Best Insurance for a BMW 535i in Chandler

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.

Insurance for BMW 535iA 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.

BMW 535i Insurance Rates in Chandler, AZ
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.

BMW 535i insurance prices with $250 deductibles
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

BMW 535i insurance prices with $500 deductibles
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.Save money with discounts

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.

Chandler insurance agentsTo 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:

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.

1969 W Ray Rd #1Chandler, AZ 85224(480) 892-4100View Map

569 N Arizona AveChandler, AZ 85225(480) 792-1400View Map

2231 E Pecos Rd #2Chandler, AZ 85225(480) 634-5222View Map

2500 N Alma School RdChandler, AZ 85224(480) 855-7000View Map

More insurance agents

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.

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: