If saving the most money is your goal, then the best way to get affordable BMW 535i insurance in Lincoln is to annually compare prices from different companies that sell auto insurance in Nebraska. Rates can be compared by completing these steps.
- First, take a little time to learn about how companies set rates and the measures you can control to prevent high rates. Many rating factors that cause rate increases like at-fault accidents and a not-so-good credit history can be improved by making lifestyle changes or driving safer.
- Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like Progressive and State Farm, while agents who are independent can provide prices from multiple companies. Start a quote
- Third, compare the new rate quotes to your current policy to determine if you can save on 535i insurance. If you can save money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
An important bit of advice to remember is that you’ll want to compare identical coverage information on each quote request and and to compare as many companies as possible. This ensures an accurate price comparison and a thorough price selection.
It’s hard to fathom, but nearly 70% of drivers renewed their policy with the same company for over three years, and almost 40% of drivers have never compared rates to find affordable insurance. Drivers in Lincoln could save themselves nearly 30% a year by just comparing quotes, but they won’t spend time to find affordable insurance by shopping around.
If you have insurance now, you stand a good chance to be able to find better prices using the tips covered below. These techniques will tell you how auto insurance companies operate and how to save the most money. But Nebraska consumers must know the way insurance companies price online insurance and use it to your advantage.
The easiest way to compare policy rates for BMW 535i insurance in Lincoln is to understand almost all companies actually pay money for the chance to give you rate quotes. All you need to do is provide the companies a bit of rating information such as your job, if a SR-22 is required, how much education you have, and if the vehicle is leased. Your information is submitted instantly to all major companies and they provide comparison quotes quickly.
To compare rates for your BMW 535i now, click here and enter your zip code.
The auto insurance companies shown below can provide price quotes in Lincoln, NE. To find the best car insurance in Lincoln, NE, we suggest you visit as many as you can to find the cheapest auto insurance rates.
Why auto insurance is not optional
Even though it can be expensive, auto insurance may be required for several reasons.
- Almost all states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your BMW, most lenders will require that you buy insurance to guarantee their interest in the vehicle. If the policy lapses, the bank may buy a policy for your BMW at a much higher rate and force you to reimburse them for the expensive policy.
- Insurance protects both your BMW and your assets. Insurance will also pay for most medical and hospital costs incurred in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If damage is caused by hail or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance definitely exceed the cost, particularly if you ever have a claim. An average driver in America is overpaying over $865 each year so shop around once a year at a minimum to help ensure money is not being wasted.
Insurance data for a BMW 535i
The information below showcases different coverage costs for BMW 535i models. Learning a little about how prices are calculated is important for you to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $366 | $600 | $392 | $24 | $118 | $1,500 | $125 |
| 535I xDrive Station Wagon | $366 | $600 | $392 | $24 | $118 | $1,500 | $125 |
| 535I GT 4-Dr Sedan | $366 | $600 | $392 | $24 | $118 | $1,500 | $125 |
| 535I xDrive 4-Dr Sedan | $400 | $600 | $392 | $24 | $118 | $1,534 | $128 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in specific garaging location which can raise or lower auto insurance rates significantly.
Policy deductibles
One common question asked by Lincoln drivers is how high should the physical damage deductibles be. The comparison tables below may aid in understanding the rate fluctuation when you select higher and lower deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| 535I xDrive Station Wagon | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| 535I GT 4-Dr Sedan | $358 | $716 | $300 | $18 | $90 | $1,507 | $126 |
| 535I xDrive 4-Dr Sedan | $390 | $716 | $300 | $18 | $90 | $1,539 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I xDrive Station Wagon | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I GT 4-Dr Sedan | $262 | $484 | $300 | $18 | $90 | $1,154 | $96 |
| 535I xDrive 4-Dr Sedan | $286 | $484 | $300 | $18 | $90 | $1,178 | $98 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in your specific Lincoln location which can revise price quotes considerably.
Using the data above, we can ascertain that using a $100 deductible will cost you approximately $30 more each month or $360 each year averaged for all 535i models than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 13 months between claim filings, you would save more money if you decide on a higher deductible.
Verify you’re getting every discount
Car insurance can cost a lot, but you can get discounts that may help make it more affordable. Larger premium reductions will be automatically applied when you complete an application, but some may not be applied and must be requested specifically before you get the savings.
- Professional Organizations – Affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on your next renewal.
- Discount for Good Grades – Being a good student can earn a discount of 20% or more. The good student discount can last well after school through age 25.
- Auto/Life Discount – If the company offers life insurance, you could get a break if you buy life insurance.
- Early Payment Discounts – By making one initial payment rather than paying in monthly installments you may have a lower total premium amount.
- Defensive Driver Discount – Participating in a defensive driving course could save 5% or more if you qualify.
A little disclaimer on discounts, most credits do not apply to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. Even though it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
The diagram below shows the comparison of BMW 535i auto insurance rates with and without discounts being applied to the rates. The data assumes a male driver, no accidents, no driving violations, Nebraska state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, claim-free, safe-driver, and homeowner discounts applied.
A list of companies and their possible discounts can be found below.
- Farm Bureau may include discounts for safe driver, multi-policy, good student, youthful driver, driver training, renewal discount, and 55 and retired.
- State Farm includes discounts for Drive Safe & Save, Steer Clear safe driver discount, driver’s education, multiple policy, passive restraint, student away at school, and good student.
- Progressive has savings for continuous coverage, online quote discount, multi-policy, good student, online signing, homeowner, and multi-vehicle.
- Allstate may have discounts that include FullPay discount, eSmart discount, good payer, early signing, new car, teenSMART discount, and farm vehicle.
- Nationwide offers discounts for defensive driving, Farm Bureau membership, multi-policy, easy pay, business or organization, anti-theft, and good student.
- MetLife offers premium reductions for good student, good driver, multi-policy, claim-free, defensive driver, and accident-free.
Before buying, ask each company what discounts are available to you. Depending on the company, some discounts may not be available in Lincoln. To view insurers who offer insurance discounts in Lincoln, click here.
Auto insurance agents can help
Many drivers would rather have an agent’s advice and that is just fine! A good thing about getting free rate quotes online is that you can find cheap car insurance rates and still buy from a local agent.
Upon completion of this short form, your insurance data is transmitted to local insurance agents who will gladly provide quotes for your insurance coverage. You never need to contact any insurance agencies because quoted prices will be sent directly to your email. Get lower rates without the usual hassles of price shopping. If you wish to compare rates from a specific company, you would need to go to their quote page and complete a quote there.
Deciding on an insurance company is decision based upon more than just a cheap quote. These are valid questions to ask:
- Are they actively involved in the community?
- Do they have cheaper tiers of coverage?
- What are their preferred companies if they are an independent agency?
- Do they specialize in personal lines coverage in Lincoln?
- Are claim adjusters local or do you have to take your car somewhere else?
- Which insurance company do they prefer to write with?
Below are Lincoln insurers willing to provide price quotes for BMW 535i insurance in Lincoln.
- Davidson Insurance
5101 N 27th St – Lincoln, NE 68521 – (402) 465-1167 – View Map - Copple Insurance Agency, Inc.
1640 L St – Lincoln, NE 68508 – (402) 475-3213 – View Map - American Family Insurance – Ben Bolte Agency Inc
5815 S 58th St Ste A – Lincoln, NE 68516 – (402) 441-4222 – View Map - American Family Insurance – Tim Stewart Agency Inc.
5625 O St Ste 105 – Lincoln, NE 68510 – (402) 489-6211 – View Map
After you get good feedback and a good coverage price, you’ve probably found an insurance company that will adequately provide car insurance.
Which policy gives me the best coverage?
When it comes to buying adequate coverage, there isn’t really a “perfect” insurance plan. Your needs are unique to you so your insurance needs to address that.
For example, these questions can aid in determining if your insurance needs would benefit from professional advice.
- Can my babysitter drive my car?
- Can good grades get a discount?
- I have health insurance so do I need medical payments coverage?
- Is borrowed equipment or tools covered if stolen or damaged?
- Why does it cost so much to insure a teen driver in Lincoln?
- When should I not file a claim?
- Who is covered when they drive my BMW 535i?
- Why am I be forced to buy a membership to get insurance from some companies?
If you can’t answer these questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Persistence will pay off
More affordable car insurance in Lincoln can be bought both online as well as from insurance agents, so you should compare both so you have a total pricing picture. Some car insurance companies may not have internet price quotes and many times these regional insurance providers sell through independent agents.
As you go through the steps to switch your coverage, make sure you don’t reduce coverage to reduce premium. In many cases, someone sacrificed liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost, but don’t skip important coverages to save money.
We just showed you some good ideas how to get a better price on BMW 535i insurance in Lincoln. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your premium rates. You may even find the biggest savings come from some of the smallest insurance companies. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.
Additional car insurance information can be read below:
- Distracted Driving (Insurance Information Institute)
- How Much is Auto Insurance for Welfare Recipients in Lincoln? (FAQ)
- How Much are Auto Insurance Rates for a GMC Acadia in Lincoln? (FAQ)
- Who Has Affordable Lincoln Auto Insurance for Uninsured Drivers? (FAQ)
- Who Has Affordable Auto Insurance for a Toyota Corolla in Lincoln? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Auto Insurance Basics (Insurance Information Institute)