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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Looking for lower insurance rates for your BMW Z4? Are you frustrated by the number of insurance choices that you can choose from? You’re not alone. There are so many options that it can really be more work than you anticipated to find the perfect company for you.

The quickest way to compare insurance rates in your area utilizes the fact most larger insurance companies pay for the opportunity to give free rates quotes. The only thing you need to do is provide information such as deductibles desired, whether the vehicles are used for commuting, any included safety features, and your credit rating estimate. Your rating data is automatically sent to insurance carriers in your area and you receive quotes instantly.

Ads can be misleading

Companies like GEICO, State Farm and Progressive seem to constantly run television, radio, and online ads. They all state the claim about saving some big amount after switching to them. That’s great but how can every company charge less that you’re paying now? It’s all in the numbers.

All companies give the cheapest rates for the driver that will not have excessive claims. One example of a preferred risk might be between 30 and 50, has never had a policy lapse, and has excellent credit. Someone who matches those parameters is entitled to the best price and have a good chance to save when they switch companies.

Consumers who do not meet this ideal profile will be charged a more expensive rate with the end result being the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone that quotes” save money. That’s the way insurance companies can advertise the way they do. Because of the profiling, drivers should compare free insurance coverage quotes often. Because you never know with any certainty which company will give you lower auto insurance rates than your current company.

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

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Smart buyers can lower their insurance rates

When buying auto insurance it’s important to understand the different types of things that go into determining auto insurance rates. When you know what positively or negatively impacts premium levels, this enables informed choices that may result in much lower annual insurance costs.

Listed below are a few of the “ingredients” companies use to determine rates.

  • Discounts for married drivers – Walking down the aisle may save some money on auto insurance. Marriage means you’re more mature it has been statistically shown that drivers who are married file infrequent claims.
  • Annual mileage and car insurance rates – The more you drive each year the higher your rate. Almost all companies charge to insure your cars based upon how the vehicle is primarily used. Cars that have low annual miles qualify for better rates than cars that get driven a lot. It’s a good idea to make sure your policy reflects the proper vehicle usage, because improper ratings can cost you money. Having the wrong rating on your Z4 can cost quite a bit.
  • Low credit rating equals high costs – A driver’s credit score is a large factor in determining premium rates. If your credit history is not that good, you could pay less to insure your 2016 BMW Z4 by taking the time to improve your credit score. People with excellent credit scores tend to be less risk to insure than drivers with worse credit.
  • You might want pay the minor policy claims yourself – If you’re an insured who likes to file claims you can pretty much guarantee either higher rates or even cancellation. Auto insurance companies provide cheaper rates to drivers that do not abuse their auto insurance. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • Cars with good safety ratings lower rates – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles protect occupants better and fewer injuries translates directly to fewer claims which can result in lower premiums.

Take advantage of every car insurance discount

Car insurance is not an enjoyable expense, but you may be missing some discounts that can help lower your rates. Some of these disounts will be visible when you quote, but some need to be requested specifically before you will receive the discount.

  • Homeowners Pay Less – Just owning your own home can get you a discount because maintaining a house is proof that your finances are in order.
  • One Accident Forgiven – Not really a discount, but companies like GEICO and Liberty Mutual may permit one accident before raising your premiums as long as you don’t have any claims prior to the accident.
  • Driver’s Education for Students – Teen drivers should participate in a local driver’s education class as it can save substantially.
  • Drive Safe and Save – Insureds without accidents may save up to 50% more on Z4 insurance than less cautious drivers.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a discount if you purchase some life insurance in addition to your auto policy.
  • Multi-car Discount – Buying insurance for several vehicles on the same car insurance policy may reduce the rate for each vehicle.
  • Student Discounts – This discount may save as much as 25% on a insurance coverage quote. Many companies even apply the discount to college students well after school through age 25.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as comprehensive or collision. Just because it seems like it’s possible to get free car insurance, companies don’t profit that way.

Some of the larger companies that have some of the discounts shown above include:

Before purchasing a policy, check with each insurance company which discounts they offer. Some discounts listed above may not be offered in every state. If you would like to choose from a list of insurance companies with the best car insurance discounts, click this link.

How to know if you need help

When buying proper insurance coverage, there is no one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • Does my personal policy cover me when driving out-of-state?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Am I covered if I break a side mirror?
  • When should I remove comp and collision on my 2016 BMW Z4?
  • Do I need replacement cost coverage on my 2016 BMW Z4?
  • Does coverage extend to my business vehicle?
  • When should my teen driver be added to my policy?
  • Do I benefit by insuring my home with the same company?
  • Should I rate my 2016 BMW Z4 as pleasure use or commute?
  • How do I file an SR-22 for a DUI in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

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

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Specific coverages for a 2016 BMW Z4

Having a good grasp of car insurance can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Liability coverages

Liability insurance can cover damage or injury you incur to other people or property in an accident. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things like medical expenses, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Collision insurance

This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like damaging your car on a curb, crashing into a ditch, scraping a guard rail, crashing into a building and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage 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.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like ambulance fees, rehabilitation expenses and doctor visits. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from 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 insurance covers things like fire damage, a tree branch falling on your vehicle, theft, hitting a bird and hail damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Smart shoppers get results

When searching for affordable insurance coverage quotes, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where consumers will sacrifice liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at a price you can afford.

Cheaper car insurance can be bought from both online companies in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies do not provide rates over the internet and most of the time these small, regional companies work with independent agencies.

Insureds switch companies for any number of reasons including high rates after DUI convictions, denial of a claim, extreme rates for teen drivers and even being labeled a high risk driver. Regardless of your reason for switching companies, choosing a new company is less work than it seems.

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