Auto Insurance Quotes for a BMW 535i in Bakersfield

Insurance rates BMW 535i in BakersfieldThe best way to find more affordable BMW 535i insurance in Bakersfield is to start comparing rates regularly from companies in California. You can compare rates by following these guidelines.

One thing to point out is to try to compare the same physical damage deductibles and liability limits on every price quote and and to analyze as many carriers as you can. Doing this ensures an apples-to-apples comparison and a complete price analysis.

A recent car insurance study discovered that nearly 70% of customers have bought car insurance from the same company for more than four years, and 38% of drivers have never quoted car insurance rates at all. U.S. consumers could cut their rates by as much as 46.5% a year just by comparing rates, but they assume it’s a waste of time to do a rate comparison.

Informed Consumers Save More

It’s important that you understand some of the things that play a part in calculating your premiums. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that can earn you much lower annual insurance costs. Lots of things are part of the equation when you get a price on insurance. Some factors are common sense like an MVR report, but other factors are not quite as obvious such as your marital status or your vehicle rating.

Listed below are some of the factors auto insurance companies consider when setting your rate level.

Lowering your auto insurance rates is a fairly straight forward process. The only thing you need to do is take the time to get quotes to find out which insurance company has inexpensive Bakersfield car insurance quotes.

The companies in the list below provide free quotes in California. If the list has multiple companies, we recommend you visit as many as you can to get the best price comparison.

Data for BMW 535i insurance

The rate table displayed below outlines a range of coverage costs for BMW 535i models. Having a good grasp of how rates are figured can be valuable when making smart choices when comparing insurance quotes.

BMW 535i Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $228 $472 $424 $26 $126 $1,276 $106
535I xDrive Station Wagon $228 $472 $424 $26 $126 $1,276 $106
535I GT 4-Dr Sedan $228 $472 $424 $26 $126 $1,276 $106
535I xDrive 4-Dr Sedan $250 $472 $424 $26 $126 $1,298 $108
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate quotes do not factor in vehicle garaging location which can modify auto insurance rates significantly.

Where to set your deductibles

One frequently asked question is how high or low should comp and collision deductibles be. The comparison tables below sum up the rate fluctuation of buying low and high deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second data table 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
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in specific location which can decrease or increase coverage rates substantially.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs approximately $43 more each month or $516 for a full year averaged for all 535i models than requesting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 9 months between claims, you would save more money if you decide on a higher deductible.

The chart below highlights how deductible choice and can increase or decrease BMW 535i insurance premiums for each age group. The information is based on a married female driver, full coverage, and no discounts are factored in.

Car insurance rates are higher with tickets and accidents

The diagram below demonstrates how traffic citations and fender-benders can raise BMW 535i insurance rates for each different age group. The premiums are based on a single male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

Cost difference between full coverage and liability

The information below illustrates the difference between BMW 535i insurance costs with and without full coverage. The data is based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying full coverage

There is no clear-cut rule to stop paying for physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s pretend your BMW 535i replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after you pay the deductible. If you are paying in excess of $700 annually to have full coverage, then you may need to consider dropping full coverage.

There are a few situations where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.

Auto insurance protects more than just your car

Despite the fact that auto insurance is not cheap in Bakersfield, buying auto insurance may be mandatory for several reasons.

First, most states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability protection if you drive a 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.

Second, if your 535i has a lienholder, almost every bank will require you to carry insurance to ensure they get paid if you total the vehicle. If the policy lapses, the bank or lender will purchase a policy for your BMW at a much higher rate and require you to fork over for the expensive policy.

Third, auto insurance protects your BMW 535i and your assets. It will also cover many types of medical costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you cause an accident and are sued. If your car is damaged in a storm or accident, your auto insurance policy will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance greatly outweigh the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying over $865 each year so it’s important to compare rates at every policy renewal to ensure rates are inline.

BMW 535i insurance discounts in Bakersfield

Insurance can be pricey, but companies offer discounts that you may not even know about. Certain reductions will be credited at the time you complete a quote, but some may not be applied and must be asked about in order for you to get them.Save money with discounts

Consumers should know that most discounts do not apply to all coverage premiums. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, companies wouldn’t make money that way.

The information below compares BMW 535i car insurance costs with and without policy discounts. The rates are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, multi-policy, marriage, and safe-driver discounts applied.

Popular insurance companies and a partial list of their discounts are shown below.

Check with all the companies how you can save money. Some of the discounts discussed earlier may not apply to policyholders in your state. To choose insurance companies with significant discounts in California, click here.

Buying from insurance agencies

Some people just want to talk to an insurance agent and that can be a smart move Most agents are trained risk managers and help in the event of a claim. One of the benefits of comparing insurance prices online is you can get the best rates and still buy from a local agent. And providing support for neighborhood agents is important especially in Bakersfield.

Insurance agents in BakersfieldAfter filling out this short form, your information is transmitted to companies in Bakersfield who will return price quotes and help you find cheaper coverage. There is no reason to find an agent since price quotes are sent immediately to you. If you want to compare prices from a specific auto insurance provider, you would need to go to their quote page and give them your coverage information.

When finding a reliable insurance agent, it’s helpful to know the types of agencies and how they differ in how they can insure your vehicles. Auto insurance agents in Bakersfield are categorized either independent or exclusive depending on the company they work for. Both can sell auto insurance policies, but it’s worth learning the differences because it may have an impact on which type of agent you select.

Independent Auto Insurance Agents (or Brokers)

These agents are appointed with more than one company so they can quote policies through many companies and find you cheaper rates. If they find a cheaper price, they simply move your policy to a different company and you won’t have to switch agencies. If you are comparing rate quotes, you should always get rate quotes from a few independent agents to have the best price comparison. Most can insure with smaller companies who may have lower rates.

Listed below is a partial list of independent insurance agencies in Bakersfield who may provide free auto insurance rate quotes.

More insurance agents

Exclusive Agents

Agents in the exclusive channel can usually just insure with one company and examples are Allstate and State Farm. They generally cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are usually quite knowledgeable on their company’s products and that allows them to sell at a higher price point. Consumers often buy insurance from these agents partially due to the prominence of the brand and the convenience of having all coverages with one company.

Shown below is a list of exclusive insurance agents in Bakersfield willing to provide price quotes.

More insurance agents

Finding a good insurance agency should include more criteria than just the quoted price. These are valid questions to ask:

Your insurance coverage should be tailored to you

Keep in mind that when it comes to choosing insurance from an agent or online for your personal vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s and your insurance should be unique as well.Safe vehicles cost less to insure
For example, these questions can help discover if you would benefit from an agent’s advice.

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Be persistent and save

There are still a few companies who do not offer online price quotes and most of the time these smaller companies only sell coverage through independent agents. Budget-friendly insurance in Bakersfield is attainable both online as well as from independent agents in Bakersfield, so you should be comparing quotes from both in order to have the best price selection to choose from.

We just showed you a lot of techniques to compare BMW 535i insurance prices in Bakersfield. It’s most important to understand that the more you quote Bakersfield car insurance, the better your comparison will be. Consumers could even find that the lowest prices come from a lesser-known regional company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like GEICO and State Farm.

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