Do you want a faster way to compare the cheapest BMW 535i insurance in Nashville? Searching for better insurance prices for your BMW 535i in Tennessee can normally be a painful process, but you can follow a few tricks to save time.
There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the best way to get price quotes for a new or used BMW and find the lowest possible price.
It’s a great practice to get comparison quotes yearly because car insurance prices tend to go up over time. Just because you found the best deal on BMW 535i insurance in Nashville six months ago there is a good chance you can find better rates now. Forget all the misinformation about car insurance because you’re going to learn the best way to save money, get proper coverage and the best rates.
Getting a cheaper price on BMW 535i insurance is surprisingly easy. Just invest a little time comparing rate quotes online from several insurance companies.
The companies in the list below provide quotes in Nashville, TN. To get the cheapest car insurance in Nashville, we suggest you visit two to three different companies to get a more complete price comparison.
Rates and detailed analysis
The premium information displayed next outlines estimates of insurance rates for BMW 535i models. Learning more about how insurance premiums are determined is important for making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 535I 4-Dr Sedan | $188 | $418 | $350 | $20 | $104 | $1,080 | $90 |
| 535I xDrive Station Wagon | $188 | $418 | $350 | $20 | $104 | $1,080 | $90 |
| 535I GT 4-Dr Sedan | $188 | $418 | $350 | $20 | $104 | $1,080 | $90 |
| 535I xDrive 4-Dr Sedan | $204 | $418 | $350 | $20 | $104 | $1,096 | $91 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can raise or lower insurance rates greatly.
Auto insurance rates are higher with tickets and accidents
The example below demonstrates how traffic citations and at-fault claims raise BMW 535i insurance costs for each different age category. The price estimates are based on a single female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
Full coverage or liability only
The example below illustrates the difference between BMW 535i insurance costs with full coverage compared to only the Tennessee minimum liability coverage. The prices are based on no accidents, no driving violations, $1,000 deductibles, single status, and no policy discounts are applied.
When to stop paying for full coverage
There is no exact formula of when to drop full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your BMW 535i replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying the physical damage deductible. If it’s costing in excess of $600 a year to have full coverage, then you might want to consider buying only liability coverage.
There are a few situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Neighborhood Nashville auto insurance agents
Some consumers still like to sit down with an agent and often times that is recommended Insurance agents are trained to spot inefficiencies and help submit paperwork. A good thing about comparing rates online is the fact that drivers can get cheap rate quotes and still have a local agent. Supporting local insurance agents is important especially in Nashville.
After filling out this form (opens in new window), the coverage information is emailed to agents in your area that can provide free Nashville car insurance quotes and help you find cheaper coverage. You won’t even need to contact an agency since rate quotes are delivered immediately to you. If you need to get a rate quote from a specific company, feel free to navigate to their website and submit a quote form there.
The type of car insurance agent you choose is important
When narrowing the list to find a local agent, it’s helpful to know the types of insurance agents that you can select. Agents in Nashville may be either independent agents or exclusive agents depending on their employer. Both do a good job, but it’s good to learn the subtle differences because it can influence the type of agent you choose.
Independent Car Insurance Agencies
Agents that elect to be independent are not limited to a single company and that enables them to quote your coverage with multiple insurance companies and possibly get better coverage at lower prices. If you are not satisfied with one company, they simply move the coverage in-house and you stay with the same agent.
If you need lower rates, you need to include several independent insurance agents so that you have a good selection of quotes to compare. Most can insure with mutual insurance companies that many times have cheaper rates.
Shown below is a short list of independent agents in Nashville that can possibly get you price quote information.
- Manning Agency
104 Woodmont Blvd – Nashville, TN 37205 – (615) 383-6700 – View Map - Affordable Assurance Agency Inc
6202 Charlotte Pike # 1 – Nashville, TN 37209 – (615) 356-6700 – View Map - Fridrich, Pinson and Associates Insurance Agency
3825 Bedford Ave #203 – Nashville, TN 37215 – (615) 327-0105 – View Map
Exclusive Insurance Agencies
Exclusive agencies normally can only provide a single company’s rates and some examples include Farmers Insurance, State Farm, or Allstate. They usually cannot provide other company’s prices so they really need to provide good service. Exclusive insurance agents receive a lot of sales training on sales techniques which helps offset the inability to provide other markets. Many people buy from the same agent for years partially due to loyalty to the company rather than low price.
Listed below is a short list of exclusive insurance agencies in Nashville that can give you price quote information.
- Jerry Matthews – State Farm Insurance Agent
2010 Old Murfreesboro Rd – Nashville, TN 37217 – (615) 361-1516 – View Map - Marc Gant – State Farm Insurance Agent
6601 Sugar Valley Dr #114 – Nashville, TN 37211 – (615) 941-7094 – View Map - Vernon Wells – State Farm Insurance Agent
4704 Nolensville Rd – Nashville, TN 37211 – (615) 833-6333 – View Map
Finding the right auto insurance agent should depend on more than just a cheap price quote. The answers to these questions are important, too.
- How much training do they have in personal risk management?
- Will the agent help in case of a claim?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Is the quote a firm price?
- Are they able to provide referrals?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Tennessee car insurance companies ranked
Buying coverage from the top auto insurance provider can be difficult considering how many different insurance companies sell coverage in Nashville. The information below may help you decide which insurers to look at when comparing rate quotes.
Top 10 Nashville Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+