2018 BMW 4 Series Insurance Cost – 6 Tricks for Cheapest Prices

Searching for the cheapest auto insurance rates for your BMW 4 Series? Are you sick and tired of sacrificing to buy auto insurance? You’re in the same situation as many other drivers. Because you have many auto insurance companies to choose from, it’s difficult to choose the most affordable company.

Compare insurance coverage quotes

There are several ways to compare insurance coverage quotes, but some are more efficient than others. You can waste hours discussing policy coverages with local insurance agents in your area, or you could use the internet to get prices fast.

Most of the larger companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and each company returns a competitive quote based on that information. This eliminates the need for repetitive form submissions for every insurance coverage company. To compare rates now click here to open in new window.

One minor caviat to pricing coverage this way is you are unable to specify which insurance companies to get quotes from. So if you want to choose individual companies to compare, we have a listing of low cost insurance coverage companies in your area. Click here for list of insurance companies.

However you get your quotes, make absolute certain that you use nearly identical deductibles and coverage limits for each price quote. If the quotes have different data it will be very difficult to make a fair comparison for your BMW 4 Series.

These six discounts can slash car insurance rates

Some insurance providers do not list every available discount in a way that’s easy to find, so we break down both the well known as well as some of the hidden credits that may apply to you.

  • Accident-Free Discounts – Good drivers with no accidents can save substantially when compared to bad drivers.
  • Drive Less and Save – Keeping the miles down on your BMW could qualify for discounted prices on garaged vehicles.
  • Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save up to 5%.
  • Driver Education Discount – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Membership in Organizations – Joining qualifying employment or professional organizations could qualify you for a break on your next car insurance statement.
  • Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.

Consumers should know that some credits don’t apply to your bottom line cost. A few only apply to the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free car insurance policy, it’s just not the way it works.

Popular car insurance companies and some of the premium reductions they offer include:

  • Farmers Insurance offers premium reductions for homeowner, good student, switch companies, multi-car, electronic funds transfer, and alternative fuel.
  • Esurance has savings for defensive driver, anti-lock brakes, multi-policy, online quote, homeowner, and anti-theft.
  • State Farm policyholders can earn discounts including multiple autos, accident-free, Drive Safe & Save, defensive driving training, and anti-theft.
  • Geico offers discounts including seat belt use, federal employee, defensive driver, military active duty, daytime running lights, membership and employees, and air bags.
  • Allstate includes discounts for premier plus, anti-theft, FullPay discount, senior citizen, and farm vehicle.

If you need cheap insurance quotes, ask every insurance company which credits you are entitled to. Savings may not apply in every state.

When do I need an agent’s advice?

When it comes to choosing the right insurance coverage, there really is no “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions might help in determining if your situation will benefit from professional help.

  • How much can I save by bundling my policies?
  • Should I buy more coverage than the required minimum liability coverage?
  • Are split liability limits better than a combined single limit?
  • Is my BMW 4 Series covered if I use it for business?
  • What exactly is covered by my policy?
  • Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

The ad said I’d save $388 a year!

Consumers can’t escape the ads that claim the lowest premium rates by State Farm, Allstate and Geico. All the ads advertise claims of big savings just by moving to their company.

How can each company make almost identical claims? It’s all in the wording.

All the different companies require specific criteria for the type of customer they prefer to insure. An example of a profitable risk profile might have to be between 30 and 50, has had continuous coverage, and drives less than 10,000 miles a year. Any new insured who meets those qualifications receive the lowest rate quotes and therefore will save when they switch companies.

Consumers who are not a match for the “perfect” profile will be quoted higher premiums and this results in business not being written. The ads say “customers that switch” but not “all drivers who get quotes” save that much money. This is how insurance companies can advertise the savings.

That is why drivers must compare quotes as often as possible. Because without a comparison, you cannot know which insurance companies will have better premium rates than you’re paying now.

Car insurance coverages for a BMW 4 Series

Knowing the specifics of your policy aids in choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages available from insurance companies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses like pain medications, doctor visits, X-ray expenses, nursing services and EMT expenses. They are used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Auto collision coverage

This covers damage to your 4 Series caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like rolling your car, damaging your car on a curb, colliding with a tree, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Auto liability insurance

Liability coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims like repair costs for stationary objects, bail bonds, structural damage and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, a broken windshield, falling objects, hail damage and fire damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2018 BMW 4 Series.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.

One last thing about your coverage

Some companies do not offer internet price quotes and most of the time these regional insurance providers sell through independent agents. Budget-friendly auto insurance can be found on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best selection.

As you go through the steps to switch your coverage, make sure you don’t skimp on coverage in order to save money. In many instances, an insured dropped liability limits or collision coverage only to regret that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at an affordable rate while still protecting your assets.

Additional detailed information can be read at these sites: