Discount BMW 535i insuranceHow long has it been since you compared quotes for cheaper BMW 535i insurance in Colorado Springs? Having to pay for pricey insurance in Colorado Springs can dry up your savings and possibly require you to analyze your spending habits. Comparing rates annually is a smart way to make ends meet.

A study showed that a large majority of drivers have purchased from the same company for four years or more, and virtually 40% of consumers have never even compared rates from other companies. The average driver in America can save nearly 46.5% each year just by shopping around, but they just don't want to compare rates and save money. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with ad campaigns and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.

Finding cheaper Colorado Springs auto insurance quotes is an easy way to save money. You just have to take a couple of minutes to get quotes from some recommended companies.

Getting free rates online is quite simple, and it makes it a waste of time to drive around to and from local Colorado Springs insurance agencies. Comparing BMW 535i insurance rate quotes online has reduced the need for local agents unless you're the type of person who wants the trained guidance of a licensed agent. Drivers can comparison shop online and still use a local agent.

The companies shown below can provide price quotes in Colorado Springs, CO. If several companies are displayed, we suggest you click on several of them in order to find the lowest rates.

BMW 535i Insurance Rate Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $238 $482 $338 $20 $100 $1,178 $98
535I xDrive Station Wagon $340 $696 $474 $28 $142 $1,680 $140
535I GT 4-Dr Sedan $278 $520 $362 $22 $108 $1,290 $108
535I xDrive 4-Dr Sedan $260 $482 $338 $20 $100 $1,200 $100
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in garaging location in Colorado Springs which can decrease or increase insurance rates considerably.

Careless driving habits raise auto insurance rates

The illustration below shows how traffic citations and fender-benders drive up BMW 535i auto insurance costs for different age categories. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied.

Auto insurance deductibles

One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The figures shown below show the differences in premium rates when you buy lower versus higher comp and collision deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second set of rates uses a $500 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
Get Your Own Custom Quote Go
BMW 535i insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $306 $566 $352 $20 $106 $1,350 $113
535I xDrive Station Wagon $306 $566 $352 $20 $106 $1,350 $113
535I GT 4-Dr Sedan $306 $566 $352 $20 $106 $1,350 $113
535I xDrive 4-Dr Sedan $334 $566 $352 $20 $106 $1,378 $115
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in specific Colorado Springs garaging location which can modify coverage rates substantially.

We can derive from the above data that using a $100 deductible will cost you roughly $34 more each month or $408 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 12 months between claims, you would probably come out ahead going with the higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $148
Average monthly premium for $500 deductibles (subtract): - $114
Monthly savings from raising deductible: $34
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 12 months

Physical damage deductible comparison

The example below shows how different deductible levels and can change BMW 535i insurance prices for different age groups of insureds. The information is based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

Car insurance policy discounts for BMW 535i insurance in Colorado Springs

Some insurance providers don't always publicize all their discounts in an easy-to-find place, so here is a list some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Colorado Springs car insurance online.Car insurance discounts

Policy discounts save money, but most credits do not apply the the whole policy. Most cut the cost of specific coverages such as comprehensive or collision. Even though it appears you would end up receiving a 100% discount, it just doesn't work that way. Any amount of discount will positively reduce your policy premiums.

A few companies who might offer most of the discounts above are:

If you want affordable Colorado Springs car insurance quotes, ask each company or agent which discounts they offer. Some discounts listed above might not be offered in Colorado Springs.

Choosing the best vehicle insurance in Colorado is an important decision

Despite the high insurance cost for a BMW 535i in Colorado Springs, auto insurance serves several important purposes.

First, the majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to drive the car. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you have a lien on your car, it's most likely the lender will make it a condition of the loan that you have insurance to ensure they get paid if you total the vehicle. If coverage lapses or is cancelled, the bank or lender will purchase a policy for your BMW at a more expensive rate and force you to reimburse them much more than you were paying before.

Third, insurance safeguards not only your vehicle but also your assets. It also can pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if anyone sues you for causing an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to repair the damage.

The benefits of insuring your 535i greatly outweigh the cost, particularly when you have a large claim. Unknowingly, the average driver is wasting up to $869 every year so we recommend shopping around every year to save money.

Car insurance can be complex

When choosing the right insurance coverage for your vehicles, there really isn't a perfect coverage plan. Each situation is unique and a cookie cutter policy won't apply.Higher deductibles save money These are some specific questions might point out whether your personal situation will benefit from professional help.

If you can't answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don't have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It's fast, doesn't cost anything and you can get the answers you need.

Auto insurance is available from local agents

Many people still like to have an agent's advice and that is not a bad decision Experienced insurance agents are trained risk managers and help submit paperwork. One of the best bonuses of price shopping on the web is that drivers can save money and get better rates and still have a local agent.

Insurance agents in Colorado SpringsFor easy comparison, once you complete this form (opens in new window), your insurance data is emailed to insurance agents in Colorado Springs who want to provide quotes to get your business. You won't even need to find an agent on your own since price quotes are sent to your email. If you want to compare rates from a specific insurance company, don't hesitate to go to their quote page and give them your coverage information.

Choosing the best provider needs to be determined by more than just a cheap price quote. The questions below may impact your decision as well.

Multiple types of car insurance agents in Colorado Springs

If you are wanting to purchase auto insurance from a reputable insurance agent or broker, it's helpful to know the different types of agencies and how they function. Auto insurance agents can be classified as either exclusive or independent. Both types of agents can write policy coverage, but it's worth learning why they differ since it may influence the kind of agent you use.

Exclusive Auto Insurance Agents

Exclusive agencies generally can only insure with one company like State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so it's a take it or leave it situation. Exclusive agents are well trained in insurance sales which helps them sell on service rather than price.

The following is a list of exclusive agencies in Colorado Springs that are able to give comparison quotes.

308 W Fillmore St #106 - Colorado Springs, CO 80907 - (719) 632-5433 - View Map

1311 E Fillmore St - Colorado Springs, CO 80907 - (719) 473-3600 - View Map

Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map

View more Colorado Springs agents

Independent Agencies or Brokers

Agents that elect to be independent are not limited to a single company and that allows them to write policies with many different companies and find you the best rates. If you are not satisfied with one company, an independent agent can move your coverage and you can keep the same agent. When shopping rates, you should always get quotes from a couple of independent agencies to get the most accurate price comparison.

The following is a short list of independent agents in Colorado Springs who can help you get rate quotes.

3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map

1863 N Circle Dr - Colorado Springs, CO 80909 - (719) 667-1301 - View Map

2306 N Powers Blvd #120 - Colorado Springs, CO 80915 - (719) 591-4500 - View Map

View more Colorado Springs agents