2022 BMW 4 Series Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 1, 2024

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Feel like you have overpriced auto insurance? You’re in good company because there are many consumers feeling the pinch from expensive auto insurance. Drivers have many auto insurance companies to buy insurance from, and though it is a good thing to have multiple companies, so many choices can make it hard to get the best deal.

It’s important to get comparison quotes as often as possible because insurance prices are usually higher with each renewal. Just because you had the best deal for 4 Series insurance a few years ago the chances are good that you can find a lower rate quote today. Forget all the misinformation about auto insurance because you’re about to learn the proper way to lower your annual insurance bill.

Finding the best rates is quite easy. If you have a current insurance coverage policy or are shopping for new coverage, you can follow these tips to cut your premiums and possibly find even better coverage. Drivers only need an understanding of the most effective way to buy insurance coverage over the internet.

What determines BMW 4 Series insurance rates?

Lots of things are part of the equation when premium rates are determined. A few of the factors are predictable like your driving record, although some other factors are more obscure such as your credit history or your financial responsibility. Smart consumers have a good feel for the rating factors that go into determining auto insurance rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could result in big savings.

  • Multiple policies with one company can save – Lots of insurers apply lower prices to customers who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even with this discount applied, you still need to compare other company rates to help ensure you have the lowest rates.
  • Drive less and save – The higher the mileage driven every year the more you will pay for auto insurance. Almost all companies charge rates based on their usage. Cars that do not get driven very much can get a lower rate than those used for commuting. Having an incorrect usage rating on your 4 Series may be costing you higher rates. It’s a smart idea to ensure your policy shows the correct driver usage.
  • Are males or females drivers cheaper? – The statistics show that females tend to be a little less risky than males. The data does not necessarily mean that women are BETTER drivers than men. Men and women are responsible for accidents at about the same rate, but men tend to have higher claims. Men also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.
  • Never let your auto insurance policy lapse – Going without insurance can be a guaranteed way to bump up your auto insurance costs. Not only will you pay more, getting caught without coverage will get you a steep fine or even jail time. You will then be forced to file a SR-22 with your state department of motor vehicles.
  • Poor credit rating equals high rates – Your credit history can be a huge factor in determining premium rates. Drivers who have excellent credit tend to file fewer claims than those with lower credit scores. If your credit history is low, you could potentially save money when insuring your 2022 BMW 4 Series if you clean up your credit.
  • Low coverage deductibles cost more – The deductibles are how much the insured will be required to pay before a claim is paid by your company. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of claims that would be covered are colliding with a stationary object, vandalism, and having a roll-over accident. The larger the amount you choose to pay out-of-pocket, the bigger discount you will receive for 4 Series insurance.
  • GPS tracking and theft deterrents lower auto insurance rates – Owning a car with an alarm system can help bring down rates. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent vehicle theft.
  • Lower stress equals lower prices – Do you work in a high-stress field? Jobs like military generals, architects and medical professionals tend to pay the highest average rates attributed to high stress and lengthy work days. On the flip side, jobs such as actors, athletes and retirees get better rates for 4 Series insurance.

Insurance companies offer many types of discounts

Some providers don’t always publicize every available discount in an easy-to-find place, so the list below contains both the well known and also the lesser-known discounts that you can inquire about if you buy insurance coverage online. If you check and find you aren’t receiving every discount you deserve, you’re just leaving money on the table.

  • Discount for New Cars – Buying a new car instead of a used car can cost up to 25% less since new model year vehicles are generally safer.
  • Cautious Driver Discounts – Accident-free drivers can get discounts for up to 45% lower rates for 4 Series insurance than drivers with accident claims.
  • Drivers Ed for Students – It’s a good idea to have your young drivers complete a driver education course if offered at their school.
  • Low Mileage Discounts – Driving less can qualify you for lower prices on the low mileage vehicles.
  • Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to use a seat belt could cut 10% or more off the medical payments premium.
  • Good Grades Discount – A discount for being a good student may save you up to 25%. Earning this discount can benefit you up until you turn 25.
  • No Claim Discounts – Claim-free drivers get the best insurance rates when compared to drivers who are more careless.
  • Life Insurance Discount – Companies who offer life insurance give a small discount if you purchase life insurance.
  • Multi-Vehicle Discounts – Buying a policy with more than one vehicle with one company can reduce the rates for all insured vehicles.

Policy discounts save money, but many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, it doesn’t quite work that way.

To see providers that offer discounts, enter your zip code here.

Do I just need basic coverages?

When choosing coverage, there isn’t really a single plan that fits everyone. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining whether your personal situation could use an agent’s help.

  • Exactly who is provided coverage by my policy?
  • When would I need rental car insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • Can I make deliveries for my home business?
  • Can I get a multi-policy discount?
  • Do I need roadside assistance coverage?
  • Is my ex-spouse still covered by my policy?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and enter your zip code. It’s fast, free and may give you better protection.

Coverage specifics

Knowing the specifics of auto insurance helps when choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for expenses like nursing services, hospital visits and X-ray expenses. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, damaging your car on a curb, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive insurance – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hail damage, damage from a tornado or hurricane, hitting a deer and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as damage to your 2022 BMW 4 Series.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability auto insurance – This coverage can cover injuries or damage you cause to other people or property by causing an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for things such as funeral expenses, structural damage, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.

A penny saved is a penny earned

When getting insurance coverage quotes online, never buy poor coverage just to save money. In many cases, an insured dropped comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. Your goal should be to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

Low-cost 2022 BMW 4 Series insurance can be purchased from both online companies and from local agencies, and you need to comparison shop both to get a complete price analysis. Some insurance companies may not have internet price quotes and many times these small, regional companies work with independent agents.

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