Do you want to learn to get more competitive BMW 535i insurance in Chandler? Tired of scraping nickels together to pay car insurance each month? You’re in the same situation as most other drivers in Arizona.
A recent car insurance study revealed that most consumers in Arizona kept their policy with the same company for at least four years, and just under half have never compared quotes from other companies. With the average premium in America being $1,847, drivers could save 46.5% each year just by comparing rates, but they just don’t understand how much they could save if they moved their coverage to a different company. There is such a variety of insurance companies to buy insurance from, and although it’s nice to have multiple companies, it can be more difficult to compare rates and find the lowest cost car insurance.
It’s a great practice to get comparison quotes occasionally because car insurance prices change quite often. Even if you got the best price on BMW 535i insurance in Chandler two years ago you may be paying too much now. Ignore everything you know about car insurance because we’re going to demonstrate how to use the internet to eliminate unnecessary coverages and save money on BMW 535i insurance in Chandler.
Best companies for BMW 535i insurance
The following companies offer free rate quotes in Arizona. If your goal is to find the best auto insurance in Chandler, we suggest you visit two to three different companies to get the lowest price.
BMW 535i insurance analysis
The price information below highlights estimates of coverage prices for BMW 535i models. Knowing how insurance rates are calculated can help customers make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $312 | $588 | $306 | $18 | $92 | $1,316 | $110 |
| 535I xDrive Station Wagon | $312 | $588 | $306 | $18 | $92 | $1,316 | $110 |
| 535I GT 4-Dr Sedan | $312 | $588 | $306 | $18 | $92 | $1,316 | $110 |
| 535I xDrive 4-Dr Sedan | $340 | $588 | $306 | $18 | $92 | $1,344 | $112 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in specific location information which can lower or raise coverage prices greatly.
Where to set your deductibles
One common question asked by Chandler drivers is how low should you set your deductibles. The premium rates below may help you to understand the differences in premium rates between high and low insurance deductibles. The first price estimate table uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $322 | $600 | $300 | $18 | $90 | $1,355 | $113 |
| 535I xDrive Station Wagon | $322 | $600 | $300 | $18 | $90 | $1,355 | $113 |
| 535I GT 4-Dr Sedan | $322 | $600 | $300 | $18 | $90 | $1,355 | $113 |
| 535I xDrive 4-Dr Sedan | $350 | $600 | $300 | $18 | $90 | $1,383 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I xDrive Station Wagon | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I GT 4-Dr Sedan | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I xDrive 4-Dr Sedan | $286 | $484 | $300 | $18 | $90 | $1,178 | $98 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Table data does not factor in specific Chandler garaging location which can change premiums substantially.
We can derive from the above data that using a $250 deductible will cost you approximately $17 more each month or $204 each year across all BMW 535i models than requesting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 15 months between claim filings, you would save money by going with a higher deductible. Below is a better example of how you can perform this determination yourself.
| Average monthly premium for $250 deductibles: | $114 |
| Average monthly premium for $500 deductibles (subtract): | – $97 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
One important note is that a higher deductible results in more money out-of-pocket when you have a physical damage claim. That will force you to have some funds available in the event you need to pay the higher deductible in order to repair your vehicle.
Cautious drivers save money
The chart below highlights how traffic violations and at-fault claims impact BMW 535i yearly insurance costs for different age groups. The premium estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
Males versus Females
The example below compares BMW 535i annual premium costs for male and female drivers. The premium estimates are based on no claims or violations, full physical damage coverage, $500 deductibles, single marital status, and no other discounts are factored in.
Should you buy full coverage?
The information below visualizes the comparison of BMW 535i annual premium costs with full coverage compared to only the Arizona minimum liability coverage. The rate quotes are based on no claims or violations, $250 deductibles, drivers are not married, and no policy discounts are applied.
When to drop full coverage
There is no clear-cut formula of when to phase out comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s say your BMW 535i replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after you pay the deductible. If you are paying over $800 a year for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where removing full coverage is not a good idea. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Get BMW 535i Insurance Cheaper
Many different elements are used when premium rates are determined. Some are obvious like a motor vehicle report, although others are more obscure such as whether you are married or how safe your car is.
Impacts performance impacts auto insurance costs – The performance of the vehicle you are insuring makes a big difference in your auto insurance rates. The lowest performance passenger cars usually have the lowest premiums, but there are many factors that impact the final cost.
The following data uses these assumptions: single female driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares BMW 535i insurance premiums compared to other models that have a range of performance risks.
Get better rates if married – Having a wife or husband may cut your premiums on your car insurance bill. It generally demonstrates drivers are more financially stable and statistics prove married couples file fewer claims.
Safer cars mean better car insurance rates – Cars with high safety ratings tend to have better insurance rates. Safer cars reduce the chance of injuries and any reduction in injury severity translates directly to fewer claims and more competitive rates for policyholders.
Never have car insurance policy lapses – Having a gap between insurance policy dates is a quick way to increase your car insurance rates. Not only will rates go up, not being able to provide proof of insurance could earn you a fine, jail time, or a revoked license. You may then have to submit proof of financial responsibility or a SR-22 with the Arizona department of motor vehicles.
Physical damage deductibles – Your deductibles tell how much you are willing to pay in the event of a claim. Protection for physical damage, aka comp and collision, is used to repair damage to your car. Examples of covered claims are rear-ending another vehicle, damage from fire, and damage caused by road hazards. The higher the amount the insured is willing to pay, the bigger discount you will receive.
Companies offer many discounts on BMW 535i insurance in Chandler
Insurance is not cheap nor is it fun to buy but there could be available discounts that you may not even know about. Some discounts will apply at quote time, but some discounts are required to be inquired about in order for you to get them.
- Military Rewards – Having a deployed family member can result in better premium rates.
- Senior Citizen Discount – If you’re over the age of 55, you may receive a small discount on rates.
- Pay Early and Save – If you pay your entire premium ahead of time instead of making monthly payments you may have a lower total premium amount.
- Claim Free – Good drivers with no accidents can save substantially in comparison with drivers with a long claim history.
- Multi-Vehicle Discounts – Insuring primary and secondary vehicles on the same insurance policy can get a discount for every vehicle.
- Switch and Save Discount – A few larger companies offer discounts for switching companies before your current expiration date. Ten percent is about the average savings.
- Membership in Organizations – Being a member of qualifying employment or professional organizations can get you a small discount when getting a Chandler car insurance quote.
- Multi-policy Discount – If you have multiple policies with one company you will save at least 10 to 15 percent or more.
- Discount for Life Insurance – Insurance carriers who offer life insurance give a break if you buy life insurance from them.
One last thing about discounts, some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way.
The chart below illustrates the comparison of BMW 535i auto insurance costs with and without discounts applied. The data assumes a male driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, marriage, and multi-car discounts applied.
Some of the insurance companies that possibly offer these discounts include:
Check with every company which discounts you may be entitled to. Some discounts may not be available in your state.
Car insurance is available from your local insurance agencies
A small number of people just prefer to sit down and talk to an agent and that can be a great decision Insurance agents can help determine the best coverages and help submit paperwork. A good thing about comparing rates online is that you can obtain the best rates but still work with a licensed agent.
To help locate an agent, after submitting this simple form, your insurance coverage information is emailed to participating agents in Chandler that can give you free Chandler car insurance quotes for your car insurance coverage. You won’t need to visit any agencies since price quotes are sent straight to your inbox. In the event you want to get a price quote for a specific company, you can always go to their quote page and fill out their quote form.
Choosing a insurance company needs to be determined by more than just a cheap quote. Any agent in Chandler should be forthright in answering these questions:
- How would your car be valued if totaled?
- What is the agency’s Better Business Bureau rating?
- If you are a high risk driver, do they have special markets for your coverage?
- Which members of your family are coverage by the policy?
- How long have they been in business?
The following is a short list of auto insurance companies in Chandler that may be willing to give price quote information for BMW 535i insurance in Chandler.
Lori Daniels – State Farm Insurance Agent
1969 W Ray Rd #1 – Chandler, AZ 85224 – (480) 892-4100 – View Map
Paula Koroso – State Farm Insurance Agent
569 N Arizona Ave – Chandler, AZ 85225 – (480) 792-1400 – View Map
Allied Insurance Group
2231 E Pecos Rd #2 – Chandler, AZ 85225 – (480) 634-5222 – View Map
1st Choice Insurance
2500 N Alma School Rd – Chandler, AZ 85224 – (480) 855-7000 – View Map
After receiving good answers to all your questions and an acceptable price quote, you’ve probably found a company that meets the requirements to provide car insurance coverage. It’s important to know that it’s your policy and you can cancel your policy for any reason so don’t assume that you are obligated to the car insurance policy for a certain time period.
What is YOUR best insurance company?
We covered quite a bit of information on how to compare BMW 535i insurance prices in Chandler. The most important thing to understand is the more quotes you get, the better likelihood of getting cheaper Chandler car insurance quotes. Drivers may even discover the best prices are with a small local company. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.
There are still a few companies who may not offer the ability to get a quote online and many times these smaller companies sell through independent agents. Lower-priced auto insurance in Chandler can be found from both online companies and also from your neighborhood Chandler agents, and you should compare price quotes from both so you have a total pricing picture.
How to save money on BMW 535i insurance in Chandler
The most effective way to quote cheaper BMW 535i insurance in Chandler is to do an annual price comparison from companies in Arizona. Rates can be compared by following these guidelines.
- Step 1: Spend a few minutes and learn about how companies price auto insurance and the changes you can make to keep rates in check. Many policy risk factors that cause rate increases such as careless driving and an unacceptable credit score can be eliminated by making lifestyle changes or driving safer.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for many different companies.
- Step 3: Compare the price quotes to your existing rates to see if cheaper 535i coverage is available. If you find a better price and change companies, 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 to cancel the current policy and submit a down payment along with a signed application for your new policy. Immediately place the new certificate of insurance in your vehicle.
An important part of this process is that you’ll want to make sure you compare the same amount of coverage on every price quote and and to get price estimates from as many different companies as possible. This enables the most accurate price comparison and maximum price selection.
Additional information is located at these links:
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for Young Drivers in Chandler? (FAQ)
- Who Has Affordable Auto Insurance Rates for State Employees in Chandler? (FAQ)
- What Auto Insurance is Cheapest for a Toyota Corolla in Chandler? (FAQ)
- Who Has Cheap Chandler Car Insurance for a Learners Permit? (FAQ)
- How Much are Chandler Car Insurance Quotes for a Toyota Highlander? (FAQ)
- How Much is Car Insurance for a Toyota Tacoma in Chandler? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Vehicle Safety Ratings (iihs.org)
- Car Insurance FAQ (Trusted Choice)