Discount BMW 535i insuranceDrivers fed up with high insurance rates and are new to comparing rates online will discover locating low cost BMW 535i insurance can be quite challenging.

Regrettably, almost 70% of drivers kept their policy with the same company for more than four years, and about 40% of consumers have never compared rate quotes at all. The average driver in South Carolina could cut their rates by about 55% a year just by comparing rates, but they just feel it's too hard to save money by comparing rate quotes.

It is always a good idea to do price comparisons on a regular basis because auto insurance prices change regularly. If you had the best rate on BMW 535i insurance in Columbia two years ago the chances are good that you can find a lower premium rate today. There are a lot of ways to save on 535i insurance on the web, but in a few minutes you can learn some of the best techniques to buy auto insurance cheaper in Columbia.

The fastest way that we advise to compare car insurance company rates for BMW 535i insurance in Columbia is to realize most of the bigger providers pay for the opportunity to give you rate quotes. The only thing you need to do is provide a little information including if you are currently licensed, how much you drive, how much coverage you want, and your general credit rating. That rating data is submitted instantly to multiple companies and you will receive price estimates instantly.

To start a quote now, click here and find out if lower rates are available in Columbia.

The companies shown below are ready to provide price comparisons in Columbia, SC. If multiple providers are shown, we suggest you visit as many as you can to get the most competitive price.

BMW 535i Insurance Rate Estimates in Columbia, SC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $194 $420 $358 $22 $108 $1,102 $92
535I xDrive Station Wagon $406 $838 $460 $28 $138 $1,870 $156
535I GT 4-Dr Sedan $194 $420 $386 $22 $116 $1,138 $95
535I xDrive 4-Dr Sedan $190 $356 $320 $18 $96 $980 $82
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in specific garaging location which can influence premiums significantly.

How high should deductibles be?

The illustration below demonstrates how deductible levels and can impact BMW 535i insurance prices for different age groups. The information is based on a married female driver, full physical damage coverage, and no policy discounts are applied.

Does it make sense to buy full coverage?

The chart below shows the difference between BMW 535i insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on a clean driving record, no claims, $1,000 deductibles, married male driver, and no discounts are factored in.

Are you wasting money on full coverage?

There isn't a steadfast formula to eliminate full coverage, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your BMW 535i settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the deductible is paid. If it's costing in excess of $600 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Policy deductibles

When buying auto insurance, a common question is which deductible level should you buy. The premium rates below help summarize the differences in price when you buy lower versus higher policy deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

BMW 535i insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $408 $814 $342 $20 $102 $1,711 $143
535I xDrive Station Wagon $408 $814 $342 $20 $102 $1,711 $143
535I GT 4-Dr Sedan $408 $814 $342 $20 $102 $1,711 $143
535I xDrive 4-Dr Sedan $444 $814 $342 $20 $102 $1,747 $146
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BMW 535i insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $226 $428 $342 $20 $102 $1,118 $93
535I xDrive Station Wagon $226 $428 $342 $20 $102 $1,118 $93
535I GT 4-Dr Sedan $226 $428 $342 $20 $102 $1,118 $93
535I xDrive 4-Dr Sedan $246 $428 $342 $20 $102 $1,138 $95
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and South Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Table data does not factor in specific Columbia garaging location which can impact premium rates considerably.

Based on the figures above, using a $100 deductible costs an average of $50 more each month or $600 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 18 months between claim filings, you would save more money by selecting a higher deductible.

Insurance is not optional but you don't have to overpay

Despite the high insurance cost for a BMW 535i in Columbia, insuring your vehicle is mandatory in South Carolina but it also protects more than you think.

The benefits of carrying adequate insurance definitely exceed the price paid, specifically if you ever have a liability claim. Today the average American driver is overpaying over $830 a year so it's very important to do a rate comparison at every renewal to help ensure money is not being wasted.

Columbia insurance discounts for a BMW 535i

Companies offering auto insurance don't always advertise all discounts in a way that's easy to find, so the following is a list of some of the best known and also the more inconspicuous discounts you could be receiving when you buy Columbia auto insurance online.Cheaper insurance with discounts

A little disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. Even though the math looks like all those discounts means the company will pay you, that's just not realistic. Any qualifying discounts should help reduce your overall bill.

To view insurance companies that can offer you the previously mentioned discounts in South Carolina, follow this link.

Should I have guidance from a local insurance agent?

Many drivers still prefer to visit with an insurance agent. A nice benefit of getting free rate quotes online is you can get lower rates and still buy from a local agent.

To find an agent, once you fill out this short form, your information is instantly submitted to insurance agents in Columbia that give free quotes for your insurance coverage. There is no need to find an agent since price quotes are sent to you directly. You can most likely find cheaper rates and an insurance agent to talk to. In the event you want to compare rates from a specific company, don't hesitate to jump over to their website to submit a rate quote request.

Finding the right insurer requires you to look at more than just the quoted price. Below are some questions you should ask.

Exclusive agents vs. Independent agents

When searching for a good insurance agency, it's important to understand the different types of agents and how they operate. Insurance agents can either be exclusive agents or independent agents.

Exclusive Insurance Agents

Exclusive insurance agents can usually just insure with one company and examples are State Farm or Allstate. They usually cannot provide rate quotes from other companies so always compare other rates. Exclusive agents are very knowledgeable on their company's products which helps them sell on service rather than price. Consumers often use the same exclusive agent partially due to the brand legacy rather than having low rates.

Shown below are exclusive insurance agents in Columbia willing to provide rate quotes.

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Independent Insurance Agencies

Agents in the independent channel are not required to write business for one company so as a result can place your coverage through many companies and help determine which has the cheapest rates. To move your coverage to a new company, the business is moved internally which is easy for the insured. If you are comparing rate quotes, you should always compare quotes from independent agents so that you have a good selection of quotes to compare. Many can place coverage with small mutual carriers that many times have cheaper rates.

Shown below is a list of independent agencies in Columbia who can help you get price quote information.

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Specific coverage details

Understanding the coverages of your car insurance policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

UM/UIM Coverage - Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your BMW 535i.

Due to the fact that many South Carolina drivers only carry the minimum required liability limits (South Carolina limits are 25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision - This pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like rock chips in glass, hail damage, theft, fire damage and hitting a deer. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Medical costs insurance - Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for prosthetic devices, nursing services, chiropractic care and surgery. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Liability - This will cover damage or injury you incur to other's property or people in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like emergency aid, loss of income, bail bonds and medical expenses. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford. South Carolina state minimum liability requirements are 25/50/25 but you should think about purchasing higher limits.

Collision - Collision insurance will pay to fix damage to your 535i caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like backing into a parked car, colliding with another moving vehicle, sideswiping another vehicle, crashing into a building and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It's also possible to increase the deductible on your 535i to get cheaper collision coverage.

Cover all your bases

In this article, we covered a lot of ways to reduce BMW 535i insurance premium rates online in Columbia. The key concept to understand is the more companies you get prices for, the better likelihood of getting low cost Columbia auto insurance quotes. Drivers may even discover the best premium rates are with a small local company.

There are still a few companies who do not offer price quotes online and many times these smaller providers work with local independent agents. Affordable BMW 535i insurance in Columbia is definitely available online and from local agencies, so you should compare both so you have a total pricing picture.

Consumers change insurance companies for a variety of reasons including delays in paying claims, denial of a claim, not issuing a premium refund or even unfair underwriting practices. Regardless of your reason for switching companies, switching companies is actually quite simple.

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