Lower Your 2016 BMW M6 Car Insurance Quotes

Wish you could get out of an overpriced auto insurance policy? Trust us when we tell you there are many drivers thinking the same thing. Insurance companies such as Progressive, State Farm and Geico all claim big savings with TV and radio ads and it is difficult to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

If you have a current insurance coverage policy or are shopping for new coverage, you can use these tips to get lower rates while maximizing coverage. Buying car insurance is easy if you know what you’re doing. Drivers only need to know the most effective way to shop for insurance coverage online.

These discounts can lower your insurance quotes

Not too many consumers would say insurance is affordable, but you can get discounts that many people don’t even know exist. Larger premium reductions will be automatically applied when you get a quote, but some must be requested specifically before being credited.

• Cautious Driver Discount – Insureds without accidents can pay as much as 50% less for M6 coverage compared to accident prone drivers.
• Switch and Save Discount – Select companies give a discount for switching policies early. This can save 10% or more.
• One Accident Forgiven – but companies like State Farm, Progressive and Geico will forgive one accident without getting socked with a rate hike so long as you are claim-free for a certain period of time.
• Homeowners Pay Less – Owning a house may earn you a small savings because maintaining a house requires personal responsibility.
• Accident Free – Drivers with accident-free driving histories get the best insurance rates when compared to bad drivers.

While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like it’s possible to get free car insurance, you’re out of luck.

A list of companies and a selection of discounts can be read below.

• AAA offers discounts including multi-policy, good student, education and occupation, good driver, AAA membership discount, anti-theft, and multi-car.
• Progressive has discounts for good student, online signing, homeowner, online quote discount, multi-vehicle, and multi-policy.
• State Farm offers discounts for driver’s education, student away at school, accident-free, good driver, and good student.
• Esurance policyholders can earn discounts including good driver, multi-policy, multi-car, Switch & Save, DriveSense, online shopper, and Pac-12 alumni.
• Nationwide may have discounts that include business or organization, accident-free, easy pay, good student, defensive driving, and multi-policy.

When quoting, ask every company how you can save money. Depending on the company, some discounts may not apply to policies in your area. If you would like to see a list of insurance companies who offer discounts, click this link.

Get cheaper auto insurance with these tips

Many different elements are part of the equation when quoting car insurance. Most are fairly basic like an MVR report, but other factors are less obvious like your continuous coverage or how safe your car is.

The items below are a few of the “ingredients” companies use to determine rates.

• Don’t skimp on liability coverage – A critical coverage on your policy, liability insurance will protect you in the event that you are ruled to be at fault for damages caused by your negligence. Your liability coverage provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Cheap premiums for being claim-free – Car insurance companies give lower rates to policyholders who only file infrequent claims. If you are a frequent claim filer, you can pretty much guarantee higher premiums or even policy non-renewal. Insurance coverage is intended for the large, substantial claims.
• Don’t cancel your coverage without a new one in place – Driving without insurance coverage in place is not a good idea and as a result your rates will increase for letting your insurance lapse for non-payment. In addition to paying higher premiums, getting caught without coverage may result in a license revocation or jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
• Rates increase with driving citations – Your driving citation history influences premium rates substantially. Getting just one driving citation may increase your cost by as much as twenty percent. Attentive drivers have lower premiums than people who have multiple driving citations. Drivers unfortunate enough to have flagrant violations such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with their state DMV in order to legally drive.
• Premiums impacted by vehicle usage – Driving a lot of miles in a year’s time the higher your rates will be. A lot of companies rate vehicles determined by how the vehicle is used. Cars that are left in the garage qualify for better rates than cars that get driven a lot. It’s always a good idea to double check that your vehicle rating shows the proper vehicle usage. An improperly rated M6 may be wasting your money.
• Alarm systems save money – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping your vehicle from being stolen.
• Premiums are affected by your credit score – A driver’s credit rating is a large factor in determining your rates. If your credit is low, you could save money insuring your 2016 BMW M6 if you clean up your credit. Drivers who have good credit tend to be better drivers and file fewer claims than those with lower credit scores.

Different people need different auto insurance coverages

When it comes to buying the best auto insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation could use an agent’s help.

• When should I not file a claim?
• How much liability insurance is required?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Do I get a pro-rated refund if I cancel my policy early?
• Does having multiple vehicles earn me a discount?
• How much liability do I need to cover my assets?
• Are my tools covered if they get stolen from my vehicle?
• Why does it cost so much to insure a teen driver?
• Does my 2016 BMW M6 need full coverage?

If it’s difficult to answer those 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 auto insurance companies in your area. It’s fast, free and may give you better protection.

Insurance myths debunked

Consumers can’t get away from ads for the lowest price insurance from companies such as Progressive, Geico, Allstate and State Farm. All the companies make the point that drivers can save some big amount just by moving your insurance coverage to their company.

How does every insurance company make the same claim? It’s all in the words they use.

All the different companies have underwriting criteria for the driver that will most likely be profitable. For example, this type of risk profile might be a mature driver, insures multiple vehicles, and has great credit. Any driver that fits those parameters may get the lowest premium rates and have a good chance to save some money.

People who don’t measure up to those criteria may be forced to pay a higher rate which results in business not being written. The ads state “customers who switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can confidently make the claims of big savings. Because every company is different, you really should compare free insurance coverage quotes often. It’s impossible to know the company that will fit you best based on your risk profile.

Car insurance specifics

Knowing the specifics of your policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by car insurance companies.

Liability coverage

Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. It protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: 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 means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as bail bonds, repair costs for stationary objects, medical services, funeral expenses and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for bills such as chiropractic care, pain medications and hospital visits. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This will pay to fix damage to your M6 resulting from a 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 like colliding with a tree, rolling your car, sustaining damage from a pot hole, crashing into a building and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, falling objects and rock chips in glass. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured Motorist or Underinsured Motorist insurance

This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your BMW M6.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Don’t break the bank

We’ve covered a lot of tips how to lower your 2016 BMW M6 insurance prices. It’s most important to understand that the more you quote insurance coverage, the higher your chance of finding cheaper insurance coverage. You may even find the best price on auto insurance is with an unexpected company. These smaller insurers can often provide lower rates in certain areas as compared to the big name companies such as State Farm, Geico and Nationwide.

Some companies may not have price quotes online and usually these small insurance companies only sell coverage through independent agents. Budget-friendly auto insurance can be sourced from both online companies as well as from insurance agents, so compare prices from both to have the best rate selection.

More information is available on the following sites:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Vehicle Size and Weight FAQ (iihs.org)
• Crash Avoidance Technologies FAQ (iihs.org)
• Information for Teen Drivers (Geico)
• Choosing an Insurance Company (Insurance Information Insitute)