How Much Does 2014 BMW Z4 Insurance Cost?

Searching for lower insurance coverage rates for your BMW Z4? Did you fall for a flashy sales pitch and buy overpriced insurance coverage? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Because there are so many options when it comes to insurance coverage, it can be hard to choose the right insurer.

It’s important to price shop coverage quite often because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best rates for Z4 coverage a few years ago you can probably find a lower rate today. Forget all the misinformation about insurance coverage because you’re about to find out how to quote online to get good coverage at a lower rate.

Why your BMW Z4 insurance rates may be high

Smart consumers have a good feel for the rating factors that help determine the rates you pay for car insurance. Having a good understanding of what determines base rates enables informed choices that may reward you with big savings.

  • Battle of the sexes – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that women are better drivers. Both sexes cause accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like DUI and reckless driving.
  • Keep rates low by being claim-free – If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Insurance companies provide better rates to policyholders who do not file claims often. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Older drivers save more – Teen drivers tend to get distracted easily behind the wheel so they pay higher car insurance rates. If you’ve ever had to add a teenage driver to your car insurance policy can break the bank. Older drivers are more responsible, tend to file fewer claims and are safer drivers.
  • Occupation reflects on rates – Did you know your occupation can influence how much you pay for car insurance? Jobs such as judges, business owners and dentists have the highest average rates because of high stress levels and long work hours. Other occupations such as farmers, historians and homemakers get better rates for Z4 coverage.
  • Never go without insurance – Driving without insurance is against the law and you will pay a penalty because you let your coverage lapse. And not only will insurance be more expensive, getting caught without coverage can result in a hefty fine and possibly a revoked license.You may need to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Your credit rating is important – Your credit history is a big factor in calculating your car insurance rates. If your credit is not that good, you could potentially save money when insuring your 2014 BMW Z4 by improving your rating. Drivers who have good credit tend to be better drivers and file fewer claims than those with lower credit scores.

How to Lower Your Insurance Cost

Comparing insurance rates can be challenging if you aren’t aware of the fastest way to get free quotes. You could spend your day talking about coverages with local insurance agents in your area, or you could save time and use online quotes to get prices fast.

Many of the larger companies are enrolled in a marketplace that allows shoppers to submit their information once, and every company can provide price quotes based on that information. This system prevents you from having to do form submissions for each company.

To find out how much you can save on insurance click to open in new window.

The one downside to using this type of system is you don’t know exactly the providers to get quotes from. So if you want to choose individual companies to compare rates, we have a page of companies who write insurance in your area. View list of insurance companies.

It doesn’t matter which method you choose, just ensure you’re using exactly the same coverage information for every quote you compare. If you compare different limits and deductibles on each one it’s impossible to make a fair comparison for your BMW Z4. Quoting even small variations in coverages can result in a big premium difference. It’s important to know that obtaining a wide range of quotes helps you find the best rates.

Don’t believe everything you hear

Insurance companies such as State Farm and Allstate constantly bombard you with television and radio advertisements. They all seem to have a common claim that you’ll save big if you switch your coverage to them. How can each company claim to save you money?

Different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a profitable customer could possibly be between 25 and 40, has no tickets, and drives less than 10,000 miles a year. Any new insured who matches those parameters will get the preferred rates and as a result will probably save quite a bit of money when switching.

Drivers who don’t meet the requirements will have to pay a higher premium which leads to the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save that much. That’s the way insurance companies can confidently make those claims.

Because of the profiling, you absolutely need to quote coverage with many companies. You cannot predict which insurance companies will give you the biggest savings on BMW Z4 insurance.

Best discounts on BMW Z4 coverage

Properly insuring your vehicles can get expensive, but you may find discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but a few must be inquired about prior to getting the savings.

  • Multiple Vehicles – Buying insurance for multiple vehicles on the same insurance coverage policy may reduce the rate for each vehicle.
  • Good Students Pay Less – Getting good grades can save 20 to 25%. The discount lasts up until you turn 25.
  • Senior Discount – If you qualify as a senior citizen, you may qualify for better insurance coverage rates for Z4 coverage.
  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Accident Waiver – Some insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • College Student – Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.

Keep in mind that many deductions do not apply to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky. Any qualifying discounts will reduce your overall premium however.

Insurance companies that possibly offer some of the above discounts include:

Check with each company how you can save money. Savings might not be offered in your state.

Tailor your coverage to you

When buying the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique so this has to be addressed. For example, these questions might point out if you would benefit from an agent’s advice.

  • Am I covered if I hit my neighbor’s mailbox?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When can my company non-renew my policy?
  • How can I get high-risk coverage after a DUI?
  • Should I have combined single limit or split liability limits?
  • If I drive on a suspended license am I covered?
  • When should I buy a commercial auto policy?
  • Am I covered if hit by an uninsured driver?
  • Does my insurance cover a custom paint job?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier

Parts of your car insurance policy

Learning about specific coverages of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most car insurance policies.

Uninsured or underinsured coverage – This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2014 BMW Z4.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are set the same as your liablity limits.

Comprehensive protection – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like falling objects, damage from a tornado or hurricane and a broken windshield. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability – Liability coverage will cover injuries or damage you cause to other people or property. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as attorney fees, medical services, bail bonds, funeral expenses and legal defense fees. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Collision coverages – Collision insurance will pay to fix damage to your Z4 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as backing into a parked car, rolling your car, hitting a parking meter and driving through your garage door. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Medical expense coverage – Coverage for medical payments and/or PIP pay for immediate expenses for things like hospital visits, EMT expenses, prosthetic devices, pain medications and surgery. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Online plus local equals savings

We just showed you a lot of ways to shop for 2014 BMW Z4 insurance online. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. Drivers may discover the best price on auto insurance is with the smaller companies. Regional companies may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. There are many occasions where someone dropped liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

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