you choose define how much you are willing to pay in the event of a claim. Insurance for physical damage, also called comprehensive and collision insurance, insures against damage to your car. Examples of some claims that would be covered could be rear-ending another vehicle, hail damage, and having a roll-over accident. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
  • Teenage vs. experienced drivers - Teen drivers in California have a tendency to be inattentive behind the wheel so insurance rates are higher. Mature drivers have been proven to be more responsible, file fewer claims, and tend to be get fewer driving tickets.

    The next chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Get cheaper premiums after the wedding - Your spouse can get you a discount compared to being single. Having a significant other demonstrates that you tend to be more mature and responsible it has been statistically shown that drivers who are married file infrequent claims.
  • Liability coverage preserves assets - Liability coverage provides coverage if ever a court rules you are at fault for an accident. Your policy's liability insurance provides legal defense which can cost a lot. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
  • Cheaper premiums for prior coverage - Driving your car without having proper coverage is illegal and any future policy may cost more because you let your insurance lapse for non-payment. In addition to paying higher premiums, being ticketed for driving with no insurance may result in a steep fine or even jail time.

Discounts mean cheaper rates for BMW 535i insurance in Los Angeles

Insurance can be prohibitively expensive, but you may be missing some discounts to help bring down the price. Many of these discounts will be applied automatically at the time of purchase, but a few must be inquired about in order for you to get them.Cheaper car insurance with discounts

  • Discounts for Responsible Drivers - Insureds who avoid accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
  • Bundle and Save - When you combine your auto and homeowners insurance and place coverage with the same company you could get a discount of over 10 percent off each policy depending on the company.
  • Paperless Signup - Certain car insurance companies may give you up to $50 just for signing your application over the internet.
  • Early Signing - Select car insurance companies give a discount for buying a new policy before your current expiration date. You may see this discount when you get Los Angeles auto insurance quotes online.
  • Accident Forgiveness - Not really a discount, but some insurance companies allow you one accident without getting socked with a rate hike as long as you don't have any claims prior to the accident.
  • Multi-Vehicle Discounts - Drivers who insure more than one vehicle with the same car insurance company may reduce the rate for each vehicle.

Don't be surprised that most discount credits are not given to the entire cost. Most only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, you won't be that lucky.

The illustration below shows the comparison of BMW 535i auto insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents, no driving violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, safe-driver, and marriage discounts applied.

A few of the larger companies and their possible discounts can be found below.

  • GEICO offers premium reductions for military active duty, daytime running lights, anti-lock brakes, anti-theft, defensive driver, multi-vehicle, and federal employee.
  • Travelers offers discounts including payment discounts, save driver, driver training, early quote, and student away at school.
  • Farm Bureau may have discounts that include multi-vehicle, 55 and retired, safe driver, renewal discount, multi-policy, and youthful driver.
  • Liberty Mutual has discounts for multi-car, preferred payment discount, exclusive group savings, new vehicle discount, and new graduate.
  • American Family offers discounts for defensive driver, multi-vehicle, good student, bundled insurance, good driver, TimeAway discount, and early bird.
  • Progressive policyholders can earn discounts including good student, multi-vehicle, online signing, continuous coverage, and multi-policy.

It's a good idea to ask every insurance company to apply every possible discount. Some credits may not apply to policies everywhere. If you would like to choose from a list of providers that offer some of these discounts in California, click this link.

Car insurance is available from local agents

Many drivers would rather talk to a local agent and that is just fine! One of the best bonuses of comparing insurance prices online is you may find lower prices and also buy local.

Insurance agents in Los AngelesAfter filling out this simple form, your insurance data gets sent to local insurance agents in Los Angeles that provide free Los Angeles auto insurance quotes for your car insurance coverage. There is no reason to leave your house since price quotes are sent immediately to your email address. You can find lower rates without the usual hassles of price shopping. If for some reason you want to compare rates from a specific insurance company, you can always jump over to their website to submit a rate quote request.

Deciding on an company shouldn't rely on just a cheap price quote. You should also get answers to these questions.

  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • If you have an accident, will your rates go up?
  • Do they reduce claim amounts on high mileage vehicles?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Are they full-time agents?
  • Which insurance companies are they affiliated with?
  • How are they compensated?

Car insurance agents in Los Angeles come in two varieties

If you want to use a reliable insurance agency, you should know the types of agencies and how they can quote your rates. Car insurance agents in Los Angeles are either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agencies

Exclusive agents write business for a single company and some examples include Farmers Insurance and State Farm. Exclusive agents are unable to provide prices from multiple companies so keep that in mind. Exclusive agents receive a lot of sales training on their company's products which helps offset the inability to provide other markets. A lot of people use the same exclusive agent primarily because of the prominence of the brand and the convenience of having all coverages with one company.

Listed below are Los Angeles exclusive insurance agents who can help you get price quote information.

More insurance agents

Independent Agencies or Brokers

Agents that elect to be independent are not locked into one company so as a result can place your coverage through many different car insurance companies and find the cheapest rate. If they find a cheaper price, an independent agent can move your coverage which makes it simple for you. When comparing rate quotes, you will definitely want to get some free quotes from multiple independent agents for the best price selection. Most also have access to small mutual carriers which may provide better rates.

Listed below is a list of independent agents in Los Angeles that can give you price quote information.

More insurance agents

In the end, you can save money

Affordable BMW 535i insurance in Los Angeles is attainable both online and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies do not offer price quotes online and these regional carriers only sell through local independent agencies.

As you shop your coverage around, do not reduce coverage to reduce premium. There have been many cases where drivers have reduced uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy enough coverage at a price you can afford.

Consumers change insurance companies for many reasons like high prices, lack of trust in their agent, policy cancellation and poor customer service. Whatever your reason, choosing a new company can be less work than you think.

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