Are you tired of trying to find low-cost BMW 535i insurance in Chicago? If you’re shopping for lower-cost insurance online, are you intimidated by the crazy number of auto insurance sources available to you? Many other drivers are too. People have so many sources to choose from that it can turn into a lot of work to find a cheaper company. Lots of people think Chicago is an awesome place to live, but high auto insurance prices makes it difficult to affordably buy enough coverage.
It’s shocking but nearly 70% of Illinois drivers kept buying from the same company for a minimum of four years, and approximately 38% of consumers have never even shopped around for cheaper coverage. U.S. insurance shoppers can save hundreds of dollars each year by just comparing quotes, but they just don’t understand the large savings they would see if they moved their coverage to a different company.
It is always a good idea to check auto insurance prices as often as possible since insurance prices are adjusted regularly by insurance companies. Even if you think you had the best deal on BMW 535i insurance in Chicago last year there is a good chance you can find better rates now. There is a lot of wrong information about 535i insurance out there, but by reading this article, you’re going to learn some of the best techniques to stop overpaying for insurance in Chicago.
Locating the most cost-effective insurance policy in Chicago is quite easy if you know the best way to do it. If you currently have a car insurance policy, you will definitely be able to get lower rates using the concepts covered in this article. But Illinois consumers must know the methods companies use to sell insurance online because it varies considerably.
Get cheaper BMW 535i insurance rates in Chicago
Auto insurance companies don’t list all possible discounts in an easy-to-find place, so below is a list some of the more common and the more hidden discounts you could be receiving when you buy Chicago car insurance online.
- Government Employee Discount – Active or former government employment can earn a discount up to 10% with some car insurance companies.
- Driver Education Discount – Teen drivers should successfully complete driver’s ed class if it’s offered in school.
- Student Discounts – This discount may save you up to 25%. Most companies allow this discount until age 25.
- Early Switch Discount – Some car insurance companies give discounts for switching companies before your current 535i insurance policy expires. Ten percent is about the average savings.
- College Student Discount – Older children who are enrolled in higher education away from home and do not take a car to college can receive lower rates.
Please keep in mind that most credits do not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though the math looks like it’s possible to get free car insurance, you aren’t that lucky. But all discounts will definitely reduce your policy cost.
Insurance companies that possibly offer these benefits include:
If you are trying to find affordable BMW 535i insurance quotes, ask all companies you are considering which credits you are entitled to. All car insurance discounts may not apply in every state. To choose car insurance companies that offer discounts in Illinois, click this link.
How to compare free Chicago BMW 535i insurance price quotes
When looking for the cheapest BMW 535i rate quotes, there are a couple ways to obtain and compare prices from many different Illinois insurance companies. The quickest method to find competitive BMW 535i insurance rates is to get quotes online.
It’s important to know that having more price comparisons increases the chance that you will find a better price.
The companies shown below can provide price comparisons in Illinois. If multiple companies are shown, it’s a good idea that you get price quotes from several of them to find the most affordable auto insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $132 | $272 | $246 | $14 | $74 | $738 | $62 |
| 535I xDrive Station Wagon | $240 | $512 | $274 | $16 | $82 | $1,124 | $94 |
| 535I GT 4-Dr Sedan | $268 | $642 | $294 | $18 | $88 | $1,310 | $109 |
| 535I xDrive 4-Dr Sedan | $214 | $412 | $274 | $16 | $82 | $998 | $83 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Illinois minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Estimates do not factor in garaging location in Chicago which can affect premiums greatly.
Higher deductibles lower rates
A question often asked by Chicago drivers is at what level do you set your deductibles. The following insurance rates may aid in understanding how much more you’ll pay between low and high comp and collision deductibles. The first table uses a $100 physical damage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $312 | $622 | $262 | $16 | $78 | $1,315 | $110 |
| 535I xDrive Station Wagon | $312 | $622 | $262 | $16 | $78 | $1,315 | $110 |
| 535I GT 4-Dr Sedan | $312 | $622 | $262 | $16 | $78 | $1,315 | $110 |
| 535I xDrive 4-Dr Sedan | $340 | $622 | $262 | $16 | $78 | $1,343 | $112 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $228 | $420 | $262 | $16 | $78 | $1,004 | $84 |
| 535I xDrive Station Wagon | $228 | $420 | $262 | $16 | $78 | $1,004 | $84 |
| 535I GT 4-Dr Sedan | $228 | $420 | $262 | $16 | $78 | $1,004 | $84 |
| 535I xDrive 4-Dr Sedan | $248 | $420 | $262 | $16 | $78 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Table data does not factor in zip code location which can increase or decrease price quotes noticeably.
Based on this data, using a $100 deductible would cost the average driver about $27 more each month or $324 a year than choosing the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally go more than 15 months between claim filings, you would probably save some money by going with a higher deductible.
Neighborhood Chicago auto insurance agents
A lot of people just prefer to talk to a local agent. One of the great benefits of comparing rate quotes online is that drivers can save money and get cheap car insurance rates and still have a local agent.
To make it easy to find an agent, after completing this short form, your information is instantly submitted to participating agents in Chicago who will gladly provide quotes to get your business. There is no need to contact any agents as quotes are delivered immediately to you. You can get cheaper car insurance rates without requiring a lot of work. If you have a need to get a rate quote from a particular provider, you can always visit that company’s website and submit a quote form there.
Picking a insurance company shouldn’t rely on just the premium amount. These are some questions you should get answers to.
- How much can you save by raising your physical damage deductibles?
- Do they receive special compensation for putting your coverage with one company over another?
- Is insurance their full-time profession?
- Is their price quote a firm figure or are their hidden costs?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Is the agent CPCU or CIC certified?
- If you have an accident, will your rates go up?
If you are wanting to purchase car insurance from a reliable agent, there are two types of agencies and how they are slightly different. Agents in Chicago can be categorized as either independent agents or exclusive agents depending on their employer.
Exclusive Agents
Exclusive agents can usually just insure with one company and examples are State Farm, Allstate, and Farm Bureau. Exclusive agents cannot give you multiple price quotes so always compare other rates. These agents are well trained on their company’s products and that allows them to sell at a higher price point. A lot of people buy from exclusive agents primarily because of high brand loyalty and strong financial ratings.
Shown below is a short list of exclusive agencies in Chicago willing to provide price quotes.
- Jim Tom – State Farm Insurance Agent
4317 N Lincoln Ave – Chicago, IL 60618 – (773) 477-3300 – View Map - Mark Yun – State Farm Insurance Agent
223 W Cermak Rd, Fl-2 – Chicago, IL 60616 – (312) 225-8311 – View Map - Vivian Valtas – State Farm Insurance Agent
6108 S Archer Ave – Chicago, IL 60638 – (773) 582-3322 – View Map
Independent Agents
These agents can sell policies from many different companies so they can write business with a variety of different insurance companies and find the cheapest car insurance rates. If they find a lower price, they can switch companies in-house which is easy for the insured.
If you need cheaper car insurance rates, you absolutely need to include several independent agencies in order to compare the most rates. They also have the ability to place coverage with lesser-known insurance companies that can offer cheaper rates than bigger companies.
The following is a short list of independent insurance agencies in Chicago that can give you rate quotes.
- Illinois Vehicle Auto Insurance
100 W. Randolph, Suite C14 – Chicago, IL 60601 – (312) 201-9111 – View Map - Urban Insurance Agency
800 W Huron St #301 – Chicago, IL 60642 – (312) 664-8088 – View Map - Skyline Insurance Agency, Inc.
2302 W Belmont Ave – Chicago, IL 60618 – (773) 525-7500 – View Map
Smart shoppers get results
Consumers leave their current company for many reasons like lack of trust in their agent, unfair underwriting practices, extreme rates for teen drivers and even not issuing a premium refund. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.
As you prepare to switch companies, never reduce needed coverages to save money. Too many times, an accident victim reduced collision coverage and learned later that the savings was not a smart move. Your focus should be to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.
Some insurance providers may not offer online price quotes and most of the time these smaller providers prefer to sell through independent insurance agents. Cost effective BMW 535i insurance is definitely available online in addition to many Chicago insurance agents, and you need to price shop both to have the best rate selection.
Additional car insurance information can be read at the links below
- Vehicle Safety Ratings (iihs.org)
- Who Has the Cheapest Chicago Car Insurance Rates for Business Use? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for High School Students in Chicago? (FAQ)
- How Much is Chicago Auto Insurance for a 20 Year Old Female? (FAQ)
- Who Has Affordable Chicago Car Insurance Quotes for Drivers Over Age 60? (FAQ)
- Who Has Affordable Chicago Auto Insurance Rates for a Learners Permit? (FAQ)
- What Auto Insurance is Cheapest for Teachers in Chicago? (FAQ)
- Who Has Affordable Auto Insurance for Single Moms in Chicago? (FAQ)
- Who Has Affordable Car Insurance Quotes for a GMC Sierra in Chicago? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Property Damage Coverage (Liberty Mutual)
- Help Your Teen Be a Better Driver (State Farm)
- Car Insurance: When not to Skimp (BankRate.com)