2012 BMW Z4 Insurance Quotes – 10 Tips for Cheapest Rates

Trying to find cheaper car insurance rates for your BMW Z4? I can’t think of a single person who enjoys paying for car insurance, especially knowing the price is too high. Companies like GEICO, 21st Century and Progressive continually bombard you with ad campaigns and it can be hard to avoid their marketing magic and do the work needed to find the best deal.

If you have insurance now or are looking for a new policy, you can follow these tips to get lower rates while maximizing coverage. Choosing the best insurance company for you is not that difficult. Vehicle owners only need an understanding of the most efficient way to shop their coverage around online.

How to Compare Insurance

Cutting your insurance rates is actually quite simple. Consumers just need to spend a little time to get quotes online from several insurance companies. It is quite easy and can be accomplished in a couple of different ways.

The first (and easiest) way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This form keeps you from doing multiple quote forms to each individual insurance company. Completing one form will return price quotes from multiple companies.

A harder way to find lower rates requires visiting the website for each individual company and request a quote. For instance, we’ll assume you want to compare Auto-Owners, Farmers and Liberty Mutual. You would have to spend time on each company’s site to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.

The most time-consuming method of getting rate comparisons is driving around to local insurance agencies. Shopping for insurance online eliminates the need for an insurance agent unless you prefer the trained guidance that only a license agent can provide. You can, however, price shop your coverage online and still use a local agent and we’ll touch on that later.

It’s up to you which method you use, but ensure you’re using exactly the same coverages and limits for every company. If you enter different values for each quote it’s impossible to truly determine the lowest rate.

Verify you’re getting all your discounts

Car insurance is not cheap, buy you may qualify for discounts that you may not know about. A few discounts will automatically apply when you get a quote, but a few need to be specifically requested in order for you to get them. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • One Accident Forgiven – A few companies will forgive one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Good Student Discount – Performing well in school can earn a discount of 20% or more. The good student discount can last up to age 25.
  • Organization Discounts – Being a member of certain professional organizations is a good way to get lower rates on insurance on Z4 coverage.
  • College Student – Youth drivers living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Claim Free – Drivers who don’t have accidents pay less as compared to bad drivers.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
  • Driver Safety – Successfully completing a driver safety course could save 5% or more depending on where you live.
  • Life Insurance Discount – Larger companies have better rates if you take out a life insurance policy as well.
  • Employee of Federal Government – Active or retired federal employment could cut as much as 10% off on Z4 coverage with certain companies.
  • E-sign – A few companies will give a small break just for signing your application online.

Keep in mind that most discount credits are not given to the entire cost. Some only apply to specific coverage prices like medical payments or collision. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will cut your overall premium however.

To see a list of providers with the best insurance discounts, follow this link.

When should I talk to an agent?

When it comes to buying the best insurance coverage coverage for your personal vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions may help you determine whether you may require specific advice.

  • Is business equipment covered while in my vehicle?
  • How high should my uninsured/underinsured coverage be in my state?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I need an umbrella policy?
  • Can I afford low physical damage deductibles?
  • Do I need replacement cost coverage?
  • Is business property covered if stolen from my car?
  • I have good health insurance, so how much medical payments coverage do I need?

If you’re not sure about those questions then you might want to talk 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 It’s fast, doesn’t cost anything and can help protect your family.

Coverage specifics

Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for expenses like X-ray expenses, EMT expenses, prosthetic devices, nursing services and doctor visits. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Coverage for liability

This protects you from damages or injuries you inflict on other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as court costs, funeral expenses, loss of income and structural damage. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like a tree branch falling on your vehicle, falling objects, vandalism and damage from getting keyed. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

This coverage covers damage to your Z4 caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like backing into a parked car, scraping a guard rail, crashing into a ditch, hitting a parking meter and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.