Find Affordable BMW Z4 Insurance in Philadelphia

Finding more affordable prices on BMW Z4 insurance in Philadelphia might be very difficult for drivers who have little experience comparison shopping online. With literally dozens of companies, it can easily turn into a real hassle to find a cheaper company.

We don’t have to tell you that insurance companies don’t want you to look for cheaper rates. People who shop around at least once a year are very likely to switch companies because there is a great chance of finding coverage at a more affordable price. A survey found that people who routinely compared rates saved as much as $850 each year as compared to drivers who never shopped around for cheaper prices.

If saving the most money on BMW Z4 insurance in Philadelphia is your goal, then learning about how to quote and compare insurance coverage can make the process less intimidating.

If you are paying for car insurance now, you will be able to save money using these techniques. We hope to help you learn how to get online quotes and some tricks to saving. But Pennsylvania car owners must learn how the larger insurance companies calculate your policy premium and use this information to your advantage.

Cheap BMW insurance prices in Philadelphia

The providers in the list below provide price comparisons in Pennsylvania. If more than one company is shown, we suggest you compare several of them in order to find the most affordable rates.

Analysis of BMW Z4 rates

The price information below highlights different insurance prices for BMW Z4 models. Having a good grasp of how premiums are formulated can aid in making smart choices when comparing insurance quotes.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in garaging location in Philadelphia which can raise or lower premium rates considerably.

Higher deductibles save money

One of the most common auto insurance questions is which comprehensive and collision deductibles to buy. The following tables lay out how much more you’ll pay when you buy lower versus higher deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Premium costs do not factor in Philadelphia location which can lower or raise auto insurance rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $17 more each month or $204 every year than quoting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 15 months between claims, you would save more money going with the higher deductible.

The information below shows how choosing a deductible and can affect BMW Z4 premium costs for different age groups of insureds. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Auto insurance premiums based on gender

The diagram below shows the difference between BMW Z4 yearly insurance costs for male and female drivers. The data is based on no claims, a clean driving record, full coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you buy full coverage?

The chart below shows the difference between BMW Z4 auto insurance costs with and without physical damage coverage. The information is based on no accidents, no driving violations, $500 deductibles, drivers are not married, and no discounts are factored in.

When to drop comprehensive and collision

There is no definitive rule to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your BMW Z4 book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after paying your policy deductible. If you are paying over $400 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few cases where removing full coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Lower rate quotes on BMW Z4 insurance in Philadelphia with these car insurance discounts

Not many people think insurance is cheap, but you might be missing out on some discounts that may help make it more affordable. Some discounts apply automatically when you get a quote, but some must be specifically requested prior to getting the savings.

• Passive Restraint Discount – Vehicles with factory air bags or motorized seat belts can get savings of more than 20%.
• New Car Discount – Insuring a new Z4 can cost up to 25% less due to better safety requirements for newer vehicles.
• Driver Safety – Taking part in a defensive driver course is a good idea and can lower rates if you qualify.
• Multi-car Discount – Insuring multiple cars on the same car insurance policy can get a discount for every vehicle.
• Military Deployment Discount – Being on active duty in the military could be rewarded with lower rates.
• Multiple Policy Discount – If you can combine your auto and home policy and insure them both with the same insurance company you may earn at least 10 to 15 percent or more.
• Senior Citizens – Mature drivers could receive a small discount on rates.

We need to note that some of the credits will not apply to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. Despite the appearance that having all the discounts means you get insurance for free, nobody gets a free ride.

The information below compares BMW Z4 insurance costs with and without discounts being applied to the rates. The costs are based on a male driver, a clean driving record, no at-fault accidents, Pennsylvania state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, homeowner, claim-free, and safe-driver discounts applied.

Auto insurance companies who may offer many of the previously listed discounts include:

• The Hartford
• American Family
• Progressive
• Travelers
• Farmers Insurance
• USAA
• Liberty Mutual

Check with each insurance company how you can save money. All car insurance discounts may not be offered in your state. For a list of providers that offer the discounts shown above in Philadelphia, click here.

What Determines BMW Z4 Insurance Prices?

Consumers need to have an understanding of the factors that go into determining the level of your policy premiums. If you know what impacts premium levels, this allows you to make educated decisions that can help you get lower premium levels. Many factors are used when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, although some other factors are less obvious such as your credit history or your financial responsibility.

The factors shown below are some of the most common factors used by insurance companies to determine your rate level.

• Is your vehicle theft-ready? – Owning a car that has an advanced theft prevention system can save you a little every year. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart your car from being stolen.
• You might want pay the inexpensive policy claims yourself – If you tend to file frequent claims, you shouldn’t be surprised to get higher premiums or even policy non-renewal. Companies in Pennsylvania generally give cheaper rates to insureds who do not file claims often. Your insurance policy is designed for claims that pose a financial burden.
• Safer cars mean better insurance rates – Cars with five star safety ratings are cheaper to insure. Safer cars protect occupants better and lower injury rates translates into fewer and smaller insurance claims which can mean better rates for you.
• Extra policy coverages you don’t need – Insurance policies have a lot of additional extra coverages that you can get tricked into buying but may not be useful. Insurance for rental car reimbursement, high-cost glass coverage, and extra life insurance coverage are some examples. They may seem like a good idea when buying your policy, but if they’re wasting money consider taking them off your policy.
• Bundle policies and save – Most major insurance companies apply lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, it’s still a good idea to check prices from other companies to confirm you are receiving the best rates possible. You may still be able to find a better deal even if you insure with multiple companies
• The more you drive the more you pay – The more you drive your BMW annually the more you’ll pay to insure your vehicle. Most companies calculate prices based on their usage. Vehicles not used for work or commuting can get a lower rate compared to those used for work or business. Verify your insurance coverage is rated on annual mileage. Incorrect rating for your Z4 may be costing you.
• Poor credit decisions can cost you – An insured’s credit history can be a huge factor in calculating your insurance rates. So if your credit score can use some improvement, you could potentially save money when insuring your BMW Z4 by improving your rating. Drivers with high credit ratings tend to file fewer claims than drivers who have lower ratings.

• BMW Z4 claim probability – Insurers analyze past claim statistics to help calculate a profitable premium rate. Models that historically have a trend towards higher claims will be charged more to insure. The table below shows the collected loss data for BMW Z4 vehicles.

  For each policy coverage, the claim probability for all vehicles compiled together is considered to be 100. Numbers shown that are under 100 represent a good loss history, while numbers shown that are more than 100 indicate more frequent claims or larger claims.

  
  

  Auto Insurance Loss Data for BMW Z4 Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  BMW Z4 Convertible	131	67	78

  BETTER

  AVERAGE

  WORSE

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

Neighborhood Philadelphia auto insurance agents

Some consumers just prefer to buy from a local agent. One of the great benefits of comparing rates online is you may find cheap auto insurance quotes and still have an agent to talk to. Buying from and supporting small agencies is important particularly in Philadelphia.

To find an agent, once you fill out this short form, your insurance coverage information is instantly submitted to participating agents in Philadelphia who will gladly provide quotes to get your business. You don’t have to leave your computer as quotes are delivered to you instantly. You’ll get the best rates and an insurance agent to talk to. If you need to compare rates for a specific company, don’t hesitate to go to their quote page to submit a rate quote request.

Different types of auto insurance agents in Philadelphia

If you would like to find a good insurance agency, it can be helpful to understand the types of insurance agents and how they differ in how they quote coverages. Insurance agencies in Philadelphia can be categorized as either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agencies

Independent insurance agents do not work for one specific company so as a result can place your coverage through lots of different companies and find the cheapest auto insurance rates. If they find a lower price, your agent can just switch to a different company and you won’t have to switch agencies.

When comparing auto insurance rates, you will definitely want to include at least one independent agent to get the most accurate price comparison. Most also have access to smaller mutual companies which may have better rates.

Featured below is a list of independent insurance agencies in Philadelphia that can give you free rate quotes.

• HandM Insurance Agency
  5829 Rising Sun Ave – Philadelphia, PA 19120 – (215) 745-8001 – View Map
• Crossing Insurance Group
  4252 Richmond St – Philadelphia, PA 19137 – (215) 321-4990 – View Map
• America Insurance Agency Inc
  7214 Frankford Ave – Philadelphia, PA 19135 – (800) 283-0500 – View Map

More insurance agents

Exclusive Auto Insurance Agencies

These agents normally can only provide a single company’s rates and some examples include Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so it’s a take it or leave it situation. Exclusive agents are well schooled on their company’s products and that enables them to sell even at higher rates. Consumers sometimes buy from exclusive agents primarily because of the brand name and solid financial strength.

The following is a short list of exclusive insurance agents in Philadelphia willing to provide price quotes.

• Sharon Owens – State Farm Insurance Agent
  7034 Frankford Ave – Philadelphia, PA 19135 – (215) 333-5544 – View Map
• Erica Bantom Martin – State Farm Insurance Agent
  1124 S Broad St – Philadelphia, PA 19146 – (215) 875-8100 – View Map
• Vince Ovecka – State Farm Insurance Agent
  456 E Girard Ave – Philadelphia, PA 19125 – (215) 739-0800 – View Map

More insurance agents

Finding the right insurance agency shouldn’t rely on just a cheap price. Any agent in Philadelphia should be willing to answer these questions.

• Will they give you a referral list?
• Do they see any coverage gaps in your plan?
• Does their agency support local causes in Philadelphia?
• Will the quote change when the policy is issued?
• If your car is totaled, how to they determine the replacement cost?

Affordable auto insurance rates are out there

We just covered many ways to save on BMW Z4 insurance in Philadelphia. The most important thing to understand is the more quotes you get, the higher your chance of finding cheaper Philadelphia auto insurance quotes. Drivers may even discover the biggest savings come from the smaller companies.

As you shop your coverage around, never buy less coverage just to save a little money. In many cases, an accident victim reduced liability limits or collision coverage and found out when filing a claim they didn’t purchase enough coverage. The proper strategy is to purchase a proper amount of coverage at a price you can afford.

Cheap BMW Z4 insurance in Philadelphia is attainable on the web as well as from insurance agents, so you should compare both in order to have the best price selection to choose from. A few companies don’t offer online price quotes and these regional insurance providers only sell coverage through local independent agents.

To read more, feel free to browse the following helpful articles:

• What to do at the Scene of an Accident (Insurance Information Institute)
• How Much are Car Insurance Quotes for Drivers with a DUI in Philadelphia? (FAQ)
• Help Your Teen Be a Better Driver (State Farm)
• Safety Features for Your New Car (State Farm)