Cheap Rates for BMW Z4 Insurance in Santa Ana

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It's safe to conclude that auto insurance companies want to prevent you from shopping around. People who shop around annually will, in all likelihood, switch companies because there is a high probability of finding a more affordable policy premium. A recent survey discovered that drivers who faithfully checked for cheaper rates saved $70 a month compared to people who never shopped around.

If finding the best price on auto insurance is your ultimate target, knowing the best ways to shop for cheaper coverage can make shopping around easier.

Insurance quote for BMW Z4 in Santa AnaIf you want to find the absolute lowest rates, then the best way to save money on BMW Z4 insurance in Santa Ana is to do an annual price comparison from companies who sell insurance in California.

  • Step 1: Get an understanding of how your policy works and the changes you can make to lower rates. Many factors that drive up the price such as accidents, careless driving, and a poor credit rating can be controlled by making small lifestyle or driving habit changes. Continue reading for more ideas to keep prices down and find overlooked discounts.
  • Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO and State Farm, while independent agencies can quote rates for many different companies.
  • Step 3: Compare the new rates to the premium of your current policy and see if there is a cheaper rate in Santa Ana. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Provide written notification to your current company of your intent to cancel the current policy and submit a completed policy application and payment to the new company. Once the application is submitted, put the certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

A crucial key to this process is to use identical coverages on each quote request and and to get price quotes from as many companies as you can. This provides a level playing field and the best price selection.

Comparing quotes for the best auto insurance policy in Santa Ana can be fairly easy. Essentially anyone who is looking for cheaper auto insurance stands a good chance to get better rates. Nevertheless, California consumers can benefit from knowing how big insurance companies determine prices.

When comparison shopping, comparing more prices increases the chance that you will find better pricing.

The following companies have been selected to offer free rate quotes in Santa Ana, CA. If multiple companies are shown, it's a good idea that you visit several of them to get a more complete price comparison.

Discounts can help lower rates on BMW Z4 insurance in Santa Ana

Auto insurance is easily one of your largest bills, but you may qualify for discounts to cut the cost considerably. Some trigger automatically at the time of purchase, but less common discounts must be asked for in order for you to get them.Cheaper auto insurance with discounts

  • Discount for New Cars - Insuring a new Z4 can save up to 30% because newer models keep occupants safer.
  • Multi-policy Discount - If you combine your auto and homeowners policies and insure them with the same company you could get a discount of as much as 10 to 15 percent.
  • Discounts for Government Workers - Active or retired federal employment could qualify for a slight premium decrease but check with your company.
  • Seat Belt Usage - Forcing all vehicle occupants to fasten their seat belts could cut 10% or more off PIP or medical payments premium.
  • Military Rewards - Having a deployed family member can result in better prices.
  • Smart Student Discounts - A discount for being a good student may save you up to 25%. Most companies allow this discount up until you turn 25.
  • Theft Prevention System - Vehicles that have factory alarm systems and tracking devices help deter theft so companies will give you a small discount.

Just know that most discount credits are not given to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, company stockholders wouldn't be very happy.

The diagram below shows the comparison of BMW Z4 insurance rates with and without discounts applied to the premium. The premiums are based on a male driver, no violations or claims, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-policy, safe-driver, and multi-car discounts applied.

For a list of auto insurance companies that have a full spectrum of discounts in Santa Ana, click here.

Insurance coverage details

The rate information displayed next outlines different insurance costs for BMW Z4 models. Understanding more about how rate quotes are determined can assist in making informed coverage decisions.

BMW Z4 Insurance Rates in Santa Ana, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $430 $780 $376 $22 $112 $1,720 $143
Z4 3.5I SDRIVE 2-Dr Roadster $430 $780 $376 $22 $112 $1,720 $143
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price estimates do not factor in zip code location which can lower or raise premiums substantially.

How high should deductibles be?

One common question asked by Santa Ana drivers is how high should the deductibles for physical damage be. The rates below can help illustrate the price difference when you select higher and lower coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

BMW Z4 insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $478 $932 $376 $22 $112 $1,945 $162
Z4 3.5I SDRIVE 2-Dr Roadster $478 $932 $376 $22 $112 $1,945 $162
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BMW Z4 insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Z4 3.0I SDRIVE 2-Dr Roadster $266 $490 $376 $22 $112 $1,266 $106
Z4 3.5I SDRIVE 2-Dr Roadster $266 $490 $376 $22 $112 $1,266 $106
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Prices do not factor in specific location which can modify premiums greatly.

Based on the figures above, using a $100 deductible costs roughly $56 more each month or $672 annually than selecting the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 16 months between claim filings, you would more than likely save some money going with the higher deductible. Below is a better example of how we made this calculation.

Average monthly premium for $100 deductibles: $162
Average monthly premium for $1,000 deductibles (subtract): - $106
Monthly savings from raising deductible: $56
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $56
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One big caveat is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense if you have a claim. You must have some extra savings in the event you have to pay the deductible for vehicle repair.

Safe drivers pay less for insurance

The illustration below highlights how speeding tickets and at-fault claims can drive up BMW Z4 auto insurance costs for each different age group. The prices are based on a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

Insurance prices based on gender

The illustration below visualizes the comparison of BMW Z4 insurance premiums for male and female drivers. The information is based on no violations or claims, full physical damage coverage, $100 deductibles, drivers are not married, and no other discounts are factored in.

Best auto insurance in Santa Ana

Buying coverage from a highly-rated auto insurance company can be a challenge considering how many companies are available to choose from in Santa Ana. The company information shown below may help you pick which coverage providers you want to consider comparing price quotes from.

Top 10 Santa Ana Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. AAA of Southern California
  5. Titan Insurance
  6. The General
  7. AAA Insurance
  8. State Farm
  9. Mercury Insurance
  10. Nationwide

Top 10 Santa Ana Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+

Santa Ana Insurance Premiums are Influenced by These Factors

Multiple criteria are considered when pricing auto insurance. Some are obvious such as your driving record, but others are less obvious such as your marital status and annual miles driven. Part of the insurance buying process is learning some of the factors that help calculate the rates you pay for insurance. When you know what positively or negatively impacts premium levels, this empowers consumers to make smart changes that may result in lower insurance prices.

Save by driving less - Driving a lot of miles every year the more you'll pay to insure it. The majority of insurers rate vehicles based on their usage. Vehicles that do not get driven very much receive lower rates than cars that get driven a lot. It's always a good idea to double check that your vehicle rating correctly shows the correct driver usage, because improper ratings can cost you money. Having an incorrect usage rating on your Z4 may be costing you.

Your address can affect costs - Having an address in less populated areas of the country has definite advantages if you are looking for the lowest rates. Drivers in populated areas have more aggressive driving styles and more time behind the wheel. Fewer drivers on the road corresponds to lower accident rates as well as less vandalism and auto theft.

Deter car thieves - Driving a car with anti-theft technology or alarm system can get you a discount on your insurance. Systems that thwart thieves such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help prevent your car from being stolen.

Teen drivers cost more - Drivers with little experience have a tendency to be easily distracted when behind the wheel and because of this, their insurance rates are much higher. Parents adding a beginning driver to your policy can cause a big jump in price. More mature drivers tend to be more responsible, file fewer claims, and usually have better credit.

The chart below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

BMW Z4 claim data - Insurers use claims history when they calculate premium costs for each model. Models that statistically have higher claim amounts or frequency will have a higher cost to insure. The next table shows the actual insurance loss data for BMW Z4 vehicles.

For each coverage category, the claim probability for all vehicles compiled together is set at 100. Numbers below 100 indicate a favorable loss history, while percentages above 100 indicate more frequent losses or an increased chance of a larger loss.

Insurance Loss Ratings for BMW Z4 Vehicles
Vehicle 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: Insurance Institute for Highway Safety for 2013-2015 Model Years