Would you like to stop overpaying and find low-cost BMW 535i insurance in Irvine? Are you at wits end from scraping nickels together each month for auto insurance? You are in the same boat as many other drivers in California.
Remarkably, a study showed that a large majority of consumers have been with the same company for more than four years, and just under half have never shopped around. Many consumers in California could save about 35% each year by just shopping around, but they underestimate the amount of savings they would get if they switched to a cheaper policy.
How to find cheaper rates for BMW 535i insurance in Irvine
To save the most money, the best way to get cheaper car insurance rates is to compare prices regularly from insurers who provide auto insurance in Irvine. Prices can be compared by completing these steps.
First, try to understand the coverage provided by your policy and the things you can control to keep rates down. Many rating criteria that cause high rates like inattentive driving and a not-so-good credit history can be remedied by making minor driving habit or lifestyle changes. Read the full article for the details to help prevent costly coverage and find discounts that you may qualify for.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like GEICO or State Farm, while agents who are independent can quote prices from multiple insurance companies.
Third, compare the new quotes to your existing rates and see if there is a cheaper rate. If you find a better price and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
The critical component of shopping around is to try to compare identical deductibles and limits on every quote request and to quote with as many different companies as possible. Doing this guarantees a fair price comparison and a complete selection of prices.
There are many insurers to buy insurance from, and though it is a good thing to have multiple companies, it can be more difficult to compare rates and find the lowest cost auto insurance.
Consumers should take time to shop coverage around every six months because auto insurance prices change regularly. Just because you had the best price on BMW 535i insurance in Irvine six months ago you may be paying too much now. Block out anything you think you know about auto insurance because you’re about to learn one of the quickest ways to find better rates and still maintain coverage.
Choosing the most cost-effective car insurance policy in Irvine is actually quite easy if you know where to start. If you are already insured, you stand a good chance to be able to lower your rates using the ideas covered in this article. Shoppers just have to know the most time-saving way to compare rates online.
How much is BMW 535i insurance in Irvine, CA?
Finding cheap Irvine auto insurance prices is a great way to save money. The only requirement is to take the time comparing rate quotes from online providers.
Doing online rates comparisons is so easy that it makes it a waste of time to physically go to insurance agencies in your area. Quoting BMW 535i insurance online can eliminate the need for a local agent unless you’re the type of person who wants the extra assistance that only a licensed agent can provide. You can, however, price shop online and get advice from an agent in your area.
The car insurance companies shown below have been selected to offer comparison quotes in Irvine, CA. To locate cheaper auto insurance in Irvine, CA, we suggest you visit as many as you can in order to find the cheapest rates.
Auto insurance data for a BMW 535i
The coverage table shown below outlines a range of insurance costs for BMW 535i models. Understanding more about how policy rates are formulated can help guide drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $226 | $460 | $416 | $24 | $124 | $1,250 | $104 |
| 535I xDrive Station Wagon | $226 | $460 | $416 | $24 | $124 | $1,250 | $104 |
| 535I GT 4-Dr Sedan | $226 | $460 | $416 | $24 | $124 | $1,250 | $104 |
| 535I xDrive 4-Dr Sedan | $246 | $460 | $416 | $24 | $124 | $1,270 | $106 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location which can change prices significantly.
Deductible analysis
One common question asked by Irvine drivers is the level to set your comp and collision deductibles. The rates shown below highlight the premium difference of buying low and high policy deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second price chart uses a $500 deductible.
| 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 |
| Get Your Own Custom Quote Go | |||||||
| 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 Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in specific Irvine garaging location which can influence rates considerably.
Based on the above data, using a $100 deductible costs approximately $43 more each month or $516 each year averaged for all 535i models than selecting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go more than 9 months between claim filings, you would probably be better off by going with a higher deductible.
Annual premiums for males versus females
The information below shows the difference between BMW 535i yearly insurance costs for male and female drivers. The premiums are based on no claims or violations, comp and collision included, $500 deductibles, single status, and no discounts are factored in.
Should you buy full coverage?
The example below illustrates the comparison of BMW 535i insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no claims or driving citations, $500 deductibles, single marital status, and no discounts are applied.
When to drop comp and collision
There is no exact formula that is best for determining when to drop physical damage coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let’s pretend your BMW 535i replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying the physical damage deductible. If you are paying more than $600 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Auto insurance protects more than just your car
Even though it’s not necessarily cheap to insure a BMW in Irvine, buying auto insurance is required by state law in California and it also provides benefits you may not be aware of.
- Just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific level of liability 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 you bought your BMW with a loan, most banks will make it mandatory that you have full coverage to guarantee loan repayment. If you let the policy lapse, the lender will be forced to insure your BMW at a significantly higher premium and require you to fork over the higher price.
- Auto insurance preserves not only your car but also your assets. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you in the event you are sued. If your BMW gets damaged, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having auto insurance are without a doubt worth the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays more than $750 every year so compare rates at every policy renewal to help ensure money is not being wasted.
Slash your insurance rates with these six discounts
Some insurance providers don’t always advertise all available discounts very well, so the below list has some of the more common and also the more inconspicuous savings tricks you should be using when you buy Irvine car insurance online.
- Claim Free – Drivers who don’t have accidents have much lower rates when compared to insureds who have frequent claims or accidents.
- Savings for New Vehicles – Buying coverage on a new vehicle can save up to 30% since new vehicles are generally safer.
- Discounts for Good Drivers – Safe drivers can save up to 40% or more on their Irvine car insurance quote than less cautious drivers.
- Renewal Discounts – A few insurance companies give discounts for switching policies prior to the expiration date on your current 535i insurance policy. This discount can save up to 10%.
- Defensive Driver Discount – Taking a course in defensive driving could earn you a small percentage discount and easily recoup the cost of the course.
- Distant Student – Youth drivers who attend college more than 100 miles from Irvine and don’t have a car could qualify for this discount.
Just know that most discount credits are not given to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
The information below illustrates the comparison of BMW 535i yearly insurance costs with and without discounts applied to the rates. The rate quotes are based on a female driver, no claims or driving violations, 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 multi-car, homeowner, safe-driver, multi-policy, claim-free, and marriage discounts applied.
Some of the insurance companies that may offer quotes with most of the discounts above include:
Before you buy a policy, ask every insurance company what discounts are available to you. Some of the discounts discussed earlier may not be available in Irvine.
Car insurance agents near you
Some people still like to talk to a local agent and we recommend doing that Good insurance agents can help determine the best coverages and will help you if you have claims. A nice benefit of comparing rates online is that you can obtain lower rates and still have an agent to talk to.
To make it easy to find an agent, after completing this simple form, your coverage information gets sent to insurance agents in Irvine who will give you quotes for your coverage. It simplifies rate comparisons since you won’t have to contact an agency since rate quotes are delivered to you directly. If you wish to get a price quote from a particular provider, you would need to visit that company’s website and give them your coverage information.
Finding the right insurer is decision based upon more than just a cheap price quote. The questions below may impact your decision as well.
- Will their companies depreciate repairs to your car based on the mileage?
- Is the quote a firm price?
- How many years have they been established?
- If independent agents, which companies do they recommend?
- Will they make sure you get an adequate claim settlement?
- Are they giving you every discount you deserve?
- Do they specialize in personal lines auto insurance in Irvine?
- If your car is totaled, how to they determine the replacement cost?
Two different types of auto insurance agents
If you want to use a local Irvine insurance agency, it helps to know the two different types of agencies and how they can service your needs differently. Irvine agents can be described as either independent (non-exclusive) or exclusive. Both can sell affordable insurance policies, but it is a good idea to know the difference between them since it can affect your agent selection.
Exclusive Insurance Agencies
Exclusive agents are contracted to one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot compare other company’s rates so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well schooled on the products they sell and that enables them to sell even at higher rates.
The following are Irvine exclusive insurance agents who can help you get price quote information.
John Luithly – State Farm Insurance Agent
16277 Laguna Canyon Rd F – Irvine, CA 92618 – (949) 727-4442 – View Map
Chris Barr – State Farm Insurance Agent
17802 Irvine Blvd a121 – Tustin, CA 92780 – (714) 544-2558 – View Map
Rich Stevens – State Farm Insurance Agent
4482 Barranca Pkwy #224 – Irvine, CA 92604 – (949) 552-6601 – View Map
Independent Insurance Agents
Agents that choose to be independent often have many company appointments and that enables them to quote your coverage with a variety of different insurance companies and get the cheapest rates. To move your coverage to a new company, the business is moved internally and that require little work on your part. If you need lower rates, it’s a good idea to include price quotes from at least one independent agent so that you can do a thorough price comparison.
Listed below are Irvine independent agents that can give you rate quotes.
Tustin Insurance Agency
17621 Irvine Blvd #112 – Tustin, CA 92780 – (714) 838-1704 – View Map
Roger Stone Insurance Agency
5015 Birch St – Newport Beach, CA 92660 – (949) 757-0270 – View Map
First American Property and Casualty Insurance Agency, Inc.
24 Executive Park Suite 250 – Irvine, CA 92614 – (888) 546-5118 – View Map
Upon getting answers to your satisfaction to any questions you may have as well as affordable BMW 535i insurance rates in Irvine quotes, you may have just found an insurance agent that meets your needs to properly service your insurance policy.
Auto insurance policy coverages for a BMW 535i
Understanding the coverages of auto insurance can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages available from auto insurance companies.
Medical expense insurance
Med pay and PIP coverage pay for expenses for things like ambulance fees, dental work and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision)
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like vandalism, falling objects, damage from a tornado or hurricane, hitting a bird and fire damage. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability car insurance
Liability insurance protects you from damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 15/30/5 which stand for a limit of $15,000 per injured person, a limit of $30,000 in injury protection per accident, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage protects against claims like bail bonds, funeral expenses and court costs. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible. California state law requires minimum liability limits of 15/30/5 but you should think about purchasing higher limits.
The next chart shows why buying the state minimum limits may not be high enough to cover claims.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your BMW 535i.
Due to the fact that many California drivers carry very low liability coverage limits (California limits are 15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Collision coverage protection
Collision insurance pays for damage to your 535i from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like sustaining damage from a pot hole, backing into a parked car, crashing into a building and rolling your car. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to increase the deductible on your 535i to get cheaper collision coverage.
California car insurance companies
Ending up with the right car insurance company is hard considering how many choices drivers have in California. The company ratings shown below may help you pick which auto insurers to look at when shopping around.
Top 10 Irvine Car Insurance Companies Overall
- USAA
- American Family
- AAA of Southern California
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
Cheaper insurance is a realistic goal
When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase plenty of coverage at the best price.
We just presented some good ideas how you can lower your BMW 535i insurance rates in Irvine. The key thing to remember is the more providers you compare, the better your chances of lowering your car insurance rates. Drivers may even discover the lowest priced insurance comes from a small local company. Smaller companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as GEICO and State Farm.
Steps to finding affordable BMW 535i insurance in Irvine
It takes a few minutes, but the best way to get low-cost auto insurance rates is to start comparing rates regularly from providers who provide car insurance in Irvine.
Step 1: Try to learn a little about what coverages are included in your policy and the things you can change to prevent expensive coverage. Many risk factors that drive up the price like high-risk driving behaviors and a not-so-good credit score can be remedied by paying attention to minor details.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can give you price quotes from multiple insurance companies. Find an Irvine insurance agent
Step 3: Compare the new rates to your existing rates to see if you can save by switching companies. If you can save some money and buy the policy, ensure there is no coverage lapse between policies.
Step 4: Provide notification to your current company of your intent to cancel your existing policy. Submit a down payment along with a signed application to the new company. Once coverage is bound, keep the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
One key aspect of rate comparisons is to make sure you’re comparing similar deductibles and liability limits on every quote and and to get price quotes from all possible companies. Doing this helps ensure a fair price comparison and a thorough selection of prices.
Additional information
- How to Avoid Common Accidents (State Farm)
- Who Has Affordable Auto Insurance Quotes After a Speeding Ticket in Irvine? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Low Income Drivers in Irvine? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Rental Reimbursement Coverage (Allstate)
- Red Light Cameras (State Farm)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)