Save on BMW 535i Insurance in Virginia Beach

It’s amazing but over 70% of drivers kept buying from the same company for well over three years, and practically 40% of insurance customers have never compared quotes from other companies. With the average premium in Virginia being $1,200, drivers could save themselves almost 45% a year just by shopping around, but they feel it’s too difficult to go online and compare rates.

The recommended way to find low-cost car insurance rates in Virginia Beach is to begin comparing prices regularly from insurers in Virginia.

• First, gain an understanding of how auto insurance works and the modifications you can make to prevent high rates. Many factors that cause high rates like your driving record and a not-so-good credit score can be remedied by making lifestyle changes or driving safer.
• Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agencies can give you price quotes from many different companies.
• Third, compare the quotes to your current policy premium to see if cheaper 535i coverage is available. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.

A valuable tip to remember is to make sure you enter similar coverage information on each quote request and to quote with as many different companies as possible. This provides a fair rate comparison and a thorough price selection.

The are a couple different ways to compare prices from many available car insurance companies in Virginia. The fastest way to compare BMW 535i insurance prices is to jump online and get quotes.

It’s so fast and easy to compare quotes online that it replaces the need to drive to and from local Virginia Beach insurance agencies. The ability to get quotes online can eliminate the need for a local agent unless you’re the type of person who wants the trained advice that only an agent can give. If you prefer, some companies allow you to comparison shop your insurance online but have a local agent actually write the policy.

Just remember that comparing more rates from different companies helps improve the odds of finding the best rates.

The following companies are ready to provide price quotes in Virginia. If your goal is to find cheaper car insurance in VA, we recommend you get rates from several of them to get the best price comparison.

Coverage statistics and figures

The premium table shown below highlights estimates of insurance rates for BMW 535i models. Understanding more about how insurance rates are formulated can assist in making smart policy decisions.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Table data does not factor in specific location which can lower or raise rates greatly.

How high should deductibles be?

When buying car insurance, a common question is how high or low should comp and collision deductibles be. The data tables below highlight the price difference when you choose different coverage deductibles. The first rate quote example uses a $250 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Table data does not factor in specific garaging location which can lower or raise premiums greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs an average of $15 more each month or $180 each year across all BMW 535i models than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 17 months between claim filings, you would probably come out ahead going with the higher deductible.

One important caveat is that a higher deductible level results in more money out-of-pocket when you have a physical damage claim. You should have some extra funds in order to pay the deductible for vehicle repair.

Lower rate quotes with discounts

Car insurance is not cheap, but you can get discounts to cut the cost considerably. Most are applied when you get a quote, but a few need to be specifically requested before they will apply.

• Life Insurance – Car insurance companies who offer life insurance give a discounted rate on car insurance if you buy life insurance from them.
• Bundled Policy Discount – If you combine your auto and homeowners policies and insure them both with the same insurance company you will save as much as 10 to 15 percent.
• Good Student – Performing well in school can earn a discount of 20% or more. This discount can apply up to age 25.
• Service Members Pay Less – Being deployed with a military unit could mean lower premium rates.
• Early Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you may have a lower total premium amount.

One last thing about discounts, most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, car insurance companies aren’t that generous.

The illustration below shows the comparison of BMW 535i insurance costs with and without some available policy discounts. The prices are based on a male driver, no claims, a clean driving record, Virginia state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.

Insurance companies that may offer most of these discounts are:

• Progressive
• SAFECO
• American Family
• MetLife
• GEICO
• The Hartford

When getting free Virginia Beach auto insurance quotes, it’s a good idea to each insurance company which discounts they offer. Discounts might not apply everywhere. If you would like to view car insurance companies offering car insurance discounts in Virginia Beach, click this link.

Protect more than your 535i

Despite the high insurance cost for a BMW 535i in Virginia Beach, insurance is required for several reasons.

• Just about all states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability insurance coverage in order to drive the car. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you have a lien on your BMW, more than likely the lender will require that you have physical damage coverage to guarantee their interest in the vehicle. If you let the policy lapse, the lender may insure your BMW at a more expensive rate and require you to fork over for the much more expensive policy.
• Insurance safeguards both your car and your personal assets. It will also pay for hospital and medical expenses incurred in an accident. Liability coverage also pays expenses related to your legal defense if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.

The benefits of buying insurance more than cancel out the cost, specifically if you ever have a liability claim. Unknowingly, the average driver is currently overpaying as much as $825 a year so you should quote rates every year to make sure the price is not too high.

Everyone needs different insurance coverages

Always remember that when buying proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. You are unique.

These are some specific questions could help you determine whether your personal situation may require specific advice.

• Does insurance cover damages from a DUI accident?
• What if an uninsured driver hits me?
• Does my liability insurance cover pulling a trailer or camper?
• What are the financial responsibility laws in my state?
• Can my babysitter drive my car?
• Am I covered if I hit someone who is not insured?
• How can I force my company to pay a claim?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.

Independent versus exclusive insurance agents

A small number of people just prefer to talk to an insurance agent and there is nothing wrong with that. One of the great benefits of comparing rate quotes online is that drivers can save money and get lower car insurance rates and still have a local agent. Putting coverage with local agents is especially important in Virginia Beach.

To make it easy to find an agent, after completing this short form, your information is instantly submitted to insurance agents in Virginia Beach that can provide free Virginia Beach auto insurance quotes for your business. You never need to visit any agencies because prices are sent straight to your inbox. You can find the lowest rates without the usual hassles of price shopping. If you wish to get a rate quote from one company in particular, you can always find their quoting web page and complete a quote there.

Multiple types of car insurance agents in Virginia Beach

If you would like to find a reputable agency, it can be helpful to understand the types of agencies and how they operate. Insurance agencies can be classified as either exclusive or independent.

Independent Agents (or Brokers)

Independent agencies are not employed by any specific company and that is an advantage because they can write policies with multiple insurance companies and get the cheapest rates. If prices rise, your policy is moved internally and you don’t have to do anything. If you need lower rates, you should always compare quotes from multiple independent agents for the best price selection.

Featured below is a short list of independent insurance agencies in Virginia Beach who can help you get free insurance rate quotes.

More insurance agents

Exclusive Insurance Agencies

These agents can only quote rates from one company such as State Farm or Allstate. These agents are not able to provide rate quotes from other companies so they really need to provide good service. They receive a lot of sales training on sales techniques which helps them sell on service rather than price.

Listed below is a short list of exclusive agencies in Virginia Beach that are able to give price quotes.

More insurance agents

Deciding on an insurance agent requires more thought than just a cheap price. Any good agent in Virginia Beach should know the answers to these questions.

• Are they full-time agents?
• Is their price quote a firm figure or are their hidden costs?
• How long have they been in business?
• What insurance companies do they recommend if they are an independent agent?
• Do they see any coverage gaps in your plan?

If you get good feedback to all your questions as well as a affordable price, it’s a good possibility that you have found an auto insurance agent that meets the requirements to provide insurance coverage. Just be aware that you are able to cancel your policy for any reason so don’t feel that you are permanently stuck with any particular company with no way to switch.