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2008 BMW Z4 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 23, 2017

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Average insurance rates for a 2008 BMW Z4 are $1,076 a year for full coverage insurance. Comprehensive costs an estimated $220, collision costs $314, and liability coverage costs around $406. Buying a liability-only policy costs as low as $450 a year, with high-risk insurance costing around $2,314. Teenage drivers receive the highest rates at $4,118 a year or more.

Annual premium for full coverage: $1,076

Rate estimates for 2008 BMW Z4 Insurance

Comprehensive $220
Collision $314
Liability $406

Rate data is compiled from all 50 U.S. states and averaged for all 2008 BMW Z4 models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a 40-year-old driver, prices range go from as low as $450 for just liability coverage to the much higher price of $2,314 for high-risk insurance.

Liability Only $450
Full Coverage $1,076
High Risk $2,314

View Chart as Image

2008 BMW Z4 insurance rates compared
Column chart showing 2008 BMW Z4 insurance prices range from $635 to $4,118 for full coverage

These differences illustrate why everyone should compare prices for a targeted area and risk profile, rather than using average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2008 BMW Z4 Insurance

Searching Companies

Want better auto insurance rates for your BMW Z4? Shopping for the most affordable auto insurance on the internet can be difficult for beginners to online price comaprisons. Since there are so many online companies, how can consumers effectively compare them all to find the lowest rates?

Consumers need to compare rates at least once a year since insurance rates are adjusted regularly by insurance companies. Even if you got the lowest price for Z4 coverage a couple years back you can probably find a lower rate today. You can find a lot of misleading information regarding auto insurance on the internet, so I’m going to show you a bunch of ideas how to save money.

Finding affordable coverage is not rocket science. Basically, anyone who is required by state law to have insurance coverage will be able to find better rates. But drivers do need to learn the methods companies use to determine prices and apply this information to your search.

Why you might be paying too much to insure your BMW Z4

An important part of buying insurance is that you know the different types of things that play a part in calculating the rates you pay for car insurance. Understanding what impacts premium levels empowers consumers to make smart changes that could result in lower car insurance prices.

  • Drive less and save money – The more miles you rack up on your BMW each year the more you will pay for car insurance. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. If your policy improperly rates your Z4 can cost quite a bit. Ask your agent if your car insurance policy is showing how each vehicle is driven, because it can save money.
  • Marriage brings a discount – Being married can get you a discount on your car insurance policy. Having a significant other translates into being more mature than a single person and it’s statistically proven that married couples file fewer claims.
  • Add-on coverages can add up – There are a ton of additional coverages you can purchase when buying car insurance. Insurance for vanishing deductibles, better glass coverage and membership fees are examples of these. These may sound like a good investment initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Higher deductibles cost less – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your BMW. Some instances where coverage would apply are colliding with a building, collision with an animal, and windstorm damage. Deductibles for physical damage are how much you are required to spend before your car insurance pays a claim. The more expense you are required to pay out-of-pocket, the less your car insurance will be for Z4 coverage.
  • Equipment add-ons that lower car insurance rates – Choosing a vehicle with anti-theft technology or alarm system can help bring down rates. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • High numbers of claims are not good – Auto insurance companies generally give cheaper rates to insureds who do not file claims often. If you frequently file small claims, you can expect higher rates. Car insurance is designed for major claims that would cause financial hardship.
  • Multi-policy discounts can save money – Most car insurance companies will give a discount to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to shop around to verify if the discount is saving money.
  • Where you live can impact rates – Choosing to live in less populated areas can save you money when insuring your vehicles. City drivers have traffic congestion and much longer commute distances. Less people living in that area means reduced accidents.

How to Compare Car Insurance Quotes

Effectively comparing car insurance prices is a ton of work if you don’t know the fastest way to get free quotes. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you could save time and use online quoting to get pricing more quickly.

Most of the best insurance companies enroll in a system that allows shoppers to enter their policy data once, and each company then returns a price quote. This prevents consumers from doing quote forms for each company.

To use this form to compare 2008 BMW Z4 insurance rates click to open in new window.

The only downside to getting quotes like this is that consumers can’t choose which providers you want pricing from. So if you want to choose specific insurance companies to compare rates, we have assembled a list of companies who write car insurance in your area. Click here to view list.

It’s your choice how you get your quotes, but be sure to compare the exact same coverage limits for every company. If you are comparing higher or lower deductibles it will be impossible to determine the lowest rate for your BMW Z4. Quoting even small variations in coverages can mean a large discrepancy in price. And when price shopping your coverage, more quotes helps locate the best rates.

Are you getting all your discounts?

Companies that sell car insurance don’t always publicize every discount in an easy-to-find place, so we break down some of the more common and the more hidden auto insurance savings.

  • Safe Drivers – Safe drivers may save up to 50% more for Z4 coverage than drivers with accident claims.
  • Accident Forgiveness – A handful of insurance companies permit an accident before raising your premiums if you are claim-free for a certain period of time.
  • Student Driver Training – Require your teen driver to enroll in driver’s education in high school.
  • Homeowners Discount – Being a homeowner may trigger a auto insurance policy discount due to the fact that maintaining a home requires personal responsibility.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts could save 15% off the personal injury premium cost.
  • E-sign – A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way.

For a list of companies with the best auto insurance discounts, click here.

When might I need an agent?

When buying adequate coverage, there isn’t really a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that can help discover whether your personal situation would benefit from an agent’s advice.

  • What happens if I owe more than my 2008 BMW Z4 is worth?
  • How high should my medical payments coverage be?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered if I drive in a foreign country?
  • Do I have any recourse if my insurance company denies a claim?
  • Do I need roadside assistance coverage?
  • When should I remove comp and collision on my 2008 BMW Z4?
  • Do I have newly-aquired coverage?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form.

Car insurance coverages 101

Understanding the coverages of car insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive auto coverage

This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like rock chips in glass, fire damage, theft, hitting a bird and a broken windshield. The most a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

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 policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as repair bills for other people’s vehicles, emergency aid, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Collision protection

This coverage pays for damage to your Z4 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as hitting a parking meter, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance provide coverage for expenses for doctor visits, EMT expenses, funeral costs, X-ray expenses and surgery. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your BMW Z4.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Don’t throw your cash in the trash

People who switch companies do it for a number of reasons such as policy non-renewal, lack of trust in their agent, unfair underwriting practices or high prices. Whatever your reason, choosing a new insurance company can be easy and end up saving you some money.

When you buy insurance online, you should never buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. The proper strategy is to find the BEST coverage at a price you can afford.

In this article, we presented a lot of information how to shop for 2008 BMW Z4 insurance online. It’s most important to understand that the more price quotes you have, the better your comparison will be. Consumers may even find the best prices are with a small mutual company.

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Rates by U.S. City

2008 BMW Z4 Insurance Rates by City
City Premium
New York City, NY $1,701
Los Angeles, CA $1,839
Philadelphia, PA $1,434
Jacksonville, FL $1,559
Phoenix, AZ $1,249
Chicago, IL $1,440
Houston, TX $1,685
Seattle, WA $1,046
Columbus, OH $895
Indianapolis, IN $918

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2008 BMW Z4 Insurance Rates by Driver Age
Driver Age Premium
16 $4,118
20 $2,450
30 $1,110
40 $1,076
50 $986
60 $966

Full coverage, $500 deductibles

Rates by Deductible

2008 BMW Z4 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,310
$250 $1,204
$500 $1,076
$1,000 $956

Full coverage, driver age 40

Rates by Liability Limit

BMW Z4 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,076
50/100 $1,157
100/300 $1,259
250/500 $1,523
100 CSL $1,198
300 CSL $1,421
500 CSL $1,584

Full coverage, driver age 40

Rates for High Risk Drivers

2008 BMW Z4 Insurance Rates for High Risk Drivers
Age Premium
16 $5,842
20 $3,902
30 $2,350
40 $2,314
50 $2,208
60 $2,186

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $146

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $56
Multi-vehicle $57
Homeowner $18
5-yr Accident Free $72
5-yr Claim Free $69
Paid in Full/EFT $44
Advance Quote $50
Online Quote $75
Total Discounts $441
Rate after discounts $635

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2008 BMW Z4 Insurance Rates by State
State Premium
Alabama $972
Alaska $828
Arizona $892
Arkansas $1,076
California $1,226
Colorado $1,026
Connecticut $1,104
Delaware $1,218
Florida $1,344
Georgia $994
Hawaii $774
Idaho $728
Illinois $800
Indiana $812
Iowa $726
Kansas $1,022
Kentucky $1,468
Louisiana $1,592
Maine $664
Maryland $888
Massachusetts $858
Michigan $1,868
Minnesota $902
Mississippi $1,288
Missouri $956
Montana $1,156
Nebraska $848
Nevada $1,290
New Hampshire $776
New Jersey $1,204
New Mexico $952
New York $1,134
North Carolina $620
North Dakota $882
Ohio $740
Oklahoma $1,102
Oregon $986
Pennsylvania $1,024
Rhode Island $1,436
South Carolina $976
South Dakota $908
Tennessee $944
Texas $1,296
Utah $796
Vermont $734
Virginia $644
Washington $830
West Virginia $986
Wisconsin $742
Wyoming $958

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