Compare 2015 BMW 4 Series Insurance Quotes

Want cheaper insurance rates for your BMW 4 Series? Trying to find cheaper insurance for a BMW 4 Series can turn out to be difficult, but you can learn the following methods to find lower rates.

There are more efficient ways to compare insurance rates and you need to know the proper way to quote coverages on a BMW and get the best price possible from both online companies and local agents.

Discounts can save BIG

Insurance can be prohibitively expensive, but you may find discounts that you may not know about. Most are applied at the time of purchase, but a few need to be specifically requested prior to receiving the credit. If you aren’t receiving every discount available, you’re just leaving money on the table.

  • Federal Employees – Active or retired federal employment may qualify you for a discount on 4 Series coverage with select insurance companies.
  • Passive Restraint Discount – Vehicles equipped with air bags can receive discounts up to 30%.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
  • Driver Safety – Completing a course in driver safety could cut 5% off your bill if you qualify.
  • Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you may save 10% to 20% off each policy.
  • Multiple Vehicles – Having multiple vehicles on the same auto insurance policy qualifies for this discount.
  • Military Discounts – Having a deployed family member could mean lower rates.
  • Sign Early and Save – Some companies give discounts for buying a policy prior to your current policy expiring. It can save you around 10%.

Drivers should understand that most discounts do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. Any qualifying discounts will cut the cost of coverage.

For a list of providers offering auto insurance discounts, click this link.

Will just any policy work for me?

When choosing adequate coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is a little different.

These are some specific questions might help in determining whether you might need an agent’s assistance.

  • Should I have a commercial auto policy?
  • Am I covered if I break a side mirror?
  • Am I covered if hit by an uninsured driver?
  • At what point should I drop full coverage?
  • Does my personal policy cover me when driving out-of-state?
  • Do I benefit by insuring my home with the same company?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Don’t listen to company ads

Drivers can’t ignore all the ads for car insurance savings from the likes of Progressive, Geico, Allstate and State Farm. All the ads make the same claim about savings if you move your coverage to them.

How can each company say the same thing?

Different companies are able to cherry pick for the type of customer that makes them money. An example of a desirable insured could possibly be a mature driver, insures multiple vehicles, and has a high credit rating. A customer that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save when switching.

Drivers who fall outside the “perfect” profile will be quoted a higher premium and this can result in business not being written. The ads state “drivers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can advertise the way they do.

This emphasizes why it is so important to get quotes from several different companies. It’s impossible to know which company will provide you with the cheapest BMW 4 Series insurance rates.

Information about specific coverages

Learning about specific coverages of your auto insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Coverage for liability – This coverage protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as funeral expenses, structural damage, legal defense fees, pain and suffering and loss of income. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage – This will pay to fix damage to your 4 Series resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a ditch, scraping a guard rail, rolling your car, backing into a parked car and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, fire damage and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for bills for rehabilitation expenses, pain medications, ambulance fees, chiropractic care and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your BMW 4 Series.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Pennies from heaven

Budget-conscious 2015 BMW 4 Series insurance can be sourced from both online companies as well as from independent agents, and you need to comparison shop both to have the best rate selection. A few companies don’t offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

Insureds switch companies for a number of reasons such as unfair underwriting practices, delays in responding to claim requests, high prices and even high rates after DUI convictions. No matter why you want to switch, choosing a new company can be easier than you think.

As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There have been many situations where consumers will sacrifice liability limits or collision coverage only to find out that they should have had better coverage. Your aim should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

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