Buying Insurance for Your BMW 735il Just Got A Whole Lot Cheaper

No one likes paying for auto insurance, especially knowing the cost is way too high. Companies like State Farm, GEICO and Farmers Insurance persitently shower you with TV and radio ads and it is difficult to sift through the bull and do the work needed to find the best deal.

Don’t pay full price with these discounts

Auto insurance companies don’t always publicize all their discounts very clearly, so here is a list some of the more common as well as the least known auto insurance savings. If you’re not getting every credit possible, you’re just leaving money on the table.

• Anti-lock Brake System – Vehicles equipped with ABS or steering control are safer to drive and will save you 10% or more.
• Driver’s Ed – Require your teen driver to enroll in driver’s education if offered at their school.
• One Accident Forgiven – A handful of insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
• Club Memberships – Belonging to a civic or occupational organization is a good way to get lower rates on your policy for 735il insurance.
• Sign Early and Save – Select companies give a discount for signing up before your current policy expires. It can save you around 10%.
• Homeowners Pay Less – Simply owning a home can save you money because maintaining a house demonstrates responsibility.
• Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
• Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% for 735il insurance with select insurance companies.
• Multiple Vehicles – Having multiple vehicles on one policy may reduce the rate for each vehicle.
• Good Student – A discount for being a good student can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.

It’s important to note that most discount credits are not given the the whole policy. Most only cut specific coverage prices like liability, collision or medical payments. Just because it seems like you can get free auto insurance, you won’t be that lucky.

To choose insurance companies who offer auto insurance discounts, follow this link.

Compare Auto Insurance Today

Finding a better price on auto insurance is a fairly straight forward process. You just need to spend a few minutes to compare quotes online with multiple companies. It is quite easy and can be accomplished in a couple of different ways.

• One of the simplest ways to get the best comparison quotes is to use a rate comparison form like this one (opens in new window). This method prevents you from having to do a different quote to each individual auto insurance company. In just a few minutes this one form will get you rate comparisons instantly.
• A different way to get quotes online consists of going to each company’s website and fill out their own quote form. For examples sake, we’ll assume you want to compare State Farm, Allstate and Liberty Mutual. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why most consumers use the first method.

  To view a list of companies in your area, click here.

Whichever method you choose, make absolute certain that you use exactly the same coverage information for every company. If you use differing limits you can’t possibly determine the best price for your BMW 735il.

BMW 735il rates are in the details

Smart consumers have a good feel for the rating factors that come into play when calculating your auto insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that could result in better auto insurance rates.

The list below includes a partial list of the pieces that factor into premiums.

• Do you need the policy add-ons? – There are a lot of add-on coverages that can waste your money on your 735il policy. Coverages for personal injury protection, accident forgiveness and motor club memberships may be wasting your money. These may sound like a good investment initially, but if you don’t need them eliminate them to save money.
• Increase deductibles and save – Physical damage deductibles represent how much money you are required to spend if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, damage caused by hail, and windstorm damage. The higher the amount you are required to pay out-of-pocket, the lower your rates will be for 735il insurance.
• Rates may be lower depending on your job – Occupations like judges, social workers and financial analysts tend to have higher average rates attributed to high stress and long work days. Conversely, occupations such as farmers, engineers and the unemployed receive lower rates for 735il insurance.
• Safe vehicles cost less to insure – Safer cars are cheaper to insure. Safer cars protect occupants better and better occupant protection translates into savings for insurance companies and thus lower rates. If the BMW 735il has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
• Battle of the sexes – Statistics have proven women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. Women and men tend to get into accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to receive more costly citations like reckless driving and DUI.
• Never let your coverage lapse – Letting your insurance expire will be a fast way to pay more for auto insurance. Not only will you pay more, failure to provide proof of insurance may earn you a steep fine or even jail time.
• Older drivers pay less – More mature drivers tend to be more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Teen drivers are known to be careless and easily distracted when driving therefore auto insurance rates are much higher.

Can switching companies really save?

Drivers constantly see and hear ads for the lowest price auto insurance by companies like Allstate, GEICO and Progressive. They all make the same claim that you’ll save big if you switch to them.

But how can every company say the same thing?

Different companies have a preferred profile for the driver that earns them a profit. An example of a driver they prefer might be profiled as between the ages of 40 and 55, a clean driving record, and chooses high deductibles. A customer getting a price quote who matches those parameters will get the preferred rates and is almost guaranteed to save when switching.

Drivers who are not a match for this ideal profile must pay higher prices which leads to business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can advertise the savings. This illustrates why drivers must compare many company’s rates. It is impossible to predict the company that will have the lowest rates.

Online plus local equals savings

We’ve covered a lot of techniques to reduce BMW 735il insurance prices online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may discover the most savings is with a company that doesn’t do a lot of advertising. Regional companies may only write in your state and offer lower rates as compared to the big name companies such as Progressive and GEICO.

Low-cost BMW 735il insurance can be found both online in addition to many insurance agents, and you should be comparing both to have the best rate selection. A few companies do not provide online price quotes and many times these smaller companies only sell through independent insurance agents.

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped collision coverage only to regret that they should have had better coverage. Your goal should be to buy the best coverage you can find for the lowest price while not skimping on critical coverages.