Lower Your 2016 BMW 4 Series Car Insurance Rates

Finding affordable auto insurance over the internet is impossible for vehicle owners not familiar with buying insurance over the internet. With such a large choice of insurance companies available, how can anyone have a chance to compare each option to find the cheapest available price?

This information will introduce you to how to effectively get price quotes and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these techniques. Although consumers must learn the methods companies use to determine prices.

Use discounts on insurance

Not too many consumers would say insurance is affordable, but you can get discounts that can help lower your rates. A few discounts will automatically apply at quote time, but less common discounts must be requested specifically before they will apply.

  • Early Switch Discount – A few companies allow discounts for buying a new policy prior to your current policy expiration. It’s a savings of about 10%.
  • Discounts for Responsible Drivers – Insureds who avoid accidents can save up to 40% or more on their insurance coverage quote on 4 Series insurance than less cautious drivers.
  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Discounts for Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could cut 10% or more off the medical payments premium.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper due to better safety requirements for new vehicles.
  • Full Payment Discount – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.

Just know that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any amount of discount will definitely reduce your insurance premiums.

Larger insurance companies and their offered discounts can be read below.

  • Progressive may offer discounts for homeowner, multi-vehicle, multi-policy, good student, online signing, and continuous coverage.
  • The Hartford offers discounts including driver training, bundle, defensive driver, air bag, vehicle fuel type, anti-theft, and good student.
  • Mercury Insurance policyholders can earn discounts including professional/association, age of vehicle, ease of repair, low natural disaster claims, multi-policy, good driver, and annual mileage.
  • Geico offers discounts for membership and employees, good student, five-year accident-free, federal employee, daytime running lights, and defensive driver.
  • AAA may include discounts for multi-car, good driver, anti-theft, AAA membership discount, good student, education and occupation, and multi-policy.
  • State Farm may have discounts that include good student, anti-theft, good driver, Drive Safe & Save, defensive driving training, accident-free, and multiple policy.

Check with each company how you can save money. Savings may not apply to policies in your state. If you would like to choose from a list of companies who offer cheap insurance quotes, click here to view.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions might point out if your situation would benefit from an agent’s advice.

  • What is the rate difference between pleasure use and commuting?
  • Are my friends covered when driving my 2016 BMW 4 Series?
  • Is business equipment covered while in my vehicle?
  • Are rental cars covered under my policy?
  • Does my personal policy cover me when driving out-of-state?
  • Is my babysitter covered when using my vehicle?
  • Does coverage extend to a rental car in a foreign country?
  • What if I total my 2016 BMW 4 Series and owe more than it’s worth?
  • Is a fancy paint job covered?
  • Am I missing any policy discounts?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Don’t believe everything you hear

Respected companies like State Farm, Allstate and Geico endlessly run ads in print and on television. They all make the same claim of big savings if you change your coverage to them. How is it plausible that every one can claim to save you money? It’s all in how they say it.

Insurance providers require specific criteria for a prospective insured that earns them a profit. A good example of this type of insured might have to be between the ages of 30 and 50, insures multiple vehicles, and drives a lower-performance vehicle. A customer getting a price quote who matches those parameters will get a cheap rate quote and will save a lot if they switch.

Potential insureds who are not a match for those standards will be quoted a higher rate and business not being written. Company advertisements say “customers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how insurance companies can confidently make claims like that.

This illustrates why it’s extremely important to do a price quote comparison at every renewal. It’s just too difficult to predict the company that will have better rates than you’re paying now.

Information about specific coverages

Understanding the coverages of a car insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.

Liability coverages

This provides protection from damage that occurs to a person or their property that is your fault. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things like medical services, funeral expenses, loss of income and structural damage. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for collisions

This will pay to fix damage to your 4 Series from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like driving through your garage door, crashing into a ditch, hitting a mailbox and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like X-ray expenses, EMT expenses, chiropractic care, pain medications and hospital visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

Comprehensive coverage

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a broken windshield, hail damage and fire damage. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your BMW 4 Series.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

One last thing about your coverage

Low-cost 2016 BMW 4 Series insurance is possible both online and from local insurance agents, and you need to price shop both to have the best selection. Some car insurance companies may not offer the ability to get a quote online and many times these small insurance companies work with independent insurance agents.

When searching for affordable insurance coverage quotes, never skimp on coverage in order to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage for the lowest cost while still protecting your assets.

Drivers switch companies for many reasons like high prices, lack of trust in their agent, extreme rates for teen drivers or even being labeled a high risk driver. Regardless of your reason, finding the right car insurance provider is pretty easy and you might even save some money in the process.

Additional information