9 Simple Tricks to Slash BMW 535i Insurance Rates in Las Vegas

No one in their right mind looks forward to buying car insurance, especially when the price is too high.

Popular companies such as GEICO, Progressive and Allstate all claim big savings with fancy advertisements and it is challenging if not impossible to see past the corporate glitz and find the best price available.

Compare Quotes for Las Vegas Car Insurance

There are a lot of ways to shop for car insurance, but there is one way that is easier and takes less work. You could spend the better part of a day talking to local insurance agents in Las Vegas, or you can stay home and use online quotes to get rate comparisons in just a few minutes.

Most of the larger companies are enrolled in a marketplace where insurance shoppers submit one quote, and every company provides a quote determined by their information. This prevents consumers from doing repetitive form submissions for each company you want a rate for. To find out how much you’re overpaying now click here to start a free quote.

One minor caviat to comparing rates this way is that consumers can’t choose which insurance companies to get pricing from. If you prefer to choose individual companies for rate comparison, we have a listing of low cost car insurance companies in Nevada. Click here for list of insurance companies in Nevada.

Whichever way you use, make darn sure you compare exactly the same coverages and limits for every quote you compare. If you are comparing different liability limits you can’t possibly make a fair comparison for your BMW 535i in Las Vegas. Slightly different insurance coverages can result in a big premium difference. And when comparing car insurance rates, know that having more price comparisons gives you a better chance of getting a lower rate.

Don’t miss out on these nine money-saving discounts

Companies offering auto insurance don’t always advertise every available discount in a way that’s easy to find, so we break down some of the best known and the more hidden discounts you could be receiving.

Senior Discount – Mature drivers may qualify for reduced rates for 535i coverage.
Drive Less and Save – Low mileage vehicles can earn a substantially lower rate.
Memberships – Participating in certain professional organizations could trigger savings when shopping for car insurance for 535i coverage.
Payment Method – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
Discount for Good Grades – This discount can save 20 to 25%. Earning this discount can benefit you until age 25.
Federal Employees – Active or retired federal employment can earn a discount up to 10% for 535i coverage depending on your company.
Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
Passive Restraints and Air Bags – Vehicles with factory air bags may earn rate discounts of more than 20%.
Drive Safe and Save – Safe drivers can pay as much as 50% less for 535i coverage than drivers with accident claims.

A little note about advertised discounts, some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, car insurance companies aren’t that generous.

To choose companies with the best car insurance discounts in Las Vegas, follow this link.

Do I need special coverages?

When it comes to buying the best car insurance coverage for your vehicles, there really is no “best” method to buy coverage. Every insured’s situation is different and your policy should reflect that. These are some specific questions may help you determine if you would benefit from professional advice.

Do I have coverage for damage caused while driving under the influence?
Can I still get insurance after a DUI?
When should I remove comp and collision on my BMW 535i?
Am I covered when renting a car or should I buy coverage from the car rental agency?
Will my vehicle be repaired with OEM or aftermarket parts?
Is Nevada a no-fault state?
Do I need higher deductibles?
Am I covered if I wreck a rental car?
Can I pay claims out-of-pocket if I buy high deductibles?
How high should my medical payments coverage be?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverage basics

Having a good grasp of a car insurance policy aids in choosing the best coverages and proper limits and deductibles. Car insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverage types available from car insurance companies.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like ambulance fees, dental work and surgery. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not universally available and may carry a deductible

Liability car insurance

This coverage provides protection from damage that occurs to a person or their property in an accident. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for things like repair bills for other people’s vehicles, attorney fees and structural damage. How much liability should you purchase? That is your choice, but you should buy higher limits if possible. Nevada state minimum liability requirements are 15,000/30,000/10,000 but drivers should carry more liability than the minimum.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a deer, hail damage and theft. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your BMW 535i.

Since many Nevada drivers have only the minimum liability required by law (which is 15/30/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for collisions

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, colliding with a tree, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Even more information is located at the Nevada Division of Insurance website. Nevada drivers can find out which companies have the most complaints, read industry bulletins, file complaints about an insurance agent or broker, and view agent and company licensing information.

The following information may also be useful.

More quotes mean more savings

We just presented some good ideas how you can compare BMW 535i insurance prices online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from some of the smallest insurance companies. Smaller companies often have lower prices on specific markets than their larger competitors like Allstate or State Farm.

Discount BMW 535i insurance can be purchased on the web and with local Las Vegas insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.