2016 BMW X4 Car Insurance Cost in 2024 – 8 Tips for Best Prices

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 15, 2024

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Baffled by the dozens of insurance choices in your area? drivers have so many choices available that it can easily become a real challenge to locate the lowest premium rates.

It’s a good habit to do rate comparisons at least once a year because prices are usually higher with each renewal. Even if you think you had the lowest rates on X4 coverage two years ago you will most likely find a better rate quote today. Ignore everything you know about insurance because it’s time to teach you the quickest way to lower your annual insurance bill.

Cheap car insurance

To find cheaper car insurance quotes, there are several ways to compare rate quotes from many car insurance companies in your state. The easiest way to find the lowest 2016 BMW X4 rates is simply to get online rate quotes. This can be accomplished in a couple minutes as outlined below.

  • One of the best ways to get the best comparison quotes is to use a rate comparison form. This style of form keeps you from doing separate quote forms for each company. Taking the time to complete one form will return quotes from many national carriers. This is by far the quickest method.
  • A different way to get comparison quotes is going to the website for each individual company and fill out a new quote form. For sake of this example, let’s assume you are doing a rate comparison from Liberty Mutual, State Farm and Allstate. You would be required to go to every website to enter the same coverage data repeatedly, which can take a lot of time.

Whichever method you choose, make sure you compare apples-to-apples coverage information on every price quote you get. If you are comparing different data then you won’t be able to determine which rate is truly the best. Even a minor difference in insurance coverages could throw off the whole comparison. Just remember that comparing all the rates in your area will increase your chances of finding better pricing.

Eight discounts to earn cheap insurance rates

Insuring your vehicles can cost a lot, but you can get discounts that may help make it more affordable. Many discounts should be triggered at quote time, but a few need to be specially asked for before you will receive the discount.

  • Safety Course Discount – Taking a course that instructs on driving safety could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Safe Driver Discounts – Drivers without accidents can get discounts for up to 45% lower rates on X4 coverage compared to accident prone drivers.
  • Bundled Policy Discount – When you combine your home and auto insurance and insure them both with the same insurance company you will save at least 10% off all policies.
  • Good Grades Discount – Being a good student could provide a savings of up to 20% or more. The discount lasts until age 25.
  • Payment Method – If you can afford to pay the entire bill instead of paying each month you may reduce your total bill.
  • Discount for New Cars – Insuring a new car can be considerably cheaper since newer vehicles are generally safer.
  • Club Memberships – Being a member of a professional or civic organization could qualify you for a break when shopping for insurance.
  • Active Service Discounts – Being deployed in the military may lower your rates slightly.

As a sidenote, some of the credits will not apply to the whole policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you can get free auto insurance, insurance companies wouldn’t stay in business.

Large insurance companies and some of the discounts are detailed below.

  • American Family policyholders can earn discounts including TimeAway discount, bundled insurance, good driver, air bags, defensive driver, and mySafetyValet.
  • Nationwide may offer discounts for business or organization, family plan, multi-policy, Farm Bureau membership, and anti-theft.
  • MetLife offers discounts including good driver, multi-policy, defensive driver, good student, and accident-free.
  • 21st Century offers premium reductions for homeowners, defensive driver, anti-lock brakes, teen driver, driver training, automatic seat belts, and student driver.
  • Farmers Insurance offers discounts for mature driver, electronic funds transfer, alternative fuel, pay in full, homeowner, distant student, and good student.
  • Allstate has discounts for premier discount, good payer, eSmart discount, 55 and retired, multi-policy, utility vehicle, and resident student.

Before purchasing a policy, check with each insurance company what discounts are available to you. Some of the earlier mentioned discounts may not apply in your state. To find insurance companies that can offer you the previously mentioned discounts, enter your zip code here.

Tailor your car insurance coverage to you

When it comes to choosing coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For instance, these questions can aid in determining whether you may require specific advice.

  • Do I have newly-acquired coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Are rental cars covered under my policy?
  • Should I put collision coverage on all my vehicles?
  • Does my personal policy cover me when driving out-of-state?
  • Is my nanny covered when driving my vehicle?
  • Exactly who is provided coverage by my policy?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, fill out your zip code.

Save $412 a year! What?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on TV and radio. All the ads state the claim that drivers can save some big amount if you move your policy. How does every car insurance company make almost identical claims? It’s all in the words they use.

Many companies have strict underwriting profiles for the right customer that will generate a profit. An example of a driver they prefer may need to be over the age of 50, has never had a policy lapse, and has great credit. Anybody that hits that “sweet spot” may get the lowest auto insurance rates and most likely will save money with a new company.

Insureds who are not a match for the ideal profile may receive higher rates which usually ends up with the customer buying from someone else. The trick is to say “drivers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That is how companies can truthfully make those claims.

Each company has different criteria, so you absolutely need to do a price quote comparison at every renewal. It’s just too difficult to predict which car insurance company will fit your personal profile best.

Educate yourself about car insurance coverages

Having a good grasp of a car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, damage from getting keyed, hitting a deer and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like doctor visits, rehabilitation expenses and X-ray expenses. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverage protection

This will pay to fix damage to your X4 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, damaging your car on a curb, rolling your car and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Liability coverage

Liability insurance provides protection from damages or injuries you inflict on a person or their property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as pain and suffering, attorney fees, loss of income and legal defense fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your BMW X4.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Buy Smart and Save

Affordable 2016 BMW X4 insurance can be found from both online companies and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. Some insurance companies may not have rates over the internet and many times these regional carriers only sell through independent agents.

When trying to cut insurance costs, do not reduce coverage to reduce premium. There have been many cases where someone sacrificed liability coverage limits only to discover later that the savings was not a smart move. The proper strategy is to purchase plenty of coverage at the best possible price, but do not sacrifice coverage to save money.

People who switch companies do it for any number of reasons including denial of a claim, questionable increases in premium, being labeled a high risk driver and policy non-renewal. Regardless of your reason, finding the right car insurance provider is pretty simple and you could end up saving a buck or two.

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