2015 BMW M4 Car Insurance Rates

Finding affordable auto insurance can seem to be difficult for people who are new to shopping for insurance online. Drivers have so many companies to choose from that it can quickly become more work than you anticipated to find lower rates.

How to Get Car Insurance Comparison Quotes

Most major insurance companies like Allstate, Geico and Progressive allow you to get prices directly from their websites. Getting quotes is fairly simple as you simply enter the coverage amounts you desire as requested by the quote form. Once you submit the form, the company’s rating system requests your credit score and driving record and generates pricing information.

This makes it a lot easier to compare rates but the time it takes to visit multiple sites and enter the same data into a form is monotonous and tiresome. But it is imperative to do this in order to find better car insurance pricing.

Quote rates the easy way

A less time-consuming method to find cheaper rates utilizes a single form that obtains quotes from more than one company. It’s a real time-saver, reduces the work, and makes quoting online much easier to do. After sending the form, it is rated and you can choose any or none of the quotes that you receive. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The entire process takes less than 15 minutes and can result in significant savings.

In order to compare rates using this form now, simply click here to open in new window and submit your coverage information. If you have your current policy handy, we recommend you duplicate the coverage information just like they are on your policy. Doing this guarantees you will be getting comparison quotes based on similar coverages.

Save $424 a year. For real?

Allstate, Geico and Progressive regularly use ads in print and on television. All the companies have a common claim that you’ll save big if you move to them. How can each company make the same claim?

All the different companies are able to cherry pick for the driver they prefer to insure. A good example of a preferred risk could be between 30 and 50, has no prior claims, and chooses high deductibles. A customer who fits that profile will get the preferred rates and most likely will save a lot of money.

Consumers who don’t qualify for the “perfect” profile must pay higher prices and ends up with business not being written. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That is how insurance companies can advertise the way they do. This illustrates why drivers should get a wide range of price quotes. Because you never know the company that will give you the biggest savings on BMW M4 insurance.

BMW M4 insurance premiums are calculated by many factors

Smart consumers have a good feel for the different types of things that go into determining insurance rates. Understanding what influences your rates helps enable you to make changes that could result in much lower annual insurance costs.

  • Extra add-on coverages are wasting money – There are many extra coverages that you can get tricked into buying when buying insurance. Coverages like rental car reimbursement, accidental death and additional equipment coverage may be wasting your money. These may sound like a good investment initially, but now you might not need them so get rid of them and save.
  • Where you live can impact rates – Choosing to live in a small town can be a good thing when talking about insurance. City drivers tend to have much more traffic and longer commute times. Fewer people translates into fewer accidents and a lower car theft rate.
  • Choose a safe vehicle and save – Vehicles with good safety scores tend to have better insurance rates. These vehicles result in less severe injuries and fewer injuries means less money paid by your insurance company passed on to you as lower rates. If your BMW M4 is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Discounts for multiple policies – Most insurers give discounts to insureds who have multiple policies with them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. If you currently are using one company, you may still want to compare rates to ensure the best deal.
  • Lower rates come with age – More mature drivers are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers are statistically proven to be more careless when driving and because of this, their insurance rates are much higher.
  • Your credit rating is important – Having a bad credit score is a big factor in calculating your insurance rates. Therefore, if your credit rating is lower than you’d like, you could save money insuring your 2015 BMW M4 by improving your rating. Consumers who have good credit tend to be less risk to insure than drivers who have poor credit.
  • Sex matters – Statistics have proven women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. They both are in accidents at a similar rate, but men cause more damage. Men also get more serious tickets such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and thus pay the highest rates.

Save on 2015 BMW M4 insurance

Companies don’t list all their discounts in an easy-to-find place, so here is a list some of the more common as well as the least known discounts you could be receiving.

  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Discount for Swiching Early – Select companies give a discount for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Memberships – Participating in certain professional organizations could trigger savings on your policy for M4 insurance.
  • No Accidents – Drivers who don’t have accidents can earn big discounts when compared to accident-prone drivers.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Homeowners Discount – Simply owning a home may earn you a small savings because owning a home demonstrates responsibility.
  • Student Driver Training – Require your teen driver to enroll in driver’s education in high school.

Keep in mind that most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you could get a free insurance coverage policy, it just doesn’t work that way.

Car insurance companies that may offer these money-saving discounts may include but are not limited to:

Check with all companies you are considering which discounts you may be entitled to. All car insurance discounts may not apply in your area.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions might point out whether your personal situation may require specific advice.

  • Does my policy pay for OEM or aftermarket parts?
  • Will I be non-renewed for getting a DUI or other conviction?
  • When would I need rental car insurance?
  • Does coverage extend to my business vehicle?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I rent a car in Mexico?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form.

Car insurance 101

Having a good grasp of your auto insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your BMW M4.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverages – Liability coverage can cover damage or injury you incur to other’s property or people. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like funeral expenses, medical expenses and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Comprehensive coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like a tree branch falling on your vehicle, hitting a deer, vandalism and rock chips in glass. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for EMT expenses, chiropractic care, nursing services, surgery and prosthetic devices. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Collision coverages – Collision insurance will pay to fix damage to your M4 resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a building, hitting a parking meter, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Final considerations

Lower-priced 2015 BMW M4 insurance is available both online in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies do not provide online quoting and most of the time these small insurance companies sell through independent agents.

You just read a lot of information how to get a better price on insurance. The key concept to understand is the more price quotes you have, the better likelihood of reducing your rate. You may even discover the lowest priced auto insurance comes from an unexpected company.

When you buy insurance online, do not buy less coverage just to save a little money. There have been many situations where drivers have reduced liability coverage limits only to find out that the few dollars in savings costed them thousands. Your goal should be to find the BEST coverage at the best price while still protecting your assets.

Additional information