Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Oct 6, 2015

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Have you finally had enough of paying out the nose to keep your car insured? You are no different than many other drivers.

Many car insurance companies vie for your business, so it can be very hard to choose a company to find the absolute best price available.

Compare insurance coverage quotes online

Performing a rate comparison can be exhausting if you don’t understand the best way to get rate quotes. You could spend your day discussing policy coverages with insurance companies in your area, or you could use online quotes to achieve your goal.

Most of the best insurance companies participate in an industry program that enables customers to complete one form, and at least one company returns a competitive quote based on the submitted data. This system prevents you from having to do form submissions to each company. To submit your quote information now, click here to open in new window.

One minor caviat to comparing rates this way is buyers cannot specifically choose which carriers you will receive quotes from. If you prefer to choose specific insurance companies to compare prices, we have assembled a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just try to use apples-to-apples deductibles and coverage limits for every company. If you enter differing limits it will be next to impossible to make a fair comparison for your BMW Z4. Even a minor difference in insurance coverages or limits can make a big difference in price. And when price shopping your coverage, getting more free quotes helps increase your odds of locating the best price. Some insurance companies are not set up to provide online rate quotes, so you also need to get prices on coverage from those companies, too.

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Car insurance myths debunked

Popular car insurance providers such as Allstate and Progressive seem to constantly run ads on television and other media. All the ads convey the message about how much you will save if you move to their company. How do they all give you a lower rate? Here is how they do it.

Companies have a preferred profile for the type of customer that makes them money. For instance, a profitable customer might be described as between the ages of 30 and 45, has other policies, and drives less than 5,000 miles a year. Someone that hits that “sweet spot” will get a cheap rate quote and is almost guaranteed to cut their rates substantially.

Consumers who cannot meet these stringent criteria may receive higher rates which leads to the customer buying from someone else. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” save money. That is how insurance companies can confidently advertise the savings.

That is why it is so important to compare free insurance quotes often. Because you cannot predict the company that will have the best premium rates at this point in time.

Verify you’re getting every discount

Insurance can cost an arm and a leg, but you might already qualify for some discounts to help offset the cost. Some discounts will apply at the time you complete a quote, but lesser-known reductions have to be specifically requested before being credited. If you don’t get every credit possible, you are paying more than you should be.

  • Low Mileage Discounts – Keeping the miles down on your BMW could earn lower premium rates on the low mileage vehicles.
  • Payment Discounts – If paying your policy premium upfront as opposed to paying monthly you could save 5% or more.
  • Auto/Home Discount – If you can combine your homeowners and auto policy and insure them with the same company you could earn a discount of at least 10 to 15 percent or more.
  • Driver Education Discount – Have your child enroll in driver’s education if it’s offered in school.
  • Military Discounts – Being on active duty in the military could be rewarded with lower rates.
  • Renewal Discounts – Some larger companies provide a discount for signing up prior to the expiration date on your current policy. You may see this discount when you get insurance quotes online.
  • More Vehicles More Savings – Insuring multiple vehicles on a single policy could earn a price break for each car.
  • College Student – who are attending college and do not have access to a covered vehicle may qualify for this discount.
  • Accident Forgiveness – Not necessarily a discount, but companies like State Farm and GEICO will let one accident slide before hitting you with a surcharge so long as you are claim-free prior to being involved in the accident.
  • Safety Course Discount – Taking time to complete a course teaching driver safety skills may get you a small discount and make you a better driver.

It’s important to note that most discounts do not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

Some of the larger companies that may offer policyholders these discounts include:

Check with all companies you are considering which discounts you qualify for. Depending on the company, some discounts might not be available to policyholders in your area.

When should I discuss my situation with an agent?

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique so your insurance should reflect that These are some specific questions may help highlight whether you might need an agent’s assistance.

  • Am I covered if I hit my neighbor’s mailbox?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I have newly-aquired coverage?
  • I don’t drive much so do I pay less?
  • Am I better off with higher deductibles on my 2003 BMW Z4?
  • Do I need higher collision deductibles?
  • Is business equipment covered while in my vehicle?
  • Is my nanny covered when driving my vehicle?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Specific coverage details

Learning about specific coverages of car insurance helps when choosing the right coverages for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by car insurance companies.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for immediate expenses like EMT expenses, doctor visits, pain medications and funeral costs. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like damage from getting keyed, fire damage and theft. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage

This coverage will pay to fix damage to your Z4 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as rolling your car, colliding with another moving vehicle, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Liability coverages

This coverage provides protection from damages or injuries you inflict on other people or property that is your fault. It protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things such as emergency aid, repair costs for stationary objects, repair bills for other people’s vehicles and loss of income. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your BMW Z4.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Final considerations

While you’re price shopping online, you should never skimp on coverage in order to save money. In many cases, someone dropped uninsured motorist or liability limits to discover at claim time that it was a big error on their part. The ultimate goal is to get the best coverage possible for the lowest cost.

Throughout this article, we presented a lot of tips how to reduce 2003 BMW Z4 insurance prices online. It’s most important to understand that the more rate quotes you have, the higher your chance of finding the cheapest insurance. You may be surprised to find that the lowest priced car insurance comes from a lesser-known regional company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

Even more information is located in the articles below: