2014 BMW Z4 Insurance Quotes – 8 Savings Tips

Are you sick and tired of being strong-armed each month for car insurance? You are no different than many other drivers. Numerous car insurance companies battle for your business, and it can be difficult to compare rates to discover the definitive cheapest price

Auto Insurance Prices Online

Finding cheaper 2014 BMW Z4 auto insurance prices is surprisingly easy. Drivers just need to take the time to compare rate quotes from different insurance companies. This can be accomplished in several different ways.

  1. The fastest way consumers can analyze rates is a comparison rater form like this one (opens in new window). This easy form eliminates the need for separate forms for each company. In just a few minutes this one form will return price quotes from many national carriers.
  2. A more difficult way to analyze rates consists of going to each individual company website and complete a new quote form. For example, we’ll assume you want rates from Progressive, Allstate and Farmers. You would have to spend time on each company’s site to input your insurance information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
  3. The hardest method to get comparison rates is to spend time driving to different agent offices. Shopping for auto insurance online has reduced the need for local agents unless you want the professional guidance of a local agent. Drivers can compare the best prices online and get advice from an agent in your area and we’ll cover that in a bit.

It’s your choice how you get your quotes, but ensure you’re using apples-to-apples deductibles and coverage limits with each company. If you are comparing mixed coverages it’s not possible to truly determine the lowest rate.

Ads can be misleading

Consumers get pounded daily by advertisements that promise big savings from companies such as Progressive, Geico, Allstate and State Farm. They all seem to make an identical promise that you can save if you switch your policy.

How can each company make the same claim? This is how they do it.

Different companies have a preferred profile for the type of customer that makes them money. For example, a preferred risk could possibly be between 25 and 40, has no tickets, and drives newer vehicles. A customer that hits that “sweet spot” receives the best rates and is almost guaranteed to save when switching.

Drivers who don’t meet the requirements will be charged more money which leads to business not being written. The ads say “drivers who switch” but not “drivers who get quotes” save money. That’s the way companies can truthfully state the savings.

That is why drivers should compare many company’s rates. It’s impossible to know which company will provide you with the cheapest BMW Z4 insurance rates.

Don’t pay full price with these eight discounts

The price of auto insurance can be rather high, but there are discounts available to cut the cost considerably. Some discounts apply automatically at the time of purchase, but some may not be applied and must be inquired about in order for you to get them. If you don’t get every credit you deserve, you are throwing money away.

  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Clubs and Organizations – Affiliation with a qualifying organization may earn a discount when shopping for insurance coverage for Z4 insurance.
  • Life Insurance – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Z4 insurance.
  • Bundle and Save – If you have multiple policies with one insurance company you could get a discount of at least 10% off all policies.
  • Seat Belts Save – Requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Passive Restraints and Air Bags – Factory air bags can receive discounts of up to 25% or more.
  • Sign Online – A handful of insurance companies will give a small break for buying a policy and signing up on their website.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way. Any amount of discount will bring down the amount you have to pay.

To see a list of insurance companies with discount insurance coverage rates, click this link.

Your personal situation dictates your coverage

When it comes to buying coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.

  • Do I benefit by insuring my home with the same company?
  • Are my tools covered if they get stolen from my vehicle?
  • What is medical payments coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need roadside assistance coverage?
  • What is the rate difference between pleasure use and commuting?
  • Does my medical payments coverage pay my health insurance deductible?
  • Does car insurance cover theft of personal property?
  • What is the difference between comprehensive and collision coverage?

If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and may give you better protection.

Specifics of your auto insurance policy

Having a good grasp of a auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types available from auto insurance companies.

Auto liability

This coverage protects you from damages or injuries you inflict on other people or property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as legal defense fees, emergency aid and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision protection

This will pay to fix damage to your Z4 caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like scraping a guard rail, damaging your car on a curb, sustaining damage from a pot hole, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for immediate expenses for things like dental work, pain medications, doctor visits and X-ray expenses. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive auto insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like theft, damage from a tornado or hurricane, damage from flooding and rock chips in glass. The most a auto 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 it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your BMW Z4.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages are set the same as your liablity limits.

More effort can pay off

When you buy insurance online, never reduce coverage to reduce premium. In many cases, someone dropped full coverage and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy a smart amount of coverage at a price you can afford.

Cheaper 2014 BMW Z4 insurance can be bought from both online companies in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some auto insurance companies do not provide online quoting and most of the time these small, regional companies sell through independent agents.

More learning opportunities