Cheaper 2014 BMW M6 Car Insurance Quotes

Trying to find low-cost insurance for a new or used BMW M6 can turn out to be a lot of work, but you can learn these tips to find lower rates. There are more efficient ways to compare auto insurance rates and you need to know the quickest way to compare rates for a BMW and locate the lowest price from both online companies and local agents.

Choosing the best insurance company for you is quite easy. If you have a policy now or are looking for a new policy, you can use these tips to find the best rates while maintaining coverages. Vehicle owners only need an understanding of how to shop their coverage around on the web.

You may qualify for discounts

Auto insurance companies don’t always advertise all available discounts in a way that’s easy to find, so the next list breaks down a few of the more common as well as the least known ways to save on auto insurance.

  • Distant Student Discount – Children who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
  • Save over 55 – Seniors may receive better auto insurance rates on M6 coverage.
  • Active Service Discounts – Having a family member in the military could trigger a small discount.
  • Safety Restraint Discount – Requiring all passengers to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Bundle and Save – When you combine your auto and homeowners insurance and place coverage with the same company you could earn a discount of up to 20% off your total premium.
  • Low Mileage Discounts – Fewer annual miles on your BMW could be rewarded with substantially lower auto insurancerates.
  • Defensive Driver Discounts – Participating in a class that teaches defensive driving techniques is a good idea and can lower rates and easily pay for the cost of the class.

Discounts save money, but please remember that most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you can get free auto insurance, insurance companies wouldn’t stay in business.

A few popular companies and some of the premium reductions they offer are detailed below.

  • State Farm offers discounts for driver’s education, safe vehicle, good driver, defensive driving training, and student away at school.
  • GEICO may have discounts that include multi-vehicle, seat belt use, air bags, membership and employees, anti-lock brakes, and driver training.
  • Allstate has savings for 55 and retired, new car, eSmart discount, safe driver, EZ pay plan discount, and resident student.
  • SAFECO may include discounts for homeowner, teen safe driver, safe driver, accident prevention training, anti-lock brakes, bundle discounts, and drive less.
  • Farm Bureau offers premium reductions for 55 and retired, driver training, safe driver, multi-vehicle, renewal discount, and youthful driver.
  • Progressive policyholders can earn discounts including multi-policy, online quote discount, multi-vehicle, continuous coverage, homeowner, online signing, and good student.
  • AAA discounts include multi-car, good student, education and occupation, multi-policy, AAA membership discount, and good driver.

Before buying, ask all companies you are considering to apply every possible discount. Some of the earlier mentioned discounts might not be offered in your area. To find auto insurance companies that offer the discounts shown above, click here to view.

Where can I get affordable auto insurance?

The majority of larger companies like Allstate and Progressive allow you to get coverage price quotes on their websites. Doing online price comparisons doesn’t take a lot of time as you just type in your coverage preferences as requested by the quote form. When complete, the quote system will obtain reports for credit and driving violations and returns a price quote based on many factors.

Being able to quote online makes it easy to compare insurance prices but the time it takes to visit several different sites and fill out multiple forms is monotonous and tiresome. But it is imperative to have as many quotes as possible in order to get the best price possible.

Isn’t there an easier way to compare rates?

The smarter way to lower your auto insurance bill is to use a quote form that gets prices from several companies at one time. The form is fast, helps eliminate reptitive entry, and makes quoting online a lot less work. As soon as you send your information, your coverage is rated and you can choose any of the resulting price quotes. If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. The whole process takes less than 15 minutes and may save quite a bit of money.

To save time and get comparison pricing now, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended you complete the form with your coverages just like they are on your policy. This way, you’re receiving an apples-to-apples comparison for the exact same coverage.

What determines BMW M6 insurance prices?

Consumers need to have an understanding of some of the elements that come into play when calculating your insurance rates. When consumers understand what determines premiums, this enables you to make decisions that could help you find big savings. Many factors are considered when you get a price on insurance. Some are pretty understandable like an MVR report, although some other factors are less obvious like your vehicle usage and annual miles driven.

The factors shown below are a few of the things used by companies to determine your rate level.

  • A linsurance policy lapse is a bad thing – Not having insurance is not a good idea and any future policy may cost more because you let your insurance lapse for non-payment. In addition to paying higher premiums, getting caught without coverage might get you fines or a revoked license. Then you may be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Gals tend to take less risk – Statistics have proven that females tend to be a little less risky than males. It does not mean males are worse at driving than females. Both genders cause fender benders at about the same rate, but the male of the species cause more damage. Men also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers generally have the highest accident percentage and are penalized with high insurance rates.
  • Lower prices for being claim-free – If you file claims often, don’t be surprised to see either higher rates or even cancellation. Insurance companies award the lowest premiums to insureds who file claims infrequently. Your car insurance is designed for major claims that would cause financial hardship.
  • Know your credit history – An insured’s credit rating can be a huge factor in determining what you pay. Drivers with excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit history is low, you could potentially save money when insuring your 2014 BMW M6 by improving your credit score.
  • Younger vs. older drivers – Older, more experienced drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be get fewer driving tickets.Youthful drivers have been known to be inattentive in a vehicle therefore insurance rates are much higher.
  • Discounts for married couples – Your spouse may save some money on your insurance bill. Marriage may mean you are more mature than a single person and it’s statistically proven that drivers who are married file infrequent claims.
  • Liability coverage limits on your policy – A critical coverage on your policy, liability insurance kicks in when you are found to be at fault for causing personal injury or damage in an accident. Your liability coverage provides legal defense to defend your case. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • What’s your car’s IIHS safety rating? – Cars with high safety ratings can get you lower premiums. Vehicles built for safety reduce injuries and fewer serious injuries means less money paid by your insurance company and thus lower rates. If your BMW M6 scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.

There’s no such thing as the perfect car insurance policy

When it comes to buying proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

For instance, these questions can help discover if your situation would benefit from an agent’s advice.

  • Do I have coverage when using my vehicle for my home business?
  • I don’t drive much so do I pay less?
  • What is roadside assistance coverage?
  • Is upholstery damage covered by car insurance?
  • Will my rates increase for filing one claim?
  • Should I have a commercial auto policy?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • I have good health insurance, so how much medical payments coverage do I need?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Car insurance coverages for a 2014 BMW M6

Knowing the specifics of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for prosthetic devices, chiropractic care, funeral costs and doctor visits. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage

This covers damage to your M6 caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with another moving vehicle, hitting a mailbox, damaging your car on a curb, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and damage to your BMW M6.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive coverage (or Other than Collision)

This covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as hail damage, hitting a bird, fire damage and a broken windshield. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

This coverage provides protection from injuries or damage you cause to other people or property. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for claims like medical services, repair costs for stationary objects and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.

Buy Smart and Save

We’ve covered many tips how you can lower your 2014 BMW M6 insurance prices. The most important thing to understand is the more you quote car insurance, the better your chances of lowering your rates. You may even discover the most savings is with a company that doesn’t do a lot of advertising.

People change insurance companies for a variety of reasons including delays in paying claims, poor customer service, not issuing a premium refund and unfair underwriting practices. Regardless of your reason for switching companies, switching insurance companies can be pretty painless.

When you buy car insurance online, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, someone sacrificed comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. The aim is to find the BEST coverage at the lowest possible cost, not the least amount of coverage.

Additional information

Comments About 2014 BMW M6 Insurance

  1. Leanne Garner

    I’m in the north part of Salem, OR. Compared rates from a lot of places. Saved roughly $60 a month. Allstate was the best choice for me. Thankfully I have a good driving record. Bought it from an online quote.

  2. Christopher Hale

    If you don’t have tickets and live in the vicinity of Rutland, VT, check out 21st Century. They seem to be cheaper. Left State Farm to switch.

  3. Elfreda Shields

    In Concord, NH, 21st Century is a good choice. Insured with Nationwide before. Got better coverage too. It’s easy to compare rates online now.

  4. Antonietta Pena

    I found pretty cheap rate quotes for a 2014 BMW M6 in Jacksonville, Florida. Ended up at about $100 every six months with Auto-Owners.

  5. Shaunta Baker

    Where is cheaper car insurance? Live in the eastern part of Rockford, Illinois. Quoted prices from Progressive, AAA, Encompass, and The General for my 2014 BMW M6 and am saving around $520 a year. Teenage drivers are expensive! Not sure about claim service.

  6. Elfrieda Lawson

    Will GEICO raise rates after an accident?

  7. Dorian Ortega

    Just a quick comment on my experience. From Missoula, MT. Quoted quotes from Progressive, Hartford, and Encompass for my 2014 BMW M6 and I’m now saving $47 a month. God forbid I actually have a claim.

  8. Torrie Heath

    Good detail in your article. I’m in Fairbanks, AK. Received rates from American Family, Safeco, and Western Auto Insurance for my M6 and I’m now saving $34 a month. Left Auto-Owners to switch. I get a discount for insuring multiple vehicles. Not sure if rates are cheaper online or not.

  9. Janine Carey

    Will State Farm do a SR22 in Hawaii?