Car Insurance Rate Quotes for a BMW Z4 in Riverside

It’s astonishing, but the vast majority of consumers have stayed with the same insurance company for well over three years, and about 40% of consumers have never compared quotes from other companies. Consumers in America could save roughly $860 a year just by comparing rates, but they don’t invest the time required to find lower-cost rates by getting comparison quotes.

Discount BMW Z4 insuranceThe best way we recommend to get low-cost auto insurance rates is to make a habit of regularly comparing prices from companies who can sell car insurance in Riverside. Rate comparisons can be done by following these guidelines.

An important note is to try to compare the same physical damage deductibles and liability limits on each quote and and to get rate quotes from as many companies as feasibly possible. This provides an apples-to-apples comparison and plenty of rates choose from.

If you are already insured or just want cheaper rates, use these techniques to get lower rates without reducing protection. Buying the cheapest car insurance in Riverside is actually not that difficult if you follow our advice. Smart shoppers only have to learn the best way to quote multiple rates from many different companies online.

Getting a more affordable price on BMW Z4 insurance can be relatively painless. Just take a couple of minutes comparing rates provided by online insurance companies.

Comparing price quotes online is fast and free, and it makes it obsolete to spend your day driving to and from local Riverside insurance agencies. The ability to quote BMW Z4 insurance online eliminates this option unless you prefer the professional guidance only provided by licensed Riverside agents. Some companies do allow you to compare online quotes but purchase the actual policy in an agency.

The companies shown below have been selected to offer free quotes in Riverside, CA. If several companies are displayed, we suggest you click on several of them in order to find the cheapest rates.

Cheap BMW Z4 insurance rates in Riverside

Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that you may not even be aware of. Most are applied when you get a quote, but a few must be manually applied prior to receiving the credit.Car insurance discounts

Discounts lower rates, but many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like medical payments or collision. Despite the appearance that all those discounts means the company will pay you, car insurance companies aren’t that generous.

The illustration below shows the difference between BMW Z4 insurance premiums with and without discounts applied to the premium. Data assumes a male driver, a clean driving record, no claims, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, safe-driver, claim-free, and multi-policy discounts applied.

Auto insurance companies who may offer some of the above discounts include:

Check with each company which discounts you qualify for. Some of the earlier mentioned discounts may not apply to policies in your area. For a list of companies with discount rates in California, click here to view.

Coverage statistics and figures

The information below outlines detailed analysis of coverage prices for BMW Z4 models. Having a good understanding how insurance prices are figured can aid in making decisions on which insurance to purchase.

BMW Z4 Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $300 $616 $424 $26 $128 $1,494 $125
Z4 3.5I SDRIVE 2-Dr Roadster $300 $616 $424 $26 $128 $1,494 $125
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Information does not factor in specific location information which can increase or decrease premiums greatly.

Analysis of deductible levels

A question often asked by Riverside drivers is where should you set your physical damage deductibles. The rates below approximate the differences in price when you choose different coverage deductibles. The first pricing table uses a $250 deductible and the second data table uses a $500 deductible.

BMW Z4 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $430 $780 $376 $22 $112 $1,745 $145
Z4 3.5I SDRIVE 2-Dr Roadster $430 $780 $376 $22 $112 $1,745 $145
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BMW Z4 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $348 $630 $376 $22 $112 $1,488 $124
Z4 3.5I SDRIVE 2-Dr Roadster $348 $630 $376 $22 $112 $1,488 $124
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in specific zip code location which can affect prices noticeably.

Based on this data, using a $250 deductible costs approximately $21 more each month or $252 annually than selecting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average more than 12 months between claims, you would probably be better off by going with a higher deductible.

The diagram below demonstrates how choosing different deductibles and can increase or decrease BMW Z4 yearly insurance costs for different age groups. The price estimates are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Full coverage rates compared to liability-only

The chart below visualizes the comparison of BMW Z4 insurance rates with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are taken into consideration.

When to stop paying for full coverage

There is no clear-cut formula for dropping physical damage coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your BMW Z4 replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $4,000 after the policy deductible has been paid. If you are paying more than $400 annually for comprehensive and collision coverage, then it might be time to buy liability only.

There are some situations where eliminating full coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Why You Might Pay Increased Rates in Riverside

Lots of factors are part of the equation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but others are not as apparent like where you live or your financial responsibility.

Infrequent drivers can save – The higher the mileage driven in a year’s time the more you will pay for car insurance. A lot of insurance companies apply a rate based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time qualify for better rates than those used for commuting. An improperly rated Z4 is just wasting money. Ask your agent if your declarations sheet properly reflects annual mileage.

Pay more by driving carelessly – Your driving citation history has a big impact on rates. Just one speeding ticket or other violation can increase the cost of insurance by twenty percent. Careful drivers have lower premiums than people who have multiple driving citations. People who have flagrant violations like reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent a license revocation.

The illustration below highlights how traffic violations and at-fault fender-benders can increase BMW Z4 auto insurance rates for each different age group. The premium estimates are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied.

Males pay more for auto insurance – Over time, data shows that females tend to be a little less risky than males. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes cause fender benders at a similar rate, but guys get into accidents with more damage. Men also get higher numbers of serious violations such as DWI and reckless driving.

The example below shows the difference between BMW Z4 yearly insurance costs for male and female drivers. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are factored in.

Keep claims to a minimum – Companies in California give discounts to drivers that do not abuse their auto insurance. If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance is designed for the large, substantial claims.

Optional features that cut rates – Selecting a car model with an alarm system can help lower your rates. Theft prevention features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart auto theft.

Bump up coverage deductibles to lower rates – Insurance for physical damage to your car, also known as collision and other-than-collision, covers your vehicle from damage. Some examples of claims that would be covered are running into the backend of another car, damage from fire, or theft. Your deductibles represent how much money you are willing to pay if you file a covered claim. The larger the amount you’re willing to pay, the less your company will charge you for insurance.

Discounts for married couples – Your spouse actually saves money when shopping for car insurance. Marriage translates into being more financially stable and insurance companies reward insureds because drivers who are married file infrequent claims.

High performance vehicles cost more to insure – The type of car you are buying insurance for makes a substantial difference in your rates. Lower cost passenger models usually are quite affordable to insure, but other factors influence the final cost greatly.

The next chart assumes a married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows BMW Z4 car insurance rates compared to other vehicles that have different performances.

BMW Z4 claim statistics – Insurers take into consideration historical loss data for every vehicle as a tool for profitable underwriting. Vehicles that are shown to have a trend towards higher claim severity or frequency will cost more for specific coverages. The data below shows the actual insurance loss data for BMW Z4 vehicles.

For each coverage category, the claim probability for all vehicles, regardless of make or model, is set at 100. Numbers that are below 100 suggest a positive loss record, while percentage values above 100 show a trend for more claims or larger claims.

BMW Z4 Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
BMW Z4 Convertible 131 67 78

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Get rate quotes but work with a local neighborhood Riverside car insurance agent

Some consumers prefer to talk to a local agent and often times that is recommended Good insurance agents will help you protect your assets and help you file claims. The best thing about comparing rate quotes online is that you can find cheap rate quotes and also buy local. Buying from neighborhood insurance agencies is still important in Riverside.

After completing this short form, your coverage information gets sent to insurance agents in Riverside who will gladly provide quotes for your insurance coverage. You won’t need to even leave your home since rate quotes are delivered instantly to you. If you need to get a price quote from one company in particular, you can always visit that company’s website and give them your coverage information.

When looking for a reputable insurance agent or broker, it’s important to understand the types of insurance agents to choose from. Car insurance agents in Riverside can either be exclusive or independent (non-exclusive). Both sell affordable car insurance policies, but it’s important to know why they differ since it can impact the selection process.

Independent Agents

Agents of this type can sell policies from many different companies so they can insure your vehicles with any number of different companies and find the cheapest car insurance rates. If they find a cheaper price, they simply switch companies in-house which makes it simple for you.

When comparing rates, you will definitely want to include rate quotes from several independent insurance agents to have the most options to choose from.

Featured below are Riverside independent agents that may be able to give free price quotes.

9899 Indiana Ave #101Riverside, CA 92503(951) 509-0509View Map

10600 Magnolia Avenue, #BRiverside, CA 92505(951) 689-0540View Map

Epstein Insurance Agency
11750 Carly CourtRiverside, CA 92503(951) 687-1012View Map

More insurance agents

Exclusive Car Insurance Agencies

Exclusive insurance agents write business for a single company like Farmers Insurance or State Farm. Exclusive agents cannot compare other company’s rates so they are skilled at selling on more than just price. These agents are trained well in insurance sales which can be an advantage.

Listed below is a short list of exclusive insurance agents in Riverside willing to provide rate quotes.

3271 Arlington AveRiverside, CA 92506(951) 369-0277View Map

11731 Sterling Ave dRiverside, CA 92503(951) 688-9911View Map

7177 Brockton Ave #340Riverside, CA 92506(951) 777-2446View Map

More insurance agents

Deciding on an auto insurance agent should include more criteria than just the price. Before buying a policy in Riverside, get answers to these questions.

Affordable car insurance premiums are possible

We’ve covered some good ideas how you can reduce BMW Z4 insurance rates online in Riverside. The key concept to understand is the more price quotes you have, the better likelihood of getting the cheapest BMW Z4 rate quotes. Consumers could even find that the biggest savings come from an unexpected company. Some small companies may only write in your state and offer lower auto insurance rates compared to the large companies like State Farm or Progressive.

There are still a few companies who do not provide price quotes online and most of the time these smaller companies work with independent agencies. Cheaper BMW Z4 insurance in Riverside can be bought both online in addition to local insurance agencies, and you should compare price quotes from both to have the best selection.

Additional information is available at the links below