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...

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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.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Apr 4, 2018

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Trying to find cheaper auto insurance rates for your BMW Z4? There isn’t a single person who loves paying for auto insurance, particularly when they are paying too much.

People have multiple car insurance companies to insure vehicles with, and though it is a good thing to have a selection, it can be more difficult to find the best rates for your vehicles.

Choosing the best insurance company for you is not that difficult. Just about everyone who has to buy car insurance will be able to find lower rates. Nevertheless, car owners should learn how big insurance companies determine prices because it can help you find the best coverage.

How to get free car insurance quotes online

To get the cheapest insurance coverage quotes, there a variety of ways of comparing price quotes from all the different companies. The easiest way by far to find cheaper 2004 BMW Z4 rates is simply to get online rate quotes. This is quite simple and can be completed in a couple minutes as outlined below.

  1. The first (and easiest) way to get quotes would be an industry-wide quote request form click to view form in new window. This quick form eliminates the need for separate quotes for every car insurance company. One form submission gets coverage cost estimates from multiple low-cost companies.
  2. Another way to analyze rates is to take the time to go to the website of each company and go through the quote process again. For examples sake, let’s say you want to compare prices for Nationwide, 21st Century and State Farm. To do that, you would have to spend time going to each site individually and punch in your information repeatedly, which is not fast way to get rate quotes.

    For a list of links to companies insuring cars in your area, click here.

Whichever method you choose, make sure you use the exact same coverage limits on every quote. If your comparisons have different limits and deductibles on each one it’s impossible to decipher which rate is best. Just slight variations in insurance coverages may cause a big price difference. And when comparison shopping, comparing all the rates in your area will increase your chances of finding a better price. Some smaller insurers to not give rate quotes online, so you need to compare price quotes on coverage from those companies, too.

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

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How insurance providers calculate BMW Z4 insurance rates

An important part of buying insurance is that you know some of the factors that play a part in calculating the level of your policy premiums. When you know what positively or negatively determines premiums, this enables you to make decisions that could result in better insurance coverage rates.

  • City traffic equals higher costs – Choosing to live in a small town is a good thing if you are looking for the lowest rates. People who live in big cities have more road rage incidents and more time behind the wheel. Fewer drivers means fewer accidents and a lower car theft rate.
  • Safer cars cost less to insure – Vehicles with high crash test scores get lower rates. Vehicles engineered for safety result in less severe injuries and fewer serious injuries means your insurance company pays less which can mean better rates for you.
  • Companies want multiple policies – Most insurance companies will award lower prices to insureds who carry more than one policy. It’s known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, you may still want to check prices from other companies to ensure the best deal.
  • Don’t buy extra coverages you don’t use – There are a lot of additional coverages that may not really be needed but may not be useful. Coverages for roadside assistance, towing coverage, and membership fees may not be needed and are just wasting money. They may seem good initially, but if you have no use for them remove them and pocket the money.
  • Do you know you’re credit rating? – Your credit score will be a significant factor in determining premium rates. Therefore, if your credit score is low, you could pay less to insure your 2004 BMW Z4 by taking the time to improve your credit score. People that have high credit scores tend to be better risks to insure than those with worse credit.
  • Insurance coverage lapses lead to higher rates – Allowing your coverage to lapse is a guaranteed way to increase your insurance coverage rates. And not only will insurance be more expensive, not being able to provide proof of insurance can result in a steep fine or even jail time. You could then be forced to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Getting married equates to better costs – Having a wife or husband may cut your premiums compared to being single. Having a significant other generally demonstrates drivers are more mature and it’s statistically proven that being married results in fewer claims.

Lower your insurance coverage rates with discounts

Insurance can be prohibitively expensive, but there could be significant discounts that may help make it more affordable. Certain reductions will be credited when you purchase, but some discounts are required to be asked about before you get the savings.

  • Paper-free Discount – A handful of companies will give you a small discount for signing up on the web.
  • Anti-theft System – Cars and trucks with anti-theft systems have a lower chance of being stolen and that can save you a little bit as well.
  • Low Mileage – Keeping the miles down on your BMW may enable drivers to earn better rates on cars that stay parked.
  • Discounts for Good Drivers – Safe drivers can pay as much as 50% less for Z4 insurance as compared to drivers with claims.
  • Active Military Service – Being on active deployment in the military may lower your insurance coverage rates slightly.

You can save money using discounts, but some credits don’t apply to the entire cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

For a list of companies that offer discounts, follow this link.

You are unique and your insurance should be too

When buying proper insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions can aid in determining whether your personal situation might need professional guidance.

  • Do I really need UM/UIM coverage?
  • Do I have coverage if my license is suspended?
  • What is no-fault insurance?
  • Does insurance cover tools stolen from my truck?
  • Am I covered if my car is in a flood?
  • How high should my uninsured/underinsured coverage be in my state?
  • Can I make deliveries for my home business?
  • Do I need to file an SR-22 for a DUI in my state?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

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

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Educate yourself about insurance coverages

Having a good grasp of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

Auto liability insurance

This coverage can cover injuries or damage you cause to a person or their property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.

Liability coverage pays for things like medical expenses, repair costs for stationary objects, legal defense fees and medical services. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Collision insurance

Collision insurance covers damage to your Z4 caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like colliding with a tree, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your 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. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive coverages

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as hitting a bird, rock chips in glass and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses such as dental work, chiropractic care, prosthetic devices and doctor visits. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Smart consumers save more

While you’re price shopping online, never skimp on critical coverages to save a buck or two. There have been many situations where someone sacrificed collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.

Budget-friendly insurance coverage can be sourced on the web in addition to many insurance agents, so you need to quote insurance coverage with both to have the best selection. A few companies may not provide online rate quotes and many times these smaller companies provide coverage only through independent insurance agents.

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