The 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.
- Step 1: Read and learn about what coverages are included in your policy and the modifications you can make to prevent high rates. Many factors that result in higher rates such as traffic citations and a low credit score can be remedied by paying attention to minor details.
- Step 2: Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies.
- Step 3: Compare the new rate quotes to your current policy premium to see if cheaper 535i coverage is available. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
- Step 4: Provide notification to your current agent or company of your intention to cancel the current policy. Submit payment and a signed application for the new policy. Once received, place your new proof of insurance certificate in a readily accessible location in your vehicle.
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.
- Always keep your coverage in force – Driving with no insurance is not a good idea and you will pay a penalty because you let your insurance lapse for non-payment. And not only will your rates increase, getting caught without coverage could earn you a fine, jail time, or a revoked license.
- Higher prices for tough employers – Occupations such as military personnel, architects, and medical professionals have higher rates than average in part from high stress levels and lots of time spent at work. Conversely, jobs such as professors, athletes and homemakers have lower than average premiums.
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Cheaper to insure gals? – Statistics demonstrate that females take fewer risks when driving. However, this does not mean men are worse drivers. Men and women are in fender benders at about the same rate, but the men cause more damage and cost insurance companies more money. Not only that, but men also get ticketed for serious violations like driving under the influence (DUI). Male teenagers have the highest risk to insure and therefore have the most expensive auto insurance rates.
The diagram below shows the difference between BMW 535i yearly insurance costs for male and female drivers. The rates are based on no claims or driving violations, full coverage, $250 deductibles, single status, and no additional discounts are factored in.
- Discounts for married drivers – Having a wife or husband may cut your premiums compared to being single. Having a significant other generally demonstrates drivers are more mature and responsible and statistics prove married couples file fewer claims.
- See if your company offers a multi-policy discount – Most larger auto insurance companies allow discounts to customers that buy multiple policies in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible.
- Five star NHTSA crash test rating saves money – Vehicles that have high safety ratings tend to have better insurance rates. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries translates directly to fewer claims and lower rates for you. If your BMW 535i scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
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.
| 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 |
| Get Your Own Custom Quote Go | |||||||
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.
| 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 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.
- Low Mileage Discounts – Low annual miles could be rewarded with lower insurance rates on the low mileage vehicles.
- Distant Student – Older children who live away from home to go to college without a vehicle on campus can receive lower rates.
- Telematics Data – Drivers that enable companies to look at driving manner remotely such as Progressive’s Snapshot and State Farm’s In-Drive might get better premium rates if their driving habits are good.
- Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Paperless Signup – A few companies may give you up to $50 for completing your application over the internet.
- Own a Home and Save – Being a homeowner can earn you a little savings since owning and maintaining a home demonstrates responsibility.
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.
- Progressive includes discounts for online quote discount, online signing, homeowner, multi-vehicle, continuous coverage, good student, and multi-policy.
- AAA may have discounts that include multi-policy, good driver, pay-in-full, anti-theft, and AAA membership discount.
- Farmers Insurance offers premium reductions for teen driver, homeowner, mature driver, electronic funds transfer, and good student.
- GEICO may offer discounts for driver training, membership and employees, air bags, military active duty, and daytime running lights.
- Esurance policyholders can earn discounts including paid-in-full, claim free, safety device, multi-policy, and good driver.
- SAFECO offers discounts for anti-theft, anti-lock brakes, homeowner, teen safety rewards, and drive less.
- State Farm may include discounts for multiple policy, multiple autos, good driver, anti-theft, driver’s education, and student away at school.
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.
After 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.
- El Dorado Insurance Agency, Inc.
2809 Unicorn Rd # 102 – Bakersfield, CA 93308 – (800) 221-3386 – View Map - Baldwin Georgenton Insurance
4200 Truxtun Ave # 102 – Bakersfield, CA 93309 – (661) 327-8010 – View Map - Nationwide Insurance: Michaud Insurance Agency Inc
201 California Ave – Bakersfield, CA 93304 – (661) 633-9900 – View Map
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.
- Abir M Pulskamp – State Farm Insurance Agent
1100 Mohawk St #240 – Bakersfield, CA 93309 – (661) 322-3338 – View Map - Allstate Insurance: Hero Singh
3400 Panama Ln h – Bakersfield, CA 93313 – (661) 229-4008 – View Map - Farmers Insurance – Scott Brown
6501 Schirra Ct #100 – Bakersfield, CA 93313 – (661) 837-4100 – View Map
Finding a good insurance agency should include more criteria than just the quoted price. These are valid questions to ask:
- Is the agent properly licensed in California?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are they primarily personal or commercial lines agents in Bakersfield?
- Is assistance available after office hours?
- Is the coverage adequate for your vehicle?
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.
For example, these questions can help discover if you would benefit from an agent’s advice.
- Is my camper covered for physical damage?
- Should I sign the liability waiver when renting a car?
- When should I remove comp and collision on my BMW 535i?
- What are good deductibles for a BMW 535i?
- How do I insure my teen driver?
- Should I have a commercial auto policy?
- Are split liability limits better than a combined single limit?
- What states are considered no-fault?
- What companies insure drivers after a DUI or DWI?
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.
More information is available below:
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What is the Cheapest Car Insurance in Bakersfield, California? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Active Military in Bakersfield? (FAQ)
- How Much are Car Insurance Quotes for a Hyundai Elantra in Bakersfield? (FAQ)
- What Insurance is Cheapest for Teenage Females in Bakersfield? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Nurses in Bakersfield? (FAQ)
- Who Has Cheap Car Insurance Quotes for Postal Workers in Bakersfield? (FAQ)
- Who Has the Cheapest Auto Insurance for Teenage Males in Bakersfield? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Drunk Driving Statistics (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)