BMW Z4 Car Insurance: How Much Should You Expect to Pay?

The average car insurance premium for a BMW Z4 tends to be around $213 a month. Know how much insurance companies might charge to insure your BMW Z4 with our new guide.

Quick Facts

  • A BMW Z4 costs less than most other cars to insure.
  • Liability car insurance for a Z4 tends to be about $60 monthly, while full coverage usually runs around $166 per month.
  • Workmens offers the lowest average rates for a Z4 with liability only coverage offered for as cheap as just $22 a month.

Z4 Overview

With 2021 models starting at $49,700, the BMW Z4 is a great mid-level option for any driver. With two different trim levels currently available, there's an option for every driver.

We sifted through thousands of insurance quotes on Compare.com, and we've found that BMW Z4 auto insurance rates run about $213 per month, on average. Where does that fall compared to the rest of the market?

Current Base Price$49,700
Body Style(s)Car
Trim LevelsM40I, SDRIVE30I
Average Insurance Premium$213/mo.
Cheapest Insurance CompanyWorkmens

How Much is Car Insurance for a BMW Z4?

Vehicle Liability Only Full Coverage
BMW Z4$60$166
All BMW Models$84$199
All Cars$83$177
Average Insurance Premium$81$169

Looking at the table above, you'll find that compared to other vehicles on the road, BMW Z4 insurance premiums are around average. On average, Z4 drivers can expect to pay about $60 monthly for liability insurance, and around $166 per month for full coverage, which has comprehensive and collision coverages in addition to liability (our guide, "State Minimum vs. Full Coverage", can provide more details on the difference between these types of insurance).

Comparing it to other BMW models, the Z4 is more affordable, with prices more than 10% lower than the rest of the company's vehicle lineup. Similarly, compared to other vehicles of a similar body style, Z4 coverage is more affordable than average, with both liability only and full coverage insurance averaging less expensive rates than other cars.

Compared to all vehicles of any body type, the Z4 has more affordable prices than average for both liability only and full coverage car insurance.

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Who has the Cheapest Car Insurance for a BMW Z4?

Insurance Company Average Monthly Premium
Mile Auto$20
Workmens$22
Shelter Mutual$38
Acceptance$51
Dairyland$74

If you're browsing for a car insurance policy for a BMW Z4, you probably want to know which company offers the lowest premiums. While costs will generally be pretty different from policyholder to policyholder, Mile Auto provides the cheapest average rates for liability only coverage, with rates sometimes as low as $20 monthly. The next most affordable carrier is Workmens, who offers auto insurance sometimes as little as $22 a month.

Finishing off the rest of the top 5 are Shelter Mutual, Acceptance, and Dairyland. But just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

Car insurance carriers take a range of things into consideration when calculating monthly premiums. Since every driver is different, there's only one way to make sure you get the cheapest premiums, and that's by getting personalized quotes and comparing rates from an array of insurance companies.

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What Factors Affect Car Insurance Rates for a BMW Z4?

As we mentioned above, there are many factors that auto insurance carriers use to calculate how much they charge you for insurance -- and each company weighs different pieces more heavily than others, so there's not a singular carrier that's the most affordable for every driver.

The sections below show numerous variables car insurance companies use to calculate rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$106
2-3 Years$93
4-5 Years$60
6-7 Years$42
8-10 Years$53
11-14 Years$61
15 Years or Older$62

The BMW Z4 has been around for a while, so vehicle age will likely play a big role in what you end up paying for auto insurance. Usually, older cars will be cheaper to insure because they're worth less than newer models, and as time goes on and Z4s begin to depreciate, insurance costs will gradually go down.

Based on the above table, the BMW Z4 follows this trend, as the most expensive models to insure are those that are 1 year old or less, while the cheapest models are Z4s that are 6 to 7 years old, on average.

Your Age

Age Average Monthly Premium

Your age is another factor that plays a significant role in how much car insurance carriers will charge. Based on the information in the table above, drivers under 18 pay more expensive premiums compared to drivers who have more experience on the road. In this case, drivers under 18 pay over three times as much as those 25 or older.

Insurance prices continue to get lower as you get older, with drivers aged 35-44 making up the cheapest age group for the Z4.

Your Gender

Gender Average Monthly Premium
Male$62
Female$52

Did you know women tend to pay less for insurance than men? This is because men are more likely to get into collisions and get speeding tickets, which raises the chances of an insurance claim. The BMW Z4 follows this convention, and men pay about 19% more than women per month for car insurance.

Where You Live

State Average Monthly Premium
California$46
Florida$121
Georgia$99
Illinois$30
New York$159
North Carolina$41
Ohio$58
Pennsylvania$47
Texas$54
Virginia$62

It may seem like common sense that factors like how old you are and what vehicle you drive play a role in your insurance rates, but you may not realize that where you live has just as much of an impact. Auto insurance is regulated on the state level rather than nationally, so premiums shift quite a bit from state to state.

For example, the average BMW Z4 driver in New York pays around $159 monthly for liability coverage. Meanwhile, on average, the same owner from California will pay less than half of that price. The chart above shows average prices for the top 10 most populous states, just to give you a good idea of how much premiums can change depending on where you live.

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BMW Z4 Car Insurance Discounts

No matter your age, your car, or your home state, using as many discounts as possible when it comes to your auto insurance is always important when shopping around for a new policy.

Not every car insurance company will offer the same discounts, but there are a few that are relatively universal. These include things like:

  • Multi-car discounts for having more than one vehicle on your auto policy
  • Pay-in-full discounts for drivers who agree to pay their entire policy rate up front, rather than by monthly payments
  • Defensive driving discounts for taking a defensive driving class through a certified school or institution
  • Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings

There are countless ways to save money on your insurance if you know where to look. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like driving safely, avoiding lapses in coverage, and not having recent insurance claims.

Even though you may not have control of every variable auto insurance companies take a look at to calculate prices (like some of the ones mentioned above), you can control some of them. Below are just a few of the ones you can use in your favor in order to save on insurance:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$64
Multiple Accidents$81
1 Ticket$63
Multiple Tickets$80

You've probably noticed ads from car insurance carriers posting large discounts for responsible drivers. It makes sense that if you get tickets or get into an accident, auto insurance rates will go up. But how much will they cost you?

According to the table above, accidents will usually cost Z4 drivers more than tickets, but both will result in higher than normal rates. BMW Z4 drivers with a single ticket will pay an average of $63 a month, while drivers with one accident on their record pay about $64 every month (up $4 from the $60/mo. overall average). Those who have multiple kinds of either violation will end up paying even more.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$55
2,501-5,000 Miles$55
5,001-7,500 Miles$54
7,501-10,000 Miles$62
10,000+ Miles$66

Another factor you have control over is how much you drive. Those who drive less are less likely to get tickets, so they'll typically end up paying less for insurance. Based on the table above, you can see that BMW Z4 owners who drive fewer than 2,500 miles each year pay about $55 monthly for auto insurance, while those who put 10,000 miles or more on their cars pay $66.

If you don't drive much because you work from home or have a second vehicle, it may be worth reviewing usage-based or pay-per-mile car insurance. With these kinds of coverage, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do BMW Z4s Compare to Other Vehicles?

If you're thinking about buying a BMW Z4, you're probably wondering how it compares to other vehicles. Car insurance is just one cost that's associated with a new car purchase, but it's certainly one that's worth considering carefully.

Review the table below to see how the BMW Z4 compares:

BMW Z4 National Average
Liability Insurance$29$81
Full Coverage Insurance$124$169
Base MSRP$49,700$46,296
Average Annual Mileage8,70111,617

As you can see, the BMW Z4 is right on par with the average vehicle price here in the U.S. The national average vehicle MSRP is $46,296, and the Z4 comes in close to that at $49,700.

But while the purchase price runs about average, auto insurance premiums are lower when compared to other vehicles on the market. Liability insurance for a BMW Z4 is about $52 per month less than average, while full coverage is over $40 cheaper per month.

When it comes to usage, BMW Z4 owners drive fewer miles annually than the national average, with 8,701 miles a year compared to 11,617 for all vehicles.

BMW Z4 Car Insurance Costs by Model Year

We've walked through many of the variables that can affect how much the average driver pays for car insurance. But if you're considering buying a new vehicle and the Z4 is one you're thinking about, knowing what you can expect to pay is extremely valuable as you weigh your choices.

2021 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$29
Full Coverage Avg. Premium$124
Base MSRP$49,700
Cheapest Insurance CompanyMercury - $29/mo.
Available TrimsM40I, SDRIVE30I

You can expect full coverage for a 2021 BMW Z4 to run around $124 a month, while liability only coverage will average about $29 monthly.

Mercury has prices sometimes as cheap as $29 a month for the 2021 BMW Z4.

If you want to find the best rates for auto insurance for a 2021 BMW Z4, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2020 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$154
Full Coverage Avg. Premium$336
Base MSRP$49,700
Cheapest Insurance CompanyMercury - $43/mo.
Available TrimsM40I, SDRIVE30I

The average cost to insure a 2020 Z4 with liability only coverage is $154 per month, while full coverage runs around $336 a month.

With prices as low as just $43 per month, Mercury offered the cheapest policy we found for the 2020 BMW Z4.

While these are good estimates of what the average driver might pay to insure a 2020 BMW Z4, these premiums might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2019 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$20
Full Coverage Avg. Premium$215
Base MSRP$49,700
Cheapest Insurance CompanyMile Auto - $20/mo.
Available TrimsSDRIVE30I

On average, drivers who own a 2019 BMW Z4 can expect to pay $20 to $215 monthly for liability only and full coverage insurance, respectively.

If you're looking for the lowest possible 2019 BMW Z4 insurance policy, Mile Auto offered the lowest policy we found, with rates as low as $20 a month.

Interested in what your car insurance price will be? Get lots of personalized quotes for free by just entering your ZIP code below.

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2016 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$104
Full Coverage Avg. Premium$209
Base MSRP$49,700
Cheapest Insurance CompanyWorkmens - $22/mo.
Available TrimsSDRIVE28I, SDRIVE35I, SDRIVE35IS

It costs about $104 monthly for liability or $209 for a full coverage policy for the 2016 Z4.

We found Workmens offered the most affordable policy, with rates as little as $22 per month.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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2015 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$49
Full Coverage Avg. Premium$265
Base MSRP$48,950
Cheapest Insurance CompanyMercury - $21/mo.
Available TrimsSDRIVE28I, SDRIVE35I, SDRIVE35IS

2015 BMW Z4 drivers can expect to pay an average of $49 a month for liability or $265 for full coverage.

Mercury offered the lowest policy we found, with rates as cheap as $21 per month.

Want something more accurate than nationwide averages? Just enter your ZIP code below to get several free personalized quotes.

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2014 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$30
Full Coverage Avg. Premium$98
Base MSRP$48,950
Cheapest Insurance CompanyFiesta - $27/mo.
Available TrimsSDRIVE28I, SDRIVE35I, SDRIVE35IS

You can expect full coverage for a 2014 Z4 to run around $98 monthly, while liability only coverage will average about $30 per month.

With rates as little as just $27 monthly, Fiesta offered the most affordable policy we found.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2013 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$37
Full Coverage Avg. Premium$124
Base MSRP$47,350
Cheapest Insurance CompanyMetLife - $24/mo.
Available TrimsSDRIVE28I, SDRIVE35I, SDRIVE35IS

It costs around $37 a month for liability or $124 for a full coverage policy for the 2013 BMW Z4.

Looking for the cheapest policy? MetLife offered liability only coverage for as cheap as just $24 per month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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2012 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$61
Full Coverage Avg. Premium$183
Base MSRP$48,650
Cheapest Insurance CompanyMetroMile - $21/mo.
Available TrimsSDRIVE28I, SDRIVE35I, SDRIVE35IS

2012 Z4 drivers can expect to pay an average of $61 a month for liability or $183 for full coverage.

With premiums sometimes as low as $21 monthly, MetroMile offered the lowest policy we found for the 2012 BMW Z4.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2012 BMW Z4, you can get free quotes in minutes by just entering your ZIP code below.

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2011 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$55
Full Coverage Avg. Premium$181
Base MSRP$47,450
Cheapest Insurance CompanyElephant - $25/mo.
Available TrimsSDRIVE30I, SDRIVE35I, SDRIVE35IS

On average, drivers who own a 2011 BMW Z4 can expect to pay $55 to $181 a month for liability only and full coverage car insurance, respectively.

Elephant has prices as low as $25 monthly for the 2011 BMW Z4.

Interested in exactly how much you'll pay? Just enter your ZIP code below to get a variety of personalized quotes for free.

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2010 BMW Z4 Car Insurance

   
Liability Only Avg. Premium$59
Full Coverage Avg. Premium$191
Base MSRP$46,000
Cheapest Insurance CompanyWorkmens - $44/mo.
Available TrimsSDRIVE30I, SDRIVE35I

The average cost to insure a 2010 Z4 with liability only coverage is $59 per month, while full coverage runs about $191 a month.

Workmens offered the cheapest policy we found, with rates sometimes as cheap as $44 per month.

If you want to know exactly how much you can expect to pay for your Z4, just enter your ZIP code below and get free quotes in minutes.

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BMW Z4 Insurance FAQs

Is a BMW Z4 expensive to insure?

Compared to the national average of all vehicles, premiums come in on the lower end of the spectrum. Liability insurance runs an average of $60 monthly, while full coverage will cost you around $166.

How can I get the best price on car insurance for my BMW Z4?

There's only one way to ensure you're getting the most affordable rates -- checking prices regularly and comparing quotes from a lot of companies. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from several carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my BMW Z4 affect my insurance rates?

Have you heard the old adage that red cars cost more to insure than cars of other colors before? Well, that's just a myth. There are a multitude of things insurance companies consider when they decide how much to charge for car insurance, but the color of your BMW Z4 isn't one of them.

Do I need to have insurance before I buy a BMW Z4?

Before you can legally drive your new (or new to you) Z4 off the dealership lot, you'll need to have valid insurance for it. Some dealerships will offer you one during the purchase process, but the best thing to do when buying a a new car is to let your auto insurance carrier know ahead of time.

What car insurance discounts can I get for my BMW Z4?

You will find a variety of discounts out there for car insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are more based on you than the vehicle you drive, but if your Z4 has safety features like anti-theft systems, anti-lock brakes, airbags, and other features, it may qualify for certain discounts. You'll only know about which discounts you qualify for if you reach out to your insurance company and ask about their list of discounts.

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