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 6, 2015

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Want lower insurance coverage rates? Drivers have a choice when trying to find the lowest priced BMW M4 insurance. You can either spend your time struggling with agents trying to get quotes or use the internet to find the lowest rates. There are more efficient ways to buy insurance coverage and you need to know the best way to compare rates for your BMW and find the lowest possible price from both online companies and local agents.

Smart consumers take time to get comparison quotes every six months since prices change frequently. Despite the fact that you may have had the best deal for M4 insurance two years ago other companies may now be cheaper. Ignore everything you know about insurance coverage because we’re going to show you the fastest and easiest way to save on insurance coverage.

Choosing the best insurance company for you is not rocket science. If you currently have car insurance, you should be able to save some money using these methods. Consumers just need to learn the proper methods to get comparison rates online.

Insurance discounts are available to reduce your rates

Not many people think insurance is cheap, but companies offer discounts that could help you make your next renewal payment. A few discounts will automatically apply at the time of quoting, but a few must be inquired about prior to getting the savings.

  • Switch and Save Discount – A few larger companies offer discounts for buying a new policy prior to your current policy expiration. This discount can save up to 10%.
  • Bundled Policy Discount – If you insure your home and vehicles with the same insurance company you could earn a discount of as much as 10 to 15 percent.
  • College Student Discount – Youth drivers who attend college more than 100 miles from home and do not take a car to college may be able to be covered for less.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and the ABS can save up to 10%.
  • Defensive Driver Discount – Taking time to complete a defensive driver class could possibly earn you a 5% discount and also improve your driving technique.
  • Telematics Data Discounts – People who choose to allow their insurance company to look at when and where they use their vehicle by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction as long as they are good drivers.

As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Most only reduce specific coverage prices like collision or personal injury protection. So despite the fact that it appears you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount should help lower the cost of your policy.

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

Before purchasing a policy, check with each company how many discounts you can get. All car insurance discounts might not be offered on policies in your area. If you would like to choose from a list of insurance companies that have a full spectrum of discounts, click here.

The method we recommend to compare policy rates takes advantage of the fact most of the larger companies will pay a fee to provide you with a free rate quote. To begin a comparison, all you need to do is provide the companies a bit of rating information like if you have a valid license, coverage limits, the make and model of your vehicles, and the ages of drivers. Those rating factors gets sent immediately to multiple different insurance companies and they return cost estimate quickly.

To find lower rates now, click here and enter your zip code.

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

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How your M4 insurance rates are determined

An important part of buying insurance is that you know some of the things that help determine the price you pay for car insurance. If you know what impacts premium levels, this allows you to make educated decisions that can help you get lower premium levels. Many different elements are considered when premium rates are determined. A few of the factors are predictable like a motor vehicle report, although others are not quite as obvious such as your marital status or how financially stable you are.

  • GPS tracking and theft deterrents lower prices – Choosing to buy a car with a theft deterrent system can get you a discount on your car insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft and help bring rates down.
  • Lower rates for safer cars – Cars with high safety ratings are cheaper to insure. Safer cars reduce the chance of injuries and fewer injuries means lower claim amounts and more competitive rates for policyholders. If the BMW M4 has ratings of a minimum four stars on or an “acceptable” rating on you are probably receiving a discount.
  • Get a ticket, pay higher rates – A bad driving record impacts your car insurance rates tremendously. Just one speeding ticket can increase the cost of insurance forty percent or more. Good drivers pay less for auto insurance than bad drivers. Drivers who have received serious violations like reckless driving or DUI are required to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to drive a vehicle legally.
  • Does your occupation cost you more? – Do you have a high-stress occupation? Occupational choices like military generals, social workers and accountants usually pay the highest rates because of intense work requirements and lots of time spent away from family. Conversely, careers like actors, athletes and homemakers generally pay rates lower than average for M4 insurance.
  • Physical damage deductibles are a factor – Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay if a claim is determined to be covered. Physical damage insurance, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of covered claims would be a windshield broken by a bird, fire damage, and damage caused by road hazards. The more you choose to pay out-of-pocket, the better rate you will receive for M4 insurance.
  • More traffic equals higher costs – Living in smaller towns and rural areas of the country can save you money when talking about car insurance. Less people living in that area means fewer accidents in addition to lower liability claims People who live in big cities tend to have more traffic problems and longer commutes to work. More time behind the wheel means a statistically higher chance of an accident.

Everyone needs different insurance coverages

When buying coverage for your vehicles, there really is no single plan that fits everyone. Each situation is unique.

These are some specific questions could help you determine whether or not you would benefit from professional advice.

  • What is UM/UIM insurance?
  • Can my babysitter drive my car?
  • How much liability do I need to cover my assets?
  • Why does it cost so much to insure a teen driver?
  • How many claims can I have before being cancelled?
  • Is my camper covered by my car insurance policy?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form. It is quick, free and may give you better protection.

Insurance policy coverages for a BMW M4

Knowing the specifics of your policy helps when choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Coverage for liability – This protects you from damage that occurs to a person or their property by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like repair costs for stationary objects, funeral expenses, pain and suffering, bail bonds and attorney fees. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.

Comprehensive protection – This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like falling objects, a broken windshield, rock chips in glass and hitting a bird. The most your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverages – Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as damaging your car on a curb, colliding with a tree, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as EMT expenses, ambulance fees and pain medications. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your 2015 BMW M4.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

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

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Save for a rainy day

Consumers who switch companies do it for a variety of reasons including high prices, not issuing a premium refund, being labeled a high risk driver and poor customer service. Regardless of your reason, finding a great new company is not as difficult as it may seem.

Lower-priced 2015 BMW M4 insurance is possible online in addition to many insurance agents, so you should compare both to get a complete price analysis. Some car insurance companies may not offer internet price quotes and usually these smaller companies provide coverage only through independent insurance agents.

When getting auto insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, an insured cut collision coverage to discover at claim time they didn’t purchase enough coverage. Your strategy should be to buy a smart amount of coverage at an affordable rate.

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