Lower Your 2017 BMW 4 Series Insurance Rates

Trying to find cheaper auto insurance rates for your BMW 4 Series? Nobody that owns a car likes buying auto insurance, especially when they are aware that the prices are way too high. Popular companies such as Progressive, Geico and Farmers Insurance continually hit you with ads and it can be hard to ignore the flashy ads and do the work needed to find the best deal.

It’s a great practice to quote other rates before your policy renews since insurance rates are constantly changing. If you had the best premium rates for 4 Series insurance two years ago the chances are good that you can find a lower price today. Block out anything you think you know about auto insurance because you’re going to learn the easiest way to find lower rates on auto insurance.

Why your insurance prices might be higher

A large part of saving on car insurance is knowing the factors that are used to determine the price you pay for car insurance. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that will entitle you to lower premium levels. Many things are used in the calculation when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, although some other factors are less apparent like your continuous coverage and annual miles driven.

• Your location is important – Living in a small town has it’s advantages when buying car insurance. Drivers who live in large cities have to deal with much more traffic and more time behind the wheel. Fewer drivers corresponds to lower accident rates in addition to fewer liability claims.
• High credit score translates to low prices – An insured’s credit history is a large factor in determining premium rates. Drivers with very high credit ratings tend to be less risk to insure than drivers with lower credit ratings. Therefore, if your credit is not that good, you could be paying less to insure your 2017 BMW 4 Series if you improve your credit rating.
• High premiums for teenage drivers – Older insureds are viewed as being more responsible, cause fewer claims and accidents and are safer drivers.Youthful drivers are known to be careless and easily distracted when driving with friends therefore car insurance rates are much higher.
• Raise deductibles and save – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your BMW. Some examples of covered claims are a broken side mirror, collision with an animal, and damage caused by flying debris. The deductibles define the amount the insured will be required to pay in the event of a claim. The more of the claim the insured has to pay upfront, the less your car insurance will be for 4 Series insurance.
• Occupation stress can make you pay more – Jobs like lawyersair traffic controllers and medical professionals generally have the highest rates in part from high stress levels and incredibly demanding work hours. Conversely, careers like actors, engineers and performers have the lowest average rates for 4 Series insurance.
• Traffic violations are costly – Just one chargable violation can increase the cost of insurance to the point where it’s not affordable. Drivers who don’t get tickets tend to pay less for car insurance as compared to those with violations. Drivers who get multiple citations such as DUI or reckless driving may face state-mandated requirements to maintain a SR-22 to the state department of motor vehicles in order to continue driving.
• Women tend to cost less – Statistics show that females tend to be a little less risky than males. Now that doesn’t mean women are BETTER drivers than men. Both genders get in at-fault accidents at a similar rate, but the males tend to have more serious accidents. Not only are claims higher, but men get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Young males are several times more likely to be in an accident and are penalized with high car insurance rates.

How to get insurance rate quotes

Getting a cheaper price on 2017 BMW 4 Series insurance is surprisingly easy. All that’s required is to spend a few minutes getting comparison quotes online from several insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

1. Probably the best way consumers can make multiple comparisons is an all-inclusive rate comparison (click to open form in new window). This form prevents you from having to do separate quotes for each price estimate. Taking the time to complete one form will return price quotes from multiple companies.
2. Another way to find better pricing consists of going to each company website and get a separate price quote. For instance, let’s say you want to compare rates from Farmers, Liberty Mutual and Travelers. To get rate quotes you would need to spend time going to each site individually and enter your policy data, and that explains why we recommend the first method.

   For a list of companies in your area, click here.

3. The old school method to shop rates is actually driving to local insurance agencies. Doing it all online can eliminate the need for a local agent unless your situation requires the professional assistance of an agent trained in personal lines coverage. However, consumers can compare online quotes but have a local agent actually write the policy.

Which method you use is up to you, but make sure you compare nearly identical coverage data with each company. If you use different coverage information then you won’t be able to make a fair rate comparison.

Don’t be fooled by advertising claims

Drivers get pounded daily by advertisements for auto insurance savings from companies such as State Farm, Allstate and Geico. All the ads convey the message about how much you will save if you switch to them.

How do they all charge you a lower premium?

Many companies have a preferred profile for the type of customer that earns them the highest profit. A good example of a profitable risk profile might be a mature driver, has a clean driving record, and has a high credit rating. A propective insured that hits that “sweet spot” receives the best prices and will save when switching.

Consumers who are not a match for these standards will be charged a higher premium and this results in the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone that quotes” save the amount stated. That is how companies can truthfully make claims like that. This really drives home the point why it’s extremely important to compare free insurance coverage quotes often. It’s not possible to predict which auto insurance company will provide you with the cheapest premium rates.

Use discounts to get cheaper insurance coverage rates

Insurance coverage is not cheap nor is it fun to buy but you may find discounts that can drop the cost substantially. Many of these discounts will be applied automatically at the time of quoting, but some need to be inquired about prior to getting the savings.

• Drive Less and Save – Keeping the miles down on your BMW could be rewarded with better premium rates on cars that stay parked.
• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to wear their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
• College Student – Older children who attend college more than 100 miles from home and leave their car at home may qualify for this discount.
• Organization Discounts – Affiliation with qualifying clubs or civic groups could earn you a nice discount on insurance coverage.
• Own a Home – Owning a house can save you money due to the fact that maintaining a home requires a higher level of personal finance.
• Multi-line Discount – Select insurance companies reward you with a break if you buy a life policy as well.

Discounts save money, but please remember that most discount credits are not given to the entire cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though you would think you can get free auto insurance, you aren’t that lucky.

If you would like to view insurance companies with discount insurance coverage rates, click this link.

Tailor your auto insurance coverage to you

When choosing the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions might help in determining whether or not you would benefit from professional advice.

• Is pleasure use cheaper than using my 2017 BMW 4 Series to commute?
• At what point should I drop full coverage?
• What if I owe more than I can insure my car for?
• Do I have any recourse if my insurance company denies a claim?
• I have a DUI can I still get coverage?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do I need replacement cost coverage?
• Is my nanny covered when driving my vehicle?

If you can’t answer these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Auto insurance coverage options for a 2017 BMW 4 Series

Having a good grasp of a auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average auto insurance policy.

Collision – This pays for damage to your 4 Series resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a mailbox, backing into a parked car, rolling your car, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability auto insurance – Liability insurance provides protection from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like medical expenses, medical services and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverages – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hail damage, damage from a tornado or hurricane and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage – Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for immediate expenses like surgery, dental work, ambulance fees and nursing services. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

In the end, you save

As you shop your coverage around, it’s not a good idea to reduce coverage to reduce premium. In too many instances, consumers will sacrifice liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your aim should be to find the BEST coverage at the lowest possible cost, but do not skimp to save money.

More affordable insurance coverage is attainable both online as well as from independent agents, and you need to price shop both in order to have the best chance of saving money. Some companies may not have online rate quotes and most of the time these small, regional companies sell through independent insurance agents.

Additional detailed information can be read by following these links:

• Frontal Crash Tests (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Determing Auto Insurance Rates (Geico)
• Think You’re a Safe Driver? (State Farm)
• A Tree Fell on Your Car: Now What? (Allstate)
• What is Covered by GAP Insurance? (Allstate)