2017 BMW M4 Insurance Rates – 8 Policy Discounts

Searching for cheaper insurance rates for your BMW M4? There isn’t anyone who enjoys paying for insurance, in particular when they are paying too much.

There are many insurance companies to pick from, and although it’s a good thing to have a choice, it makes it harder to compare company pricing.

Eight discounts to earn cheap auto insurance rates

Car insurance is not cheap, but there could be significant discounts that many people don’t even know exist. Most are applied at quote time, but lesser-known reductions have to be specifically requested prior to getting the savings.

  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts may qualify for discounts up to 30%.
  • Professional Organizations – Joining specific professional or occupational memberships or organizations could qualify you for a break on your next auto insurance statement.
  • Resident Student – Children who are enrolled in a college that is more than 100 miles from home and do not have a car could get you a discount.
  • Discounts for New Vehicles – Buying a new car instead of a used car can get you a discount since new vehicles are generally safer.
  • Pay Early and Save – If you pay your bill all at once instead of paying each month you can avoid monthly service charges.
  • Claim-Free Discount – Drivers with accident-free driving histories get the best auto insurance rates in comparison to bad drivers.
  • Driver’s Ed – Teen drivers should successfully complete driver’s ed class if offered at their school.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less for M4 coverage as compared to drivers with claims.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like it’s possible to get free car insurance, that’s just not realistic.

A few of the larger companies and a summarized list of policyholder discounts are shown below.

  • State Farm offers discounts for safe vehicle, anti-theft, passive restraint, student away at school, and multiple policy.
  • Esurance has savings for claim free, DriveSense, defensive driver, Pac-12 alumni, and renters.
  • Progressive may include discounts for homeowner, multi-vehicle, continuous coverage, multi-policy, online signing, online quote discount, and good student.
  • Liberty Mutual may offer discounts for new move discount, safety features, preferred payment discount, good student, multi-policy, new vehicle discount, and multi-car.
  • Auto-Owners Insurance policyholders can earn discounts including student away at school, paperless, company car, anti-lock brakes, mature driver, and multiple vehicles.
  • Geico discounts include emergency military deployment, defensive driver, multi-policy, good student, and five-year accident-free.

When quoting, ask each company or agent which discounts you qualify for. Discounts may not apply in your area. To locate auto insurance companies that provide some of the discounts listed above, click here.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.

  • Can I afford low physical damage deductibles?
  • Am I covered if I break a side mirror?
  • Why is insurance for a teen driver so high?
  • Should I have combined single limit or split liability limits?
  • I have health insurance so do I need medical payments coverage?
  • Am I missing any policy discounts?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Learn about auto insurance coverages for a 2017 BMW M4

Having a good grasp of a auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages found on the average auto insurance policy.

Liability auto insurance – Liability insurance protects you from injuries or damage you cause to other people or property that is your fault. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as court costs, funeral expenses, bail bonds, repair bills for other people’s vehicles and legal defense fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Collision – This coverage will pay to fix damage to your M4 resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a mailbox, crashing into a ditch, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage – This covers 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 claims like damage from flooding, a broken windshield, hitting a deer, damage from getting keyed and hail damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your BMW M4.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for prosthetic devices, pain medications and rehabilitation expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Saving money is sweet as honey

In this article, we covered a lot of techniques to reduce 2017 BMW M4 insurance prices online. It’s most important to understand that the more you quote auto insurance, the more likely it is that you will get a better rate. Consumers could even find that the lowest prices are with some of the lesser-known companies. They can often insure niche markets at a lower cost compared to the large companies like State Farm, Geico and Nationwide.

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. Too many times, someone dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at an affordable rate.

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