Save on 2014 BMW X6 Car Insurance Cost

Searching for cheaper car insurance rates for your BMW X6? If price shopping auto insurance quotes online is new to you, most likely you are baffled by the vast assortment of local and online companies selling insurance.

How car insurance companies calculate BMW X6 insurance costs

One of the most helpful ways to save on insurance coverage is to to have a grasp of a few of the rating criteria that go into determining the level of your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get cheaper rates.

The factors shown below are some of the factors utilized by car insurance companies to help set your rates.

  • Younger drivers pay more – Beginning drivers have a tendency to be careless and easily distracted when driving and because of this, their insurance coverage rates are much higher. Mature drivers are proven to be safer behind the wheel, statistically cause fewer accidents and receive fewer citations.
  • Insurance companies don’t like frequent insurance coverage claims – Companies give the lowest premiums to people who are not frequent claim filers. If you file claims often, you can expect much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of the large, substantial claims.
  • Discounts for multiple policies – Some companies provide discounts to clients that have more than one policy. It’s known as a multi-policy discount. Even if you qualify for this discount already, you may still want to shop around to help guarantee you have the best rates.
  • Deter car thieves – Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder car theft and help bring rates down.
  • Car insurance liability coverage limits – Liability insurance kicks in when a jury decides you are liable for damages caused by your negligence. This coverage provides you with a defense in court which can cost thousands of dollars. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Raise comp and collision deductibles and save – Protection for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some coverage claims would be a broken windshield, hitting a deer, and damage caused by flying debris. Deductibles for physical damage are how much you are willing to pay before your insurance coverage pays a claim. The more damage repair cost you’re willing to pay, the better rate you will receive on X6 insurance.
  • Does insurance coverage cost less for women? – Statistics demonstrate women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. They both get in fender benders at a similar rate, but men cause more damage. Men also have more aggressive citations like driving under the influence (DUI). Male teenagers tend to get in the most accidents and therefore are the most expensive to insure.

Don’t overlook these insurance discounts

Companies don’t always list every discount in a way that’s easy to find, so the following is a list of both the well known and also the lesser-known discounts that may be available. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Low Miles Discount – Maintaining low annual mileage can earn lower rates due to less chance of an accident.
  • Federal Government Employee – Being employed by or retired from a federal job could provide a small rate reduction on X6 insurance with some insurance companies.
  • Early Renewal Discounts – A few insurance companies offer discounts for buying a policy before your current policy expires. You can save around 10% with this discount.
  • Waiver for an Accident – This one is not really a discount per se, but certain companies will forgive one accident before hitting you with a surcharge if you have no claims prior to the accident.
  • Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle up could save 15% off PIP or medical payments premium.
  • Multiple Vehicles – Buying insurance for several vehicles with the same company qualifies for this discount.

Discounts reduce rates, but you should keep in mind that most credits do not apply the the whole policy. A few only apply to the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way. Any amount of discount will definitely lower your overall bill.

Popular insurance companies and their offered discounts can be read below.

  • State Farm may include discounts for student away at school, Steer Clear safe driver discount, driver’s education, passive restraint, and multiple autos.
  • Farmers Insurance offers discounts for pay in full, early shopping, youthful driver, teen driver, switch companies, and multi-car.
  • GEICO policyholders can earn discounts including military active duty, emergency military deployment, federal employee, defensive driver, multi-vehicle, and membership and employees.
  • American Family includes discounts for defensive driver, Steer into Savings, TimeAway discount, mySafetyValet, good student, and multi-vehicle.
  • Nationwide has discounts for easy pay, good student, accident-free, Farm Bureau membership, family plan, and business or organization.
  • Progressive may offer discounts for online signing, continuous coverage, online quote discount, good student, and multi-vehicle.

If you need lower rates, check with each company which discounts you qualify for. Some of the discounts discussed earlier might not be offered in your area. If you would like to view insurance companies that offer multiple discounts, click here.

Advertising and insurance coverage

GEICO, State Farm and Progressive continually stream ads on TV and radio. They all seem to make the same claim that you can save if you get a free auto insurance quote and switch your policy. How does every insurance coverage company offer you a better deal? Here is how they do it.

All companies have underwriting criteria for the driver that will not have excessive claims. For example, this type of risk profile could be between the ages of 40 and 55, has a clean driving record, and chooses high deductibles. Any new insured who matches that profile gets the lowest premium rates and most likely will save a lot if they switch.

Potential insureds who don’t meet those criteria will be charged higher rates which leads to the customer not buying. If you pay close attention to the ads, they say “drivers that switch” not “everyone that quotes” can save as much as they claim. That’s why companies can make those claims. This really illustrates why you need to compare rate quotes every year. It is impossible to predict the company that will provide the lowest prices.

When to get professional advice

When it comes to choosing proper insurance coverage, there is no “best” method to buy coverage. Every insured’s situation is different.

For instance, these questions may help you determine if your insurance needs may require specific advice.

  • Do I need rental car coverage?
  • Does my car insurance cover rental cars?
  • Should I buy additional glass protection?
  • Are my friends covered when driving my car?
  • Who is covered by my policy?
  • What if I owe more than I can insure my car for?
  • Do I have newly-aquired coverage?
  • Should I carry comprehensive and collision coverage?

If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form.

What car insurance coverages do you need?

Having a good grasp of car insurance helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision coverage

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as hitting a mailbox, sustaining damage from a pot hole, crashing into a building and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like funeral costs, pain medications and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your BMW X6.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, vandalism, damage from a tornado or hurricane, hitting a bird and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage

Liability insurance protects you from damage that occurs to other people or property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against things such as legal defense fees, medical expenses, funeral expenses and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Final considerations

Throughout this article, we presented quite a bit of information on how to shop for 2014 BMW X6 insurance online. The key concept to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest prices are with the smaller companies.

When getting auto insurance quotes online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced full coverage only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage at an affordable rate, but do not skimp to save money.

Lower-priced 2014 BMW X6 insurance can be purchased online and from local agencies, so you need to shop auto insurance with both to have the best selection. Some insurance companies may not offer the ability to get a quote online and usually these small insurance companies work with independent agents.

To learn more, feel free to visit the following helpful articles:

Comments About 2014 BMW X6 Insurance

  1. Wesley Sloan

    Checking in from Philadelphia, PA. I got free quotes with USAA, American Family, GMAC, and Safeco for my BMW and saved $453 a year. Left Amica to switch. I just quoted rates online.

  2. Karisa Rivers

    If you don’t have tickets and live around Kansas City, KS, check out Allstate. They seem to be cheaper. Have a couple speeding tickets too. Bought it from an online quote.

  3. Candis Steele

    Hope my rates come down. Live in Phoenix, Arizona. Not sure of all the companies but I ended up saving about $30 each month.

  4. Eboni Le

    Nice info. I live in a small town just outside of San Diego, CA. Got rates from Auto-Owners, Nationwide, and USAA for my BMW and I’m now saving $30 a month. Insured with Liberty Mutual before. I recommend comparing lots of rates.

  5. Renita Galloway

    Lifelong resident of Atlanta, Georgia. Received rates from Amica, Erie, and Sentry for my BMW and saved just over $410 a year. I even had a DUI years ago. Online quotes are the way to go.

  6. Hiram Pitts

    I got a good deal I think. Checking in from Paterson, NJ. Compared rates from a lot of places. Saved darn near $50 a month. Progressive was the cheapest for me.

  7. Terrie Rodgers

    Affordable car insurance is a myth. Lifelong resident of Fargo, ND. Quoted with Mercury, Farmers, Allstate, and Amica for my BMW and saved $266 a year. I’m a pretty low risk driver. Highly recommended.

  8. Julianna Schroeder

    It all costs too much. I’m in Tampa, FL. Got rates from Hartford, AAA, MetLife, and a couple others for my X6 and I’m now saving $37 a month. Was with GEICO.

  9. Masako Cantrell

    I compared a lot of rate quotes for a 2014 BMW X6 in Baltimore, MD. Ended up at roughly $340 every six months with Auto-Owners. Insured with 21st Century before. Thankfully I’m not a high risk driver.

  10. Brinda Pace

    Well-written and thought out article. I’m in Henderson, Nevada. I quoted with AIG Insurance, Nationwide, and USAA for my 2014 BMW X6 and saved just over $570 a year. Have an at-fault accident tho.

  11. Tonja Patterson

    If you have a clean record and are close to Fargo, North Dakota, check out State Farm. You might get cheaper rates. Thankfully I have a good driving record.

  12. Otto Kerr

    Thanks for putting this site together. I live just to the north of Kansas City, KS. Got car insurance quotes with Western Auto Insurance, AAA, Hartford, and MetLife for my X6 and saved $119 a year. Left Safeco to switch. Just go online and compare their rates.

  13. Clarinda Glass

    Will Allstate be cheaper if I raise deductibles?

  14. Sarina Wilkerson

    I live north of Wilmington, DE. I got free rates from AAA, Sentry, and some smaller one I can’t remember the name of for my 2014 BMW X6 and I’m now saving $62 a month. I quoted rates online then called them.

  15. Julene Boyer

    Not sure if this is cheap. I live on the west side of Virginia Beach, VA. Went online for free insurance quotes for a 2014 BMW X6. Ended up at about $410 savings annually. Went with 21st Century. Even increased my liability limits.

  16. Tameika Vinson

    Any Progressive or Encompass customers near Salt Lake City, UT?

  17. Janina Ferrell

    It all costs too much. I live just outside Fargo, ND. Got rates from Auto-Owners, MetLife, and USAA for my 2014 BMW X6 and saved just over $360 a year. They have a lot of discounts available. Bought it from an online quote.

  18. Trisha Ayala

    It’s all a rip off. From northwest of Portland, Maine. Quoted quotes with AAA, Sentry, and a few others for my 2014 BMW X6 and I think I saved around $20 each month. BTW speeding tickets are not good.

  19. Shanel Shaw

    Great info, thanks for posting. Located in Indianapolis, IN. Got free quotes online for a 2014 BMW X6. Ended up at about $350 savings annually. Went with GEICO. Insured with Hartford before. Have a couple speeding tickets too. I recommend comparing lots of rates.