Compare BMW Z4 Insurance Rates in Durham

Discount BMW Z4 insuranceThe best way to find more affordable BMW Z4 insurance is to compare prices once a year from companies in Durham.

Step 1: Try to learn about individual coverages and the things you can control to drop your rates. Many factors that drive up the price like your driving record and a negative credit score can be remedied by being financially responsible and driving safely.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while independent agents can provide rate quotes for many different companies. Compare rates now

Step 3: Compare the new rate quotes to your existing policy to see if cheaper Z4 coverage is available in Durham. If you can save some money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

One bit of advice is to try to compare identical deductibles and limits on each quote request and and to get rates from as many different companies as possible. Doing this helps ensure a fair rate comparison and a good representation of prices.

It’s an obvious conclusion that auto insurance companies want to keep you from shopping around. People who shop around for a cheaper policy will most likely move their business because of the good chance of finding a lower rate. A recent survey found that people who routinely shopped around saved on average $3,450 over four years compared to those who never shopped around for cheaper prices.

If saving money on BMW Z4 insurance is your goal, then having an understanding of how to find and compare coverage rates can make it simple to find affordable coverage.

What Affects BMW Z4 Insurance Rates?

Smart consumers have a good feel for some of the elements that help determine insurance rates. If you have a feel for what controls the rates you pay, this enables informed choices that will entitle you to lower premium levels.

Shown below are most of the major factors companies use to determine your rates.

How much is BMW Z4 insurance in Durham?

Finding a better price on auto insurance is not rocket science. You just have to invest a little time comparing rate quotes to find the company with affordable BMW Z4 insurance quotes.

The following companies provide free quotes in Durham, NC. To locate cheap car insurance in Durham, we recommend you visit two to three different companies to get a more complete price comparison.

BMW Z4 coverage analysis

The coverage information displayed below highlights different coverage prices for BMW Z4 models. Understanding more about how insurance prices are determined is important for you to make decisions when choosing a new policy provider.

BMW Z4 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $128 $272 $222 $14 $66 $702 $59
Z4 3.5I SDRIVE 2-Dr Roadster $128 $272 $222 $14 $66 $702 $59
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Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in Durham location which can raise or lower premium rates noticeably.

Auto insurance deductibles

When shopping for auto insurance, a common question is how low should you set your deductibles. The following tables highlight the differences in price when you select higher and lower policy deductibles. The first table uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

BMW Z4 insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $242 $440 $212 $12 $64 $995 $83
Z4 3.5I SDRIVE 2-Dr Roadster $242 $440 $212 $12 $64 $995 $83
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BMW Z4 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $196 $354 $212 $12 $64 $838 $70
Z4 3.5I SDRIVE 2-Dr Roadster $196 $354 $212 $12 $64 $838 $70
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Table data does not factor in your specific Durham location which can impact coverage rates considerably.

Based on this data, using a $250 deductible will cost you about $13 more each month or $156 each year than buying the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have more than 19 months between claims, you would more than likely save some money if you decide on a higher deductible. Here is an example of how we made this calculation.

Average monthly premium for $250 deductibles: $83
Average monthly premium for $500 deductibles (subtract): – $70
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

How accidents and tickets impact rates

The information below highlights how speeding tickets and accidents can influence BMW Z4 car insurance costs for different age categories. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.

BMW Z4 insurance premiums by gender and age

The information below compares BMW Z4 yearly insurance costs for male and female drivers. The data assumes no violations or claims, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Full coverage rates vs. liability-only

The illustration below shows the comparison of BMW Z4 yearly insurance costs with liability coverage only compared to full coverage. The price estimates are based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you pay for full coverage?

There is no clear-cut rule that is best for determining when to drop full coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s say your BMW Z4 replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If you are paying in excess of $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some circumstances where only buying liability is not advised. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Why you need quality insurance for your vehicle

Despite the high cost of buying insurance for a BMW Z4 in Durham, insurance may be required and benefits you in several ways.

The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is overpaying over $865 each year so we recommend shopping around at every renewal to be sure current rates are still competitive.

Affordable rates by taking advantage of discounts

Companies do not list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of both well-publicized in addition to some of the lesser obvious insurance savings. If you do not double check each discount possible, you are paying more than you should be.Discount insurance

It’s important to note that most discount credits are not given to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that it’s possible to get free car insurance, it’s just not the way it works.

The information below shows the difference between BMW Z4 insurance rates with and without discounts being applied to the rates. The premiums are based on a female driver, no claims, a clean driving record, North Carolina 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 claim-free, safe-driver, multi-policy, marriage, multi-car, and homeowner discounts applied.

Insurance companies that may include most of the discounts above possibly include:

If you need low cost Durham car insurance quotes, ask all companies you are considering to give you their best rates. A few discounts may not apply to policies in Durham.

Are car insurance agents of importance?

Many people still like to talk to a local agent and that is a smart decision Most agents can help determine the best coverages and will help you if you have claims. One of the best bonuses of getting free rate quotes online is you can get the lowest rates and still have a local agent.

Find insurance agent in DurhamAfter completing this form (opens in new window), the coverage information is instantly submitted to agents in your area who will give you bids to get your business. There is no need to leave your computer as quotes are delivered to you directly. In the event you want to get a price quote from a specific company, just jump over to their website and give them your coverage information.

Deciding on an insurance company requires you to look at more than just a cheap price. The answers to these questions are important, too.

The different types of car insurance agents

When finding local Durham agents, you need to know there are two different agency structures and how they operate. Agents in Durham are classified as either exclusive or independent (non-exclusive). Either one can sell auto insurance policies, but it’s a good idea to understand why they differ since it can impact buying decisions.

Exclusive Auto Insurance Agencies

These agents can only provide pricing for a single company such as State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. They are very knowledgeable on what they offer and that allows them to sell at a higher price point. Consumers often purchase coverage from exclusives mainly due to the brand legacy rather than having low rates.

The following are Durham exclusive insurance agencies that can give you rate quotes.

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Independent Auto Insurance Agents

Independent agents are normally appointed by many insurers and that enables them to quote your coverage with a variety of different insurance companies and find you cheaper rates. If you are not satisfied with one company, your policy is moved internally without you having to go to a different agency.

If you need cheaper auto insurance rates, you definitely need to get insurance quotes from independent agents to ensure the widest selection of prices. They often place coverage with smaller regional carriers which can be an advantage.

The following are Durham independent insurance agencies that are able to give rate quotes.

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Best car insurance in Durham

Ending up with the right car insurance company is difficult considering how many different insurance companies sell coverage in Durham. The ranking data listed below may help you pick which auto insurers you want to consider purchasing coverage from.

Top 10 Durham Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. AAA Insurance
  4. Nationwide
  5. Safeco Insurance
  6. Progressive
  7. State Farm
  8. The Hartford
  9. The General
  10. Esurance

Be persistent and save

Throughout this article, we presented a lot of ways to shop for BMW Z4 insurance online. The key thing to remember is the more companies you get auto insurance rates for, the higher the chance of saving money. You may even discover the biggest savings come from a smaller regional carrier.

As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. There are too many instances where an insured dropped full coverage only to find out that it was a big error on their part. Your objective should be to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

Cheaper car insurance in Durham can be bought both online in addition to many Durham insurance agents, so you should compare both to get a complete price analysis. Some insurance companies do not offer price quotes online and usually these small, regional companies prefer to sell through local independent agencies.

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