Save on BMW 535i Insurance in Honolulu

The most effective way to find the cheapest price for BMW 535i insurance is to regularly compare prices from companies who provide car insurance in Honolulu.

Step 1: Read about how your policy works and the factors you can control to keep rates low. Many rating criteria that increase rates like inattentive driving and a not-so-good credit score can be eliminated by improving your driving habits or financial responsibility. This article gives ideas to find cheap rates and get discounts that may be available to you.

Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while independent agents can provide prices for many different companies.

Step 3: Compare the price quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your current coverage and submit the required down payment along with the signed application to your new company or agent. Immediately safely store the proof of insurance paperwork in your glove compartment.

An important part of this process is that you’ll want to make sure you compare identical coverages on every price quote and to quote with as many companies as you can. Doing this ensures an accurate price comparison and maximum price selection.

Discount BMW 535i insuranceIt’s an obvious statement that auto insurance companies don’t want you to look at other companies. People who get comparison quotes once a year are likely to switch insurance companies because the odds are good of finding a more affordable policy. A study showed that consumers who made a habit of comparing rate quotes saved $865 annually compared to drivers who didn’t regularly shop around.

If finding budget-friendly BMW 535i insurance is the reason you’re here, then knowing how to quote and compare insurance coverage can make shopping around easier.

Best companies for low-cost BMW 535i insurance in Hawaii

The companies in the list below are ready to provide price comparisons in Honolulu, HI. If more than one company is shown, we recommend you get prices from several of them to find the most affordable auto insurance rates.

BMW 535i coverage statistics

The rate information displayed next highlights different insurance rates for BMW 535i models. Learning more about how prices are formulated is important for making informed decisions when shopping around for a new policy.

BMW 535i Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $288 $580 $272 $16 $82 $1,238 $103
535I xDrive Station Wagon $288 $580 $272 $16 $82 $1,238 $103
535I GT 4-Dr Sedan $288 $580 $272 $16 $82 $1,238 $103
535I xDrive 4-Dr Sedan $314 $580 $272 $16 $82 $1,264 $105
Get Your Own Custom Quote Go

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in vehicle garaging location which can change auto insurance rates considerably.

Higher deductibles save money

One of the hardest decisions when shopping for auto insurance is how high should the deductibles for physical damage be. The data tables below approximate the price difference when you choose different comp and collision deductibles. The first table uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.

BMW 535i insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $316 $632 $264 $16 $80 $1,333 $111
535I xDrive Station Wagon $316 $632 $264 $16 $80 $1,333 $111
535I GT 4-Dr Sedan $316 $632 $264 $16 $80 $1,333 $111
535I xDrive 4-Dr Sedan $346 $632 $264 $16 $80 $1,363 $114
Get Your Own Custom Quote Go

BMW 535i insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
535I 4-Dr Sedan $230 $426 $264 $16 $80 $1,016 $85
535I xDrive Station Wagon $230 $426 $264 $16 $80 $1,016 $85
535I GT 4-Dr Sedan $230 $426 $264 $16 $80 $1,016 $85
535I xDrive 4-Dr Sedan $252 $426 $264 $16 $80 $1,038 $87
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in specific garaging location which can lower or raise coverage prices considerably.

Based on this data, using a $100 deductible costs approximately $26 more each month or $312 annually than buying 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 at a minimum 15 months between claims, you would save money going with the higher deductible.

The chart below shows how different deductible levels and can change BMW 535i insurance costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, and no discounts are factored in.

Does it make sense to buy full coverage?

The example below visualizes the comparison of BMW 535i insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

When to eliminate full coverage

There isn’t a steadfast formula for excluding full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your BMW 535i claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after the deductible is paid. If premium cost is more than $800 a year for full coverage, then you may need to consider dropping full coverage.

There are some conditions where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Educated Choices Result in Lower Insurance Rates

Part of the car insurance buying process is learning some of the things that go into determining your policy premiums. When you understand what determines premiums, this allows you to make good choices that could result in lower premium levels. Many different elements are part of the equation when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but other factors are more obscure such as whether you are married or how safe your car is.

Companies want multiple policies – Most larger companies will award lower prices for people who buy several policies from them, otherwise known as a multi-policy discount. The discount can be ten percent or more. Even with this discount, consumers should still compare other Honolulu 535i insurance rates to verify if the discount is saving money.

Prices go up with performance – The performance level of the car you are buying insurance for makes a substantial difference in determining your rates. The cheapest rates are for lower cost passenger cars, but that’s not the only thing that factors into the final price.

The next chart assumes a single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares BMW 535i policy rates compared to other models that have a range of performance risks.

Never let your policy lapse – Driving with no insurance is against the law and companies may charge more for letting your coverage cancel without a new policy in place. Not only will rates go up, the inability to provide proof of insurance may result in fines or a revoked license.

Teenagers are high risk – Older people have been proven to be more responsible, file fewer claims, and are generally more financially stable. Inexperience drivers are statistically shown to be careless and easily distracted when driving with friends therefore car insurance rates are much higher.

The next chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Long commutes cost more – The more you drive your BMW annually the more you’ll pay to insure it. The majority of insurers apply a rate based upon how the vehicle is primarily used. Autos that have low annual miles qualify for better rates than vehicles that have high annual mileage. An improperly rated 535i may be costing you higher rates. Make sure your policy is rated on how each vehicle is driven, because it can save money.

Pay more by driving carelessly – Getting just one ticket can boost insurance rates by as much as thirty percent. Drivers with clean records get better prices than people who have multiple driving citations. Drivers who have gotten severe tickets like DUI, reckless driving or excessive speeding may find they need to file a proof of financial responsibility form (SR-22) with their state in order to continue driving.

The chart below shows how traffic citations and fender-benders can impact BMW 535i yearly insurance costs for different age groups. The data is based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.

Men pay higher rates – Statistics demonstrate women tend to be less risk to insure than men. This data doesn’t prove that males are worse at driving than females. They both are responsible for accidents at a similar rate, but men cause more damage. They also get more serious tickets such as reckless driving.

The chart below shows the difference between BMW 535i insurance costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, single marital status, and no additional discounts are factored in.

High coverage deductibles cost less – Physical damage deductibles are how much you are required to spend if you file a covered claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of claims that would be covered are collision with another vehicle, damage from fire, and having a roll-over accident. The more expense the insured is willing to pay, the bigger discount you will receive.

Get cheaper BMW 535i insurance in Honolulu with discounts

Insurance can cost an arm and a leg, but there are discounts available that can help lower your rates. Most are applied when you purchase, but a few must be manually applied prior to getting the savings. If you check and find you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.Cheaper insurance with discounts

Please keep in mind that many deductions do not apply to the whole policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, you won’t be that lucky.

The information below shows the difference between BMW 535i yearly insurance costs with and without discounts applied to the policy premium. The premiums assume a female driver, no accidents, no driving violations, Hawaii state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, homeowner, and safe-driver discounts applied.

A few of the larger companies and the discounts they provide are included below.

Check with each company or agent how you can save money. Some discounts might not be available to policyholders in every state. If you would like to view insurers who offer insurance discounts in Honolulu, click here.

Insurance agencies can find coverage gaps

A small number of people would prefer to visit with an insurance agent and that can be a smart move Licensed agents are highly skilled in risk management and help you file claims. One of the best bonuses of comparing rate quotes online is that drivers can save money and get better rates but also keep your business local.

Honolulu insurance agentsAfter completing this simple form, the quote information is emailed to local insurance agents in Honolulu who will return price quotes for your business. You won’t need to leave your computer due to the fact that quote results will go instantly to you. If you need to get a price quote from a particular provider, just go to their quote page and fill out the quote form the provide.

Choosing a insurance company requires more thought than just the bottom line cost. Here are some questions you might want to ask.

Choose an insurance agent wisely

When narrowing the list to find a reliable insurance agency, you need to know there are two different types of agencies that you can choose from. Insurance agencies in Honolulu can either be independent or exclusive depending on the company they work for. Both types of agents can write policy coverage, but it is important to understand the difference between them because it may have an impact on the type of agent you choose.

Exclusive Insurance Agencies

Agents in the exclusive channel normally can only provide a single company’s rates and some examples include State Farm or Allstate. They usually cannot provide prices from multiple companies so they are skilled at selling on more than just price. They are highly trained on their products and sales techniques which aids in selling service over price.

Shown below are Honolulu exclusive insurance agencies willing to provide price quotes.

931 University Ave Ste 108Honolulu, HI 96826(808) 944-1854View Map

677 Ala Moana Blvd Ste 310Honolulu, HI 96813(808) 951-0866View Map

1125 N King St #303Honolulu, HI 96817(808) 254-7028View Map

View more Honolulu agents

Independent Agents

Independent agents do not work for one specific company so they have the ability to put coverage with many different companies enabling the ability to shop coverage around. If prices rise, the business is moved internally without you having to go to a different agency.

When comparing rates, you definitely need to get quotes from at a minimum one independent agency in order to compare the most rates.

Shown below is a list of independent insurance agents in Honolulu that can give you price quote information.

420 Waiakamilo RdHonolulu, HI 96817(808) 527-7667View Map

1100 Alakea St #2600Honolulu, HI 96813(808) 537-1970View Map

1350 S King St #303Honolulu, HI 96814(808) 591-5545View Map

View more Honolulu agents

Once you have received acceptable answers to these questions and an affordable coverage quote, you may have just found an insurance agency that meets your needs to insure your vehicles. Just be aware that you can always cancel a policy at any time so don’t think you are locked into any specific company with no way out.

Which is the best insurance?

Always keep in mind that when comparing your policy, there really isn’t a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect thatDrive safe and save
Here are some questions about coverages that could help you determine if you may require specific advice.

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

Quote. Compare. Save.

When you buy Honolulu car insurance online, make sure you don’t skimp on critical coverages to save a buck or two. In too many instances, an insured cut full coverage only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to purchase plenty of coverage at the best possible price, but do not skimp to save money.

In this article, we presented quite a bit of information on how to compare BMW 535i insurance premium rates in Honolulu. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding cheaper Honolulu car insurance quotes. Drivers may even discover the lowest premium rates are with the smaller companies. They can often insure niche markets at a lower cost than their larger competitors like Progressive and GEICO.

Additional information is available on the following sites: