How Much Does 2017 BMW M4 Car Insurance Cost?

Trying to find lower car insurance rates for your BMW M4? Pretty sure you bought high-priced car insurance? It’s quite common and many consumers feel financially strained by their car insurance policy. Many insurers vie for your business, so it’s not easy to compare every insurer to get the lowest price

Take policy discounts and save

Car insurance companies don’t list every disount available in an easy-to-find place, so we break down some of the best known and the harder-to-find credits available to bring down your rates.

  • Life Insurance – Select companies reward you with lower insurancerates if you buy auto and life insurance together.
  • Driving Data Discount – Drivers who elect to allow driving data collection to study driving patterns by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they have good driving habits.
  • Braking Control Discount – Vehicles with ABS braking systems or traction control can stop better under adverse conditions and earn discounts up to 10%.
  • Drive Less and Save – Driving less can earn lower insurancerates on the low mileage vehicles.
  • Early Payment Discounts – If you pay your entire premium ahead of time rather than spreading payments over time you can actually save on your bill.
  • Discounts for Cautious Drivers – Insureds who avoid accidents can save as much as half off their rates for M4 coverage than less cautious drivers.
  • Save with More Vehicles Insured – Having multiple vehicles on a single policy could earn a price break for each car.
  • Senior Citizens – Drivers that qualify as senior citizens are able to get a slight reduction on a insurance quote for M4 coverage.
  • E-sign Discounts – A handful of larger companies provide a small discount for buying your policy over the internet.

As a sidenote, most of the big mark downs will not be given to the overall cost of the policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, insurance companies aren’t that generous.

If you would like to see a list of insurance companies that offer multiple discounts, click this link.

How to get low cost insurance coverage

Most larger insurance companies like Allstate, GEICO and Progressive make it easy to get prices on their websites. Getting quotes is very simple as you just enter the amount of coverage you want into the quote form. After you submit the form the system automatically retrieves reports for credit and driving violations and generates pricing information based on these and other factors. This streamlines rate comparisons, but the time it takes to visit a lot of sites and type in your information is not the best way to spend an afternoon. But it’s absolutely necessary to get many rate quotes in order to get better insurance coverage pricing.

There is a better way to compare rates

A more efficient way to find cheaper rates is to use a quote form to obtain quotes from several companies at one time. This type of form saves time, requires less work, and makes price shopping online a lot less work. As soon as you send your information, it is quoted and you are able to buy any or none of the quote results. If you find a better price you can simply submit the application and purchase coverage. The entire process just takes a couple of minutes and you will know how your current rates stack up.

To find out how much you can save on insurance coverage, click here and submit the form. To compare your current rates, we recommend you type in the coverages identical to your current policy. This helps ensure you’re receiving a rate comparison for exact coverage.

Smart choices result in lower insurance rates

The best way to find cheaper insurance is to take a look at a few of the rating criteria that play a part in calculating your insurance rates. When you understand what controls the rates you pay, this allows you to make good choices that will entitle you to lower insurance prices.

Listed below are some of the factors companies use to determine rates.

  • Your car’s features help determine premiums – Driving a car with an alarm system can help bring down rates. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft.
  • Annual mileage and car insurance costs – Driving a lot of miles in a year the more it will cost to insure it. A lot of insurance companies calculate prices based on their usage. Autos that do not get driven very much qualify for better rates than cars that get driven a lot. A policy that improperly rates your M4 is throwing money out the window. Ask your agent if your policy is rated on how each vehicle is driven.
  • Your liability coverage limits – The liability coverage on your policy will provide protection in the event that a court rules you are at fault for causing personal injury or damage in an accident. It will provide you with a defense in court starting from day one. It is affordable coverage when compared to the cost of physical damage coverage, so do not cut corners here.
  • Do you really need roadside assistance? – There are a ton of additional extra coverages that sound like a good idea at the time but may not be useful. Coverages for roadside assistance, towing, and extra equipment coverage may be costing you every month. They may sound like good ideas when deciding what coverages you need, but your needs may have changed so think about removing them and cutting costs.

Which policy gives me the best coverage?

When buying proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether your personal situation would benefit from an agent’s advice.

  • What are the best liability limits?
  • Is my teenager covered with friends in the car?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my policy cover my teen driver if they drive my company car?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is covered by UM/UIM coverage?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Can you really save $463 a year?

Drivers can’t ignore all the ads for the lowest price insurance coverage by Allstate, GEICO and Progressive. All the ads make an identical promise that drivers will save a bundle if you get a free insurance quote and switch your coverage.

How is it plausible that every one can charge you a lower premium? Here is how they do it.

Insurance providers give the best rates for the type of customer that makes them money. A good example of a driver they prefer might be described as between the ages of 30 and 50, has other policies, and has excellent credit. Someone that hits that “sweet spot” gets the lowest prices and have a good chance to cut their rates if they switch.

Consumers who are not a match for the requirements will be quoted higher premiums and ends up with business going elsewhere. The ad wording is “people who switch” but not “all drivers who get quotes” save the amount stated. That’s why companies can truthfully make claims that they all have the best prices. Because each company has a different risk profile, it is so important to do a rate comparison at every renewal. It’s not possible to predict the company that will give you lower premium rates than your current company.

What auto insurance coverages do you need?

Learning about specific coverages of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most auto insurance policies.

Liability coverages – This coverage protects you from damage that occurs to other people or property in an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers things such as repair costs for stationary objects, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision – Collision insurance pays for damage to your M4 caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like crashing into a ditch, colliding with a tree and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP provide coverage for bills like funeral costs, X-ray expenses and rehabilitation expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your 2017 BMW M4.

Due to the fact that many 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 is important protection for you and your family.

Comprehensive auto coverage – This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, a tree branch falling on your vehicle, fire damage and hail damage. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Saving money makes a lot of cents

As you quote insurance, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut full coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at a price you can afford and still be able to protect your assets.

We just presented a lot of information how to shop for 2017 BMW M4 insurance online. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the lowest car insurance rates are with an unexpected company. These companies may have significantly lower premium rates on certain market segments as compared to the big name companies such as Allstate and Progressive.

Additional insurance information can be found at these links: