Do you think you bought high-priced BMW Z4 insurance in Aurora? Say no more because you are not the only one feeling buyer's remorse.
Astonishing but true according to a recent study, over 70% of consumers kept their policy with the same company for at least four years, and nearly half have never compared rate quotes at all. Most drivers in Colorado could pocket roughly $600 a year by just comparing quotes, but they just don't understand how easy it is to compare rates online. Many insurers vie to insure your vehicles, so it's not easy to compare every company and uncover the absolute lowest rate possible on BMW Z4 insurance in Aurora.
It's a good idea to price shop coverage before your policy renews since insurance rates go up and down regularly. Just because you had the best deal on BMW Z4 insurance in Aurora on your last policy there is a good chance you can find better prices now. Forget anything you know (or think you know) about auto insurance because I'm going to teach you the quickest way to find lower rates on auto insurance.
If you are insured now or just want cheaper rates, you can use this information to reduce premiums and still have adequate protection. Choosing the most cost-effective car insurance policy in Aurora is not rocket science. Drivers just have to use the proper way to get comparison rates online.
Best BMW Z4 insurance rates in Colorado
The following companies are ready to provide comparison quotes in Aurora, CO. If multiple providers are shown, we suggest you compare several of them to get the most affordable price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Z4 3.0I SDRIVE 2-Dr Roadster||$292||$614||$280||$16||$84||$1,286||$107|
|Z4 3.5I SDRIVE 2-Dr Roadster||$238||$490||$338||$20||$102||$1,188||$99|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can revise coverage rates considerably.
Cost difference between full coverage and liability
The chart below illustrates the difference between BMW Z4 insurance rates with full phyical damage coverage and with liability coverage only. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are applied.
When to switch to liability coverage only
There is no definitive guideline to delete physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let's say your BMW Z4 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after paying your deductible. If it's costing you more than $200 annually for physical damage coverage, then you might consider buying liability only.
There are some circumstances where eliminating full coverage is not advised. If you still owe a portion of the original loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.
Why You Might Pay Higher Rates in Aurora
Part of the auto insurance buying process is learning some of the things that help calculate auto insurance rates. If you have some idea of what controls the rates you pay, this enables you to make decisions that could result in much lower annual insurance costs. Many factors are part of the equation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but others are more obscure such as your marital status and annual miles driven.
Cars with good safety ratings save money - Safer cars tend to have better insurance rates. These vehicles protect occupants better and reduced instances of injuries translates into fewer and smaller insurance claims which can result in lower premiums.
Younger drivers cost more - Older, more experienced drivers are more responsible, file fewer claims, and get fewer tickets.Teen drivers have a tendency to be easily distracted when driving therefore auto insurance rates are much higher.
No auto insurance gaps is important - Driving your car without having proper coverage is illegal and auto insurance companies will penalize you for letting your insurance expire. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you fines or a revoked license. Then you may be required to file a SR-22 with the Colorado motor vehicle department.
Consider raising deductibles - Insurance for physical damage to your car, also called comprehensive and collision insurance, insures against damage to your BMW. A few examples of covered claims would be colliding with a building, flood damage, and rolling your vehicle. Comprehensive and collision coverage deductibles tell how much you are required to pay if a claim is determined to be covered. The more you have to pay, the lower your rates will be.
Limits of liability - Liability coverage will provide protection if ever you are ruled to be at fault for physical damage or personal injury to other. Your liability coverage provides for a legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to physical damage coverage, so do not skimp.
Get hitched and get better premiums - Having a wife or husband may earn you lower rates on auto insurance. Having a significant other translates into being more stable financially it has been statistically shown that married drivers get in fewer accidents.
Insurance losses for a BMW Z4 - Companies use past loss statistics for each vehicle to determine a rate that will be profitable for them. Models that are shown to have higher prevalence or dollar amount of losses will cost more to insure.
The table below demonstrates the loss history for BMW Z4 vehicles. For each coverage type, the loss probablilty for all vehicles averaged together is a value of 100. Values under 100 are indicative of better than average losses, while values that are 100 or greater show a trend for more claims or an increased chance of a larger loss.
Auto Insurance Loss Data for BMW Z4 Models
|Make and 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Verify you're receiving every discount
Some insurance providers do not list all discounts very clearly, so we break down some of the more common and also the lesser-known credits available to you.
- Mature Driver Discount - Mature drivers can possibly qualify for a small decrease in premiums.
- Military Discounts - Being deployed in the military may lower your car insurance rates slightly.
- ABS Braking Discount - Vehicles with anti-lock braking systems are safer to drive and the ABS can save up to 10%.
- Federal Employees - Active or former government employment may reduce rates when you quote Aurora auto insurance with select insurance companies.
- More Vehicles More Savings - Buying coverage for multiple cars on one policy qualifies for this discount.
- Telematics Data - Drivers who elect to allow their company to study driving habits remotely such as Progressive's Snapshot may see discounts as long as they are good drivers.
- Theft Prevention System - Vehicles with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Auto/Life Discount - Not all insurance companies offer life insurance, but some may give you lower car insurance rates if you buy life insurance from them.
- Full Payment Discount - By paying your policy upfront instead of paying each month you can avoid monthly service charges.
Please keep in mind that most of the big mark downs will not be given to all coverage premiums. Most cut the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you could get a free car insurance policy, it just doesn't work that way.
Larger car insurance companies and their possible discounts are outlined below.
- Progressive offers discounts for multi-vehicle, online quote discount, multi-policy, online signing, good student, continuous coverage, and homeowner.
- MetLife includes discounts for accident-free, claim-free, good student, defensive driver, multi-policy, good driver
- Mercury Insurance offers premium reductions for accident-free, location of vehicle, professional/association, type of vehicle, multi-policy, and good driver.
- Nationwide may have discounts that include family plan, business or organization, good student, Farm Bureau membership, easy pay, and accident-free.
- GEICO may include discounts for daytime running lights, five-year accident-free, anti-lock brakes, emergency military deployment, and anti-theft.
- AAA discounts include multi-policy, education and occupation, good driver, anti-theft, good student, multi-car, and AAA membership discount.
If you are trying to find affordable BMW Z4 insurance quotes, ask every prospective company to give you their best rates. Discounts may not be available in Aurora. For a list of companies with the best discounts in Aurora, click here.
Car insurance agents can help
A small number of people would prefer to talk to a local agent and that is OK! Licensed agents can point out coverage gaps and help submit paperwork. The best thing about price shopping on the web is that drivers can save money and get cheap insurance rates and still choose a local agent.
To help locate an agent, after submitting this short form, your insurance data is sent to companies in Aurora who will return price quotes for your business. It makes it easy because there is no need to contact an agency since rate quotes are delivered to you directly. In the event you want to compare rates from a specific company, you can always jump over to their website and fill out the quote form the provide.
Finding the right company shouldn't rely on just a cheap quote. The answers to these questions are important, too.
- Is vehicle mileage a factor when determining depreciation for repairs?
- Are they paid to recommend certain coverages?
- Are there any extra charges for paying monthly?
- Will they give you a referral list?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Do you need full coverage on every vehicle?
If you want to buy insurance from an insurance agent, you should know the types of insurance agents that you can choose from. Insurance agencies in Aurora can either be exclusive or independent (non-exclusive). Both write insurance policies, but it's important to know the difference between them because it may have an impact on which agent you choose.
Exclusive Insurance Agencies
These agents can only write with one company such as State Farm, AAA, Farmers Insurance or Allstate. They usually cannot provide other company's prices so they have to upsell other benefits. Exclusive insurance agents are usually quite knowledgeable on their company's products which helps overcome the inability to quote other rates.
Listed below are Aurora exclusive insurance agencies that are able to give price quote information.
American Family Insurance - Rick Laikola Agency Inc.
3102 S Parker Rd Ste A16 - Aurora, CO 80014 - (303) 696-2666 - View Map
Independent Insurance Agents
Independent agencies often have affiliation with several companies and that allows them to write policies with a variety of different insurance companies and find the cheapest rate. If they find a cheaper price, your agent can switch companies and you can keep the same agent.
If you need cheaper insurance rates, you absolutely need to include rate quotes from multiple independent agents to maximize your price options.
Listed below is a list of independent insurance agencies in Aurora willing to provide comparison quotes.
Upon receiving answers to your satisfaction to any questions you may have as well as low cost BMW Z4 insurance quotes, it's a good possibility that you have found an insurance agency that is reliable enough to properly service your insurance policy. Just be aware that consumers can cancel your coverage any time you want so don't think you are locked into any specific agency for any length of time.
Buyer beware of insurance advertising tricks
Colorado consumers get pounded daily by advertisements that claim the lowest prices by Progressive, GEICO, Allstate and State Farm. All the ads try to convey promises of big savings if you just switch your insurance coverage to their company.
How does every company sell you cheaper insurance coverage? It's all in the wording.
All companies have specific guidelines for the type of driver that earns them a profit. For example, a profitable risk profile may be between 25 and 40, has a clean driving record, and drives a lower-performance vehicle. A driver that hits that "sweet spot" may get the lowest premium rates in Aurora and therefore will pay quite a bit less when switching companies.
People who don't qualify for these criteria will probably have to pay higher rates with the end result being the prospect going elsewhere. The trick is to say "drivers that switch" but not "all drivers who get quotes" save that much when switching. That's the way companies can make it sound like they have such great rates. This really drives home the point why you absolutely need to compare free Aurora auto insurance quotes often. Because without a comparison, you cannot know which company will have the lowest BMW Z4 insurance in Aurora.
Shop around and save
Budget-conscious BMW Z4 insurance is possible both online and from local insurance agents, so you should compare both to have the best selection. Some insurance providers do not offer the ability to get a quote online and most of the time these regional carriers only sell coverage through independent agents.
When you buy Aurora auto insurance online, never buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced full coverage only to regret at claim time that it was a big mistake. The aim is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.
More information can be found at these links:
- Your Car has been Stolen: Now What? (Allstate)
- Who Has Cheap Car Insurance Quotes for a Subaru Outback in Colorado? (FAQ)
- Who Has Affordable Auto Insurance for Active Military in Colorado? (FAQ)
- Which Company has the Cheapest Auto Insurance in Colorado Springs, CO? (FAQ)
- Which Company has the Cheapest Car Insurance in Northglenn, Colorado? (FAQ)
- Who Has Cheap Colorado Auto Insurance for Immigrants? (FAQ)
- Who Has the Cheapest Colorado Car Insurance Rates for Felons? (FAQ)
- Where can I buy Insurance? (Insurance Information Institute)
- Safety Features for Your New Car (State Farm)
- Teen Driver Statistics (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)