2013 BMW Z4 Insurance Rates
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UPDATED: Jun 13, 2015
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Average insurance rates for a 2013 BMW Z4 are $1,268 a year for full coverage. Comprehensive costs an estimated $278 each year, collision insurance costs $464, and liability costs $390. Buying a liability-only policy costs as little as $438 a year, and high-risk insurance costs around $2,738. Teenage drivers receive the highest rates at up to $4,718 a year.
Annual premium for full coverage: $1,268
Rate estimates for 2013 BMW Z4 Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2013 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 the average driver, prices range range from as low as $438 for just liability coverage to a high rate of $2,738 for a driver that may need high-risk insurance.
These differences show why all drivers should compare rates for a targeted area and risk profile, instead of making a decision based on 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 2013 BMW Z4 Insurance
Searching for cheaper auto insurance rates for your BMW Z4? No one in their right mind looks forward to paying for auto insurance, in particular when they are paying too much.
Companies like GEICO, Progressive and Allstate increase brand awareness with fancy advertisements and it is challenging if not impossible to avoid their marketing magic and do the work needed to find the best deal.
Consumers need to compare rates on a regular basis because insurance rates change quite often. Even if you think you had the best price on Z4 insurance a year ago you will most likely find a better rate today. There is a lot of bad information regarding auto insurance online but by reading this article, you’re going to learn some proven techniques to find cheap auto insurance.
The easiest way to get policy rate comparisons utilizes the fact most insurance companies provide online access to compare their rates. The only thing you need to do is provide information like your job, distance driven, types of safety features, and an estimate of your credit level. Your information is then sent to insurance carriers in your area and they return cost estimate with very little delay.
How to save on 2013 BMW Z4 insurance
Companies don’t always list all their discounts in an easy-to-find place, so the following is a list of both well-publicized as well as the least known ways to save on car insurance.
- Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Discount for Good Grades – This discount can earn a discount of 20% or more. The good student discount can last up until you turn 25.
- Multi-car Discount – Having more than one vehicle on one policy can get a discount on all vehicles.
- Federal Government Employee – Active or retired federal employment can earn a discount up to 10% on Z4 insurance with select insurance companies.
- Discount for Life Insurance – Larger companies have a break if you buy life insurance from them.
- Multiple Policy Discount – If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
- Early Switch Discount – Select companies give a discount for switching to them prior to your current policy expiring. It’s a savings of about 10%.
- Sign Online – Certain companies may give you up to $50 for buying your policy on their website.
- Payment Method – By paying your policy upfront instead of paying each month you can actually save on your bill.
Drivers should understand that most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates adding up those discounts means a free policy, companies wouldn’t make money that way.
Car insurance companies that may offer these discounts include:
It’s a good idea to ask each company how you can save money. Some discounts might not be offered in every state.
Tailor your coverage to you
When choosing the best auto insurance coverage for your vehicles, there is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can aid in determining if your situation might need professional guidance.
- If I drive on a suspended license am I covered?
- Does having multiple vehicles earn me a discount?
- What is high-risk coverage and where do I buy it?
- Should I get collision insurance on every vehicle?
- How high should deductibles be on a 2013 BMW Z4?
- Is there coverage for injuries to my pets?
- Do I need an umbrella policy?
- Is motorclub coverage worth it?
- Should I sign the liability waiver when renting a car?
- Does my policy pay for OEM or aftermarket parts?
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
These factors can influence BMW Z4 insurance rates
Consumers need to have an understanding of the different types of things that come into play when calculating insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that may reward you with much lower annual insurance costs.
The list below includes a few of the “ingredients” companies use to determine rates.
- Multi-policy discounts can save money – Most insurance companies will give a discount to policyholders who buy several policies from them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.
- How’s your driving record? – Only having one moving violation can increase rates twenty percent or more. Good drivers get better rates than bad drivers. Drivers with serious tickets like DWI, reckless driving or hit and run convictions are required to file a SR-22 with the DMV in their state in order to continue driving.
- Protect your assets with liability insurance – Liability coverage will protect you if ever you are found to be at fault for personal injury or accident damage. It provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so buy as much as you can afford.
- Clean credit earns discounts – Credit score is a large factor in calculating your insurance rates. If your credit rating is lower than you’d like, you could be paying less to insure your 2013 BMW Z4 by repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than those with poor credit.
- Your spouse saves you money – Having a spouse actually saves money on insurance. Marriage means you’re more mature than a single person and statistics show drivers who are married are more cautious.
- What are your deductibles? – Deductibles for physical damage define the amount you are required to spend before your insurance pays a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The higher the amount you’re willing to pay, the bigger discount you will receive on Z4 insurance.
- Women pay lower rates – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. They both cause accidents at a similar rate, but men cause more damage. Men also receive more costly citations such as DWI and reckless driving. Young males are the most expensive to insure and therefore have the most expensive insurance rates.
Don’t be fooled by advertising claims
Auto insurance companies such as GEICO, State Farm and Progressive consistently run television and radio advertisements. They all seem to make an identical promise that you can save if you change to them. How can each company make almost identical claims?
Different companies are able to cherry pick for the type of driver that earns them a profit. A good example of a desirable insured could possibly be over the age of 40, owns a home, and has a short commute. A customer getting a price quote who meets those qualifications will get very good rates and therefore will save a lot of money.
Potential customers who fall outside the requirements will have to pay more money and ends up with business not being written. The ad wording is “customers that switch” but not “drivers who get quotes” save money. This is how companies can truthfully claim big savings. Because of the profiling, drivers should quote coverage with many companies. It’s impossible to know which company will give you the biggest savings on BMW Z4 insurance.
Specifics of your insurance policy
Knowing the specifics of a insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from insurance companies.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for hospital visits, dental work, funeral costs and rehabilitation expenses. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, 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.
Collision coverage pays for damage to your Z4 from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like sideswiping another vehicle, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to bring the cost down.
Liability coverage protects you from damage or injury you incur to other’s property or people that is your fault. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have 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 coverage protects against claims like bail bonds, loss of income, medical expenses and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things such as damage from flooding, theft and hail damage. The most a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
A penny earned…
We’ve covered many tips how you can save on 2013 BMW Z4 insurance. It’s most important to understand that the more quotes you get, the better likelihood of reducing your rate. Consumers could even find that the lowest priced insurance comes from a company that doesn’t do a lot of advertising. Regional companies can often provide lower rates in certain areas compared to the large companies like Progressive or GEICO.
The cheapest insurance is attainable from both online companies in addition to many insurance agents, so compare prices from both to have the best chance of lowering rates. A few companies do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.
Rates by U.S. City
|New York City, NY||$2,001|
|Los Angeles, CA||$2,169|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$92|
|5-yr Claim Free||$82|
|Paid in Full/EFT||$57|
Discounts are estimated and may not be available from every company or in every state.