Compare BMW 535i Insurance Rate Quotes in Indianapolis

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A recent auto insurance study revealed that most auto insurance customers have remained with the same auto insurance company for over three years, and nearly half have never taken the time to shop around. The average driver in Indianapolis could save almost $700 each year by just comparing quotes, but they just don't want to compare rates online.

Insurance for BMW 535iThe most effective way to get discount auto insurance rates in Indianapolis is to regularly compare price quotes from companies in Indiana. Rates can be compared by completing these steps.

  • Step 1: Spend some time learning about how insurance works and the steps you can take to prevent rate increases. Many factors that drive up the price such as speeding tickets, careless driving and a bad credit rating can be amended by making minor driving habit or lifestyle changes. Keep reading for instructions to help prevent costly coverage and find additional discounts.
  • Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO and Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
  • Step 3: Compare the new rate quotes to your existing rates to see if a cheaper rate is available. If you can save some money, ensure there is no coverage lapse between policies.
  • Step 4: Give notification to your current company to cancel your current auto insurance policy and submit a down payment along with a completed application for your new policy. Make sure you keep the new certificate of insurance in a readily accessible location in your vehicle.

The key aspect of shopping around is to make sure you're comparing the same deductibles and limits on each quote request and and to get quotes from as many different companies as possible. This ensures an accurate price comparison and a complete price analysis.

If you already have coverage or want to find a cheaper company, you will benefit by learning to buy cheaper car insurance while maintaining coverages. Comparing quotes for cheaper coverage in Indianapolis is not as difficult as people think. Shoppers only need an understanding of the most effective way to buy car insurance online from multiple companies.

Finding a lower price on BMW 535i insurance is not rocket science. The only requirement is to spend a few minutes to compare rate quotes to find out which insurance company has affordable BMW 535i insurance quotes.

The companies in the list below are our best choices to provide free rate quotes in Indiana. If multiple companies are listed, we suggest you visit two to three different companies in order to get a fair rate comparison.

Car insurance policy discounts for BMW 535i insurance in Indianapolis

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help offset the cost. Some discounts will apply at quote time, but some discounts are required to be asked about prior to receiving the credit.Save money with discounts

  • Defensive Driver Discount - Successfully completing a defensive driver course may get you a small discount and also improve your driving technique.
  • E-sign Discounts - Certain insurance companies may give you up to $50 for buying your policy digitally online.
  • Discount for Life Insurance - Not all insurance carriers offer life insurance, but some may give you a small discount if you purchase life insurance from them.
  • Driver's Ed - Require your teen driver to complete a driver education course in high school.
  • Low Mileage Discounts - Driving fewer miles can earn cheaper premium rates.
  • Discounts for Government Workers - Active or retired federal employment could cut as much as 10% off with some car insurance companies.
  • Professional Memberships - Belonging to certain professional organizations could qualify you for a break on your next car insurance statement.
  • Telematics Discount - Drivers that enable their insurance company to spy on driving patterns by using a telematic data system such as State Farm's In-Drive could save a few bucks as long as they are good drivers.
  • Passive Restraint Discount - Vehicles with factory air bags or automatic seat belts may get savings of 20% or more.

It's important to note that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as medical payments or collision. Just because it seems like you can get free auto insurance, you aren't that lucky.

The diagram below illustrates the difference between BMW 535i insurance costs with and without discounts. The information is based on a female driver, no claims or violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, homeowner, and marriage discounts applied.

A few popular companies and some of the discounts are:

  • State Farm policyholders can earn discounts including defensive driving training, Drive Safe & Save, multiple policy, good driver, driver's education, anti-theft, and good student.
  • American Family may offer discounts for early bird, mySafetyValet, Steer into Savings, accident-free, air bags, and good student.
  • GEICO includes discounts for military active duty, emergency military deployment, multi-vehicle, air bags, driver training, and five-year accident-free.
  • 21st Century has discounts for automatic seat belts, anti-lock brakes, teen driver, 55 and older, good student, driver training, and defensive driver.
  • Progressive offers premium reductions for online quote discount, multi-vehicle, good student, homeowner, and multi-policy.

If you need inexpensive Indianapolis car insurance quotes, ask every prospective company which discounts can lower your rates. Some discounts may not apply in your area. To choose companies that can offer you the previously mentioned discounts in Indiana, click this link.

Car insurance data for a BMW 535i

The coverage table below showcases estimates of coverage prices for BMW 535i models. Being more informed about how auto insurance policy rates are figured can be valuable when making decisions on the best policy coverages.

BMW 535i Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $372 $824 $380 $22 $114 $1,712 $143
535I xDrive Station Wagon $372 $824 $380 $22 $114 $1,712 $143
535I GT 4-Dr Sedan $372 $824 $380 $22 $114 $1,712 $143
535I xDrive 4-Dr Sedan $406 $824 $380 $22 $114 $1,746 $146
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can raise or lower coverage prices significantly.

Choosing deductibles

One frequently asked question is where to set your physical damage deductibles. The following insurance rates may help to illustrate the costs and benefits when you choose different policy deductibles. The first data table uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

BMW 535i insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $334 $670 $280 $16 $84 $1,409 $117
535I xDrive Station Wagon $334 $670 $280 $16 $84 $1,409 $117
535I GT 4-Dr Sedan $334 $670 $280 $16 $84 $1,409 $117
535I xDrive 4-Dr Sedan $366 $670 $280 $16 $84 $1,441 $120
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BMW 535i insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $186 $352 $280 $16 $84 $918 $77
535I xDrive Station Wagon $186 $352 $280 $16 $84 $918 $77
535I GT 4-Dr Sedan $186 $352 $280 $16 $84 $918 $77
535I xDrive 4-Dr Sedan $204 $352 $280 $16 $84 $936 $78
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rates do not factor in garaging location in Indianapolis which can change premium rates noticeably.

Based on the data above, we can derive that using a $100 deductible costs roughly $41 more each month or $492 every year across all BMW 535i models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 22 months between claims, you would most likely save money by going with a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $100 deductibles: $118
Average monthly premium for $1,000 deductibles (subtract): - $77
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

An important sidenote is that increasing deductibles to lower your rates means you will have to pay more of your own money if you have a claim. That will necessitate access to more funds in the event you need to pay the deductible.

The illustration below demonstrates how choosing different deductibles and can impact BMW 535i annual premium costs for each different age group. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Insurance Premium Influencing Factors

Many factors are taken into consideration when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but other criteria are less obvious such as whether you are married or your vehicle rating. When buying insurance it's important to understand the different types of things that are used to determine the rates you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that may reward you with big savings.

Job stress can affect premiums - Careers like lawyers, airline pilots, and financial analysts usually pay higher rates than the rest of us because of intense work-related stress and lots of time spent at work. Conversely, occupations such as scientists, engineers and retirees pay the least.

Lower premiums for vehicles with better crash test results - Vehicles with high crash test scores tend to have lower insurance rates. The safest vehicles help reduce the chance of injuries in an accident and fewer serious injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your BMW 535i earned at least four stars on Safercar.gov you may pay a lower rate.

Vehicle features can affect rates - Owning a car that has a built-in theft deterrent system can help bring down rates. Theft prevention features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent car theft and help bring rates down.

Only buy add-on coverages you need - Insurance companies have many additional extra coverages you can purchase on your insurance policy. Coverages like rental car reimbursement, high-cost glass coverage, and extra equipment coverage are probably not needed. The coverages may be enticing when discussing your needs, but if you have no use for them consider taking them off your policy.

Gender as a rate factor - Statistics have proven that females tend to be a little less risky than males. However, don't assume that males are worse at driving than females. They both have at-fault accidents at a similar rate, but the males cause more damage. Men also statistically get higher numbers of serious violations such as DWI and reckless driving.

The illustration below illustrates the comparison of BMW 535i auto insurance rates for male and female drivers. The costs are based on no violations or claims, full coverage, $250 deductibles, single marital status, and no discounts are taken into consideration.