Cheapest BMW 535i Insurance in Baltimore

Discount BMW 535i insuranceIt’s a fact that auto insurance companies don’t want you quoting rates from other companies. Insureds who shop around at least once a year are inclined to buy a new policy because there is a good chance of finding better rates. A study showed that consumers who make a habit of shopping around saved $865 a year compared to people who never shopped for cheaper rates.

If finding budget-friendly BMW 535i insurance is your ultimate objective, learning how to shop for insurance premiums can help you succeed in finding affordable rates.

The easiest way to save money on BMW 535i insurance in Baltimore is to do an annual price comparison from providers who sell insurance in Maryland.

A tip to remember is that you use the same amount of coverage on each price quote and and to get rates from as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and plenty of rates choose from.

When shopping for affordable BMW 535i insurance quotes, there are a couple of ways to compare quotes from local Baltimore car insurance companies. The simplest method to find competitive insurance rates is to get quotes online.

When quoting car insurance, remember that getting more free quotes helps improve the odds of finding lower pricing. Some regional insurers cannot provide price estimates online, so you also need to get quotes from them as well.

The providers in the list below offer comparison quotes in Maryland. If multiple companies are listed, we suggest you compare several of them to find the lowest auto insurance rates.

BMW 535i detailed coverage information

The premium information shown next outlines a range of insurance coverage prices for BMW 535i models. Having insight into how policy premiums are formulated can help you make smart choices when buying a car insurance policy.

BMW 535i Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $496 $812 $532 $32 $160 $2,032 $169
535I xDrive Station Wagon $496 $812 $532 $32 $160 $2,032 $169
535I GT 4-Dr Sedan $496 $812 $532 $32 $160 $2,032 $169
535I xDrive 4-Dr Sedan $542 $812 $532 $32 $160 $2,078 $173
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in garaging location in Baltimore which can influence prices significantly.

The diagram below highlights how deductible selection and can affect BMW 535i premium costs for different insured age categories. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Car insurance rates by gender and age

The diagram below compares BMW 535i insurance rates for male and female drivers. The information is based on no violations or claims, comp and collision included, $500 deductibles, drivers are single, and no policy discounts are applied.

Cost of full coverage in Baltimore

The example below shows the comparison of BMW 535i car insurance rates when comparing full coverage to liability only. The prices are based on no claims or driving citations, $250 deductibles, drivers are single, and no other discounts are factored in.

Should you pay for full coverage?

There isn’t a steadfast formula to stop buying comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your BMW 535i replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after paying your deductible. If you are paying more than $800 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.

Auto insurance discounts help lower rates for BMW 535i insurance in Baltimore

Buying auto insurance is not cheap, but there could be available discounts that can drop the cost substantially. Most are applied at the time of purchase, but once in a while a discount must be inquired about prior to receiving the credit. If you aren’t receiving every discount possible, you’re paying more than you need to.Cheaper auto insurance with discounts

Drivers should understand that many deductions do not apply to the overall cost of the policy. Most cut specific coverage prices like medical payments or collision. Even though the math looks like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The example below shows the difference between BMW 535i insurance costs with and without some available policy discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-car, homeowner, marriage, and multi-policy discounts applied.

If you would like to see a list of companies that provide some of the discounts listed above in Baltimore, click here.

Buying the right BMW vehicle insurance in Maryland is an important decision

Even though it’s not necessarily cheap to insure a BMW in Baltimore, buying auto insurance is required for several reasons.

The benefits of insuring your car definitely exceed the price paid, especially for larger claims. As of last year, the average driver in Maryland is overpaying over $810 a year so shop around every year to ensure rates are inline.

Best car insurance company in Maryland

Choosing a high-quality car insurance provider can be a challenge considering how many choices you have in Maryland. The ranking information displayed below could help you choose which auto insurance companies to look at purchasing a policy from.

Top 10 Baltimore Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Will just any policy work for me?

When quoting and comparing the best insurance coverage, there really is no perfect coverage plan. Everyone’s situation is unique.Higher deductibles save money

For instance, these questions can aid in determining if your insurance needs would benefit from an agent’s advice.

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form.

You may need advice from an insurance agency

Some consumers still prefer to sit down with an agent and that is OK! An additional benefit of comparing rate quotes online is you may find cheap rate quotes and still buy from a local agent.

By using this form (opens in new window), your insurance coverage information is transmitted to companies in Baltimore that provide free Baltimore car insurance quotes and help you find cheaper coverage. It’s much easier because you don’t need to find an agent on your own because prices are sent to you directly. It’s the lowest rates and an insurance agent to talk to. If for some reason you want to get a comparison quote for a specific company, feel free to jump over to their website and fill out their quote form.

Finding the right insurer requires more thought than just a cheap quote. Before buying a policy in Baltimore, get answers to these questions.

The type of auto insurance agent you choose is important

When finding a good insurance agency, you need to know there are two different types of agencies and how they function. Car insurance agencies may be either exclusive or independent (non-exclusive).

Exclusive Car Insurance Agencies

Agents that elect to be exclusive can only place business with one company and examples are AAA, Allstate, and State Farm. Exclusive agents cannot give you multiple price quotes so keep that in mind. Exclusive insurance agents are very knowledgeable on their company’s products and that enables them to sell even at higher rates. Many people buy from the same agent for years mainly due to loyalty to the company and solid financial strength.

Listed below is a short list of exclusive insurance agents in Baltimore who may provide you with comparison quotes.

View more Baltimore agents

Independent Agents

These type of agents do not write with just one company so they can insure your vehicles through many companies enabling the ability to shop coverage around. If premiums increase, they can switch companies in-house which is easy for the insured. When comparing rates, you definitely need to get insurance quotes from a couple of independent agencies to have the most options to choose from. Most can insure with mutual insurance companies that many times have cheaper rates.

The following are Baltimore independent agencies that can give you rate quotes.

View more Baltimore agents

After receiving acceptable answers and locked in a price quote, you may have found an insurance agent that will adequately provide car insurance. Just understand that policyholders can cancel a policy whenever you choose to so never feel that you’re stuck with any specific agency for a certain time period.