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: Oct 24, 2018

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Do you think you bought an expensive insurance coverage policy? Say no more because many consumers are in the same pinch. Companies like Allstate and Progressive all claim big savings with ads and it is difficult to not get sucked in by the cute commercials and find the best price available.

You should take the time to take a look at other company’s rates periodically because prices go up and down regularly. Even if you think you had the lowest rates on Z4 insurance a couple years back the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about insurance coverage because you’re about to learn one of the easiest ways to find great coverage at a great price.

How much is auto insurance?

There are a variety of methods to compare auto insurance quotes, but some are less time-consuming than others. You can waste a few hours (or days) talking to agents in your area, or you can stay home and use the internet to get rate comparisons in just a few minutes.

Most car insurance companies enroll in a system where insurance shoppers submit one quote, and each participating company provides a quote for coverage. This eliminates the need for repetitive form submissions to each individual auto insurance company.

To find out how much you can save on auto insurance click here to start a free quote.

One minor caviat to pricing coverage this way is you can’t choose the providers you will receive quotes from. So if you prefer to choose individual companies for rate comparison, we have assembled a list of auto insurance companies in your area. Click here for list of insurance companies.

However you get your quotes, make sure you compare nearly identical coverages and limits for every quote you compare. If you are comparing different coverage information it’s impossible to make a fair rate comparison.

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

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Discounts for lower-cost insurance rates

Car insurance is not cheap, but there’s a good chance there are discounts that you may not know about. Some discounts will apply at quote time, but a few must be requested specifically in order for you to get them. If you’re not getting every credit you deserve, you are not getting the best rate possible.

  • Multi-Vehicle Discounts – Buying insurance for primary and secondary vehicles on the same insurance policy may reduce the rate for each vehicle.
  • Theft Deterent – Cars and trucks that have factory anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
  • Safe Driver Discounts – Safe drivers can pay as much as 50% less on Z4 insurance than drivers with accidents.
  • Safety Restraint Discount – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off PIP or medical payments premium.
  • Paperwork-free – Some companies will give a small break just for signing your application on the web.
  • Lower Rates for Military – Having a family member in the military can result in better insurance rates.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount should definitely cut your policy premiums.

Companies and their offered discounts can be found below.

  • State Farm includes discounts for passive restraint, good student, anti-theft, accident-free, and driver’s education.
  • GEICO may offer discounts for anti-theft, five-year accident-free, air bags, membership and employees, driver training, and federal employee.
  • Liberty Mutual has discounts for newly retired, good student, multi-car, teen driver discount, new move discount, and new graduate.
  • The Hartford may have discounts that include bundle, defensive driver, driver training, good student, and anti-theft.
  • MetLife discounts include accident-free, good student, multi-policy, good driver, and claim-free.
  • Progressive has savings for good student, homeowner, multi-policy, multi-vehicle, online signing, online quote discount, and continuous coverage.

If you need the cheapest insurance quotes, ask each insurance company how many discounts you can get. Some discounts might not apply in your state. If you would like to see a list of insurance companies that offer multiple discounts, follow this link.

The BMW Z4 insurance premium equation

Many different elements are considered when pricing auto insurance. Some are obvious such as traffic violations, but some are more obscure like where you live or how safe your car is.

The following are some of the items used by companies to determine your rate level.

  • Cars with good safety ratings lower prices – Vehicles with high crash test scores get lower rates. Safer cars result in less severe injuries and fewer serious injuries translates into fewer and smaller insurance claims which can mean better rates for you.
  • Always keep your coverage in place – Having a lapse in insurance coverage is a guaranteed way to pay more for insurance. Not only will you pay higher rates, getting caught without coverage may result in fines and jail time.
  • What are your physical damage deductibles? – Physical damage protection, also called ‘full coverage’, covers your vehicle from damage. Some examples of claims that would be covered are a broken side mirror, vandalism, and having your car stolen. The deductibles tell how much you are required to pay if you file a covered claim. The higher the amount you have to pay, the lower your rates will be on Z4 insurance.
  • Gals pay lower rates – Statistics have proven females are less aggressive when driving. The data does not necessarily mean that females are better at driving than males. Both sexes are in accidents in similar percentages, but men have accidents that have higher claims. Men also statistically get cited for more serious violations such as DWI and reckless driving. Young men ages 16 to 20 generally have the highest accident percentage so they pay the highest premiums.
  • Consolidate policies and save money – The majority of insurance companies allow a discount for people that have more than one policy such as combining an auto and homeowners policy. If you currently are using one company, drivers will still want to compare other insurance prices to verify if the discount is saving money. Consumers may save even more than the discount by insuring with multiple companies.
  • Youthful driver insurance costs – Teenage drivers are proven to be inattentive and easily distracted when driving therefore insurance rates are much higher. More experienced drivers are proven to be safer behind the wheel, are lower risk to insure .

Tailor your insurance coverage to you

When choosing the best insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions could help you determine if your insurance needs would benefit from an agent’s advice.

  • Am I covered if hit by an uninsured driver?
  • Can I rate high risk drivers on liability-only vehicles?
  • Should I sign the liability waiver when renting a car?
  • Where can I get insurance after a DUI in my state?
  • If my 2005 BMW Z4 is totaled, can I afford another vehicle?
  • Why am I required to buy liability insurance?

If you can’t answer these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

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

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Insurance coverage options for a BMW Z4

Having a good grasp of a insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the normal coverages offered by insurance companies.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as scraping a guard rail, crashing into a building, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Liability coverages

This coverage will cover injuries or damage you cause to other’s property or people by causing an accident. It protects you from legal claims by others. Liability doesn’t cover 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. You commonly see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like structural damage, legal defense fees and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Comprehensive (Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like falling objects, vandalism, fire damage, theft and rock chips in glass. The maximum amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense insurance

Med pay and PIP coverage pay for immediate expenses like prosthetic devices, rehabilitation expenses, X-ray expenses, doctor visits and dental work. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

At the end of the day…

When searching for affordable insurance quotes, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where consumers will sacrifice liability coverage limits and discovered at claim time that the savings was not a smart move. The proper strategy is to purchase plenty of coverage for the lowest price.

We just presented a lot of techniques to get a better price on 2005 BMW Z4 insurance. The key thing to remember is the more quotes you get, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest rates come from a small mutual company. They often have lower car insurance rates on specific markets than the large multi-state companies such as State Farm and Allstate.

More affordable insurance is available both online as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some insurance providers may not offer online price quotes and usually these small, regional companies only sell coverage through local independent agents.

Even more information can be read by following these links: