Have you had enough of scraping the payment together to insure your BMW every month? You are no different than many other consumers. Consumers have many car insurance companies to choose from, and even though it’s nice to be able to choose, lots of choices makes it harder to find the lowest rates.
It is always a good idea to shop coverage around on a regular basis since rates tend to go up over time. Just because you had the lowest price for Z4 insurance six months ago you will most likely find a better rate today. So just forget all the misinformation about insurance coverage because we’re going to show you the quickest way to reduce your cost while increasing coverage.
Performing a rate comparison can be challenging if you don’t utilize the fastest way to get free quotes. You could spend your day driving to insurance companies in your area, or you could save time and use the internet to get prices fast.
All the larger companies are enrolled in a marketplace that enables customers to submit their information once, and each participating company then returns a price quote. This system prevents you from having to do quote requests for each company.
To compare pricing click here to open in new window.
One minor caviat to getting quotes like this is you don’t know exactly the providers to get pricing from. If you would rather choose from a list of companies to request quotes from, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.
It’s up to you which method you use, but ensure you’re using the exact same information for each price quote. If you compare different deductibles it’s not possible to find the best deal for your BMW Z4.
When buying the best car insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions might point out whether your personal situation could use an agent’s help.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, 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 which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are the usual coverages found on most insurance policies.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for expenses such as rehabilitation expenses, nursing services, pain medications and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2010 BMW Z4.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Comprehensive insurance – This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as damage from flooding, fire damage, a broken windshield and hail damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability coverage – Liability coverage protects you from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers claims like legal defense fees, bail bonds and pain and suffering. How much coverage you buy is up to you, but buy as high a limit as you can afford.
Collision – This coverage will pay to fix damage to your Z4 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as hitting a mailbox, scraping a guard rail, sustaining damage from a pot hole, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.