The preferred way to get affordable car insurance rates is to start doing an annual price comparison from companies in Omaha.
First, spend a few minutes and learn about car insurance and the changes you can make to keep rates low. Many policy risk factors that cause high rates such as distracted driving and bad credit can be rectified by making minor changes to your lifestyle.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can give you price quotes for a wide range of companies.
Third, compare the new quotes to your current policy and see if you can save money. If you find a lower rate quote and buy the policy, ensure coverage does not lapse between policies.
One thing to remember is to compare similar coverage information on each price quote and and to get price estimates from as many different insurance providers as possible. This enables the most accurate price comparison and a complete selection of prices.
It’s a fact that auto insurance companies want to keep you from comparing rates. Consumers who compare rates at least once a year will, in all likelihood, buy a new policy because there are good odds of finding lower rate quotes. Surprisingly, a recent survey revealed that consumers who compared rates annually saved $865 a year compared to policyholders who never shopped around for better prices.
If finding low prices for auto insurance is your ultimate target, knowing how to shop for insurance can help you be more efficient.
How to lower your BMW Z4 insurance cost in Omaha, NE
There are several ways to compare prices from different Omaha insurance companies. One of the best ways to find the lowest BMW Z4 rates is to use the internet to compare rates.
When comparison shopping, getting more free quotes helps locate better pricing. Not every company does online price quotes, so it’s important to compare quotes from those companies as well.
The following companies provide free rate quotes in Omaha, NE. To locate cheaper auto insurance in Omaha, it’s a good idea that you visit as many as you can in order to find the most competitive rates.
Save money on BMW Z4 insurance in Omaha with these nine car insurance discounts
Some companies do not list all available discounts very clearly, so the list below gives a summary of some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates.
- No Accidents – Claim-free drivers can save substantially as opposed to policyholders that have many claims.
- Good Student – Excelling in school may save you up to 25%. This discount can apply until age 25.
- Discount for Low Mileage – Driving fewer miles can earn substantially lower prices.
- Driver Safety – Passing a driver safety course could possibly earn you a 5% discount and make you a better driver.
- Mature Driver Discount – Seniors could receive a discount up to 10%.
- Air Bag Discount – Factory options such as air bags or automatic seat belts may qualify for discounts of more than 20%.
- Military Discounts – Having a family member in the military could mean lower car insurance rates.
- Anti-lock Brake Discount – Cars that have anti-lock braking systems are safer to drive and will save you 10% or more on Z4 insurance in Omaha.
- Discounts for Government Workers – Active or former government employment could qualify for a slight premium decrease depending on your company.
A little disclaimer on discounts, most discounts do not apply to the whole policy. Most only cut specific coverage prices like comprehensive or collision. Despite the fact that it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The information below shows the difference between BMW Z4 car insurance rates with and without discounts applied to the premium. The premiums are based on a female driver, no driving violations, no at-fault accidents, Nebraska state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, multi-policy, marriage, safe-driver, and claim-free discounts applied.
Insurance companies that may offer quotes with many of the previously listed discounts include:
Before buying, ask every insurance company which credits you are entitled to. Some credits might not be offered on policies in your area. To see a list of car insurance companies who offer discounts in Omaha, click this link.
BMW Z4 insurance rates and statistics
The rate table displayed next showcases estimates of insurance premium costs for BMW Z4 models. Understanding more about how auto insurance policy rates are established can assist in making smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Z4 3.0I SDRIVE 2-Dr Roadster | $296 | $582 | $262 | $16 | $78 | $1,234 | $103 |
| Z4 3.5I SDRIVE 2-Dr Roadster | $296 | $582 | $262 | $16 | $78 | $1,234 | $103 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in your specific Omaha location which can affect auto insurance rates greatly.
An analysis of deductible level
When buying insurance, a common question is how high or low should comp and collision deductibles be. The following insurance rates help summarize the rate fluctuation when you buy lower versus higher deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Z4 3.0I SDRIVE 2-Dr Roadster | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| Z4 3.5I SDRIVE 2-Dr Roadster | $292 | $530 | $254 | $16 | $76 | $1,193 | $99 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Z4 3.0I SDRIVE 2-Dr Roadster | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| Z4 3.5I SDRIVE 2-Dr Roadster | $236 | $428 | $254 | $16 | $76 | $1,010 | $84 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rates do not factor in specific zip code location which can decrease or increase auto insurance rates greatly.
Based on the figures above, using a $250 deductible costs roughly $15 more each month or $180 for a full year across all BMW Z4 models than selecting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 17 months between claim filings, you would save money if you decide on a higher deductible.
The diagram below demonstrates how choosing different deductibles and can raise or lower BMW Z4 insurance costs for each age group. Data assumes a single female driver, comp and collision included, and no discounts are taken into consideration.
Insurance rates are higher with tickets and accidents
The chart below illustrates how violations and fender-benders can raise BMW Z4 annual premium costs for different categories of driver ages. Data assumes a married female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
Insurance rates based on gender
The chart below visualizes the comparison of BMW Z4 auto insurance rates for male and female drivers. The premiums are based on no claims or violations, comp and collision included, $250 deductibles, marital status is single, and no discounts are factored in.
Rate difference between full and liability-only coverage
The chart below illustrates the difference between BMW Z4 insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no other discounts are factored in.
When to drop comprehensive and collision
There isn’t a steadfast formula of when to phase out comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your BMW Z4 settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If you are paying over $300 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Insurance agencies are professional risk managers
Some people still like to buy from a licensed agent and that is just fine! An additional benefit of comparing rates online is that you can obtain the lowest rates but still work with a licensed agent. Buying from local agencies is definitely important in Omaha.
For easy comparison, once you complete this short form, your insurance coverage information gets sent to local insurance agents who will return price quotes for your insurance coverage. You don’t have to drive around because prices are sent immediately to your email address. You can most likely find cheaper rates and a licensed agent to talk to. If you need to compare rates for a specific company, you would need to find their quoting web page and complete a quote there.
If you are wanting to purchase insurance from a local insurance agency, there are two different types of agencies and how they are slightly different. Agents in Omaha are classified as either independent or exclusive.
Independent Insurance Agents
Agents that choose to be independent do not write with just one company and that allows them to write policies with an assortment of companies and possibly get better coverage at lower prices. If premiums increase, your agent can switch companies and you can keep the same agent.
If you need cheaper insurance rates, we recommend you include rate quotes from a few independent agents to have the most options to choose from. Most also write with small regional insurance companies that may have much lower rates than larger companies.
Featured below is a short list of independent insurance agents in Omaha who can help you get pricing information.
- Mech Insurance
3901 Q St – Omaha, NE 68107 – (402) 731-5965 – View Map - Omaha Division Insurance
14792 Ray Sapp Dr – Omaha, NE 68138 – (402) 334-7087 – View Map - Davis Companies
1313 Cuming St #200 – Omaha, NE 68102 – (402) 399-9090 – View Map
Exclusive Agencies
Exclusive agents can only write with one company and some examples include Farmers Insurance or State Farm. Exclusive agencies are unable to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are usually well trained on their company’s products which aids in selling service over price. Consumers frequently purchase coverage from exclusives partially due to the prominent brand name and the convenience of having all coverages with one company.
Below are Omaha exclusive agencies that are able to give price quotes.
- American Family Insurance – Randy Baker Agency Inc.
13768 Millard Ave – Omaha, NE 68137 – (402) 895-1300 – View Map - Farmers Insurance – Larry Schmitz
2726 S 148th Cir – Omaha, NE 68144 – (402) 895-3663 – View Map - Tim Edwards – State Farm Insurance Agent
6550 S 84th St #200 – Omaha, NE 68127 – (402) 331-0112 – View Map
Choosing the best insurance agency requires more thought than just a cheap quote. These are some questions you should get answers to.
- How will an accident affect your rates?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- How long have they been in business?
- Is insurance their full-time profession?
- What insurance companies do they recommend if they are an independent agent?
Upon receiving good responses to these questions as well as a affordable price, you have narrowed it down to an auto insurance agent that can be trusted to insure your vehicles. Keep in mind policyholders can cancel a policy any time you want so don’t think you are locked into a specific company with no way to switch.
Which is the best insurance?
Always keep in mind that when comparing the best insurance coverage for your personal vehicles, there really isn’t a “perfect” insurance plan. Your needs are unique to you so your insurance needs to address that.
For instance, these questions might help in determining if you could use an agent’s help.
- Why do I have to buy liability insurance?
- How much liability insurance is required?
- When should I remove my kid from my policy?
- Why am I required to get a high-risk car insurance policy?
- Am I covered when driving on a suspended license?
- Am I covered if my car is in a flood?
If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Nebraska auto insurance companies ranked
Finding a good quality insurance company can be rather challenging considering how many choices drivers have in Nebraska. The company ratings in the next section could help you pick which insurers to look at when shopping your coverage around.
Top 10 Omaha Car Insurance Companies by A.M. Best Rank
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Allstate – A+
- Progressive – A+
- Mercury Insurance – A+
- The Hartford – A+
- Nationwide – A+
- Esurance – A+
Top 10 Omaha Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- GEICO
- Safeco Insurance
- Mercury Insurance
- Esurance
Car insurance coverages 101
Having a good grasp of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages offered by car insurance companies.
Uninsured and underinsured coverage
This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many Nebraska drivers only carry the minimum required liability limits (which is 25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Auto liability
This coverage can cover injuries or damage you cause to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against things such as loss of income, legal defense fees, repair bills for other people’s vehicles and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford. Nebraska state minimum liability requirements are 25/50/25 but drivers should carry more liability than the minimum.
The illustration below shows why buying low liability limits may not provide adequate coverage.
Comprehensive coverages
This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a tree branch falling on your vehicle, fire damage, damage from getting keyed and falling objects. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Coverage for medical payments
Coverage for medical payments and/or PIP kick in for bills for things like rehabilitation expenses, dental work, X-ray expenses and EMT expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverage protection
This coverage covers damage to your Z4 caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as scraping a guard rail, colliding with another moving vehicle, sustaining damage from a pot hole, colliding with a tree and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible on your Z4 in order to get cheaper collision rates.
In the end, you can save money
When shopping online for auto insurance, it’s very important that you do not reduce needed coverages to save money. In too many instances, consumers will sacrifice physical damage coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage for the lowest cost and still be able to protect your assets.
In this article, we covered a lot of information how to reduce BMW Z4 insurance premium rates online in Omaha. The key thing to remember is the more providers you compare, the better your chances of lowering your prices. Drivers may even discover the best premium rates are with the least-expected company. Regional companies may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.
More affordable auto insurance in Omaha can be sourced online and also from your neighborhood Omaha agents, so you need to shop Omaha car insurance with both in order to have the best price selection to choose from. A few companies may not have rates over the internet and many times these small insurance companies prefer to sell through independent agents.
Even more information is available by following these links:
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Who Has Affordable Auto Insurance Quotes for a Toyota Tacoma in Omaha? (FAQ)
- Who Has Cheap Auto Insurance for a Company Car in Omaha? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Distracted Driving (Insurance Information Institute)