Trying to find the cheapest insurance rates for your BMW 4 Series? Are you sick and tired of sacrificing other expenses to pay your insurance bill each month? You have the same problem as millions of other people. Insurance companies such as State Farm, Geico and Farmers Insurance promote their brand names with catchy ads and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.
Smart consumers take time to take a look at other company’s rates at least once a year because insurance prices are constantly changing. Even if you got the best price on 4 Series coverage on your last policy a different company probably has better rates today. Don’t believe everything you read about insurance online but we’re going to give you some guaranteed methods to lower your insurance bill.
Companies that sell car insurance do not list all available discounts very well, so the following list contains some of the best known and the more hidden credits that you can use to lower your rates.
Don’t be shocked that most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.
Some of the larger companies that may offer quotes with these discounts possibly include:
Double check with every prospective company which credits you are entitled to. Some credits may not apply to policies in every state. To see a list of insurance companies who offer auto insurance discounts, click here to view.
Comparing car insurance rates can take time and effort if you don’t understand the fastest way to get free quotes. You can spend your afternoon driving to local insurance agents in your area, or you can stay home and use the internet to achieve your goal.
Most car insurance companies take part in a program that enables customers to submit their information once, and at least one company then gives them pricing determined by their information. This saves time by eliminating repetitive form submissions for each company you want a rate for.
To compare pricing click here to open in new window.
One minor caviat to doing it this way is you are unable to specify which carriers to get pricing from. If you wish to select individual companies to request quotes from, we have a page of the cheapest car insurance companies in your area. View list of insurance companies.
You can use whichever method you prefer to find lower rates, just make darn sure you compare apples-to-apples coverage limits and deductibles for every company. If you have unequal deductibles or liability limits it will be next to impossible to find the best deal for your BMW 4 Series.
When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that could help you determine whether you would benefit from an agent’s advice.
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.
Learning about specific coverages of your policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like vandalism, fire damage and hail damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2018 BMW 4 Series.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Collision insurance
Collision coverage pays for damage to your 4 Series caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like crashing into a ditch, sustaining damage from a pot hole, colliding with another moving vehicle and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.
Liability coverages
Liability insurance provides protection from injuries or damage you cause to other’s property or people by causing an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for things such as medical expenses, repair costs for stationary objects, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like doctor visits, ambulance fees and dental work. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
When you buy auto insurance online, make sure you don’t buy less coverage just to save a little money. There are many occasions where someone dropped liability limits or collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at the lowest possible cost and still be able to protect your assets.
In this article, we presented a lot of tips how to get a better price on 2018 BMW 4 Series insurance. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may even find the best rates are with a smaller regional carrier. Regional companies often have lower car insurance rates on specific markets as compared to the big name companies such as Progressive or Geico.
Even more information is available in the articles below: