Find Affordable BMW Z4 Insurance in Bakersfield

Insurance for BMW Z4Are you researching more competitive BMW Z4 insurance in Bakersfield? Overpriced car insurance in Bakersfield can empty your budget and make it impossible to make ends meet. Getting a rate comparison is a great way to reduce premiums and put more money in your pocket.

It’s safe to conclude that insurance companies don’t want policyholders to shop around. Drivers who get comparison quotes at least once a year will presumably buy a different policy because they stand a good chance of finding a lower-priced company. A recent survey found that consumers who routinely shopped around saved about $865 annually compared to those who don’t regularly compare prices.

If finding the cheapest rates on BMW Z4 insurance is your goal, understanding the best way to quote and compare insurance premiums can save money and time.

With vehicle owners having so many choices for buying lower-cost insurance for a BMW Z4 in Bakersfield, it can be hard to locate the right car insurance provider.

Consumers should take time to shop coverage around on a regular basis because prices fluctuate regularly. Just because you found the best rates on BMW Z4 insurance in Bakersfield six months ago the chances are good that you can find a lower premium rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to how to quote online to find the best coverage while lowering your premiums.

Many insurance companies allow you to get prices for coverage direct online. Getting quotes for BMW Z4 insurance in Bakersfield is possible for anyone as you simply type in the amount of coverage you want into a form. After you submit the form their rating system will obtain reports for credit and driving violations and returns a price quote based on these and other factors. Getting online rate quotes for BMW Z4 insurance in Bakersfield simplifies rate comparisons, and it’s absolutely necessary to compare as many rates as possible if you want to get cheap car insurance pricing.

If you want to compare rates now, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you copy deductibles and limits exactly as they are listed on your policy. This helps ensure you will have rate comparison quotes for similar coverage.

The companies in the list below are our best choices to provide quotes in California. If the list has multiple companies, it’s highly recommended you get price quotes from several of them to get the best price comparison.

Auto insurance data for a BMW Z4

The premium information displayed below covers detailed analysis of insurance policy prices for BMW Z4 models. Knowing how insurance rates are determined can be useful when making smart choices when selecting a coverage provider.

BMW Z4 Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $398 $630 $492 $30 $148 $1,698 $142
Z4 3.5I SDRIVE 2-Dr Roadster $398 $630 $492 $30 $148 $1,698 $142
Get Your Own Custom Quote Go

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes considerably.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is how high should the deductibles for physical damage be. The following tables can help show how much more you’ll pay between low and high deductibles. The first data table uses a $100 deductible for comp and collision and the second price chart uses a $1,000 deductible.

BMW Z4 insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $478 $932 $376 $22 $112 $1,945 $162
Z4 3.5I SDRIVE 2-Dr Roadster $478 $932 $376 $22 $112 $1,945 $162
Get Your Own Custom Quote Go

BMW Z4 insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $266 $490 $376 $22 $112 $1,266 $106
Z4 3.5I SDRIVE 2-Dr Roadster $266 $490 $376 $22 $112 $1,266 $106
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price estimates do not factor in garaging location in Bakersfield which can increase or decrease premiums substantially.

Based on the data above, we can derive that using a $100 deductible will cost you roughly $56 more each month or $672 a year than opting for the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 16 months between claim filings, you would save more money by going with a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $162
Average monthly premium for $1,000 deductibles (subtract): – $106
Monthly savings from raising deductible: $56
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $56
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important note is that a higher deductible level results in having to pay to pay more out-of-pocket when you have to file a claim. You need enough disposable savings in the event you need to pay more for the deductible.

Difference between full coverage and liability only rates

The information below shows the comparison of BMW Z4 insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in California. The data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied.

Deciding between full coverage and liability only

There is no definitive rule that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s pretend your BMW Z4 book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $8,000 after paying the physical damage deductible. If you are paying in excess of $800 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage.

Cut Insurance Costs with These Tips

An important part of buying insurance is that you know the rating factors that aid in calculating the rates you pay for auto insurance. If you have some idea of what positively or negatively impacts your premiums, this helps enable you to make changes that could help you find better auto insurance rates. Many things are considered when premium rates are determined. Some of the criteria are obvious such as your driving record, but some are more transparent like where you live or your vehicle rating.

The factors shown below are a few of the “ingredients” auto insurance companies consider when setting your rates.

Get better rates if married – Your spouse may earn you lower rates on your auto insurance policy. Having a spouse may mean you are more responsible and it’s statistically proven that drivers who are married are more cautious.

Guys are more aggressive – Over the last 30 years, statistics show that females tend to be a little less risky than males. The data does not necessarily mean that men are WORSE drivers than women. Both sexes cause accidents in similar percentages, but men cause more damage and cost insurance companies more money. Not only are claims higher, but men get higher numbers of serious violations like reckless driving and DUI.

The diagram below illustrates the difference between BMW Z4 car insurance costs for male and female drivers. Data assumes no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Proper usage rating affects rates – The more miles you rack up on your BMW in a year’s time the higher the price you pay to insure it. Most companies calculate prices partially by how you use the vehicle. Vehicles that do not get driven very much can be on a lower rate level than those that get driven frequently. Having an incorrect usage rating on your Z4 may be wasting your money. It’s a smart idea to ensure your policy properly reflects how each vehicle is driven.

Improve your credit rating and save – A driver’s credit history is a big factor in calculating your premium rate. If your credit is lower than you’d like, you could be paying less to insure your BMW Z4 if you improve your credit rating. Consumers who have excellent credit tend to file fewer claims than drivers with lower credit ratings.

Liability coverage limits should be high – Your auto insurance policy’s liability coverage will protect you when a jury decides you are liable for causing personal injury or damage in an accident. Your liability coverage provides legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.

Cheaper auto insurance rates with safer cars – Vehicles with high crash test scores cost less to insure. Safer cars protect occupants better and lower rates of occupant injuries means less claims paid and more competitive rates for policyholders.

Vehicle risk impacts prices – The type of car or truck you are buying insurance for makes a significant difference in your rates. Small economy passenger vehicles usually have the lowest premiums, but that’s not the only thing that factors into the final price.

The data below is based on a married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares BMW Z4 car insurance rates compared to other makes and models that have a range of risk factors.

Careless drivers pay higher premiums – Good drivers get better rates compared to bad drivers. Having just one driving citation can boost insurance rates substantially. Drivers unfortunate enough to have severe tickets like DUI or willful reckless driving may be required to prove financial responsibility with their state’s department of motor vehicles in order to drive a vehicle legally.

The diagram below shows how violations and accident claims increase BMW Z4 car insurance rates for different insured age categories. The premiums are based on a married male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

BMW Z4 insurance loss probability – Insurance companies use past insurance losses when setting premium prices. Models that tend to have high amounts or severity of claims will have a higher premium rate. The table below outlines the insurance loss data used by companies for BMW Z4 vehicles.

For each coverage type, the statistical loss for all vehicles compiled together is considered to be 100. Numbers below 100 suggest a positive loss record, while values over 100 indicate frequent claims or an increased likelihood of larger losses.

Car Insurance Loss Data for BMW Z4 Models
Specific BMW Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
BMW Z4 Convertible 131 67 78

Empty fields indicate not enough data collected
Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Insuring your Z4 just makes sense

Despite the high cost of buying insurance for a BMW Z4 in Bakersfield, buying insurance is a good idea for several reasons.

The benefits of insuring your Z4 greatly outweigh the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying over $820 a year so it’s recommended you shop around each time the policy renews to save money.