BMW 535i Insurance Rates in Jacksonville

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Insurance rates BMW 535i in JacksonvilleHow many times have you put off comparing quotes for low-cost auto insurance rates in Jacksonville, FL? Jacksonville drivers have options when trying to find the lowest priced BMW 535i insurance. You can either waste hours struggling with agents trying to get quotes or leverage the internet to make rate comparisons.

There are both good and bad ways to find auto insurance online and you need to know the best way to price shop coverage for a new or used BMW and get the cheapest rates either online or from Jacksonville insurance agents.

It goes without saying that car insurance companies don't want policyholders to shop around. People who get comparison quotes at least once a year will most likely buy a different policy because of the good chance of finding more affordable rates. A recent study showed that consumers who compared rates annually saved approximately $3,500 over four years as compared to drivers who don't make a habit of comparing rates.

If finding discount rates on car insurance in Jacksonville is the reason you're reading this, then having an understanding of the best way to compare insurance coverage can help you succeed in saving money.

Smart consumers take time to compare rates occasionally because insurance prices fluctuate regularly. Just because you had the best rate on BMW 535i insurance in Jacksonville last year you may be paying too much now. Forget all the misinformation about auto insurance because we're going to demonstrate the best methods to find better coverage on BMW 535i insurance in Jacksonville at a better price.

The method we recommend to compare policy rates for BMW 535i insurance in Jacksonville is to understand auto insurance companies participate in a system to provide you with free rate quotes. All consumers are required to do is provide details like how old drivers are, the year, make and model of vehicles, if the vehicle is leased, and deductibles desired. The rating information is submitted instantly to insurance carriers in your area and you will get price comparisons quickly.

To compare rates for your car now, click here and enter the information requested.

The companies in the list below provide price quotes in Jacksonville, FL. If multiple companies are shown, we suggest you visit several of them to get the best price comparison.

Three reasons to not skimp on auto insurance

Despite the potentially high cost of BMW 535i insurance, maintaining insurance serves several important purposes.

  • The majority of states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability insurance coverage in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your vehicle has a lienholder, more than likely the lender will require you to have physical damage coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender may insure your BMW for a lot more money and require you to reimburse them the higher price.
  • Insurance protects your BMW 535i and your assets. It will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays for attorney fees and expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your policy will pay to repair the damage.

The benefits of buying auto insurance are without a doubt worth the cost, especially for larger claims. An average driver in America overpays as much as $865 each year so shop around each time the policy renews to be sure current rates are still competitive.

BMW 535i insurance charts and tables

The rate information displayed below outlines detailed analysis of policy rates for BMW 535i models. Having insight into how auto insurance premiums are formulated can be useful when making informed decisions when comparing rate quotes.

BMW 535i Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $238 $514 $472 $28 $142 $1,394 $116
535I xDrive Station Wagon $238 $514 $472 $28 $142 $1,394 $116
535I GT 4-Dr Sedan $238 $514 $472 $28 $142 $1,394 $116
535I xDrive 4-Dr Sedan $260 $514 $472 $28 $142 $1,416 $118
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in garaging location in Jacksonville which can affect insurance rates noticeably.

Policy deductibles

A question often asked by Jacksonville drivers is the level to set your comp and collision deductibles. The tables below can help you understand how much more rates are of buying low and high deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.

BMW 535i insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $446 $834 $418 $24 $124 $1,871 $156
535I xDrive Station Wagon $446 $834 $418 $24 $124 $1,871 $156
535I GT 4-Dr Sedan $446 $834 $418 $24 $124 $1,871 $156
535I xDrive 4-Dr Sedan $488 $834 $418 $24 $124 $1,913 $159
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BMW 535i insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $364 $672 $418 $24 $124 $1,602 $134
535I xDrive Station Wagon $364 $672 $418 $24 $124 $1,602 $134
535I GT 4-Dr Sedan $364 $672 $418 $24 $124 $1,602 $134
535I xDrive 4-Dr Sedan $396 $672 $418 $24 $124 $1,634 $136
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Table data does not factor in specific Jacksonville garaging location which can decrease or increase premium rates substantially.

Based on the above data, using a $250 deductible costs approximately $22 more each month or $264 every year than opting for the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 11 months between claim filings, you would save more money by going with a higher deductible.

The chart below demonstrates how choosing different deductibles and can increase or decrease BMW 535i insurance costs for each age group. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied.

How careless driving impacts Jacksonville car insurance rates

The illustration below shows how traffic citations and at-fault collisions raise BMW 535i insurance rates for different insured age categories. The information is based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.

BMW 535i insurance rates: Men versus women

The example below shows the difference between BMW 535i insurance costs for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are not married, and no discounts are factored in.

Insurance discounts help lower rates for BMW 535i insurance in Jacksonville

Some insurance providers don't always publicize their entire list of discounts in a way that's easy to find, so the following list contains a few of the more common and the harder-to-find credits available to you.Save money with discounts

  • College Student - Kids who are enrolled in higher education away from home and do not have access to a covered vehicle may be able to be covered for less.
  • New Car Discount - Adding a new car to your policy is cheaper because newer models have to meet stringent safety requirements.
  • Multi-line Discount - Insurance carriers who offer life insurance give better premium rates if you take out a life insurance policy as well.
  • Drive Less and Save - Low annual miles can earn lower premium rates on the low mileage vehicles.
  • Service Members Pay Less - Being on active deployment in the military may qualify for rate reductions.
  • Bundled Policy Discount - When you have multiple policies and insure them both with the same insurance company you may earn as much as 10 to 15 percent.

Don't be surprised that many deductions do not apply to the entire policy premium. Most only cut specific coverage prices like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn't work that way.

The illustration below compares BMW 535i insurance premiums with and without discounts. The data assumes a female driver, no accidents, no driving violations, Florida 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, marriage, multi-policy, safe-driver, and claim-free discounts applied.

Companies that may include some of the discounts shown above include:

If you need lower rates, check with every company which discounts you may be entitled to. A few discounts may not be offered in your area. If you would like to see a list of insurance companies with significant discounts in Jacksonville, click this link.