Insurance quote for BMW 535i in AuroraHas it been over a year since you last compared quotes for low-cost BMW 535i insurance in Aurora? Expensive BMW 535i insurance in Aurora can diminish your savings and require stricter spending habits. Comparing rate quotes is a fast and free way to reduce premiums and put more money in your pocket.

Unbelievably, over 70% of drivers kept their policy with the same company for well over three years, and 38% of customers have never compared rates to find cheaper insurance. The average driver in Aurora could cut their rates by about $605 a year just by comparing rates, but they don't want to take the time to compare rates online. Companies like Allstate, Progressive and GEICO all promote huge savings with catchy ads and it is challenging if not impossible to see past the geckos and flying pigs and find the best price available.

Best BMW 535i insurance price quotes in Colorado

The companies in the list below are ready to provide free rate quotes in Aurora, CO. If multiple companies are listed, it's a good idea that you visit several of them to find the lowest auto insurance rates.

BMW 535i Insurance Rates in Aurora, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $232 $442 $352 $20 $106 $1,152 $96
535I xDrive Station Wagon $212 $406 $362 $22 $108 $1,110 $93
535I GT 4-Dr Sedan $296 $554 $358 $22 $108 $1,338 $112
535I xDrive 4-Dr Sedan $456 $864 $474 $28 $142 $1,964 $164
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price information does not factor in vehicle garaging location which can change auto insurance rates significantly.

Difference between full coverage and liability only rates

The chart below examines BMW 535i premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no violations or claims, $500 deductibles, married male driver, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There is no clear-cut formula for phasing out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let's assume your BMW 535i settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after you pay the deductible. If it's costing in excess of $600 annually for full coverage, then it may be the right time to buy liability only.

There are some scenarios where eliminating full coverage is not a good idea. If you haven't satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

Deductible analysis

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The comparisons below illustrate the price difference between low and high deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.

BMW 535i insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $420 $838 $352 $20 $106 $1,761 $147
535I xDrive Station Wagon $420 $838 $352 $20 $106 $1,761 $147
535I GT 4-Dr Sedan $420 $838 $352 $20 $106 $1,761 $147
535I xDrive 4-Dr Sedan $458 $838 $352 $20 $106 $1,799 $150
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BMW 535i insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $232 $442 $352 $20 $106 $1,152 $96
535I xDrive Station Wagon $232 $442 $352 $20 $106 $1,152 $96
535I GT 4-Dr Sedan $232 $442 $352 $20 $106 $1,152 $96
535I xDrive 4-Dr Sedan $254 $442 $352 $20 $106 $1,174 $98
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in specific location which can modify premium rates substantially.

Using the data above, we can ascertain that using a $100 deductible costs an average of $51 more each month or $612 a year than choosing the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 18 months between claims, you would save more money if you elect the higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $148
Average monthly premium for $1,000 deductibles (subtract): - $97
Monthly savings from raising deductible: $51
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $51
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important note is that raising deductibles to save money means you pay more out-of-pocket when you have a physical damage claim. That will require some available funds in order to pay the deductible for vehicle repair.

Comparison of auto insurance rates by gender and age in Aurora

The example below shows the difference between BMW 535i insurance rates for male and female drivers. The information is based on no violations or accidents, comp and collision included, $100 deductibles, marital status is single, and no policy discounts are applied.

Cheaper BMW 535i insurance rates in Aurora

The cost of insuring your cars can be expensive, but you can get discounts that could drop your premiums quite a bit. Some of these discounts will be visible when you purchase, but a few must be specially asked for before they will apply.

We need to note that some credits don't apply to the entire policy premium. Most only reduce individual premiums such as medical payments or collision. So when it seems like you can get free auto insurance, it doesn't quite work that way.

The best insurance companies and a partial list of their discounts can be read below.

Check with all companies you are considering the best way to save money. Some of the earlier mentioned discounts might not be available to policyholders in your area. To locate insurance companies with the best BMW 535i insurance discounts in Colorado, click this link.

Compare rate quotes but buy from a local Aurora insurance agent

A small number of people would rather sit down and talk to an agent and we recommend doing that Insurance agents are highly skilled in risk management and help submit paperwork. An additional benefit of comparing insurance prices online is that you can find better rates but also keep your business local. And supporting local agents is definitely important in Aurora.

Insurance agents in AuroraTo find an agent, once you fill out this form (opens in new window), your information gets sent to agents in your area that give free quotes for your business. It simplifies rate comparisons since you won't have to even leave your home because quoted prices will be sent directly to you. If you have a need to compare rates for a specific company, just jump over to their website and submit a quote form there.

Below are Aurora car insurance companies willing to provide comparison quotes for BMW 535i insurance in Aurora.

A All City Auto Insurance
9720 E Colfax Ave - Aurora, CO 80010 - (303) 364-0555 - View Map

3091 S Jamaica Ct #130 - Aurora, CO 80014 - (303) 597-1997 - View Map

13688 E Iliff Ave a - Aurora, CO 80014 - (720) 535-5506 - View Map

4272 S Chambers Rd - Aurora, CO 80014 - (303) 699-3327 - View Map

More insurance agents

Finding the right company needs to be determined by more than just a cheap price. A good agent in Aurora will have answers to these questions.

Coverages available on your auto insurance policy

Learning about specific coverages of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most auto insurance policies.

Collision coverages - Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with a tree, rolling your car, colliding with another moving vehicle, backing into a parked car and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible on your 535i to get cheaper collision coverage.

Comprehensive insurance - Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as rock chips in glass, hail damage, theft, damage from a tornado or hurricane and damage from flooding. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM) - Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your BMW 535i.

Since many Colorado drivers have only the minimum liability required by law (which is 25/50/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy's liability coverage.

Auto liability - Liability insurance can cover damage that occurs to other's property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/15 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $15,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against claims such as attorney fees, pain and suffering, repair costs for stationary objects and repair bills for other people's vehicles. How much coverage you buy is your choice, but consider buying higher limits if possible. Colorado state law requires minimum liability limits of 25/50/15 but it's recommended drivers buy better liability coverage.

Med pay and Personal Injury Protection (PIP) - Coverage for medical payments and/or PIP pay for bills for things like X-ray expenses, hospital visits, EMT expenses and chiropractic care. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Don't give up on affordable premiums

As you restructure your insurance plan, never reduce coverage to reduce premium. There have been many situations where an accident victim reduced liability limits or collision coverage to discover at claim time that it was a big error on their part. The ultimate goal is to find the BEST coverage at an affordable rate while not skimping on critical coverages.

Lower-priced BMW 535i insurance in Aurora is possible on the web as well as from independent agents in Aurora, and you should compare rates from both so you have a total pricing picture. Some insurance companies do not offer internet price quotes and these regional insurance providers sell through independent insurance agents.

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