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Key Takeaways
- Insurance for an BMW Z4 costs an average of $3,851 annually or $320 per month.
- The cheapest insurance provider for BMW Z4 is Erie at an average of $1,407 per annum.
- The car insurance premium rates are higher for young adults and those with poor credits.
BMW Z4 Auto Insurance Cost
The BMW Z4 is a sleek and sporty two-seater roadster known for its impressive performance and luxury features. Whether it's the convertible option or the advanced tech inside, the Z4 combines comfort and thrill in one package, making it a standout in the sports car world. However, you should be keen while choosing an insurance policy for your BMW Z4. The wrong provider can cause you huge loss.
On average, BMW Z4 insurance will cost $3,851 per year. However, there are ways you can cut costs on your BMW Z4 insurance policy – especially by choosing the right kind of service provider.
It's now easier than ever to get a free quote for your BMW Z4- use Way.com to find multiple vetted insurance providers and compare deals in just minutes!
What impacts the cost of BMW Z4 Auto Insurance?
There are several factors that may impact the premium rates of your BMW Z4. The given is some of the common factors that may directly influence your insurance costs.
- The driver's age
- The driver's gender
- The city you are in
- The age of the car
- Trim level of the car
- The insurance company you choose
BMW Z4 Insurance Cost by Age
Teenagers have to pay higher premium rates for their BMW Z4 compared to the rest of the age group. The premium rates for teenagers at different ages range from $13,036 to $10,672. This is often because of the relatively shorter driving history they have. Senior citizens pay around six times lesser premium amounts compared to teenagers.
| Age | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| 17 | $1,086.33 | $13,036 |
| 18 | $1,010.83 | $12,130 |
| 19 | $889.33 | $10,672 |
| 20 | $778.67 | $9,344 |
| 21 | $656.08 | $7,873 |
| 22 | $632.83 | $7,594 |
| 23 | $554.75 | $6,657 |
| 24 | $530.58 | $6,367 |
| 25 | $453.25 | $5,439 |
| 30 | $354.58 | $4,255 |
| 35 | $336.42 | $4,037 |
| 40 | $323.50 | $3,882 |
| 45 | $308.67 | $3,704 |
| 55 | $285.83 | $3,430 |
| 65 | $299.83 | $3,598 |
| 75 | $380.17 | $4,562 |
BMW Z4 Insurance Cost by Model Year
Older BMW Z4 models will generally cost lesser to insure, because newer models with better features and equipment may have already entered the market. This would make older models cheaper and less desirable to the customers. However, there are certain older BMW Z4 models that have higher insurance premium rates due to the increased likelihood of needing repairs. The higher cost of replacement parts and potentially higher risk of theft associated with those specific model years also contribute to the increased premiums.
The average auto insurance premium for a 2023 BMW Z4 is $2,032.89/year. This is cheaper than most of the older models.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2023 BMW Z4 | $169.41 | $2,032.89 |
| 2022 BMW Z4 | $174.74 | $2,096.90 |
| 2021 BMW Z4 | $279 | $3,348 |
| 2020 BMW Z4 | $171 | $2,052 |
| 2016 BMW Z4 | $186.49 | $2,237.83 |
| 2015 BMW Z4 | $257 | $3,084 |
| 2014 BMW Z4 | $116 | $1,392 |
| 2013 BMW Z4 | $153 | $1,836 |
| 2012 BMW Z4 | $171.00 | $2,052 |
| 2011 BMW Z4 | $156.00 | $1,872 |
| 2010 BMW Z4 | $200.00 | $2,400 |
BMW Z4 Cheapest Insurance Cost by Company
Based on the research done by the Way.com team, Erie offers the cheapest BMW Z4 insurance rates with an annual premium of $1,407/year.
Remember that the cheapest rates don't always mean the best. You'll need to make a thorough comparison of the offer and check if it includes all the features you want.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Erie | $117.25 | $1,407 |
| GMAC Insurance Group | $163.75 | $1,965 |
| State Farm | $138.00 | $1,656 |
| Allied | $173.25 | $2,079 |
| USAA | $194.67 | $2,336 |
Cheapest Insurance Companies Based on BMW Z4 Model Years
2023 BMW Z4
The average car insurance cost for a 2023 BMW Z4 is $2,032.89 per year. However, Erie offers the cheapest rates, with an annual premium of $1,407.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $117.25 | $1,407 |
| North Carolina Farm Bureau | $134.67 | $1,616 |
| State Farm | $138.00 | $1,656 |
| GMAC Insurance Group | $163.75 | $1,965 |
| Allied | $173.25 | $2,079 |
| Penn National | $184.50 | $2,214 |
| Nationwide | $185.00 | $2,220 |
| Metropolitan | $186.50 | $2,238 |
| Allstate | $241.75 | $2,901 |
2022 BMW Z4
The average car insurance cost for a 2022 BMW Z4 is $2,096.90 per year. However, Dairyland offers the cheapest rates, with an annual premium of $292.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Dairyland | $24.33 | $292 |
| Kemper Auto | $26.00 | $312 |
| Plymouth Rock | $30.50 | $366 |
| Farm Bureau Mutual (IA Group) | $110.00 | $1,320 |
| Allied | $166.33 | $1,996 |
| Country | $170.92 | $2,051 |
| New Jersey Manufacturers | $186.75 | $2,241 |
| Safe Auto | $211.25 | $2,535 |
| California Capital | $221.33 | $2,656 |
| Safeway | $224.75 | $2,697 |
2021 BMW Z4
The average annual insurance cost for a 2021 BMW Z4 is $3,348. However, Plymouth Rock offers the cheapest rates, with an annual premium of $510.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| USAA | $194.67 | $2,336 |
| California Capital | $248.50 | $2,982 |
| Unitrin | $314.50 | $3,774 |
| Farmers | $324.50 | $3,894 |
| State Farm | $379.67 | $4,556 |
| 21st Century | $383.17 | $4,598 |
| Mercury | $401.67 | $4,820 |
| Alliance United | $404.75 | $4,857 |
| CSAA | $434.00 | $5,207 |
| Hartford | $441.67 | $5,300 |
2020 BMW Z4
The average car insurance cost for a 2020 BMW Z4 is $2,052 per year. However, Nationwide offers the cheapest rates, with an annual rate of $1,703.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Nationwide | $141.92 | $1,703 |
| USAA | $151.17 | $1,814 |
| Allied | $169.42 | $2,033 |
| Mercury | $173.17 | $2,078 |
| State Farm | $193.75 | $2,325 |
| California Capital | $195.67 | $2,348 |
| Farmers | $212.17 | $2,546 |
| Alliance United | $236.00 | $2,832 |
| Unitrin | $241.17 | $2,894 |
| CSAA | $252.50 | $3,030 |
2016 BMW Z4
The average car insurance cost for a 2016 BMW Z4 is $2,237.83 per year. However, Farm Bureau Mutual offers the cheapest rates, with an annual rate of $1,107.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Farm Bureau Mutual (IA Group) | $92.25 | $1,107 |
| Travelers | $98.17 | $1,178 |
| Texas Farm Bureau Group | $103.17 | $1,238 |
| State Farm | $104.00 | $1,248 |
| USAA | $106.08 | $1,273 |
| Allied | $118.92 | $1,427 |
| Nationwide | $132.42 | $1,589 |
| Mercury | $136.92 | $1,643 |
| Republic Indemnity | $143.17 | $1,718 |
| CSAA | $146.50 | $1,758 |
2015 BMW Z4
The average car insurance cost for a 2015 BMW Z4 is $3,084 per year. However, Clearcover offers the cheapest rates, with an annual rate of $426.
| Company | Avg. Monthly Rate | Annual Premium |
|---|---|---|
| Clearcover | $35.50 | $426 |
| Nationwide | $55.75 | $669 |
| State Farm | $123.58 | $1,483 |
| Liberty Mutual | $181.25 | $2,175 |
| National General | $182.17 | $2,186 |
| Oregon Mutual | $200.25 | $2,403 |
| Allied | $212.42 | $2,549 |
| USAA | $217.00 | $2,604 |
| Mercury | $217.75 | $2,613 |
| Sentry | $251.50 | $3,018 |
2014 BMW Z4
The average car insurance cost for a 2014 BMW Z4 is $1,392 per year. However, Nationwide offers the cheapest rates, with an average annual rate of $817.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Nationwide | $68.08 | $817 |
| 21st Century | $98.67 | $1,184 |
| USAA | $107.00 | $1,284 |
| Esurance | $112.17 | $1,346 |
| Mercury | $119.75 | $1,437 |
| Hartford | $122.25 | $1,467 |
| State Farm | $125.83 | $1,510 |
| California Capital | $131.75 | $1,581 |
| Grange | $135.25 | $1,623 |
| Allied | $135.75 | $1,629 |
2013 BMW Z4
The average car insurance cost for a 2013 BMW Z4 is $1,836 per year. However, USAA offers the cheapest rates, with an average annual rate of $705.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| USAA | $58.75 | $705 |
| Southern Farm Bureau | $104.17 | $1,250 |
| Nationwide | $104.50 | $1,254 |
| Farmers | $108.75 | $1,305 |
| Shelter | $110.42 | $1,325 |
| Auto-Owners Insurance Co | $115.42 | $1,385 |
| State Farm | $120.58 | $1,447 |
| Cameron Mutual Group | $125.75 | $1,509 |
| Columbia Insurance Group | $143.67 | $1,724 |
| ALFA | $159.17 | $1,910 |
2012 BMW Z4
The average car insurance cost for a 2012 BMW Z4 is $2,052 per year. However, New York Central Mutual Fire offers the cheapest rates, with an average annual rate of $429.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| New York Central Mutual Fire | $35.75 | $429 |
| Erie | $59.42 | $713 |
| USAA | $80.67 | $968 |
| Preferred Mutual | $99.50 | $1,194 |
| Travelers | $111.17 | $1,334 |
| Nationwide | $120.00 | $1,440 |
| Central Mutual Insurance Co | $145.75 | $1,749 |
| State Farm | $169.17 | $2,030 |
| Encompass | $169.17 | $2,030 |
| Esurance | $262.00 | $3,144 |
2011 BMW Z4
The average car insurance cost for a 2011 BMW Z4 is $1,872 per year. However, Direct Man offers the cheapest rates, with an annual rate of $441.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Direct Auto | $36.75 | $441 |
| Liberty Mutual | $110.33 | $1,324 |
| Erie | $158.25 | $1,899 |
| USAA | $173.42 | $2,081 |
| Grange | $174.08 | $2,089 |
| California Capital | $180.00 | $2,160 |
| Metropolitan | $180.08 | $2,161 |
| Farmers | $181.67 | $2,180 |
| Hartford | $184.00 | $2,208 |
| CSAA | $187.83 | $2,254 |
2010 BMW Z4
The average car insurance cost for a 2010 BMW Z4 is $2,400 per year. However, Texas Farm Bureau Group offers the cheapest rates, with an annual rate of $1,674.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Texas Farm Bureau Group | $139.50 | $1,674 |
| USAA | $145.25 | $1,743 |
| State Farm | $186.75 | $2,241 |
| Allstate | $247.50 | $2,970 |
| Mercury | $286.75 | $3,441 |
| Nationwide | $327.17 | $3,926 |
| Chubb | $360.25 | $4,323 |
| Esurance | $368.00 | $4,416 |
| Safe Auto | $382.75 | $4,593 |
| Encompass | $384.00 | $4,608 |
How much is BMW Z4 Auto Insurance for Recent Models?
The auto insurance rates of BMW Z4 have been affected by inflation, expensive spare parts, and logistical issues. The average car insurance premium for the recent BMW Z4 models are as follows:
- A 2023 BMW Z4 will cost roughly $2,032.89/year to insure.
- A 2022 BMW Z4 will cost $2,096.90/year to insure.
- A 2021 BMW Z4 will cost $3,348/year on average.
BMW Z4 Safety Features
The BMW Z4 comes with a range of safety features, which can help reduce the insurance rates when you apply.
Some of the installed features include:
- Adaptive Cruise Control
- Lane Departure Warning
- Lane Keeping Assist
- Blind Spot Monitoring
- Automatic Emergency Braking
- Forward Collision Warning
- Rearview Camera
- Parking Sensors
- Traction and Stability Control
- Anti-lock Braking System (ABS)
- Active Driving Assistant
- Pedestrian Detection
- Cross Traffic Alert
- Side-Impact Airbags
- Curtain Airbags
Ways to save on BMW Z4 Car Insurance
- Maintain a clean driving record: Rash and careless driving often stays on your records. Insurance companies will charge you higher premiums if you have a history of at-fault or DUI accidents.
- Maintain a good credit score: Applicants with excellent credit scores can save as much more annually compared to those with lower credit scores.
- Follow Traffic Rules: Traffic violations can considerably increase your BMW Z4 insurance premiums.
- Ask for relevant discounts: Ask for common BMW Z4 discounts, such as anti-theft discounts, multiple car discounts, auto multiple line discounts ,short annual mileage discounts, new car discounts, anti-lock brake discounts, and passive restraint discounts to reduce your annual premiums as much as possible.
- Bundle insurance policies: You can save even more by bundling your auto and home insurance policies.
How do I find the best BMW Z4 Car Insurance Rates?
- Always research the market and insurance trends before purchasing car insurance for your BMW Z4. It could be tempting to choose a provider that offers a low rate. However, it’s always better to apply for multiple free insurance quotes from as many companies as you can. You can either apply individually or use an insurance platform like Way.com.
- Compare, compare, compare – that should be your mantra when searching for the best policy. Only choose a provider who offers a balance of low rates and comprehensive coverage.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don’t always mean the best! You can always consider spending a bit more to get comprehensive coverage.
How to Get Acura RDX Auto Insurance with Way
Simply download the Way App or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes! Compare offers from more than 150 different insurance providers on our platform, which lets you choose the best policy for your BMW Z4- all in as little as 60 seconds!
FAQs
How much does BMW Z4 insurance cost?
The average cost of insurance for a BMW Z4 is $3,851 per year, depending on factors like the model year, your driving history, location, and the level of coverage.
Is BMW Z4 insurance more expensive than other cars?
Yes, sports cars like the BMW Z4 typically have higher insurance premiums due to their higher repair costs, performance capabilities, and likelihood of being involved in accidents.
How can I lower my BMW Z4 insurance costs?
There are several ways to lower your BMW Z4 insurance premiums. You can opt for a higher deductible, bundle your car insurance with other policies such as home insurance, and take advantage of any available discounts.
Does the model year affect insurance costs for the BMW Z4?
Yes, certain newer models tend to cost more to insure because they often have higher repair and replacement costs. Some older models may be cheaper to insure, though this can vary based on condition and repair costs.
Do I need full coverage for my BMW Z4?
While full coverage is not required by law, it is highly recommended for a BMW Z4 due to the higher repair costs associated with luxury and sports cars. Full coverage includes both liability and collision or comprehensive insurance.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
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